#payments

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#banking

Cards Face Checkout Competition, Studies Find

Alternative payment methods like pay-by-bank are set to gradually overtake traditional credit cards in ecommerce.

Walmart plans instant bank payments, cutting out card networks

Walmart is introducing instant bank transfers for online purchases, enhancing payment processing efficiency and addressing customer needs for immediate access to funds.

Wondering where to get a money order? Here are 7 places to buy one.

Money orders are useful for payments when credit cards or checks aren't accepted, ensuring payment privacy.

Cards Face Checkout Competition, Studies Find

Alternative payment methods like pay-by-bank are set to gradually overtake traditional credit cards in ecommerce.

Walmart plans instant bank payments, cutting out card networks

Walmart is introducing instant bank transfers for online purchases, enhancing payment processing efficiency and addressing customer needs for immediate access to funds.

Wondering where to get a money order? Here are 7 places to buy one.

Money orders are useful for payments when credit cards or checks aren't accepted, ensuring payment privacy.
morebanking
#technology

Fiserv: AI Accelerates Banking and Payments Innovation

AI has been around since the 1950s but was limited by technology constraints at the time.
With advanced technology and widespread adoption, AI has now become accessible and can be used in various industries.

Why it's important to support fintechs in the acceleration age

The speed of technological change is accelerating, reshaping consumer expectations in commerce and finance.

Vipps is the first third-party payments system for iOS

Vipps provides a competitive alternative to Apple Pay by accessing the NFC chip on Apple devices in Norway.

Lightspark Introduces Instant Bitcoin Lightning Payments for U.S. Businesses with New Feature

Lightspark has launched Lightspark Extend, allowing U.S. businesses to facilitate instant Bitcoin payments using the Lightning Network for eligible accounts.

Clockwise #578: Sadly, No Taste for Blood - Relay FM

Technology enhances holiday celebrations, particularly during Halloween, blending nostalgia with modern experiences.

Fiserv: AI Accelerates Banking and Payments Innovation

AI has been around since the 1950s but was limited by technology constraints at the time.
With advanced technology and widespread adoption, AI has now become accessible and can be used in various industries.

Why it's important to support fintechs in the acceleration age

The speed of technological change is accelerating, reshaping consumer expectations in commerce and finance.

Vipps is the first third-party payments system for iOS

Vipps provides a competitive alternative to Apple Pay by accessing the NFC chip on Apple devices in Norway.

Lightspark Introduces Instant Bitcoin Lightning Payments for U.S. Businesses with New Feature

Lightspark has launched Lightspark Extend, allowing U.S. businesses to facilitate instant Bitcoin payments using the Lightning Network for eligible accounts.

Clockwise #578: Sadly, No Taste for Blood - Relay FM

Technology enhances holiday celebrations, particularly during Halloween, blending nostalgia with modern experiences.
moretechnology
#e-commerce

EXCLUSIVE: Amazon considers moving Amazon Pay into a standalone app in India

Amazon is considering launching a standalone app for Amazon Pay to increase its usage in India.

Klarna confidentially files for US IPO - Silicon Canals

Klarna has filed for an initial public offering, with plans potentially targeting a U.S. market listing.

HyperRing Releases Payment Ring with International Support | HackerNoon

The HyperRing's second-generation payment ring enables seamless contactless transactions abroad with robust security features and stylish designs.

Embracing the future of financial services

The European Embedded Finance market is projected to reach €180 billion by 2028.

EXCLUSIVE: Amazon considers moving Amazon Pay into a standalone app in India

Amazon is considering launching a standalone app for Amazon Pay to increase its usage in India.

Klarna confidentially files for US IPO - Silicon Canals

Klarna has filed for an initial public offering, with plans potentially targeting a U.S. market listing.

HyperRing Releases Payment Ring with International Support | HackerNoon

The HyperRing's second-generation payment ring enables seamless contactless transactions abroad with robust security features and stylish designs.

Embracing the future of financial services

The European Embedded Finance market is projected to reach €180 billion by 2028.
moree-commerce

AM Rajkumar introduces "Get Nonprofits Paid Act" to ensure timely payments for nonprofit vendors in NYC - QNS

Assembly Member Jenifer Rajkumar introduced the 'Get Nonprofits Paid Act' to ensure NYC nonprofits receive prompt payments within 30 days.
#fintech

Skyfire lets AI agents spend your money | TechCrunch

Skyfire is pioneering a payment solution to empower AI agents with autonomous transaction capabilities while ensuring user control and security.

Lightspark Enables Institutions To Use The Bitcoin Lightning Network

Lightspark provides enterprise-grade infrastructure for global Bitcoin Lightning Network payments.

Form3, a quiet giant in UK fintech, raises $60M at a $570M valuation | TechCrunch

Form3 raised $60 million to enhance its payment services amidst a challenging global economy.

Announcing the winners of The Big Bank Theory Awards 2024 - Tearsheet

Tearsheet's TBBT Awards recognize outstanding innovations in banking and embedded finance, highlighting the industry's movers and shakers.

HUB2 banks $8.5M to become the 'Stripe for Francophone Africa' | TechCrunch

HUB2 is positioned to become a leading payment solution for Francophone Africa, bringing interoperability and accessibility to a fragmented financial landscape.

Venmo will soon let you set scheduled and recurring payments

Venmo will soon offer scheduled payments for one-time and recurring transactions, improving user convenience.

Skyfire lets AI agents spend your money | TechCrunch

Skyfire is pioneering a payment solution to empower AI agents with autonomous transaction capabilities while ensuring user control and security.

Lightspark Enables Institutions To Use The Bitcoin Lightning Network

Lightspark provides enterprise-grade infrastructure for global Bitcoin Lightning Network payments.

Form3, a quiet giant in UK fintech, raises $60M at a $570M valuation | TechCrunch

Form3 raised $60 million to enhance its payment services amidst a challenging global economy.

Announcing the winners of The Big Bank Theory Awards 2024 - Tearsheet

Tearsheet's TBBT Awards recognize outstanding innovations in banking and embedded finance, highlighting the industry's movers and shakers.

HUB2 banks $8.5M to become the 'Stripe for Francophone Africa' | TechCrunch

HUB2 is positioned to become a leading payment solution for Francophone Africa, bringing interoperability and accessibility to a fragmented financial landscape.

Venmo will soon let you set scheduled and recurring payments

Venmo will soon offer scheduled payments for one-time and recurring transactions, improving user convenience.
morefintech
#cryptocurrency

Dogecoin Jumps on Fresh X Payments Speculations After Elon Musk Tweet

Dogecoin's price spikes are greatly influenced by Elon Musk's comments and developments related to payments services.

Ferrari to accept cryptocurrency payments in Europe DW 07/24/2024

Ferrari will start accepting cryptocurrency payments in Europe from late July, expanding to other countries by 2024.

Stripe in $1.1B Acquisition Deal for Stablecoin Platform Bridge: Report

Stripe is enhancing its cryptocurrency capabilities by acquiring stablecoin platform Bridge for $1.1 billion.

Dogecoin Jumps on Fresh X Payments Speculations After Elon Musk Tweet

Dogecoin's price spikes are greatly influenced by Elon Musk's comments and developments related to payments services.

Ferrari to accept cryptocurrency payments in Europe DW 07/24/2024

Ferrari will start accepting cryptocurrency payments in Europe from late July, expanding to other countries by 2024.

Stripe in $1.1B Acquisition Deal for Stablecoin Platform Bridge: Report

Stripe is enhancing its cryptocurrency capabilities by acquiring stablecoin platform Bridge for $1.1 billion.
morecryptocurrency

Sidcup builders 'ghosted staff and never paid their wages', claims worker

Object Limited reportedly left customers and sales reps unpaid, shutting down communications abruptly amidst fraud allegations.
#stablecoin

Stripe's $1.1B Acquisition Target, Bridge, Buys Web3 Wallet Platform Triangle

Triangle has been acquired by Bridge, which is itself being pursued by payments giant Stripe.

Bridge Fundraising for Stablecoin-Based Payments Network Totals $58M: Report

Bridge is developing a global stablecoin payments network to simplify cryptocurrency payments for companies.
Stablecoins help businesses engage in crypto without volatility but require links to traditional finance.

Stripe's $1.1B Acquisition Target, Bridge, Buys Web3 Wallet Platform Triangle

Triangle has been acquired by Bridge, which is itself being pursued by payments giant Stripe.

Bridge Fundraising for Stablecoin-Based Payments Network Totals $58M: Report

Bridge is developing a global stablecoin payments network to simplify cryptocurrency payments for companies.
Stablecoins help businesses engage in crypto without volatility but require links to traditional finance.
morestablecoin
#customer-service

TSB customers hit by payment problems

TSB customers experienced payment issues, especially with salaries and child benefits, prompting the bank to work on a resolution and assure no excessive charges.

Greggs shops close across the UK as IT glitch causes payment issues

Many Greggs stores in the UK closed due to technical issues, only accepting cash payments.
Other major chains like Sainsbury's, Tesco, and McDonald's have also faced IT problems in recent days.

TSB customers hit by payment problems

TSB customers experienced payment issues, especially with salaries and child benefits, prompting the bank to work on a resolution and assure no excessive charges.

Greggs shops close across the UK as IT glitch causes payment issues

Many Greggs stores in the UK closed due to technical issues, only accepting cash payments.
Other major chains like Sainsbury's, Tesco, and McDonald's have also faced IT problems in recent days.
morecustomer-service

Circle's USDC in Brazil and Mexico Now Available to Businesses Via Banking System

Circle expands USDC availability through integrations with local banks in Brazil and Mexico, enhancing accessibility for corporate users.

UK Finance, Member Banks See Benefits During Experimental Phase of a Tokenization, CBDC Platform

U.K. Finance completed the experimental phase of a tokenization and CBDC platform, aiming to enhance economic value and payment functionalities.

Andrew Davies - The Power of a Merchant of Record

Importance of utilizing Merchant of Record for bootstrapped businesses.
Insights on the advantages of bootstrapping versus traditional fundraising.
Impact of AI accelerator programs on business growth.
Evolution of online payment strategies is crucial for future success.

Google Wallet can now store California ID cards and drivers' licenses

Google Wallet now allows California residents to add IDs and licenses, enhancing functionality beyond payments.
The ID storage feature is a pilot program capped at 1.5 million users.

Google Loses DOJ Antitrust Suit Over Search

Google's payments to secure default search engine status on smartphones breaches US antitrust law.

How enterprise retailers streamline multi-channel payments and customer journeys - Tearsheet

The convergence of shopping and financial services is a growing trend, with consumers preferring cross-channel shopping experiences.

Here's the latest.

Michael Cohen's testimony in the first criminal trial of an American president could incriminate Donald Trump in the $130,000 payment to Stormy Daniels.
#ai

New Ecommerce Tools: April 29, 2024

Companies are offering new products for ecommerce and omnichannel merchants with updates on drone deliveries, AI, social commerce, composable commerce, fulfillment, and cross-border payments.

X Pitches Potential Ad Partners on New Opportunities

X is presenting a pitch deck to brands focusing on AI, payments, content, and ad performance to attract partners.

New Ecommerce Tools: April 29, 2024

Companies are offering new products for ecommerce and omnichannel merchants with updates on drone deliveries, AI, social commerce, composable commerce, fulfillment, and cross-border payments.

X Pitches Potential Ad Partners on New Opportunities

X is presenting a pitch deck to brands focusing on AI, payments, content, and ad performance to attract partners.
moreai

F.B.I. Searches Homes of Fire Dept. Chiefs in Corruption Investigation

The homes of two senior New York Fire Department chiefs were searched by the FBI as part of a corruption investigation.
The investigation is looking into whether the chiefs were paid to expedite or arrange safety inspections.

Ransomware gangs staged comeback' last year, says crypto research firm

Ransomware gangs made a major comeback in 2023, with victims paying out a record $1.1bn to hackers.
Payments to criminal gangs doubled compared to 2022, with an increase in big game hunting attacks targeting wealthier entities.
The decline in ransomware payments in 2022 was attributed to factors such as the Russia-Ukraine conflict and disruptions caused by law enforcement.

Apple Passes DMA Costs Back To Developers; Ad Fraud And AI-Generated Obituaries | AdExchanger

Apple has a history of not complying with antitrust rulings and paying fines for noncompliance.
Apple is using scare tactics to prevent adoption of third-party app stores and payments across Europe.

Coinbase Adds Message-Based Crypto Payments to Its Decentralized Wallet

Coinbase has added a new feature to its decentralized wallet that allows users to send money to each other through messaging apps.
This move aims to broaden the adoption of cryptocurrencies by making them more user-friendly and accessible for payments.
#Hunter Biden

China's payments to Hunter Biden raised red flags with bank during the Obama years

Bank investigators flagged $3 million in payments from a Chinese company to Hunter Biden's law firm as "erratic" and "unusual".
House lawmakers believe some of the questionable funds ended up in President Biden's bank account.
Hunter Biden's attorney demanded a public hearing for the president's son, accusing the panel of targeting him for political purposes.

James Comer Claims Hunter Biden's Truck Payments Are Corruption

House Republicans claim to have evidence of direct payments from Hunter Biden's business to his father, Joe Biden.
The payments were a recurring transfer of $1,380 per month, which were for the reimbursement of Hunter Biden's expenses.

Fox News' Jonathan Turley Hypes Hunter Biden's Car Payment as Evidence of Unprecedented Corruption: None of Us Have Seen the Likes of This'

House Oversight Committee Chairman James Comer released documents showing payments from Hunter Biden to his father, Joe Biden.
Investigation shows that these payments were for truck loan/lease payments and not part of an influence-peddling scandal.

China's payments to Hunter Biden raised red flags with bank during the Obama years

Bank investigators flagged $3 million in payments from a Chinese company to Hunter Biden's law firm as "erratic" and "unusual".
House lawmakers believe some of the questionable funds ended up in President Biden's bank account.
Hunter Biden's attorney demanded a public hearing for the president's son, accusing the panel of targeting him for political purposes.

James Comer Claims Hunter Biden's Truck Payments Are Corruption

House Republicans claim to have evidence of direct payments from Hunter Biden's business to his father, Joe Biden.
The payments were a recurring transfer of $1,380 per month, which were for the reimbursement of Hunter Biden's expenses.

Fox News' Jonathan Turley Hypes Hunter Biden's Car Payment as Evidence of Unprecedented Corruption: None of Us Have Seen the Likes of This'

House Oversight Committee Chairman James Comer released documents showing payments from Hunter Biden to his father, Joe Biden.
Investigation shows that these payments were for truck loan/lease payments and not part of an influence-peddling scandal.
moreHunter Biden

Google to pay Canada's "link tax," drops threat of removing news from search

Google has agreed to pay Canadian news businesses $100 million annually to comply with the country's Online News Act.
The deal allows Google to negotiate with a single news collective and reduce its overall financial obligation.
Facebook owner Meta remains opposed to making payments.
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