PYMNTS

JANUARY 5, 2021

Trading volumes on cryptocurrency exchanges have been doing extraordinarily well this week, hitting a new record volume of $68.3 billion, Reuters reported. The surge shows how strong trading has been lately, according to Reuters. Bitcoin reached $34,800 on Sunday (Jan. 3), compounding its 2020 rally that catapulted it to quadruple as big U.S. investors got into the mix, Reuters reported.

Bitcoin 329

Bitcoin cryptocurrency Report Retail 329

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JANUARY 5, 2021

After a short period of time in which Alibaba Founder Jack Ma’s whereabouts were unknown, CNBC has reported that Ma is not missing. Ma, according to the report, has been "lying low" amid several controversies between his companies and the Chinese government. Several news outlets had reported that Ma hadn't been seen in person since last October, when he spoke at a forum and criticized what he perceived as the government's overly strict regulatory rules.

Report 290

Report Groups Regulation Company 290

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JANUARY 5, 2021

The U.S. Department of the Treasury has electronically sent out two-thirds of the second round of individual stimulus checks, or over $112 billion in payments, according to a report from The Wall Street Journal (WSJ). The payments of $600 for every adult and child totaled a cost of around $164 billion, WSJ reported. The payments come as part of the $900 billion relief bill passed at the end of last month, which also included money to go toward assistance for unemployment and small businesses.

Payments 237

Payments Report Cards 237

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NOVEMBER 25, 2020

Does China have too much sway over digital currency? That, apparently, is a concern of the outgoing Trump Administration’s spy chief, with Director of National Intelligence John Ratcliffe warning, in a letter obtained by the Washington Examiner , of Beijing’s growing influence and power in the cryptocurrency sector. In the letter, addressed to Securities and Exchange Commission (SEC) Chairman Jay Clayton, Ratcliffe said China is now home to over half of the world’s cryptocurrency mining operati

cryptocurrency 201

cryptocurrency Washington Bitcoin National 201

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NOVEMBER 25, 2020

Binance has purportedly started notifying U.S. users by email that they have 14 days to shutter their accounts and take out all their money or have their accounts locked, Decrypt reported. The email reportedly told users that the firm found that they were aiming to access the platform while having identified themselves as U.S. persons. “Please note that as per our terms of use, we are unable to service US persons,” the company reportedly said in the email, as per the outlet.

Taxes 243

Taxes US social media Report 243

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NOVEMBER 25, 2020

Hollywood has seen mass layoffs at all levels of its hierarchy, Variety reports. Warner Bros. , for example, has seen two rounds of layoffs coupled with a "wholesale restructuring" that booted workers who had been with the company for decades. AMC announced recently that it will be laying off 10 percent of its U.S. workforce, meaning around 100 employees, according to Variety.

Video 140

Video Examples Report Groups 140

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NOVEMBER 25, 2020

Accounts payable (AP) automation software firm Beanworks has rolled out a function for expense reimbursements to assist companies in automating how they get and handle staffer expenditures, according to an announcement. The new function lets staffers send in receipts for their expenditures digitally through the Beanworks mobile program or website. Supervisors can look over receipts and give the go-ahead for reimbursements from anywhere.

Software 210

Software Payments Mobile Report 210

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NOVEMBER 25, 2020

Amid a spike in COVID-19 cases in the country, President-elect Joe Biden said in a Thanksgiving address on Wednesday (Nov. 25) that the country has to try to slow the growth of the virus. “We owe it to the doctors and the nurses and other frontline workers, care workers, who've risked their lives, some lost their lives…we owe that to our fellow citizens, who need access to hospital beds and care to fight this disease.

Delaware 210

Delaware Conference Groups US 210

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NOVEMBER 25, 2020

JD.com has rolled out its new Jinghui Digital Supply Chain Platform, which a company blog says will work to provide full-scale digital supply chain support. The need for supply chain help comes from the evolving complexities of the demand and supply relationship. The pandemic, which made it so that the chain was strained and harder to keep going, has only accelerated the need for improvements.

Big Data 218

Big Data Management Strategy Innovation 218

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NOVEMBER 25, 2020

Female FinTech entrepreneurs are getting left out of funding even as record venture capital money is being pumped into startups. Just 3.8 percent of FinTech startups with female founders received funding January through October, according to Crunchbase, per a Bloomberg report on Wednesday (Nov. 25). Companies that did get funding received only 0.9 percent of total monies raised. .

Fintech 288

Fintech New York Innovation Industry 288

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NOVEMBER 25, 2020

Financial firms expect that the cost to defend against cyberattacks will continue to increase in 2021, according to Bloomberg , citing a survey done by Deloitte & Touche LLP. The survey, which will be released in December, reports that 64 percent of executives at financial companies ranked cybersecurity as their top concern in expected budget increases.

Study 304

Study Survey Fraud Compliance 304

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NOVEMBER 25, 2020

An Amazon Web Services outage affected the digital presence and operations of dozens of companies Wednesday (Nov 25) as one of the subsystems of the massive web operations platform failed. The support page for Amazon Web Services’ status page said it was experiencing problems with Kinesis, its service that processes large streams of data, causing “increased error rates” for a number of websites.

social media 283

social media New York California Regional 283

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NOVEMBER 25, 2020

The Federal Ministry of Finance in Nigeria is said to be in discussions with the securities watchdog in the country to create a new digital currency and blockchain structure, Cointelegraph reported. The ministry is working with the Securities and Exchange Commission located in Abuja to offer a “regulatory environment for blockchain” and digital assets, Cointelegraph reported, citing local media.

Bitcoin 276

Bitcoin blockchain Groups Security 276

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NOVEMBER 25, 2020

The French Finance Ministry has advised big technology companies that the Digital Service Tax is now due, according to a Reuters report on Wednesday (Nov. 25). “Companies subject to the tax have received notice to pay the 2020 installment,” a Finance Ministry official told Reuters. The 3 percent levy affects tech companies with revenues of more than 25 million euros in France and 750 million euros worldwide.

Taxes 150

Taxes Regulation Meeting Report 150

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NOVEMBER 25, 2020

Today in B2B payments, Barclays debuts a corporate trade finance platform, and Adobe introduces B2B data capabilities on its real-time Customer Data Platform. Plus, Zact introduces its expense management solution, Monit adds new small business Banking-as-a-Service features and Plaid teams up with Jack Henry. Barclays Works With CGI to Implement Trade Finance Platform.

Payments 229

Payments Data Management System 229

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NOVEMBER 25, 2020

In today’s top news, Stripe eyes a new funding round that could boost its value to $100 billion, and payments stocks soared on Tuesday (Nov. 24). Plus, Walmart will begin fulfilling some orders at local stores. Stripe Eyes Funding Round That Could Put Valuation at $100B. The FinTech Stripe is considering a funding round that could value it as much as $100 billion, which would make it one of the most valuable venture-backed startups in the country.

Payments 195

Payments Fintech Course System 195

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NOVEMBER 25, 2020

In a splash of good news for the coronavirus-battered economy, new orders for durable goods rose 1.3 percent in October, new federal stats show. New orders for manufactured durable goods rose $3 billion last month, to a total of $248 billion, the U.S. Census Bureau said in a report released on Wednesday (Nov. 25). That was significantly faster than analysts had expected, with a Bloomberg survey having expected a smaller, 0.8 percent increase.

US 221

US Survey National Trends 221

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NOVEMBER 25, 2020

The push toward digital IDs, toward tracking who’s who – and, in this case, who’s safe – may be getting a tailwind from air travel. To that end, a quintet of airlines is debuting digital health passes that certify travelers do not have the coronavirus. That passport, of a sort, will be known as CommonPass – and will certify negative COVID test results.

New York 326

New York Resources Course Data 326

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NOVEMBER 25, 2020

eBay is launching a new grant program to support small businesses this holiday season, committing to give $500,000 to 50 businesses, the company announced in a press release. Small business sellers on eBay can apply to the Up & Running Grants program between now and Dec. 11. Each seller will be awarded a $10,000 grant package, consisting of $8,000 in cash and $2,000 in eBay credits.

Training 193

Training Resources America Course 193

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NOVEMBER 25, 2020

JD Health is gearing up to raise is looking to raise as much as $4 billion through an initial public offering (IPO) on the Hong Kong stock exchange, the Financial Times reports. It could be one of the biggest IPO of 2020, the news outlet reported, and the first IPO by a major Chinese tech company since China nixed Ant Group’s plans to go public in early November.

Groups 158

Groups Report Security Online 158

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NOVEMBER 25, 2020

Consumer spending in the U.S. rose 0.5 percent in October while household income declined 0.7 percent, according to a report released by the Bureau of Economic Analysis (BEA) on Wednesday (Nov. 25). The drop in income is more than what forecasters anticipated, largely because of a loss in unemployment benefits. Spending surpassed expectations but was lower than September’s spending increase of 1.2 percent. .

Analysis 141

Analysis Report Payments 141

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OCTOBER 17, 2020

Tab, shift, delete. It’s our cryptic way of conveying the hurtful news that Tab, one of America’s proto-diet colas and the “drink of beautiful people” since 1963 will shuffle off its carbonated coil as Coca-Cola goes on a diet, trimming its roster of beverage brands due to the COVID-19 shift. Tab is not alone in Coke’s beverage boneyard. The Wall Street Journal recently reported that the giant will “slash its 500 brands by more than half, accelerating an ongoing culling effort in response to the

Delaware 283

Delaware Branding Online Report 283

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JULY 21, 2020

Apple Card users say reporting of their credit card use is now appearing on Experian, the consumer credit reporting company, AppleInsider reported. Reporting of the Apple-branded credit card user’s information had been limited to TransUnion, the Chicago-based consumer credit reporting agency. AppleInsider said it received an email from a reader with an Apple Card who noticed a change made to their Experian credit report when they checked their report on July 19, the online news outlet reported.

Apple 140

Apple Cards Report Chicago 140

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JULY 21, 2020

Spotify Technology on Tuesday (July 21) augmented its big push into podcasting with a major new offering, as the music streaming service announced plans to let select creators roll out videos along with their core audio offerings. Promising a “visual and audio feast,” Spotify said that both free and paid subscribers will now have access to “video podcasts” from the creators of podcasts like Book of Basketball 2.0 , Fantasy Footballers , Misfits Podcast , H3 Podcast , The Morning Toast , Hig

Video 261

Video Apple Mobile Technology 261

PYMNTS

JULY 21, 2020

Instagram is debuting a new way to raise money, the company announced in a blog post. The photo- and video-sharing social networking service owned by Facebook said the new service will allow Instagram users to raise cash for a cause, small business or friend. Instagram is launching a test of Personal Fundraiser in the U.S., the U.K. and Ireland, according to the post.

Video 166

Video Resources Tools Branding 166

PYMNTS

JULY 21, 2020

As earnings season starts up, the world is getting a glimpse into how the global pandemic and subsequent economic meltdown is impacting firms of all kinds. Of particular interest to market watchers are the FAANG s – Facebook, Amazon, Apple, Netflix and Alphabet/Google – and how the pandemic has affected those tech giants’ performance thus far. Experts also want to know what role the FAANGs will play individually and collectively in the U.S. economic recovery.

Apple 150

Apple social media Google Video 150

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JULY 21, 2020

Flywire has teamed with China’s international education industry association BOSSA to bring its cross-border payment services to more Chinese students traveling to other countries. BOSSA, or the Beijing Overseas Study Service Association, is a non-profit organization supported by the government that assists its 300 member agents to recruit and provide guidance to roughly two-thirds of all students from China studying in other countries annually.

Payments 140

Payments Study Industry System 140

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JULY 21, 2020

Hippo , the tech startup that provides home insurance digitally, has raised $150 million in a funding round that brings its valuation to $1.5 billion, the Palo Alto, California-based company announced Tuesday (July 21). Since the company launched in 2015, it has raised a total of $359 million. Last summer, Hippo reached unicorn status, the term used by the venture capital sector to describe a startup company valued at more than $1 billion.

Capital 130

Capital California Customer Experience National 130

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JULY 21, 2020

Wirecard AG, the German payments company fighting for survival, has hired a forensic team to investigate the accounting scandal that led to its insolvency, sources told Reuters. Once worth $28 billion before it collapsed last month, Wirecard has contracted with Alix Partners, the New York-based forensic accounting firm, to explore the two missing deposits in Philippines banks totaling more than $2 billion uncovered by its auditor Ernst & Young and nearly $4 billion it owes creditors.

Pennsylvania 140

Pennsylvania New York Fraud Operations 140

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JULY 21, 2020

As the pandemic continues to disrupt everyday life the world over, many consumers are seeking refunds on things they have already paid for but may not be able to use. Rollovers or refunds are now being offered to those who have purchased concert tickets. BottleRock Napa Valley 2020, which was to feature the Dave Matthews Band, Stevie Nicks and then Red Hot Chili Peppers as part of its lineup, has been rescheduled for next year, according to an announcement on Twitter.

Community 130

Community 130

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JULY 21, 2020

Gett , which provides corporate taxi services, has raised $100 million in a funding round, the company announced on its blog. Saying one-third of Fortune 500 companies “are already our loyal clients,” Gett said the COVID-19 pandemic has increased its corporate business. “The way people move around in cities is changing dramatically as a result of COVID-19 and businesses are seeking to optimize costs and to put in place efficient and safe ground travel solutions for their employees,” Gett CEO Da

New York 140

New York Operations Company US 140

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JULY 21, 2020

Starbucks ’ customers in China now have more ways to order drinks. The Seattle-based coffee chain’s offerings are now available on multiple platforms run by Alibaba Group Holding Ltd. , the global technology company specializing in eCommerce, Reuters reported. “Starbucks Now,” a Starbucks app feature that allows customers to order from their mobile phone and pick it up in-store, will now be available on four Alibaba platforms, including local services such as the Koubei app and Alipay, the digit

Online 150

Online Seattle Groups Meeting 150

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JULY 21, 2020

As negotiations on another major stimulus package get underway today in Washington, D.C., a roughly $2 trillion gap exists between the proposal put forth by House Democrats and the plan being hammered out by Senate Republicans. House Speaker Nancy Pelosi is slated to meet later Tuesday (July 21) in private with Treasury Secretary Steven Mnuchin and White House Chief of Staff Mark Meadows to discuss another round of stimulus spending amid signs the economic recovery may be stalling as coronavirus

DC 140

DC Taxes Washington Meeting 140

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JULY 21, 2020

The Starbucks Rewards program that already has loyal customers grabbing extra iced lattes on hot afternoons is about to become even more tempting. The Seattle-based coffee behemoth said in a Tuesday (July 21) news release that beginning this fall, customers who use the Starbucks app to order at company-operated stores will no longer have to pay for their purchases through the app in order to earn stars in the rewards program.

Payments 130

Payments Seattle Cards US 130

PYMNTS

JULY 21, 2020

Salesforce has announced a broad expansion of its Order Management offerings, including the ability for companies to let online shoppers complete purchases without leaving social media channels. “This means that customers can shop, check out, track orders, connect with service agents and bots, and easily initiate cancellations, returns and exchanges without ever having to leave the channel they’re shopping from,” the company wrote in a news release. “Like previous Quick Start C

social media 145

social media Taxes Management Online 145

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JULY 21, 2020

Western Union has signed a deal with TrueMoney , a Philippines financial services provider, the global cross-currency money mover and payments company announced on Tuesday (July 21). Terms of the deal were not disclosed. The collaboration will allow customers to get cash at select TrueMoney locations identified by Western Union signs. The service will eventually be available at more than 5,000 locations in the Philippines.

Denver 246

Denver Washington Groups Operations 246

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MAY 4, 2020

As businesses struggle to stay afloat during the coronavirus pandemic, Yelp is extending a helping hand with the implementation of a tab to spotlight companies’ digital offerings, such as fine dining takeout and online classes. “Yoga studios have had to quickly shift to virtual classes, fine dining restaurants are pivoting to takeout and restaurants are selling groceries,” Yelp said in a statement on Monday (May 4).

Metro 134

Metro Study Community Online 134