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Finicity Extends API Expertise; Signs Data Access Agreement With Brex

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Both Finicity and Brex use the Financial Data Exchange (FDX) API standard, which leverages the OAuth standard for authenticating and authorizing account access. “We look forward to working with Brex in pioneering the way financial data is utilized to help businesses grow and achieve their goals.”.

Data 242
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Crypto 2020: One Step Up; Two Steps Back

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Ternio CEO Daniel Gouldman told Karen Webster that PayPal’s endorsement is a major step in crypto’s quest to go mainstream. The authors added that “rogue states like Russia, Iran and North Korea may turn to cryptocurrency to fund cyberattacks, blunt the impact of U.S. It’s not about going to production.”.

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Visa: Contactless Is The Cornerstone For A Reinvented Public Transportation Experience

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Mary Kay Bowman , Visa ’s head of seller solutions, told Karen Webster in a recent conversation that some operators had contactless payments already partially available in segments of the public transportation system, while others had it earmarked for a project several years in the future. A Remaking Picking Up Speed .

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Today In Payments: Police Allege Money Launderers Using Chinese eCommerce; Square Launches On-Demand Payroll

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In today’s top news, Chinese authorities have made several arrests alleging cybercriminals laundered $2 billion through faux eCommerce purchases, and Square announced the launch of two real-time payment features. Plus, Facebook could face a Federal Trade Commission (FTC) antitrust suit. Square Launches On Demand Payroll.

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Speed Bumps Ahead For Reliance Jio – And Perhaps (Digital) Payments?

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Of that total tally, 78 percent are active users, down from 84 percent last year, as reported by the Telecom Regulatory Authority of India. In the meantime, Paytm President Madhur Deora told Karen Webster that demonetization, the pandemic and the continued growth of the UPI have fostered a tailwind for digital payments.

Payments 233
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Uber’s SaaS Push Shows Flexibility Of Platform Model

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Marin Transit and the Transportation Authority of Marin also said they will make transit schedules and discounts available within the Uber app. The pilot will cost $80,000 according to Marin Transit authorities, and reports note the agency will pay Uber a subscription fee to use the software. This is not a one-off.

Software 202
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PayPal’s Magats: Digital Shift Forces New Focus On Auth Rates — And New Ways To Boost Them

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In an interview with Karen Webster, Jim Magats , senior vice president of omni payments at PayPal , said merchants are now keenly dialed into the fact that better authorization rates can have a positive ripple effect across commerce platforms. PayPal , he told Webster, has set its sights on becoming a “method of acceptance.”.

Cards 228