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The Swedish Trade Federation On Why FI Collaboration Is Key To Instant Payments Ubiquity

PYMNTS

Global consumers moved online in droves to fulfill their financial needs in the wake of the ongoing pandemic, leaving businesses and financial institutions (FIs) to catch up with increased payment volumes. availability has progressed rapidly for some use cases in the Nordic region and more sedately for others. Instant payments?

Payments 103
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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

Online 98
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FDIC settles Operation Choke Point lawsuit

CFPB Monitor

Initiated in 2012, Operation Choke Point targeted banks serving online payday lenders and other companies that have raised regulatory or “reputational” concerns. Before including such findings in an ROE or pursuing supervisory action, the recommendations must be thoroughly vetted with regional office and legal staff.

FDIC 112
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Mars Bars: Now Serving Local Martian Microbrew

PYMNTS

Today, despite complications due to regulations around transporting alcohol, successful businesses have been built around this concept. The mobile app Drizly , for instance, has been letting customers order alcohol via their smart devices since 2012, adding investors and new areas of service over the intervening years. .

Retail 117
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Signal Media’s AI Reads The News

PYMNTS

The aforementioned trio of deals, Asia-focused as they are, may mark a surge in the region in terms of investor interest. Of that amount, Asia as a region represented 17 percent of the total, and the U.S. Signal Media began by scanning global online and print news coverage but has since expanded to an even broader range of data. “We

Examples 101
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China and India lead global cashless growth

Banking 2020

percent for Europe for 2012-13 – up from 3.6 The ‘Emerging Asia’ region as a whole saw growth of 21.6 Meanwhile, Chinese online payment services Alipay reported more than half of transactions in the first 10 months of 2014 (54 per cent) came from mobile devices, up from just 22 percent in 2013.

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Big Tech Compliance Tracker: France Fines Amazon And Google $164 Million; Australia Warns Facebook And Google To Pay News Firms 

PYMNTS

The Commission Nationale de l’Informatique et des Libertés (CNIL), the French data protection watchdog, has hit Amazon and Google with significant financial penalties for allegedly contravening regulations on the digital advertising trackers known as “cookies,” CNBC reported. Amazon was told to pay 35 million euros (approximately $42.5

Google 132