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FDA eCig Crackdown Boosts Appeal Of Online Authentication

PYMNTS

It might not have been inevitable, perhaps, but it was certainly expected: a regulatory backlash concerning the booming trade (both online and in brick-and-mortar stores) of eCigarettes , with their different flavors attractive to younger consumers — including underaged ones. This will have a huge impact,” Hochrieser told PYMNTS. “It

Online 152
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Today In Payments: Enova To Aquire OnDeck In $90M Deal; PayPal Reports Record Quarter

PYMNTS

Enova International intends to purchase online small business lender OnDeck for approximately $90 million in stock and cash. Report: India’s National Payments Corp Vulnerable To Security Breaches. National Payments Corp. National Payments Corp. of India (NPCI) discovered over three dozen security risks in 2019.

Report 133
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Kohl?s Leans Into Digital During Pandemic Store Closures

PYMNTS

CEO Michelle Gass said in a Tuesday (May 19) first-quarter earnings call with analysts that the retailer amplified its digital marketing efforts and revised its online site content. These include operating with limited store hours, social distancing signage, elevated cleaning procedures, a new returns process, among many others,” Gass said.

Retail 235
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Indonesia Levies 10 Pct Tax On Sales From Tech Firms

PYMNTS

The Southeast Asian country’s national tax office announced it will impose a 10 percent value-added tax (VAT) on foreign global technology companies as the nation looks for ways to defray the costs of battling the economic effects of the COVID-19 pandemic, Reuters reported. The country’s total budget for 2020 is $177.6

Taxes 141
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Amazon Sets Sights On Southeast Asia

PYMNTS

Two of its nations (Indonesia and Thailand) are ranked in the top 20 economies by their GDP. So while online retail accounts for about 5 percent of Southeast Asian commerce today, the region’s internet economy is poised to grow tremendously by 2025, with a projected annual worth of over $200 billion.

Regional 148
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Video-Based KYC Fixes Its Gaze On Fraudsters

PYMNTS

Invisible” is the operative word here, as the tsunami of remote onboarding triggered by COVID lockdowns has given fraudsters yet more cover to add to their anonymity. million by 2025, according to the new Tracker , and “FIs that leverage video-based KYC can reduce customer onboarding costs by as much as 90 percent.”.

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Amazon Faces New Competition In India

PYMNTS

With India expected to be a $1 trillion digital economy by 2025, online retailers all want a piece of the action. And, earlier this month, India’s anti-trust regulator approved Walmart’s $16 billion acquisition of online marketplace Flipkart. based retailers to get a stronghold in India.