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Visa, Wave Team To Bring Instant Payouts To Micropreneurs

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“When do you want to get paid?” It’s a basic question that — when posed to anyone, particularly, a small business (SMB) — most always has the same answer, no matter who one asks or within what industry: now.

Taxes 269

Can Regulating Wearables Protect Data Privacy?

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The Intelligence of Things (IoT) has become a fixture of everyday life, with more than 14 billion connected devices expected to be in use by the end of 2019.

Ripple’s Cross-Border Offerings Gain Asia Adoption

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Amid cross-border payments efforts, Ripple has gained some traction in recent days. As reported on sites such as BitcoinExchangeGuide , Siam Commercial Bank is boosting its use of Ripple’s offerings, including xCurrent.

ATM 255

Chipotle Hacked, Payment Credentials Compromised

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Chipotle Mexican Grill has been the victim of a cyberattack that compromised the credit card payment information for a small number of customers.

Silicon Valley Is Losing Its Luster With Millennials

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Silicon Valley is losing its luster with young adults, as recent polling shows millennials are gearing up to leave the San Francisco area at an increased rate.

Hypur Enables B2B Payments For CBD eMerchants

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Electronic payments company Hypur, which targets the cannabis and hemp industries, has unveiled its online electronic payment solution for transactions within the hemp and CBD community.

How Banks Are Using APIs To Unlock Omnichannel Value

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A customer looking to open a new bank account is often in for a somewhat bumpy process. There are a lot of redundant forms and, in some cases, a few venue changes. For example, the process might start online, but then the customer is forced to visit a physical branch to verify their identity.

Mastercard Buys POS Financing Provider Vyze

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Mastercard has moved into point-of-sale financing with the acquisition of Vyze, a FinTech firm the payment card network calls an “an end-to-end platform that facilitates financing options for merchants’ customers at checkout.”.

Why AI Risk Tech And Banks Could Be A Match Made In Heaven

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While most CEO stories are about having founded a firm to solve a problem, Upstart CEO Dave Girouard and his team of former Google staffers actually started with a solution.

A Marketplace For Stolen Fingerprints Has Emerged

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Security researchers at Kaspersky Lab revealed at the Kaspersky Security Analyst Summit in Singapore that a dark net marketplace in which hackers are selling digital fingerprints has emerged.

Lawsuit Claims Lyft’s IPO Was Intentionally Overvalued

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Lyft is being sued by some investors who say the company exaggerated its market position during its IPO in March, which they say led to a shedding of stock value. Bloomberg reported there are two class-action lawsuits against the company, as well as against underwriters, officers and directors.

Payments Execs On 2019’s Payments Innovation Watershed

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One decade draws to a close, the next one looms. Only a few months into 2019, the year is already shaping up to offer a bit of a watershed in how we pay and how we get paid.

How Retailers Are Gearing Up For Contactless Payments Via mPOS

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With the use of contactless payments heating up around the world, small and mid-sized businesses (SMBs) and their solution providers have to prepare for their acceptance. Mobile point-of-sale (mPOS) terminals that are enabled for contactless have to meet certain specifications to gain EMVCo 3.0

Retail 279

Smart Agents Are AI’s DNA — Here’s Why

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Inspiration comes from anywhere and everywhere, and that goes for digital innovation in payments and commerce.

Online Lenders Prepare For A Recession

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Online lenders in the U.S. including LendingClub , Kabbage , and Avant are gearing up for a slowdown in the economy and are taking a look at their risk exposure as they prepare for what they see as the inevitable.

Online 253

How FinTech Firms Are Tackling Africa’s Agriculture Challenges

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FinTech firms are tackling everyday challenges across Africa by digitizing payments and providing increased transparency. Cellulant ’s Agrikore and Tingg Marketplace offerings, for instance, seek to take on the continent’s food struggles.

Why Small Business Owners Should Always Have An Exit Strategy

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Hundreds of thousands of new small businesses (SMBs) open their doors every year in the U.S., be them physical or digital.

New Wire Fraud Scam Reroutes Direct Deposit Paychecks

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A new type of phishing scam targets the HR departments of companies and asks for reroutes on direct deposit accounts, CNBC reported. Once the changes are made, a paycheck will go directly into a criminal’s account.

Fraud 278

Coinbase Launches Crypto Debit Card In The UK

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Coinbase , the cryptocurrency exchange operator, announced Wednesday (April 10) the launch of the Coinbase Card in the U.K., which is a Visa debit card that lets customers in the U.K. spend crypto as easily as they spend money sitting in a bank account.

Cards 270

San Francisco May Be First City To Ban Facial Recognition

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The city of San Francisco moved a little closer to banning facial recognition software after adding amendments to the Stop Secret Surveillance ordinance.

World Bank, IMF Debut Private Blockchain And ‘Quasi-Cryptocurrency’

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The International Monetary Fund ( IMF ) and the World Bank are partnering up to launch a private blockchain and “quasi-cryptocurrency.”. The asset, “Learning Coin,” will be accessible only within the Washington-based multinational agencies.

Chase Rolls Out The Ability To Send Gift Cards From Its App

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Chase announced Monday (April 15) that customers are now able to send gift cards via the Chase Mobile app or website. In a press release , Chase said customers can choose from more than 60 leading retailers to easily send gift cards.

Cards 247

Bitcoin Daily: France Votes To Include Crypto In Insurance Contracts; VC Draper Could Team With Facebook For Crypto Venture

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The National Assembly of France has voted to allow local insurance companies to include cryptocurrencies in life insurance contracts.

SWIFT On Cybercrime’s Evolution Post-Bangladesh Bank Heist

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Headlines swirling around cyber fraud usually center on the size and scope of heists, where the bad actors make off with breathtaking sums — in the hundreds of millions of dollars.

Fraud 266

Standard Chartered Broadens Biz Banking Services Across Asia

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Standard Chartered is spreading the availability of some of its corporate financial services across Asia.

Tools 237

Klarna Launches Money Management Content Hub

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Furthering its mission to make payments easier for people so they can be financially healthy, Klarna , the U.K. payments company, announced the launch of Mindful Money, a digital content hub.

AlipayHK And McDonalds Hong Kong Team Up For In-App Payment

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AlipayHK, a mobile payment system in Hong Kong, has partnered with McDonald’s to offer payment on the McDonald’s app on smartphones, the company said in a release. AlipayHK users can also use a QR code-based system for special rewards.

How Digital Payments Could Help Rebuild Notre Dame Cathedral

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After much of Chicago burned to the ground in 1871, rebuilding the city involved various fundraising and restorative strategies. One famous effort took the form of donated books sent from common people (and royalty) in the U.K.

Which FI Dangers Lurk In Shadow Banking’s Shadows?

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Who knows what dangers lurk in the shadows? Specifically, who knows what dangers — for banks, at least — lurk in shadow banking, as FinTechs emerge to nibble at market share?

How 5G Could Be Rocket Fuel To Retail

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The race to 5G retail is on. The new, faster mobile network technology is a big part of the plans for many commerce and payments operators, even though specific use cases have been only slowly emerging as the technology and the devices to support it are deployed.

Retail 226

Ernst & Young, KPMG Reported To Danish Police For Money Laundering

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Danish operations of Ernst & Young (EY) and KPMG are now under investigation by Danish police related to money laundering cases. According to Bloomberg , EY is accused of failing to notify authorities when it discovered red flags related to the Danske Bank money laundering case.

Report 241

EY Secures Biz Transactions On Public Blockchains

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A new technology protocol announced by corporate accounting and auditing firm Ernst & Young (EY) aims to secure transactions made over public Ethereum blockchain.

The Cybersecurity Threat Of GDPR

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The General Data Protection Regulation (GDPR) represented a new phase in data security and EU regulators’ approach to it.

Google 255

It’s Always 5 O’Clock Somewhere: Distilleries Get Into Subscription Retail

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There’s nothing inherently wrong with such whiskeys as Jim Beam and Jack Daniels — they are a staple of blues, country and rock-and-roll songwriting, after all, and still have the power to soften the edges of a rough work week by the time Friday evening rolls along.

Retail 195

Wanted: Cybersecurity Aces — Mastercard, Partners Have A Plan

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Here’s a bit of heresy for 2019: Data’s not everything. Sure, data often gets called the oil of the digital age — and data, as a commodity, has an economic, political and cultural value as massive as all those hydrocarbons gathered from beneath the planet’s surface.

Mastercard: Building The ‘What’ Of Credit Card Rewards Around The ‘How’ Of Delivery

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It used to be all about the “what.”. Issuers designing credit card rewards programs focused on the features that would move that card to the top of the wallet: the most points, the best cashback, the coolest offers, you name it.

Cards 228

Is Uber The Next Decade’s Trillion-Dollar Platform?

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Uber filed its S-1 last Thursday (April 11), two weeks after Lyft went public. By close of business on Friday, Lyft’s stock was trading at $59.90 a share, 20 percent off its $75 high at the end of its first day of trading.

Amazon Adds Music Streaming For Prime Members

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Amazon has announced the launch of a new music streaming service for customers with Alexa. “Customers in the U.S.

BoA Zelle Transactions Up 103 Pct. In Q1 2019

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Bank of America (BoA) missed on revenue when it reported its Q1 earnings on Tuesday (April 16) and predicted net interest income would rise half as fast this year, both of which combined to send shares down 2.7 percent when markets opened this morning.

Report 226

China May Move To Ban Bitcoin Mining

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China could move to ban mining for bitcoins if a draft list of activities the country’s state planner wants to ban becomes law.

Amex Credit Card Delinquency Rates Flat In March

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American Express, the payments company, reported Monday (April 15) that credit card delinquency rates in March were flat with February, which should be welcome news as investors look for more signs the U.S. economy could be slowing.

Cards 231

Uber’s Long Payments Journey Toward Its IPO

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It’s been a long journey for Uber toward its initial public offering — and a big journey for payments, too.

G7 Gears Up To Prevent Cybercrime

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Western countries are gearing up to create cybers strategies aimed at preventing foreign countries like Russia and China from lodging internet attacks and manipulating social media to attack political systems.