Sun.Sep 12, 2021

S. Korean Crypto Traders Expect New Market Rules to Cause $2.6B in Losses

PYMNTS

South Korea’s Financial Services Commission regulatory agency is toughening rules for cryptocurrency exchanges, and the move could cost traders $2.6 billion or more, the Financial Times (FT) reported. The regulatory body issued a press release Sept.

CBDCs and bitcoin will co-exist for now

Daily Fintech

A couple of months ago, El Salvador became the first nation to adopt bitcoin as legal money. On Tuesday, companies like McDonald’s and Starbucks began accepting bitcoin, making it possible to use the cryptocurrency for everything from purchasing a cup of coffee to paying taxes.

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Amazon Eyes Streaming Deal for the NFL Sunday Ticket Games

PYMNTS

Amazon is among contenders for the rights to the NFL's "Sunday Ticket" programming package, CNBC reported, citing anonymous sources. The league wants up to $2.5 billion annually for the package on which DirecTV has been losing money for 27 years, CNBC reported.

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CFPB small-business data plan scares banks. Activists say it should.

American Banker

Small business banking Politics and policy

Data 65

The Importance of PCI Compliance and Data Ownership When Issuing Payment Cards

This eBook provides a practical explanation of the different PCI compliance approaches that payment card issuers can adopt, as well as the importance of both protecting user PII and gaining ownership and portability of their sensitive data.

China to Split Loan Business From Alipay, Calls on Ant Group to Turn Over User Data

PYMNTS

Beijing is angling to break up the super-app Alipay in order to make a new app for the company’s 1 billion-plus-user loans business, a report says. This would make the most visible restructuring yet for the giant as China aims to crack down on monopolistic tech behavior.

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More Trending

Central Banks Eye the CBDC Catch Up Game

PYMNTS

There’s always deep debate about how best to promote innovation in the tech space – particularly when it comes to payments. The debate boils down to whether that innovation is best fostered through the efforts of the private sector or publicly-led initiatives from regulators and legislators.

Machine Driven Marketing: The Future of Ethical AI and Digital Banking

The Financial Brand

The promise of artificial intelligence won't be realized if financial institutions don't address issues of data relevance and quality. The post Machine Driven Marketing: The Future of Ethical AI and Digital Banking appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

Billogram Closes $45M Round for Digital Invoicing Expansion

PYMNTS

Billogram, a digital invoicing platform, has closed a funding round with $45 million from investor Partech, according to a press release emailed to PYMNTS. The company was founded in Sweden in 2011 to digitize paper invoices.

Banks Are Arming to Win the Digital Lending War With Fintechs

The Financial Brand

Increasing demand for digital loans and faster decisions is changing the face of consumer lending. The post Banks Are Arming to Win the Digital Lending War With Fintechs appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

Make Payment Optimization a Part of Your Core Payment Strategy

Everything you need to know about payment optimization – an easy-to-integrate, PCI-compliant solution that enables companies to take control of their PSPs, minimize processing costs, maximize approval rates, and keep control over their payments data.

Google Pay Plans Israel Debut by Year's End

PYMNTS

Google Pay is setting up for a launch in Israel by the end of 2021, The Jerusalem Post reported. This follows the successful launch of Apple Pay there previously. Earlier in September, Google Pay signed similar agreements with Bank Leumi as well as the Max credit card unit.

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One Fintech’s Plans Reveal How BNPL Could Spread Further Into Banking

The Financial Brand

An inside look at what makes 'buy now, pay later' so hot, from revenue streams to funding – from the perspective of market leader Sezzle.

In-Restaurant Dining Starts to Shut as Delta Variant Cases Increase

PYMNTS

Restaurants have been putting the brakes on reopening their dining rooms due to the delta variant of COVID-19, which has thrown a wrench into recovery plans after over a year of coping with restrictions and consumer worries, The Wall Street Journal (WSJ) reported.

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Why Are So Many Credit Unions Now Buying Banks?

The Financial Brand

Cross-industry acquisitions, once rare, have shot up under the pressure to grow. Policy issues threaten to quash the trend. The post Why Are So Many Credit Unions Now Buying Banks? appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

Reaching Unreachable Candidates

Speaker: Patrick Dempsey and Andrew Erpelding of ZoomInfo

What is ZoomInfo for Recruiters? Find and connect with the right talent to fill roles fast with more data, basic search, advanced search, candidate and company profiles, and export results. Watch this On-Demand Webinar today to see how ZoomInfo for Recruiters can work to get your talented candidates results.

Blue Shield of California, Walgreens Partner on Personalized Healthcare Solution

PYMNTS

Some Golden State residents covered by Blue Shield of California will be offered limited healthcare services at Walgreens locations under a newly announced arrangement between the two companies, according to a press release.

DivideBuy Snags $415M Growth Investment

PYMNTS

buy now pay later (BNPL) provider DivideBuy has nailed down a 300 million pound (almost $415 million) investment that it plans to use to continue to fuel its growth, according to a press release.

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US Eyes Probe of Stablecoins' Financial Risk as Treasury Dept. Studies Pros, Cons

PYMNTS

The U.S. Department of the Treasury is looking into both the risks and benefits of stablecoins, Reuters reported. Stablecoins are a widely growing cryptocurrency type with values pegged to traditional currencies.

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Norway's Visma Considers 2023 IPO

PYMNTS

Norwegian software service firm Visma 's leadership is eyeing a potential 2023 initial public offering, a spokesman told Reuters. “We We are considering an IPO during 2023, of course given that market conditions are favorable.

Going to Market Smarter in the New Economy

In 2021, as companies continue to move more functions online, employees will take a more virtual -- and flexible -- mindset and lifestyle in parallel to the digitization of businesses. To succeed, you must change the way you conceive and build new products as a digital business. Download the report today to discover more!

Papaya Global Raises $250M Toward Onboarding, Cross-Border Pay

PYMNTS

Tel Aviv-based payroll and payroll management platform Papaya Global has raised $250 million in a new funding round, The Times of Israel reported. The company is now valued at $3.7 billion, according to the report.

Micropayments Network pingNpay to Debut in 2022

PYMNTS

A London-based blockchain-based micropayment network called pingNpay has exited stealth mode, with its leadership announcing it will be operational in 2022, according to a press release emailed to PYMNTS.

Bitcoin Daily: El Salvador's Bancoagricola Now Takes Crypto for Loan, Credit Card Payments; Miami's SCOPE Art Show Sells Tickets as NFTs

PYMNTS

Bancoagrícola, the largest El Salvadorean bank, is accepting bitcoin for loans and credit card payments, The Block reported. Customers can also use cryptocurrency to pay for goods and services connected to the bank’s payments gateway.

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China's Regulator Orders Tech Companies to Open 'Walled Gardens'

PYMNTS

A China regulator has told tech giants Alibaba, Tencent and others to stop blocking one another’s website links on their respective platforms, Reuters reported.

The Forrester Wave™: B2B Marketing Data Providers, Q2 2021

In our 24-criterion evaluation of B2B marketing data providers, we identified the 11 most significant vendors — Data Axle, Dun & Bradstreet, Enlyft, Global Database, InsideView, Leadspace, Oracle, SMARTe, Spiceworks Ziff Davis, TechTarget, and ZoomInfo Technologies — and researched, analyzed, and scored them. This report shows how each provider measures up and helps B2B marketing professionals select the right one for their needs.

UK to Drop Proof of Vaccination, May Also Forego Testing of Returning Travelers

PYMNTS

The U.K. has done away with its calls for vaccination proof, Bloomberg reported. The nation is dropping its plans to require proof of vaccinations to enter some venues. It is also considering getting rid of compulsory testing for returning travelers, the report stated. This comes as the U.K.

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NFT Marketplace OpenSea Sees Sales Volume Drop 50% in First Week of September

PYMNTS

Nonfungible token (NFT) marketplace OpenSea saw a decline in activity over the past week that was anything but a token slip, according to decentralized application tracker DappRadar.