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Today In Payments Around The World: US Halts Tariffs On French Products; China Considers More Stringent Online Oversight

PYMNTS

In today’s top payments news around the world, the United States is halting tariffs on French products, while the Cyberspace Administration of China is considering a revamp of internet oversight regulations. The United States is scrapping an effort to place tariffs on $1.3

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India Is Now World’s Second Largest Smartphone Market

PYMNTS

India has overtaken the United States to become the world’s second largest smartphone market. According to news from a report by Canalys , smartphone shipments in India grew 23 percent year over year in Q3 2017 to reach just over 40 million units, making the country the world’s second largest smartphone market after China.

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Uber of X: greenRush is The Uber of Cannabis

PYMNTS

After it became illegal in the United States through the Marihuana Tax Act of 1937, the business of selling cannabis went mostly underground. Now that cannabis is recreationally legal in eight states and medically legal in another 19 states, it may not be too much longer until it’s legal through the entire United States.

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FinCEN Red Flags for Economic Impact Payment Fraud

Abrigo

While none of these typologies of fraud are new, FinCEN provides a few examples of the trending types of EIP-related criminal activities: Fraudulent checks: Criminals send potential victims fraudulent checks, instructing the recipients to call a number or verify information online to cash the fraudulent EIP checks.

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The Election That Misplaced Small Businesses

PYMNTS

Trade has been a big topic of conversation on the campaign trail, as have debt, taxes, wages, immigration and monetary policy. Businesses were not only unhappy to be facing the problem, but many owners across regions and political affiliations also noted marked discontent with the invisibility of the issue.

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State Farm Insurance Review: Optional Coverages & Discounts

MyBankTracker

Currently, State Farm has 1,356 complaints closed in the last three years and 450 complaints closed in the previous 12 months according to their BBB profile page. State Farm’s customer service can be handled online, with a local agent, or by calling the 24/7 customer service line. State Farm Auto Insurance Overview.

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Use Cases And Business Opportunities Stemming From Open Banking (4/4)

Lars Markull

In the past three blog posts, we have described what is driving open banking, the history of Open Banking, and the current status of Open Banking in different regions. Therefore, providers like FinLeap Connect or fino in Germany and ClickSwitch in the United States are offering „bank account switching as a service” to banks.