Новости за 19.02.2021

In today’s top retail news, Abound landed nearly $23 million in a Series A funding round, while Kirkland’s, Inc. anticipates a comparable sales rise of 1.8 percent. Plus, Hermès posted a 12.3 rise in fourth-quarter sales. Wholesale Marketplace Abound Notches $22.9 Million in Series A Abound raised $22.9 million in a funding round headed up […]

A record number of patents were filed by Bank of America inventors, with 722 applications filed with the United States Patent Office last year, the most in the bank's history, the bank said in a Thursday (Feb. 18) press release. Although some 85 percent of BofA’s employees have been working remotely due to the coronavirus […]

In today’s top payments news around the world, Chinese healthcare company SPH Health Commerce has landed approximately $160 million in a Series B funding round, while The Singapore Exchange is reportedly considering listing blank-check companies. Plus, Signet Partners has invested an undisclosed amount in Singapore’s Grab. China’s Digital Hospital SPH Notches $159.7 Million Series B […]

The cryptocurrency craze has topped new records, with bitcoin’s market valuation surpassing $1 trillion, according to a CNBC report on Friday (Feb. 19). Bitcoin traded at almost $54,000 per coin on Friday, up more than 3 percent over the previous day and more than 350 percent over the past six months. Before this escalation, the […]

In this week’s news, we saw Amazon snapping up Selz in addition to new insight on crypto exchanges and credit unions (CUs). The Weekender is here to catch you up. News Venmo Expands General Availability Of Credit Card The Venmo credit card rolled out in beta mode for some customers in October, and all Venmo […]

Legislators in Virginia are supporting laws that would regulate digital consumer privacy protection in the state, the Associated Press (AP) reported on Friday (Feb. 19). The proposed law advancing in both chambers of the state legislature would give Virginia consumers elevated protection against having their online data absconded. The proposal falls short, however, of allowing people […]

Sometimes the headlines don’t tell the whole story. In the payments and commerce space right now the top stories, at a macro level, are about corporate intrigue (GameStop and Robinhood), new business models (buy now, pay later) and big retail (Walmart, Amazon). But dig a little deeper and the stories are about something deeply essential […]

In today’s top news, J.P. Morgan analysts say bitcoin’s price escalations do not represent a sustainable investment, and a ruling says Uber must treat its U.K. drivers as employees, not gig workers. Plus, Stripe is said to be valued at $115 billion. J.P. Morgan: Bitcoin Escalation Not Sustainable The recent price escalations of the digital […]

It’s an understatement to say that the pandemic has produced major operational changes for QSRs. Restaurants have been shifting their focus to digital, improving drive-thru and pickup options, and adopting new technologies to enable COVID-safe transactions. While these adaptations have been vital to businesses’ mid-pandemic survival, savvy QSRs are retooling more than just their operations. […]

Digital fraud has been on the upswing as the global health crisis continues, with losses due to pandemic-related scams like fraudulent Paycheck Protection Program (PPP) loans or the impersonation tax officials topping $100 million by August alone. These trends are expected to continue well into 2021, with fraudsters relying on automated attacks, synthetic identities and […]

We’ve seen it all before, right? Bitcoin at $20,000 seems so … 2020. We’re at $50,000 now and counting, and 2021 is barely a month and a half old. And next month, it may drop. The month after that, it may swing up again. It’s such a rapidly changing issue that even Nobel-prize winning economist […]

If there’s one trait that most business executives share, it’s a love of predictability. Volatility is an enemy of most banking professionals, but they sure have their share of it these days. And it used to be a sworn enemy of stockbrokers, but the recent Reddit GameStop drama and the emergence of special purpose acquisition […]

For all of the talk of accelerated digitization and modernization of the enterprise over the past year, corporates still face plenty of friction in their business-to-business (B2B) payment workflows. These pain points lurk anywhere in the payment cycle, impacting buyer-supplier relationships, reconciliation, cash allocation and everything in between. At the heart of many of those […]

Businesses waiting to get paid can face significant financial struggles, but immediate payment methods have helped cut out delays that saw firms waiting for checks in the mail or for funds to settle into bank accounts. Push payments sent over immediate transfer systems like the The Clearing House (TCH)’s Real-Time Payments (RTP) network can streamline […]

If there was one certainty that was the hallmark of the consumer’s propensity to spend, it was uncertainty. As the pandemic hit our shores with a vengeance, as businesses large and small were forced to close down, and as the unemployment rate spiked to double digits, banks, credit unions (CUs) and other financial services firms […]

Clubhouse, which acts as an audio app for people to listen to various speakers, has over 8 million downloads since its launch last year, according to a Thursday (Feb. 18) report from App Annie. The report credited the past year of the pandemic with its new ways of social interaction in the absence of physical […]

Digital payments and FinTech company Mogo has announced that its subsidiary, Carta Worldwide, will be expanding into the U.S., according to a press release. Carta plans to begin introducing new card products, including one to help quickly disburse both virtual and physical cards, the release stated. Another will help to simplify and boost expansion overseas, […]

Robinhood faces more legal troubles as a judge has refused to throw out a lawsuit alleging customers lost money during outages in March 2020, Bloomberg reported Thursday (Feb. 18). U.S. District Judge James Donato said the case had merits to go forward and that the customers had a concrete enough allegation. However, he pushed the […]

S&P Global Market Intelligence has said the "buy now, pay later" (BNPL) space will be worth $352 billion within four years — about a fourfold increase over its current size. S&P even thinks there’s a cautionary tale in there for legacy banks and that four-letter-word: disintermediation. We can’t concern ourselves with sunny prognostications at the […]

Beeline, which works in software solutions for sourcing and managing an extended workforce, has announced it is furthering its relationship with Brightfield through the rollout of a new service to tackle labor sourcing overspending via artificial intelligence (AI), according to a press release. The product will be called SmartBuyer and will aim to tackle the […]

Social shopping platform Personas Social has rolled out a bitcoin payment system, according to a press release. The company will now accept bitcoin payments for purchasing content on its Peeks Social platform. The release stated this will also come with identity verification which will require users to submit a photo ID and proof of address […]

Stripe is reportedly valued at $115 billion by investors in “secondary market” deals, according to a Forbes report, which noted that the amount is more than triple the $36 billion valuation the company garnered at the time of an April 2020 investment from venture firms. By comparison, a $115 billion valuation for Stripe would be […]

Deutsche Bank has introduced a modern payment system for its Thailand customers to support local collections via 2C2P, a payments platform provider in Southeast Asia. 2C2P is based in both Bangkok and Singapore and operates throughout Asia, the United States and Europe, according to a Thursday (Feb. 18) announcement. “This platform addresses emerging client needs […]

The everything-from-home economy has brought pain to the pump – and is forcing C-store (and other) operators to pivot. Earnings season has shown the ripple effects of the great digital shift. Simply put, we’re not on the road as much – not for work or for leisure – so filling the tank has become a […]

OneSource Virtual (OSV) is now providing employees with round-the-clock immediate access to their wages with the help of a payroll card, which is enabled by Money Network® from Fiserv, as a complement to its current earned wage access capabilities, according to a Thursday (Feb. 18) announcement. “Providing our customers with the ability to offer a Money […]