Новости за 04.04.2024

Commerzbank is updating its payments platform in Germany to execute cross-border payments. The bank will use the Swift network to process cross-border payments and the Target 2 or Euro 1 payment systems to process high-value and urgent payments, Commerzbank said in a Thursday (April 4) press release. To accomplish this, the bank is using PPI’s […]

A business-to-business (B2B) payment is never just a payment. The global B2B marketplace, with an annual payments volume over $100 trillion, is supported by a myriad network of workflows and data; many of which still rely on legacy, paper-based processes. And the inherent complexity of the operating ecosystem is scaled up to the Nth degree […]

Cross-border money transfer service Xoom now lets users make transactions with PayPal’s USD stablecoin. Xoom, owned by PayPal, said in a Thursday (April 4) press release that the new funding option lets users in the United States convert the stablecoins (PYUSD) in their linked PayPal Cryptocurrency Hub to U.S. dollars. They can then use it to fund transactions to recipients […]

Many small and medium-sized businesses (SMBs) adhere to lean business practices where decisions to borrow money must be weighed against an array of factors including objectives, revenue levels, cash flow and expenses. This is likely why SMB executives tell PYMNTS Intelligence that what they look for most when considering borrowing options is flexibility. But flexibility […]

The Clearing House’s RTP® Network has seen growth in both transaction volume and value in 19 out of the last 20 quarters, dating back to 2019. Both metrics are growing 15% per quarter, on average, The Clearing House said in a Thursday (April 4) press release. “RTP transaction volume is driven by customers who want instant, convenient ways […]

India-based “hyperlocal marketing-to-commerce” firm SingleInterface raised $40 million in new funding. The funding round was led by Asia Partners, with participation by PayPal Ventures, according to a Thursday (April 4) press release. Founded by entrepreneurs Tarun Sobhani and Harish Bahl, the company works with brands in India, Southeast Asia and the Middle East to help them manage the digital presence of their brick-and-mortar stores, […]

The fraudsters are wilier than ever. The dark web offers all manner of details up for sale, from email addresses to Social Security numbers. And for banks, the key point of interaction — the initial onboarding of clients — requires a re-examination of the data used to identify and verify individuals and enterprise clients. As […]

The Consumer Financial Protection Bureau (CFPB) is monitoring video games and virtual worlds to ensure their compliance with federal consumer financial protection laws. This monitoring comes as a growing number of these platforms add banking options and payments, and as the CFPB receives more complaints from consumers, the agency said in a Thursday (April 4) […]

Traditional wealth management services often involve face-to-face interactions with financial advisors, extensive paperwork and opaque fee structures, making the process daunting for many potential investors. However, the digital age has brought about significant shifts in consumer expectations and demands, prompting the industry to adapt and innovate to remain relevant. Enter open banking — a concept […]

Regulators in Singapore have given a license to cryptocurrency market maker GSR Markets. As Bloomberg News noted in a report late Wednesday (April 3), the move is a rare one for the digital asset space, where liquidity providers such as GSR still — in most cases — function without regulatory permits. Xin Song, CEO of GSR Singapore, said […]

As grocers look for ways to make the economics of eCommerce work in their favor, some key players are finding that in-house delivery fulfillment may not be worth the cost. Most recently, multinational grocery giant Ahold Delhaize’s Giant Food brand is making the shift at one of its eCommerce facilities in central Pennsylvania, PennLive reported, continuing to pick and pack […]

Streaming audio platform Spotify named a new chief financial officer. Christian Luiga is joining Spotify from Saab AB, a European defense and security company, where he served as deputy CEO and finance chief, the Swedish company announced in a news release Thursday (April 4). Before that, Luiga held leadership roles, including CFO and acting CEO and president at European telecommunications […]

Binance’s head of financial crime compliance, Tigran Gambaryan, appeared in court in Nigeria for the first time Thursday (April 4). Gambaryan, who is a U.S. citizen, was served with charges and did not take a plea, Reuters reported Thursday. Gambaryan, another Binance executive and the cryptocurrency exchange itself have been charged with four counts of tax evasion, as […]

Zebra Technologies announced a partnership with Google Cloud, Android and Qualcomm. The collaboration involves using generative artificial intelligence to improve employee productivity, with capabilities that will be previewed next week at the 2024 Google Cloud Next in Las Vegas, according to a Thursday (April 4) press release. “The aim of this approach is to reduce the cognitive load on front-line […]

The technology, government and financial sectors made the greatest number of job cuts during the first quarter. Across all industries, U.S. employers announced 257,254 job cuts during the quarter, Challenger, Gray & Christmas said in a Thursday (April 4) press release. That total was up 120% from the 117,163 cuts announced in the previous quarter […]

Klarna is reportedly sending fewer British customers to debt collectors after introducing late fees. The share of accounts in the United Kingdom using the Swedish company’s pay-in-3 buy now, pay later (BNPL) service that were later handed over to collections was at 0.84% last year, down from 1.95% two years prior, Bloomberg reported Thursday (April 4), citing company […]

Digital transformation is no longer just a business strategy — it’s an operating model that nearly the entire global business world is running on. And the realities of today’s digital landscape are changing the calculus around cybersecurity and engineering resources for firms, be they mid-size domestic businesses or sprawling multinationals. This, as the U.S. Cyber […]

As inflation persists, so does sticker shock. For merchants seeking to close the sale, financing offered at the point of sale — before the purchase is made — can help boost revenues. PYMNTS Intelligence found that when shoppers think about what to buy, more than 60% said price is a factor in that choice. More than 40% […]

Embedded banking firm ClearBank is reportedly planning to expand into Europe and the U.S. Charles McManus, the British firm’s CEO, told Bloomberg News Thursday (April 4) that the company has applied for a banking license in the Netherlands, and is considering launching in the U.S. by 2026, possibly through an acquisition. For the moment, the […]

Corporate wellness platform Gympass rebranded as Wellhub to reflect its expanding range of services. Previously focused on gym memberships, the platform now has partners in the fields of fitness, mindfulness, therapy, nutrition and sleep, the company said in a Thursday (April 4) press release. “By offering a single platform for all-in-one wellness, Wellhub drives employee engagement, increases productivity […]

Russia says the country’s Apple users don’t have full access to payments and banking services. As Reuters reported Thursday (April 4), Russia’s antitrust regulator, the Federal Antimonopoly Service (FAS), has written to Apple about the issue. The report notes that the FAS has fined Apple $26 million in the last two years, alleging the company abuses its dominant […]

How far will $100 go at the supermarket? Not as far as in 2019. While food inflation has slowed in recent months, costs continue to climb at the grocery store, The Wall Street Journal (WSJ) reported Thursday (April 4). It analyzed NielsenIQ data on various commonly purchased goods that were valued at a total of $100 five years ago. […]

The battle against the $101 billion returns fraud problem has reportedly taken a new turn. It involves sellers on Amazon sending off their wares, only to get “returns” that are in some cases literally junk, The Wall Street Journal (WSJ) reported Thursday (April 4). For example, there’s Barbara Boschen, who sells household products but has gotten back TV cable […]

If you’re the proprietor of one of the 33 million small businesses in the U.S., odds are you have two pressing needs: Working capital and data. And those 33 million businesses are part of one of the economy’s fastest-growing sectors. According to the U.S. Census Bureau, the number of applications filed to start new businesses has […]

Trustly and Cross River Bank have expanded their collaboration in instant payments to include the FedNow® Service. With this addition, Trustly’s merchants will benefit from new capabilities to optimize the routing of funds instantly via Cross River’s application programming interface (API) endpoint, the companies said in a Thursday (April 4) press release emailed to PYMNTS. “With Cross River, we […]