Thursday , October 22, 2020

Uncategorized

October, 2020

  • 20 October

    Managing Sanctions Compliance in a Global Economy: Deploying Real-Time Watch List Screening

    In today’s global economy, opportunities for growth are often accompanied by an increasingly complex landscape of rules, regulations and compliance issues. Since compliance is now an element of everyday business operations, businesses must employ a measured, holistic program with several key components, including real-time watch list screening. Through new technology, …

August, 2020

  • 28 August

    Small-Business Payments Provider Bill.com Logs Double-Digit Gains in Volumes

    Payments volumes for small and mid-size businesses are growing at a quick pace, if the latest information from cloud-based payments-technology company Bill.com Inc. is any indication. The 14-year-old Palo Alto, Calif.-based company processed $25.4 billion in payment volume in the June quarter, fully 26% above the volume handled in the …

  • 27 August

    You’ve Heard How Consumers Have Turned to Online Channels. Now the Numbers Show It

    It’s become a common assertion in the payments business that consumers are turning to online sites for shopping as they contend with the various impacts of Covid-19. Now government data indicates just how well-founded that assertion is. E-commerce dollar volume in the second quarter totaled $211.5 billion, up 32% from …

  • 27 August

    A Covid-Inspired Push for Embedded Payments Helps Spur Four-Fold Growth for Finix

    With more independent software providers and financial-technology companies embedding payment capabilities in their applications, Finix Payments Inc., a provider of payment applications, has seen its transaction volume jump more than fourfold from the second quarter of 2019 through the second quarter of 2020. Key drivers of the growth include a …

  • 27 August

    Klarna Sees Both Online And In-Store Volumes Grow as the U.S. Market Looms Large

    Online volume has soared for Klarna AB but the Swedish payments company’s efforts to go into physical stores are also bearing fruit, the company reported early Thursday. Klarna, which offers consumers the opportunity at checkout to extend payments over time, reported its “in-store proposition” is now active in 10 geographic …

  • 27 August

    Bill.com Teams With Keybank And Other Digital Transactions News From 8/27/20

    Cloud-based business software provider Bill.com has teamed with KeyBank to launch Key CashFlow, an online-banking facility that streamlines payments for small businesses.Point-of-sale installment lender Affirm Inc. said it is working with David’s Bridal to allow brides to pay for their wedding gowns with payments over three or six months at …

  • 26 August

    Visa Leverages Artificial Intelligence for Smarter Stand-in Processing

    Refused transactions are frustrating enough for cardholders and merchants, but during a pandemic they could be especially nerve-wracking. Visa Inc. on Wednesday announced a new service for stand-in processing that the payments network says should yield faster and more accurate results when issuers’ systems are down. The new Smarter STIP …

  • 24 August

    MagicCube Looks to Expansion as Contactless Grows And Fresh Investment Pours in

    With the Covid-19 pandemic accelerating consumer use and merchant acceptance of contactless cards, technology companies are scrambling to exploit new opportunities stemming from the trend. One technology that could get a boost is software that can turn any off-the-shelf smart phone into a payment-acceptance device, a development the major card …

  • 23 August

    Amid Covid-19, Fintechs Use Debit to Boost Their Lending, Savings, And Investing Apps

    With underbanked consumers and gig workers looking for financial products to help them track spending, create savings, and manage debt, many financial-technology companies are layering debit products onto their core application to attract and retain customers. A driving force behind fintechs’ growing fondness for debit is that it is a …

  • 20 August

    Digital Payments Strengths Help Adyen Weather the Pandemic

    Executives at Adyen N.V. maintained an upbeat tone Thursday in the face of a global coronavirus pandemic that has shut down many businesses, thrown consumers out of work, and upended shopping habits. “Our business has proved itself resilient despite the impact of the pandemic,” said Pieter van der Does, chief …

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