News

B2B Payments
73% of Independent Contractors Would Switch to Freelance Marketplace for Better Payment Experience
February 09, 2022

Delayed payments can strain companies’ working relationships with independent contractors. These late payments can impact the freelancers’ financial health and strain their trust in the partnering company. As this may lead the independent contractors to seek job opportunities elsewhere, it can create retention problems for...

Payment Methods
Clik2pay Rolls Out Small Business-Focused Mobile App
February 09, 2022

Payments provider Clik2pay has launched a free mobile app to allow merchants to collect money from consumers when they pay for their purchases securely and directly from their bank accounts, according to a Wednesday (Feb. 9) press release. Get the Full Story Complete the form to unlock...

Artificial Intelligence
Democrats Propose Artificial Intelligence Rules
February 09, 2022

Three U.S. lawmakers have introduced a measure that pledges to bring transparency and regulation to the software, algorithms and other automated systems designed to make critical decisions about many aspect of Americans’ lives, according to a Feb. 3 announcement. Get the Full Story Complete the...

Biometrics
Biometrics Firm Drops Facial Scan Proviso From ID Verification Software
February 09, 2022

Biometrics firm ID.me is dropping the facial recognition component of its identity verification software used by a host of states and federal agencies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Mobile Payments
Facebook Unveils Split Payments For Messenger
February 09, 2022

Facebook has officially launched split payments for Messenger, two months after saying it was testing the new feature. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

Regulation
Capitol Hill Lawmakers Threaten to Probe GoFundMe After Trucker Fundraiser Shuttered
February 09, 2022

Citing potential violation of federal law by GoFundMe Inc., GOP lawmakers have called for an investigation into the crowdfunding platform’s decision to withdraw a page accepting donations in support of protesting truckdrivers in Canada. Get the Full Story Complete the form to unlock this article and enjoy...

Investments
NFT Creator Animoca’s Funding Round Nears $500M With KKR Involvement
February 09, 2022

Private equity company KKR & Co. is in talks to join the latest fundraising round for Hong Kong-based metaverse gaming company Animoca Brands Corp., bringing the effort near $500 million and the company’s pre-money valuation to $5 billion, insiders told Bloomberg Wednesday (Feb. 9). Get the...

Regulation
UK Competition Watchdog Designates Amazon as ‘Grocery Retailer’ to Protect Suppliers
February 09, 2022

As a result of Amazon’s increasing activity in the U.K. grocery sector, Britain’s Competition and Markets Authority (CMA) announced in Wednesday (Feb. 9) statement that it has designated the eCommerce giant and its U.K. subsidiaries under the Groceries Market Investigation Order. Get the Full Story...

Regulation
SEC Advisor: Regulator Should Listen to the Crypto Community and Open Debate
February 09, 2022

As a panel member that advises Securities and Exchange Commission (SEC) Chairman Gary Gensler, Associate Professor J.W. Verret of the Antonin Scalia Law School at George Mason University has more than a passing interest in regulating cryptocurrencies. Get the Full Story Complete the form to unlock...