News

B2B Payments
Saying ‘I Do’ Goes Virtual
June 22, 2020

For those who planned their weddings for the spring or summer of 2020, it has doubtlessly been a rather stressful last few months, as the outbreak of a global pandemic arose and messed with everyone’s plans. Get the Full Story Complete the form to unlock...

Retail
Why Cashierless Tech Means Cutting The Line And Reducing Theft
June 22, 2020

Raz Golan, CEO of Israeli-based mobile checkout company Shopic, says his company started out with the mission of shortening lines in grocery stores — a crowded space in and of itself these days. But with a recent $7.6 million in funding, the startup is on track...

B2B Payments
HSBC Hong Kong Announces New API For Instant B2B Payments
June 21, 2020

HSBC Hong Kong‘s new application programming interface (API) will simplify the payment system for businesses down to a one-stop payment hub, a press release says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Security & Fraud
Philippines Central Bank Says Wirecard Deposits Never Made
June 21, 2020

The Philippines central bank cast doubt on Wirecard AG’s assertion that the Munich, Germany payment processor deposited 1.9 billion euros ($2.1 billion) into two banks in the island nation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

B2B Payments
Chesapeake Bank Joins The Clearing House’s RTP Network
June 21, 2020

Virginia’s Chesapeake Bank has joined The Clearing House’s Real-Time Payments (RTP) network, showing that smaller community banks have joined the new trend of enabling instantaneous payments and receipts for customers, a press release said. The move will also allow the bank to access advanced messaging capabilities....

Social Commerce
Forget Twitter And Instagram, Big Brands Are Moving To TikTok
June 20, 2020

We’ve all heard the phrase “sing for your supper” — an allusion to days of yore where minstrels traveled the land. The best way for them to get the local nobleman to offer up a meal and a place to stay for the night was to butter...

Payments Innovation
PayID Attempts To Legitimize Crypto Payments At Scale
June 19, 2020

Universality is, well, universally, desired in business — particularly when it comes to technology and especially when it comes to person-to-person (P2P) payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

B2B Payments
Profile Software Unveils FX Risk Management Tool
June 19, 2020

In an effort to provide complete management of foreign exchange risk, financial solutions provider Profile Software rolled out its Acumennet eFX offering. The technology was created to help bank agents, digital channels, branches and customers handle their foreign exchange risk in an effectual as well as...

Norway’s Coronavirus Rules Hurt Sales At Swedish Mall
June 19, 2020

Norway celebrated this week as it reopened its borders to the rest of the Nordic region. 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 our daily...