Send is gearing up for the pre-sale of a digital token that seeks to offer price stability, the company said in an announcement. Through a Send Consensus Network and a liquidity formula, the token keeps a stable reference price – and solves some of the...
Mary found the perfect deck furniture while shopping online. The process couldn’t have been easier: All it took was a quick search and a simple checkout to solve her summer entertaining problems. That is, until Mary saw in her order confirmation that she could expect...
FIs have to grapple with finTech upstarts, KYC mandates and eliminating “false positive” transactions, along with friction for the consumer. Breaking down silos within an FI, to contend with a more robust fraud environment, and trusting in trusted digital identities can be beneficial, as Identity...
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Welcome to Five at Five, your late look at payments and commerce news you might have missed. Today’s stories include details about Amazon’s new plans for India, Apple’s new Face ID setting and why Ant Financial is shifting focus. There is also news about the...
Millennials are finally moving out of mom and dad’s house and creating their own households, which has increased demand in the housing market. At the same time, supply has taken a hit due to a shortage of skilled labor. Rising mortgage rates and lumber prices...
Ride-hailing firm Grab, based in Singapore — which entered a deal to acquire Uber’s southeast Asia business in the first quarter — is reaching even farther into the region. The company said earlier this week that it would launch Grab Ventures, where it will invest...
For many big carriers contemplating the rise of low-cost, low-frill airlines like WOW air and Norwegian (which offer inexpensive flights across the Atlantic that generally and vastly undercut the cost of offerings the big, global players make), there is a feeling of concern at the...
Amid China’s crackdown on financial risk, Ant Financial is moving away from consumer finance and payments. Instead, it is honing in on technology services, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
