News

Biometrics
Companies Lean on Biometrics, Machine Learning to Stay ‘One Step Ahead’ of Fraudsters
September 14, 2022

Wessel Matthee, information security compliance manager at Entersekt, told PYMNTS that through the past few years, there’s been a shift in the ways in which fraudsters try to steal personally identifiable information (PII). Phishing scams were the lure of choice before the pandemic, he said....

eCommerce
Jeter’s Card Trading Platform Faces Glut of Cards and Competitors
September 14, 2022

For baseball megastar Derek Jeter, will the digital platform for trading cards be boon or bust, home run or strikeout? Much depends on the scarcity volume, and scarcity value, of the cards themselves. Supply and demand, after all, govern pretty much everything in business. As...

Digital Banking
YAP CEO Says Collaboration, Not Competition, Creates More Wins for MENA Neobanks
September 14, 2022

Unconstrained by legacy systems, decades-long financial commitments and the obligations of a full banking license, digital banking apps are shaking things up and introducing a seamless, cost-effective, and flexible way of accessing financial services that continues to threaten the once dominant incumbent model. Related: The...

Regulation
U.S. Sen. Graham Mulls Licensing Social Media Platforms
September 13, 2022

U.S. Sen. Lindsey Graham, R-S.C., who has been oft-critical of social media companies, said he wants to regulate and maybe license the companies, including big names like Meta’s Facebook or Twitter, Reuters wrote. Graham said he’s working on a measure with Sens. Elizabeth Warren (D-MA)...

Fintech Investments
Deluxe, UK Trade Dept Team on Cross-Border Innovation
September 13, 2022

Deluxe, which works in payments and business technology, has hosted 10 British FinTech companies to help promote collaboration and innovation in financial and business services, a press release said. Deluxe helps businesses grow and can work with businesses at any stage of their life cycles,...

Investments
Lease-to-Own FinTech Kafene Nets $18M to Expand Team
September 13, 2022

Lease-to-own (LTO) FinTech company Kafene has raised $18 million in a Series B funding round and will use the new capital to help more merchants offer LTO financing to underserved consumers. Kafene’s platform is used by merchants at the point of sale to offer consumers...

Point of Sale
India’s DASH Platforms Offer Cashfree Payments POS to Merchants
September 13, 2022

Payment and application programming interface (API) banking solutions company Cashfree Payments is supplying its point-of-sale (POS) solution to go-to-market platform for brands DASH, enabling DASH to manage payments from 2,000 merchants in India’s semi-urban Tier-3 areas. The POS solution called softPOS converts Android phones into...

B2B Payments
Today in B2B Payments: 3 B2B Marketplaces Add Solutions
September 13, 2022

Today in B2B payments, JOOR adds a B2B payments tool, Taiwantrade.com aims to build an “intelligent mobile ecosystem” and Indeal looks to solve challenges commonly encountered by businesses in Saudi Arabia. Plus, Payhawk launches its spend management solution in the U.S. and now serves 32...

B2B Payments
Maxio Launches Billing, Financial Operations Solution for SaaS Firms
September 13, 2022

Billing and revenue management solutions provider Maxio has launched a one-stop solution that unifies financial operations for software-as-a-service (SaaS) companies. By providing a single point of truth for all of a company’s SaaS billing and financial operations needs, the platform helps SaaS brands eliminate complexity...