Today in the payments news roundup, Stripe is rolling out its offerings in eight new European countries. Also, the new iPhones and the rest of Apple’s fall lineup of devices will finally get their introduction when Tim Cook and company hit the stage today. And One97 Communications, Paytm’s parent, reportedly posted $549 million in net losses for the fiscal year concluding in March.
The new iPhones and the rest of Apple’s fall lineup of devices got their introduction when Tim Cook and company hit the stage in Cupertino today. The world had a pretty good idea of what the morning would look like in broad strokes, but some fun speculation swirled with the annual rumors about an Apple Car.
Stripe is launching its offerings in eight new European countries: Greece, Lithuania, Latvia, Estonia, Poland, Portugal, Slovakia and Slovenia can now start accepting payments in more than 130 currencies from anywhere in the world.
One97 Communications, Paytm’s parent, reportedly posted $549 million in net losses for the fiscal year ending in March. Losses widened 165 percent over last year’s loss of $206 million in the same period. Paytm, however, will reportedly still invest $3 billion in its business over the next two years and is planning to go public.
Businesses that don’t comply with know your customer (KYC) and anti-money laundering (AML) regulations chance major regulatory fines and irreparable damage to customer relationships when something goes wrong. As a result, companies must either invest in teams of AML specialists or fraud-fighting technologies. The September AML/KYC Tracker takes a look at the latest fraud challenges and efforts to ensure tight security and compliance.
While the B2B payments discussion often centers around innovators’ efforts to kill the check, just introducing an electronic alternative to paper checks is not enough to terminate this sticky and popular payment method. Today, some of the industry’s biggest players will converge in New York City at this year’s PYMNTS B2B Payments Executive Forum, with Visa as presenting sponsor.