Top News In Payments: Amadeus Teams With Visa’s CyberSource; CitiConnect Processes Over 157M API Calls

Top News In Payments

Today in the payments news roundup, travel technology firm Amadeus is teaming with Visa’s CyberSource to bolster anti-fraud measures for the industry. Also, Netflix turned 22 on Thursday (Aug. 29). And Citi’s application programming interfaces (APIs) for corporate treasury have processed more than $26 billion for enterprise clients.

Citi Banks On API Calls To Make Treasury Ops Real Time

Citi said this month that its corporate treasury application programming interfaces (APIs) and platforms have processed over $26 billion for enterprise clients less than three years after the November 2016 rollout of APIs via CitiConnect. The CitiConnect platform has processed over 157 million API calls since its launch.

Trending: Merchants Struggle With The (Un)Certainty Of eCommerce Sales Taxes

In a PYMNTS interview with Karen Webster, Amit Mathradas, president and chief operating officer of Avalara, discusses how eCommerce firms (particularly smaller ones) are navigating a tax collection environment that increasingly needs technology and automation to ensure compliance.

India Restaurants Resist Food Apps

Restaurants in India are fighting back against restaurant delivery apps such as Zomato, Uber Eats and Swiggy, saying the apps are too centered around customers. Some of the restaurants have joined a movement with a popular social media hashtag of #logout.

Square’s Loss Of Key Customer Concerns Wall Street

Square Inc. is causing ripples of concern on Wall Street as rivals closes in and one of its customer walks. Now that Square has lost the Danish company Joe & the Juice, Wall Street is reportedly worried about competition for larger sellers.

As Netflix Turns 22, Questions Remain About Subscriber Loyalty

Netflix turned 22 on Thursday (Aug. 29). The trends sparked largely by this company since 1997 have led to new areas of commerce, new opportunities for payments and even potentially existential threats to Netflix in the months to come.

Amadeus Taps Visa’s CyberSource For SCA Compliance

Travel technology company Amadeus is teaming with Visa’s CyberSource to bolster anti-fraud measures for the travel industry. The firm said in an announcement Thursday (Aug. 29) that the tie-up will combine the payment, customer authentication and fraud management capabilities of CyberSource with Amadeus’s reach in the travel sector to link industry players with fraud as well as payment solutions.



Digital transformation has been forcefully accelerated, but how does that agility translate into the fight against COVID-era attacks and sophisticated identity threats? As millions embrace online everything, preserving digital trust now falls mostly on banks and FIs. Now, advances in identity data and using different weights on the payment mix afford new opportunities to arm organizations and their customers against cyberthreats. From the latest in machine learning for fraud and risk, to corporate treasury teams working in new ways with new datasets, learn from experts how digital identity, together with advances like real-time payments, combine to engender trust and enrich relationships.