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 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.
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.
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 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.
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.
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.