In today’s top news, Marqeta prepares for an IPO, and Punjab National Bank was defrauded $491 million by one of its customers. Also, WhatsApp Business announces QR codes and a catalog service.
Oakland, California-based issuer processor Marqeta, which is backed by Goldman Sachs, is preparing for an initial public offering (IPO) and seeking out investment banks for advice.
Punjab National Bank shares fell by nearly 6 percent late Thursday (June 9) after it was defrauded of $491 million by one of its customers. The failed loan was granted to mortgage lender Dewan Housing Finance Limited, which has faced its own financial troubles.
Facebook is expanding the capabilities of its WhatsApp Business messaging app, which the company says now has about 50 million users. Facebook introduced a service called WhatsApp Catalogs to help businesses find new customers and announced that it will let potential customers start chats with business using QR codes.
The investigation into Wirecard AG, the German electronic payment transfer company, has expanded to Ireland, as police have raided the company’s Dublin offices at the request of German authorities.
Quick-service restaurants (QSRs) must go the extra mile during the pandemic to build loyal customer bases with value-added personalized services, says Zipporah Allen, vice president of digital experiences at Taco Bell. In this month’s Mobile Order-Ahead Tracker, Allen discusses how QSRs can differentiate their mobile ordering and loyalty offerings while keeping fraudsters at bay.
The COVID-19 pandemic has consumers wanting to access telehealth services from the safety of their homes. But the idea of sharing personal health information with an online service is still novel to many consumers, says Sean Mehra, co-founder and chief strategy officer of HealthTap. In this month’s Digital Identity Tracker, Mehra discusses how swift digital ID verification can build confidence in such patients without the massive friction.
The pandemic is providing at least one bright spot for the economy — robust gains for the subscription business. PYMNTS’ Subscription Commerce Conversion Index, done in collaboration with Recurly, rose during July to its highest level in 15 months. Here are some of the reasons why players from Twitter to Jaguar to Walmart all want their own piece of the “sub comm” economy.