In today’s top news, Oracle and Swift team up to provide fast cross-border payments, and House Democrats are advocating for big changes to Big Tech. Plus, Macy’s invests in buy now, pay later (BNPL) provider Klarna.
Oracle Banking Payments announced Wednesday (Oct. 7) that it is supporting SWIFT’s latest service to speed effortless global cross-border payments for small and medium-sized business (SMB) and consumer markets.
House Democrats have decided that Big Tech companies Google, Amazon, Facebook and Apple have monopoly-style power, and changes need to be made to rein them in, including potentially splitting up the companies in question or making it more difficult to acquire smaller companies.
Macy’s Inc. has become an investor in international payments and shopping service Klarna. The BNPL firm will provide Macy’s shoppers the option to pay in four equal, interest-free payments at eCommerce checkout.
Ripple Executive Chairman Chris Larsen threatened that his company might leave the U.S. if the country's cryptocurrency regulations aren't changed. He called the country's stance toward cryptocurrency hostile at the LA Blockchain Summit on Tuesday (Oct. 6).
Today’s online consumers don’t expect to have to choose between speed and security. In the latest Digital Consumer Onboarding Tracker, Ryan Wuerch, CEO and founder of cash-back platform Dosh, explains how pairing familiar authentication tools, such as email and text-based verification, can help retailers keep customers satisfied during signup and get them transacting quickly.
Many smaller U.S. businesses are still tied to paper-based payments even as they wrestle with the pandemic’s impacts. But Melio CEO Matan Bar tells Karen Webster that payments flexibility is key in helping SMBs navigate challenges — and improve cash flow, which is the lifeblood of all companies regardless of size.
Invites for Apple’s second big digital event this fall, hosted out of Cupertino, are officially out in circulation, according to reports, where Apple is expected to release the iPhone12 at the “Hi, Speed” event going live next week on Oct. 13.