In today’s top news, Amazon has denied reports that it would soon be accepting bitcoin payments, and Goldman Sachs and Fiserv have teamed up to streamline cross-border supplier payments. Plus, Tether’s bank fraud probe signals larger regulatory ripple effects for the stablecoin industry.
Amazon Refutes Rumors Of Bitcoin Acceptance For Payments
Amazon is refuting claims made by a London newspaper that said the eCommerce behemoth would start accepting payments in bitcoin before the year is out. London’s City AM newspaper also reported that the company could introduce its own virtual currency in 2022. An Amazon representative denied the claims.
Goldman, Fiserv Team On Cross-Border Supplier Payments
Goldman Sachs and financial services company Fiserv have teamed on a new initiative aimed at streamlining B2B cross-border supplier payments. Fiserv clients will have access to Goldman’s centralized cloud-based payment suite to carry out cross-border payments natively using existing accounts payable/accounts receivable solutions.
Tether Probe Signals Bumpy Regulatory, Legal Path for Stablecoins
The banking fraud probe into Tether may be focused on past practices, but the investigation could have ripple effects for the space at large, not least of which will be the likely tightening of scrutiny and oversight.
PayPal’s Regulatory Affairs Hiring Hints At Cryptos’ Retail Challenges
PayPal is beefing up staffing for its crypto regulatory affairs team in a drive to get bitcoin and other digital offerings into the hands of consumers and spendable at 26 million merchants. It’s a lofty goal that’s likely to be strewn with regulatory challenges.
Square Aims To Do For Small Business Banking What Its Card Readers Did For POS
Square has come a long way since its little plug-in card readers took the mobile point of sale (POS) segment by storm more than a decade ago. Today, Christina Riechers, Square Banking’s head of product, tells Karen Webster how the payments giant is looking to disrupt another small business category by filling the gaps in banking and cash flow management.
No Joke: Jokr’s 15-Minute Grocery Delivery Out To Change Consumer Shopping Habits
Grocery delivery can be a godsend for many consumers, but in a true pinch, delivery times simply aren’t fast enough to solve the problem at hand. It’s exactly why Zach Dennett co-founded and launched Jokr, a 15-minute delivery service platform that, well, delivers, where others fall short.
Data Brief: 77 Pct Of Credit-Challenged Consumers Favor BNPL For Spend Management
Buy now, pay later (BNPL) isn’t just a way to get those shoes or that handbag anymore. A groundbreaking new PYMNTS study finds that consumers are turning to BNPL to manage spending, live more affordably, avoid credit card interest fees — and even make ends meet.
We’re always on the lookout for opportunities to partner with innovators and disruptors.
Learn More