In today’s top payments news around the world, PayPal has unveiled quick-response (QR) codes in iZettle’s point-of-sale program, while Ireland’s TransferMate recently announced that it secured its first two payment licenses in South America. Plus, the United Kingdom government is moving to regulate Big Tech by forming a new watchdog group.
PayPal’s iZettle Introduces QR Codes at POS for UK Merchants
PayPal has debuted quick-response (QR) codes in iZettle’s point-of-sale program to further safe and touch-free transactions in Britain during coronavirus restrictions. “Small businesses need access to commerce tools that help them sell securely and meet their customers wherever they are — in-store, online and in-between,” Jacob de Geer, vice president of small business products and iZettle at PayPal, said in a release.
TransferMate Racks Up Licenses for B2B Cross-Border Payments Technology
Ireland’s TransferMate, which deals with international B2B payments technology, recently announced that it has notched its first two payment licenses in South America as part of its growth effort. The regulatory green lights in Chile and Brazil come after the company’s success in securing a Mexico license in September.
UK Moves to Regulate Big Tech With Proposed New Watchdog Group
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The British government is moving to regulate Big Tech by creating a new watchdog organization aimed at encouraging competition inside the digital industry. If put into place, the new regulatory regime will regulate Big Tech companies that the government has categorized as having “strategic market status,” or SMS, meaning the authorities think they have entrenched and substantial market power.
Cybersecurity Firm FireEye Hacked by Suspected Nation-State
FireEye, the cybersecurity company that counts many government agencies as its customers, said its proprietary technologies were hacked by a suspected nation-state. It’s not clear when the hack occurred, but sources said in a published report that FireEye has spent the last two weeks resetting user passwords.
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