News

B2B Payments
Today in B2B Payments: QuickBooks Launches Wholesale Marketplace; Papmall Adds BNPL, Crypto Payment Features
August 11, 2022

Today in B2B payments, QuickBooks has launched a new marketplace that connects independent retailers with brands and wholesalers, and Papmall said it is integrating buy now, pay later (BNPL) and crypto payment features into its eCommerce platform for the service-providing industry.  QuickBooks Launches Wholesale Marketplace ...

Security & Fraud
Crypto Insiders Edgy over Quantum Computing’s Looming Threat to Blockchain Security
August 11, 2022

Chatter on the cryptographic side of cryptocurrency has been growing over the past couple of years about the threat posed by quantum computing, an entirely new type of computer that would be many orders of magnitude more powerful than current ones — so powerful that...

Fintech Investments
Central Payments Closes $30M Growth Equity Raise
August 11, 2022

Central Payment, a payments-tech and card-issuing platform, today announced it has raised $30 million in growth equity financing that will spin it out from Central Bank of Kansas City. “Since inception, we have remained steadfast in our belief that new technology and the stability of...

Banking
PNC Bank Ends NSF Fees on Consumer Deposit Accounts, Furthers No-Fee Trend 
August 11, 2022

Joining many other banks that have eliminated some fees in recent months, PNC Bank has announced that it will no longer charge non-sufficient fund (NSF) fees to any consumer deposit account customers.  PNC had already eliminated NSF fees for customers with some types of checking...

eCommerce
Report: Buy Buttons Cut Checkout Times to 68 Seconds, Boost Conversions
August 11, 2022

Following the progress of buy buttons in eCommerce since 2016, it’s clear from the latest PYMNTS research that merchants embedding this fast checkout option are benefiting on the bottom line while bettering customer experience as the technology improves. For the 2022 Buy Button Report: Accelerating...

CFPB
CFPB Provides Guidance to Other Agencies on Data Security Enforcement
August 11, 2022

Saying financial companies that fail to safeguard consumer data may be violating federal law, the Consumer Financial Protection Bureau (CFPB) has published guidance on the matter to other enforcement agencies. In a press release about a CFPB circular, both of which were released Thursday (Aug....

Regulation
FTC Probes $200M Bitmark Crypto Hack
August 11, 2022

In what is its first investigation into cryptocurrency markets, the Federal Trade Commission (FTC) is looking into the Bitmark currency exchange over the December 2021 hack that cost consumers $200 million. According to an FTC order filed Wednesday (Aug. 11), the agency denied a request...

B2B Payments
QuickBooks Launches SMB Wholesale Marketplace
August 11, 2022

QuickBooks has launched a new marketplace called Trada that “connects independent retailers with amazing brands and wholesale sellers,” the company said. According to a Thursday (Aug. 11) blog post announcing the new marketplace, the platform is especially geared toward small businesses. In function and appearance, the...

B2B Payments
Papmall Expands B2B eCommerce Platform
August 11, 2022

B2B eCommerce platform Papmall says it is expanding its model and delivery locations, while also integrating buy now, pay later and crypto payment features. Launched in 2019, the company began as a platform for online digital products and software sellers “as well as outsourcing services,...