Today is Tuesday, June 28 and it’s Ukraine’s Constitution Day, first celebrated in 1996. Ukraine President Volodymyr Zelenskyy congratulated Ukrainians in a video address and said, “Victory is not far off! Victory is ours!”
Inflation is hitting the food truck business extra hard, getting the double whammy of high gas prices on top of soaring costs for food and everything else. That’s bad news for Taco Tuesday, a food truck staple. The first taco food truck was said to have opened in 1974 in East Los Angeles. Elon Musk was born today in 1971 in South Africa, and it’s National Logistics Day. Here’s what else should be on your radar this morning.
API Expansion. Card-issuing platform Marqeta is adding more than 40 new application programming interfaces (APIs) for the expanded development and testing of individualized credit card experiences. Marqeta is also offering its clients the option of using the program management and banking capabilities of the First National Bank of Omaha (FNBO). READ MORE
Virtual Benefits. Companies making use of virtual cards can optimize their business-to-business (B2B) operations with enhanced speed, transparency, and security. In PYMNTS’s “Accelerating the Time to Realized Revenue: Virtual Card Edition,” a collaboration with Mastercard, business leaders were surveyed about their interest in virtual cards and how the technology has helped boost their bottom lines. READ MORE
Multiple Gateways. Firms that still use a single gateway are missing out on one of the key perks of the connected economy — moving more money securely and quickly. Joseph Meuse, senior director of product management at Spreedly, told PYMNTS that payment-centric companies need a strategy in place to plan for disruptions and ensure payments operations run continually every day and hour of the year. READ MORE
Payments Advance Telemed. Medicare visits for virtual care are up from 840,000 in 2019 to 52.7 million in 2020, according to the Department of Health and Human Services (HHS). Synchrony Senior Vice President and General Manager of Health Systems Shannon Burke told PYMNTS that the future for telehealth is bright, with all age groups continuing to access it and “really demand it.” READ MORE
ICYMI. Bored & Hungry, a crypto-themed restaurant inspired by the nonfungible token (NFT) Bored Ape, no longer takes cryptocurrency as a form of payment. Based in Long Beach outside of Los Angeles, the meat and vegan burger joint opened in March and is decorated with Bored Ape cartoon monkeys — an NFT collection touted by celebrities like Paris Hilton, Post Malone, and others. READ MORE
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