On The Web

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Reports

First Data’s Volume Growth Slowed in the First Quarter, but Brick-and-Mortar Topped E-Commerce

May 20 2019

“First-quarter growth in leading merchant processor First Data Corp.’s portfolios lagged growth posted in the preceding two quarters, but in a rare event physical merchants posted higher sales increases than their online counterparts. In its latest SpendTrend report, First Data says total payment card spending at U.S. merchants on its books for a least a […]

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Companies

Facebook Forms Swiss Fintech Firm With Payments Focus

May 20 2019

• in
• Facebook

“Facebook has set up a new financial technology company in Switzerland focusing on blockchain and payments as well as data analytics and investing, Geneva’s commercial register shows.  Libra Networks, with Facebook Global Holdings as stakeholder, was registered in Geneva on May 2 to provide financial and technology services and develop related hardware and software, plans […]

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Security

New Research: How Effective Is Basic Account Hygiene at Preventing Hijacking

May 20 2019

“We teamed up with researchers from New York University and the University of California, San Diego to find out just how effective basic account hygiene is at preventing hijacking. The year-long study, on wide-scale attacks and targeted attacks , was presented on Wednesday at a gathering of experts, policy makers, and users called The Web […]

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Global

PayMaya Expands Boracay’s First ‘cashless’ Ecosystem With QR Payments

May 20 2019

• in
• Phillippines
• QR codes

“PayMaya is now the preferred payment option in some of the merchants in Boracay where users can pay using their app via PayMaya QR, including restaurants like Spice Bird in D’Mall, Titos near Station 2, and Sunny Side Café in Station 3; convenience store like Budget Mart; and Epic Bar, among many others. This is […]

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Systems

Exclusive: Banks to Invest Around $50 Million in Digital Cash…

May 20 2019

• in
• Cryptocurrencies
• Settlement

“Several of the world’s largest banks are in the process of investing around $50 million to create a digital cash system using blockchain technology to settle financial transactions, according to people familiar with the plans. The previously disclosed project, known as the “utility settlement coin,” was first proposed by Swiss bank UBS Group AG and […]

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Tech

ATMs, Once the Future of Banking, Are Starting to Become More Scarce

May 20 2019

• in
• ATM

“The number of ATMs around the world fell for the first time last year as banks closed branches and redirected resources toward digital payments, consulting firm RBR said in a study released Monday. Declines in four of the world’s five largest markets — China, the U.S., Japan and Brazil — drove the 1% drop in […]

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Uncategorized

2018 State of ECommerce Delivery Report – Global Insights

May 20 2019

Key Findings: 75% expect all delivery options to be displayed on product pages 75% have purchased more items to take advantage of a minimum spend ‘free delivery’ option 70% expect to pay extra for one-hour, same day, next day or Sunday delivery 54% of consumers expect to be able to choose which carrier delivers their online […]

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Domains

Lamps Plus Deploys Omnichannel-Enabled POS

May 20 2019

• in
• POS

“The POS solution is designed to bring together selling, customer engagement, store inventory and fulfillment functionalities to help store teams deliver customer experiences with a single omnichannel system of record. Additionally, the move allows Lamps Plus to choose from among numerous hardware manufacturers, form factors and operating systems.”

On The Wires

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Deals

Modulr Raises £14m in Scale-up Capital to Fuel Growth

May 20 2019

“Modulr , the Payments as a Service API Platform for digital businesses, today announced that it has completed an investment of £14m. The investment round has been led by new investors Frog Capital as well as further investment from existing investors including Blenheim Chalcot .”

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Providers

Geoswift Secures Stored Value Facilities Licence in Hong Kong

May 20 2019

• in
• Prepaid issuing

“Geoswift, a leading provider of cross-border payment solutions between China and the rest of the world, announced today that its Hong Kong entity has been granted a coveted Stored Value Facilities (“SVF”) Licence by the Hong Kong Monetary Authority. With the SVF licence, Geoswift can provide greater convenience and a better experience for consumers and merchants and move closer […]