On The Web

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Companies

Amazon Acquires Selz, a Shopify Competitor That Helps Small Businesses Build Online Stores

February 17 2021

• in
• Amazon

“Amazon has bought Selz, a company that makes tools to help businesses launch their own online stores. Amazon quietly acquired the e-commerce platform on Jan. 15, but it didn’t publicize the acquisition. Selz announced the deal in a company blog post .”

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Companies

Diem Stablecoin Prepares for Liftoff With Fireblocks Custody Partnership

February 16 2021

• in
• Cryptocurrencies
• Facebook

“Crypto custodian Fireblocks and payments platform First Digital Assets Group are providing connectivity and support to diem, the global stablecoin and payments system formerly known as libra. Fireblocks and First are providing the digital plumbing to allow financial service providers such as banks, exchanges, payment service providers (PSPs) and eWallets to plug into Diem on […]

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Companies

Goldman Sachs Opens Investing App to Anyone With as Little as $1,000

February 16 2021

• in
• Goldman Sachs

“Goldman Sachs Group Inc. took another step toward going mainstream, launching an investing app for customers that want to put at least $1,000 to work.    Investors using the service, which went live Tuesday, can put money into automated portfolios rather than individual stocks and bonds, according to the company. The move expands the Marcus […]

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Companies

Judge Lets Revlon Lenders Keep Citi’s Botched $500 Million Payment

February 16 2021

“A federal judge denied Citigroup Inc.’s request to claw back roughly $500 million it mistakenly paid out of its own pocket to investment firms that made loans to cosmetics giant Revlon Inc. Brigade Capital Management LP and other Revlon lenders can keep the money they collected from Citi when the bank wired them the full amount […]

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Companies

Shopify’s Secret Weapon Is Thousands of New Business Owners

February 16 2021

• in
• Shopify

“Small-business formation is surging in the U.S., and e-commerce company Shopify Inc.  has been reaping the gains of that business boom. More Americans are opening online stores and selling goods and services to make money as the effects of the pandemic have wiped out jobs and disrupted in-person activities like dining and shopping. The shift […]

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Companies

American Express Acknowledges DOJ Review of Card Sales

February 12 2021

• in
• American Express

“American Express Co. acknowledged Friday that government agencies, including the Department of Justice, have reviewed the company’s sales practices regarding small-business cards. The company said in a regulatory filing that in May it began responding to a regulatory review led by the Office of the Comptroller of the Currency and the DOJ’s civil division. AmEx […]

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Companies

Amazon Preparing to Launch a ‘Digital Currency’ Project in Mexico – CoinDesk

February 11 2021

• in
• Amazon
• Digital currencies

“Amazon’s grip on the internet economy appears to be coming for currency next, with the e-commerce giant preparing to launch a “digital currency” project in Mexico. The yet-to-be-announced project, which Amazon sketched out across a series of recent job posts , appears to be an effort to keep lucrative Prime customers eternally plugged into Amazon’s […]

On The Wires

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Companies

Nacha Announces Bluefin As a Preferred Partner for ACH Data Security | Nacha

February 16 2021

• in
• NACHA

“Bluefin is now a Nacha Preferred Partner for ACH Data Security. In becoming a Preferred Partner, Bluefin joins a select group of innovators that Nacha recognizes for offering products and services that align with Nacha’s core strategies to advance the ACH Network.”

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Companies

ACI Worldwide and Auriga Partner to Launch Next-Generation ATM Acquiring and Self-Service Banking Platform

February 16 2021

• in
• ACI Worldwide

“ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time digital payment software and solutions , today announced a partnership with Auriga , a market leader for omni-channel banking and payment systems. The companies will launch a next-generation ATM and self-service banking platform aimed at improving the omni-channel banking experience for consumers globally.”

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Companies

Mastercard and Razorpay Join Hands to Make Digital Payments More Accessible for MSMEs and Startups | Asia Hub

February 16 2021

• in
• India
• Mastercard

“To drive digital payments acceptance by small businesses and startups in India, Mastercard and Razorpay have launched a strategic partnership that combines Razorpay’s payment processing capabilities with Mastercard’s trusted and secure digital banking solutions and card services. The partnership will empower Indian micro, small and medium enterprises (MSMEs) in digitizing their operations, maintaining business continuity […]