Payments News

On The Web

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Opinion

Why (Almost) Everybody Hates Facebook’s Cryptocurrency Libra

“Facebook Inc. says its mission is to “bring the world closer together.” Its plans to launch a digital currency called Libra have succeeded in uniting central bankers and financial regulators from around the globe, along with U.S. President Donald Trump and his Democratic opponents in Congress. They’re dubious about the idea, at best. But Facebook […]
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Opinion

How Will Brexit Impact the Payments Industry in the UK? An Earthport Insight

“As the post-Brexit outlook continues to remain uncertain, it is difficult to predict the precise impact on the UK financial sector. There’s no denying that the uncertainty in any form makes short term and long-term operations trickier. To that end, being prepared, agile and remaining positive is more important than ever in these unprecedented times.”
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Opinion

How The Gig Economy Could Impact On-Demand Payments

“Influenced by the power of automation and technology, an on-demand economy hits workers and employers with a sense of urgency that constitutes payment immediately after completion of a job. Make no mistake about it, instant on-demand pay isn’t just about contractors and freelancers in the gig economy. Traditional W-2 employees are slowly beginning to have […]
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Domains

COMMENTARY: The Rise of B2B E-Commerce Creates New Technology Openings

“Nearly half of today’s B2B buyers are millennials, driving a change in purchasing behavior where buyers prefer less interaction with sales teams and more of a shift to self-service. At the same time, many noted direct-to-consumer brands that have built successful B2C business like Casper and Peloton are now turning to B2B strategies to overcome […]
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Opinion

Visa’s New ‘Visa B2B Connect’ Could Become A Major Growth Driver

“Visa ( V ) is launching a new service, Visa B2B Connect, to facilitate cross-border business to business transfers. The service launched on June 11th connecting 30 global trade corridors . The service uses a distributed ledger system to enhance transparency and decrease the likelihood of fraud. There exists a significant opportunity for growth in […]
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Opinion

Cashless Stores Alienate Customers in the Name of Efficiency

“On the surface, the move to a cashless society may seem like a win-win situation. However, the only clear winner would be the federal government. In a cashless environ­ment, money laundering and tax evasion would become much more difficult. For brands and consumers, the change is less clear.”
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Opinion

Why Is Uber Hiring So Many Fintech People?

“The best prospects for Uber financial services aren’t the firm’s customers–it’s their drivers. According to one survey , a little more than half of rideshare drivers are 30 to 49 years old, and a third are either African-American or of Hispanic heritage. Another survey found that nearly four in ten Uber drivers rely on the […]
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