![]() Traditional channels have been disrupted for social distancing purposes, while the relationship customers have with their bank is changing dramatically.Ĭhecks are on their way to the B2B dustbin The financial services industry has been in significant upheaval since the COVID-19 pandemic and resulting lockdowns. Pelican, a provider of payments and artificial intelligence technology, is supporting Swift's development of a new service for low-cost cross border payments across its Global Payments Initiative and high-speed rails.ĭigital account openings are more than nice to have ![]() Swift, Pelican team on low-value money transfers Mastercard's buy-in a turning point for crypto paymentsĪfter years of only dipping a toe in the waters of crypto payments, Mastercard has dived into the deep end. Visa expects more fraud from pandemic activities in 2021įraudsters are continuing to take advantage of the COVID-19 pandemic to exploit online shopping, curbside delivery and unemployment, according to Visa.įintechs' culture must evolve as the sector maturesĪs fintech evolves because of market demands, COVID-19, and the calls for social and racial justice, so do the regulatory, enforcement, and litigation risks. Miami Mayor Francis Suarez proposed paying municipal workers and collecting taxes in bitcoin, expanding a campaign to promote cryptocurrencies. Miami pushes crypto with proposal to pay workers in bitcoin Mike Cagney’s blockchain lending startup Figure Technologies plans to raise $250 million through a new blank-check company, according to an SEC filing. is weighing a foray into stock trading and high-yield savings accounts as the firm pushes beyond its iconic checkout button.įormer SoFi CEO starting blank-check company to raise $250 million PayPal looks to stock trading, savings in push past checkout The world's largest companies are finding it harder to ignore bitcoin and other cryptocurrencies, with many announcing plans to embrace digital assets as valuations soar. Who has the best shot at taking crypto payments mainstream? PayNearMe sees growth in cash payments for online bettingĮven in a pandemic, certain consumers insist on paying their billers with cash, and increasingly that includes gambling debts. Bitpay credit card trial#Securities and Exchange Commission (SEC) and Ripple said Monday that there’s little chance of settlement ahead of the expected trial of the blockchain payments firm over alleged securities infractions. Ripple, SEC Say Settlement Unlikely Before Trial Over Alleged Securities Fraud ![]() From the webīitcoin hit a new record high $60 shy of $50,000 on Tuesday, extending a sharp rally that has been mostly fuelled by big investors beginning to take digital assets seriously.īitcoin's mainstream charge raises stakes for central bank digital cashĪs cryptocurrencies increasingly go mainstream, pressure is growing on the world’s biggest central banks to move forward with their plans to issue digital cash and fend off private sector threats to traditional money. WEX expects the acquisition to advance its own health care payment solutions. HealthCare Bank, based in Fargo, N.D., currently is the custodian bank for WEX’s health care division customers. Portland, Maine-based WEX will pay $250 million for assets over the next three years in the proposed deal, which is expected to close in the next few months, WEX said in a press release. Payments specialist WEX will buy a chunk of health savings accounts from HealthCareBank for $250 million to streamline its expanding consumer-directed health care payments services. The BitPay wallet app enables users to manage and spend Bitcoin balances, including converting it to U.S. BitPay, one of the world’s largest cryptocurrency platforms, has added Apple Pay support for online and in-store purchases through the BitPay Prepaid Mastercard.īitPay plans to expand support for Google Pay and Samsung Pay purchases later this year, according to a press release. ![]()
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