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PYMNTS.com 06/04/2020 07:45
APIs have drastically accelerated B2B payments, but with automation comes more risk, ranging from credential abuse to SQL attacks. Such lapses in security, according to Nordea Bank executives Tino Kam and Ulrika Claesson, often result in payments being intercepted by bad actors and a betrayal of consumer trust. In this month’s B2B API Tracker, Kam and Claesson discuss how the shift to instant payments necessitates real-time recipient validation.
PYMNTS.com 06/04/2020 07:30
Healthcare providers were facing problems with slow, disorganized disbursements before COVID-19 shook the industry to its core. There was already disparity in how patients were receiving funds from providers and the methods they wanted to use, with one pre-outbreak Ingo Money study noting that less than 10 percent of U.S. consumers chose checks for their […]
PYMNTS.com 06/04/2020 07:15
Uber rides are increasing again after massively falling off due to the coronavirus during March and April, Reuters reports. The ride-sharing firm reported that trip numbers, while still way below 2019 levels, were now down only 70 percent from last year, as opposed to the 80 percent drop seen in April. Chief Executive Officer Dara […]
PYMNTS.com 06/04/2020 07:00
Japanese crypto firm Coincheck has become the victim of a data breach, with attackers utilizing private information to impersonate the firm. Coincheck came under attack by an unknown third party, which was able to gain access to an account it held with Onamae.com, and then used an official email to send “fraudulent” emails to users […]
PYMNTS.com 06/04/2020 04:03
As sections of the United States economy continue to reopen, it is growing more apparent that consumers have no intention of reverting back to their pre-pandemic shopping habits. Instead of flocking back to brick-and-mortar shops, consumers are continuing to shop from the safety of their homes, and are actually buying more online — not less […]
PYMNTS.com 06/04/2020 04:02
The degree to which consumers’ lives have gone digital over the past two or three months can’t be overstated. Vaduvur Bharghavan, president and CEO of card services platform OnDot, recently talked with Karen Webster about what financial services will look like in the post-pandemic world — and why things will be very different than what […]
PYMNTS.com 06/04/2020 04:00
The phrase “going to work” has very much changed in meaning for millions of employees in recent months. As offices around the world remain shut down, commutes are measured as the distance between one’s bedroom and home office, and “dress for success” might involve putting on a professional-looking top over pajama bottoms or athletic shorts […]
PYMNTS.com 06/03/2020 22:37
Papaya Global, which works in global payroll and B2B payments, has a new investor in Group 11, a U.S. FinTech venture capital firm, according to a press release. Dovi Frances, founding partner with Group 11, said Papaya Global’s model was successful at reimagining the stagnant models of yesteryear, which focused too often on paper-based payments […]
PYMNTS.com 06/03/2020 22:18
Amid the social unrest dominating the country at the moment, will small- to mid-sized businesses (SMBs) face crippling losses tied to looting? Landlords mandate that business tenants carry basic liability insurance. But it’s up to the individual small business owners to decide how much coverage they want to carry, or what they can afford. The […]
PYMNTS.com 06/03/2020 21:57
The U.S. Senate passed a bill Tuesday (June 3) amending the way the Paycheck Protection Program (PPP) works, extending the time for small- to medium-sized businesses (SMBs) to use the money from eight weeks to 24 weeks, CNN reported. It also gives business owners more flexibility on how much has to go toward payroll. Prior […]
PYMNTS.com 06/03/2020 18:45
The pandemic has impacted Nevada’s labor force more than any other state in the country, and it could continue to disrupt the Las Vegas economy years into the future. Casinos, among other businesses, are getting ready to partially reopen — but how eager will Americans be to travel by plane, dance in an entertainment venue or get […]
PYMNTS.com 06/03/2020 18:36
The summer travel season is upon the Northern Hemisphere, and while many consumers would normally be setting their sights on visiting new lands, international travel seems to be by and large on hold for summer 2020. Too many people fear contracting coronavirus while traveling abroad. Are “travel bubbles” the answer? Estonia, Latvia and Lithuania started […]

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