PYMNTS

More than half a billion people own crypto, primarily as a speculative investment. And now, with the news Thursday (Sept. 5) that Mercuryo has launched a euro-denominated debit card that allows users to spend bitcoin and other cryptocurrencies directly at over 100 million merchants using Mastercard’s network, those people can start using their crypto to actually pay for things in the real world.

Mastercard’s Crypto Debit Card Integrates With Apple and Google Pay

Real-time payments continue their rapid global expansion, with banks and governments updating existing systems and introducing new ones for their citizens and customers. Australia is expanding its real-time payments landscape through a new cross-border payments collaboration between BNY and Commonwealth Bank of Australia (CBA). This collaboration allows Australian businesses and individuals receiving payments from BNY customers to access funds in as little as 60 seconds, regardless of their banking institution. The partnership utilizes Australia’s New Payments Platform (NPP) International Payments Service (IPS), with CBA processing the final leg of BNY’s cross-border transactions.

Real-Time Payments Reach Key Milestones in the US, Switzerland and Australia

Revolut Business has launched Revolut BillPay, a feature that automatically pulls bills in from the user’s accounting software or allows users to upload bills to their account. “With full 2-way syncing and AI-powered data extraction for every part of every bill, all that’s left for you to do is...

Revolut Business Adds Bill Pay Feature

A lot can change in five years, particularly when it comes to fast-moving innovations like blockchain technology. Back in 2019, the crypto landscape was marked by several themes and trends that reflected the early stages of adoption, experimentation and regulatory uncertainty. Today’s digital asset landscape is more mature, with a focus on scaling, integration and mainstream acceptance.

This Week Web3: Scams, Payments and Stablecoins

Direct debits have been popular through the decades — across a variety of use cases — especially when it comes to bill payments and subscriptions. Enterprises withdraw money from accounts according to set parameters. Those parameters span dates, or dollar amounts, and tend to be a “set it and forget it” type of experience.

Visa’s New A2A Offering ‘Opens’ Choice and Security Via Direct Bank Transfers in the UK

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NewsNinja

‘Any meat items my dogs refuse to eat, I no longer eat.’ It’s said that animals have a “sixth sense,” which affords them an insight human beings cannot match. There are clips of security camera earthquake footage where pets can be seen wigging out seconds before tremors begin.

‘It ain’t food anymore.’: Dairy Queen customer warns against chicken after his dog refuses to eat it

Kentucky State

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Northern Kentucky Tribune

Starting in late September, the federal government will relaunch its at-home COVID-19 test program that makes every U.S. household eligible for four free COVID-19 tests to be sent directly to their home.

Every household can get four free COVID-19 tests by mail, starting late September

J.P. Morgan Chase reportedly plans to share with police the information it has about people who took advantage of a so-called “glitch” that was promoted by TikTok users late last week. Chase Bank suffered a technical error that allowed customers to immediately withdraw the full amount from checks...

J.P. Morgan Chase to Report ‘Glitch’ Fraud Participants to Law Enforcement

FinTechs that have invested in compliance, security and solid partnerships are well-positioned as regulation increases, Priority Technology Holdings CEO Thomas Priore writes in a new PYMNTS eBook, “Beyond the Horizon: How to Identify Unexpected Threats That Could Impact Your Business.”. In the fast-paced world of FinTech, wild cards can...

How FinTechs Can Thrive With Regulatory Uncertainty

Seattle, WA

As Amazon looks to shrink Walmart’s lead in food, the eCommerce giant is expanding its presence in third-party grocery delivery. Consumers in the Seattle area can now order same-day grocery delivery from local merchant Metropolitan Market on Amazon’s marketplace, Chain Store Age reported. Additionally, the online marketplace is also expanding its existing grocery delivery partnership with Weis Markets to six additional locations.

Amazon Counters Walmart’s Grocery Lead With Third-Party Delivery Play

Morristown, NJ

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Morristown Minute

NEW JERSEY - The Social Security Administration (SSA) is introducing a new, streamlined online application for Supplemental Security Income (SSI) benefits, aimed at simplifying the process for applicants.

Simplified SSI Application: Streamlined Process for Social Security Benefits

The ties that bind banks and FinTechs will be more closely watched by the Federal Deposit Insurance Corporation (FDIC), and a formal proposal/rule from the regulatory agency, governing accounts in banking-as-a-service relationships, may come sooner rather than later. As reported this week by news outlets including Bloomberg, the focus will...

‘For Benefit of’ Accounts Loom as Hot-Button Issue for Regulators, FinTechs and Banks

Kansas City, MO

Last-mile delivery management firm Onfleet has integrated with fleet insurance firm Fairmatic. “Businesses that take advantage of the integration will develop a better understanding of their delivery drivers’ performance with a free driver analytics dashboard that can reduce insurance rates,” the companies said in a Wednesday (Sept. 4) news release.

Onfleet and Fairmatic Team on Reduced Fleet Insurance Rates

U.S. Bank is introducing a pair of savings and credit rewards products. Released under the bank’s Bank Smartly program, these offerings are designed to work in tandem to let users maximize credit card rewards and earn more on their savings balances, according to a Wednesday (Sept. 4) news release.

US Bank Debuts Savings and Credit Rewards Products

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J. Souza

A Reddit post on the r/Cruise subreddit has caused a stir after a user uploaded a photo appearing to show a mannequin taking a picture from the balcony of Royal Caribbean's new ship, Icon of the Seas.

Is that a Mannequin? Image from Balcony of Largest Cruise Ship Raises Questions

Brazilian FinTech Ume has raised $15 million in a Series A funding round to expand its payment network and merchant services platform for small and medium-sized businesses (SMBs) on Pix. The round was led by PayPal Ventures, the companies said in a Friday (Aug. 30) press release. Ume has also...

PayPal-Backed Ume Raises $15 Million to Expand Payment Network

There’s a time and a place for doing things by hand. But as the first quarter of the 21st century comes to a close, that time and place shouldn’t be a firm’s back office. Yet from tedious invoice processing to fragmented financial tech stacks, the inefficiencies of...

Unlocking the 3 Biggest Benefits of Automating Accounts Payable

Lyft has debuted a new feature designed to help commuters stay within budget. “To make your day more predictable, we’re launching price lock, a new subscription that caps the price of your regular commute,” Audrey Liu, executive vice president of rider experience at Lyft, said on the company’s blog Wednesday (Sept. 4). “We know reliable pricing is particularly important for commuters. They know what their ride should cost and hate it when prices change.”

Lyft Lets Commuters Cap Prices With New Subscription

PayPal is integrating its debit card with Apple Wallet to enter the in-store payment arena. The company announced its omnichannel “PayPal Everywhere” solution Thursday (Sept. 5), and with it an expansion of its rewards program, letting users pick a monthly category of spending, such as groceries or clothing, to receive 5% cash back.

PayPal Tackles In-Store Payments With ‘PayPal Everywhere’

Former Wirecard CEO Markus Braun’s legal troubles are reportedly worsening. A judge ordered Braun and two other executives from the defunct German payments company to pay $155 million in damages related to loans to a company in Singapore that were never repaid, Reuters reported Thursday (Sept. 5). The ruling...

Ex-Wirecard CEO Ordered to Pay $155 Million Over Unpaid Loans

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TerraPay: Digital Wallets Will ‘Reshape Entire Financial Ecosystem’

The rise of digital wallets is an opportunity waiting to be tapped. TerraPay President Reuben Salazar Genovez writes in a new PYMNTS eBook, “Beyond the Horizon:...

TerraPay: Digital Wallets Will ‘Reshape Entire Financial Ecosystem’

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