PayPal takes stake in Gojek, Alibaba launches credit for US SMBs, Drive-in dance clubs and the future of social gatherings

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June 3, 2020

Marketplaces

MercadoLibre: The ‘Amazon Of Latin America’ Spreads Its Wings

It's one of the hottest retail marketplaces. And it's one of the hottest payments companies. Meet MercadoLibre, a triple-threat play out of Argentina. Osvaldo Giménez, CEO and executive vice president, tells PYMNTS that mobile is one of the company's new areas of innovation. Here’s why.

 

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PODCAST: Fraud Prevention

It Takes A Hub: Fighting eCommerce Fraudsters Across New Vectors

As more and more commerce shifts to digital channels, fraudsters are shifting their targets and methods, too. Rob Tharle, head of fraud strategy at NICE Actimize, tells PYMNTS the battle against the bad guys needs new thinking, including a ‘hub’ model that can identify high-risk transactions before it’s too late.

 

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PODCAST: Consumer Privacy

Why ‘Privacy By Design’ Is Mobile Apps Next Big Thing

COVID-19 tracking and tracing apps are becoming available, but the potential for invasion of privacy could hamper their adoption in democratic countries. Boku CEO Jon Prideaux tells Karen Webster the key is to make sure consumers understand that it’s possible to protect privacy while also providing an important service — a design principle that he says goes well beyond contact tracing apps.

 

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PODCAST: Credit Unions

CUs Eyeing Member Risk Must Look Beyond FICO Scores

Credit unions have a long history of helping customers grapple disasters and hardship, including extending credit in those times of need. But the speed and severity of the pandemic’s damage means that traditional risk scoring may prove ineffective. Chuck Fagan, president and CEO of PSCU, tells Karen Webster that data and predictive analytics are critical in getting ready for a (very) uncertain 2021.

 

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Economic Reopening

The Drive-In Dance Club And The Future Of Social Gatherings

Social-distancing rules are creating demand for drive-in movies, drive-in restaurants and even drive-in churches, so why not drive-in nightclubs? A German disco has reopened in a parking lot for patrons who bring booze, watch live music from their cars and wave balloons with their phone numbers on them to flirt with that cutie in the next car. Is this the wave of the post-pandemic future?

 

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B2B API Tracker™

Real-Time Payments' Real-Time Achilles Heel

APIs have dramatically accelerated B2B payments, but with that comes more risk and bad actors intercepting payments and compromising trust, says Nordea Bank executives Tino Kam and Ulrika Claesson. In this month’s B2B API Tracker, both discuss how the shift to real-time payments necessitates the need for real-time recipient validation.

 

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