Visa calls off Plaid buy, Checkout.com raises $450M, SMBs find digital tools bring new customers

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TODAY'S NEWS | OPINION | INDEXESTRACKERSPYMNTS LIVE

January 13, 2021

SMB Digital Shift

Visa’s Phelan: SMBs Remain Optimistic; Data Shows Digital Tools Bring New Customers

A new Visa report shows that embracing digitization for SMBs is a necessary and profitable strategy. Kevin Phalen, Visa’s Global Head of Business Solutions, told Karen Webster that businesses that open up to the digital shift can move beyond “survive” to “thrive.”

 

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Merchant Surcharges

Surcharges Re-Enter The Merchant Transaction Fee Debate

It’s not for everybody, but the practice of adding surcharges to transaction fees can be a smart move for merchants who have had to spend on in-store safety and other additional overhead during the pandemic. Payroc Chief Financial Officer Kevin Hodges told PYMNTS that passing along some of those costs must be done with an emphasis on compliance.

 

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AI And The CFO

AI Rides To Rescue Of Analog Accounting Processes

Artificial Intelligence (AI) can streamline and modernize the order to cash process and improve collections on outstanding invoices. FIS’ Michael Shields tells PYMNTS in a recent interview that frees up resources for innovation and improves relationships between buyers and suppliers.

 

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Last-Mile Delivery

Shipt Says Shortened Delivery Times The New 'Normal'

Changes are coming to the last mile with shortened delivery times the new “normal” Rina Hurst, chief business strategy officer at eCommerce firm Shipt tells PYMNTS. For platforms and retailers, she said, flexibility is key.

 

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Crypto Regs  

Debate Looms Over Crypto Privacy, Security And Regulation

This month marked the end of a comment period on rules proposed by the Treasury Department that would step up record-keeping tied to crypto transactions. The goal is to short-circuit criminal activity that leverages cryptos for ill-gotten gains. Critics charge that privacy will be sacrificed. The debate over privacy versus security rages on.

 

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Digital Fraud Tracker 

Swap.com Uses Data Analytics To Fight Post-Holiday Fraud Surge

The post-holiday season is a busy time for consignment stores — making it a busy time for cybercriminals as well. KP Brendel, director of marketplace operations at online thrift and consignment store Swap.com explains how combining in-house analytics with insights gathered from third-party partnerships can help eTailers nip fraud in the bud.

 

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What's Hot


Visa Opts Out Of Plaid Acquisition, Cites Complex Litigation


BillTrust To Make Its NASDAQ Debut Today Trading As BTRS


Affirm IPO Now On Track To Raise More Than $1.1 Billion


Starbucks Launches $100 Million Fund To Support SMBs


Walmart Teams With HomeValet On Smart Box Tech For Deliveries


Synchrony’s Margaret Keane Moves To Exec Chair Of Board; Brian Doubles Now CEO


Checkout.com Closes $450 Million Series C At $15 Billion Valuation


Verizon, UPS Team Up On Drone Delivery For Retail


Restaurant Holiday Gift Card Sales Disappoint


Bitcoin Daily: 20 Pct Of Bitcoin Trapped In ‘Lost’ Wallets; J.P. Morgan Says Bitcoin Is Maturing


Best Of Yesterday 


NEW DATA: Even After Vaccine, 75 Pct Of US Consumers Still Want A Digital-First Shopping Experience


Digital Shift Leads Mastercard To Take Contactless Payments To The Cloud


Cargomatic On Tapping Geocoding To Streamline Last Mile Delivery


 

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