News 

Trump denies wrongdoing, says lawyer’s tape ‘perhaps illegal’

“Moscow denies U.S. allegations that it interfered in the election and Trump denies any campaign ties to Russian officials” writes Midwest Communications Inc for 95kqds.com. Before the election, the Trump campaign denied any knowledge of payment to McDougal, but the taped conversation could undermine those denials.”Even more inconceivable that a lawyer would tape a client – totally unheard of & perhaps illegal.The existence of the audio recording was first reported by the New York Times, which said Trump and Cohen discussed a potential payment to McDougal. Source: 95kqds.com Share This:

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‘Totally unheard of & perhaps illegal’: Trump erupts amid news that Michael Cohen may have secretly recorded a conversation with him

“Nothing in that conversation suggests that he had any knowledge of it in advance,” Giuliani told the newspaper of American Media Inc.’s payment” writes Allan Smith for businessinsider.com. Trump’s attorney Rudy Giuliani confirmed to The Times that Trump discussed payments to McDougal with Cohen, but he said that ultimately no payment was made. Source: businessinsider.com Share This:

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News Platforms 

WhatsApp Pay nationwide launch in limbo: Govt wants more details

“Demanding more details about its payment services (WhatsApp Pay), the government of India has put Whatsapp payment service nationwide launch on hold” writes Jitendra Has Spent for entrackr.com. With 230 million users, Whatsapp payment service will pose threat to its rivals such as Paytm, Google’s Tez and Truecaller.Meanwhile, the messaging platform was expected to expand the service nationwide last month.Earlier, its rival Paytm founder Vijay Shekhar Sharma had alleged that the messaging platform is a security risk to India. “Everyone should be allowed to play the field.Doctored images and fake…

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News Regulators 

Trump amps up criticism of Fed interest rate rises

“WASHINGTON, July 20 (Reuters) – U.S. President Donald Trump on Friday dug in on his criticism of the Federal Reserve’s policy on raising interest rates, saying it takes away from the United States’ “big competitive edge,” and lamented the strength of the U.S. dollar” writes Aol Staff for aol.com. Trump had already criticized the Fed’s interest rate policy in an interview on CNBC on Thursday, saying he was concerned higher rates could impact the U.S. economy.RELATED: 13 US housing markets that would be most affected by rising interest rates Representatives for…

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Credit Suisse raises its price target for Square by more than 80%

“Square shares will thrive as the company expands to new markets and builds upon its core payments offering, according to Credit Suisse” writes unknown author for cnbc.com. Square shares are up 97 percent so far this year through Wednesday versus the S&P 500’s 5 percent gain.The firm raised its rating to outperform from neutral for Square shares, citing the increasing breadth of its product offerings for merchants.Condra noted the company has added point of sale software offerings for restaurants, hardware products, customer relationship management, analytics and payroll software on top…

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Virtual Cards Run Into Payroll Card-Like Legal Troubles

“The Georgia Dental Association and the Medical Association of Georgia, along with groups representing pharmacists, hospitals and other healthcare providers, all backed the legislation, according to reports” reports pymnts.com. The debate involves virtual cards and their use by insurers to pay healthcare providers.Virtual card fees are not the only controversial B2B payment fee topic today. Source: pymnts.com Share This:

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How To Join The Payables To Payment Revolution

“Adding to the perception of impossibility is the fact that the AP automation process cannot happen solely within the four walls of the organization” reports pymnts.com. He welcomes the doubters to join the discussion, urging an open mind among professionals who struggle to envision how their accounts payable departments can, once and for all, let go of manual processes.Accounts payable (AP) automation offers lofty promises to the enterprise: nix paper, save money, cut out inefficiencies and provide more time for executives to focus on strategic tasks. Source: pymnts.com Share This:

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Crypto News 

Bitcoin is Akin to Gold but Also Different

“It is that outlook which makes Bitcoin and gold two peas in the same pod” writes Jp Buntinx for livebitcoinnews.com. The coming decade will determine if Bitcoin is akin to gold or a threat to regular money.The world’s leading cryptocurrency doesn’t have the traction of other popular payment methods.Correlations between Bitcoin and gold have been drawn multiple times over the years.To a lot of investors, Bitcoin and gold are both excellent stores of value. Source: livebitcoinnews.com Share This:

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