News 

Qualcomm owes Apple $1 billion rebate payment

“A judge has ruled that Qualcomm owes Apple close to $1 billion in patent royalty rebate payments” writes Luke Dormehl for cultofmac.com. Separately, Qualcomm and Apple had a cooperation agreement under which Qualcomm would pay Apple a rebate on the iPhone patent payments if Apple agreed not to attack in court or with regulators.” Apple sued Qualcomm around two years ago, claiming that it was owed $1 billion in rebates.The payments were due as part of a business cooperation agreement made between the two companies during happier times in their…

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News 

Central 1 Combines Invoicing With Payment Request For SMBs

“Canadian financial technology provider Central 1 is linking its credit union customers to a new solution designed to streamline accounts receivable for small businesses” reports pymnts.com. The company said in a press release Wednesday (March 13) that it is combining its small business online invoicing solution with its Request Money tool, rolling the solutions into its single digital platform that integrates the Interac e-Transfer Request Money solution, which Central 1 said will reduce fees that small businesses face when using traditional online payment solutions.The tool links directly into small to…

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News 

Mastercard Strengthens Ties With Finexio For Supplier Payments

“Mastercard and B2B payment network Finexio are entering into a strategic partnership to strengthen their supplier payment offering” reports pymnts.com. Its expanded relationship with Mastercard demonstrates Finexio’s virtual card push in the supplier payment arena.Their innovations, such as Mastercard Track and the B2B Hub, are in total alignment with our goal of creating impactful efficiencies within the business payments space.” Mastercard debuted Mastercard Track last year, a digital platform designed for small and medium-sized businesses to connect buyers and suppliers and facilitate payment. Source: pymnts.com

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News 

UK Study Finds Broad FI Support For Open Banking

“Specifically, open banking will help streamline and speed application and onboarding processes, as voiced by 52 percent of those surveyed” reports pymnts.com. If open banking can transform those processes, the financial institutions said, significant pain points would be alleviated.Open banking is a bit more than a year old in the United Kingdom, and is viewed positively by a majority of financial institutions.A vast majority of firms in that sector surveyed by Forrester (and commissioned by TransUnion) – 99 percent of them, in fact – view open banking as beneficial to…

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News 

Iovation: Merchants aren’t prepared for Europe’s tough anti-fraud compliance rules

“Aite conducted those interviews between November 2018 and January 2019 with payment executives from banks and other payment providers” writes Dean Takahashi for venturebeat.com. The new report, entitled “PSD2: Advent of the new payments market in Europe,” includes original research and analyzes the consequences for the global online payments market around the revised Payment Services Directive (PSD2). Source: venturebeat.com

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Spotify is going to war with Apple, filing an antitrust complaint over fears it is crushing competitors

“He added that if Spotify eschews Apple’s payment system, Apple can impose technical restrictions, which in some cases has prevented Spotify from emailing its customers” writes Isobel Asher Hamilton for businessinsider.com. After trying unsuccessfully to resolve the issues directly with Apple, we’re now requesting that the EC take action to ensure fair competition. Source: businessinsider.com

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Crypto News Platforms 

Binance’s Trust Wallet Enables Credit Card Payment, Adds XRP Support

“Binance has added support for credit card payments on its official wallet platform Trust Wallet” writes Arnab Shome for financemagnates.com. Along with the credit card support, the platform has added support for XRP storage as well.Both the firms first joined hands in January this year to bring similar payment support on Binance’s flagship crypto exchange.Last month, the crypto exchange launched the public test network of its much anticipated decentralized crypto exchange called Binance DEX. The exchange has also decided to make Trust Wallet the native wallet platform for the upcoming…

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News 

BigCommerce Takes On B2B eCommerce

“The company said in a press release Tuesday (March 12) that, along with a slew of partners, it has launched BigCommerce for B2B to provide B2B sellers with resources to more efficiently sell online” reports pymnts.com. The collaborators include trade credit solution provider Apruve, which will integrate its payment term management and payment receipt tools, as well as Bundle B2B, which leverages BigCommerce’s API to provide eCommerce tools for corporate buyers and sellers.BigCommerce is also working with retail operations platform Brightpearl, machine learning shopping experience company Nextopia, B2B order process…

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Crypto Markets News 

Crypto.com Enters Indonesia, Lists CRO on Indodax

“The Hong Kong-based crypto platform has taken this step to penetrate into the lucrative Indonesian market with its blockchain-powered Crypto.com Pay” writes Arnab Shome for financemagnates.com. Moreover, to get a grip on the new market, the blockchain firm has partnered with the local e-commerce giant Yoshugi Media Group to implement Crypto.com Pay.We look forward to developing closer ties with both Indodax and the Yoshugi Media Group as we seek to serve our customers in the rapidly growing ASEAN market.Commenting on the expansion, Kris Marszalek, co-founder and CEO of Crypto.com, said:…

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News 

Five Fintech Payment Start-Ups to Watch in 2019

“Here are 5 impressive FinTech payment start-ups to watch in 2019: Stripe was founded by John and Patrick Collison” writes Finance Magnates Staff for financemagnates.com. The 2008 global crisis was a catalyst in the meteoric growth of alternative FinTech payment start-ups, sometimes referred to as contrarian payment systems.This PayPal subsidiary has substantial backing for its FinTech payments operations and is well positioned for growth in this sector.Launched in 2011, and now boasting 1,500+ employees, this disruptive payment company claims to have millions of registered users. Source: financemagnates.com

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