News 

High-Tech Gadget Lets Thieves Steal Credit Card Info At Gas Pumps…

“In a memo to its field offices, Krebs reports, the agency said some high-tech thieves have devised an innovative way to steal your credit card information: adding next-gen credit card skimmers to gas pumps” reports fastcompany.com. These nasty little gadgets swipe the data from cards that use the contactless payment method at the gas pump. Source: fastcompany.com

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Crypto News Platforms 

Paxful & BitMart Partner to Provide Further Crypto Liquidity

“Paxful, a peer-to-peer Bitcoin marketplace, announced this Thursday that it has integrated onto global digital asset trading platform, BitMart” writes Celeste Skinner for financemagnates.com. The partnership with Paxful brings the BitMart platform into the peer-to-peer financial ecosystem, making it one of the only exchanges to enter into the sector.Whilst customers of BitMart have more payment options to choose from under the collaboration, clients of Paxful also receive direct access to the digital asset trading platform, which has more than 180 additional trading pairs.Furthermore, when a customer signs up to Paxful,…

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KyckGlobal Debuts On-Demand Workforce Payments Platform

“The platform supports same day ACH, prepaid card, cash and debit payments to PayPal, Bitcoin, and other payment methods for on-demand workers to receive compensation” reports pymnts.com. In addition to payment solution companies like PayPal integrating support for the gig economy, gig economy platforms like Uber have also launched initiatives to streamline payouts for on-demand workers using their solutions. Source: pymnts.com

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UMB Bank Taps Bottomline For AP Offering

“UMB Financial Corporation is teaming up with Bottomline Technologies to integrate an accounts payable management offering for corporate customers” reports pymnts.com. The companies said their collaboration can yield lower accounts payable costs, heightened security and transparency, optimized payment routing, faster payment discounts, and overall accounts payable efficiencies. Last year UMB announced another partnership with U.K.-based Fraedom, integrating its corporate payments, commercial card and expense management solutions for business customers.UMB Bank Executive Vice president, Director of Treasury and Commercial Card Sales Brian Hutchin said that promoting use of commercial cards is…

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Crypto News Platforms 

Fintech Company TrueDigital Appoints Former Bridgewater Associates Executive as CEO

“New York-based fintech company TrueDigital Holdings (TDH) announced the appointment of former Bridgewater Associates chief operating officer Thomas Kim as its new CEO through a post on its website on Feb. 19” writes Adrian Zmudzinski for cointelegraph.com. In January of this year, blockchain platform Qtum also announced that it was introducing Bitcoin atomic swaps to its mainnet infrastructure.The aforementioned payment platform also attracted a “significant number of institutions within the first 30 days of operation,” according to the announcement. Source: cointelegraph.com

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Crypto News 

Startups-Focused Law Firm Now Accepts Bitcoin Cash Payments

“The corporate law firm, which has helped over 300 startups raise more than $500 million in venture capital, now accepts direct cryptocurrency payments via Bitpay” reports bitcointoday.club. We speak our clients’ language and now accept payment in their preferred currency.” What do you think about law firms accepting bitcoin payments?. Cryptocurrency ventures that don’t wish to convert their holdings to fiat can now pay for legal services with bitcoin cash (BCH) or bitcoin core (BTC) with Atrium.Also Read: Wikipedia Now Accepts Bitcoin Cash Donations via Bitpay Atrium, a legal services…

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Microsoft’s investment arm M12 leads $15M funding round for corporate payments startup nsKnox

“In a press release, nsKnox cited a study where 78 percent of companies surveyed were victims of payment fraud in 2017” writes Nat Levy for geekwire.com. Microsoft has invested in a startup based in Boston and Tel Aviv, Israel, that aims to make corporate payments more secure.The startup makes technology that allows organizations to validate payment authenticity, verify sender and receiver, and identify and prevent manipulations. Source: geekwire.com

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Why Faster Payments Isn’t The Answer To Accounts Receivable Delays

“With faster payments functionality beginning to take off in the U.S., the outlook of how accelerated transaction times might impact B2B payments and, more specifically, the issue of late payments to suppliers, remains unclear” reports pymnts.com. Yet, another key factor behind faster payments’ inability to accelerate supplier payments, both across Europe and in the U.S., is a lack of remittance data, he said.Addressing the remittance data gap may certainly help to spur adoption of digital and faster payments in the B2B arena.Companies weren’t any better off after faster payments.” One…

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FSB Pressures UK To Nix Contracts To Late Payers

“Small businesses combatting the practice of late invoice payments in the U.K. are proposing a new tactic in the fight” reports pymnts.com. The FSB has raised the issue of government contracts awarded to late payers in the past. In October the group called for late payers to be stripped of government contracts after Carillion, one of the largest government contractors in the U.K., fell into insolvency, with reports subsequently revealing the company’s practice of late supplier payments.Last year analysis from KPMG found only 17 companies in Scotland out of nearly…

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Crypto News 

‘Japanese Amazon’ Rakuten Tries Hand on Crypto

“A big Japanese e-commerce company, dubbed the Amazon of Japan, Rakuten, released a statement about their plans on making Bitcoin and other cryptocurrency as form of payment processor” reports livebitcoinnews.com. Actually, it’s not the first time that Rakuten has gotten interested in offering Cryptocurrency as an option for payment.Rakuten Pay, the app platform, is expected to release a new version in the next 4 weeks, attached with a Cryptocurrency payment choice, alongside cash.It also showed optimism for Cryptocurrency capitalists willing to know about the effect of Rakuten’s offering for Bitcoin…

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