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Report: EU Questions Retailers in Visa and Mastercard Fee Controversy
Report: EU Questions Retailers in Visa and Mastercard Fee Controversy
November 06, 2024  |  ANTITRUST

The European Commission has reportedly launched a probe into whether Mastercard and Visa’s fees are hurting merchants. The commission sent out questionnaires to retailers and payment...

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Sovos Unveils 1099 Professional for SMB Tax Reporting
Sovos Unveils 1099 Professional for SMB Tax Reporting
November 06, 2024  |  Taxes

Tax information reporting can be a challenge for small and medium-sized businesses (SMB). For example, there are 21 different types of IRS 1099 forms, there...

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Alipay+ and PayPay Expand Partnership for Cross-Border Payments in Japan
Alipay+ and PayPay Expand Partnership for Cross-Border Payments in Japan
November 06, 2024  |  Cross-border Payments

PayPay, a QR payments operator in Japan, is expanding its partnership with Alipay+ to widen its merchant coverage network across Japan. More than 3 million...

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UK Launching Platform to Boost Business Trust in AI
UK Launching Platform to Boost Business Trust in AI
November 06, 2024  |  artificial intelligence

The U.K. is providing a platform to help businesses assess and mitigate the risks associated with artificial intelligence (AI) as its use becomes more widespread....

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Visa Invests in Four African FinTech Startups From Accelerator Program
Visa Invests in Four African FinTech Startups From Accelerator Program
November 06, 2024  |  VISA

Visa is injecting fresh funding into four startups that graduated from the first batch of its Visa Africa Fintech Accelerator program. The investments highlight Visa’s...

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FTC Accuses Digital Banking Platform Dave of Charging Undisclosed Fees to Users
FTC Accuses Digital Banking Platform Dave of Charging Undisclosed Fees to Users
November 06, 2024  |  Regulation

The name of online banking platform Dave suggests a dependable friend. But after fielding consumer complaints, a regulator says Dave’s cash advance app is not...

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JPMorgan to Integrate On-Chain FX Settlement into Kinexys Blockchain Platform
JPMorgan to Integrate On-Chain FX Settlement into Kinexys Blockchain Platform
November 06, 2024  |  Blockchain

J.P. Morgan has announced a significant enhancement to its blockchain platform, recently rebranded from Onyx to Kinexys. The bank will integrate Kinexys Digital Payments with...

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PagBrasil and B89 Team to Extend Pix Payments Beyond Brazil
PagBrasil and B89 Team to Extend Pix Payments Beyond Brazil
November 06, 2024  |  Partnerships

Peru’s B89 teamed with PagBrasil, which develops cross-border solutions for Brazil’s Pix payment system. The partnership will let B89 — a digital financial solutions company...

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AI Startup Perplexity Set to Reach $9 Billion Valuation
AI Startup Perplexity Set to Reach $9 Billion Valuation
November 05, 2024  |  artificial intelligence

Perplexity, an artificial intelligence (AI)-powered search engine, is set to triple its valuation from a few months ago following its latest funding round. The company...

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