The information you need to start your day, from PaymentsSource and around the web:
Going green
Payment processor Adyen has launched an environmentally-focused product that gives consumers the option to offset the carbon footprint of their payments.
Adyen partnered with sustainability technology firm South Pole to build an emissions calculator. Consumers pay the offsets to reforestation or renewable energy projects. Online supermarket chain Kazidomi is among the early adopters, according to Adyen.
Mastercard and Doconomy recently developed a calculator and index that measures a purchase's carbon footprint, with
Crowd favorite
All-in-one card firm Curve is launching a crowdfunding round as part of its next fundraising effort, which it hopes to use to pay for expansion in the U.S. and Europe.
The London-based
The 2019 crowdfunding round drew about $6 million, and came around the same time as a VC round of about $85 million. The company reports its customer base has doubled to more than two million since the 2019 round.
Going digital
Israel is the latest country to move toward a central bank digital currency, as the Bank of Israel starts research and opens public input on a digital shekel.
The working model would use the central bank to provide digital shekels to private-sector payment companies, which would interface with the public, according to
Most CBDC projects envision a
On the bus
Monterey-Salinas Transit is the first mass transit system in California to deploy Visa's contactless boarding system. It's also the first agency to upgrade its payments system under a statewide transit overhaul that aims to reduce friction for more than 300 transit networks.
Visa has deployed contactless payments for transit systems in New York, Chicago, Miami and Portland, Oregon. Salinas is the first deployment outside of a large city, and Visa hopes to demonstrate contactless fare collection is workable for systems of all sizes.
Visa pushed contactless transit boarding as a way to encourage payments technology during its most recent earnings report, with
From the web
REUTERS | Wednesday, May 12, 2021
Just Eat Takeaway.com, Europe's largest food ordering and delivery company, said on Wednesday it would launch a supermarket delivery service in Germany and is considering doing the same in other markets.
THE WALL STREET JOURNAL | Tuesday, May 11, 2021
China, home of the Great Firewall, is trying to bring order to a scrappy corner of cyberspace—and in the process put its mark on the next-generation internet.
TECHCRUNCH | Wednesday, May 12, 2021
Ever get a text message informing you that you’ve won a prize — from Amazon itself? I certainly have, and I’ve even known a person or two who fell for those scams. Now, Amazon is attempting to hunt those scammers down, with a new lawsuit aimed at unmasking 50 unknown defendants in federal court.
More from PaymentsSource
The urgency to streamline processes during the pandemic accentuated how digitization can also drive diversity, fairness and better environmental outcomes, says Microsoft’s
Legacy vendors are competing more aggressively to modernize payroll, insurance payouts and data sharing.
Apple provided in-depth detail on how many apps it rejected last year and why its iPhone payment system keeps customers secure, seeking to deflect claims from Epic Games that its review process and purchase system is a deterrent to competition.
ByteDance's TikTok is working with brands including streetwear label Hype to test in-app sales in Europe, a move that will intensify its competition with Facebook Inc. and further blur the line between social media and online shopping.
The San Francisco-based technology provider raised $70 million in a Series C round this week, bringing its total funding to $114 million.
Google is enabling cross-border payments within the Google Pay app through integrations with Western Union and U.K.-based remittance firm Wise.
While the eventual emergence from lockdown will help ease the pressure on overworked compliance departments, there is still an obvious need for tools that will make the anti-money laundering process simpler and stress-free, says SmartSearch's
Both vendors use remote hosting and web delivery to support e-commerce, APIs and other technologies that go beyond their traditional focus on the ATM and point of sale.
Despite strong payment volume and revenue, Affirm's earnings suffered due to stock compensation and an adjustment on its purchase of PayBright in January.
Fraud is commonly viewed as a series of unique events such as a phishing attack, or target- based, such as romance fraud, or even by type such as unemployment fraud. Unfortunately, fraud is often so intertwined that a single event — such as Marriott’s 2018 data breach — often leads to another, such as synthetic fraud.
A 125,000-point sign-up bonus. Credits for Equinox personal training. An exclusive airport lounge with cold brew on tap.
New applications of QR codes in recent months mean that they have become part of our everyday lives, including as part of ticketing.
The Mojaloop Foundation's Adama Diallo and Paul Hunter argue open, affordable real-time payments systems have the potential to include all and help turn underserved women into the newly served, enabling them to become economically active.
American Express is trying to differentiate itself from other card networks by making loans through its bank and incorporating accounts payable services and lending technology it inherited with its acquisitions of Acompay and Kabbage.
MoneyGram is digging in its heels in anticipation of competition with Western Union at Walmart locations.
To make clear that debit card issuers should allow merchants a choice for routing card-not-present debit payments, the Federal Reserve is seeking public comment on proposed changes to Regulation II.
Twitter's new Tip Jar feature, which enables users to monetize their tweets, has led to immediate privacy issues.
This year's honorees are women under 40 who have demonstrated a strong talent for leadership and an expertise in their respective fields. They also took on crucial responsibilities to help their organizations navigate the complexities of the pandemic, and set their companies on a path for continued growth.
