Author: Sarim Pixako

Digital dollar advocates told a U.S. Senate committee on Tuesday (June 30) that electronic currencies could help consumers. However, committee Chairman Mike Crapo (R-Idaho) said the sector needs “rules of the road,” while ranking Democratic member Sen. Sherrod Brown (D-Ohio) asked, “Why on earth would we trust big tech with our banking system?” “Big Tech … Continue reading US Senate Committee Weighs Pros And Cons Of Digital Dollar Continue Reading →

Card issuer Marqeta has been helping U.K.-based Capital on Tap to expand its small business credit lending services to Spain, a press release says. With Marqeta’s services, Capital on Tap will be able to offer a €50,000 capital facility for small businesses, along with more transparency and efficiency, the release noted. Customers won’t have to go to a bank in … Continue reading Marqeta Helps UK SMB Credit Lender Expand Into Spain Continue Reading →

Careem, the Dubai-based ride hailing company, has entered into a partnership with Visa to expand digital payments. The agreement is expected to accelerate cashless payments and digital banking across the Middle East and North Africa, the companies announced. Under the terms of the deal, Visa is integrated into the Careem Pay Super App which will provide Careem … Continue reading Visa, Careem Team To Support Digital Payments Growth In Middle East, N. Africa Continue Reading →

Lots of Taco Bell customers hoping to get their hands on a free Chalupa Craving Box were disappointed when the Mexican and Tex-Mex fast food chain’s app and website crashed Tuesday morning, MassLive reported. As Taco Bell regulars know, the $5 Cravings Box includes a five-layer beef burrito, a taco, cinnamon twists and a medium drink as well … Continue reading Free Food Offer Crashes Taco Bell’s App, Website Continue Reading →

Travel tech companies TravelgateX and PayParc have made a deal to create a B2B digital wallet, operating via API integration and available for any buyer or seller using TravelgateX, a press release says. The release cites the complications in the travel industry due to the COVID-19 pandemic, which has rendered much of the industry useless with shutdowns and people’s fears over … Continue reading TravelgateX, PayParc Collaborate On Digital Wallet For Instant Travel B2B Payments Continue Reading →

Payments credit union service organization (CUSO) PSCU has acquired payment solution firm Primax, according to a press release. PSCU president and CEO Chuck Fagan said PSCU and Primax shared many of the same values. “PSCU has transformed its business model and evolved from a transactional processor and reseller of a platform partner’s products to an integrated, value-add financial technology solution … Continue reading PSCU Finalizes Purchase Of Card Issuer Primax Continue Reading →

The Bank for International Settlements (BIS) Innovation Hub is planning on adding four new locations in Europe and North America, according to a press release. The hub, which looks to analyze trends in financial tech relevant to central banks, plans to open up locations in Toronto, London, Frankfurt & Paris and Stockholm with the respective central banks … Continue reading BIS To Open Four New Innovation Hubs Over Next Two Years Continue Reading →

Cade, the Brazilian antitrust watchdog, announced it would be reversing its decision to suspend the WhatsApp payment services partnership between Facebook and Brazilian card operator Cielo, Reuters reported. According to Cade, the decision was made because preliminary information from both Cielo and Facebook indicated that they would not infringe on peoples’ choices and wouldn’t limit other deals with rival companies. Cielo … Continue reading Brazil Regulator Lifts Suspension Of WhatsApp’s Pair-Up With Cielo Continue Reading →

As the pandemic continues to disrupt everyday life the world over, entertainment venues are providing compensation for things consumers paid for but aren’t able to use. Broadway theaters, in one case, are offering remuneration for tickets. The Broadway League said in an announcement that Broadway performances in New York will be halted for the rest of the year … Continue reading Coronavirus Refunds: Broadway Theaters To Offer Reimbursements, Exchanges For Tickets Continue Reading →

In a move that caught much of the world off guard, athleisure giant Lululemon announced plans this week to buy home-exercise technology startup Mirror for an impressive $500 million. The deal comes as the global pandemic has shut down gyms nationwide, leaving U.S. consumers finding ways to digitally transplant their gym workouts into their homes — a real boon … Continue reading Why Lululemon’s $500M Mirror Deal Is A Muscular Move Into ‘Contextual Commerce’ Continue Reading →