Libra Resistance And Gig Early Pay Top Week’s News

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Top News

Mastercard Launches Early Pay Option For Gig Workers

According to a recent study conducted by PYMNTS and Mastercard, of the 38.7 percent of the U.S. workforce engaged in the gig economy — particularly the 13.3 percent who live paycheck to paycheck and have no savings for emergencies — income instability and unpredictability create serious cash flow challenges.

Banks, Govs Show Continued Resistance To Facebook’s Libra

Though the currency could potentially alter the financial landscape for good, many banks have simply not responded to the issue. Many cite the obvious regulatory issues involved with identification and money laundering, while others say they don’t like how Facebook introduced the coin.

Visa Invests In Crypto Storage Innovator Anchorage

Anchorage’s offering provides an alternative to so-called “cold storage,” where private keys are tucked away in offline locations that are hard to find, such as bank safety deposit boxes or inside of mountains. By comparison, Anchorage taps into biometric-based software and multiple human reviews to safeguard investors’ digital currency. The benefit is that investors have greater control over and access to their assets.

Brighterion and Elavon Strike AI Anti-Fraud Deal For the Acquiring Space

The rise of artificial intelligence is not a single force or event — not like the tide rising in the distance. It is countless steps forward (or sideways), little bits of progress and development — pieces fitting together to form a still unseen whole. In this case, artificial intelligence (AI) is moving deeper into the acquiring world.

InstaReM CEO: Why We Want a Digital Banking License

When Facebook’s Libra news broke like a tidal wave on the payments and commerce ecosystem a few weeks ago, there was no shortage of opinions about what it meant and whether or not it would take the world by storm. For Prajit Nanu, CEO at InstaReM, it was a singular experience — not because of what was said about the Libra platform itself, but because of something he learned about the world through watching its reactions.

Reports and Trackers

Facebook’s Libra and the Future of Digital Identity

With the digital identity market expected to reach $15 billion by 2024, major ID providers such as Google and Apple are racing to improve the identity verification experience. Their presence is felt in every corner of digital life: utilizing these providers to log in to third-party websites has become ubiquitous, along with the ability to pay for goods and services via the developers’ proprietary payment methods.

Report: The Reason High-Margin Companies Pay SMB Suppliers Late

Most individuals would feel compelled to have a good excuse if they were late in paying back someone who lent them money. This isn’t the case in the world of trade credit, however, in which millions of U.S. firms sell their products and services to each other with the expectation that they will wait weeks — or even months — to be paid.

Fun, Cool and Otherwise Interesting

Cashierless Innovation In Retail Gets a Fresh Boost In the UK

Can cameras replace cashers in retail? The grocery industry is making a go of it.The latest effort comes from the U.K.

Why Prime Day Is About More Than Amazon

The annual retail event known as Amazon Prime Day is about more than Prime or the giant eCommerce operators. It’s also about larger eCommerce trends, given that nearly everything that Amazon does helps sets the pace for other retailers, and helps set the standards for consumer demands.

Can Cameras Remove Friction From The Fast Food Drive-Thru?

Starbucks, whose use of mobile commerce technology is the source of envy and imitation in the quick-service restaurant (QSR) and even wider retail world, is also involved in this trend.

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Latest Insights: 

Our data and analytics team has developed a number of creative methodologies and frameworks that measure and benchmark the innovation that’s reshaping the payments and commerce ecosystem. The July 2019 edition of the FI Innovation Readiness Playbook examines how the innovation playing field is leveling as small FIs implement bolder strategies and larger banks adopt more measured approaches.

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