Facebook explores WhatsApp digital currency, Western Union CEO on Speedpay sale, Can cannabis merchants clear online sales haze?

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March 1, 2019

X-Border Payments

Western Union CEO: Speedpay Sale Speeds Way To X-Border Payments Growth

In the latest splash during an already-busy year for deal-making in financial services and payments, Western Union sells Speedpay, its U.S. bill payments unit, to ACI Worldwide for $750 million. CEO Hikmet Ersek talks with Karen Webster about the road ahead — global in scope, digitally and focused with laser intensity on cross-border payments.

 

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ID Fraud

When Synthetic IDs Are As Good As The Real Thing

Sophisticated fraudsters are getting better at creating fake identities that are difficult to distinguish from those held by legitimate consumers. The problem is getting worse, as more companies expand their global onboarding efforts and gain worldwide scale. Yinglian Xie, CEO at DataVisor, talks to PYMNTS about how to use data and other digital methods to fight back against these criminals, and their sophisticated fake identities, before it’s too late.

 

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The Matchmaker Is In

Why Retailers Are Crowdsourcing Delivery

Delta Airlines does it to return lost bags. Walmart does it to deliver groceries. Home Depot does it to deliver light fixtures. The “it” is using an “on-the-way” delivery platform to nail logistics with a touch of community. In a new PYMNTS Matchmakers podcast, Karen Webster talks with Roadie CEO Marc Gorlin about how crowdsourcing delivery is helping retailers make the most of delivery’s last mile.

 

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Digital Consumer Onboarding Tracker™

How Cannabis Merchants Seek To Clear The Online Sales Haze

Consumers may expect everything to be home-delivered these days, but ID verification and variable compliance requirements make it difficult to digitally onboard cannabis customers, and provide an online ordering experience that doesn’t rely on in-person verification. In the inaugural Digital Consumer Onboarding Tracker, Spencer Knowles, VP of sales and business development for Massachusetts dispensary operator Sira Naturals, discusses cannabis compliance challenges, KYC requirements and what's preventing industry online sales to bloom.

 

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