Visa buys Rambus’s token services business, SWIFT opens gpi to blockchain rails, and Fundbox brings alt credit to OroCommerce platform

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TODAY'S NEWS | OPINION | INDEXESTRACKERSPYMNTS LIVE

June 25, 2019

Online Marketplaces

Marketplaces’ Cross-Border Future

Online marketplaces are growing in popularity and power — and they’re enabling more cross-border commerce and payments. PingPong Financial Chief Business Officer Ning Wang talks with Karen Webster about how to best bring together the various cogs of marketplace operations, and how operators can take Amazon’s best lessons and apply them to their own businesses.

 

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Trade Credit

Fundbox And OroCommerce Team To Break The $3.1T Trade Credit Logjam

Trade credit is an established, but inefficient practice that results in $3.1 trillion in outstanding invoices. Fundbox and OroCommerce have teamed to enable credit to SMBs via OroCommerce’s B2B eCommerce platform, turning the Fundbox gridlock into growth, VP of Business Development and Partnerships Jason Smith tells PYMNTS.

 

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Automated Retail

Automated Retail’s ‘Fast And Frictionless’ Ambitions

Automation is critical for retailers to deliver fast and frictionless commerce experiences, but it can also help build specialized skills and higher paying jobs in retail. Worldnet Payments Chief Innovation Officer and Co-founder John Clarke explains to PYMNTS how automated retail can have a positive ripple effect that runs counter to fears of the “rise of the robots.”

 

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 Breaking News

Visa Buys Rambus Payments To Tokenize Any Transaction On Any Network

In the battle against payments fraud, tokenization offers a strong arrow in the quiver. Visa announces today (June 25) that it has acquired the token and ticketing services technology of Rambus. Visa’s TS Anil, senior vice president and global head of payment products & platforms, tells Karen Webster how the move brings tokenization to greenfield opportunities beyond the card, to account-to-account and real-time payments — and possibly beyond.

 

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