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Rio 2016 To Highlight Major X-Border Procurement Risks

PYMNTS

We’re a few weeks away from the opening ceremonies of the 2016 Summer Olympic games, to be held, this time, in Rio de Janeiro, Brazil. It’s a massive opportunity for cross-border commerce , and payments technology companies are taking advantage. “The Olympics are a global activity.”

Risk 41
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Open banking marks major milestone of 10 million users

Open Banking

OBL was only set up in 2016, with the launch of open banking in January 2018, and it’s been encouraging to see sustained growth in such a short time. “ Competition has been a key driver to growth, and we’ve observed that when one company focuses on open banking technology their direct competitors soon follow.

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PayPal Deeper Integration With Facebook Messenger

PYMNTS

PayPal’s integration with Messenger had been previously announced – but Facebook has been cautious in its rollout of Messenger payments and says it will roll out this latest upgrade in full by the end of 2016. Though when exactly, or even vaguely, users overseas can expect to see a PayPal/Messenger tie-in remains to be announced.

PayPal 71
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NEW REPORT: B2B Banking’s Tech-Driven Future

PYMNTS

According to the 2016 Electronic Payments Survey released by the Association for Financial Professionals, the use of checks is actually on the rise in B2B payments, compared to usage levels in 2013. Enter the new PYMNTS.com B2B API Tracker™.

B2B 76
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In The UK, Cash And Contactless Are Vying To Stay On Top

PYMNTS

When the limit on contactless payments in the U.K. was raised in 2016 from £20 to £30, the overall volume of contactless payments tripled. As of 2016, total banknotes in circulation grew by 10 percent to reach £70 billion — the fastest growth in a decade, according to the Bank of England (BoE). As of 2016, some 3.7

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RegTech, AI Fuel Strong B2B FinTech Numbers

PYMNTS

Analysts said the industry has seen its highest venture capital activity since Q1 of 2016, fueled by focus on late-stage investment rounds. The startup also provides bank services to generate revenue from other processes, including B2B payments and eCommerce checkout. Good news emerged from the U.S. million, according to reports.

B2B 77
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FIS Report Gauges Appetite For Real-Time Payments

PYMNTS

Each year, for the past three years, financial services firm FIS publishes its Flavors of Fast report, an examination of various faster payments initiatives. On Tuesday (June 7), the firm published its 2016 version , first announced at the Euro Banking Association’s EBAday 2016.