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From open banking to open finance and beyond: The future of financial data-sharing

The Payments Association

The ability to integrate diverse data sources for real-time fraud detection and transaction monitoring will become a key differentiator in an open data economydirectly impacting cost structures and risk models for payments providers.

Finance 88
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Western Union Misses On Earnings, Announces 10 Percent Staff Cut 

PYMNTS

We remain on track to deliver on our 2019 outlook, excluding the costs related to the operating model changes we announced today,” President and CEO Hikmet Ersek said of the result. “Our second quarter results were stable, and strong growth in digital continued, with particularly impressive results in cross-border digital transactions.

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PayPal Changes Seller Refund Fee Policy

PYMNTS

11, 2019.”. “We The policy change allows us to align more closely to our cost structure, to the policies of our payments partners and to industry practice. The policy change is going into effect beginning on Oct. We believe that this policy change is in line with industry practice,” the spokesperson added. “We

PayPal 72
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Federal College Aid Applications Fall As Pandemic Upsets Student Plans

PYMNTS

The count of high school seniors seeking federal college aid dropped by almost 50 percent compared to levels in 2019 in the beginning weeks of the COVID-19 health crisis, which was driven by a sharp fall when it came to students at schools with more moderate incomes, the Associated Press reported.

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Big Tech Pummeled On News Of China’s Currency Slide

PYMNTS

stocks had their worst weekly performance of 2019 and continued falling on Monday after China allowed its currency to fall to its lowest level against the dollar. CNBC reported that Microsoft , Apple , Amazon , Alphabet and Facebook — the five most valuable U.S. companies — lost a combined $162 billion on Monday (Aug. 1, the U.S.

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Marxent’s Move To Make Furniture Shopping More Immersive

PYMNTS

Our goal was to provide the most personalized visualization experience available without restricting catalog size or flexibility, to introduce a new cost structure that reflects retailer desire to offer mass customization as well as for easy deployment,” Besecker said.

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Motus On Mapping Mileage Reimbursement

PYMNTS

However, push the odometers higher than those rates, and managing driver-related costs may be best tied to technology leveraged to accurate mileage reporting, and streamlining the costs of maintaining and using vehicles — among the highest operating costs, now much more expensive in the wake of the new mileage rates.

IRS 59