FTS Daily Roundup starts today! We are covering the top updates from around the world. The updates will feature state-of-the-art capabilities in Finance, Fintech, Blockchain, Digital Payments, and Banking. We will cover the role of FTS Daily Roundup and its application in various industries and daily lives.
Juniper Research: eCommerce Losses to Online Payment Fraud to Exceed $20 Billion Annually in 2021
Online Payment Fraud is costing billions to e-commerce businesses. According to a new study from Juniper Research, the value of losses due to eCommerce fraud will rise this year, from $17.5 billion in 2020 to over $20 billion by 2021; a growth of 18% over a single year! China is the biggest target for Online Payment Fraud perpetrators.
Vena Raises $300 Million in Series C Funding To Transform How Businesses Plan To Grow
Vena, the Complete Planning platform loved by finance and trusted by business, today announced it has raised $300 million in Series C funding. The minority round is one of the largest for a Canadian tech company and is led by Vista Equity Partners (“Vista”), a leading global investment firm that exclusively invests in enterprise software, data and technology-enabled businesses. Vena will use the funds to accelerate growth and continue to provide a market-leading customer experience.
Merchants Can Offer More Touch-free Ways to Pay as Fiserv Brings PayPal and Venmo QR Code Payments to the Point of Sale
Fiserv, Inc., a leading global provider of payments and financial services technology solutions, is enabling businesses of all sizes across a range of industries to support in-demand digital payment options and expand their touch-free payment capabilities via a new relationship with PayPal.
Despite Digital Acceleration, Banks Still Lack Ability to Achieve Peak Productivity from Technology Investments, Accenture Report Finds
A new report by Accenture found banks must extend and scale digital technologies across operations to achieve future-readiness while facing rising consumer expectations and regulatory requirements.
Deluxe to Acquire First American Payment Systems for $960 Million All-cash Deal
Deluxe, a Trusted Business Technology™ company, announced an agreement to acquire First American Payment Systems (“First American”) for $960 million in cash, subject to customary adjustments. This transaction is expected to accelerate the company’s transformation into a leading payments technology company as part of its One Deluxe strategy.
