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.
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, 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, 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.