In today’s top news, Revolut rolled out a new booking tool, Square added banking services to its small business platform and Fabric raised $100 million to expand its headless eCommerce platform.
Revolut has introduced a new booking tool, Revolut Stays, that gives customers 10 percent instant cash back on reservations. The tool is available to customers in the U.K. with plans to expand to Europe and the U.S.
Square has launched Square Banking, a suite of financial services that that connects directly with sellers’ payments, designed to help small business owners manage their cash flow.
Fabric, a headless eCommerce platform, has raised $100 million in Series B funding led by Stripes to fuel its global expansion. The firm aims to help thousands more mid-size and enterprise B2B and B2C companies across the globe develop and modernize their eCommerce platforms.
At a meeting with the President’s Working Group (PWG) on financial markets, U.S. Treasury Secretary Janet Yellen told regulators it is critical that the government establishes and adopts a framework for digital currency stablecoins. The meeting included regulatory watchdogs in the financial sector to discuss pressing issues.
Superconnected consumers use a variety of connected devices to interact, shop and pay online, but say password-based authentication slows them down. PYMNTS surveyed 2,127 consumers and found that these highly connected, highly desirable customers want financial institutions (FIs) and merchants to ditch the password and provide a better and secure way to authenticate themselves online.
Visa’s new “Meet Visa” campaign positions Visa as the network that people and businesses globally use to pay and to be paid. Chief Global Marketing Officer Lynne Biggar told Karen Webster the brand refresh also includes a powerful new brand symbol that redefines what it means to be a global acceptance network.
As Jeff Bezos, Richard Branson and Elon Musk jockey to make space travel history, the high-price hobby of the mega rich might in fact drive scientific, manufacturing and even supply chain innovations light years into the future.