PSA Group’s CrimsonLogic, a Singapore-based global technology company specializing in digital government and trade facilitation solutions has signed a Memorandum of Understanding with Mastercard, the second-largest payment-processing corporation worldwide.
The collaboration aims to seamlessly digitalise government payments and services by leveraging CrimsonLogic’s expertise in digital government solutions and Mastercard’s extensive global network and innovation in payments.
Furthermore, the...
Mexico is discriminating against U.S. bank card suppliers and homegrown financial technology companies in favor of state-owned enterprises, industry experts say.
“There is a lack of market access for payment processing in Mexico,” Brian Pomper, the executive director of the Washington-based Alliance for Trade Enforcement, told FreightWaves.
The alliance is a coalition of trade associations and business groups advocating for foreign governments to end unfair trade practices.
Pomper, along with...
https://www.freightwaves.com/news/mexico-credit-card-monopoly-hurting-cross-border-trade
ATLANTA — A joint initiative among five separate companies, including Uber Freight, to pay drivers as fast as two hours after receiving documentation is several months old, but some of its participants laid out the specifics to an audience of fintech professionals at a key conference.
What Uber Freight (NYSE: UBER) is calling LightningPay was announced in October. Since the scheduled representative from Uber Freight was not able to join the panel at the Mobile Payments Conference at the Westin...
This fireside chat recap is from FreightWaves’ Supply Chain Meets FinTech event on Wednesday.
FIRESIDE CHAT TOPIC: How leading freight businesses are using digital ledger technology to process end-to-end payments.
DETAILS: Digital ledger technology is among the innovations leading a fintech revolution. DLT uses independent computers (nodes) to record, share and synchronize transactions. In the freight business, DLT can be used to speed payment processing by creating more transparency in the...
https://www.freightwaves.com/news/digital-ledger-technology-is-giving-companies-their-fridays-back
América Latina y el Sudeste Asiático son regiones de fuerte crecimiento para Mastercard tras su retirada de Rusia en marzo y la prohibición de emitir nuevas tarjetas en India en […]
Western sanctions are creating a mass exodus in Russia. With the eyes of the world on Eastern Europe amid Russian aggression in Ukraine, e-commerce companies are beginning to feel the sting of economic barriers implemented by the U.S. and other nations, and they’re pulling out of the region.
Last week, a slew of CPG companies ceased shipments to Russia, including brands like Nestle (OCTUS: NSRGY), Coca-Cola (NYSE: KO) and Philip Morris (NYSE: PM), and e-commerce shippers and logistics companies...
One enduring feature of the gig economy is “multi-apping” — driving or delivering for several platforms. Many gig workers drive not only with Uber, for example, but with Lyft, too.
The problem, though, is that gig workers don’t receive benefits from any of the platforms they work for due to their legal status as independent contractors, which has contributed to a back-and-forth between gig workers and gig companies that has roiled the gig economy for months.
But what if gig workers not only...
https://www.freightwaves.com/news/stride-aims-to-give-every-gig-worker-a-portable-benefits-account
The U.S. Bank Voyager card program has been a resource for fleet operations since the 1980s, gaining acceptance at 97% of all U.S. gas stations and locations for maintenance, food and hotels.
“When you think about all the purchase decisions drivers need to make on the road, their financial provider needs to be a part of a network that is accessible wherever that fleet is moving shipments,” said Jeff Pape, senior vice president and director of product and marketing for transportation at U.S. Bank...
Financial services giant Mastercard and cellular network provider Verizon announced Tuesday plans for a partnership that would facilitate 5G contactless payments for consumers and small- and medium-sized businesses. By 2023, the two companies hope to create a fully touchless retail experience by using smartphones, smart watches and other personal devices as points of sale.
While larger businesses have long had the resources to bring in contactless payment solutions, the partnership between...
https://www.freightwaves.com/news/verizon-mastercard-partnering-on-5g-contactless-payments
The explosion of e-commerce in 2020 brought with it immediate problems for businesses that had never sold online before. Suddenly in survival mode, they quickly learned that deciding to sell online was only one part of the equation – they also had to figure out how to accept payment.
“The payment industry is experiencing a renaissance – a rebirth,” Stovan Kenderov, chief product officer of Plastiq, told Modern Shipper. “We have seen unprecedented [growth] and it is being driven by the...
https://www.freightwaves.com/news/the-payment-industrys-rebirth