The global brand that has taken the concept of “personalized” to a whole new level (half caf, 2 pump, non-fat, no whip, no foam latte) has decided to test “no cash” as part of their ever-expanding repertoire. The posh Seattle Starbucks at Second Avenue and University will no longer accept cash as a form of payment – at least for now.
Time magazine named “The Silence Breakers” its Person of the Year. Headlines are full of disclosures about companies and the government paying huge settlements for inappropriate workplace behavior and sexual harassment of women. The “#metoo” movement has empowered women to step forward and expose the pervasiveness of inappropriate behavior in corporations across the nation.
PF Parkmobile Secures Sole Investor; Japan Finally Moves Towards Cashless; Visa Partners with PayMate: News Roundup
PF Parkmobile secures a substantial investment while Japan finally makes the move towards cashless. Visa also partners with PayMate to better service SMBs and ThreatMetrix collaborates with GlobalOnePay to enhance fraud prevention.
Payment Facilitators Thrive as India Continues its Push Toward Cashless
Indian ecommerce and e-payments payment facilitator Paytm is again adding new services while Razorpay is aiming to gain traction in the ever-growing Indian commerce marketplace. And eMarketer recently touted India as “the fastest growing proximity mobile payment market in the world.”
Dream Payments, First Data and Intuit Collaborate to Enhance the Payment Experience; Verifone and Alipay Expand Partnership: News Roundup
Dream Payments, First Data and Intuit come together to elevate the payment experience while Verifone and Alipay expand their partnership. And in other news, Visa makes signature optional at qualifying locations while TSYS completes its acquisition of Cayan.
NY DFS Fines Western Union $60 Million for Anti-Money Laundering Violations
The New York State Department of Financial Services (DFS) has fined Western Union for failure to implement effective anti-money laundering compliance programs in-house and for failure to report suspicious activity – some of which could have facilitated human trafficking.