Payoneer replaces PayPal in latest agreement with eBay

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As eBay further distances itself from its PayPal relationship and looks to consolidate its payments inhouse, the e-commerce monster has signed a new deal with Payoneer.

Payoneer replaces PayPal in latest agreement with eBay

Payoneer says it is collaborating with eBay to enable sellers in select countries to get paid for their sales on eBay’s core marketplace.

The company has teamed up with Payoneer as part of its mission to modernise its marketplace, removing complexities and creating a more streamlined payment experience for sellers around the world.

Now, sellers will benefit from faster access to funds, greater flexibility managing multi-currency

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Digital Dollar Foundation announces 5 pilots of US CBDC

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The Digital Dollar Project, a non-profit organisation, has announced it will launch five pilot programs over the next 12 months to test the potential uses of a US central bank digital currency (CBDC), the first effort of its kind in the US.

Digital Dollar Foundation announces pilots of CBDC

The private-sector pilots will be funded by Accenture and involve financial firms, retailers and NGOs, among others. The aim is to generate data that could help US policymakers develop a digital dollar.

A partnership between Accenture and the Digital Dollar Foundation, the Digital Dollar Project was created last year to promote

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The coming crisis in KYC and KYB explained at length

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A wide range of factors are converging to make Know Your Business (KYB) a major pain point for financial institutions (FIs) in the years ahead. Banks and other FIs must take action to reduce spiralling fraud rates, improve customer service and ensure they are compliant with increasingly stringent regulatory requirements.

The coming crisis in KYC and KYB explained

The most obvious change in the global economy – and one that’s accelerated thanks to COVID-19 – is the move to digital payments, especially through account-to-account (A2A) payments and instant payments using third-party FinTech providers.

According to Juniper Research, B2B instant payments

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securing the future for contactless cards

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Digital wallets and account-to-account payments are growing fast – but contactless cards are currently Europe’s most popular way to pay, and will remain central to the payments mix.

Biometrics: securing a future for contactless cards

By now, there can be no doubt that our economy is going digital, driven by the widespread adoption of mobile devices and consumer appetite for purchasing online, whether via computer or mobile device.

In the US alone, digital commerce sales grew by more than 32% in the last year to reach $794.5 billion, according to e-marketer – TietoEVRY’s Steve Warner looks at the long-term prospects

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