Today, in the connected economy, Meta’s Instagram platform is launching a pilot program to allow NFT creators and collectors to share their work.
Also, cryptocurrency platform Wirex is launching a new Visa card, US Bank and LiquidX are teaming up to speed up the supply chain, and Deluxe and Codat are teaming up to simplify accounting for Deluxe’s business customers.
Instagram is testing NFT sharing with select creators and collectors
Creators and collectors of non-fungible tokens (NFTs) will soon be invited to share their collections or their creations as part of a pilot conducted by Instagram.
“At Meta, we look at what developers are already doing in our technologies to enhance the experience, help them create more monetization opportunities, and bring NFTs to a wider audience,” Instagram’s parent company said in a press release.
Meta said it will begin testing digital collectibles with a select group of creators and collectors from across the United States. Features include connecting the digital wallet that holds the NFTs, sharing collectibles or collections, and automatically tagging the creator and collector.
US bank partners with LiquidX to accelerate supply chain transactions
US Bank partners with trade finance FinTech LiquidX to facilitate transactions between buyers and sellers to create faster and easier deals in the supply chain.
“With so many challenges in the corporate supply chain, we want to help make the financing process as smooth as possible,” said Dan Son, head of global banking at US Bank.
He added that the partnership will deliver a single, intuitive interface connecting suppliers, buyers and the bank in the supply chain ecosystem. The bank’s high debt rating will allow it to free up working capital for its customers, Son said.
Deluxe, Codat team up to improve accounting
Payments technology company Deluxe is partnering with small business data `I provider Codat to enable customers using Deluxe’s payroll and HR solutions to automatically reconcile their accounting data with their accounting software.
“Seamless in-platform integration with a company’s accounting software is not common among payroll providers today,” the companies said in a press release. “In the past, small and medium business owners using accounting software like QuickBooks had to export their payroll data from their current payroll provider’s platform and then manually import it into their accounting software.”
This offer is available to customers using QuickBooks Online (QBO), the press release states.
Wirex, Visa team on crypto-backed Visa card
Six weeks after its launch, cryptocurrency platform Wirex has more than 150,000 registrations on its app and is now planning to work with Visa on a crypto-backed card to offer a range of payment and crypto-related services.
“Regardless of age, background or experience, we strive to enable mainstream users to take advantage of crypto in their everyday lives,” said Wirex USA Managing Director Harold Montgomery.
Wirex’s US product will allow users to buy, hold, exchange and sell US dollars and 37 cryptocurrencies from its app, the company said.
Entersekt, Capitec team to improve e-commerce security
Device identity and authentication solutions company Entersekt is partnering with South Africa’s Capitec Bank to offer more secure e-commerce payments.
Entersekt’s solution leverages behavioral analytics from NuData Security to provide risk-based authentication technology, the companies said in a press release, noting they have been collaborating for the past two years.
“E-commerce or card-not-present fraud remains unacceptably high in South Africa, accounting for 80% of credit card fraud and 53% of debit card fraud last year, according to SABRIC,” said Schalk Nolte, CEO of Entersekt . “Entersekt’s EMV 3-D Secure solution combines our strong authentication technology with the latest behavioral technology to address precisely this security problem.”
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NEW PAYMENT DETAILS: THE TRUTH ABOUT BNPL AND STORE CARDS – `RIL 2022
Above: Shoppers who have loyalty cards use them for 87% of all eligible purchases — but that doesn’t mean retailers should launch “buy now, pay later” (BNPL) options at checkout. The Truth About BNPL And Store Cards, a collaboration between PYMNTS and PayPal, surveyed 2,161 consumers to find out why providing BNPL and store cards is key to helping merchants maximize conversion.
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