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Top News In Payments: Digital Currency Faces Greenspan Backlash; Amazon Boosts Its Grocery Program; Goldman Denies Apple Card Discrimination

PYMNTS

China is making privacy allowances for digital currency , which faces a new foe in the U.S. Former Fed Chair: Central Banks Have No Reason To Issue Digital Currencies. 12) that central banks have no reason to issue digital currency. 12) that central banks have no reason to issue digital currency. Former U.S.

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Walmart Beats The Street, Talks Up eCommerce

PYMNTS

For the third quarter in a row Walmart has beaten analysts’ predictions on revenue and marked same-store sales increases (a difficult magic trick in retail these days) — and in Q3 the company also had some more than solid growth in eCommerce lines and on the global scene. percent (excluding currency swings). Digital sales popped up 20.6

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Taking AI Beyond Fraud Prevention And Into The Realm Of Smart Payments Routing

PYMNTS

Artificial intelligence (AI) can improve the eCommerce experience – not just in terms of warding off fraud, but also in making sure payments can be processed efficiently and that the most effective payment gateways are accessed. At least some of that data, he said, can be gathered at the point of sale interaction.

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i2c President Says Blockchain Will Unlock Cryptocurrency

PYMNTS

To get a sense of just how hard it is for cryptocurrencies to gain, well, currency in everyday life, consider bitcoin, perhaps the granddaddy of cryptocurrencies — and still the 900-pound gorilla in the space, with roughly two-thirds of the market cap across the entire sector. Back in May, i2c Inc. The Demographics — And Digital Fiat .

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Data Enabler Zooz Leverages Data To Drive Revenue

PYMNTS

Second, the platform facilitates cross-border eCommerce by supporting multiple payment methods (including e-wallets) and acquirers. It helps optimize transaction acceptance rates by showing which card types or currencies are most likely to be declined. Third, it’s configurable.

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Western Union Rolls Out Payment Option For Amazon Customers In 10 Countries

PYMNTS

Western Union has rolled out a new payment option that will let international Amazon.com customers pay in their respective country’s currency, the company announced in a press release. It will automatically process “foreign exchange, settlement and money movement requirements for international eCommerce transactions,” the company said.

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Coinstar CEO On The Ongoing Journey To Digitize Cash (And Turn It Into Crypto)

PYMNTS

To that end, as Coinstar CEO Jim Gaherity told PYMNTS, the stage is becoming increasingly set for currency — the literal cold, hard stuff of bills and coins — to be rendered in bits and bytes. The Brick-And-Mortar Component. In expanding cash-to-digital payment initiatives, kiosk placement is critical, of course.