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Police Allege Money Launderers Are Using Chinese eCommerce Sites To Move Money

PYMNTS

Chinese authorities have made a series of arrests alleging more than $2 billion was laundered at offshore gambling sites through faux eCommerce purchases. In June, the Nikkei Asian Review reported that Chinese officials are considering an East Asia digital currency in a bid to combat money laundering. .

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TRENDING: BigCommerce On How Platforms Solve Big eCommerce Payment Complexities

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When consumers make a purchase online or through a mobile app, they expect the process to be simple and secure. However, they also expect to be able to pay using the method of their choosing, and in their local currency. Around The Payment Platforms World. About The Tracker.

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Taking China’s eCommerce Lessons On The Road

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China has been the belle of the ball when it comes to the global potential of eCommerce — for both consumers and businesses — for the better part of the last decade. In Vietnam, that means looking at an exploding eCommerce opportunity. The Next Evolution of Chinese eCommerce .

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SWIFT Ties gpi To eCommerce And DLT

PYMNTS

Payments messaging company SWIFT said it will test gpi Link, “a gateway to interlink eCommerce and trading platforms with the SWIFT gpi payment service.”.

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Enterprise Security Returns To Top Of B2B Investment Mountain

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Cybersecurity returned to the top of the B2B startup investment list as three companies in the enterprise security realm landed nearly half of the $246 million in B2B venture capital this week. But Software-as-a-Service emerged as a hot spot, too, with the largest investment round of the week going to a B2B eCommerce SaaS provider.

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Swedish Krona Continues To Fall Amid Other Currency Upheavals

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The currency decline continues: The Swedish krona fell Wednesday (Aug. The decline comes amid political uncertainty in that Nordic country, the prospect of a widening trade war that could hurt it and increasing attention to the benefits of currency hedging among commerce and payments businesses. Such lows were last seen in 2009.

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Top News In Payments: Stripe To Power Digital, In-Store Payments For Lightspeed; Fed Weighs Cost And Benefits Of Digital Currency

PYMNTS

In today’s top payments news, Stripe and Lightspeed team up to advance in-store and online payments for retailers and restaurants, the Federal Reserve weighs the costs and benefits of a digital currency and the Reserve Bank of Australia considers stopping banks from automatically routing “tap and go” payments through Visa and Mastercard.