PaymentFacilitator’s News Roundup is a curated mix of the past week’s news and articles from around the web, including company announcements, global payments news, and other coverage and analysis of topics relevant to payment facilitators.
The payments industry must join together to develop clear guidelines about groups that perpetuate “hate and harm” before the government feels compelled to step in. This is according to an editorial by Infinicept Co-CEO and Co-Founder Deana Rich. Rich argues that the current lack of standards is leaving the door open for organizations and individuals that perpetuate hate to continue operating, and that the industry should take a proactive approach to stop their funding. From PaymentsJournal.
Invite-only audio app Clubhouse just reported a Series C fundraising round that valued it at $4 billion. The round was led by Andreessen Horowitz and new investors include Tiger Global Management and DST Global. The app recently partnered with Stripe to let creators accept payments from users. From Business Insider.
The response of retailers to the pandemic demonstrates how business leaders should respond to crises. Among the lessons learned are the need for businesses to adapt as the environment evolves. Retailers’ COVID-driven embrace of digital solutions, including embedded payments, is one example of a shift that happened more quickly than many expected, but is now here to stay. From Forbes.
Shopify sees the role of its platform as enabling businesses to sell anywhere, putting the “power in their hands.” In this interview, the head of the company’s Canadian operations explains how Shopify views itself in comparison with marketplaces such as Amazon or Walmart. He also shares stories about how the company’s merchants innovated to overcome the challenges of the pandemic. From The Star.
Cantaloupe, Inc.: USA Technologies Officially Launches as Cantaloupe, Inc.
PAR Technology: PAR Technology Celebrates Historic Partner Milestone