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New Report: SMS-Based Outreach Helps Merchants Authenticate Consumers, Boost Online Sales

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Businesses and financial institutions (FIs) are constantly examining ways to make their customers’ accounts more secure, especially as more consumers go online to make purchases and transact during the ongoing COVID-19 pandemic. California-based automaker Tesla is one company that has witnessed the merits of offering 2FA for its car owners.

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With Wynn’s $402M In Net Losses, Is Online Gambling The Future Of Gaming?

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The executive noted in The Wall Street Journal that individuals were visiting beaches in Southern California in droves, and eateries were opening for business once again in Texas. This is bringing about heightened revenue for online gambling platforms in states such as New Jersey — trends in growth that may continue beyond the health crisis.

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Today In Payments: California Proposes Financial Watchdog; Germany Launches Investigation Into Amazon

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In today’s top news, California lawmakers propose a financial watchdog at the state level, and Germany launches an antitrust investigation into Amazon. California Proposes Financial Watchdog Agency. At the center of it all: online gaming, and the way we access the latest popular diversions (or don’t).

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The ABCs Of The California Gig Worker Ruling

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Early this week, a judge denied a request from Uber and Postmates to halt the enforcement of a new California labor law — known as AB5 , which was voted into law last year — that would place new restrictions on gig economy workers. I would not jump out there and say that they are operating in violation of the law,” Turner said.

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From Online Ordering To Cupcake ATMs: How Sprinkles Prepared For The Pandemic

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Sprinkles , a Beverly Hills, California-based confectioner, was as prepared as a QSR could possibly be for the rush to online ordering, payments, pickup and delivery. Sprinkles adopted online ordering nearly a decade ago for custom cakes and catering. One bakery chain had a leg up when the pandemic changed everything.

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Fundation Digitizes SMB Loans For Banc Of California

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In a press release , Fundation said it is collaborating with Banc of California to develop a streamlined, digital small business lending and line of credit solution that the bank can offer to its small business clients. SMBs can use the tool to apply for financing through an online application on the Banc of California website.

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Today In Payments: Wirecard Files For Insolvency; New York To Ease Cryptocurrency Regulations

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Plus, California seeks a court order to make Uber and Lyft classify drivers as employees. California Seeks Court Order To Make Uber, Lyft Drivers Employees. In response, Uber has said more than 158,000 Uber drivers in California would lose work if the reclassification happens. Samsung Electronics Co.

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