 WEEKEND ROUNDUP | |
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Google Pay has added PayPal integration for online merchants Online merchants that accept Google Pay in 24 countries will now be able to accept payments from PayPal through the mobile wallet.
Eligible merchants can make a small code change to begin accepting PayPal through Google Pay, as long as the wallet's already enabled on the company's site.
This furthers a previous collaboration between the services, which enabled PayPal as a funding mechanism within the wallet and allowed Google Pay customers to pay with PayPal for Google-owned services, like YouTube and Gmail.
This integration could help decrease fragmentation among mobile wallets, particularly at checkout, to boost adoption of Google Pay.
Business Insider Intelligence's Daniel Keyes has the full story. | |
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| | | UnitedHealth Group, parent company of major US health insurer UnitedHealthcare, is reportedly planning to acquire payments firm Equian for $3.2 billion. Read More → | | | | |
| | | Bank of America is introducing a digital debit card feature in its mobile banking app that can be used for in-store, in-app, and online payments with credentials from the app, through a mobile wallet like Apple Pay or Google Pay. Read More → | | | | |
| | | Amazon has announced that Prime Day, its annual sales holiday for Prime subscribers, will run for 48 hours spanning July 15-16. Read More → | | | | |
| | | After four years and $34 million in VC funding, Call9 — a New York City-based startup that combined 24/7 telehealth connections for nursing home patients with on-site care providers — announced its imminent closure. Read More → | | | | |
| | | Walmart is using cameras and computer vision technology as part of a program — referred to internally as "Missed Scan Detection" — designed to reduce shrink, the term used by retailers to define losses due to theft, scanning errors, and fraud, among other cases. Read More → | | | | |
| | | Commercial banks spent around $1 trillion between 2015 and 2018 on efforts to transform their IT, according to a new report from Accenture. Read More → | | | | |
| | | Alphabet's self-driving vehicle unit Waymo has entered into a partnership with global automaker Renault and Nissan to jointly explore driverless mobility services in France and Japan, each auto firm's respective home market. Read More → | | | | |
| | | Chinese tech and networking companies are trying to get back into the good graces of cybersecurity watchdogs in the US and Europe in order to maintain access to the valuable markets. Read More → | | | | |
| | | Bank of America (BofA) has decided to end its associations with clients that provide prisoner and immigrant detention services at both state and federal levels. Read More → | | | | |
| | | UK neobank Monzo secured £113 million ($144 million) in a Series F funding round led by Y Combinator Continuity, bringing its valuation to a little over £2 billion ($2.6 billion) — double where it stood following its last raise in 2018. Read More → | | | | |
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| | | Business Insider Intelligence will examine how the introduction of 5G is poised to transform portions of the IoT ecosystem. First, we look at the 5G standard broadly, identifying its strengths and weaknesses in comparison with existing standards, as well as laying out the timeline for rollout and expectations within the wireless industry. Next, we look at the new practices that 5G will enable in the IoT, focusing specifically on the capacity for high-bandwidth remote analytics, as well as the ability to use remote processing centers for mission-critical services. Finally, we examine areas where 5G will leave gaps and how companies will need to cope with the standards' early limitations. Learn More → | | | | |
| | | Discussions, articles, and reports about the AI opportunity across the financial services industry continue to proliferate amid considerable hype around the technology, and for good reason: The aggregate potential cost savings for banks from AI applications is estimated at $447 billion by 2023, with the front and middle office accounting for $416 billion of that total. Business Insider Intelligence identifies the most meaningful AI applications across banks' front and middle offices. We also discuss the winning AI strategies used by financial institutions so far, and provide recommendations for how banks can best approach an AI-enabled digital transformation. Learn More → | | | | |
| | | Amazon is increasingly ramping up on ad offerings across its ecosystem, in a mounting bid to lure ad dollars away from platforms like Google and Facebook, YouTube, traditional TV, and the connected-TV device maker Roku. Business Insider Intelligence examines how and why Amazon's ad business is growing as it diversifies its various ad products across its ecosystem; how Amazon could pose a threat to ad dollars that currently flow to the duopoly, TV, and connected-TV giant Roku; and why Amazon is likely to remain dominant versus retailers expanding their own ad offerings. We also comprehensively lay out Amazon's growing array of ad opportunities across its formats, including display, video, and audio. Learn More → | | | | |
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