Morning Brief 9.9.20: IRS seeks stimulus-check recipients who failed to collect funds
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While debate swirls about a possible second pandemic-related government stimulus check, the IRS is still trying to get the first round of funds out to some of the original recipients. The IRS this month will mail letters to about nine million Americans, urging them to register to claim their payment.
The letters target recipients who don't typically file a tax return and may be eligible for stimulus checks of up to $1,200 per person from funds the government approved earlier this year, according to an IRS press release.
Non-filers may register to receive their stimulus check by mailing a letter or using an online tool. More than seven million tax non-filers used the tool earlier this year to receive stimulus funds, the IRS said.
Mastercard and Square are collaborating with government agencies in the Falkland Islands to expand digital payments in one of the most cash-intensive zones in the world where there is only one ATM and one bank branch.
The initiative, Connecting the Falklands, will distribute Square readers to small businesses and ease the process for connecting bank accounts to settle payments, according to Finextra. The collaboration also will provide assistance to streamline the onboarding process for small businesses to accept payments via Square.
London-based WorldRemit has formed a connection with African money-transfer service Juba Express enabling consumers in Somalia to receive remittance transfers from more than 50 countries.
Senders may initiate transfers through any browser or the WorldRemit app and recipients may pick up funds any Juba Express location in Somalia, according to a press release.
Juba Express, with offices in the U.K. and Uganda, will jointly promote the service with WorldRemit targeting more than 2 million Somalis who work abroad and frequently send funds home.
FIS has launched Access Worldpay gateway, an API-based approach for global merchants to access its full range of payment services.
The cloud-based gateway provides a single point of integration to accept more than 300 payment methods in 126 currencies, replacing the need for developers to tinker with code and software development kits, FIS announced Wednesday.
Etsy was an early user of the gateway, which has been in development for more than a year.
From the Web
Pandemic e-commerce surge spurs race for 'Tesla-like' electric delivery vans
REUTERS | Tuesday, Sept. 9 2020
Delivery fleet operators face regulatory pressure in California and other states to buy electric vehicles, but a surge in package deliveries thanks to coronavirus lockdowns has major firms itching to switch to electric right now.
Apple seeks damages from 'Fortnite' creator in App Store dispute
REUTERS | Tuesday, Sept. 9 2020
Apple Inc (AAPL.O) on Tuesday filed counter claims against “Fortnite” creator Epic Games asking for lost App Store fees and other damages, and seeking an order to stop the game maker from operating its own in-app payment system.
DCG Enters Retail Crypto Market With Acquisition of Luno Wallet
COINDESK | Tuesday, Sept. 9 2020
Blockchain investment firm Digital Currency Group (DCG) has acquired Luno, a retail-focused cryptocurrency exchange with over 5 million customers spanning over 40 countries.
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