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The information you need to start your day, from PaymentsSource and around the Web. Today: Samsung files for a social payment platform; Bitcoin jumps up and down; Hackers get smarter; E-commerce comes to the mall; U.K. fintech lobbiest gets help.

Omni Air International recently completed a test of technology from Infinite Peripherals that aims to modernize the sales of in-flight meals, drinks and retail products. The system is an airline edition of Infinite's omni-channel InfineaRetail software.

Venmo achieved its status by designing its interface like that of a social network. PayPal's version of that comes from Facebook.

Neither the acquirer processing the payment, nor relevant regulatory bodies ever know that these payments are actually for illicit goods, making transaction laundering particularly dangerous and far-reaching, writes Ron Teicher, CEO of EverCompliant.

It’s been month after month of record-breaking, confounding growth for the cryptocurrency, accompanied by regular warnings from banks about bubble speculation.

Ware has been named a 2017 Banker of the Year award winner for transforming the family-owned bank into a highly profitable community lender that takes calculated risks and prides itself on treating employees and customers well.

Marvin Goodfriend, a noted economist and former Richmond Fed official, was tapped to fill one of three vacancies on the Fed board.

The financial services industry has cheered a proposed reduction in the corporate tax rate, but a lower rate could force Fannie Mae and Freddie Mac to write down assets, increasing the odds that the companies will need Treasury support.

With leadership of the Consumer Financial Protection Bureau resolved by a federal court, the banking industry is eager to find out what interim head Mick Mulvaney plans to do once he gets a handle on the agency, including whether he will delay pending new mortgage rules.

Malvern Bancorp’s restatement of nearly four years of results worked out in its favor, but it had to acknowledge — and explain — the reason: Outside accountants spotted a problem in its financial-reporting controls.