The information you need to start your day, from PaymentsSource and around the Web:
Google Pay digs deeper
Now that Google has merged its Android Pay and Google Wallet apps into
A new version of the Google Pay app gets access to the user's phone contacts for P-to-P payments, alongside some lines of code that suggest the app's use for purchasing transit fare,
Applebee's breach
Applebee's has suffered a breach that may have impacted customers' credit cards in 15 states.
RMH told Forbes it discovered the breach on Feb. 13 but did not notify customers until the end of the month. It also did not offer to pay for credit protection for affected customers, according to Forbes.
Seasons of rent
A move for PSD2
The updated Payment Services Directive (PSD2) is drawing attention from
Lattice80, an international fintech hub, is relocating its headquarters to London, partly in anticipation of work related to PSD2. Lattice80 will retain an office in its existing Singapore headquarters and will continue with its plans to open new fintech hubs in Seoul and New York.
Bitcoin clarity
A
In Europe, Andrea Enria, the chief executive of the European Banking Authority, argued it would be better if banks and other regulated institutions were prevented from holding or selling cryptocurrencies, rather than regulating digital currency itself, reports the
This follows Mark Carney, the governor of the Bank of England, who urged tighter regulation of cryptocurrencies, calling the current regulatory environment "lax."
From the web
The Wall Street Journal | Mon Mar 12, 2018 - Now that they’ve gotten their act together, don’t count big banks out of the mobile payments war. The way Americans make purchases and pay friends has changed rapidly over the past few years.
The Times | Sat Mar 10, 2018 - “They are not backed by governments or central banks,” states an advertisement on London’s Tube trains for the cryptocurrency trader Etoro. “Cryptocurrencies are backed by technology and trust.” In other words, if you think that your money is not safe in financial institutions, you can stash it away from their prying eyes.
CNBC | Sat Mar 10, 2018 - When it comes to identity theft, you may be putting yourself at risk without realizing it. "Putting too much personal information out on social media is the most egregious example" of how consumers set themselves up, according to Jeff Faulkner, acting president and CEO of the National Foundation for Credit Counseling, or NFCC.
More from PaymentsSource
This year, as PaymentsSource honors The Most Influential Women in Payments, a new pattern has emerged. This year's list recognizes the contributions of entrepreneurs who took their ideas directly to market, showcasing new ways of handling business in an industry that is forced to quickly adapt to rapid changes in technology and global culture.
To keep up with the fast moving payments industry and avoid damaging their own bottom line, it’s time for merchants to start paying attention, writes Todd Linden, CEO of payment processing for North America at Paysafe.
Trustly, a Stockholm-based startup whose technology enables cross-border and online payments, has partnered with optile, a German online payments company, to expand the number of European merchants it supports for direct online bank payments.
Even if a business is located in the U.S., it’s where the service is delivered that determines if the GDPR rules governing data protection in the EU apply, writes Mia Papanicolaou of Striata.
