The information you need to start your day, from PaymentsSource and around the Web:
Where's Amazon going?
The newspaper cited job listings for store managers in each city, and reported Amazon has confirmed the company is planning to open stores in those locations, but did not provide timing.
The Chicago store may be in the Loop district, given Amazon has a building permit in that neighborhood. The San Francisco store will likely be in the Union Square shopping district.
Amazon is also expected to open Go locations in Los Angeles, and additional locations in Seattle.
Order of malware
Chili's has suffered a breach that may have exposed credit and debit card information in March and April of this year.
Chili's says malware gathered names and card numbers from pay stations in stores, and it's investigating the incident. The chain doesn't collect government IDs or Social Security numbers, so that information is likely safe.
Softbank plays 10-figure chess in India
Softbank is in talks to invest about $3 billion in
The deal could be complicated because SoftBank, which owns about 20% of Flipkart, reportedly has an agreement with Flipkart that bans SoftBank from making more than a $500 million investment in Paytm until 2020—a larger investment would require some sort of negotiation with Flipkart. Softbank's current Paytm stake is $400 million.
Softbank is also reconsidering its position in Flipkart following Flipkart's agreement to sell more than 70% of the company to
Grapefruit league beats cactus to crypto
Cryptocurrency tax payments may be on the way out in
Seminole County, which is near Orlando, will accept bitcoin and bitcoin cash for payments for licenses, ID cards, automobile tags and titles and property tax, reports
The county is partnering with BitPay to collect the payments, making it BitPay's first government partnership.
From the Web
Financial Post | Mon May 14, 2018 - American Express Canada says it has reached a deal with Aimia Inc. and Air Canada extend its term as a credit card partner in the Aeroplan rewards program. The company says the renewed contract extends through to June 29, 2020, to end at the same time as Air Canada’s participation in Aeroplan.
Reuters | Mon May 14, 2018 - U.S. prosecutors on Monday announced the indictment of three co-founders of a cryptocurrency startup once promoted by the boxer Floyd Mayweather, accusing them of fraudulently raising more than $25 million from investors in an initial coin offering. Sohrab “Sam” Sharma, Robert Farkas and Raymond Trapani, who co-founded Centra Tech Inc, were each charged with securities fraud, wire fraud and two conspiracy counts, according to an indictment filed with the U.S. District Court in Manhattan.
Yahoo Finance | Mon May 14, 2018 - Singtel and gaming tech giant, Razer, have come together to create the largest e-payment’s network in South East Asia. The two have signed a memorandum of understanding as they seek to foster collaboration in the areas of esports, gaming, digital media, and Telecommunication services.
More from PaymentsSource
Freelance payment companies are taking advantage of the Trump administration's immigration policies, which are starting to drive more work to freelancers in the U.S. and overseas.
The open banking model is not very different from what Amazon brought about in retail. Banks have little choice but to embrace the concept, according to Nick Frankland, managing director of fintech at Legal and General.
Money launderers seem to be ramping up their use of a favourite strategy to clean their illegal funds — paying a small fee to a bank account holder to simply receive and send money transfers. And these so-called money mules are starting young.
Fair Square Financial has received a $100 million equity investment from the Orogen Group to fund a credit card designed for underserved U.S. consumer segments.
