The information you need to start your day, from PaymentsSource and around the Web:
Home shopping Amazon
Amazon's incursion into traditional retail sectors has taken many forms, such as
Called Amazon Live, the streaming Amazon-produced shows will feature items for sale on Amazon, along with a carousel below for purchases, reports
Early content includes Valentine's Day gifts, a cooking show and a show that sells products for daycare centers and schools.
Anti AML
A new phishing campaign is targeting anti-money laundering or payment compliance officials at credit unions, and the contacts may have come from the government.
The data, which is not public, may have come from the National Credit Union Administration, reports security writer
The attack involved emails that looked like they were sent by BSA officers from other credit unions, claiming a payment from a credit union member had been held, and asking the credit union officer to open a PDF file with information on the "payment." This PDF links to a malware site, Krebs wrote.
Clinging to contact
As
Danske Bank will debut its new polymer £10 note on February 27, with new colors and a portrait of John Dunlop, an inventor, tire pioneer and member of the
Even with cash, paper has become less popular, as the bank plans to retire the paper £10 note by the end of the year, reports
Brexit 'DMV' for financial institutions
Worried about post-Brexit access to Europe, about 100 financial services companies and fintechs from the U.K. have applied for electronic money transfer licenses in Lithuania to secure access to the EU.
From the Web
Forbes | Fri February 8, 2019 - Real-time person to person (P2P) mobile/digital payments are on the rise and even growing in the U.S. according to a new, perhaps optimistic, report from Aité Group. Aité sees mobile payments as a way to drive loyalty and revenue.
Reuters | Fri February 8, 2019 - Wirecard said it had met the authorities in Singapore and pledged its cooperation to their investigations into a series of reports in the Financial Times that alleged financial wrongdoing at the German payments company.
CCN | Sun February 10, 2019 - Provincial securities regulators in British Columbia, Canada, won’t be investigating the QuadrigaCX scandal. However, new developments could see Canada’s largest securities body, the Ontario Securities Commission (OSC), begin an investigation.
More from PaymentsSource
Western Union is in a "learning" phase as to how its digital advancements will connect with its physical locations, as well as what the Amazon partnership could lead to — and at least in this early stage, it appears to be succeeding.
Mastercard has dropped its name in many brand references but it’s adding a customized sound, which consumers may begin to hear soon as they pay in stores and through voice assistants.
Technology investors are bulldozing cash into blockchain and artificial intelligence, but the “why” is just starting to emerge, as is the true nature of the innovation.
While Wells Fargo has yet to identify exactly how a problem at a server facility in Minnesota took down its operations nationwide, observers pointed to possible gaps in the bank’s emergency backup contingency plans that prolonged an outage that lasted some 24 hours.
