The information you need to start your day, from PaymentsSource and around the Web:
An open book?
In an interview with
Since the companies employ more than 1.1 million workers, any health care program they develop will have a major influence on how other companies provide and fund health care, and
Cherry picking Apple
Apple will account for 50% of all mobile contactless payment users by 2020, with the total market reaching 450 million by that time, according to
But as has always been the case with Apple Pay, that dominance is a relatively small chunk of a much larger market. Juniper estimates contactless 'OEM Pay' volume will reach $300 million by 2020, though the total contactless market (including contactless cards) will reach $2 trillion, giving all of the "Pays" a total share of 15% — and making Apple Pay's share of the total contactless market no more than 8%.
Blockchain games
The use of
KeyoCoin plans to launch a rewards platform built on blockchain, with a "gamified" experience that will allow hospitality, tour, travel and merchants to offer cryptocurrency rewards for making purchases.
The platform will also offer incentives for playing location-based games, such as Pokemon Go, that are tailored for travelers.
Square phish
Crooks are using Square's recognizable brand as part of a phishing attack that attaches malware to the victim's computers.
The
The messages say a client has requested a refund, or the target has received a payment. Both of these messages are fake, the Advocate reports.
From the Web
CCN | Mon July 30, 2018 - Everex, a Singapore-based financial technology firm, has partnered with Myanmar’s Shwe Bank to introduce blockchain-Powered remittance Services between Myanmar and Thailand. The blockchain firm claims that the partnership will enable millions of Myanmar migrant workers living in Thailand to send money home instantly and securely at much lower transaction costs than traditional remittance methods.
BBC News | Tue July 31, 2018 - Dixons Carphone has said a huge data breach that took place last year involved 10 million customers, up from its original estimate of 1.2 million. The Carphone Warehouse and Currys PC World owner has been investigating the hack since it was discovered in June.
The Motley Fool | Mon July 30, 2018 - The dynamic transactions pioneer intends to combine a cash windfall with its already formidable free cash flow to bolster its economic prowess, while rewarding shareholders with share repurchases. PayPal Holdings continued to impress across a range of vital metrics upon release of its second-quarter 2018 earnings report on July 25.
More from PaymentsSource
Visa has partnered with U.S.-based fintech Novae to launch an omnichannel digital rewards platform for Visa card-issuing banks in Latin America and the Caribbean. The collaboration with San Francisco-based Novae is an example of the card network's open approach to fintech.
TransferMate, a cross-border B2B payments service, has received a $25 million investment from ING Group N.V. to accelerate its global expansion.
In its push to compete more directly with Amazon, Walmart has partnered with American Express, enabling its customers to earn and burn Amex’s Membership Rewards points for e-commerce purchases on Walmart.com.
One way for acquirers and independent sales organizations to stand out in a highly competitive field is to devote a part of their business to worthy causes.
