The information you need to start your day, from PaymentsSource and around the Web:
Apple's plan for plastic
In addition to announcing subscription services for media and news, Apple is expected to unveil a credit card on Monday in partnership with Goldman Sachs.
The card will be linked to the iPhone and Apple Pay, and will tie into a new version of Apple's wallet app that comes in iOS version 12.2,
The card will also have a virtual rewards and tracking system, designed to encourage timely payments, the article states.
Putin's payments salvo
The Russian government is in talks with China, India, Iran and Turkey to expand an
Russian lawmakers have approved expanding the network outside of Russia, reports
Bad breakup
Shopify will no longer support the Mailchimp app, which allowed merchants to use Shopify data to build email campaigns.
Mailchimp was not synchronizing customer information captured on merchants' online stores and email opt-out preferences. "As a result, our merchants, other apps and partner ecosystem can't reliably serve their customers or comply with privacy legislation," claims Shopify.
Mailchimp contends Shopify's terms weren't practical, telling
Retail games
Walmart is reportedly in talks with developers to build a game streaming platform, which would build on other digital distribution strategies at the big box retailer, reports
Walmart's efforts come as
The move makes sense for
Sands through the hourglass
A big PSD2 deadline has passed--banks had to provide a "sandbox" by March 14—and 41 percent of Europena banks are out of compliance.
The sandboxes are for third-party providers to test the APIs that are used to enable the data sharing that PSD2 requires, reports
The banks are at a disadvantage because the deadline for data sharing to be functional is September 14, reducing the testing and adjustment windows for the banks' APIs.
From the Web
CCN | Fri March 22, 2019 - Western Union is pushing further into the crypto world, teaming up with a cross-border payments network so its customers can take advantage of mobile wallets. The network is Thunes.
WIRED | Fri March 22, 2019 - FEMA publicly acknowledged hat the emergency response agency wrongly shared personal data from 2.3 million disaster survivors with a temporary-housing-related contractor.
The Wall Street Journal | Fri March 22, 2019 - Federal Reserve payments to the U.S. Treasury declined last year, the central bank said Friday in its updated annual financial statements.
More from PaymentsSource
With Apple widely expected to unveil a new media service on Monday, it would do well to make sure it does not fall into the same traps that ensnared MoviePass.
Blockchain technology provider Yosemite X is following the spirit of the mega-retailers' disbanded Merchant Customer Exchange (MCX) joint retailer venture, but on a local level.
Attracting surprisingly technology-savvy older consumers is a lucrative—and surprisingly easy—goal for online retailers, as long as payments fraud protection is solid and understandable, argues Monica Eaton-Cardone, co-founder and CEO of Chargebacks911.
The market for P2P payments is finally taking off after years of false starts, but there are still many unanswered questions. The biggest one: How do banks get value out of offering this service free of charge?
Marqeta, which launched in 2010 with a payments platform to support payments through mobile and virtual channels, reportedly has attracted $250 million in a new funding round, which would bring its total funding amount to more than $350 million.
