The information you need to start your day, from PaymentsSource and around the Web:
Express train
As
Called Express Transit, it's an Apple Pay feature that was embedded into iOS 12.3 last month, reports
The feature is part of the New York test, and is also deployed in Portland, Ore., Japan, Beijing and Shanghai. Apple is also in discussions with London's transit agency, which has supported Apple Pay for three years, with deployment of Express Transit expected in the next few months, reports
Steel city
Pittsburgh is joining New York, Denver, Portland and other cities in adopting mobile payments for transit.
The city's Port Authority, which overseas metropolitan transit in the Pittsburgh area, plans to deploy a smartphone payment system by early 2020, reports the
The payment system will support cards, Apple Pay and Google Pay with buses coming online first. Pittsburgh's light rail system, which needs more work to upgrade for contactless payments, will come later.
Facing expansion
Spanish biometric authentication company FacePhi has built a base for "selfie pay" and similar identity technology in its home market with a deployment at
FacePhi has opened a new office in Pangyo, South Korea's main technology hub, and has hired Dongpyo Hong to lead the unit, reports
Dongpyo is the founder and CEO of GlobalPD, a consulting firm that specializes in fintech, internet of things, and mobile technology; and is the vice chair of the
PSD2 VC
The
Logalglobe and NZ Holtzbrinck Ventures have invested about $6 million into Yapily, a London-based open banking specialist that's also backed by Transferwise co-founders Taavet Hinrijus and Ott Kaukver.
Yapily sells an API to connect third parties to bank development systems — the core of PSD2's open data requirements — and is on path to reach 500 bank clients by the end of the year,
From the Web
Yahoo News | Thu May 30, 2019 - Research by OneBuy, based on Worldpay’s latest Global Payments Report, has revealed Brits’ favorite ways to pay, establishing just how tech and money-savvy UK consumers are when faced with the prospect of a changing world. Debit cards are still the preferred payment method of Brits, representing 32% of all e-commerce payments and 55% of all in-store transactions.
Yahoo News | Thu May 30, 2019 - Stripe, the San Francisco-based payments platform owned by two Irish brothers, has hired Google veteran Matt Henderson to head its newly expanded Dublin engineering hub. Henderson, who led the search giant’s strategy for scaling the Google Play app store, previously led Amazon’s marketplace strategy in Europe, and founded shopping platform Rangespan, which was acquired by Google in 2014.
Verdict | Thu May 30, 2019 - Western Union has gone live with its online international money transfer service in Thailand. Customers in Thailand can now make remittances using the Western Union mobile app or transactional website. Users can make payments natively within the digital channels.
More from PaymentsSource
While advanced push payment fraud has dominated the headlines in recent years, another type of scam has been costing U.K. businesses millions — even though many companies are completely unaware of it.
Early Warning, the company that manages the person-to-person payment service Zelle, has a new CEO, Albert Ko. He succeeds Paul W. Finch Jr., who retired in March.
Paysafe has recruited TSYS exec Philip McHugh as its new CEO, a few days after news broke of the TSYS-Global Payments merger.
Community banks are enjoying some of the most fertile economic conditions for growth. A combination of low interest rates, a roaring economy and loosened regulations in recent years have come together to create optimal conditions for all banking institutions to thrive.
