The information you need to start your day, from PaymentsSource and around the Web:
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AT&T is working with and Samsung's subsidiary Harman on a suite of connected car technology, including a feature that searches and pays for parking while on the road.
The two companies are using connected car technology from U.K. developer Tantalum to add virtual mechanics, Wi-Fi, family car locator apps and content delivery. The payment feature allows search, reservations and payment for lots in advance.
PayPal's smartphone deal
PayPal and youth mobile brand Voxi are partnering to market a smartphone with installment payments.
The two companies are targeting the under 30 demographic by offering zero down and zero interest on the cost of phones via PayPal Credit, a financing feature that PayPal has also used to increase its profile among e-commerce networks such as
The Voxi partnership comes at the same time as PayPal rival
Settling on crypto pay
Many companies are trying to find ways to turn
South Korean financial firm SBI plans to test S-Coin (which stands for "settlement"), a virtual currency that is designed for smartphone use in point of sale transactions.
Mastercard expands in Africa
Mastercard, which already had an extensive network in Africa via
MTN mobile customers will use a virtual card to shop and make payments at Mastercard's global merchant network.
Mastercard and UBA hope the cards will boost travel in Uganda and other countries, given the easier payment experience.
From the Web
The Irish Times | Wed September 26, 2018 - Mastercard’s Irish subsidiary is increasingly focused on developing products and services that are are built on so-called “deep tech” such as blockchain, artificial intelligence and machine learning, the company has said.
The Wall Street Journal | Tue September 25, 2018 - The European Union’s announcement that it would establish a special payments channel to maintain economic ties with Iran sent a clear message to Tehran and Washington: Europe is intent on trying to save the 2015 nuclear deal.
South China Morning Post | Wed September 26, 2018 - An argument between staff at a cashless supermarket in northern China and an elderly man who did not know how to use his smartphone to buy a bunch of grapes has revived calls for help for those left behind in the digital economy.
More from PaymentsSource
Visa Europe, under its $100 million fintech investment program, has taken a stake in Behalf to give the global card network a way to further its B2B payment strategy with smaller merchants.
Acorns is about investments, but its debit card is about something else: instilling pride in the act of making a payment
Merchants increasingly fall short of security standards as digital commerce innovation pressures risk management.
Instead of getting paid directly from buyers via PayPal, eBay will send funds directly to sellers’ bank accounts and charge lower fees.
