The information you need to start your day, from PaymentsSource and around the Web:
Climate control
Barclays has partnered with European sports retailer Decathlon to mimic the climate of Mount Snowdon in an attempt to improve the "click and collect" experience in stores.
The microclimate has been created in a store in the Surrey Quays shopping district in London, allowing shoppers to try products in their intended climate. Barclaycard says this will increase in-store payments, bring online shoppers into stores to complete transactions, and reduce refunds for people who pay online for in-store pickup, but don't follow through.
Real-time breach
Records tied to Australia's PayID P2P system have been compromised by a vulnerability in the country's real-time New Payments Platform.
The data includes name and account numbers, though that's not enough information to allow withdrawals without further permission from consumer, reports
The breach comes about a month after a similar incident at
Crypto test
Austrian mobile provider A1 is testing cryptocurrency payments, hoping to gauge merchant and consumer support for
The initial test group is 7 stores, though A1 will add multiple locations, reports
A1's partners in the project include Salamantex, Ingenico and Concardis, and the mobile carrier plans to add Alipay and WeChat Pay to the test before the end of the year.
Bulking up
DoorDash is quickly adding technology to compete in the expanding
It's the second deal in a month for DoorDash, following its $410 million purchase of food delivery app
DoorDash is gaining scale and forward-looking technology from both deals, a necessity as competitors such as Postmates add payments processing through a deal with
From the Web
TECHCRUNCH | Wed August 21, 2019
Tala, a Santa Monica, Calif.-headquartered startup that creates a credit profile to provide uncollateralized loans to millions of people in emerging markets, has raised $110 million in a new financing round to enter India’s burgeoning fintech space.
YAHOO FINANCE | Thu August 22, 2019
Developers at Blockstream Research think they’ve found a way to make coding Bitcoin easier. Miniscript, a smart contract language designed by Peter Wuille, Andrew Poelstra and Sanket Sanjalkar of Blockstream Research is a new scripting language that helps to code smart contracts while keeping them safe from accidental bugs.
YAHOO FINANCE | Thu August 22, 2019
WhatsApp’s success is posing problems for Facebook’s Libra. If everyone is using regular fiat to send and receive cash, why bother using a cryptocurrency that isn’t really decentralized, private or more valuable than regular money?
More from PaymentsSource
By dumping Chase Pay's standalone point of sale app, JPMorgan Chase is handing a victory to the likes of Apple Pay — but it's also eliminating an app that was tangential to the issuer's long-term payments goals.
More U.S. states are legalizing sports gambling, providing a huge opportunity for payments companies that have been fattened by multi-billion dollar mergers.
Bluefin cut its teeth developing point-to-point encryption to protect sensitive payment information from being intercepted by thieves during the transaction process, and now it’s adding tokenization protection for the consumer data merchants keep.
Bank of America’s P2P transaction volume via Zelle is surging, with millennials driving the bulk of its usage.
