The information you need to start your day, from PaymentsSource and around the Web:
Getting Fit
BNP Paribas will support payments for Fitbit and Garmin devices, giving both companies a boost as
The bank, which offers digital payment options via its BNP Paribas Fortis digital wallet, hopes to capitalize on an expanding market for contactless payments in Europe, and will add the wearable devices to other contactless options such as Apple Pay, Google Pay, Payconiq by Bancontact and contactless cards.
Garmin's wearable payment technology also recently drew support from
One step closer
Facebook is referring to the cryptocurrency as GlobalCoin, and the social media company has been in contact with the Bank of England to discuss the risks and the U.S. Treasury to discuss regulations, reports the
The social network's project will collaborate with banks and brokers to exchange traditional currency into Facebook's digital coins. Facebook's earlier attempt at a virtual coin,
New COO at USA Technologies
Self-serve kiosk payment company USA Technologies has appointed Matthew McConnell as Chief Operating Officer, a new position at the company that involves driving its cashless payment portal, ePort Connect.
The trend toward no-cashier retail such as Amazon Go also adds competition. USAT recently partnered with
When's the next Jerome Woodlawn IRT?
Despite its reputation for being generations behind in technology, the New York subway is now relatively awash in innovation, at least in terms of ticketing.
Google Assistant has added a feature to determine when the next train is coming, reports
Google is releasing the technology in anticipation of new contactless payment technology that's designed to
Crypto AML
Japanese regulators are paying more attention to money laundering protections at cryptocurrency exchanges ahead of the G20 summit next month.
The Financial Services Agency is responding to G20 plans to more aggressively pursue money laundering via cryptocurrencies, reports
The intergovernmental Financial Action Task Force will also review Japan's domestic money laundering laws this year, including cryptocurrency laws, CoinDesk reports.
From the Web
TechCrunch | Thu May 23, 2019 - A startup that has its own take on modernizing the credit card industry, Zero, is announcing the close of its $20 million Series A. The new round of funding was led by New Enterprise Associates (NEA), and brings Zero’s total raised to date to $35 million, including both equity and debt funding.
CoinDesk | Thu May 23, 2019 - AT&T’s Death Star logo may have really been a moon after all, with the telecom giant announcing that it will accept bill payments in the form of crypto by way of BitPay. As it stands, the crypto option isn’t being extended to other AT&T services.
The Straits Times | Fri May 24, 2019 - Two finance firms are joining forces to enable cross-border QR payment acceptance in Singapore and Hong Kong. The initiative is being undertaken by Liquid Group, a mobile payment services firm based here which has a presence in Malaysia, Thailand and Indonesia, and Joint Electronic Teller Services (Jetco).
More from PaymentsSource
At first blush, Netflix may seem to have a fairly simple payment process: Collect a card number once, and keep charging it every month until the customer cancels. But even this process can be demanding.
If cryptocurrency is on its way to becoming a mainstream payment method in the U.K., it will be due to an increased appetite from major card networks for forming alliances with leading cryptocurrency providers.
Cloud-based treasury software provider Kyriba is partnering with JPMorgan Chase to launch a real-time payments API integration for its mutual corporate finance clients.
One of the major core needs of payment users currently being addressed is speed, efficiency and transparency.
