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Putting its coin to work
The cryptocurrency exchange Coinbase is valued at about $1.6 billion with $1 billion in revenue in 2017, enough for it to launch its own VC fund.
Called
"People who have worked at Coinbase are encouraged to think entrepreneurially," said Emilie Choi, head of corporate and business development and business opportunity at Coinbase, in the company's announcement.
Delta and Sears cards exposed
A breach at online support company [24]7 has impacted hundreds of thousands of customers at Sears and Delta, according to
Delta and Sears this week reported the breach, noting the online service company suffered the malware attack from September 27 to October 12, but did not report it to Sears and Delta until March.
[24]7 said it is sure its platform is secure and is working with clients to determine if information was accessed, according to The Verge.
First paper money, then virtual currency
India's
Similar to a ban on exchanges in
Lots of locks
Since its launch last fall,
Amazon this week added five new smart locks from Kwikset and Yale, reports
The models have a mix of touchpads and keyways, similar to the original locks, though with added options, according to The Verge.
Zimbabwe gets digital
Zimbabwe is changing almost everything about its national payment system, after the country's government hired
Finteq will incrementally roll out a batch processing system for debit and credit card payments, and will eventually extend into real-time credit transactions.
Rules of conduct
The Payment System Operator trade group has updated its code of conduct for indirect access providers, in light of how standards such as
The group, which includes Lloyds, RBS, HSBC, Barclays and ClearBank, monitors compliance and provides guidance for data security and integrity for payments and other financial transactions.
From the Web
Reuters | Thu April 5, 2018 - In Kenya, which has a large and fast growing population of internet users, there are no specific laws or regulations to protect the privacy of those individuals. Kenya is not alone in Africa, which as a region has clocked the world’s fastest growth in internet use over the past decade.
Reuters | Thu April 5, 2018 -The Sri Lankan rupee ended stronger on Thursday on exporter dollar conversions and inward remittances, as Prime Minister Ranil Wickremesinghe surviving a no-confidence motion boosted sentiment, dealers said. Sri Lanka’s central bank unexpectedly cut its key lending rate by 25 basis points on Wednesday, as policy makers sought to revitalise an economy growing at its weakest pace in 16 years and facing heightened political uncertainty.
Forbes | Thu April 5, 2018 - Bitcoin, Ethereum and Ripple continue to make headlines for their worst first-quarter price performances in history. Conversely, BitPay - the largest global blockchain payment provider - just closed $40 Million in its extended Series B funding round.
More from PaymentsSource
The U.K. government has committed to a 5G Urban Connected Communities Project for a city-wide trial of 5G wireless technology as part of the fourth phase of the government’s 5G strategy. This trial should spark substantial investment in new payments technology.
Companies that aspire to be the "Uber" of their industry should take a second look at the ride-sharing market, where Grab has become a lightning rod of payments investment and innovation.
More e-commerce companies see recurring billing as a key revenue model, a trend that convinced Stripe to try to lower the bar to entry.
In yet another twist on the idea of a cryptocurrency debit card, MoxyOne has developed its own network as a way to address the setbacks some have faced in relying on Visa and Mastercard.
