The information you need to start your day, from PaymentsSource and around the Web:
Pizza dash
Domino's has entered a partnership with Xevo Market, a commerce platform for connected cars, to support orders directly from their car's touchscreen. The app includes an order tracker and store locator.
The order feature will be automatically loaded on millions of cars that have the Xevo app, starting later this year. Xevo also partners with automakers such as
Robot class
Developers are figuring out how
Retailers for the Northern Arizona University deployment include Cobrizo Mexican Grill, G's NY Style Deli, and the Wedge Market and Pizza. Deliveries cost $1.99 and embed in meal plans.
Checking out
One of the reasons the challenger bank gave is lack of usage, reporting only 0.1 percent of its customers have ever deposited a check. Monzo also plans to shorten clearing times for deposits from about five days to two by the third quarter.
The check imaging system was introduced in part to reduce the expense of processing a lower number of paper checks, though Monzo's rate is likely far below what the imaging scheme had in mind.
Big Blue blockchain
The network will give Currency Matters access to international real-time payments, more than 50 countries and 30 bank partners, reports
IBM set up the network to reduce processing time for cross-border payments from several days to a few minutes. It's one of several companies using
From the Web
Reuters | Tue March 26, 2019 - Global payments giant Mastercard has said it will invest $300 million as a cornerstone investor in the planned London float of payments processor Network International. Dubai-based Network International is the largest payments processor in the Middle East and Africa and set to be the first international IPO in London this year.
TechCrunch | Mon March 25, 2019 - Australia-based Airwallex announced that it has closed a $100 million Series C round that values its business above $1 billion. Airwallex provides a service that lets companies manage cross-border revenue and financing in their business much like an alternative to consumer-focused service TransferWise.
TechCrunch | Mon March 25, 2019 - Another emerging e-commerce player that has leveraged WeChat is gearing up for a listing in the United States. Yunji, which was founded in 2015, is raising up to $200 million. Yunji bills itself as a “social e-commerce” service, which means it takes advantage of social relationships on apps like WeChat to acquire, engage and sell to users.
More from PaymentsSource
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The new Apple Card wasn't just one product of many announced at the Steve Jobs Theater on Monday — it was the glue that binds all of Apple's new services together.
As PayPal seeks to turn Venmo into a profit engine, the service has also taken steps to collect consumer debts, moves that are sure to spark controversy as some of the targeted users claim they have been fraud victims.
Fleet card and virtual card technology provider WEX plans to acquire the Go Fuel Card business from fuel station and convenience store retailer EG Card.
Even though credit cards are the most vulnerable when payment systems are hacked, mobile payments in general are incorrectly being labeled as part of the problem, making them seem scarier with each new breach.
