The information you need to start your day, from PaymentsSource and around the Web:
eBay vs Amazon
eBay plans to offer warehouse and shipping for merchants that sell on its site, a strategy designed to lure sellers from Amazon.
eBay is testing the program in the U.S., using a model similar to Fulfillment by Amazon, which offers rental space to merchants globally to store items closer to consumers, reports
Amazon has taken market share from eBay over the past few years, prompting the company to start a
On the runway
Providing access to boarding passes has been a major part of
Alaska Airlines has added Google Pay as an option for boarding passes, using Google Pay's passes function, reports
Alaska Airlines' deployment follows Southwest, which added Google Pay for boarding passes late last year.
Bigger basket
Software and electronics retailer Newegg has added 73 countries to its bitcoin acceptance network, a welcome shot in the arm for cryptocurrency payments.
The expansion brings Newegg's bitcoin support to almost its entire 80-nation footprint, reports
Newegg accepts bitcoin payments through a collaboration with blockchain payments company
No answer
In Switzerland, the home of Calibra, the Facebook subsidiary that will oversee Libra, there's reportedly been little communication. Swiss regulators on July 17 wrote to the Libra Association in Geneva to ask for status on the cryptocurrency project, but as of July 23, the
The regulators are particularly interested in governance and data protection. The Swiss Federal Data Protection and Information Commissioner, which issued the letter, did not return a request for comment.
From the Web
TechCrunch | Wed July 24, 2019 - A cryptocurrency loan startup exposed reams of customer credit cards and user transactions for almost a month — because it forgot to protect the server with a password. The database belongs to YouHodler, a lending platform designed for cryptocurrency, which claims to have processed $10 million in loans to more than 3,500 customers.
CoinDesk | Wed July 24, 2019 - In the poll of 1,799 U.S. adults carried out since Facebook’s white paper launch in mid-June, consumer insights provider CivicScience found that, of those that expressed a view, just 2 percent felt they would trust Libra and its Calibra wallet more than bitcoin.
The Straits Times | Thu July 25, 2019 - Private security officers, when detaining individuals for criminal offences, should not collect, use or disclose a suspect's full NRIC number, as this may be in breach of the Personal Data Protection Act (PDPA). However, they are allowed to collect NRIC numbers for visitor entry into sensitive places such as data centres or bank vaults, due to the significant security concerns involved.
More from PaymentsSource
WASHINGTON — A group of House and Senate Democrats have introduced a bill that would require the Federal Reserve to create a real-time payments system.
Solid loan growth and higher yields in the credit card business boosted quarterly earnings at Discover Financial Services.
Libra and Facebook’s huge impact on the conversation around blockchain and cryptocurrency is giving fuel to other blockchain companies that portray their models as alternatives to Facebook’s controversial plans.
One year out from hosting the Summer Olympics, Japan’s merchant base has one of the lowest ratios of contactless acceptance compared with other major markets, according to Visa.
