The information you need to start your day, from PaymentsSource and around the web:
Charitable mood
As it weathers the controversy surrounding its
The new donation features include a fundraising sticker for Facebook Stories and donation buttons for Instagram and video game live-streaming accounts.
Facebook is not charging a fee for donations, a feature that appears designed to counter PayPal, reports
DApp Apple
A social media app called Pepo has debuted a crypto payment distributed app (dApp) that's designed to take advantage of its base of more than 15,000 users.
The app can be downloaded on Apple and Android devices, and is structured as a social network with a crypto wallet, explains
Consumers can use the app to tip creators and make payments on the social marketplace.
Cash on the ballot
Ahead of the U.K. general election, consumer advocates are pushing for politicians to introduce legislation guaranteeing access to cash.
Which? contends there are more than 250 communities that have little or no cash access, reports
The issue has come up recently as
ID bank
The Bank for International Settlements and the Monetary Authority of Singapore have launched an innovation hub in Singapore that will work on a variety of financial technologies, including authentication.
The hub's first project will create a frame for public digital infrastructure for identity, content and data sharing. The goal is to support payments and other transactions as part of an interoperable network, a key component of
The hub's second project is a digital platform for compliance, which is designed to improve communication between regulators, fintechs and central banks.
From the web
REUTERS | Mon November 18, 2019
Software company Sage Group Plc said it will sell its payment processing unit Sage Pay for about 232 million pounds ($296.87 million) to Elavon, a payments company and unit of U.S. Growth in payment systems has kept deals rolling with Fidelity National Information Services Inc’s buyout of Worldpay for about $35 billion earlier this year. In January, U.S.-based Fiserv Inc bought payment processor First Data Corp for $22 billion.
REUTERS | Mon November 18, 2019
Australia’s Tyro Payments filed a prospectus on Monday for a domestic initial public offering (IPO) that could raise as much as A$252.7 million ($173.23 million). Tyro’s plan comes even as six listings have been aborted in October alone, highlighting a tough Australian IPO market as investors demand lower prices to protect against the possibility of post-float losses.
YAHOO FINANCE | Sat November 16, 2019
Two men have been arrested and charged over a scheme to steal digital assets from cryptocurrency executives – as well as threatening their families. The men are alleged to have stolen the cryptocurrency by taking over their victims’ social media and e-mail accounts using a technique known as “SIM swapping”.
More from PaymentsSource
Ahead of the busiest shopping period of the year, CaixaBank is embracing facial recognition retail payments, an option that has met with pushback elsewhere.
Modern technology is making it easier for fraudsters to trick consumers into believing they are making payments from their accounts to legitimate providers, but governing bodies in the U.K. are putting the brakes on rushing to create a new fund to compensate victims of those scams.
Fraud attacks and their avenue of entry are generally regarded as mysteries to most of the companies that suffer from them.
One of the most ambitious projects in the cryptocurrency sector, Facebook’s Libra, shows promise to set the standard for stablecoins but will fail because it is designed to be backed by a basket of currencies.
