The information you need to start your day, from PaymentsSource and around the Web:
In the driver's seat
The automaker's latest collaboration is with Yelp Reservations, which will power restaurant booking for thousands of eateries across the U.S., reportes
Cat got your funds?
If that sounds annoying, it's supposed to be. The meow is mostly a marketing campaign, but the company says it's designed to warn people when they're spending money as a call to be more careful and thoughtful about budgeting.
The U.K.-based fintech Anna has aimed the card at small businesses in particular, given the high frequently of small-business failure due to cash flow problems.
ICO cops
The Securities and Exchange Commission executed more than a dozen enforcement actions for token sale violations during the 12 month period that ended Sept. 30 as the
The ICO actions were a small part of the SEC's overall activity, reports
The SEC's stronger stance has raised the ire of some cryptocurrency executives such as Ripple CEO
Big listing
Softbank will likely soon be listed on the Tokyo Stock Exchange, in what would be the largest listing in Japan's history, reports
Softbank would get a jolt for its broad technology investments, which include solar power, ride sharing and myriad financial technology plays.
Recent Softbank investments include a $1.4 billion stake in
From the Web
CCN | Sat November 3, 2018 - Ripple has announced that it will be setting up an office in Dubai, United Arab Emirates before the close of 2018. Speaking during this year’s Global Islamic Economic Summit that was held in Dubai, Ripple’s global infrastructure innovation head, Dilip Rao, indicated that the focus of the fintech firm would be on cross-border payments.
BBC News | Fri November 2, 2018 - Lloyds Banking Group has confirmed it is reissuing debit cards to customers affected by cyber-attacks on Ticketmaster and British Airways. The bank has reissued debit cards to all customers that have made purchases on Ticketmaster's website. It is also working with BA to establish which customers have had their details compromised during two cyber-attacks.
The Wall Street Journal | Fri November 2, 2018 - Ant Financial Services Group, the world’s most valuable private financial-technology company, logged its largest quarterly loss in years, showing how costly it is to compete in China’s rapidly evolving Internet-consumer economy. Ant, an affiliate of Alibaba Group Holding Ltd., swung to a pretax loss of around 2.4 billion yuan ($353 million) in the three months ended Sept. 30, compared with a pretax profit of 5.3 billion yuan in the same period a year ago.
More from PaymentsSource
Synthetic fraud brings the pain from many angles — a fluid mix of fake credentials and phony accounts that can overwhelm traditional identity theft tools.
Apple’s decision to stop disclosing its mobile device sales — along with reports that the company's newest iPhone didn't draw the huge crowds Apple is known for — signal that it may lose the clout that allowed it to collect fees for Apple Pay.
Western Union and Amazon are collaborating to bring the e-commerce giant's services to consumers who may not currently have access to online shopping or those who prefer not to make digital payments.
Legacy players cannot copy an upstart because legacy players have existing footprints and customers and are anchored by valuable business models, writes Ken Krupa, CTO of MarkLogic.
