The information you need to start your day, from PaymentsSource and around the Web:
Google merges its mobile wallets
Google is adding its
The transfer feature was left separate when Android Pay rebranded as
By combining these functions into a single app, Google hopes to make it easier for users to manage payment information and conduct different activities with less navigation. The move should also enhance its ability to compete with rival mobile wallets such as Apple Pay, and P2P apps like Zelle and Venmo.
PayPal's ready to deal
PayPal has, in the past two months, committed about $3 billion to acquire security provider
Dan Schulman, PayPal's CEO, told German business news service
Earlier this year, PayPal suggested its multi-billion dollar per year buying spree could last as long as the next
Not so fast
As of Tuesday evening, there were still about 8,000 Sunday transactions that route over the U.K.'s Faster Payments system that hadn't processed.
The system suffered a glitch over the weekend, reports
The U.K. also suffered a payment outage about a month ago when older European processing systems operated by
Bad ticket
The recent
The third-party vulnerabilities that were central to the Ticketmaster attack were also used to compromise PushAssist, CMS Clarity Connect and many others through a coordinated attack wave called Serverside.
These attacks were originally thought to be isolated, but are far more dangerous in terms of downstream card data exposure as part of a integrated assault, according to RiskIQ.
Payments football
Following Visa's push of digital payments technology at this year's
QRails will integrate its Mastercard payment technology with the football club's stadium access system, the club's incentive marketing program, Apple Pay and Google Pay to support entry, payments and loyalty accounts.
These features will be available as part of the same user experience, which is designed to reduce navigation to encourage purchases during football matches.
From the Web
The Wall Street Journal | Tue July 10, 2018 - The Securities and Exchange Commission charged the former CEO of financial-technology company Heartland Payment Systems, Inc. with insider trading on Tuesday, saying in a complaint that he gave a romantic partner details about his company’s planned sale to a larger rival before they became public.
CNBC | Tue July 10, 2018 - Bitcoin is still the best bet for crypto investors as people are "functionally using" it, Bart Smith told CNBC. "If you want to own the asset that you can actually use today and that people are functionally using, it’s bitcoin," Smith, head of digital asset at trading giant Susquehanna International Group, said.
TechCrunch | Tue July 10, 2018 - HTC isn’t gone just yet. The Taiwanese manufacturer has never shied away from a compelling gimmick. Announced earlier this year, the Exodus definitely fits the bill.
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Restaurant point of sale and back-office management provider Toast has received $115 million in Series D funding that the company plans use to develop technology and expand its market.
Technology can help an organization scale internationally and help finance departments shift their focus from managing the details of supplier payment processing to delivering valuable guidance to the business, writes Chet Amit, CEO of Tipalti.
FundKite executives watched the small-business lending sector evolve — and determined that the trend of mobile point of sale providers offering loans and cash advances was limiting the market.
