The information you need to start your day, from PaymentsSource and around the Web:
Binge watching
Hulu has added Venmo as a payment choice for its streaming television service. The deal allows Venmo to extend its reach into the expanding market for
As part of that strategy, Venmo has entered into collaborations with companies such as
Counting on cash's replacement
Venture capital firms IGNIA and Dalus Capital have poured $6.5 million into UnDosTres, a digital payment firm that operates primarily in Mexico. Banco Sabadell's digital hub InnoCells also participated in the funding round.
UnDosTres supports Android, iOS, desktop and mobile web payments for uses such as bills, P2P, mobile top-ups, movie tickets and tolls, reports
IGNIA told Verdict that UnDosTres is particularly attractive because cash is responsible for most of those payment types in Mexico.
Going airborne
Wirecard, which processes payments for the airline, will add acquiring services for Wizz Air though the IT platform of another partner, Navitaire.
This will support booking, payments, and other services through a single platform that supports multiple channels for the low cost carrier.
A 788 percent hike, but still small
There has been a lot of
In Japan, there were 5,944 reports of suspicious transactions, which mostly involved money laundering, in 2018 through the end of October, reports
How much of a spike is that? It's 788 percent more than the 669 suspicious transactions that were reported in Japan from April to December 2017.
If there is any silver lining, the nearly 6,000 bad crypto transactions this year are still only 1.7 percent of the overall tally of suspicious transactions in Japan, which totalled nearly 347,000.
From the Web
The Motley Fool | Thu December 6, 2018 - Tencent is partnering with Line to provide mobile payment services to Japanese retailers. Line will lease out terminals that are compatible with Tencent's WeChat Pay platform to small to mid-sized restaurants and retailers that haven't adopted its Line Pay service yet.
TechCrunch | Thu December 6, 2018 - Today, Boku announced the acquisition of Danal, Inc., a specialist in mobile identity and authentication services, so that it can offer more sophisticated transaction services and also to move into new areas.
Reuters | Thu December 6, 2018 - Hackers behind a massive breach at hotel group Marriott International Inc left clues suggesting they were working for a Chinese government intelligence gathering operation, according to sources familiar with the matter.
More from PaymentsSource
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Millennium bcp, Portugal’s largest private bank, will be the first bank in Europe to issue cards with China’s UnionPay brand.
The voice biometrics firm Pindrop closed on its Series D fund raising round with $90 million in new capital to fuel expansion in voice authentication and security services for call centers and internet of things devices. It also added a new CFO and CRO.
