The information you need to start your day, from PaymentsSource and around the web:
Influencer
Instagram is collaborating with about 20 brands to set up proactive notices about merchandise drops, and automatically launch in-app shopping.
Adidas, Huda Beauty and Chinatown Market are among the first brands, reports
It's also part of
Go the movies
Finding workable store formats for
The e-commerce giant is in talks to bring Go to Regal Cinemas and airports, reports
The
Picking up retailers
Mizuho Bank has added 18,000 retail locations to its J-Coin digital currency platform through a collaboration with Japanese payments technology firm InComm.
InComm will add a range of pharmacies, supermarkets and discount stores, reports
Tax rules
France has released its 2020 finance bill, which includes a requirement that all businesses support electronic invoices.
French authorities want access to billing data in line with other EU countries, reports
Pay at the window
A staffer at an Ohio Burger King was reportedly caught using a smartphone to take photos of debit cards in the drive-through window.
A consumer saw the employee snap photos of her payment card and notified the store manager after quarreling with the employee.
The store manager confiscated the phone and discovered numerous photos of other payment cards, reports
From the web
THE WALL STREET JOURNAL | Mon September 30, 2019
The U.S.’s biggest cryptocurrency exchanges have developed a system to rate which digital assets are probably securities that can’t be traded on their venues—and which likely can. The system comes as the industry continues to face skepticism from regulators about how it protects investors and complies with federal laws, including anti-money-laundering provisions.
COINDESK | Mon September 30, 2019
Tech giant Google claims to have achieved “quantum supremacy,” meaning it has built a quantum computer able to solve formerly impossible mathematical calculations. If proven true, this marks a major milestone in the development of quantum computers and possibly, the demise of blockchain technology as we know it today.
FORBES | Mon September 30, 2019
There is a rift emerging in the crypto sector. California’s AB 1489 (the “CA Act”) which is modeled on the Uniform Law Commission’s (ULC’s) Uniform Regulation of Virtual Currency Businesses Act (the “Model Act”) seeks to regulate companies engaged in virtual currency business activity. Not everyone is on board.
More from PaymentsSource
How PayPal obtained a payments license to operate in China — an achievement that’s long frustrated the biggest U.S. banks and payments networks — sheds light on the unique challenges of breaking into the world’s biggest payments market.
Now that the big, multi-billion dollar payment deals of the past year have closed, the companies must figure out how their new scale can address tasks such as software migrations or data sharing compliance in specific markets.
The use of data-rich messaging through the ISO 20022 standard has been at the core of nearly every Federal Reserve discussion about faster payments, as well as Swift's plans for its member banks.
Digital financial services provider Revolut is expanding a partnership with Visa that will allow it to nearly double its global footprint by adding 24 new markets, including the U.S.
