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Lyft is trying to keep drivers from fleeing to Uber and other gig economy apps by adding the first of a series of payment enhancements.
The ride sharing app is adding default tipping and in-trip tipping, and plans to add at least one feature or enhancement for drivers each month, reports
Phishy wallets
Despite the transparency provided by a
Stefanko found two types of fake wallets. One is a general counterfeit wallet, and another is a phishing wallet — which is designed to look like a real cryptocurrency wallet, but steals the user's private keys and password.
Instant ID issuance
DBS Bank is taking advantage of
Consumers can apply via the DBS mobile app and have their card provisioned the app.
The card then integrates with Google Pay and other third party wallets. The Hong Kong ID card includes chip technology, and can also be used to access government buildings and mass transit systems.
Faster playbook
The association's Payments Innovation Alliance is developing the playbook, which will have components for the faster payment environment and address specific opportunities.
The work will also consider business strategy, risk mitigation, compliance and internal impacts. Nacha hopes to have a table of contents for the playbook completed by the end of the year.
From the Web
Reuters | Thu November 15, 2018 - With hundreds of cryptocurrencies being issued every month, countries face a choice: ban them, leave them unregulated, or come up with rules to tame them. France is pursuing the third option, which might be regarded as a Gallic middle ground. It wants cryptocurrencies to be issued in France as long as those backing them agree to be regulated.
Verdict | Thu November 15, 2018 - Despite switching to EMV cards three years ago, for large US retailers payment card fraud is still a top concern. Now, fraudsters have moved their activities online, a new study by the National Retail Federation (NRF) and Forrester has found. The EMV cards were meant to significantly decrease fraud.
China Daily | Thu November 15, 2018 - China's large number of fintech companies has helped the country to take the lead worldwide in developing the industry, according to the Global Fintech Hub Report released on Wednesday during the Money 20/20 China conference. Five of the top 10 global fintech hubs are in China, and Chinese cities comprise seven out of the top 30, the report showed.
More from PaymentsSource
Now that states such as Michigan, Utah and Missouri voted in favor of legalization in this year's midterms, legal marijuana is poised to become a growth industry.
Standard Cognition raised $40 million in a Series A funding round among five different venture capitalists to expand its cashierless checkout footprint.
Cargo, a provider of in-car commerce systems to the ride-sharing market, is now accepting Venmo as a payment option to complete in-car transactions.
Standards are important to push blockchain payments, but the systems also need dynamic scale, according to Byung Ik Ahn, CEO of Fantom Foundation.
