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Crypto skills
While it's not the same as a formal announcement,
Mastercard, which is a partner on Facebook Libra, did not return a request for comment. Details on the roles of Libra's partners have not been publicly disclosed.
Stick a PIN
Monzo has asked nearly 500,000 customers, or about 20% of its total customer base, to change PINs after discovering that unauthorized internal staff had access to banking information for six months.
The information was encrypted, but in a way that more than 100 engineers could view it, reports
The fintech updated its system over the past two days to correct the issue. It has also suffered several glitches, though
New CUSO
VyStar Credit Union is the initial investor in the $10 million capitalization of PayverisCU, a credit union service organization.
The CUSO is designed to use Payveris credit union transaction technology and artificial intelligence to build API-accessible services for payments, money management and other financial services.
The new services will add to the Payveris platform, which has more than 180 credit unions. Payveris has also partnered with digital banking software company
Dotting the i
Ohio State is adopting contactless payments and mobile security for ticketing at its athletic facilities, deepening a trend toward embedding digital transactions into the fan experience at
The university is using Ticketmaster to enable a marketplace to buy, sell and transfer tickets, as well as create a personalized experience for the ticket, such as who purchased it and who attended which events.
The deployment includes a digital identifier that links each ticket to the fan's mobile phone number with a bar code that refreshes every few seconds, and includes NFC to enter facilities.
From the Web
WIRED | Mon August 5, 2019 - There’s been growing support from both consumers and retailers to move away from cash in favor of digital payment options. This includes credit and debit cards, as well as newer payment forms like mobile (Apple Pay, Google Pay), peer-to-peer (PayPal, Venmo), and virtual or crypto currencies (bitcoin, etherium).
China Daily | Tue August 6, 2019 - SWIFT, the global financial messaging service platform, is accelerating its localization in China given the backdrop of increasing Chinese financial market liberalization, its senior executive said.
The Wall Street Journal | Mon August 5, 2019 - Marriott International Inc. said it booked a $126 million charge in the latest quarter tied to a massive data breach disclosed last year and lowered financial projections for the year.
More from PaymentsSource
The Federal Reserve said Monday that it will build and operate a real-time payments system, a long-awaited decision that was sure to please many smaller financial institutions while antagonizing the nation’s biggest banks.
Investors are making bets on checkout-free retail, a category that is just as challenging as it is innovative. But it's payment technology's race to the moon, a chance to seize a favorable position in the struggle to save retail.
Featurespace has formed a partnership with Emailage to combat online application fraud, where criminals use stolen consumer credentials to apply for credit cards or bank accounts in victims’ names.
The Capital One breach is a classic example of the “insider threat” that has been present since the first merchant hung a shingle and sold goods, and is certainly not limited to the digital age.
