The information you need to start your day, from PaymentsSource and around the Web:
Mastercard, Microsoft deepen ties
U.S. consumers using the latest Microsoft Edge browser can sign into Microsoft accounts and use Microsoft Pay to access Masterpass.
The software giant hopes to support payments with minimal rekeying, as well as extend an existing partnership with Mastercard for "
Sandy around the world
The
The U.K. has offered low-regulatory testing for years, and has long pushed to extend a
Shaq's new gig
Steady offers a range of transactional and financial services geared toward people who work as contractors or have irregular hours or pay.
The distinct needs of
Chip sprint
Remember the "
Worldnet has incorporated a version of "faster EMV' into its GoChip point of sale products that contend the payment can happen in a single second.
The company is working with IDTech to speed authorization while maintaining security. Like most other products that shorten EMV payment time, most of the change is on the customer usage end.
Blockchain 'pay'
While
That leaves space for a distributed ledger, according to payment gateway Beam, which is combining blockchain and mobile phones in an attempt to boost checkout automation, reports
Beam integrates with existing point of sale systems and supports NFC, QR codes and other forms of contactless technology.
From the Web
TechCrunch | Tue August 7, 2018 - Oracle executive chairman and CTO Larry Ellison first introduced the company’s autonomous database at Oracle Open World last year. The company later launched an autonomous data warehouse.
The Wall Street Journal | Tue August 7, 2018 - Iranian hackers are developing software attacks that render computer systems inoperable until a digital ransom is paid, a new report says, a threat that comes as the U.S. moves to reimpose tough economic sanctions on the country. Over the past two years, researchers at Accenture PLC’s iDefense cybersecurity-intelligence group have tracked five new types of so-called ransomware they say were built by hackers in Iran.
Reuters | Tue August 7, 2018 - The Bundesbank’s claims towards other euro zone central banks fell sharply last month, data showed on Tuesday, confirming policymakers’ comments that flows in the currency bloc’s payment system were not indicating increased stress. The German central bank’s Target 2 balance fell to 913.2 billion euros at the end of July from 976.3 billion in June, suggesting that technical factors at least in part accounted for the sharp increase in the previous month.
More from PaymentsSource
The last few years have been heralded as a golden age for fintech. Making payments has never been easier or faster, except, when it comes to international payments.
MakeCents uses a distributed blockchain platform to digitize and decentralize fiat currency. For existing stakeholders, the incentives to cede some control in favor of a blockchain are lower costs, faster transactions and greater volume.
The open banking software vendor TrueLayer has raised $7.5 million to help it expand into Europe and take advantage of opportunities from PSD2, but that growth must be tailored to a market that is still in its infancy.
Seven years ago, Shift4 made the bold move of launching a free point of sale platform called Harbortouch for small restaurants and chains in hopes of landing payment processing contracts as the key part of the deal.
