The information you need to start your day, from PaymentsSource and around the Web:
It's gotta be the shoes
Called Nike Live, the concept store allows NikePlus premium members to reserve products in the app and have them placed in a locker inside the store, reports
Consumers will also be able to pay for items through the app, which allows a speedier checkout but falls short of an Amazon Go-style walk-out.
Mobile park and go
Mobile technology is proving adept at improving the
In this case it's smartphone-powered parking payments through a collaboration between the airport and the Jiffy feature from UBI Banca and SIA.
Users scan their license plates when entering the lot, then use their smartphone to pay when they leave, according to SIA.
Card free
Itochu Corporation and Goldman Sachs have invested $55 million in
Consumers register for Paidy then make purchases via a phone number or email address with a SMS or voice verification code. Consumers then pay a monthly bill for purchases at a store that's part of Paidy's network, similar to
Paidy, which uses an internal engine to quickly underwrite and guarantee payments to merchants, reports it has 1.4 million accounts.
When a .150 average is really really bad
Only 15% of ICOs launched thus far wound up trading on a cryptocurrency exchange, reports
The research found 78% of ICOs were scams and 7% failed in some other manner. Other research from Boston College found more than half of token products became inactive within four months of the ICO sale.
From the Web
Reuters | Fri July 13, 2018 - Companies or individuals cannot refuse or discriminate against cash payments, China’s central bank said on Friday, but stressed the rules won’t apply to online payments and unmanned stores. In recent years, mobile payment firms such as Ant Financial’s Alipay, Tencent’s Wechat Pay have gained popularity, with some analysts speculating cash could soon become obsolete in China.
The Wall Street Journal | Fri July 13, 2018 - Walmart Inc. is talking to Capital One Financial Corp. about taking over its store credit card, according to people familiar with the matter. The discussions, which are expected to wrap up in coming weeks, could end Synchrony Financial ’s nearly 20-year run as the exclusive issuer of Walmart cards. Synchrony has been Walmart’s exclusive credit-card issuer since 1999.
CCN | Thu July 12, 2018 - Credit card giant American Express has filed a patent application for blockchain-based proof-of-payment technology. Throughout the past few months, we’ve seen the financial services company support the blockchain very publicly.
More from PaymentsSource
The Canadian government is consulting with the country’s banking industry on opening up Canada’s payments infrastructure to non-bank payment service providers (PSPs) and fintechs, in a far-reaching move to spur innovation and competition.
As the trade war ramps up, some cross-border payment companies are steering into the storm by selling lower-cost automated processing as a way to offset expensive supply chains.
PayPal's executives likely expected the company's $3 billion buying spree of companies like Hyperwallet and iZettle to dominate its media coverage this month. But a single careless letter has stolen the narrative.
The ride-hailing giant is the largest retailer to accept Venmo payments to date, and the move is an indication of how the platform plans to make money.
