The information you need to start your day, from PaymentsSource and around the Web:
School days
Paytm plans a range of services for students, such as insurance and a debit card that can be used for ID, attendance and as a library card.
The student card is part of a larger plan to provide a coaching marketplace, exam forms and college admissions built off of payment products, reports
New hire
Meanwhile, Sonia Dhawan has taken an executive communications position at Paytm First Games, a collaboration between Alibaba and One97, Paytm's corporate parent.
There's a bit of intrigue here, as Dhawan used to be an executive at Paytm, and was accused in an
Dhawan denied the accusations, which claimed she and accomplices stored data belonging to Sharma and tried to get him to pay to release the data.
$4 billion served?
McDonald's is adding GrubHub to make deliveries in New York as the fast food chain adds partners after ending its exclusive relationship with Uber Eats.
McDonald's wants to make delivery a $4 billion business in 2019, reports
UberEats was McDonald's only partner when it commenced delivery in 2017, and McDonald's started to add other collaborators earlier in 2019, including DoorDash.
Contactless car
Business payment company Fleetcor and its fuel and parking technology subsidiary Sem Parar are working with Nissan to install RFID tags on Nissan vehicles manufactured in Brazil, with a total of about 50,000 cars per year.
The tags will support payments at Brazilian merchants that accept contactless payment, as well as toll booths, 650 gas stations and 300 drive-thrus.
Fleetcor earlier this year agreed to acquire
Trash talk
China's digital currency chief has provided details about the country's upcoming digital currency, including a critique of Facebook's Libra.
The digital yuan won't require an account and can transfer funds without a mobile or web network, reports
The contention is likely bragging, given Libra doesn't exist yet and there hasn't been a lot of details released about how Facebook's coin will work — and the role of its partners.
From the Web
CNBC | Sat September 7, 2019
According to the Center for Cyber Safety and Education, unfilled cybersecurity jobs are expected to reach 1.8 million by 2022, up 20% from 1.5 million in 2015. Mastercard is trying to change that, by showing 1 million middle school girls worldwide that they have what it takes to play a role in the technology landscape of the future.
REUTERS | Fri September 6, 2019
The Trump administration published new limits on money transfers to Cuba as part of tighter U.S. sanctions on the island, but the previously announced rules allow funding for private businesses, and pro-democracy and citizen groups.
CNBC | Fri September 6, 2019
Two years after the announcement of the massive Equifax breach — a cyberattack that compromised the personal information of about 148 million people and recently led to a $700 million court settlement — consumers are still falling short in their efforts to make sure they aren’t the victims of fraud, according to a new survey by CompareCards.com.
More from PaymentsSource
U.S. counterfeit card losses have plummeted in the past four years, a signal the challenging EMV migration has made a dent.
As Gen Z starts entering adulthood, financial institutions are beginning to ask what the new generation wants in terms of lending, and how will they choose to access it? For the executives who’ve been busy serving up financial products to millennials, there is an additional question on everyone’s mind — will this new generation be as slow to adopt credit cards and personal loans as millennials, or is it going to be different?
The patent office is getting buried in applications for distributed ledger systems, a mountain of documents that chart a clear course toward making static identity and password protection irrelevant.
Rwanda-based I&M Bank has rolled out a multi-currency Mastercard prepaid debit card enabling users to load funds in 15 different currencies with no foreign exchange fees.
