The information you need to start your day, from PaymentsSource and around the web:
Chilled AI
Samsung has launched a new version of its web connected Family Hub refrigerator line that uses machine learning to scan products inside the refrigerator to send alerts for automatic reordering.
The AI also combines with recipe and meal-planning features in an attempt to streamline embedded shopping and purchases, reports
The Family Hub has served as an ordering and payment portal for
Not open
Australia is pushing back its open banking initiative because of worries over securing data as it moves among parties.
The government's new target date for the Consumer Data Right Act is July 2020 instead February for payment cards, deposit and transaction data, reports
While open banking is expected to boost digital transactions such as P2P transfers, delays aren't unusual. Europe's
FX target
Travelex suffered a malware attack, causing it to temporarily shut some digital services to contain the damage.
The attack caused stores to manually process currency exchanges, reports
Travelex contends no data was compromised during the attack, though it did not release details on the type of malware, citing an ongoing investigation.
Libra pressure
Jens Weidmann, a policy maker for the European Central Bank, is pressuring banks to improve payment technology as a counter to Facebook's Libra and other non-bank initiatives.
Weidmann did not call for a central bank digital currency, reports German newspaper
Wiedmann's warning comes shortly after
From the Web
FORBES | Thu January 2, 2020
The bitcoin price has bounced from its earlier lows following news the head of the Iranian Revolutionary Guards' elite Quds Force, general Qasem Soleimani, has been killed by U.S. forces in Iraq. The bitcoin price leaped around 4% to back over $7,000 per bitcoin and was seen trading at $7,265 on the Bitstamp exchange before falling back slightly.
ZDNET | Thu January 2, 2020
The Poloniex cryptocurrency exchange has enforced a password reset for account holders following a data leak across social media. A very common form of scam is known as phishing, in which fraudsters will send fraudulent emails while disguising themselves as legitimate companies.
CNBC | Fri January 3, 2020
Technology giants from Google to Apple are looking to take on the financial services industry. Last year, Apple debuted its credit card; in 2020, Google is set to launch consumer bank accounts. But Big Tech companies share one thing in common: they don’t want to be regulated like banks.
More from PaymentsSource
In its proposal to obtain one of the full digital banking licenses Singapore will award later this year, online gaming company Razer has laid out the gaps between what traditional banks offer and young adults need.
As 2019 fades, it’s fascinating to realize that one of the biggest stories in the payments industry came from a company traditionally outside of it – Facebook.
Robots and drones to execute the last mile for retailers may well be our future, but how do we solve the delivery challenges we have today? That’s where crowdsourcing comes in.
Billionaire Jack Ma’s Ant Financial has applied for a digital banking license in Singapore, as China’s largest online financial platform steps up efforts to expand outside the mainland.
Gaming company Razer Inc. has teamed up with homegrown Singaporean entrepreneurs and Asian billionaires to apply for a full digital banking license, joining the race to create virtual lenders in the city state.
