The information you need to start your day, from PaymentsSource and around the Web:
A new EMV speed race
A few weeks after
The
Ant's emerging markets
The United Nations' Economic Commission for Africa and the International Finance Corporation will use Ant's expertise in building online payment systems in the Philippines and other emerging markets to support payments and other financial services in African markets.
The ECA, IFC and Ant will also directly invest in local payments technology in Africa.
Card on tap
Pabst Blue Ribbon has debuted a branded credit card that's tied to an incentive marketing program.
Pabst is collaborating with O Bee Credit Union, an Olympia, Wash.-area credit union that issues brewery-linked credit cards. O Bee has also issued cards for Olympia and Rainier Beer.
CBA's small biz play
Commonwealth Bank of Australia is integrating its small business management tool, Wiise, with its credit card and banking systems, hoping to reach a segment that still relies on checks and paper-based processing.
The integration will combine payroll, invoicing and e-commerce with HR, inventory and manufacturing.
Wiise is a collaboration among CBA, KPMG Australia and Microsoft.
From the Web
CNN Money | Wed August 15, 2018 - Former refugee Ismail Ahmed knows how difficult it can be to send money home — so he started a company to make it simpler. The business he founded, WorldRemit, has 600 employees and handles 1.1 million payments per month.
The Motley Fool | Wed August 15, 2018 - One service that has been quite successful for Apple has been its mobile payments service, Apple Pay. "Well over 1 billion" Apple Pay transactions occurred during the June quarter-- tripling the number of transactions that took place in the same period a year ago.
South China Morning Post | Thu August 16, 2018 - WeChat, or Weixin as it’s known in China, began life in a southern corner of the country at the Tencent Guangzhou Research and Project centre in October 2010. Since then, it has grown into the most popular mobile app in the country with over 1 billion monthly active users who chat, play games, shop, read news, pay for meals and post their thoughts and pictures.
More from PaymentsSource
It almost seems counterintuitive that a health savings account would be so attractive that it could actually be used as a marketing tool to recruit prospective employees and retain existing ones.
Brim Financial has launched Canada’s first non-FI-issued credit cards with a bold claim that the Toronto-based fintech will disrupt Canada’s C$470 billion credit card market with a focus on streamlining reward redemption.
People who work in information security departments are confronted with security alerts every day; at large banks they get hundreds of thousands a day. Choosing which to act on and which to leave alone is never easy.
For Citigroup, a change in how it plans to operate in the U.S. is all about streamlining operations so its global network can be on the same page regarding product development, payments technology and card portfolio growth.
