The information you need to start your day, from PaymentsSource and around the Web:
Casting call
Swift hopes to add up to 150 IT people as the network responds to
The jobs include agile coaches, developers and operations specialists, reports
Swift recently appointed
License to bank
Tencent and Ant have received banking licenses in Hong Kong, enabling the companies to offer a wider range of financial services to accompany their already considerable
Tencent and Ant will likely create virtual banks on top of their existing services, reports
Hong Kong has been relatively slow to provide banking licenses to online-only companies, having started issuing such licenses in March of this year.
Googling identity
Google is expanding its digital ID technology for Android, adding to the hundreds of
The search giant will create ID tools that developers can use to build apps that can be used as a form of digital ID, reports
Google cash
Beyond its security upgrade, Google is also making changes to accommodate cash payments. Not wanting to leave behind those without payment cards in emerging markets, Google is offering "pending transactions" as a cash payment option for users purchasing Android apps.
The option will appear in the latest Google Play Billing Library update, according to
In the past, these users were only able to use free-to-play or ad-supported games and apps. A user choosing the cash option during the purchase process is given a payment code to show when making the cash payment at a nearby store. Within 10 minutes, the user will receive their purchase along with a receipt in their email.
Rules for dapps
Decentralized applications, or dapps, could be regulated as money transmitters and have to follow extra rules and obtain state licenses.
Dapps are not controlled by a single party, but if the dapp accepts and transmits value, then it falls under AML guidelines, as do the owners and operators of the dapp.
From the Web
The Wall Street Journal | Thu May 9, 2019 - A small but growing crop of financial-technology companies are offering online tools meant to help adult children manage and monitor their parents’ finances and well-being. The rise of these services comes as financial companies look to technology to cater to the changing needs of an aging population.
The Business Times | Fri May 10, 2019 - Scrappy online financial startups have spent the past few years building buzz, backing and the beginnings of a customer base. For a while, the world's banking giants largely ignored them. Now they're starting to feel the heat - and fighting back with the most formidable weapon in their arsenals: cash.
TechCrunch | Thu May 9, 2019 - U.S. prosecutors have brought charges against a Chinese national for his alleged involvement in the data breach at health insurance giant Anthem announced in 2015 that resulted in the theft of 78.8 million records.
More from PaymentsSource
First Data has had significant relationships with Citi, Chase, Bank of America and other large banks — but a report that Bank of America may be ending its joint venture with First Data could send waves throughout the payments industry for what it signifies.
ACI Worldwide launched a new mobile wallet with loyalty capabilities to bolster its Universal Payments platform with consumer bill-paying services.
Most organizations arrive at a crucial point in currency management when they start growing, often through spinoffs, mergers, acquisitions, and regional office setups.
Dutch bank holding company ING Group and its venture capital arm, ING Ventures, joined three other VC groups to fund a €14 million (about US$ 15.75 million) Series B investment round for the Czech-based mobile credit payment app Twisto.
