The information you need to start your day, from PaymentsSource and around the Web:
Apple on the Metro
Chicago, Portland and Salt Lake City already support Apple Pay for transit payments, as do London, Tokyo, Beijing and Shanghai. Elsewhere in North America,
At the movies
With a captive audience, concessions and the pressure to reduce lines,
A new platform from MovieCoin, led by movie producer Christopher Woodrow, is offering a coin that supports payments for movie tickets, DVDs and related content, as well as fund the back end of production.
MovieCoin will issue a "fund token" that will raise capital and extend ownership interest in films, TV and other projects. A separate MovieCoin token will be the consumer-facing currency.
API mall
Application programming interfaces (APIs) are considered key to
A Swedish startup called Open Payment Europe is designing what can be considered an interface to the APIs, building a sandbox and portal to a series of different APIs.
Developers can use this portal to build PSD2-compliant applications. Sweden adopted PSD2 on May 1, giving banks an 18-month window to comply with data-sharing rules.
A runway for digital billing in Pakistan
Digital billing company TPS and Pakistani national interbank network 1LINK have agreed to a full renovation of 1LINK's Bill Payment Service.
Once complete, the project will add digital routes to onboard billers into the national system while reducing manual processing steps, both considered key to reducing the country's heavy reliance on cash payments.
The service providers included in the upgrade are from the utility, telecom, academia, hospital, and transportation sectors, which will be able to support mobile and online payment options through the collaboration.
From the Web
CNBC | Mon May 7, 2018 - The rise of digital peer-to-peer payment services in the banking world is paving the way to a new, cashless reality, Bank of America's Head of Digital Banking, Michelle Moore, told CNBC. Bank of America is a leader in mobile and online banking, with 33 million digital customers including over 21 million mobile banking app users.
Fortune | Mon May 7, 2018 - Saudi Arabia is getting friendly with U.S.-based blockchain-focused startups. The Saudi Ministry of Communications and Information Technology recently partnered with ConsenSys, a Brooklyn-based production studio focused on building enterprise software products powered by Ethereum.
Reuters | Tue May 8, 2018 - Credit-monitoring firm Equifax Inc said on Monday it has sent a letter to several U.S. Congressional committees providing additional details on data that was breached in a cybersecurity incident in September. Equifax said that about 38,000 driver's licenses and 3,200 passports details had been uploaded to the portal that had was hacked.
More from PaymentsSource
Regardless of which bank a consumer uses, the Zelle interface should look more or less the same. This is the part of the customer experience Zelle controls and sells to consumers, making it the best way to deliver its security message.
January 14, 2020 seems like a long way away. But there are less than two years before the Windows 7 cut-off date hits; and time flies when it comes to ATM upgrades, writes Paul Albright, executive vice president of Outsource ATM.
Companies such as FleetCor, WEX and U.S. Bank Voyager are in a fierce competition that's driving a wave of innovation as these companies look for advantages in fuel, lodging, tools and other expenses.
The bank and European air carriers are hoping to cut into air fare payment fees that are as high as $8 billion per year.
