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Toy story
Toys "R" Us parent company Tru Kids Brands is collaborating with retail software company b8ta on experiential retail as the toy seller tries to recover from its
B8ta, which has also worked with other retailers such as Macy's that were closing stores, will give toy brands the chance to deploy interactive displays and manage in-store experiences, such as directions to in-store point of sale or online payments, reports
The first two stores will open in Houston and New Jersey, and will be 6,500 square feet, with future stores having 10,000 square-foot floor plans. Most traditional Toys "R" Us stores were about 30,000 square feet.
Searching Libra
Politicians quickly jumped in to call for regulations on
Libra is the third most searched topic in China, reports
China is also the top nation for Libra web searches, ahead of Luxembourg and Singapore. The U.S. is 14th among nations in Libra web searches.
App green light
An app only financial institution called 86 400 has received a regulatory license in Australia, clearing its way for a launch in the upcoming weeks.
The startup is positioning itself as an alternative to Australia's "Big Four" banks by offering apps that power payments and savings accounts with an expansion into broader products later.
At launch it will support the major mobile and wearable wallets, Visa debit cards, and an overlay service to Australia's New Payment Platform, which powers mobile P2P transfers, reports
Biometric cards
Fingerprint cards and Giesecke + Devrient are building biometric contactless payment cards, with an initial deployment at Credit Agricole in France.
The cards use Fingerprints' T-shape module, which is designed to be integrated into smart cards using standard processes.
The collaboration comes as banks incrementally deploy
From the Web
Yahoo Finance | Thu July 18, 2019 - Speaking at an event for its concept payment technology, Ken Moore, the head of the Mastercard Labs research and development arm of the firm, said the new currency could help make the technology more accessible.
Reuters | Fri July 19, 2019 - Wirecard, the German payments company, said it had signed an agreement with supermarket chains ALDI Nord and ALDI Sued to process card payments at all their stores in the country.
The Straits Times | Thu July 18, 2019 - Credit cards are on the decline, a trend analysts attribute to tighter regulations to curb excessive debt and the growing use of e-payments. But the income banks earn from credit cards continues to rise, a positive picture seen at all the three major local banks.
More from PaymentsSource
Transit systems are attracting contactless payment technology, but there are other options on the horizon that could make boarding easier than tapping a card or smartphone — provided riders are comfortable with an experience like something out of Minority Report.
Ever since PayPal took control of Venmo as part of its 2013 purchase of Braintree, it has woven Venmo into more and more of its products. Even other acquisitions aren't immune to the spread of Venmo.
Ally Financial is pivoting away from the credit card business in favor of a different kind of unsecured consumer lending.
CHICAGO — It's hard to ignore the lure of being able to tell a potential merchant client that you can get them set up to accept digital payments in no time, will charge a flat fee and set them up in a marketplace to attract more customers.
