The information you need to start your day, from PaymentsSource and around the Web:
CheapAir's cryptocurrency turbulence
Companies are offering services that
Digital travel agency
The custodial accounts were the key loss because it allowed the travel agent to convert cryptocurrencies, since most airlines and hotels do not accept bitcoin and other alternative currencies, according to CheapAir.
In-store retail rescue
U.K. department store chain Debenhams is collaborating with Western Union to boost its travel booking and payments business, providing a possible counter to the
The paper reports
Open tools for U.K. business payments
Business payments company
The update to its PT-X payments platform allows U.K. businesses to access an API to to update payroll, direct credit, direct debit and faster payments services.
The company hopes to maintain relationships with businesses as mobile payments and business management services proliferate, and as businesses adopt sharing economy-style payments to contract staff.
What account is that?
British bank TST suffered data breaches and unexecuted payments after trouble with a systems migration, reports
The bank was moving accounts from an older Lloyds platform to the Preteo4 system from Banco Sabadell, TSB's new owner. Glitches tied to the migration resulted in stalled transactions, inaccessible P2P services, inaccurate online account information and, in some cases, the ability to see directly into other customers' accounts.
The bank apologized as sporadic troubles continued after the weekend.
From the Web
The Economic Times | Tue April 24, 2018 - Digital payments and ecommerce company Paytm is in advanced talks to acquire Chennai-based online movie ticketing platform TicketNew, according to two persons familiar with the development, as it looks to fortify its entertainment ticketing business. Paytm will acquire TicketNew from Alibaba Pictures at the price at which the latter had bought it, the persons cited earlier said, pegging the deal at anywhere between $30 million and $40 million.
Kuwait Times | Mon April 23, 2018 - The payment of goods and services has evolved over time from the physical exchange of coins and notes, cheque writing to online payment by transferring card details using devices such as mobile phones and personal digital assistant (PDA). Currently, the payment can now be made through mobile devices which is referred to as mobile payment.
TechCrunch | Mon April 23, 2018 - Gaming hardware maker Razer, which went public in a big IPO in Hong Kong last year, is doubling down on payments after it announced a deal to acquire MOL, a company that offers online and offline payments in Southeast Asia. Razer made an initial $20 million investment in MOL last June to supercharge its zGold virtual credit program for gamers by allowing them to buy using MOL’s online service or its offline, over-the-counter network of retailers that includes 7-Eleven.
More from PaymentsSource
Bluestone Lane, an Australian-style café and coffee shop in the U.S., has been well-served by its move to cashless payments in October 2016. But even the most well-planned transition can encounter problems if customers aren't expecting it.
There are lots of layers technology risk-mitigation features, and in addition, network level mitigation is provided as well, writes Robb Gaynor, chief product officer at Malauzai.
A few handshakes among a small group of Silicon Valley techies are presenting the best chance yet to wipe out passwords in favor of modern identity protection.
The partnership PayPal announced last year with Samsung Pay has come to fruition, with PayPal rolling out a new capability enabling its users to make purchases at any store that accepts cards via Samsung Pay.
