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Send in the bots
Walmart is set to expand its use of robots in stores, with more than 1,800 out of the retailer's 4,700 stores having robots by the end of the year.
The retailer hopes to mitigate staff turnover and manage the expense of keeping its stores open at all times, reports
Walmart, which is in a fierce battle with Amazon and Target, is pursuing new technology. It has opened
Not open enough
U.K. regulators say five banks aren't moving fast enough to support open banking, or the use of technology to support data sharing between banks and fintechs.
The Competition and Markets Authority reports Bank of Ireland, HSBC, Lloyds, Danske and Santander have not met deadlines for app-to-app function, reports
U.S. passage
As the state agency considers updating
Since launching the license in 2015, New York had previously approved applications at a rate of about four per year, far less than the more than 4,400 financial institutions that are under New York's regulatory control.
Listening in
A surveillance app allows crooks to attack iPhones, picking up contacts, recordings, photos and information that's used for some retail sites, such as real-time location.
The developer used Apple enterprise certificates to go around the app store to infect users, reports
The new attack strain is related to an Android app which includes a spying feature that can gain access to WiFi passwords, emails and cellular data, according to TechCrunch.
Staffing up
Financeit has hired former Discover and GMAC Insurance exec Steve Olzewski as general manager for its U.S. division as the Canadian point of sale financing company plots a geographic expansion. The company has also appointed Jonathan Smith as chief risk officer for both the U.S. and Canada.
The company hopes to take advantage of the
These companies also see an opportunity because
From the Web
CNN | Tue April 9, 2019 - Yahoo could pay $117.5 million to settle massive data breaches that compromised personal information, including email addresses and passwords. The proposed settlement was announced on Tuesday, but still needs to be approved by US District Judge Lucy Koh.
WIRED | Tue April 9, 2019 - Researchers at the Kaspersky Security Analyst Summit in Singapore are presenting findings about a new wave of payment system scams. Beyond so-called jackpotting attacks, which cause individual ATMs to spit out money, hackers are manipulating ATM networks and the digital authentication checks in the machines to cash out fraudulent transfers they initiate around the globe.
Malay Mail | Tue April 9, 2019 - Malaysia and Singapore announced today a cross-border toll payment smart card called Combi Card that may be used by motorists travelling in both countries. The card would be similar to Malaysia's Touch 'n Go and Singapore's EZ-Link cards.
More from PaymentsSource
A Cleveland startup’s play in the crowded and noisy P2P market is to nudge the transaction as close to digital version of paper money as possible — without Venmo’s social tools or Zelle’s email model.
Mastercard has joined forces with Microsoft, Workday and the nonprofit Partnership for Public Service to recruit younger prospects to work with the CIA, the FBI, the DoD and the EPA battling global cyberattacks.
Traditional U.S. retail is in crisis at the hands of e-commerce. Bankers have a role to play to stop the bleeding through a combination of service, incentives, and payments technology.
While virtual currencies have been “on the list” of banks for years, to date most have taken a hands-off approach.
