The information you need to start your day, from PaymentsSource and around the Web:
To catch a thief
Walmart has deployed an artificial intelligence system to determine theft at the point of sale by identifying and analyzing unusual activity such as items moving into a bag without being scanned.
The chain has deployed the technology in more than 1,000 stores and monitors both self-checkout and human cashier stations, reports
More time...for some
The European Banking Authority will allow some firms to get an extension on the Sept. 14 deadline for strong consumer authentication (SCA) for e-commerce transactions under PSD2.
That
The extensions will be contingent on the stakeholders having a migration plan in place and a short timeframe for execution.
Google + PayPal
Merchants can make a code change to the allowed payment methods to switch on PayPal, reports
The added integration will remove navigation for consumers who won't have to sign in to PayPal when using it as an option in Google Pay. The merchant also receives funds from payments in a few minutes, according to TechCrunch.
New breach
Canadian financial services cooperative
Desjardins says the breach was carried out of a former employee, and it did not know about the incident until police contacted Desjardins in June.
While the compromised information can indirectly lead to payment and account fraud downstream, Desjardins said no card information, passwords, PINs or security questions were compromised.
More blockchain at Facebook
Facebook is continuing to hire blockchain professionals as it develops its
The social network is hiring a finance program manager to focus on cross-border projects, reports
Facebook has been adding to its blockchain staff for much of the past two years, including an acquihire of blockchain payment experts from U.K. fintech
From the Web
TechCrunch | Mon June 24, 2019 - Not long ago, people in China would need to visit a posh, stylish mall for luxury shopping. That’s rapidly changing as high-end brands race to embrace digital channels, which aren’t just the obvious options of ecommerce platforms or brand-owned sites.
The Straits Times | Mon June 24, 2019 - Bitcoin traded above US$11,000 for the first time in 15 months, recouping more than half of the parabolic increase that captured the attention of mainstream investors before the cryptocurrency bubble burst last year.
The Guardian | Sun June 23, 2019 - Facebook’s plan to operate its own digital currency poses risks to the international banking system that should trigger a speedy response from global policymakers, according to the organization that represents the world’s central banks.
More from PaymentsSource
Libra has only been public for a few days, but it has been enough time for regulators around the world to savage the project and schedule hearings.
Facebook is under fire for the logo of its recently unveiled cryptocurrency unit, which bears striking similarities to one used by a challenger bank.
Hackers are flocking to loyalty and rewards programs, pushing marketers to embed extra fraud technology to stem financial losses.
In the U.K., next-level fraud types — involving technologies such as push payments and P2P — are gaining traction now that EMV has been in place for more than a decade.
