The information you need to start your day, from PaymentsSource and around the Web:
Down under
When FIS agreed to acquire
And Worldpay is still expanding as it awaits its new acquisition, plotting a deeper move into Australia and surrounding regions. Worldpay will open two sales offices in Australia and will move into New Zealand, where it has just received a license.
The Australian offices will support payment technology development and consulting to complement Worldpay's existing merchant acquiring business in Australia, which debuted in 2016. Merchant acquiring in New Zealand will start during the second quarter 2019.
European trip
Fresh off launching
Austria, Estonia, Greece, Portugal, Romania, Slovakia and Slovenia will soon launch the app, reports
Apple Pay's expansion has played a major role in Apple's broader push into streaming content and the Apple Card by providing an enrolled consumer base to pay for entertainment and other services.
Crowded multiplex
Infinity is joining the tough movie ticket subscription market, which includes
Infinity will launch in the fall with features such as discounts, rollover movie credits and redemption on the Infinity app or site, reports
There are also chain-branded subscription apps such as AMC Stubs A-List and Cinemark Movie Club, giving Infinity plenty of competition.
They don't know
Only three in 10 cryptocurrency exchanges have adequate anti-money laundering protections, a blow to an industry that at times has suffered from a reputation for
69 percent of exchanges do not have complete and transparent know-your-customer procedures, reports
The research also found 26 percent of exchanges have a "high" level of AML procedures, which are defined as an in-house AML experience and ongoing transaction monitoring.
From the Web
Business Insider | Wed March 27, 2019 - T-Mobile is partnering with US-based processor TSYS to move into the mobile point-of-sale (mPOS) space with GoPoint, a mPOS device for small businesses that offers free same-day funding, no software licensing fees, and 24/7 customer service powered by TSYS.
Xinhua | Wed March 27, 2019 - Malaysia's mobile payments saw its total purchase transactions surged 20 times to 23.7 million, underpinned by non-bank players, its central bank said on Wednesday.
The Business Times | Thurs March 28, 2019 - London-based fintech firm TransferWise has formally added PayNow to its other payment options like credit card, debit card and bank transfer, following an initial test of the mobile payments service, it said in a Thursday announcement.
More from PaymentsSource
Digital payment innovators have shown an almost limitless propensity to home in on banks’ turf, and Citigroup is ready to strike back.
We are at a critical inflection point in history. Artificial intelligence and other emerging digital technologies have the potential to exponentially enhance human capabilities. There is also fear about the rise of robots and the potential impact on society and jobs. But, contrary to Hollywood images and fear-mongering naysayers, AI, coupled with a commitment to ethics, people, diversity and inclusion, has the potential to usher in a new era of prosperity and opportunity for all. We have both a business and a moral responsibility to make it so.
As more U.S. e-commerce merchants look to accept cross-border payments, they must contend with payment processes that are less straightforward than they are used to — but which consumers have come to expect.
One-to-one customer service touchpoints have become obsolete. It’s now all about one-to-many. When a customer reaches out about a problem, it’s rarely contained within a single product or service.
