Headline News from PaymentsNews.com – August 17, 2017

Written by Payments News Editor on August 17th, 2017. Posted in Uncategorized

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments consulting and education services to payments professionals worldwide!

ON THE WEB

  • Apple and PayPal have started to disable payment support from websites selling white nationalist and Nazi apparel - BuzzFeed - "On Wednesday, Apple confirmed to BuzzFeed News that it had disabled Apple Pay support for a handful of websites that sold sweaters with Nazi logos, T-shirts emblazoned with the phrase “White Pride,” and a bumper sticker showing a car plowing into stick figure demonstrators. Following Saturday’s Charlottesville demonstrations, where one woman was killed by a car driven by a white nationalist, the iPhone-maker blocked three white nationalist sites from using Apple Pay."
  • Mastercard Targets Mexico City, Where Cash Is King - Bloomberg (VIDEO) - "Mexico City is joining major cities across the globe by taking its first step toward cashless public transportation. Or at least Mastercard hopes so. This November, the card company will introduce a contactless, transit-enabled debit card for Mexico City’s Metro, the Sistema de Transporte Colectivo, allowing riders tap-and-go payment tied to their bank accounts. It’s an effort by Mastercard to capture millions of daily cash transactions while helping the government promote broader participation in the financial system."
  • Outback Franchisee Adding More Ziosk Tabletop POS Locations - Digital Transactions News - "Ziosk, a tabletop point-of-sale system owned by Tabletop Media LLC, said Wednesday that more than 100 Outback Steakhouse restaurant locations in the Southwest will use its devices."
  • Wirecard supports Singtel’s roll out of virtual Visa card - Finextra - "Singtel Dash is currently Singapore’s most widely accepted all-in-one digital wallet. The mobile payments platform, which allows customers to shop, pay transport fares and remit money, is part of Singtel’s strategy to transform Southeast Asia’s biggest phone carrier into a leading communications technology company by investing into digital and cyber security businesses."
  • The Token Effect - Yccombinator blog - "Cryptocurrencies and tokens are becoming increasingly popular. In this post, we’ll explore the context that triggered this frenzy, the new possibilities tokens unlock, and why people are excited about its future."
  • Trezor — security glitches reveal your private keys! - Medium - "As we all know, a few weeks ago there was a presentation about Trezor “glitches cause stitches” attacks at DEFCON 25. These attacks are possible because Trezor is using non-secure chips made by STMicroelectronics. "
  • Simple lays off 33 employees as top executives depart banking company - GeekWire - "“We have been acting like a bank instead of a technology company,” he wrote. “And that changes today.”"
  • Alipay continues its aggressive expansion with Yelp partnership - Business Insider - "Alipay, the Chinese mobile wallet, has partnered with Yelp to give its massive user base access to Yelp’s local business content when traveling in select US cities, according to Finextra."
  • Alibaba’s Revenue Surges, Fueled by Consumer Demand - Wall Street Journal (Paywall) - "The Chinese e-commerce giant posted adjusted earnings per share of $1.17 in the three months ended June, up 65% from a year ago. Quarterly revenue rose 56% from the year-earlier period to $7.4 billion, beating estimates of analysts surveyed by S&P Global Market Intelligence."
  • Bank-fraud malware not detected by any AV hosted in Chrome Web Store. Twice - Ars Technica - "Once installed, the Interface Online extension, uploaded at least twice in the past 17 days, surreptitiously monitors all connections made with the Chrome browser. When users visit specific pages programmed into the code, the extension activates a JavaScript routine that logs the user name and password entered into the form. The extension then uploads them to a server controlled by the attackers."
  • Shipping company Maersk says June cyberattack could cost it up to $300 million - CNBC - "Maersk first announced that it had been hit by NotPetya — a ransomware attack that prevented people from accessing their data unless they paid $300 in bitcoin — in late June. Merck and WPP also said NotPetya had affected operations."

ON THE WIRES

  • Trends in Consumer Mobility Report - "Our Bank of America Trends in Consumer Mobility Report explores timely mobile trends and forward-looking consumer behaviors that increasingly impact our everyday lives. The latest iteration includes the youngest generation – Generation Z – to better understand the future of mobile and the next era of banking."
  • Alpha Payments Cloud and Australia Post Launch Joint Venture: A Commerce Hub for the Nation - "ACH aims to transform the Australian digital commerce industry by providing vendors with the opportunity to expose their solutions instantly to thousands of Australian merchants as well as Payment Service Providers (PSP’s), helping to evolve PSP’s into vendor enablement platforms."
  • Digital Payment Platforms Primed to Topple Cash - "According to the recent U.S. Bank Cash Behavior Survey, 47 percent of consumers surveyed say they prefer the use of digital apps to make payments versus cash (45 percent). Breaking the results down by generations, 49 percent of millennials (aged 19-36), 44 percent of Generation X (aged 37-52), and 32 percent of baby boomers (aged 53-71) have made digital payments. That number is expected to grow with Zelle, a new P2P payments network that offers a fast, safe and easy alternative to checks and cash, says Gareth Gaston, executive vice president of Omnichannel at U.S. Bank."
  • Cayan Adds EMV Certification with Worldpay - "Cayan has announced it has achieved chip card certification with Worldpay US, a global leader in payments processing technology and solutions. Cayan's new certification marks the latest in a series of EMV certifications, including Chase, Vantiv, First Data and Elavon, solidifying Cayan's processor agnostic approach. "

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  • Payments Boot Camp, October 3-4, 2017, San Jose, CA, Logistics
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  • Payments Boot Camp, December 5-6, 2017, Palo Alto, CA, Logistics
  • Global Payments, October 5, 2017, San Jose, CA, Logistics
  • Digital Payments, October 19, 2017, NYC, NY, Logistics
  • Innovation in Payments, December 7, 2017, Palo Alto, CA, Logistics
  • For more, click here. We hope to see you soon!

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    UPDATES FROM GLENBROOK

    Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

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