The information you need to start your day, from PaymentsSource and around the web:
Cash in politics
British authorities are ramping up pressure on banks to maintain access to cash as a financial inclusion measure, as pro-cash politics take on a larger profile in both the U.K. and U.S.
The
In the U.S., the focus has been more on merchants, as companion
Safe entry
OCBC is supporting Singapore's National Digital ID platform, giving the bank ties to the city's digital coronavirus mitigation program.
NDI supports authentication for payments, facility entry, government ID and account activities without touch biometrics or PIN entry — instead using contactless facial recognition.
The digital ID system is also part of Singapore's contact tracing program, which matches entry to facilities based on coronavirus data, which could help banks and merchants vet people who enter their stores or branches.
Whose idea?
An Ethereum payment project called BlockCrushr is suing ConsenSys, saying it used access to inside information to build a payment feature of its own.
The dispute involves a $100,000 investment ConsenSys made in BlockCrushr, which involved sharing lines of code, reports
ConsenSys then launched a payments product a day ahead of BlockCrushr in August 2019.
Subway map
New York's contactless OMNY transit payment migration has finished deployment in segments of the IRT division in the Bronx, with full completion on 2, 3, 4 and 5 trains to Brooklyn expected by the end of July.
The rest of the subway and bus system is in pace for completion by the end of 2020, reports
OMNY's part of a global move to open transit ticketing, a key element in bringing riders who may be concerned about contagion back into systems
From the Web
REUTERS | Fri July 17, 2020
Japan will look closer into whether to issue central bank digital currencies in future, the government said in its annual policy roadmap, a sign that Tokyo may be warming to the idea as the coronavirus heightens demand for cashless payments.
REUTERS | Thu July 16, 2020
Before a hacking campaign tore through Twitter and compromised some of its most high-profile users, an ad went up on a gray market site that facilitates the trade of user accounts for many popular websites including Twitter.
CNBC | Thu July 16, 2020
Online retailer Flipkart has introduced a new payment method called ‘Part Payment’ to allow customers to make partial payment at the time of placing the order and the rest at the time of delivery.
More from PaymentsSource
The growth in remittance providers' digital customer sign-ups has accelerated as the U.S. went into a nationwide lockdown in the middle of March, and has continued through the summer despite store reopenings that could pull customers back to their old habits of paying in person.
Trust in biometrics solves the major obstacle to even wider contactless adoption: contactless spending limits, says Fingerprints' Christian Frederickson.
What made Wednesday’s attack on famous Twitter accounts so problematic wasn’t the high profile of its victims, but the non-technical and repeatable method the assailants used.
Fraudsters hit U.S. banks and merchants hardest with bogus credit card applications in April, while most consumers were in full pandemic lockdown, according to new data from the fraud-detection firm Socure.
Voice assistants such as Apple Inc.’s Siri and Amazon.com Inc.’s Alexa are at the center of a sweeping European Union antitrust inquiry into how Silicon Valley uses data to gain a tight grip on growing markets.
The COVID-19 situation is fluid, but depending on where you’re located, businesses might be opening back up.
Mass transit usage cratered during the coronavirus pandemic, but there’s signs of recovery based on how people are paying for their fares.
Businesses affected by the pandemic are accepting online and touchless in-person payments from consumers with the help of technologies developed originally for B2B invoicing and payments.
EMVCo has developed guidelines that allow the travel industry to provide more data to issuers authorizing ticketing transactions as a way to reduce fraud in air travel, hotel and car rental purchases.