Welcome to the new PaymentsSource Morning Briefing, delivered daily with the information you need to start your day, including top headlines from PaymentsSource and around the Web. In today's briefing:
Disney reinvents its 'Magic Band': Before the term "wearable" became mainstream in technology circles, Disney's Magic Band was one of the model's early successes, replacing the amusement parks' hotel keys, theme park tickets and stored-value cards with a fashionable wristband that could perform the same functions. It was successful enough to inspire wearable technology from Apple, and is now getting a second life at Disney. Believe Vacations reports Disney's Magic Band is being redesigned with a puck design that can be popped out of the bracelet. That enables it to be used with other accessories such as lanyards and keychains. The idea behind the redesign is to make the bands more personalized, according to Believe Vacations.
Cash hangs on in Canada: While India dramatically alters its currency policy and a move to eliminate some paper money gains steam in Australia, cash is still popular in Canada, even though it has declined 20% in the past five years, according to the Finextra, which cited research from the Canadian Payment Methods and Trends Report. As the same time, contactless payments grew 70% in 2015 alone. Checks are on the decline, falling 25% during the past five years.
Samsung's wearables score one for interoperability: Samsung Pay has been limited to Samsung devices, but the company's new wearable technology is loosening some of those restrictions. 9to5Google reports the the Gear S3 Classic and Gear S3 Frontier smartwatches will support Samsung Pay mobile payments both with and without a paired Samsung smartphone—pairing the devices with any modern Android smartphone will allow Samsung Pay to work. The range of contactless payments technology these watches will support is still unclear, according to 9to5Google.
Scottish Bitcoin ATM: Despite the regulatory uncertainty surrounding virtual currency, Bitcoin ATMs have usually been able to gain traction. Edinburgh will get its first Bitcoin ATM this week, when AlphaVend deploys a terminal inside the Foreign Exchange offices, reports EconoTimes. Consumers can buy the digital currency through the ATM as well as all of the foreign currencies supported by the Foreign Exchange office. Consumers can buy in increments of about $8 to $1,300.
From the Web (powered by Wiser)
MobiKwik revises GMV sales target to $10 billion by next year
The Economic Times of India
In addition MobiKwik is reaching out to autorickshaw and cab drivers who are opting for a mobile wallet for a hassle-free payment method, said Taku.
Dunkin' Donuts emphasizes its growing rewards program
Business Insider • B.I. Intelligence
This story was delivered to BI Intelligence "Payments Briefing" subscribers. To learn more and subscribe, please click here. This week, Dunkin’ Donuts is holding Perks Week as part of a move to "honor and reward" its most loyal customers. During the promotion,...
Amazon opens Prime shipping to all merchants
Business Insider • B.I. Intelligence
This story was delivered to BI Intelligence "E-Commerce Briefing" subscribers. To learn more and subscribe, please click here. Amazon's new Seller Fulfilled Prime program allows third-party merchants to make inventory eligible for Prime two-day shipping without using Fulfillment by Amazon, letting vetted...
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