The information you need to start your day, including top headlines from PaymentsSource and around the Web. In today's briefing:

Mandatory 'mobile' payments: Singapore has long used its tax system to discourage car usage through punitive tolls, and it's updating the system to mandate a combination of location-based technology and digital toll payments. Part of the government's broader "smart city" initiative, a new traffic management system, due in 2020, will monitor where cars are at any given time, allowing authorities to manage traffic, monitor speed and spot issues with road conditions, reports Engadget. The payment piece virtually collects tolls and parking fees--toll booths and parking meters would go away. Singapore is believed to be the only city in the world that's monitoring its vehicle traffic this way, Engadget reports, but using payments technology to manage traffic flow is not entirely new. For example, Montreal's transit system has used mobile loyalty apps to manage peak times.


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New security threat in a Flash: Nearly 100 banks may be the target of a new Android trojan that targets consumers that have recently installed a Flash Player app. Victims are asked for payment card details for nearly every app they open, reports HelpNetSecurity, which also reports the trojan will ask victims for administrator rights via a fake Google Play service. The malware then disappears out of the user's view, yet is still accessed each time a consumer opens one of the mobile banking apps, or social networking or messaging apps such as Twitter, Facebook Skype, Snapchat or WhatsApp. In an email, Don Duncan, senior engineer of NuData Security, said "What is frightening for me and our customers is again; banking credentials are compromised. It’s precisely why it is hard for consumers to trust online banking, and it’s a hassle because now these victims have to call their banks and reset banking credentials. There is also the fact they can so easily intercept SMS messages, making the two-factor authentication less secure."

Google's carrot for subscription payments: Engadget is also reporting Google will soon allow Android developers to set introductory prices for subscriptions--ie the Sling TV app could cost $10 per month for three months as an introductory offer, with the cost later rising to the usual $20 per month. The new program, announced at Google's Playtime developer event, is designed to lure more people to Android's subscription payments feature.

From the Web (powered by Wiser)

U.S. consumers will spend $632 billion online by 2020 (AMZN, BABA)
Business Insider • B.I. Intelligence
E-commerce has been on the rise in the last several years, thanks in large part to titans in the industry such as Amazon and Alibaba. And that growth shows no signs of slowing down in the near future. In fact, e-commerce will...

Caffè Nero chooses Yoyo Wallet for mobile payments and rewards
Finextra
Yoyo Wallet, the UK’s most used mobile wallet, has been selected as the mobile payment and loyalty strategy partner for Caffè Nero.

Skift Backstage Podcast: What Airbnb and Hotels Should Learn from Each Other
Skift • Hannah Sampson, Skift
There's no doubt Airbnb is shaking up hospitality in a way that might make hotels nervous. But the homesharing company also has a lot to learn from — and teach — the hotel industry. -Hannah Sampson

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