Welcome to the new PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web:
Mastercard boosts Apple Pay in Spain: Apple Pay's global expansion has been incremental, at times contentious, and has often lacked local bank support. Its move into Spain appears to be a bit smoother, as Apple has lined up support from Mastercard and Banco Santander, the credit card network announced. Macrumors reports Apple has also lined up support from American Express, the retail chain Carrefour and the prepaid company Ticket Restaurant. Apple Pay went live in Spain on Dec. 1, making it the 13th country to support Apple's mobile payment app.
Will AI aid health care payments?: A government program may demonstrate the utility of artificial intelligence and bots for streamlining health care treatment and payments. The Department of Veterans Affairs and Flow Health are collaborating on a medical knowledge graph that uses AI to customize health plans for veterans based on need, and tracks treatment plans, funding and execution, reports Engadget. The tech site says the program could provide a model for the private sector health care industry, which is struggling to adjust to the spread of consumer direct plans and a changing regulatory environment. Financial institutions and payment companies, including First Data and PNC, are making investments in emerging technology that aims to streamline health care record keeping and payments.
Lithuania gets in line for Brexit recruiting: More countries trying to lure financial technology companies from the U.K. in the wake of its vote to leave the European Union. The Bank of Lithuania, Invest Lithuania and and Lithuanian law firm Sorainen plan to attend an event next week at the U.K. accelerator facility Level39. The Lithuanian parties are offering fast pre-approval for companies authorized by U.K. regulators and a three-month wait for a full Lithuanian license. The government is also offering a regulator-operated application programming interface to SEPA for nonbanks.
Virtual gaming gets a new market: Gaming has contributed a variety of innovations to the payments industry, and startup Naga hopes to join the list. The financial technology company is collaborating with Deutsche Borse to launch Switex, a joint venture that will provide a platform to execute trading and transactions on gaming platforms. Finextra reports the companies hope to tap a $46 billion global market for gaming transactions, adding the Deutsche Borse exchange has been looking to collaborate with fintech firms on new ventures, setting up a venture fund in June and touting its experience as a market infrastructure provider.
From the Web (powered by Wiser)
Connecticut Innovations Invests $1.5M in Fintech Company Dream Payments
Crowdfund Insider • Samantha Hurst
Connecticut Innovations (CI) announced on Thursday it invested $1.5 million in Dream Payments, a fintech company that provides a cloud-based mobile payment platform for merchants and financial institutions. CI stated that the $1.5 million investment will help to further fuel the growth.
How a point-of-sale system can help your business thrive
MyVenturePad • Smith Big
Last impressions are just as important as first. Think about it. A customer comes into your store. You help them find the right party dress or make them a cappuccino with the perfect smiley face or help them select the best motor.
Digital banking may eat into ATM business
The Economic Times of India
ATMs are cash-vending machines and operators are paid on a per transaction basis.
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