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:
U.K. says Diebold Nixdorf's hurting competition: The U.K. government is pressuring ATM maker Diebold Nixdorf to lighten its grip on the British cash access market following the company's merger with Wincor Nixdorf. The Competition and Markets Authority contends the $1.8 billion deal has left NCR as the only major alternative in the ATM market, and the lack of competition could reduce quality and increase prices. The CMA has recommended Diebold Nixdorf sell assets or apply services to new market entrants. In response, Diebold Nixdorf said it's pleased the CMA has not questioned global competitiveness, and any remedies will focus on being unintrusive and inexpensive. The CMA first began looking into the merger in August.
Hungary plots instant nationwide payments: The National Bank of Hungary is planning an instant transfer network for domestic payments, which should be complete by 2019, reports Finextra. The bank-led Zelle-style system will use new Sepa standards for instant transfers. The national bank launched the initiative after a national consultation, and admits the project will be "costly" in the short-term, but says it is necessary for Hungarian banks to remain competitive in the long-term.
Shake Shack's 'order ahead' gets a little larger: Order ahead apps are a major strategy for quick service chains looking to shed lines, becoming a big part of PayPal's merchant acquisition effort and a sizeable chunk of Starbucks' volume. Shake Shack is gradually expanding its app’s coverage from Manhattan to a larger part of the U.S., according to Eater. The website reports Shake Shack's move is not fully national--order ahead is available only on iOS and is not available in Austin, Dallas, Atlanta and other locations. Shake Shack is developing an Android app.
ATMs beware of 'Alice': Trend Micro has released research on Alice, a new ATM malware family that poses a variety of threats to cash machines. The malware, which runs on any ATM hardware that uses XFS, empties the ATM's money safe but does not have skimming features. Crooks use an external keyboard to control Alice, using an authentication tool that allows "mules" to offer their ID. It also masks itself--if there are too many incorrect PINs entered, the malware will stop working.
From the Web (powered by Wiser)
The race to fix Nigeria’s payments problem just received a big boost
Quartz • Yomi Kazeem
Making online transactions is a process taken for granted as one of the natural offshoots of deeper internet penetration. But, in Nigeria, things haven’t been…
Mobile Payments Today: 2016 in review
Mobilepaymentstoday.com • Will Hernandez
Was 2016 the year of mobile payments?
Samsung Pay set to launch in India in H1 2017 – report
Mobile World Live • Chris Donkin
Samsung is preparing to launch its Pay app into the Indian market during the first half ... The post Samsung Pay set to launch in India in H1 2017 – report appeared first on Mobile World Live.
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