4.17.18 Your morning briefing

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The information you need to start your day, from PaymentsSource and around the Web:

Alipay gets a new code
QR codes have helped Chinese mobile payment apps outpace ventures from other countries, a performance Ant Financial hopes to replicate in the Philippines.

Ant, which operates Alipay, has introduced a new QR code, which is designed to boost payments by Chinese travelers in local stores, reports SunStar in Manila.

Alipay and GCash, the Philippines' largest mobile wallet, will collaborate to promote the new QR code, which will be deployed over the next few weeks to GCash's merchants.
Checking on blockchain
Emirates NBD is among the first banks in the Middle East to go live with a blockchain integration into its checking system, reports Tahalwutech.

The move is designed to reduce check fraud, and places a QR code on each leaf of new checkbooks. This code registers each check on the bank's blockchain, so that once the check is received and cleared, the bank can validate its authenticity.

Emirates tested the technology in its innovation lab for the past few months, and plans to deploy it across the UAE in the coming year.

Worldpay melds marketing with payments
Vantiv's $11.6 billion deal to acquire Worldpay was designed to produce a broad technology strategy to serve gaps in existing merchant acquiring, and one of their first projects aims to centralize a range of merchant activities.

The merged company, now called Worldpay, is adding support for the PAX A920 to its SmartPay line of terminals. PAX A920 is a handheld device that centralizes payments, marketing, payroll, inventory and sales through Android's operating system, an attempt to serve a trend in merchant services that places the payment in the background in favor of loyalty and business operations.

The terminal is designed for line-reducing remote payments, such as pay-at-table and other mobile point of sale use cases, PAX, the terminal manufacturer, said in a Tuesday press release.

Fighting fake IDs
Mastercard has filed a patent application for a blockchain system that's designed to thwart false identities.

The patent covers how identity data is stored on a blockchain system, with the card network requiring parties to provide a public key and a geographic location to produce a data file. These files would then be assigned a digital signature to produce an ID value for each entity with a time stamp to track the timing of when each new "block" is added.

Mastercard has been active in filing for blockchain patents, according to Cointelegraph, which reports the card brand has filed for more than 30 patents related to blockchain and cryptocurrency.

From the Web

Is This The Biggest Myth About Cryptocurrency?
Forbes | Mon April 16, 2018 - “Crypto is outperforming almost every other traditional investment at the moment" says Han Chang, CoinFi co-founder "yet it’s still widely misunderstood and can be unpredictable without the right background and knowledge.” And misunderstood it is.

OCBC offers instant digital card issuance for Apple Pay
The Straits Times | Tue April 17, 2018 - Customers can enjoy easy and fast access to Apple Pay, OCBC Bank said yesterday. Within minutes of applying for a new Visa credit or debit card, the application can be approved and then customers will be able to transact at merchants that accept Apple Pay.

Deleted Facebook Cybercrime Groups Had 300,000 Members
Krebs On Security | Tue April 17, 2018 - Hours after being alerted by KrebsOnSecurity, Facebook last week deleted almost 120 private discussion groups totaling more than 300,000 members who flagrantly promoted a host of illicit activities on the social media network’s platform.

More from PaymentsSource

Can AI rescue charity payments from checking's decline?
Artificial intelligence may help rescue donations from paper's retreat, and give a fintech startup an icebreaker with small banks that haven't embraced automated payments.

The chaotic world of invoices gives one vendor a chance to diversify
The disparities, last-minute additions and disputes in a contractor's payment are giving business gateway Qualpay's a chance to use an invoice fixer as a differentiator in a market filled with payment companies that are morphing into general software sellers.

Brick-and-mortar can help retailers battle Amazon
Mobile scan-and-go technology can redefine the in-store model for retailers by delivering the "just walk out" experience popularized by Amazon Go (and increasingly demanded by consumers) in a way that is viable, scalable and profitable, according to Julian Wallis, retail director at Rambus.

Amex's new Marriott card digs into history to protect the card brand's future
Two years ago, Marriott split its customers between two card issuers following its acquisition of Starwood Hotels. Rather than choose one over the other, the chain has challenged Amex to draw a clear line between its cobrand card and that issued by Chase.

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