4.24.19 Your morning briefing

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

Amazon at the Casino
Amazon's retail ambitions have extended to France, where the Casino Group will add Amazon lockers to 1,000 supermarkets and grocery stores, an expansion of an existing mobile order and pay collaboration between Amazon Prime and Casino. Amazon will also sell Casino-branded products on its main site.

Both companies also have checkout technology in common.

Casino is developing cashierless technology, using a model similar to Amazon Go, which is looking in both the U.S. and Europe to find locations to reach its goal of 3,000 locations.
Help wanted
Fintech N26 is opening an office in Vienna and plans to hire hundreds of IT specialists and engineers.

The new office will focus on security, with a particular focus on fraudulent payments and other transactions, reports TechCrunch, adding N26 has been criticized for its ID technology. N26 is developing a system that compares card transactions to a user's mobile phone location, and plans to use AI to develop a scoring system for security risk.

N26 recently raised about $300 million in new capital and partnered with Apple to bring Apple Pay to Spain.

Elevated
The PSD2-era technology gold rush has gotten more crowded, as Unisys has updated its Elevate banking software platform to add more data management based on individual users' payment habits.

Unisys has also added an API integration that supports direct linkage of third party data with bank platforms, a key goal of PSD2 and most open banking systems that seek to give consumers access to financial data beyond their bank accounts.

IBM is also among the companies that have built systems aimed specifically at PSD2 and open banking compliance.

Globe trotting
Apple Pay is expected to launch shortly in Austria, where contactless terminals have been mainstream for several years.

Austria will join other nations that recently began to support Apple Pay, including Saudia Arabia and the Czech Republic.

Financial institution support at launch will likely include Bank Sparkasse and N26, which have both promoted Apple Pay support in Austria in the past, 9to5Mac reports.

From the Web

Credit-Card Issuers Boost Spending on Social Media Ads
The Wall Street Journal | Tues April 23, 2019 - Capital One Financial Corp. and American Express Co. spent an estimated $18.6 million and $13.5 million, respectively, on Facebook ads meant to sign up new consumer-credit-card holders in 2018, according to Mintel Comperemedia’s analysis of data from digital marketing intelligence firm Pathmatics, up from $2.8 million and $4 million in 2017.

Gen Y driving digital payments adoption finds Bankwest survey
Computerworld | Tues April 23, 2019 - Nearly 40 percent of ‘Gen Y’ consumers use digital means to make everyday purchases, a survey commissioned by Bankwest has found. Defined by Bankwest as payments made with a digital card on a smart device, digital payments were most commonly used by the youngest cohort in the survey, although 23 percent of Gen Xers and 11.5 percent of Baby Boomers made purchases using this method.

Banks use fintech to make up for lost time on financial inclusion
Financial Times | Tues April 23, 2019 - Now, some 12 years after Vodafone co-founded M-Pesa, the mobile payments venture that took east Africa by storm, banks are upping their game to improve financial inclusion rates across Africa and the Middle East, as technology widens their ability to deliver banking services at lower costs.

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Mastercard adds AI, cybersecurity to girls’ STEM education program
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MeaWallet establishes single source for tokenization
Norwegian digital payments provider MeaWallet is offering a new payment tokenization solution that delivers Mastercard, Visa and American Express tokenization services through a single connection.

Resolve brings B2B net payment terms to e-commerce
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Rapid rise of mobile money apps has come with risk
Mobile banking and payment apps have seen remarkable growth in popularity and usage worldwide over the last year.

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