6.22.18 Your morning briefing
The information you need to start your day, from PaymentsSource and around the Web:
The kiosk will be deployed for six months to measure demand, and is located in a corridor that connects arrival and departure terminals. The airport is collaborating with ByeleX Data Solutions, a Dutch software company.
Bitcoin ATMs are still relatively rare, but have tripled in the past three years to more than 3,300.
Will Dash have a wall of merchants?
In another boost for cryptocurrency payments, Dash has partnered with AloGateway, a global payment processor that handles more than 100,000 payments per day.
AloGateway is one of Asia's largest processors, and is affiliated with UnionPay, Visa and Mastercard. Its merchants are mostly in travel, hospitality, gaming, retail and health care.
Dash has a prior collaboration with Wall of Coins to ease conversion between Dash and traditional currency.
Regulate us please
A U.K. lobbyist for cryptocurrencies is asking for government regulation, a common practice among cryptocurrency companies that want to project legitimacy.
In this case, the lobbyist is warning a lack of regulation could hurt overall innovation.
Iqbal Gandham, chair of CryptoUK, told U.S. regulators that the country could get shut out of the cryptocurrency economy if it doesn't provide guardrails for crypto, Finextra reports.
Gig pay race
Paying contract workers has become a major opportunity for fintechs as companies seek to address a migration away from the traditional two-week payroll cycle.
Payroll and HR technology provider Gusto has launched Flexible Pay, a feature that enables users to select when they receive income for completed work.
From the Web
Samsung Pay expands partnership in Brazil
Yonhap News | Fri June 22, 2018 - Samsung Electronics Co. said Friday it inked a partnership with Brazil's Itau Unibanco, a major bank in the South American country, to invite more users to its mobile payment system. Following the deal, the South Korean tech giant said it now is in partnership with 12 Brazilian banks, including Bradesco, Banco do Brasil, Santander and Caixa.
Okinawa monorail system to experiment with ticket gate Alipay payments for Chinese
The Japan Times | Thu June 21, 2018 - An Okinawa monorail firm said Thursday it will experiment with accepting fare payments made by Alipay, a QR code-based platform run by China’s Alibaba Group, at its gates to improve convenience for Chinese tourists. The test will start at Okinawa Urban Monorail Inc.’s Yui Rail on Friday so passengers can pass through the gates simply by showing their quick response codes on their smartphone displays, eliminating the need to purchase paper tickets.
Ernst & Young and Microsoft build blockchain to power Xbox royalty payments
SiliconANGLE | Thu June 21, 2018 - The world of royalty remittance and digital rights contracts is fraught with accounting errors, inefficiency and complex contracts. To solve this problem, software giant Microsoft Corp. and assurance advisory company Ernst & Young Global Ltd. have partnered up to develop distributed ledger blockchain technology to streamline royalty payments among game publishers, developers and others.
More from PaymentsSource
A new P2P entrant makes privacy its selling point
Called Mezu, the P2P platform has been live for about a week and uses a location-based code to execute payments, avoiding the need to even share usernames or other identifying information to move money.
As consumers warm to biometrics, there's no reason to stick with passwords
Once companies can recognize their customers without constantly asking security questions, they can shower them with benefits to enhance the shopping experience while bolstering their brand, writes Robert Capps, vice president at NuData Security, a Mastercard company.
Visa, NovoPayment using APIs to wean Latin American businesses off cash
NovoPayment, a payment provider focused on Latin America, is working with Visa to help local banks work with Latin American businesses to migrate from their high levels of cash usage to digital payments.
How First Data, Green Dot built digital platforms on debit foundations
Founded in 1971, First Data may not have the glow of being a trendy startup. Green Dot, founded in 1999, is in the same boat. But under the hood both companies have done much to keep up with the innovators.