Morning Brief 9.11.19: Amtrak adds mobile ticketing features
The information you need to start your day, from PaymentsSource and around the Web:
Amtrak has updated its mobile app to improve bookings and travel management, including incentive marketing and payment credentials.
Riders will be able to save payment card credentials for faster checkout, and can add cards for their Guest Rewards profile. Riders will also be able to convert points to dollars on the app. Other additions include the ability to purchase parking at ticket confirmation and book Auto Train tickets directly from the app.
The national railway is making the improvements as mobile payments technology advances for local mass transit in the U.S. after languishing behind transit systems in other countries for years.
The Netherlands has debuted its real-time payments system, including most of the country's largest banks.
ABN Amro, ING, Rabobank, de Volksbank, and Knab have connected their online and mobile banking customers to the program, called Instant Payments, according to a release, adding the project took about six months.
The payment will usually be credited to the recipient's account within five seconds, with no limit for transfers between the member banks.
Green light in Brazil
London payments fintech moneycorp has received a banking license in Brazil, one of only five such institutions to receive the regulatory nod.
The firm also has a European banking license in Gibraltar. It will use the Brazilian license to offer foreign exchange services, and to encourage foreign investment in Brazil from European firms that may avoid the country because of currency issues.
Moneycorp traded about $50 billion in currencies in 2018, and recently transferred about 4,500 of its U.S. clients to a new international payments platform following an acquisition of Commonwealth FX, a U.S.-based foreign exchange company.
PumaPay has launched its cryptocurrency payment system, which combines a mobile wallet app, a gateway for merchants and a marketing hub — along with PumaPay's own cryptocurrency.
At launch its partners include Wix.com, FashionTV, Rent24 and Ubex; and the company plans a tour to Hanoi, Tokyo, Seoul and other Asian cities over the next week. PumaPay's model is based on "pull" payments which allow merchants to retrieve funds from consumers' wallets based on pre-approved terms.
Cryptocurrency retail payment systems have lagged, though the release of Facebook's plans to offer its own Libra cryptocurrency for payments has brought crypto more attention.
From the Web
Exclusive: Grab in talks to merge Indonesian payment firms to overtake Gojek - sources
REUTERS | Wed September 11, 2019
SoftBank-backed ride hailer Grab is in talks to merge OVO, an Indonesian digital payments firm in which it owns shares, with an Ant Financial-backed local peer to build heft and power ahead of archrival Gojek, people familiar with the matter said.
California passes landmark gig economy rights bill
BBC | Wed September 11, 2019
California lawmakers have passed a bill that paves the way for gig economy workers to get holiday and sick pay. Assembly Bill 5, as it’s known, will affect companies such as Uber and Lyft, which depend on those working in the gig economy.
REPAY Joins the Symitar Vendor Integration Program
YAHOO FINANCE | Tue September 10, 2019
Repay Holdings Corporation, a provider of vertically integrated payment solutions, announced that it has joined the Symitar Vendor Integration Program (VIP). Participation in the program will provide REPAY with access to Symitar’s technical resources to enable REPAY’s proprietary payment platform to integrate with Symitar’s Episys
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