3.29.19 Your morning briefing

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

Opening day
Stadiums are filled with captive retail and long lines, so they often embrace payment innovation as a way to improve the fan experience.

Apple Pay has found a steady stream of adoption at sports facilities, and will operate through Square and the Washington Nationals to handle food orders via Square's Caviar app, reports 9to5Mac.

Concession vendors will use Square Terminal to take orders and accept payments throughout Nationals Park, supporting both Apple Pay and credit cards.
Government money
Insight Partners has invested more than $100 million in PayIt, a platform state and local governments use to accept payments from constituents.

PayIt uses a cloud to host processing technology for motor vehicle, taxes, utilities and other government collections. The company will use the funding to add to its geographic footprint.

In a release, Insight Partners noted PayIt's ability to bring consumer-level payment experiences to government transactions as a factor in its investment.

Merchant coin
U.K. fintech CoinAcquiring is adding accounts designed for merchants in an attempt to build support for cryptocurrency payments.

Merchants have been mostly reluctant to accept cryptocurrency for payments beyond niche categories that banks usually don't support, such as gun shops and cannabis dispensaries.

CoinAcquiring hopes to broaden the market by pairing payments with other financial services and merchant acquiring, such as corporate banking, SWIFT transfers and payment cards.

Another day...
Right on the heels of Infinity, Atom Tickets is entering the movie subscription business, which is getting more crowded despite the challenges facing existing services such as MoviePass.

Atom Movie Access will pair booking and payments with other services, such as reserving seats, pre-ordering concessions and mobile app check-in, reports TechCrunch.

Atom Tickets will also manage customer service and fraud detection, addressing a problem that services such as MoviePass have faced.

From the Web

Payments giant Stripe secures Irish e-money licence
Yahoo News | Fri March 29, 2019 - Stripe, the San Francisco-based payments platform owned by two Irish brothers, is set to expand its Dublin base significantly after it secured an e-money licence from the Irish Central Bank.

Crypto Winter Thaws as Bitcoin Investment Firms Raise Nearly $275 Million
CCN | Thu March 28, 2019 - The crypto market technically remains neck-deep in a 15-month long bear market that began in January 2018, but, in recent months, with support from some of the largest financial institutions in the global market, the crypto industry has seen significant progress in areas including institutionalization, regulation, and adoption.

Crypto Pay Coming for Millions of Japanese Rail Passengers
Cryptonews | Thu March 28, 2019 - Japanese commuters could soon be able to pay for their journeys in a range of cryptocurrencies and stablecoins. Cloud and internet service provider IIJ has unveiled plans to work with the East Japan Railway Company (JR East) on a project that will allow travelers to pay for train tickets or at station shops and kiosks using cryptocurrencies,

More from PaymentsSource

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Visa, Remitly partner on faster cross-border P2P
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Instacart, Stripe to deliver same-day payments to employed shoppers
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