Morning Brief 4.27.20: Apple Pay's close to adding major holdout UBS
The information you need to start your day, from PaymentsSource and around the web:
Apple's Swiss comeback
Apple Pay got off to a slow start in Switzerland, partly because of a dispute between the technology company and Twint, a bank-backed Swiss payment app. That dispute was resolved in late 2018, and Apple Pay started to take off.
Apple Pay's comeback in Switzerland is now nearly complete with a deal with UBS to support the payment app, reports Apple Insider. The bank is expected to announce support in the next few weeks.
Apple Pay has also shored up support in Germany, entering a deal with a consortium of more than 1,000 financial institutions to add the payment app.
Alibaba and Ant have filed more than 1,500 blockchain patent applications over the past two years, covering payments, finance, insurance and security.
That's far more than the nearest U.S. firm, IBM, which filed 240 patent applications for blockchain technology, reports Finextra, citing data from global patent database IncoPat.
Alibaba's tally is also substantially more than its chief rival Tencent, which had 724 patent filings in 2019. Tencent's patent filings were also less payment and fintech oriented, focusing more on content creation and social media engagement.
NBCUniversal will launch an e-commerce platform that expands the technology supporting interactive shopping.
Called NBCUniversal Checkout, retailers can offer products though a storefront. Viewers can purchase through their remote or QR code scan, reports TV Technology.
It's not a new concept, as in-show purchasing technology has existed for most of the past decade. NBC's new push comes with an expectation that retailers shuttered due to the coronavirus will be looking for an added channel for sales and marketing.
Nintendo has reported a series of account breaches over several weeks impacting about 160,000 accounts, causing the gaming company to shut down Nintendo Network ID logins.
The breaches took place over the past month and included information such as email addresses and personal information, according to a translation of an announcement on Nintendo's site. The company also found unauthorized purchases through a connected PayPal account.
The gaming company is resetting passwords and stressing multi-factor authentication while it investigates the breaches.
From the web
400.000 US, South Korean card records put up for sale online
BLEEPING COMPUTER | Fri April 24, 2020
Details on roughly 400,000 payment cards related to US and South Korean financial organizations and banks are currently up for sale on Joker's Stash, the largest carding shop on the Internet.
Coronavirus chills Indonesia’s red-hot fintech start-ups
FINANCIAL TIMES | Mon April 27, 2020
A government recommendation that all financial institutions defer payments on consumer and business loans has compounded problems.
Romance Between Credit Cards and Travel Faces Strain
THE WALL STREET JOURNAL | Fri April 24, 2020
American Express on Friday reported a sharp drop in card spending in the travel-and-entertainment, or T&E, category.
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