9.25.18 Your morning briefing
The information you need to start your day, from PaymentsSource and around the Web:
Apple and Salesforce have entered a partnership that will see Salesforce redesigning its app to include new iOS features and tools for Salesforce developers.
The collaboration allows Salesforce, which recently updated its cloud offering to improve billing, CRM and marketing, to quickly add Apple's device technology to the mix — featuring Face ID, Siri, Business Chat and other options.
Apple's Salesforce announcement didn't specifically mention Apple Pay, though the collaboration could allow both companies to expand their response to a current merchant acquisition trend toward embedding payment acceptance within a much larger suite of business tools.
Bread for Bread
Digital white label merchant payment card company Bread has completed a $60 million funding round to add channels for its payment and merchant services technology.
Kinnevik, Bessemer, Melo Ventures, RRE Ventures, Colle Capital Partners and Cue Ball participated in the investment for Bread, which reports it is on track to expand its revenue 500 percent this year.
Bread also plans to use the investment to extend its ability to customize payment and marketing programs based on a specific retailer.
New order for U.K. payments
The New Payment System Operator is looking for a partner or consortium to implement a scalable architecture to support faster payments, check imaging and other clearing and processing tasks.
The year-old NPSO is charged with centralizing the U.K.'s various payment projects as the country migrates most payments systems to more modern, faster and automated processes.
The first project for the NPSO's partner will be migrating near real-time processing to accommodate mobile payments and e-commerce.
ICO crackdown down under
Australia has halted five initial coin offerings since April, a signal that ICO regulations are moving closer to traditional offerings for investors.
Coindesk reports some of these ICOs are being restructured to fit existing Australian laws requiring transparency for investors.
The ongoing regulatory status of cryptocurrencies and ICOs is also uncertain in the U.S., where the SEC has not weighed in directly on ICOs, though has hinted crypto should be regulated as a security investment.
From the Web
Bitcoin Breakthrough? Japanese Giant Opens Corridor To Africa
Forbes | Mon September 24, 2018 - The Japanese money transfer giant SBI Remit is now letting nearly half a million customers send money to Africa using the bitcoin blockchain. Designed to be a faster, more reliable way to send money to Africa’s often overlooked markets, the new treasury management services are being provided by venture-backed firm BitPesa, which has raised $10 million from Greycroft Partners and others to turn the bitcoin blockchain into an enterprise payment rail.
Caltex launches mobile app for fuel payment
Channel NewsAsia | Tue September 25, 2018 - Chevron Singapore, which operates the Caltex brand here, said on Tuesday (Sep 25) it is launching its first fuel payment app for motorists who just want to top up fuel and go “in the quickest time possible.” The mobile app, named CaltexGo, allows motorists to locate a service station, pay for their fuel, get electronic receipts, collect LinkPoints and receive exclusive mobile offers on one platform, the company said in its press release.
Eftpos to fast-track 'Tap & Pay' function to cash in on public transport market
ZDNet | Tue September 25, 2018 - Eftpos is looking to enable its Tap & Pay technology on public transport in Australia, announcing on Tuesday that it would be fast-tracking the capability for use on buses, trains, and ferries. The company has stood up a dedicated technical and business team to complete the capability rollout to financial institutions across Australia by April 2019, with Eftpos MD Stephen Benton saying the team is already in discussions with a number of state governments.
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