Morning Brief 5.22.20: Apple updates Face ID for masked shoppers
The information you need to start your day, from PaymentsSource and around the web:
Apple has made several updates to iOS in response to the coronavirus pandemic, including access to Apple Pay and the contact tracing open development toolkit it is developing with Google.
iOS 13.5 speeds authentication for devices with Face ID for users wearing face masks, and introduces the Exposure Notification API to support tracing apps from health authorities, reports Ars Technica. Face ID redirects users to type a passcode when it fails; the update will move to this step faster when the user is wearing a mask, enabling faster authentication for the App Store, Apple Pay and other Face ID supporting apps.
Face ID is also part of Apple's transit payment technology, which is designed to reduce the time needed to authenticate commuters at transit stations.
Mobile money platform Citcon and cloud mobile payment provider Tulip are collaborating to extend QR code mobile payments to a network of luxury and fashion retail brands.
Citcon has a base of about 6,000 merchants, while Tulip provides mobile app design and other customer experience technology.
The coronavirus has drawn attention to contactless payments, which is providing movement toward QR codes. PayPal, for example, this week expanded QR code support to merchants in more than two dozen nations.
Not ready for Prime
Amazon Prime Day has reportedly been postponed until September, as the company adjusts to spikes in e-commerce demand and supply chain disruptions.
The event normally takes place in the summer, but the coronavirus has strained Amazon's warehouse, reports The Wall Street Journal. The delay, which has been rumored for weeks, could cause Amazon to discount more items, and could also impact third party sellers.
Prime Day dates to 2015 and has expanded to 36 hours. It's a major factor in Amazon's third-quarter earnings and is Amazon's top source for new Prime memberships.
Shortly after Paytm expanded its reach into gaming, carrier billing firm Boku has launched an international gaming payment network in cooperation with Pearl Abyss.
Pearl Abyss is a South Korean game developer that's best known for the role playing game Black Desert. The rollout includes Russia, Singapore and about a half dozen other countries, mostly in Asia.
The service includes both carrier billing and e-wallet support for GoPay, GCash, GrabPay and other local payment apps.
From the web
Personal finance tracker Copilot adds support for Apple Card spreadsheet imports
TECHCRUNCH | Thu May 21, 2020
The makers of personal finance tracking app Copilot announced that users can now import the Apple Card’s CSV spreadsheet into Copilot. The app will then go to work categorizing the transactions into topics, like transportation, subscription services, shops and restaurants.
ShinyHunters Is a Hacking Group on a Data Breach Spree
WIRED | Thu May 21, 2020
Over the first two weeks of May, a hacking group called ShinyHunters has been on a rampage, hawking what it claims is close to 200 million stolen records from at least 13 companies. Such binges aren't unprecedented in the dark web stolen data economy, but they're a crucial driver of identity theft and fraud.
Starbucks same-store sales in U.S. and China improve as company reopens cafes
CNBC | Thu May 21, 2020
The company has regained about 60% to 65% of its U.S. same-store sales over the last week, compared to the same period a year ago. The company is tracking slightly above its internal estimates for recovery.
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