8.22.19 Your morning briefing

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

Climate control

Barclays has partnered with European sports retailer Decathlon to mimic the climate of Mount Snowdon in an attempt to improve the "click and collect" experience in stores.

The microclimate has been created in a store in the Surrey Quays shopping district in London, allowing shoppers to try products in their intended climate. Barclaycard says this will increase in-store payments, bring online shoppers into stores to complete transactions, and reduce refunds for people who pay online for in-store pickup, but don't follow through.

Barclays often experiments with shopping innovations, recently moving several of its wearable payment devices into an e-store.

Real-time breach

Records tied to Australia's PayID P2P system have been compromised by a vulnerability in the country's real-time New Payments Platform.

The data includes name and account numbers, though that's not enough information to allow withdrawals without further permission from consumer, reports iTnews, an Australian technology site.

The breach comes about a month after a similar incident at PayID, which impacted consumers at Westpac bank.

Crypto test

Austrian mobile provider A1 is testing cryptocurrency payments, hoping to gauge merchant and consumer support for crypto retail transactions, which have proven elusive in most markets.

The initial test group is 7 stores, though A1 will add multiple locations, reports Bitcoinexchange, adding bitcoin, litecoin, dash, and ether are among the first cryptocoins to be accepted.

A1's partners in the project include Salamantex, Ingenico and Concardis, and the mobile carrier plans to add Alipay and WeChat Pay to the test before the end of the year.

Bulking up

DoorDash is quickly adding technology to compete in the expanding food delivery app market by acquiring Scott Labs, a remote-control and autonomous car startup.

It's the second deal in a month for DoorDash, following its $410 million purchase of food delivery app Caviar from Square. DoorDash and Square are retaining a collaboration that uses the Square Orders API and Square's Cash App.

DoorDash is gaining scale and forward-looking technology from both deals, a necessity as competitors such as Postmates add payments processing through a deal with Adyen, and GrubHub added mobile payments and marketing technology by acquiring LevelUp.

From the Web

PayPal-backed money lender Tala raises $110M to enter India
TECHCRUNCH | Wed August 21, 2019
Tala, a Santa Monica, Calif.-headquartered startup that creates a credit profile to provide uncollateralized loans to millions of people in emerging markets, has raised $110 million in a new financing round to enter India’s burgeoning fintech space.

Blockstream developers release Miniscript to make coding Bitcoin easier
YAHOO FINANCE | Thu August 22, 2019
Developers at Blockstream Research think they’ve found a way to make coding Bitcoin easier. Miniscript, a smart contract language designed by Peter Wuille, Andrew Poelstra and Sanket Sanjalkar of Blockstream Research is a new scripting language that helps to code smart contracts while keeping them safe from accidental bugs.

WhatsApp’s quiet mobile payments expansion could beat Libra to the punch
YAHOO FINANCE | Thu August 22, 2019
WhatsApp’s success is posing problems for Facebook’s Libra. If everyone is using regular fiat to send and receive cash, why bother using a cryptocurrency that isn’t really decentralized, private or more valuable than regular money?

More from PaymentsSource

Why Chase Pay never needed the point of sale
By dumping Chase Pay's standalone point of sale app, JPMorgan Chase is handing a victory to the likes of Apple Pay — but it's also eliminating an app that was tangential to the issuer's long-term payments goals.

Giants of payments chase sports gaming's $155 billion jackpot
More U.S. states are legalizing sports gambling, providing a huge opportunity for payments companies that have been fattened by multi-billion dollar mergers.

Bluefin adds tokenization service to protect PII, account details
Bluefin cut its teeth developing point-to-point encryption to protect sensitive payment information from being intercepted by thieves during the transaction process, and now it’s adding tokenization protection for the consumer data merchants keep.

Millennials propel Zelle at BofA
Bank of America’s P2P transaction volume via Zelle is surging, with millennials driving the bulk of its usage.

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