4.17.19 Your morning briefing

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

Will Europe strike back?
Concerned that large American companies like Google and Amazon, and large Asian companies like Alipay, could dominate global commerce and the payments market, Deutsche Bundesbank board member Burkhard Balz is asking European banks to build a pan-euorpean mobile payments platform.

This European payment system would provide another, more local choice for merchants, issuers and other stakeholders, providing leverage against outside companies Balz said are trying to "carve out" a piece of the European payments market.

It's not the first time a European official has called for an alternative payment system to dilute outside influence. In 2018, German Foreign Minister Heiko Maas called for a European system to work around the U.S. sanctions tied to the scuttled Iran nuclear deal.
Smile. Or not.
U.K. fintech Monzo has added emojis to allow people to respond to P2P transfers, presumably if they're happy with the transaction. Or if they feel some other way.

Monzo is competing with Starling and Curve to build a one-stop financial services hub, and P2P is a large part of that. By adding emojis, Monzo hopes to build on the popularity of services such as Venmo, which added social elements to transactions.

Venmo has long used emojis as a way to add context to transactions, or to make payments more personalized.

That's the ticket
Google Pay has deepened its integration with Gmail to support easier content sharing between the two services.

The content includes movie tickets, boarding passes, loyalty cards and offers from the email account. These will show up automatically in the Google Pay app, reports Android Police. This content has also always been available for Google Pay; what's changing is the addition of a feature that allows users to opt in to the automatic sharing.

Google Pay also recently expanded its prepaid card reach through a partnership with French prepaid card issuer PFS.

Collaboration and information sharing are considered key elements to push advancements such as new authentication, blockchain and security, though proprietary concerns often get in the way.

Eleven payment groups are forming a new program to boost collaboration, covering more than 10,000 financial institutions and related businesses. Called the Center for Payments, the first members include EPCOR, PaymentsFirst, MACHA, ePayResources, and others that cover all 50 states and U.S. territories.

One of the group's goals is to pool intelligence to reach smaller financial institutions, as well as add heft for lobbying Nacha, the Federal Reserve, The Clearing House and other organizations.

From the Web

Italian payments group Nexi shares slump on market debut
Reuters | Tue April 16, 2019 - Shares in Italian payments group Nexi fell 6 percent on their debut on the Milan stock exchange, taking the shine off Europe’s biggest initial public offering so far this year. Nexi shares were trading at 8.44 euros by 1030 GMT, below the 9 euro level at which the offer was priced last week, raising a total of around 2 billion euros.

Just Eat acquires iPad POS system Practi in attempt to lock in restaurants
TechCrunch | Tue April 16, 2019 - Just Eat has decided to add to its “quiver of arrows” by acquiring Practi, a software service that provides independent restaurants and small chains with tablet-based Point of Sale (POS) and restaurant management systems.

ZenGo wants to become the crypto wallet for the masses
TechCrunch | Tue April 16, 2019 - KZen is about to release ZenGo, a mobile app to manage your cryptocurrencies securely and more easily. There are already countless crypto wallets out there, but the startup thinks they’re all either too complicated or too insecure.

More from PaymentsSource

Facebook pulls the plug on P2P Messenger service in U.K., France
Facebook has informed users of its P2P Messenger money transfer option in the U.K. and France that the service will no longer be available as of June 15.

Mastercard buys Vyze to get ahead of the POS financing market
By Mastercard’s own reckoning, the point-of-sale financing space is a $1.8 trillion market in the U.S. alone, making its Vyze acquisition a natural way to pursue an opportunity that’s being gobbled up by fintechs and card alternatives.

U.K. appeals court puts Mastercard back in class-action crosshairs
Two months after Mastercard lawyers urged an English appeals court to follow the lead of antitrust judges that had tossed out a multi-billion pound class action lawsuit from U.K. consumers over credit card charges, that appeals court has ruled against the credit card giant.

Email B2B fraud protection can't be left to employees
An embarrassing but persistent form of fraud to which many companies fall victim is business email compromise (BEC). Any company that initiates or settles payments via wire transfer or ACH is susceptible to BEC.

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