10.23.18 Your morning briefing
The information you need to start your day, from PaymentsSource and around the Web:
Google at the terminal
On the same day NCR announced its deal to acquire JetPay to boost its processing, rival Diebold Nixdorf partnered with Google and Mastercard to enhance its own payments technology.
A large part of the collaboration includes Diebold Nixdorf's cloud-based merchant services technology, which will be tied to Google to boost advertising, allowing shoppers to see what inventory is available in stores near them.
An additional Diebold Nixdorf partnership with Mastercard will support cardless and other digital payments technology at the point of sale.
Three Paytm staffers were arrested in India for attempting to extort about $2.7 million from Shekhar Sharma, the founder of Paytm.
ZeeNews reports the suspects stole personal data from the Paytm exec and threatened to leak the data if the ransom was not paid.
Some of the ransom money had already been paid, but the total ransom amount was hiked.
Swift and Microsoft have debuted a proof of concept to host Swift infrastructure and support cloud payments on Microsoft Azure.
The two companies hope to deploy Swift messaging in the cloud, a process designed to speed payments for banks, corporates and service bureaus.
Luxury leather shoe company Rancourt & Co. is the first merchant to support "Slice it in 4," a product from Klarna that allows consumer to pay for items in 4 equal installments rather than all at once.
Fashion United reports the consumers choose a method of payment, which is made at two, four, and six weeks after purchase.
From the Web
Alibaba wins order blocking cryptocurrency firm from using similar name
Reuters | Tue October 23, 2018 - Chinese ecommerce giant Alibaba Group Holdings Ltd has won a U.S. court order barring Dubai-based cryptocurrency firm Alibabacoin Foundation from using the Alibaba name. U.S. District Judge Paul Oetken in Manhattan federal court on Monday issued a preliminary injunction against Alibabacoin, rejecting its argument that he lacked jurisdiction.
Hong Kong’s TNG Fintech acquires Indonesia’s digital payments company WalletKu
Yahoo News | Mon October 22, 2018 - Hong Kong-based TNG FinTech Group has acquired WalletKu, a finch company which offers prepaid mobile phones credit top up, bill payments, hotel, airline, and sports ticket bookings and payments. This is TNG’s second such a deal in a week, following its acquisition of Malaysia’s payments company Ekuinas Tranglo.
Visa Integrates Open Source Hyperledger Tech for B2B Blockchain Payments
CCN | Mon October 22, 2018 - Visa is integrating open-source blockchain code from the Hyperledger Fabric ahead of the commercial launch of its own blockchain service for enterprise payments in Q1 2019. Visa B2B Connect, the payment giant’s enterprise blockchain platform that enables cross-border payments between businesses, is partnering IBM to integrate the latter’s development of the open-source Hyperledger Fabric framework.
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