9.12.18 Your morning briefing
The information you need to start your day, from PaymentsSource and around the Web:
eBay is targeting a distinctly mobile audience: People who want to shop on their handsets but don't have both hands free.
To this end, eBay created HeadGaze, which uses the iPhone X's face-tracking cameras and Apple's ARKit to track users' head movements, Engadget reports.
HeadGaze is an open-source project; if implemented, it would allow shoppers to scroll through products, fill a shopping cart and check out by looking at certain parts of the iPhone's screen, the article says.
The Sacramento Kings are using Rich Communication Services (RCS) messages to send tickets via text message.
Working with Zipwhip, a business texting provider, the Kings are using the rich texting technology to provide tickets, schedules and other information without requiring fans to download an app or email, the vendor announced Tuesday.
Unlike SMS or MMS texts, RCS supports location sharing, read receipts, payments and other functions, Zipwhip says, citing a GSMA estimate that 86 percent of smartphones will support RCS by 2020.
7-Eleven gets NFC
7-Eleven now accepts Apple Pay and Google Pay at some of its U.S. stores.
Most U.S. stores will support those wallets over the course of September, and they already support Samsung Pay (which can be used on non-NFC magstripe terminals), the company said in its announcement.
China's Bay Area goes mobile
Consumers are transacting between Hong Hong, Macau and the Chinese mainland, leading national Chinese bank-supported UnionPay to introduce interoperable mobile payments in the three locations.
The integration means consumers in the gambling resort island of Macau and Hong Kong can link locally issued UnionPay cards to the UnionPay app.
The move is in response to the development of the Greater Bay Area, or a cross-industry initiative to create an economic hub to rival Silicon Valley in the U.S.
Ripple, R3 end legal spat
Blockchain providers Ripple and R3 have settled a legal dispute over contracts.
R3 initially filed a complaint in Delaware claiming Ripple did not abide by an agreement to allow R3 to purchase 5 billion XRP, Ripple's cryptocurrency, Coindesk reports. Ripple countered with a suit of its own in California, claiming R3 did not honor an agreement to build a joint venture.
Ripple also faces a class action contending XRP should be regulated as a security.
From the Web
Bitcoin And Crypto Get Major British Soap Exposure
Forbes | Tue September 11, 2018 - Bitcoin and cryptocurrency have found an unlikely home: on British soap opera Coronation Street, a TV programme watched by some eight million people per episode. Though bitcoin could now be considered mainstream — the original cryptocurrency also got a recent mention on Eminem's latest album — there is still a huge segment of the world's population that are unaware of bitcoin.
Get ready for Big Bitcoin: Cryptocurrency industry opens a D.C. lobbying arm
The Washington Post | Tue September 11, 2018 - The price of bitcoin may be down, compared with last year's meteoric heights. But industry officials aren't waiting for the next spike in investor demand to launch a charm offensive targeting federal lawmakers and regulators who've taken an interest in cryptocurrencies.
Nets appointed to run unified e-payment system at hawker centres, canteens and coffee shops in Singapore
The Straits Times | Wed September 12, 2018 - Nets has been appointed to unify the fragmented e-payment landscape here and bring cashless payments to all 12,000 stalls at hawker centres, canteens and coffee shops in Singapore. As Singapore's first "master acquirer", Nets will supply hawkers with systems to accept e-payments and settle accounts with the hawkers, marking the most significant step yet in the nation's move to become cashless in places where cash is now king.
More from PaymentsSource
One and done: Consumers' low tolerance for friction in payments
Even as online shoppers demand the best security, they demonstrate an astonishingly low tolerance for inconvenience.
How 3-D Secure 2.0 helps UL get deeper into payments
With the advent of 3-D Secure 2.0, Underwriters Laboratories sees the e-commerce security standard as a launching pad for the company's advancement in the digital payments world.
Swift plans new vetting system to speed payments
The Society for Worldwide Interbank Financial Telecommunication says a pre-validation system it will launch soon to catch payment message mistakes prior to dispatch should increase the number of payments reaching beneficiaries in less than 30 seconds.
Silos and slow policy are hurting blockchain’s growth
Governments should collaborate and work with society, the private sector, and academia to overcome current regulatory challenges to co-develop policies at the pace of technology, writes Manuel Martin, CEO and co-founder of Orvium.