4.1.19 Your morning briefing

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

A new crop of bills
Google has followed its AI-driven photo software with a new function that adjusts photos of printed items, such as receipts.

A particular use case is receipts, which can be "cleaned up" through cropping, removing background clutter and other adjustments accessible via on-screen editing tools, reports Engadget.

Receipt image capture has existed for years, though Engadget reports the practice has become particularly popular for money management and budget apps, which rely on images of client receipts for processing.
The power of titanium
Apple Card may spur more usage of Apple Pay due to consumer comfort with metal.

Eighty percent of consumers say they would be more likely to use Apple Pay on an iPhone or Apple Watch if they also had the physical card, according to research from Business Insider.

That could boost Apple Pay, which is passed a billion quarterly transactions in third quarter 2018 — though only about a third of iPhone users have activated the app.

Casting call
Shortly after hiring several blockchain payment experts from Chainspace, Facebook is seeking to deepen its bench as it plots a possible cryptocurrency.

Facebook has posted a job opening for production managers, a business operations manager, data scientists and a growth product manager, reports Coindesk. All of this follows former Messenger boss David Marcus' move to head Facebook's blockchain unit last year.

Facebook CEO Mark Zuckerberg has also frequently discussed blockchain and uses for cryptocurrency over the past year, sparking rumors that Facebook is going to launch its own cryptocurrency.

Tapped out
Researchers have found a next gen version of keylogging that gleans characters from virtual keyboards from fingertrap sounds.

The device's microphones snoop for sound waves, which correspond to a user's location on a screen, reports VentureBeat, adding this can pick up usernames, passwords, PINs and other personal information and authentication.

While keyboard acoustic attacks have existed for some time, this new strain of attack is particularly advanced because it attacks soft onscreen keyboards.

From the Web

Debt-laden payments firm Nexi draws strong demand on first day of IPO
Reuters | Fri March 29, 2019 - Italian payments group Nexi’s initial share sale drew strong investor demand on its first day, with bookrunners saying orders exceeded the amount on offer in what is likely to be one of Europe’s biggest listings this year. Nexi said it would use cash from the new share sale as well as 1.5 billion euros in fresh financing provided by a group of banks involved in the IPO to reduce debt.

Coinbase’s New Customer Incentive: Interest Payments, With a Crypto Twist
The Wall Street Journal | Fri March 29, 2019 - Coinbase, a platform where users can buy and sell bitcoin and other cryptocurrencies, is launching a program for institutional investors that will pay them a set interest rate, likely between 5% and 8%, when they park money in its custody service. The program, called “staking,” comes with a crypto twist.

AMF: Central bank governors pledge support to regional payment platform
Saudi Gazette | Sun March 31, 2019 - The Chairman of the Arab Monetary Fund (AMF) last Thursday concluded the high-level conference under the overarching theme of “The Role of Cross-Border Payments in Fostering Regional Financial Integration”. The conference, organized in collaboration with the German development agency GIZ, gathered over 350 industry leaders from around the world on March 27-28 , 2019 at the InterContinental Hotel in Abu Dhabi, United Arab Emirates.

More from PaymentsSource

Peace offering made to small financial institutions on fast payments
With a decision looming from the Federal Reserve on whether it should build a real-time payments settlement service, The Clearing House has taken steps to attract smaller depositories to its own system.

The 10 places where the U.S. wants to mandate cash
U.S. lawmakers are not enthusiastic about the cashless trend being driven by the likes of Amazon Go, sweetgreen, and numerous other merchants of all sizes.

Comviva adds tech to boost contactless integrations in India
Mobile technology provider Mahindra Comviva developed a software integration for issuing banks and third-party digital wallet providers to add contactless payment capabilities to their mobile products in India.

Visa veteran joins FleetCor’s Comdata trucking-payments unit
The next step for trucking industry payment providers is tapping the full benefit of available data streams as they upgrade from decades-old paper-based payment systems to cloud-driven mobile apps.

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