4.03.18 Your morning briefing

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

Right on it
Panera Bread's website leaked millions of customer records for at least eight months following a warning from a security researcher, according to security writer Brian Krebs.

According to Krebs, Dylan Houlihan told Panera about leaks of names, emails, addresses, birthdays, preloaded accounts, and the last four digits of credit cards on August 2, 2017. Panera apparently told Houlihan it was working on a fix.

As of early yesterday, that information was still available online, though it has since been removed, according to Krebs.
Mine flushing
Google has banned all browser extensions that mine cryptocurrencies from its Chrome Web Store.

About 90% of mining extensions have not complied with Google's policies, leading to the outright ban, according to Google. Blockchain extensions that aren't used for mining will still be allowed.

Mining's electricity drain also played a role. The mining scripts often consume "significant" CPU resources and can impact system performance, Google said.

City coin
As governments ponder their own central bank currency, Seoul is planning a cryptocurrency called the S-Coin.

Coindesk reports the coin will support payments for city services such as programs for government employees and the environment.

Seoul also plans to expand blockchain technology to manage payments and other functions for mass transit.

They're really both scary
The Equifax breach is scarier than the Facebook/Cambridge Analytica election scandal for Americans, according to research from MagnifyMoney.

The poll found 54% of Americans are more concerned about the Equifax breach than the idea that Facebook data is being used to influence elections.

The Equifax breach, which exposed personal ID info on more than 140 million people, is expected to facilitate payment fraud for years to come. The MagnifyMoney poll did find 20% of Americans are considering deleting their Facebook accounts because of the election scandal.

Speak of donations
As Amazon builds out the necessary ID protections and other tools for voice-activated transactions for Alexa, it is partnering with about 40 organizations to power fast donations.

Consumers can say "Alexa, make a donation to XYZ charity" and the digital assistant will send funds from the user's Amazon payment account.

Engadget reports the participants include Propublica, St. Jude's, Feeding America and Doctors Without Borders.

From the Web

The Bank of England is testing blockchain tech to support domestic payments
Digital Trends | Mon Apr 2, 2018 - The Bank of England said last week that it’s currently working on a “proof of concept” to see if its real-time gross settlement (RTGS) service will benefit from blockchain technology. The bank’s governor, Mark Carney, revealed the plans in April 2017, saying that securities settlements need innovation, and blockchain technology – aka distributed ledger tech – could produce “significant” gains regarding platform stability, efficiency, accuracy, and security.

Electronic payments hit record high in 2017
Yonhap News Agency | Tue Apr 3, 2018 - The amount of payments made electronically hit a fresh record high last year amid a growing trend of South Koreans using the Internet and mobile devices to carry out their financial transactions, central bank data showed Tuesday. The daily average for electronic financial transactions came to 468.8 billion won (US$442.8 million) in 2017, up 36.5 percent from a year earlier, according to the Bank of Korea (BOK).

China caps store mobile payments at $80
Nikkei Asian Review | Tue Apr 3, 2018 - China has imposed daily limits on smartphone-based payments in the name of combating fraud, spurring cost concerns among vendors and inconveniencing consumers. The People's Bank of China, the country's central bank, implemented the caps on Sunday for different types of QR code payments, based on relative risk.

More from PaymentsSource

How mobile wallets still fail against plastic cards
The threat that mobile would displace plastic never came to be. But the new technology — often developed by retailers and other nonbanks — nevertheless forced issuers to take stock of their own offerings.

Amazon Go's got the right mix to reverse self-service's disappointments
The timing is right, both for the technology and for Amazon, which has already demonstrated excellence on required customer journey points like a widely adopted Amazon app, writes Chris Ventry, a director for BRG Corporate Finance.

Alibaba's massive investment in mobile ordering reaches far beyond China
Alibaba is investing billions into mobile ordering technology in China — but what is more fundamentally American than spending large amounts of money on food?

BitPay's $40M funding round to fuel B2B, cross-border growth
The funding round comes on the heels of what BitPay cited as a record year in 2017 in processing more than $1 billion in bitcoin payments.

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