10.2.18 Your morning briefing

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

Spam proof
Paytm has debuted a what it calls a spam-proof inbox for SMS, as part of an upgrade to its Paytm Inbox.

The Mobile Indian reports the SMS inbox uses machine learning to categorize texts into transactional, personal and promotional.

These categorizations happen when a user opts into Paytm's general text service. The app also includes education on different types of SMS and their categorizations.
Cardless gas
Albertsons plans to test a gas pumping system that enables drivers to pump and leave without having to execute a sale.

The low-touch system is part of Albertsons' no-cashier project, a move more retailers are considering in the wake of Amazon Go's debut.

Albertsons will apply for a patent for the gas pump automatic payment system, reports GroceryDive.

Matchmaker matchmaker...
The Payment Services Directive (PSD2) is expected to expand the amount of collaboration between banks and technology startups, leading BBVA to create a dating service for fintechs and bank departments.

Called the Open Marketplace, it already has 150 members that use search, a directory and AI to determine suitable matches between startups and a bank department's requirements, reports Finextra.

Once a match is found, the fintech and BBVA unit use the Open Marketplace to formalize the relationship and use co-working spaces for proof of concept.

Clinton foundation
Former President Bill Clinton warned blockchain could cause a disparity of access to new technology, particularly if nations "over-regulate" cryptocurrencies and distributed ledgers.

Speaking at Ripple's Swell conference, the former president lauded blockchain as a way to extend access to services, particularly across income groups and borders.

Clinton also acknowledged the danger of cryptocurrency as a funding mechanism for terrorism and other crimes, but said a new regulatory approach was necessary to avoid cutting into the technology's benefits, reports Coindesk.

From the Web

Five things that must happen for blockchain to see widespread adoption, according to Deloitte
CNBC | Mon October 1, 2018 - Blockchain is touted as a technology that will revolutionize the finance sector. Slow transaction speeds and a lack of standardization threaten to restrict growth.

Ripple's cryptocurrency product goes live for the first time with three financial firms
CNBC | Mon October 1, 2018 - Ripple said xRapid, which uses cryptocurrency XRP to carry out international transactions, is now commercially available. The development marks the first time XRP will be used in commercial application by financial services firms.

A Heart Beat: China’s Oldest Tech Publication to Accept Bitcoin Payments
CCN | Mon October 1, 2018 - Beijing Sci-Tech Report (BSTR), the oldest technology publication in China, has recently announced that it will soon accept Bitcoin on its platform. Starting 2019, BSTR will sell its yearly subscription at a price of 0.01 BTC, worth around $65. The publication emphasized that it plans to promote the usage of blockchain technology in a “real-world setting for practical actions,” by integrating the most dominant cryptocurrency in the market.

More from PaymentsSource

Why the U.S. is taking the slow road to faster payments
The payments industry is engaged in 40 active real-time payments programs worldwide, but it's not as chaotic as it sounds — except in the U.S.

For watch sellers, blockchain's time has come
Two watch sellers are diving into a pilot that will test whether social media and blockchain can power alternatives to Amazon and eBay for e-commerce sales, shopping, payments, risk management and marketing.

Discover's new CEO says Amazon is a friend to banks, not a foe
As Wall Street keeps a wary eye on Amazon.com Inc.’s possible foray into finance, Discover Financial Services’ new chief executive officer isn’t too worried about technology-based invaders.

Diebold CFO departs as company faces fiscal challenges
Diebold Nixdorf has announced the departure of its CFO, Chris Chapman, and has hired an interim replacement while working with executive search firm Heidrick & Struggles to find a permanent successor.

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