6.27.19 Your morning briefing

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

Gas cloud

The challenging U.S. EMV migration earlier in the decade was of course just a first step, as gas stations face a migration deadline of October 2020 to accommodate the more complex upgrade for fuel pumps.

Shell has already debuted a mobile app to defray costs for the EMV migration, and is taking additional measures to move its outdoor pumps to EMV. Shell will use an SD-Wan application, or computing structure designed to work across a large network, to manage the large geographic distribution of its locations.

The gas station chain has reached an agreement with Cybera, a technology firm that uses a cloud structure, to drive a project in which Shell fuel dispensers will be converted to IP network devices that can process EMV payments at outdoor pumps.

Continental

Apple Pay has dramatically expanded its reach in Europe, with fintechs Revolut and Monese announcing expansion of support to 12 nations in central and eastern Europe, including Bulgaria, Croatia, Cyprus, Malta, Romania and Slovakia.

Apple Pay has expanded its coverage in Europe and the Middle East over the past year, with recent deployments including Germany, Poland, Norway and Saudi Arabia, reports MacRumors.

The expansion comes as Apple has set a goal to have its payment app live in more than three dozen markets by the end of the year.

Shopify pings Apple

Apple Pay is also expanding its reach with Shopify, which has added support for Apple Business Chat to Shopify Ping, a messaging platform that merchants can use to engage consumers.

The added integration means consumers can pay with Apple Pay while inside the chat program, reducing friction for consumers, reports TechCrunch.

Shopify can also use the payment feature as a way to sell Ping as an alternative to Facebook Messenger when communicating with consumers.

Ripping up paper

Fintechs are trying a variety of methods to take paper out of business billing, leading business payment provider Coupa to collaborate with technology firm TransferMate to automate cross-border transactions by accessing TransferMate's rails, which cover more than 100 nations and currencies.

Coupa will connect its Invoice Payments product to TransferMate to serve clients with international supplier networks.

Coupa is trying to address the 50% or so of businesses that still make supply payments via check by embedding the payment in a suite of other services. The company recently added a virtual card and a concierge service to its existing suite of supply chain management services.

Biometric partners

Biometric company Zwipe and Chinese smart card firm XH Smart are partnering to commercialize biometric payments for XH Smart's clients, covering banks and telecom companies in more than 70 countries.

XH Smart manufactures Visa, Mastercard and UnionPay cards, producing 44 million cards in 2017. Zwipe has provided biometric payment card technology to clients such as Gemalto and Visa.

Adoption of biometric cards has increased as payment companies seek to embrace new ID technology to replace traditional authentication methods such as passwords.

From the Web

Ripple Deal Could Make XRP Cryptocurrency Compliant With FATF Anti-Money-Laundering Rules
Forbes | Wed June 26, 2019 - Ripple, the largest single owner of the XRP cryptocurrency (currently valued at $20 billion), has signed a deal with regulation technology startup Coinfirm, to shine new light on how the third-largest cryptocurrency is being used.

What is the Libra Association going to do, really?
TechCrunch | Wed June 26, 2019 - When Facebook unveiled Libra a few days ago, the company also announced the Libra Association, a not-for-profit that will oversee all things Libra. Facebook wants to make sure that everyone is aware that Libra was created by Facebook but isn’t controlled by Facebook.

Facebook’s Libra Could Give Dollar, Banks Some Welcome Competition
The Wall Street Journal | Wed June 26, 2019 - Financial technology startups and cryptocurrencies have all sought to bust up that monopoly. With its new digital currency, Libra, Facebook Inc. may actually succeed by doing what none others have: by creating a de facto central bank to issue it.

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