5.16.19 Your morning briefing
The information you need to start your day, from PaymentsSource and around the Web:
Stadiums are becoming more digital, a migration that's enabling fresh approaches to countering ticket fraud. Ticketmaster has introduced a feature called SafeTix that places a bar code on tickets that changes every few seconds.
That's designed to reduce the window for copying a ticket through a screenshot, and the bar codes continue changing even if the ticket is sold in the secondary market, reports Engadget.
SafeTix will debut for the NFL's upcoming season and concert tours, with a goal of deployment at 500 venues by the end of 2019. Ticketmaster also plans support for NFC tickets and Apple Wallet for SafeTix later this year.
At the Storr
Spark Capital has invested $3 million in Storr, an online retail marketplace that allows users to open their own online store and sell branded products, with the Storr processing payments and the sales commission going to the individuals or to charity instead of retailers.
The brands handle inventory and logistics, making Storr's model and attempt counter e-commerce marketplaces such as Amazon and social sites that support sales such as Instagram. Sellers can also share details about the products through social networking tools.
Storr, which has raised about $8 million in pre-Series A funding, contends it has more than 30,000 sellers and 175 brands on board, with other investors including Craft Ventures, Abstract Ventures and retired baseball player Alex Rodriguez.
Grade for smart cities
Smart cities use a mix of digital payments, GPS, digital ID and other technologies to streamline transit, parking and city services, though there is concern over how the introduction of more automation will impact financial inclusion.
The Urban Institute and Mastercard are collaborating to measure the impact of digitized payment, business and government services on different groups within communities.
Mastercard is also working with Microsoft to power a global exchange of technology and smart city concepts among businesses and political leaders.
The Google Pay settings page in the Payments center does not have a visible section for privacy for users at the bottom of the page, and settings default to "on" that allow Google to use credit data, tell third party sites whether the user has a Google Payments account and market based on personal information. Turning that to "off" requires users to access a separate link to a sidebar section that adjusts home settings.
Google told Android Police it is working on an update that will place the notifications directly on the settings page.
From the Web
Visa contactless cards can be used to pay train, bus fares from June 6
The Straits Times | Thu May 16, 2019 - More commuters in Singapore will soon be able to pay for trips on trains and buses by tapping their contactless credit cards or mobile phones, with the Land Transport Authority (LTA) expanding its SimplyGo system to Visa card users from June 6.
Mastercard's Chief Inclusion Officer: "Inclusion Can't Be Built In Silos"
Fortune | Wed May 15, 2019 - With a thoughtfully woke CEO and consistently high ratings on all the diversity lists, Randall Tucker knew that his new life as Mastercard’s Chief Inclusion Officer would be a different kind of gig. Now, just over two years on the job, Tucker says he’s making a mark.
Startup Launches To Combine All Of Your Credit And Debit Cards Into One Digital Card
Forbes | Wed May 15, 2019 - Forget checking your balance on your mobile phone. Startup Binji wants you to use your debit card instead. In stealth mode for the past twelve months, the Irvine, California fintech is launching a debit Mastercard that enables consumers to consolidate as many as twenty-four credit cards and debit cards into a single account.
More from PaymentsSource
5 ways digital stadium payments are changing the game
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How Sainsbury's cashier-free store differs from Amazon Go
Sainsbury’s has launched the U.K.’s first mobile-only checkout-free grocery store, inviting comparisons to what Amazon Go is doing in the U.S. But their models are far from identical.
Why one lawmaker seeks a federal ban on cashless businesses
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Elavon teams with online travel agencies on virtual card payments
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