2.4.19 Your morning briefing

Register now

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

Blockchain train
A project in the U.K. will offer cryptocurrency rewards in exchange for sharing travel data to inform rail schedules.

Dovu, a London-startup that analyzes transportation data, is collaborating with rail company Go-Ahead to use a blockchain to distribute cryptocurrency to riders on the Thameslink and Southern Rail services.

The data will then be used to determine changes in schedules, and additional incentive marketing to encourage travel at off-peak hours, a common goal of transit rewards marketing.
News wallet
SatoshiPay and publishing house Axel Springer will use a blockchain to support direct payments between consumers and the SatoshiPay wallet.

The payment system won't require an intermediary to process transactions, which the publisher hopes will reduce processing and content delivery costs, reports Medium.

Based in Berlin, Axel Springer is one of Europe's largest publishing houses, offering mostly magazines, newspapers, online wires and affiliate marketing.

Cookie monster
A new form of malware attaches to Apple computers and uses browser cookies and other data to steal cryptocurrencies and credit card information.

Called CookieMiner, it seeks browser information that can lead to exchanges and crypto wallets, reports Coindesk.

It targets Binance, Coinbase, Bitstamp and other exchanges, as well as consumer account information for Visa, Mastercard, American Express and Discover cards.

Change in U.K. pay regulator
Hannah Nixon will leave her post as managing director of the Payment Systems Regulator in April after five years.

The Payment Systems Regulator, which was formed in 2014 to address the increase of technology in the payment system, is part of a group of agencies in the U.K. that oversee digital payments, processing and clearing.

Chris Hemsley, the current head of policy; and Louise Buckley, the current chief operating officer, will run the PSR until a permanent successor is named.

From the Web

Alibaba quarterly revenue soars 41% to $17.5b
China Daily | Fri February 1, 2019 - Alibaba Group Holding Ltd reported record quarterly revenue on Wednesday with a diverse range of income sources from cloud computing to New Retail shoring up earnings that beat expectations. The Hangzhou-based company logged 117.28 billion yuan ($17.5 billion) in revenue for the quarter ending in December, up 41 percent year-on-year.

SWIFT says helping Bangladesh Bank rebuild network after cyber heist
Reuters | Sat February 2, 2019 - International payments network SWIFT said on Saturday it had signed an agreement with Bangladesh’s central bank to help it rebuild its infrastructure after hackers used it to steal $81 million in 2016 in the world’s biggest cyber heist.

Cambodian, Thai central banks sign deal on cooperation in QR code-based payment scheme, financial innovation
Xinhua | Sun February 3, 2019 - Cambodian and Thai central banks on Sunday signed a Memorandum of Understanding (MoU) on cooperation in QR-code based payment scheme and financial innovation, said a National Bank of Cambodia (NBC)'s statement.

More from PaymentsSource

How politics are carving up the global payments market
Global politics are carving up the world of e-commerce, forcing companies to make tough decisions about their strategies for the U.S., India and other regions.

6 ways Super Bowl LIII is changing the payments game
Game day is a big day not just for athletes — anyone who sells pizza, chicken wings and beer will also win big if they have the capacity to handle all of the orders that come in. Many are turning to mobile and online technology to increase sales and remove friction from the payment process.

Crypto's best bet for retail payments: Gun shops
Cryptocurrency has struggled to be accepted for everyday payments, but it is finding opportunities in certain niches — such as gun sales.

Legacy authentication won’t cut it against ATM jackpotters
Fraudsters are attacking ATMs to hit a big pay day. Through an increasingly popular method known as jackpotting, malicious software and/or hardware is installed onto ATMs to force the machines to spit out cash.

For reprint and licensing requests for this article, click here.
MORE FROM PAYMENT SOURCE