8.14.19 Your morning briefing
The information you need to start your day, from PaymentsSource and around the Web:
Apple has added a new group of universities to its network of schools that allow students to use Apple Wallet for ID and payments.
The universities include Georgetown, Clemson, the University of San Francisco, and about ten others, reports MacRumors, adding Duke University, Temple, Johns Hopkins and Mercer are among the combo's earlier adopters.
The college deployments come as Apple Card gradually rolls out this month, giving the technology giant an additional way to market and link its ID, payments and services technology.
LinkedIn co-founder Eric Ly and early bitcoin investor Roger Ver have launched a subscription payments system that supports crypto payments through a permission-based smart contract.
Called Monarch, the service lets merchants create recurring payments for subscriptions. There are also features that support one-off or installment payments for larger ticket items.
Monarch's model is different than most other cryptocurrency-based subscription services in that it's decentralized, so merchants to not have to formally partner with Monarch. Monarch is supporting Ethereum, ERC stable tokens with plans to support any ERC token, according to a release.
It pays to be Alipay and WePay's partner
Sequoia Capital China and Matrix Partners have invested $20 million in QFPay, a digital payments startup that allows Alipay and WeChat Pay to process payments internationally.
This raises QFPay's total to $36.5 million, which the company will use to build new payments technology, reports TechCrunch.
Alipay and WeChat Pay have built a considerable payments business outside China by providing a way for Chinese travelers to use their own currency when shopping abroad.
Isle of Man crypto exchange and wallet firm Coincorner has convinced all of its staff to receive its salary in cryptocurrency.
The staff at the company, which has more than 15 employees, was given a choice to receive pay in the pound equivalent of crypto, reports Finextra.
It's a relatively small company in a friendly niche, though it does reveal some demand for crypto payroll, and the company's news comes shortly after New Zealand legalized crypto salaries.
Domino's tries to cover as many bases as possible when it comes to ordering and delivery. The chain has supported mobile payments for most of the decade, and more recently embraced connected car ordering and cashless stores.
This week Domino's is taking a e-bike delivery program out of pilot, expanding it nationwide, reports Engadget.
It's a very narrow last-mile niche, since e-bikes are designed to have a slightly longer range than regular bicycles and can handle hills, but have a much shorter range than cars.
From the Web
Why Digital Wallets Aid Luxury Sales
Jing Daily | Tue August 13, 2019 - Mainland consumers are used to their preferred forms of payment (Alipay, UnionPay, and Tenpay) and are gravitating toward a cashless society with more transparent and inclusive payment systems. Because of this, luxury retailers who accept and validate mobile payment methods have an edge over their competitors.
Western Union Now at BDO Unibank Across the Philippines
Yahoo Finance | Tue August 13, 2019 - Western Union and BDO Unibank have extended their relationship to expand reach in the Philippines with more than 1,100 BDO Unibank branches now ready to pay-out Western Union international money transfers from across the world.
60 Latin American Banks Can Now Use Bitcoin for Cross-Border Payments
CoinDesk | Tue August 13, 2019 - A leading bank technology provider in Latin America is partnering with cryptocurrency exchange Bitex to facilitate cross-border payments over the bitcoin blockchain. Bantotal is a core banking service provider based in Uruguay that services over 60 different financial institutions across 14 different countries.
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