6.10.19 Your morning briefing
The information you need to start your day, from PaymentsSource and around the Web:
Walmart plans in-home delivery to rival Amazon's Key smart doorbell powered service that allows couriers to place deliveries inside the customer's home.
Walmart will use cameras that its staff will use to broadcast the delivery to consumers and locking technology the retailer has not disclosed yet, reports TechCrunch. Consumers will be able to buy the high-tech locks at Walmart, and would be able to order and pay for goods from a mobile app.
Amazon relies partly on doorbell technology from its acquisition of security firm Ring to support entry. Walmart's delivery service debuted in 2018.
MoneyGram and Canada Post are partnering to allow consumers to start a transfer online and complete it at certain post locations.
Consumers create a profile at MoneyGram's Canadian site and select "cash at location," then visit a post office to complete the transfer. There's also a bar code to access transaction details.
Canada's post office has also partnered with Mastercard to support a multi-currency prepaid service for travel.
A dash of transit
Singapore's bus, taxi and train networks will support Singtel's Dash Mobile wallet for contactless payments, part of a slew of contactless payment deployments at transit systems globally.
Commuters can use the local government's SimplyGo initiative, which aims to allow payments for transportation via a variety of mobile wallets, reports The Fast Mode.
The Dash deployment in Singapore follows similar open loop contactless transit deployments in several U.S. cities such as New York, Denver and Portland, Ore.
Bitcoin ATMs on the block
Vancouver may ban bitcoin ATMs, which the local police consider to be a money laundering threat.
Canada's third-largest city was an early adopter of bitcoin ATMs, with machines dating to 2013. It now has 76, reports Coindesk.
The city's police department also bemoaned the lack of a central authority to monitor and regulate the transfer of funds through bitcoin ATMs, and said he anonymity of transactions invites crime.
From the Web
Consumers’ pick ‘n’ mix payments approach is great news for crypto, temtum
Coin Rivet | Sat June 8, 2019 - UK consumers are increasingly taking advantage of the wide range of payment choices available to them. And that’s incredibly exciting for the future of networks such as cryptocurrencies, according to temtum Founder and CEO, Richard Dennis.
Firm fined $4k for leak of personal data of over 400 servicemen
The Straits Times | Mon June 10, 2019 - A firm has been fined $4,000 by Singapore's privacy watchdog for the leak of the personal data of more than 400 national servicemen on June 12 last year due to a technical error. The data comprised the login identifications, e-mail addresses, delivery addresses and mobile phone numbers of 427 men from the Singapore Armed Forces and Home Team.
Use of mobile payment services skyrockets as consumers opt for convenience
China Daily | Mon June 10, 2019 - The use of mobile payment services in China has skyrocketed in the past five years, with the total number of transactions reaching 277.39 trillion yuan last year, a rise of more than 27-fold from five years ago, according to a report issued by the People's Bank of China.
More from PaymentsSource
Brazil fast-tracks real-time payment in appeal to the underbanked
Brazil is the latest Latin American country to establish plans for a low-cost instant payments network with the aim of increasing financial inclusion and eliminating cash from the economy.
Mastercard to debut universal buy button with small-merchant security in mind
Developers of new payment methods often court big retailers to show off their brand, but the card networks' universal buy button is launching with security features designed for smaller shops.
How Dunkin' and Starbucks apps set the stage for retail's future
Coffee and doughnut shops such as Starbucks, Dunkin’ Donuts and Krispy Kreme have been at the forefront of mobile payments, and this technology could soon develop into a completely cashierless experience.
Fintechs, regulators need more common ground
Fintech companies have proven adept at exploiting niches that banks have not served adequately — offering the promise of expanded access to financial services on fairer, more transparent terms. As a result, consumers and small businesses are finding attractive alternatives to traditional banking services, and a number of banks have taken notice, stepping up their game through partnerships with fintechs or developing their own innovative approaches.