3.28.19 Your morning briefing
The information you need to start your day, from PaymentsSource and around the Web:
When FIS agreed to acquire Worldpay, it knew it was getting a company that had oars in the water. The deal's press conference mentioned Worldpay still hadn't finished conversion work on its earlier Vantiv deal.
And Worldpay is still expanding as it awaits its new acquisition, plotting a deeper move into Australia and surrounding regions. Worldpay will open two sales offices in Australia and will move into New Zealand, where it has just received a license.
The Australian offices will support payment technology development and consulting to complement Worldpay's existing merchant acquiring business in Australia, which debuted in 2016. Merchant acquiring in New Zealand will start during the second quarter 2019.
Fresh off launching Apple Card and a suite of streaming content services, Apple is adding several nations in Europe to its Apple Pay network.
Austria, Estonia, Greece, Portugal, Romania, Slovakia and Slovenia will soon launch the app, reports CultofMac. Timing for most of the markets is unclear, though it's expected to happen by the end of the year and bring Apple Pay's global coverage close to three dozen countries.
Apple Pay's expansion has played a major role in Apple's broader push into streaming content and the Apple Card by providing an enrolled consumer base to pay for entertainment and other services.
Infinity will launch in the fall with features such as discounts, rollover movie credits and redemption on the Infinity app or site, reports Engadget.
There are also chain-branded subscription apps such as AMC Stubs A-List and Cinemark Movie Club, giving Infinity plenty of competition.
They don't know
Only three in 10 cryptocurrency exchanges have adequate anti-money laundering protections, a blow to an industry that at times has suffered from a reputation for fraud risk.
69 percent of exchanges do not have complete and transparent know-your-customer procedures, reports Coindesk, which cited research by regtech company Coinfirm.
The research also found 26 percent of exchanges have a "high" level of AML procedures, which are defined as an in-house AML experience and ongoing transaction monitoring.
From the Web
T-Mobile and TSYS are partnering on a mobile point-of-sale device
Business Insider | Wed March 27, 2019 - T-Mobile is partnering with US-based processor TSYS to move into the mobile point-of-sale (mPOS) space with GoPoint, a mPOS device for small businesses that offers free same-day funding, no software licensing fees, and 24/7 customer service powered by TSYS.
Malaysia's mobile payments continue to gain momentum
Xinhua | Wed March 27, 2019 - Malaysia's mobile payments saw its total purchase transactions surged 20 times to 23.7 million, underpinned by non-bank players, its central bank said on Wednesday.
Global fintech TransferWise now allows remittances via PayNow
The Business Times | Thurs March 28, 2019 - London-based fintech firm TransferWise has formally added PayNow to its other payment options like credit card, debit card and bank transfer, following an initial test of the mobile payments service, it said in a Thursday announcement.
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