Friday November 30, 2018 –
Here are the new and noteworthy stories we have been following this week.
Venmo Caught Off Guard by Fraudsters
Venmo recorded an operating loss of $40 million earlier this year due to higher than projected fraud.
https://www.wsj.com/articles/venmo-caught-off-guard-by-fraudsters-1543068120
Pay Taxes With Bitcoin? Ohio Says Sure
Ohio is set to become the first state to accept bitcoin for tax bills.
https://www.wsj.com/articles/pay-taxes-with-bitcoin-ohio-says-sure-1543161720
Tencent partners with Line on mobile payments in Japan
Tencent is teaming up with Line to offer mobile payment services for small Japanese retailers looking to capitalize on inbound Chinese tourists.
Australian challenger bank Judo gets $350m funding boost
Judo Capital receives a $350 million debt facility from Credit Suisse as it moves to get a banking license.
https://www.bankingtech.com/2018/11/australian-challenger-bank-judo-gets-350m-funding-boost/
Alliance Data Weighs Sale of Epsilon Marketing Business
As part of a strategic review, Alliance Data is exploring the sale of its Epsilon marketing services business.
https://www.wsj.com/articles/alliance-data-weighs-sale-of-epsilon-marketing-business-1543328650
New ABA Endorsement to Help Banks Offer Credit Cards
ServisFirst Bank’s credit card agent bank program gets an endorsement from the ABA.
https://bankingjournal.aba.com/2018/11/new-aba-endorsement-to-help-banks-offer-credit-cards/
Revolut is ready to launch in Singapore and Japan
Revolut has secured licences in Singapore and Japan and expects to launch in Q1 2019.
https://techcrunch.com/2018/11/28/revolut-is-ready-to-launch-in-singapore-and-japan/
T-Mobile launches mobile banking solution T-Mobile Money
According to 9to5 Google, T-Mobile is reportedly launching a mobile banking service.
https://9to5google.com/2018/11/28/t-mobile-money-android/
Cash-Strapped Millennials Are Turning to Installment Plans to Pay for T-Shirts and Jeans
Installment credit at the POS continues to grow with a number of firms offering app based solutions.
ECB launches real-time payments system
The European Central Bank is launching Target Instant Payments Settlement (TIPS), a pan-eurozone instant payments system.
https://www.finextra.com/newsarticle/33043/ecb-launches-real-time-payments-system
