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The information you need to start the day, from PaymentsSource and across the web:
Call for casting
JPMorgan Chase is hiring a blockchain delivery manager, reporting an acceleration in the work of the bank with distributed ledger technology.
According to the JPMorgan Chase LinkedIn publication, the bank is looking for someone with experience in payments, commercial finance, fund services, loans and securities, and the person will guide the development of use cases for distributed registries.
The new executive will work outside the blockchain development unit of the bank in Brooklyn, which built Quorum, the private blockchain used by JPMorgan Chase to support transactions within a dedicated group of parties.
Bloomberg News
Bigger and faster
Elavon is directly connected to the Faster Payments service of the UK, joining a group of about two dozen fintechs, banks and mortgage lenders that have passed the meeting with the security and regulatory standards of the Kingdom service Kingdom.
Elavon, which is a subsidiary of the US bank, will allow traders to receive funds in their current accounts in real time, as opposed to the traditional three-day processing period.
The company will be able to support transactions of around $ 300,000, a move that could further improve cash flow.
Another year, another …
Abine, which manages the Blur password manager and the DeleteMe online privacy service, reports a data breach that impacted about 2.4 million Blur users.
ZDNet reports that the violation was discovered when a researcher found a file that contained sensitive information about Blur users.
Abine told ZDNet that the violation did not reveal automatic credit card filling information and passwords for archived accounts.
Door to door
As Uber tries to add merchant support by drawing on the growing demand for food delivery, an emerging rival is adding auto-guided cars to the mix.
Cruise, the self-driving subsidiary of GM, is working with DoorDash to deliver deliveries to San Francisco via driverless cars. Companies can also add food delivery, reports TechCrunch.
The food delivery program arrives while Cruise plans to debut an app for the ride of car without driver in 2019.
From the Web
The Challenger bank Monzo has quietly started working on a launch in the United States
TechCrunch | Fri 4 January 2018 – Monzo, the British insurance company with more than one million customers and a unicorn rating, has quietly started working for a launch in the United States. According to several sources, the startup fintech has created a small team to begin laying the groundwork for bringing a version of Monzo in North America, which will initially be powered by a US banking partner while Monzo works on licenses necessarily regulatory to go only
Paying fees in Bitcoin: The Overstock retailer says he will pay Ohio using digital money
Fortune | Thu January 3, 2018 – On Thursday, the online retailer Overstock announced that he would pay a portion of his state's tax status of Ohio using the famous digital currency. The move comes after the state last fall inaugurated a payment portal with a unique name, called OhioCrypto, which allows companies to make the payment of taxes through cryptocurrency.
The waiting times for payments to companies are lengthening
The Irish Times | Thu 3 January 2018 – Ulster companies are the slowest to receive payments in all of Ireland, according to a new survey that shows that it can take up to 70 days for companies that receive payment. The ISME study shows that payment times for Irish companies have generally increased on average from 55 to 59 days since last August, with companies working in the manufacturing and construction sectors awaiting the longest payment.
More from PaymentsSource
Data: B2B payments become digital
By taking quicker payments, companies have more flexibility in getting last-minute payments and emergency payroll, or get a larger window for advance payment discounts.
How the banks of the UK challengers are trying to cash in on the economy's gig payments
While the gig economy has become more widespread in recent years, the traditional banking market has provided few innovations to address the various payment challenges faced by businesses using these workers.
The party is over? The new Citi rewards card focuses on essential spending
Citi wants to attract credit card customers who use their basic food paper such as groceries and gas – a pivot from its marketing past to social butterflies that would use its papers for catering and entertainment.
Because cash and cards give way to mobile devices, banks still need consumer confidence
Taking advantage of the trust relationship that the bank already enjoys with its customers, based on solid security, commitments can go beyond run-of-the-mill transactions, writes Sherif Samy, senior vice president of North America at Entersekt.
John Adams
John Adams is Executive Editor of PaymentsSource.
