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Money20/20, to be held Oct. 22 to 25, 2017, at the Venetian Las Vegas, is expected to draw more than 11,000 attendees from 85 countries and 4,500 organizations. Activities will include a developer hack-a-thon, networking opportunities, hands-on workshops and 450 speakers.
Burger King Russia issued a billion Whoppercoins on Aug. 25, 2017, the first quick service restaurant (QSR) to cash in on the global initial coin offering craze. The fast food giant, in partnership with Moscow-based Waves Platform, will use blockchain technology to drive store traffic and customer loyalty, the company stated .
Blackhawk Network Holdings Inc. disclosed Aug. 30, 2017, that it paid approximately $175 million to acquire CashStar Inc., a digital gift card provider. The companies are positioning the merger as a positive event for consumers, merchants and the gift card industry. Blackhawk Chief Financial Officer Jerry Ulrich said the newly acquired assets will improve margins and top-line growth.
The launch of KPRO by KFC as a new restaurant concept from Yum China Holdings Inc. represents a landmark moment for the QSR category. The Hangzhou, China-based restaurant plans to cater to China's burgeoning population of urban professionals by offering seasonal, made-to-order dishes and delivering integrative technologies such as Alipay's Smile to Pay facial recognition payment solution.
Credit-reporting company Equifax Inc. revealed Sept. 7, 2017, that a breach of its systems compromised the personal information of up to 143 million U.S. consumers, potentially exposing them to identity theft and other forms of fraud. A number of Canadian and U.K. residents were also affected.
EMV Payment Tokenization Specification – Technical Framework v.2.0, a new document released by EMVCo, addresses payment token use cases in ecommerce that go beyond existing card-on-file and offers enhancements. The specifications relate to how payment tokens can be controlled within a single payment channel.
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