Page 11 - GS250502

IndustryUpdate

lets as both a payment method and financial tool. One praised, but high licensing costs and ambiguity hinder
in four UK residents now use in-app wallets up to three confidence and readiness.
times a week, making them the second most popular
payment option after cards. Benefits include earning PARTNERSHIPS
rewards, receiving faster refunds and accessing budget-
ing tools. Usage is highest among 16- to 24-year-olds
but limited among older adults due to trust and data Bluefin, Verifone team up on PCI-validated P2PE
security concerns. With loyalty rewards and cashback Bluefin and Verifone said they partnered to integrate
driving engagement, platforms that integrate secure, Bluefin's Decryptx PCI-validated point-to-point encryp-
feature-rich wallets stand to boost customer retention tion (P2PE) solution into Verifone's Commander plat-
and thrive in a competitive market, Mangopay found.
form, which serves over 50,000 convenience and fuel
QR sign-ins surgeon BofA's CashPro platform retailers globally. This integration secures payments
across forecourt, indoor, and unattended terminals,
Bank of America's CashPro platform now sees daily helping merchants reduce PCI compliance scope by up
QR code sign-ins by thousands of CFOs and treasurers, to 90 percent while maintaining robust data protection.
with usage recently surpassing two million and grow- Verifone Commander, known for managing payments,
ing 60% in the past year. Introduced in 2022, QR Sign-In fuel and operations efficiently, will now offer enhanced
simplifies access by replacing passwords and physical security through Bluefin's proven encryption technol-
tokens with biometric authentication via mobile devices. ogy. The partnership is tailored for complex C-store
Especially popular in Europe, the feature enhances secu- and petroleum environments and was showcased at
rity and convenience. Glencore's Karen Davis praises Verifone's VCF customer conference on May 19.
the technology for its speed and ease of use. CashPro
continues to gain recognition with recent awards for MC, MoonPay aim to mainstream
innovation and customer experience, reinforcing BofA's stablecoin payments
commitment to digital transformation and client-focused
financial technology. Mastercard and MoonPay partnered to enable global
payments using stablecoins. This will allow consum-
U.S. drivers desire food ordering ers and businesses to spend stablecoin balances via
via in-car voice assistant Mastercard-branded cards, which convert funds to fiat
at over 150 million locations. Powered by Iron's API
SoundHound AI's latest study revealed strong consumer infrastructure, acquired by MoonPay, the initiative will
demand for in-vehicle voice ordering, signaling a major support seamless payouts, cross-border transfers, and
shift toward voice commerce. Of U.S. drivers surveyed, stablecoin-based disbursements for gig workers and
77 percent prefer ordering food via a car's voice assis- creators. The partnership combines Mastercard's global
tant over waiting in drive-thru lines, and 73 percent payments network with MoonPay's reach across 500+
would likely use in-car voice commerce if available. The crypto platforms and 100 million users, the partners
technology offers a seamless, hands-free experience by noted. With stablecoin usage rapidly growing, MoonPay
integrating ordering, payments, loyalty and navigation, noted, the collaboration helps integrate crypto with
SoundHound stated. The company estimates this shift
could unlock up to $63 billion in revenue for restaurants.
Demand is especially high among Gen Z, millennials A Also find us on Facebook,
F
o
ls
k,
n
o
e
o find us o
ac
b
and families desiring safety, speed and convenience
T
dI
t
w
t
o
r f
r the
e
n &
i
ke
in
while on the go. L LinkedIn & Twitter for the
o
ri
t
es,
mos
t
t u
p-t
e s
a
o-d
UK crypto regulation shows most up-to-date stories,
’
n
a
nd ne
t miss e
c
n
e
t
ts a
es
w
v
promise amid uncertainty can’t miss events and newest
industry announcements.
A Clear Junction poll of 150 crypto and financial experts, ind us t r y a nno unc e me n ts.
conducted hours after the UK released draft crypto asset
legislation, revealed cautious optimism and pressing
concerns. Half of respondents indicated they believe
the UK could become a global crypto hub—depending
on regulatory implementation—while only 15 percent
said the UK is already on the right path. Just 9 percent
of firms indicated they feel fully prepared for the new
ee
tI
nS
h
n
eG
ee
r
e
w
s://w
boo
a
.f
c
w
ttp
h
m/Th
o
k.c
rules, with most still assessing or uncertain. https://www.facebook.com/TheGreenSheetInc c
n-s
ee
w
https://www.linkedin.com/company/the-green-sheet t
h
ttp
h
w
ee
s://w
n.c
o
i
n
m
o
pa
m/c
ed
i
n
.l
r
k
y/t
e-g
h
Experts called for clearer guidance, noting global frame- h https://twitter.com/The_Green_Sheet t
e
tt
.c
r
s://t
ttp
i
w
n_S
ee
ee
h
m/Th
o
r
e_G
works like MiCA and the upcoming FCA licensing
regime as critical. The UK's regulatory progress was
11