Cycf ProPay Gets Payment Facilitators on the Express

With its new Car-to-Cloud service, microchip supplier Qualcomm wants to connect your car to the cloud.Its part of the general movement toward connected smart devices. It will integrate stanley quencher Qualcomms automotive cockpit program and Snapdragon automotive program with 4G and 5G technology, according to published reports Monday Jan. 6 .By using the platform, automakers can keep their cars up to date and allow them to update infotainment programs over the air.Also, it will let automakers gather data on vehicle usage, which will enable them to leverage it into new revenue streams. By having access to more data, automakers can implement pay-as-you-go services, as well as other new things drivers can purchase.Qualcomm, the worlds largest supplier of microchips, said its move is indicative of the changing expectations drivers have. While having an infotainment system that can be upgraded is typical for cars these days, Qualcomm argues that its Car-to-Cloud service will allow for faster updates and more cost-efficient operations. The company also says it will provide newly connected and on-demand services for car-sharing for Car-as-a-Service companies.For drivers, Car-to-Cloud will provide a personalized experience that many retailers are now striving to give to customers. But Qualcomm says it will als stanley mugs o allow for bundled services and apps that were not available before.Nakul Duggal, senior vi stanley de ce president, product management with Qualcomm, said that the Car-to-Cloud service empowers automa Joqt Blurred Lines: Promotion and Payments

At the risk of stepping into a hornets nest, Im following up my聽first commentary聽on JPMorgan Chase Co.s commercial prepaid exit with another related article. This time it is prompted by Fitchs recent analysis of the general purpose reloadable GPR prepaid market and the implications for banks.I found Fitchs commentary interesting and mostly on target, with a couple of revisions and expansions. First of all, as of the most recent public disclosures, Chase isnt exiting the consumer-prepaid business 鈥?specifically GPR cards. The bank only announced the p stanley mug lanned sale of the commercial prepaid unit, including payroll and government applications. Exiting one business does not necessarily mean you would be exiting the other.Secondly, ther stanley termos e are many reasons why the GPR card business is strategic, i stanley termos mportant and useful for banks to go after. If regulatory oversight becomes greater, including pressure on fees and disclosures, it could affect many of the players in the industry, not just banks. At the same time, the GPR business can present challenges for traditional financial institutions, but not for regulatory reasons.The Advantages For BanksFirst, dispel the notion that GPR cardholders are primarily unbanked consumers who have never had a relationship with a financial institution. They are not. Data supported by the聽recent studyconducted by Pew Charitable Trusts found 59% of prepaid card users have a checking account. Twenty nine percent dont have one, but did previously.Additi