10.12.18 Your morning briefing

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The information you need to start your day, from PaymentsSource and around the Web:

Chinese payment companies blame Apple for breach
Alipay and Tencent say crooks used Apple IDs to access accounts and steal money, the Wall Street Journal reports.

Both companies have recommended consumers change passwords, and said they have reached out to Apple as part of the breach investigation.

Bloomberg reports many Chinese iPhone users have linked their digital wallet IDs to Apple. Bloomberg also translated an Alipay statement saying any payment method linked to an Apple ID may be at risk. aTimes reports Alipay is instructing consumers to contact Apple directly.

The mascot of Ant Financial, which operates Alipay. Bloomberg News

Transit transfer
Mumbai’s Metro One is supporting


Read full article » http://www.paymentssource.com/news/alipay-tencent-tie-theft-to-apple-devices

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