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April 25, 2017

Headline News from PaymentsNews.com - April 25, 2017

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

ON THE WEB

  • The UN Wants to Adopt Bitcoin And Ethereum – And Soon - Coindesk - "The United Nations (UN) is in the final stages of what could be one of the most epic blockchain projects of all time. After successfully using the ethereum blockchain to transmit Pakistani rupees to 100 people earlier this year, the UN's World Food Program (WFP) is arranging extra security to ensure it safely executes the next stage of its work."
  • Social network payments now reach nearly $3 trillion in China - Payments Cards & Mobile - "A new UN study reveals that social network payments through Alipay and WeChat Pay enabled $2.9 trillion in Chinese digital payments in 2016, representing a 20-fold increase in the past four years."
  • Retailers’ Call Centers Bring Life to Dead Mall Space - Wall Street Journal - "While retailers look to pare back traditional bricks and mortar retail space, some landlords are looking to repurpose struggling centers by offering portions of them for back-office facilities to support orders placed online."
  • UNIONPAY PARTNERS WITH WESTPAC TO EXPAND CARD ACCEPTANCE IN NEW ZEALAND - Cards International - "UnionPay International and Westpac have signed an agreement under which Westpac will accept UnionPay cards at all its ATMs and nearly 1,300 online merchants in New Zealand. The collaboration will further expand UnionPay’s card acceptance in New Zealand. Until now, nearly 80% of the local ATMs accept UnionPay cards in the country."
  • Swift Selects Hyperledger Tech For Cross-Border Blockchain Test - Coindesk - "Swift has officially selected Hyperledger's Fabric codebase for use in its most prominent blockchain project. Designed to simplify the nostro-vostro accounts banks held to facilitate international transactions, the trial includes participation from BNP Paribas, BNY Mellon and Wells Fargo, as well as three other global financial institutions."

ON THE WIRES

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next public Boot Camp and Insight Workshop series will be in Atlanta, May 16-18. Come for the two day boot camp or attend all three days. Check out our spring schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

UPDATES FROM GLENBROOK

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

April 24, 2017

Headline News from PaymentsNews.com - April 24, 2017

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

ON THE WEB

  • How Peer-To-Peer Payment Pioneer Venmo Grew Up And Got Serious - Fast Company - "Today, Venmo is the service to beat in the growing peer-to-peer payments space. It shuttled nearly $18 billion between people last year—$5.6 billion in the final quarter alone, up 126% from the previous year. (Though Venmo doesn’t release user figures, Verto Analytics estimates it has more than 7 million active monthly users, which still pales next to PayPal’s 197 million accounts.) The app’s growth is all the more remarkable for the fact that the product itself has remained relatively unchanged since joining the PayPal fold in 2013. "
  • MASTERCARD TO OFFER CASHLESS PAYMENT OPTIONS TO MCDONALD'S CUSTOMERS IN EGYPT - Cards International - "Now, McDonald’s customers can pay for their purchases by using their cards at any of the 96 branches across Egypt. Additionally, the cardholders can make online payments through the MasterCard Payment Gateway System (MPGS), where they can order their meal online and pay with their card on check out."
  • The man in charge of Aadhaar vouches for its safety but there’s no stopping the leaks - Quartz - "Leaks keep springing up in the Aadhaar ecosystem. On April 22, activists unearthed that the Aadhaar-linked identity data of over a million pensioners in Jharkhand was available online. The Aadhaar-linked identity details of pensioners in Kerala, too, are available on the internet, though it is illegal to display such data."
  • Visa Gets One Step Closer to a Cash-Less Society - Barron’s Next - "Visa and Mastercard executives dream of a cash-less society, where consumers buy everything on cards and their companies get a small percentage of every transaction. That dream got a little closer to reality last year when India suddenly phased out 86% of its cash, demanding that residents deposit their money in banks."
  • Amazon Strategy Teardown: Building New Business Pillars In AI, Next-Gen Logistics, And Enterprise Cloud Apps - CB Insights - "Understanding the many-headed beast that is Amazon is no easy feat, especially because Amazon is far less transparent than its peers. As the Times has written, “It isn’t just secretive, the way Apple is, but in a deeper sense, Jeff Bezos’ e-commerce and cloud-storage giant is opaque. Amazon rarely explains either its near-term tactical aims or its long-term strategic vision. It values surprise.”"
  • How Cybercrooks Put the Beatdown on My Beats - Krebs on Security - "Last month Yours Truly got snookered by a too-good-to-be-true online scam in which some dirtball hijacked an Amazon merchant’s account and used it to pimp steeply discounted electronics that he never intended to sell. Amazon refunded my money, and the legitimate seller never did figure out how his account was hacked. But such attacks are becoming more prevalent of late as crooks increasingly turn to online crimeware services that make it a cakewalk to cash out stolen passwords."

ON THE WIRES

  • Amazon Launches Self-Service Marketplace for Subscription Providers - "Amazon.com today announced a self-service subscriptions marketplace that allows digital subscription providers to reach millions of Amazon customers. Subscribe with Amazon is a new way for subscription businesses to sell on Amazon, offering them targeted customer exposure through popular discovery features such as search and recommendations while also providing customers with a simple way to purchase and manage their subscriptions. "
  • Idaho Child Support Payment Service Becomes Mobile Friendly - "Since about 58 percent of Idaho citizens use mobile devices as their primary or only access to the Internet, the child support payment service incorporates the latest in responsive design to maintain mobile compatibility. Additionally, the revamped app meets international online accessibility requirements and is screen-reader compatible."
  • Data Dimensions and Availity Offer Comprehensive Bill Processing Solution - "DD eBill offers the most efficient path for inbound bills in the property & casualty and workers’ compensation fields. Whether a bill is paper-based or electronic, DD eBill can process it utilizing the combined resources of both companies. Data Dimensions’ Medical Bills Processing solution focuses on the conversion of paper forms to electronic format for EDI delivery, while Availity’s eBill handles the intake and processing of electronic bills. Combined with the efficiency and convenience of DD BillPay, Data Dimensions electronic bill payment service, payers and providers are able to benefit from a complete, end-to-end Medical Bills Processing solution that improves the consumer’s experience, increases timely and accurate payments, and reduces administrative costs."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next public Boot Camp and Insight Workshop series will be in Atlanta, May 16-18. Come for the two day boot camp or attend all three days. Check out our spring schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

UPDATES FROM GLENBROOK

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

April 21, 2017

Headline News from PaymentsNews.com - April 21, 2017

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

ON THE WEB

  • BBVA Taps Blockchain to Make International Payments in Seconds - Bloomberg - "Banco Bilbao Vizcaya Argentaria SA, Spain’s No. 2 lender, has executed its first cross-border payments through a system based on the software that supports bitcoin, the company announced Friday. Using a program built by Ripple, a San Francisco firm, BBVA has transferred about 50 euro-denominated payments to Mexico from Spain in seconds. Such transactions normally take up to four days to clear, the bank said."
  • Orange to launch mobile-only bank with NFC payments and AI - NFC World - "Mobile network operator Orange is to launch a mobile-only bank in France in July this year that will offer customers NFC mobile payments, P2P mobile transfers using SMS and an artificial intelligence-based virtual assistant that will eventually be able to complete tasks including making transfers and putting funds in savings."
  • A Canadian Car-Services Operator Chooses Contactless-Only Payments - Digital Transactions News - "Unattended tire-inflation and vacuum services for cars long have accepted credit and debit cards as well as cash. Now, one provider, Irving, Texas-based AIR-serv, is taking that a step further by making contactless payments the sole option at more than 6,500 locations throughout Canada."
  • BILLTRUST TEAMS UP WITH CARDCONNECT TO OFFER INVOICE PAYMENTS THROUGH CARD - Cards International - "Billtrust, a US-based B2B payments company, has teamed up with payment processing firm CardConnect to provide invoice payments via card while improving efficiency and securing the invoice-to-cash process for its shared customers. As part of the collaboration, Billtrust has integrated its end-to-end payment cycle management solution Quantum with CardConnect’s comprehensive enterprise payment processing platform CardSecure."
  • U.S. Bank ties perks of high-end card to mobile payments - American Banker - "There are some key differences to the Minneapolis-based bank's approach that observers say make it distinct. The biggest turns on how customers earn the coveted triple points per dollar spent. Other cards in the space tie it mostly to restaurants and travel. The Altitude Reserve, which will be offered starting May 1, also pays triple points on travel purchases, but then offers triple points on mobile purchases on Apple Pay, Android Pay, Samsung Pay or Microsoft Wallet."
  • 'Supercard' Startup Plastc Goes Belly Up, Screwing Thousands of Backers - Gizmodo - "There are dozens of ways to pay for things, but apparently, the world was not ready for one more. Plastc, the company that promised to put all of your credit cards on one chunk of plastic, is officially dead."

ON THE WIRES

  • Anima Selects ModusLink to Manage E-Commerce and Fulfillment Services for its Kronaby Watch Brand - "ModusLink Corporation, a wholly owned subsidiary of ModusLink Global Solutions Inc., a global, omni-channel technology and fulfillment provider, announced today that Anima Connected, a Swedish technology company specializing in smart, purposefully designed, connected products, has chosen ModusLink to provide fulfillment and e-commerce related services for its Kronaby smartwatch brand."
  • Hey, It's Apple Pay: Santander Bank Customers Now Have More Ways To Make Secure, Convenient Purchases - "Santander Bank today announced that customers can now add their Santander MasterCard credit and debit cards to Apple Pay, giving them an easy, secure and private way to make payments at participating merchants in stores, apps and on the web using their Apple devices. Apple Pay is the newest of many customer-focused innovations the Bank has launched recently to advance its mobile strategy and ensure it's delivering a great digital experience to its customers."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next public Boot Camp and Insight Workshop series will be in Atlanta, May 16-18. Come for the two day boot camp or attend all three days. Check out our spring schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

UPDATES FROM GLENBROOK

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

April 20, 2017

Headline News from PaymentsNews.com - April 20, 2017

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

ON THE WEB

  • MasterCard adds fingerprint sensors to payment cards - engadget - "MasterCard is testing out new fingerprint sensor-enabled payment cards that, combined with the onboard chips, offer a new, convenient way to authorize your in-person transactions. Instead of signing a paper receipt or entering your PIN while struggling to cover up the number pad, you simply place your thumb on your card to prove your identity."
  • Nothing new in UK Govt cyber security survey - Enterprise Times - "The 2017 UK Govt produced Cyber Security Breaches Survey is out and it says nothing new. Across 66 pages it repeats what businesses and the industry already know. Businesses are under prepared, under skilled and prone to cyber security breaches. What is worrying is that this is a situation that is not getting better."
  • Orange is launching a bank because reasons - TechCrunch - "Just like N26, Revolut and others, you’ll be able to control your payment card directly from your phone. Transactions will show up instantly in the app and you’ll be able to block and unblock the card in a couple of taps in case you can’t find it. You’ll also be able to send money with a text message. So you can expect a peer-to-peer payment service like Lydia, Venmo, etc. Finally, Richard hinted at NFC payments with your phone. Orange already supports NFC payments on Android with Orange Cash, and using Apple Pay on iOS."
  • Six Dutch banks to take Belgium’s Payconiq to the Netherlands - NFC World - "“Payconiq makes payments easy — payees are selected from a contacts list, so there is no need to enter the IBAN account number. Stores are displayed on the basis of their location or selected by scanning a QR code. Online consumers can pay for their purchases via a QR code or a direct link to the Payconiq app. In Belgium, Payconiq has more than 25,000 connected merchants.” "
  • Wealthfront has launched a lending product - TechCrunch - "Automated financial investment and advisory service provider Wealthfront is now getting into the lending business."
  • How Online Shopping Makes Suckers of Us All - The Atlantic - "The right price—the one that will extract the most profit from consumers’ wallets—has become the fixation of a large and growing number of quantitative types, many of them economists who have left academia for Silicon Valley. "

ON THE WIRES

  • Shopify Announces New Free Card Reader for In-Person Selling - "Shopify Inc. (NYSE:SHOP)(TSX:SHOP), the leading cloud-based, multi-channel commerce platform designed for small and medium-sized businesses, today announced its new free Chip and Swipe card reader for in-person selling. With Europay, MasterCard and Visa (EMV) support, the new Chip and Swipe reader lets any Shopify merchant in the United States sell offline in a fast and secure way. "
  • North American Bancard Offers Semi-Integrated Solutions - "North American Bancard (NAB) is offering semi-integrated solutions (SIS) as part of its point-of-sale (POS) offerings available now to merchants. Along with chip card (EMV) usage, semi-Integrated solutions enhance and further protect credit card transactions. "
  • Billtrust announces availability of industry's first eInvoicing and ePayment Business Directory - "Billtrust, the leader in payment cycle management solutions, announced today the availability of the Billtrust Business Directory, the industry's first directory of small business eBilling preferences. Introduced at Billtrust CONNECT 2017, taking place in Orlando, Florida, this new offering has access to over 10,000,000 businesses in the US and their billing and payment preferences. Billtrust clients will be able to reach unprecedented levels of eInvoicing and ePayment adoption rates by leveraging this new solution."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next public Boot Camp and Insight Workshop series will be in Atlanta, May 16-18. Come for the two day boot camp or attend all three days. Check out our spring schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

UPDATES FROM GLENBROOK

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

April 19, 2017

Headline News from PaymentsNews.com - April 19, 2017

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

ON THE WEB

  • Mastercard rolls out Messenger payment bots with US retailers - NFC World - "Subway, FreshDirect and The Cheesecake Factory have begun rolling out payment bots for Facebook Messenger across the US, allowing their customers to secure and complete payments using Mastercard’s Masterpass digital payment platform without having to leave the instant messaging service."
  • Microsoft replaces the password with a phone-based log-in - endgadget - "Microsoft's Authenticator app can now save you a step when logging into anything that requires a Microsoft Account. According to a blog post from the company's identity division, Microsoft has just flipped the switch on a new phone sign-in feature that skips the password entry part entirely."
  • Alibaba's Ant Financial merges with helloPay Group - Finextra - "HelloPay Group, the online payments platform used on South East Asian e-commerce platform Lazada, is to merge with Alibaba's Ant Financial and be rebranded into AliPay."
  • Two members of ATM skimming ring plead guilty to bank fraud - Ars Technica - "Garcia admitted as part of the plea that "he installed 'skimming' devices on the ATMs" belonging to PNC and Bank of America at multiple locations in New Jersey, "including pinhole cameras that recorded password entries and card-reading devices capable of recording customer information encoded on magnetic strips," according to the statement."
  • InterContinental Hotel Chain Breach Expands - Krebs on Security - "IHG has released data showing that cash registers at more than 1,000 of its properties were compromised with malicious software designed to siphon customer debit and credit card data. Headquartered in Denham, U.K., IHG operates more than 5,000 hotels across nearly 100 countries. The company’s dozen brands include Holiday Inn, Holiday Inn Express, InterContinental, Kimpton Hotels, and Crowne Plaza."

ON THE WIRES

  • Ensenta Changes the Way Businesses Deposit Checks with Its New Multi-Check Mobile™ API - "Business users initiate the Multi-Check enabled app on their mobile devices, and flip the checks front-back, front-back, under the camera until all checks are captured - all without manually entering individual check amounts. Exceptions can be easily edited on the device and totals balanced."
  • Mastercard Helps Consumers Go Coin-and-Cash-Free at Vending Machines With Masterpass - "Mastercard today will make creased dollar bills and spare coins a thing of the past at vending machines. Through a partnership with PayRange, maker of the world’s simplest mobile payment solution for machines, consumers can buy beverages and snacks with Masterpass at vending machines across 300 cities in the United States and Canada."
  • Transactis Partners with Walletron for Mobile Wallet Billing & Payment - "Transactis is excited to announce a strategic relationship with Walletron, expanding its electronic billing and payment offering BillerIQ with the bill-to-wallet service moBills®, enabling businesses to present notifications, bill statements, and a streamlined payment experience through customers' smartphones – all without ever downloading an app. Walletron will serve Transactis' premier distribution client base, all leading players in the financial services, technology and digital communications industries."
  • Hyperwallet Tackles Enhanced Global Wire Transfers for Gig Economy Workers - "Bolstered by Western Union’s Mass Payments technology, this new payout method helps reduce the cost of international wire transfers for higher-value transactions and to countries where local ACH networks aren’t available, while simultaneously providing earners with improved visibility into transfer fees and foreign exchange."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next public Boot Camp and Insight Workshop series is April 18-20 in New York City followed by Atlanta, May 16-18. Come for the two day boot camp or attend all three days. Check out our spring schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

UPDATES FROM GLENBROOK

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

April 18, 2017

Headline News from PaymentsNews.com - April 18, 2017

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

ON THE WEB

  • PayPal teams up with Android Pay for mobile payments - TechCrunch - "The integration in Android Pay will begin by allowing Android users to select their PayPal balance as a method of payment, but will expand to include the cards users have added to their PayPal account in the months ahead. The deal follows other moves on PayPal’s part to form partnerships with the major card networks, which also had similar goals of expanding PayPal’s footprint by joining forces with the incumbents, instead of doing battle with them."
  • Consumers Skeptical About Value of Sharing Data with Retailers - eMarketer Retail - "In a recent survey by YouGov commissioned by customer acquisition and engagement platform [24]7, US consumers were asked about their experience with companies who had access to their personal data. The respondents were of roughly equal minds about retailers’ use of their personal data, with 42% saying that generally retailers had put it to good use, and 48% saying that they had not."
  • What in the World Is Causing the Retail Meltdown of 2017? - The Atlantic - "The reality is that overall retail spending continues to grow steadily, if a little meagerly. But several trends—including the rise of e-commerce, the over-supply of malls, and the surprising effects of a restaurant renaissance—have conspired to change the face of American shopping."
  • Malls Deploy Technology to Lure—and Keep—Shoppers - Wall Street Journal - "Mall landlords faced with declining sales and disappearing stores are deploying smartphones, social media and other technology to lure shoppers—and then keep them spending."
  • Amex, Challenged by Chase, Is Losing the Snob War - New York Times - "Amex’s hold on our affluent fantasies has started to wobble. Last year, for instance, the number of American Express cards in use declined by almost 18 percent, according to industry analysts. Amex’s 2016 revenue was down more than $2 billion from two years before. And the company’s relationships with Costco and JetBlue — long big sources of new cardholders — summarily ended when those firms found alternative credit card partners."
  • Grocery C&C Sees Robust Growth in Past Year - Progressive Grocer - "It’s no wonder that click-and-collect is so big. First, young families and affluent couples – grocers’ most important customers are “especially ready” to take advantage of online grocery shopping, according to a March 2016 report from the Grocery Manufacturers Association and The Boston Consulting Group. And when they do make purchases online, they’re likely to spend far more across all channels than they would have done shopping in the traditional manner, with uplift often ranging from 30 percent to 50 percent."
  • Lloyds to trial biometrics for online banking - NFC World - "Customers of Lloyds Banking Group across the UK will soon be able to log into their online banking accounts using fingerprint or facial recognition through Microsoft’s Windows Hello biometric authentication technology. The banking group is to trial the solution with Lloyds Bank, Halifax and Bank of Scotland customers with Windows 10 devices in the second half of this year."
  • Google Doodle honors Ghanaian entrepreneur and microlending pioneer Esther Afua Ocloo - Quartz - "Ocloo championed the role of women in economic development and advocated their access information on markets and product development. As the first chairwoman of the microlending nonprofit Women’s World Banking, she pushed for low-income women to get business loans and gain the skills needed to invest and run their businesses."

ON THE WIRES

  • ACH Volume Grows to More Than 25 Billion Payments and $43 Trillion in Value in 2016 - "Following four consecutive quarters of more than 5 billion electronic payments in each quarter – a first for the ACH Network – overall volume in 2016 amounted to 25.6 billion transactions, according to new statistics released today by NACHA — The Electronic Payments Association®. This represents an increase of 5.3 percent over 2015 volume, and is the third consecutive year in which volume grew by a billion transactions or more over the previous year. Additionally, $43.7 trillion was transferred over the ACH Network last year, an increase of 5.1 percent compared to 2015."
  • No cash? No problem! - A first in Canada: credit card payment tested onboard Laval buses - "The technology used is a contactless payment terminal similar to those found in most retailers across Canada. This Monetico payment solution, developed by Desjardins, allows for instant payment by simply tapping your card on the terminal. No swiping, inserting or personal identification numbers are required. This new credit card payment option is available for single fares, in addition to the traditional cash payment and the advance purchase of fares. This convenient solution will allow occasional riders of public transit to save time, not having to plan for exact change or to purchase fares in advance."
  • Wells Fargo Announces Support for PayPal Wallet for In-Store Transactions - "Wells Fargo & Company (NYSE:WFC) announced today that Wells Fargo customers will soon be able to use PayPal (NASDAQ:PYPL) to conveniently and securely make purchases with their mobile devices at participating merchants whose payment terminals are set up to accept near-field communication (NFC) payments."
  • B2B eCommerce Marketplace EC21 Launches Transactional Capabilities by Integrating Payoneer's Escrow Solution - "EC21, one of the world's largest B2B marketplaces connecting millions of suppliers and buyers worldwide, announced today new transactional capabilities powered by Payoneer's escrow service. By integrating with Payoneer's escrow API, EC21 is now able to expand beyond its traditional directory-style business model, which was limited to facilitating trade inquiry exchanges, to becoming a one-stop-shop for B2B eCommerce."
  • POS Portal and Vantiv Partner for Easy Delivery of Secure Payment Hardware - "POS Portal is excited to announce the availability of Vantiv ready payment devices for VARs, ISVs and Merchants. "
  • Apriva Adds Multifaceted Payment Solution for Canadian Vending Operators - "The new solution incorporates Crane Payment Innovation’s (CPI) MEI® Cashflow™ EasiChoice card reader and Apriva’s newly certified payment gateway interface for Interac Flash to TNS Smart Network Inc., a leading payments processing provider in Canada and the U.S. This new solution set provides one easy-to-use, seamless payment acceptance platform for Canadian vending operators to enable an enhanced customer experience with increased convenience and security."
  • Allied Wallet Sees Increased Success in Germany with Acceptance of Alternative Payment Methods - "81% of Germans are frequent online shoppers and the average German spends about 25.2 hours online per month. Surprisingly, credit cards only account for about 21% of the transactions in their e-commerce market. Allied Wallet is one of few payment service providers that can accept many alternative payment methods across the e-commerce landscape."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next public Boot Camp and Insight Workshop series is April 18-20 in New York City followed by Atlanta, May 16-18. Come for the two day boot camp or attend all three days. Check out our spring schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

UPDATES FROM GLENBROOK

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

April 17, 2017

Headline News from PaymentsNews.com - April 17, 2017

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

ON THE WEB

  • Ant Financial Raises MoneyGram Bid 36% to Fend Off Euronet - Bloomberg - "The revised bid is worth $18 a share in cash, up from a previous offer of $13.25, the companies said in a joint statement. The new deal, which has the backing of MoneyGram’s board, values all the common and preferred stock at $1.2 billion, it said. Euronet Worldwide Inc. last month offered $15.20 a share for the Dallas-based payments company."
  • With new govt app, use fingerprint to pay - Times of India - "Strongly backing the Aadhaar identity system, PM Narendra Modi on Friday launched the Bhim-Aadhaar Pay app, a system which allows payment through thumb impression. The PM lauded telecom minister Ravi Shankar Prasad and his team for their efforts in providing a sound ecosystem for 'Digital India' and asked him to get the technology patented. Modi said he had been asked by African leaders if India could help them set up similar processes in their nations."
  • The Risk of Rising Consumer Borrowing - Wall Street Journal - "Since the financial crisis, mortgage lending has been hogtied with new regulations that make it more difficult, especially for young or subprime borrowers, to get home loans. But other forms of consumer credit, including auto, student and credit card loans, have been growing strongly in recent years, helping boost retail spending, a major driver of economic growth."
  • Simple Shows Exactly Why Customers Don’t Trust Fintechs - Bank Innovation - "In February, the company reportedly had already transitioned 87% of its total customer accounts to BBVA, and now, about two months later, the accounts that have not yet been transferred for whatever reason will be automatically shut down. "

ON THE WIRES

  • E-commerce fraud increased 33 percent in 2016 - "Fraudsters continue to migrate their activities online as more merchants switch to EMV terminals and consumers receive chip-and-pin credit cards. Experian® analyzed this trend in a new report, the 2016 E-commerce Fraud Attack Rates rankings, that analyzes millions of e-commerce transactions and ranked the top states, cities and ZIP™ codes for shipping and billing fraud across the United States."
  • Zelle NetworkSM Banks Process 170-Million P2P Payments, Totaling $55-Billion in 2016 - "Early Warning Services, an industry-leader in real-time payment, authentication, and risk mitigation, today announced that financial institutions in the Zelle NetworkSM processed more than 170-million person-to-person (P2P) payments in 2016, totaling $55 billion in aggregate transaction value. The Zelle Network, built on the foundation of the clearXchange® Network, now includes 20 banks and credit unions, and is poised to reach an estimated 85-million consumers in the U.S. through the mobile banking apps of its participating institutions. New “Send Money with Zelle” experiences will be live in bank apps in mid-2017."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next public Boot Camp and Insight Workshop series is April 18-20 in New York City followed by Atlanta, May 16-18. Come for the two day boot camp or attend all three days. Check out our spring schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

UPDATES FROM GLENBROOK

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!