MasterCard commented: "MasterCard Worldwide said today it is pleased that Judge Barbara S. Jones narrowed the scope of Discover’s antitrust case against MasterCard by granting certain aspects of MasterCard’s summary judgment motion."
Visa commented: "As a consequence of these summary judgment rulings, Discover cannot challenge the legality of the agreements Visa has signed with its debit issuance partners. As such, it is unlikely the Discover litigation will have a significant impact on Visa's ongoing business operations."
We've introduced a new, one-day Workshop on Emerging Payments. This advanced course will cover the newest developments in payments in the online, physicial point-of-sale, bill payment, and business to business arenas. The Workshop on Emerging Payments will be held twice this fall: in New York City on October 23 and in Mountain View, California on November 12. Registration for both Workshops is now open!
We're also presenting two sessions of our very popular Payments Boot Camp this fall - in the San Francisco Bay Area on October 15-16 and in Denver on December 3-4. Registration for both Boot Camps is now open.
In addition to these public sessions, Glenbrook also offers private payments workshops tailored and delivered at our client's locations. These workshops are individually customized to concentrate on the topics of most importance to you.
To learn more about Glenbrook's Payments Education series, contact Glenbrook's Carol Coye Benson.
Looking for more payments-related reading? Checkout our Other Payments and Banking Blogs page for more from the blogosphere about the worlds of payments and banking.
Quote of the week: From Philip Mikal, COO of ChargeSmart: “We believe that consumers are taking advantage of the service for their car payments not only because of the credit card rewards they earn, but also the added convenience of being able to set up monthly payments, not to mention a useful cash management tool”
You can find all of our Weekly Wrap summaries in the Payments News Weekly Wrap Archive. They're published every Saturday and look back at the highlights of the week's news. Please share on how we can improve the Weekly Wrap!
Jim writes: "In a single action-packed day, we'll see several financial startups launch, a few major product overhauls revealed, and a pile of new features shown to the public for the first time. It could be the single biggest "news days" in the history of online finance."
October's simply a great time to be in New York and the Finovate conference format (no boring PowerPoint slides to sit through - just quick, to the point, 7-minute demos) keeps things moving and "information rich"!
For a taste of Finovate, see my postings from the San Francisco FinovateStartup conference held earlier this year. If you're interested in financial services innovation, you'll definitely want to be at the New York session in October. Registration is open - with a $100 Early Bird discount available. Glenbrook will be there - and we look forward to seeing you there.
First Data has published "Contactless Payments: Consumer Trends and Usage Preferences" saying that "the first step toward mobile commerce is the introduction of consumer-friendly form factors (i.e. a sticker attached to a person’s mobile device or ID badge; a wristband; or a key fob)." FDC calls its contactless stickers GO-Tags.