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April 26, 2010

When Worlds Collide! - New on

JayDeWitt.jpgIn an article titled "When Worlds Collide" penned from the NACHA Payments 2010 conference in Seattle, Glenbrook's Jay DeWitt writes on about when the traditional world of banking collides with the worlds of entrepreneurs - and how different approaches emerge.

Jay's commentary was triggered by listening to a couple of today's conference presentations - one about consumer interest in P2P payments and the other by Jack Dorsey from Square.

Blippy's Ashvin Kumar Blogs About Last Week's Card Number Issue

Blippy_logo-140px.pngOn the Official Blippy Blog, founder/CEO Ashvin Kumar writes about last week's events - beginning with a New York Times story about the company's Series A financing only to be shortly followed by news "about the discovery of credit card numbers within Google’s cached search results." Kumar goes on to say: "Our mood quickly went from elation to disbelief to disappointment. We are very sorry."

Following Today's Future of Money Conference

Were you unable to attend today's Future of Money Conference in San Francisco? You can follow attendee tweets about the conference using hashtag #futureofmoney on Twitter.

Follow NACHA's Payments 2010 Conference on Twitter

Twitter_logo-140px.jpgAttendees at NACHA's PAYMENTS 2010 conference in Seattle are tweeting their comments using the hashtag #payments2010. Follow them on Twitter - including Glenbrook's Erin McCune!

Fiserv, MoneyGram Partner for Same Day Bill Payment

fiserv_logo.gifFiserv has announced a partnership with MoneyGram International to enable consumers to pay household bills through financial institution websites the same day they are due. The bills that will be available for same day payment represent those most common to U.S. households, including auto, mortgage, credit card, utility and mobile phone bills. READ MORE »

TD's Mobile iPhone App Averaging More Than 10,000 Downloads/Day

TD_logo.jpgTD has announced that since the launch of its TD mobile app for iPhone and iPod touch devices, the app has been averaging more than 10,000 downloads per day.

"In just over a week, more than 100,000 customers are now ready to bank on the go, wherever and whenever they want," said Joan Dal Bianco, Vice President, Online Channel, TD. "The TD mobile app not only allows customers access to everyday banking at their fingertips, but also delivers the ease and convenience to contact TD Waterhouse to get a quote, place a trade or to reach TD Insurance for help with insurance needs."

TD is also active on Facebook. READ MORE »

Secure POS Vendor Alliance Announces New Leadership

SPVA_logo-140px.pngThe Secure POS Vendor Alliance (SPVA), a non-profit business organization founded by Hypercom, Ingenico and VeriFone has announced that TK Cheung, vice president global quality & security, Hypercom, will assume the position of SPVA chairman of the board with Paul Rasori, senior vice president, global marketing, VeriFone, stepping in as vice chairman and CTO and Christophe Dolique, executive vice president, global marketing & transaction services, Ingenico, serving as secretary/treasurer. Bob Carr, CEO, Heartland Payment Systems, will continue to serve as associate member director, an elected position. READ MORE »

Visa Europe Reduces Intra-Europe Debit Interchange to 20 Basis Points

visa_logo-140px.jpgVisa Europe has announced that will cap its weighted average intra-regional MIF for immediate debit transactions at 20 basis points (0.2%) for four years. The same cap will apply to domestic immediate debit rates that defaulted to the intra-regional MIF rate before 10 March 2009 and continue to do so, and to domestic immediate debit rates set directly by Visa Europe. Visa Europe noted that "many of these countries have their own arrangements for setting domestic interchange or have few immediate debit card transactions, therefore the overall impact is limited." READ MORE »

ClairMail, CashEdge Partner for P2P Mobile Payments

clairmail-logo.gifClairMail has announced an agreement with CashEdge to provide financial institutions with connectivity to CashEdge's Popmoney through the ClairMail platform. As a result of the relationship, ClairMail customers will have the ability to provide consumers with a secure, consistent mobile banking and P2P payments experience. READ MORE »

New Consumer Survey Finds Increasing Demand for P2P Payments

FIS_logo-140px.jpgFIS has announced results of research by eCom Advisors that it commissioned along with NACHA and PayPal finding that "demand for electronic person-to-person (P2P) payments and transfers is growing rapidly and the interest of making these and other payment transactions through an ePayment Portal is strong as well. In fact, the study found that of those who were interested in the Portal concept, 70 percent would be likely to use P2P payment services within that Portal." READ MORE »

Cardlytics, Vesdia Partner on Merchant-Funded Rewards

Cardlytics_logo-140px.jpgCardlytics and Vesdia have announced a partnership to provide banks with a comprehensive approach to delivering merchant-funded rewards and retailers access to additional marketing platforms. According to the companies, "the partnership will enable banks to provide targeted rewards based on customers' debit, credit and bill-pay transactions, as well as deploy a broad-based rewards strategy that includes online malls and multi-channel marketing. This approach is fully merchant-funded, enabling banks to deploy an effective loyalty program at no fee." READ MORE »

Headline News - April 26, 2010

Note: Throughout the day, as Payments News happens, this post is updated. For job opportunities available for payments professionals, visit Employers looking to hire payments professionals can post their job openings there as well.


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