Payments News from Glenbrook Partners
Glenbrook   Book   Education   Views   Archives   Store   Advertise   About         SUBSCRIBE:

« February 28, 2010 - March 6, 2010 | Main | March 14, 2010 - March 20, 2010 »

March 12, 2010

What's Coming Up at Glenbrook!

Jacqueline-retouch.pngJacqueline Chilton will be moderating a panel at the upcoming International CTIA WIRELESS 2010 conference on Monday March 22 in Las Vegas. The session is “Bank Perspectives” on innovation and consumer uptake of mobile within the Money Over Mobile track. Her panelists include: Matt Dill - SVP Digital Ventures, Western Union, Sarah Overcash - AVP, Mobile Banking Channel Mgr, Sun Trust Banks, Peter Ho - VP & Product Manager, Wells Fargo, Tim Ruhe - VP Mobile, FiServ. If you are attending, please reach out to Jacqueline.

New on - Threats to Deposit Accounts

In an article titled "Under Attack! Threats to Deposit Accounts: an Interview with FICO Fraud Solutions", Glenbrook's Jacqueline Chilton talks with Mike Urban, FICO Senior Director of Fraud Solutions, about how criminals are enhancing their margins in ATM and debit card fraud.

Headline News - March 12, 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.

March 11, 2010

Visa Investor Day

Visa held an Investor Day today - replays of the morning and afternoon sessions are available online. Here are the slides for the morning and afternoon sessions.

Visa Updates Volume, Growth Statistics

In an 8-K filing with the SEC this morning, Visa updated some selected volume data:
  • February, U.S. aggregate payments volume growth was positive 12% versus the prior year period. Further broken down, U.S. credit payments volume growth was positive 2% and debit payments volume growth was positive 20%.
  • February cross border payments volume on a constant dollar basis was positive 11% over the prior year period.
  • February processed transactions grew positive 13% globally.
  • 2011 free cash flow is expected to exceed $2 billion.

Joe Forehand Named Chairman, Interim CEO of First Data Corp.

First Data's board of directors has announced the appointment of board member Joe Forehand, former chairman and CEO of Accenture, as chairman and interim chief executive officer (CEO). Forehand will succeed Michael Capellas on March 31, 2010. Capellas, after serving as CEO for three years, has accepted a new role as senior advisor at KKR focusing on technology. He will continue to support First Data in an advisory capacity. READ MORE »

March 10, 2010

Visa Holding Investor Day Thursday, March 11

Visa is holding an Investor Day on Thursday, March 11, beginning at 8 AM Pacific time. Here are the links for the webcasts of the morning session and the afternoon session.

Glenbrook at the Merchant Risk Council's Annual Conference Next Week

Glenbrook's Allen Weinberg and Carol Coye Benson will be attending next week's annual conference of the Merchant Risk Council. Together, they'll be teaching the MRC Payments Workshop on the afternoon of Tuesday, March 18th. On Tuesday mornng, Allen will be joining a panel discussion about Universal Identity - Trust in e-Commerce Transactions as part of the MRC Platinum Meeting. If you're going to this year's MRC annual conference, be sure to say hello to Allen and Carol!

Bank of America Plans to Change Debit Card Overdraft Practices

Bank of America has announced that "beginning this summer it will only authorize single debit card transactions at the point of sale if a customer has enough money in their account at the time. This change will help customers by reducing the likelihood they may inadvertently overdraw their account and thus eliminate unexpected overdraft fees on these transactions. Customers will still have the choice to link their checking account to another account through Overdraft Protection to cover these types of transactions." READ MORE »

Headline News - March 10, 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.

March 09, 2010

Merchant Risk Council's Annual Merchant Fraud Survey

The Merchant Risk Council (MRC), a merchant-led trade association focused on electronic commerce risk and payment strategies, has announced the results of its Annual Merchant Fraud Survey, sponsored by CyberSource Corporation. According to the MRC, "this year’s survey again confirms that MRC Platinum Members are best in class at reducing revenue losses due to cyber theft, while also leading the way in reviewer productivity for both domestic and international orders." READ MORE »

UK Card and Banking Fraud Losses Down 28% in 2009 to £440.3MM

The UK Payments Council has released new data on fraud losses for the full year 2009 that show that "total fraud losses on UK cards fell by 28 per cent between 2008 and 2009 to £440.3 million – a decrease of £170 million on the previous year’s total."

According to the Council, "the combined force of industry initiatives such as: chip and PIN; the increasing use of sophisticated fraud detection tools by banks and retailers; and the work of the DCPCU , the banking-sponsored special police unit, have all helped contribute to this fall. It is the first time that card fraud has decreased since 2006." READ MORE »

NFC Forum Announces 19 New Members

The NFC Forum has announced 19 new members from 14 countries. "The new NFC Forum members are from several sectors of the NFC ecosystem, the numerous industries that are stakeholders and contributors to NFC technology. Industries represented include semiconductor and terminal manufacturers, higher education, service providers, compliance and testing organizations and systems integrators." READ MORE »

Vindicia Adds Two Game Publishers - HitGrab, Arbopals

Vindicia has announced the addition of two game publishers, HitGrab and Arbopals, to its customer portfolio providing on-demand billing solutions in the online gaming industry. According to the company, "with these additions, Vindicia's CashBox continues to expand its reach into a wide variety of game genres, such as MMOs, casual games, social games and virtual worlds. With the online game market expected to reach $24.8 billion in 2013, according to Strategy Analytics, publishers who seek to stand out from the pack must establish a business model that is fine-tuned to monetize their games, regardless of genre or style." READ MORE »

First Data Releases February 2010 SpendTrend™ Results

First Data Corporation has released its First Data SpendTrend™ analysis for February 2010 - finding that "same-store dollar volume was up 8.4% (7.4% excluding gasoline stations) with employment showing signs of stabilization. Average tickets were up 1.4%, the first year-over-year increase since July 2008." SpendTrend tracks same-store consumer spending via credit, signature debit, PIN debit and EBT cards at U.S. merchant locations. READ MORE »

Headline News - March 9, 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.

March 08, 2010

Vesta Launches Payment Portal for Prepaid Mobile Operators

Vesta Corporation has announced the launch of, a recharge portal that allows mobile customers to send airtime to friends and family worldwide. According to Vesta, "the portal features immediate, no-fee recharging for prepaid mobile phone accounts and allows expatriates and immigrants to maintain strong family ties, regardless of distance and borders." READ MORE »

Mobey Forum Publishes White Paper on Secure Mobile Payments

The Mobey Forum has released a new white paper titled "Alternatives for Banks to Offer Secure Mobile Payments" that "examines the important role of the secure element in delivering mobile payment services to end users." (Both the white paper itself and accompanying slides are available for download). It provides an analysis of the mobile financial ecosystem, the stakeholders, and the value chain positions that can be achieved by banks though different business models.

According to the Forum, "the paper’s key focus is on the role of the secure element, a tamper-resistant hardware element located within a mobile device, which is required to securely facilitate mobile financial services, such as near field communication (NFC) and contactless payments. It highlights the features, application and impact of different secure element technologies including stickers, secure micro SD cards, universal integrated circuit cards (UICC), embedded secure elements and trusted mobile bases." READ MORE »

March 07, 2010

A Look at Square

In a post titled "Is Square a Threat to Verifone?" on his blog, Aneace Haddad writes about whether Square would pass his basic framework to evaluate the chances of success of a new project or venture. In his analysis of new ventures, he asks "three fundamental questions: so what, who cares, and why me?" Read his post to see what he concludes about Square.


News View

Payments Consultants