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« May 23, 2010 - May 29, 2010 | Main | June 6, 2010 - June 12, 2010 »

June 04, 2010

MasterCard Europe Unveils Next Generation Debit Card

MasterCard Europe has unveiled a next generation debit card - with the first roll-out of a new display payment card.  According to the company, "Turkish bank TEB, a subsidiary of BNP Paribas, will be the first issuer to bring the display card to consumers with a Maestro® eCommerce authentication programme that kicks off in July across Turkey, with new features to be added onto the card in the near future. The UK's Newcastle Building Society has also committed to the first pilot of the balance display functionality later this year." READ MORE »

Headline News - June 4, 2010

Headline News is brought to you by Glenbrook Partners and our Payments Education series.

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

June 03, 2010

First Data Looks at Fraud Trends: "Fraud as a Service"

First Data Corp.A new white paper titled "Fraud Trends in 2010: Top Threats From a Growing Underground Economy" by Rick Van Luvender Director, First Data InfoSec Incident Response Center, First Data Corp. is now available.

Interestingly, he writes: "...just as corporate IT managers have come to rely on the Internet to satisfy on-demand software needs in the form of Software as a Service (SaaS), so has the underground economy developed a similar infrastructure for delivering Fraud as a Service (FaaS), according to fraud experts from the InfoSec Incident Response Center at First Data."

MasterCard MoneySend Now Available for iPhone and iPad Users

MasterCardMasterCard has announced the availability of the MasterCard MoneySend service for iPhone and iPad users - providing a new way to transfer money in the United States from person-to person from iPhone or iPad's. MasterCard MoneySend is now available for free download at the iPhone App Store. READ MORE »

Monitise Americas Introduces iPhone Mobile Banking App for Smaller Banks

MonitiseMonitise Americas has announced that PyraMax Bank has launched an iPhone app powered by its technology. According to Monitise, "the release heralds a turning point in the mobile banking industry. Until now, bank-branded iPhone applications have been the privilege only of big-spending, large banks. However, thanks to its world-class technology, Monitise Americas can now build iPhone apps quickly and cost effectively, enabling mobile banking for many more financial institutions than previously possible." READ MORE »

Target to Offer Target REDcardholders 5% Off at Checkout

TargetTarget has announced that beginning this fall customers will receive 5 percent off at check-out every day when they use a REDcard at any Target store or on Target.com. Target’s REDcards include the Target Credit Card, Target Visa Credit Card and Target Check Card debit product. READ MORE »

Headline News - June 3, 2010

Headline News is brought to you by Glenbrook Partners and our Payments Education series.

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

June 02, 2010

FS-ISAC Releases Cyber Attack against Payment Processes (CAPP) Results

The Financial Services Information Sharing and Analysis Center (FS-ISAC) has released the Executive Summary of the results of a three-day nationwide cyber attack simulation exercise conducted in February. FS-ISAC conducted the Cyber Attack against Payment Processes (CAPP) exercise in conjunction with a variety of payment systems industry partners to test the ability of financial institutions, retailers, card processors, and businesses to respond to and recover from major cyber attack incidents impacting payment processes. Over 700 financial institutions and other organizations participated. READ MORE »

Disney and Facebook - Social Payments in Action!

Glenbrook's Carol Coye Benson writes: "Don't miss the story in the NYT this morning on Disney and Facebook - a really great example of "social" payments - one person buying something and inviting friends to buy the same." Read the full story: Disney Puts Tickets on a Facebook Site. Here's the Facebook page: - Disney Tickets Together.

BOKU Announces Payments SDK for In-App Payments on Android

BokuBOKU has announced the launch of a global in-app mobile billing solution for the Google Android mobile platform. According to the company, "the BOKU Payments SDK is a toolkit for developers to easily enhance and monetize any Android app with in-app purchases via carrier billing. Developers interested in the alpha version of the SDK can sign up to request access on the BOKU website." READ MORE »

Paysafecard, GlobalCollect Partner to Cover Latin American Market

paysafecardFollowing the recent entry of paysafecard into the Latin American market, GlobalCollect has announced it has increased the number of countries where it offers this payment method to include Argentina. According to the companies, "paysafecard enables consumers to make online cash payments in local currencies without needing a bank account or credit card. In a region where - according to the World Bank - only 30% of adults have a bank account, offering alternative payment methods such as cash and prepaid is crucial for e- commerce merchants to succeed. paysafecard is being distributed via 3,500 outlets in Argentina, which will be the company's base for further expansion into Mexico." READ MORE »

Zong Announces Beta of One-Click Mobile Payment Solution for Android

ZongZong has announced what it calls "the first one-click mobile payment solution for Android" and has opened a private beta for Android developers to integrate this payment option into their applications. According to the company, "the new payment solution creates a seamless experience for users who can now make a purchase within an application with just one click; no registration or log-in is required. The Zong platform automatically verifies the user, bills their mobile phone account and returns them to their application or game without delay." READ MORE »

Headline News - June 2, 2010

Headline News is brought to you by Glenbrook Partners and our Payments Education series.

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

June 01, 2010

New on PaymentsJobs.com - Senior Sales Executives at Digital River

PaymentsJobs.comDigital River has posted new position openings on our PaymentsJobs.com job board. These positions, based in the US, are for Senior Sales Executives to expand Digital River's footprint for its international payment processing and related back office services in North America. If you're interested in applying, be sure the checkout the full posting.

Is your company hiring? Are you in the market for qualified payments professionals? Post your openings for payments professionals on PaymentsJobs.com! Got multiple job openings to post? Contact me for a special discount!

NYC Transit Starts 6-Month Trial of MasterCard PayPass

MasterCardThe Metropolitan Transportation Authority (MTA), Port Authority of New York and New Jersey (PATH), NJ TRANSIT (NJT) and MasterCard have announced the launch of a six month pilot program in which MasterCard PayPass will be accepted for fare payments on select train and bus routes throughout New York City and New Jersey. According to the companies, the service "enables riders of the three transit systems to purchase fares and transfer between transit systems simply by tapping a single type of contactless credit or debit card or device." According to a press release, the service will be "available exclusively to MasterCard PayPass customers during the first two months of the trial" before being opened up to other payments brands. READ MORE »

Magento Introduces Magento Mobile for Merchants to Mobilize

MagentoMagento has introduced Magento Mobile - calling it "a new product that addresses the need for merchants to reach consumers through mobile devices." Magento mobile integrates with Magento’s e-commerce platform and uses PayPal’s mobile payments library to streamline checkout on a mobile device. Magento Mobile "transforms a retailer’s product catalog into a fully-functional, branded, native application which merchants can use to interact and transact with their most valuable customers in a way unlike any other channel." READ MORE »

TMG Partners with MShift, Visa for Mobile Solutions

TMG-The Members GroupTMG (The Members Group) has announced it is expanding its portfolio of products to include mobile banking and transaction alerting solutions. TMG says it has partnered with MShift - "leveraging their technology to bring to the table a holistic device, carrier and content agnostic mobile banking solution for FIs." TMG is also making available a transaction alerting service enabled by Visa that can also serve as a mobile fraud-detection measure. The goal of this new alert service is to enable consumers to be an active part of the fraud monitoring process. READ MORE »

New on PaymentsJobs.com - Senior Manager of Risk Management at PayPal

PaymentsJobs.comPayPal has posted a new position opening on our PaymentsJobs.com job board. This position, based in San Jose, CA, is for a Senior Manager who can "help set a Risk/Business Unit strategy that achieves maximum profitability for the business while enhancing the customer experience". If you're interested, be sure the checkout the full posting.

Are you hiring? Post your openings for payments professionals on PaymentsJobs.com! Got multiple job openings to post? Contact me for a special discount!

Mobile Phones as Loyalty Cards

Mobile UsersIn an article titled "Cellphone in New Role: Loyalty Card", Claire Cain Miller writes for the New York Times about how companies like FourSquare, Loopt, Shopkick and GoWalla "are experimenting with ways to use cellphones to bridge the digital and physical worlds and turn the tasks of everyday life, like buying coffee and running errands, into a game."

Headline News - June 1, 2010

Headline News is brought to you by Glenbrook Partners and our Payments Education series.

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

May 31, 2010

Headline News - May 31, 2010

Headline News is brought to you by Glenbrook Partners and our Payments Education series.

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

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