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« February 27, 2011 - March 5, 2011 | Main | March 13, 2011 - March 19, 2011 »

March 09, 2011

Facebook To Sell Digital Media with Credits: Challenges and Opportunities

Facebook logo 140pxInside Facebook has an interesting post on Warner Brothers accepting Facebook Credits as form of payment for movie rentals.

Today Warner Brothers announced that it will begin renting movies to users through Facebook applications, starting with The Dark Knight. By allowing users to pay for digital content, not just virtual goods, with its virtual currency Facebook Credits, Facebook is moving in a bold new direction that encroaches on the territory of iTunes and NetFlix.

PayPal Names Head of Retail Products

PayPal logo 140pxIn an important milestone, PayPal has announced that it has named Don Kingsborough as vice president of Retail and Prepaid Products.

Don was the founder and CEO of Blackhawk Network, a leader in prepaid third party card products and a subsidiary of Safeway Foods. There, Don launched and operated the Gift Card Mall, Inc. kiosks in tens of thousands of retailers in the world, including our very own eBay gift card.
This is the first time that PayPal has formally taken action to target the offline payments opportunity.

First Data Releases February 2011 SpendTrend

First data logo 140pxFirst Data has released its First Data SpendTrend analysis for the full month of February 2011 compared to February 2010.

Overall dollar volume growth increased 8.5% in February, up from January’s 7.4% growth, as many retailers reported sales that beat expectations. Consumers demonstrated a renewed faith in the economic recovery and the unemployment rate dropped to 8.9% in February.
SpendTrend tracks same-store consumer spending by credit, signature debit, PIN debit, EBT cards and checks at U.S. merchant locations.

March 08, 2011

Payments Views - The Intuit PaymentNetwork

GP Logo Horizontal 140pxOver on our sister blog, Payments Views, Glenbrook's Carol Coye Benson takes a look at the Intuit PaymentNetwork, interviewing Intuit SVP and long time payments guru Eric Dunn. This post is the start of a new series for Glenbrook - a journey to discover if the long-awaited “tipping point” in electronic B2B payments has finally arrived.

MasterCard Introduces Advanced Global Fraud Prediction Service

MasterCard logo 140pxMasterCard is introducing the Expert Monitoring Compromised Account Service to issuing banks in every market throughout the world. "This service represents the latest addition to MasterCard’s suite of Expert Monitoring Solutions which provide turnkey, next-generation fraud detection and prevention capabilities that help issuers reduce their fraud-related costs."

MRC to Unveil Three New Studies at Its Annual Global Conference

Mrc logo 140pxThe Merchant Risk Council (MRC) has announced the final agenda for its upcoming annual conference being held March 22-24 at the Wynn Las Vegas Resort. The organization will also announced the results of three new studies at the conference - a new MRC Payment Security Survey, the Annual MRC Fraud Survey, and a new Payments Benchmarking Survey.

Conference keynote speakers Include Harry Markopolos (financial fraud investigator), Andreas Weigend (former Amazon.com chief scientist), and Joseph Menn (author of "Fatal System Error").

Socialware Joins With LinkedIn to Unlock Social Media for Financial Services

Socialware logo 140pxSocialware has announced a relationship with LinkedIn that will enable financial services organizations and professionals to access the extensive networking, marketing and research capabilities available on LinkedIn while remaining compliant with SEC, FINRA, IROC, FSA and state regulations on electronic communication.

With Socialware's industry-leading technology, firms participating on LinkedIn can now efficiently navigate the record-keeping, suitability and supervision challenges associated with social media in the industry.

March 07, 2011

Payments Views - The PayPal Juggernaut

GP Logo Horizontal 140pxOver on our sister blog, Payments Views, Glenbrook's Scott Loftesness talks about The PayPal Juggernaut, and the implications of taking the "e" out of eCommerce. "We’re moving rapidly from eCommerce to just Commerce – literally done anywhere you want to be." And PayPal, Scott points out, is a significant beneficiary of this shift.

Federal Reserve Reports Consumer Credit for January 2011

FedThe US Federal Reserve has reported its latest G.19 Consumer Credit statistics - finding that "consumer credit increased at an annual rate of 2.5 percent in January 2011. Nonrevolving credit increased at an annual rate of 7%, while revolving credit decreased at an annual rate of 6.5%."

Tanla Solutions Launches In-App Mobile Payment Services

Tpaymobile logo 60hpxTanla Solutions has announced the launch of TPAYmobile - a cross platform, in-app mobile payment service for mobile applications and games.

Through a single integration with TPAYmobile, developers get access to billing on over 100 mobile networks as well as the ability to charge through Credit & Debit cards globally. TPAYmobile provides developers the ability to monetize through new and innovative business models like in-application billing, try & buy, time bound licensing and subscriptions with absolutely no starter or joining fee.
Cross platform means Android, Java, and Windows Mobile. TPAYmobile website is here.

Fiserv Acquires Maverick to Expand Digital Payment Portfolio

Fiserv logo 60pxhFiserv has announced that it "has acquired prepaid card processing and other technologies developed by Maverick Network Solutions, a Delaware-based provider of advanced prepaid and reward and incentive card programs. The Delaware start-up and its employees became part of the Fiserv Card Services group on March 1, 2011."

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