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« April 3, 2011 - April 9, 2011 | Main | April 17, 2011 - April 23, 2011 »

April 14, 2011

Payments Views - Western Union's Small Business Payment Solution

GP Logo Horizontal 140pxOver on our sister blog, Payments Views, Glenbrook's Erin McCune takes a look at Western Union's Small Business Payment Solution, interviewing Brian Harris, Vice President of Marketing and Product Management. This post, entitled "FX for the Little Guy", is the third in a new series of Glenbrook profiles on major players in electronic B2B payments.

AisleBuyer Debuts Card Capture Technology

Aislebuyer logo 140pxAisleBuyer has announced that it has added card capture technology to its roster of mobile retail solutions.

"Card capture is a natural extension of our mobile self-checkout strategy," said Dan Preston, CTO of AisleBuyer. "By enabling payments through computer vision technology, retailers have an easier way for customers to pay, thus increasing customer satisfaction with the shopping experience."
Once a card has been scanned, software extracts the card data and pulls it into a secure form where it can be submitted as a CNP payment for an in-store or online purchase.

Headline News - April 14, 2011

On the wires:

On the web:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated.

April 13, 2011

American Express and Payfone Announce Strategic Mobile Checkout Alliance

Payfone logo 140pxAmex logo 140pxAmerican Express and Payfone have announced a strategic alliance to create a new global mobile checkout service.

“This alliance brings together Serve’s unified online, mobile and real-world functionality with Payfone’s advanced mobile authorization and payment services to deliver a seamless payment solution,” said Dan Schulman, Group President, Enterprise Growth, American Express. “The alliance is an important next step for the international roll out of Serve. We look forward to working with Payfone as we evolve the Serve platform to provide the most advanced payment solutions for buyers and sellers, while setting new standards in security, simplicity and reliability.”
In related news, Payfone announced a $19 million round of funding from American Express, Verizon Investments, and Rogers Ventures.

Wells Fargo to Pilot EMV Chip Technology for International Travelers

Wells fargo logo 140pxFargo has announced that its piloting a Visa-branded EMV card for international travelers.

“U.S. issuers and merchants rely primarily on magnetic stripe technology,” said Eric Schindewolf, vice president of product development for Wells Fargo Consumer Credit Card. “However, many parts of the world have adopted chip-enabled payment cards as a primary means of authentication, which has been problematic for customers who travel abroad and were unable to use their credit card. By combining traditional magnetic stripe along with the EMV chip technology, we hope our customers will have the convenience to use their credit card no matter where they are in the world.”
The pilot is the industry’s first chip program by a national bank and includes 15,000 Wells Fargo consumer credit card customers who travel internationally.

Visa Boosts Spending Visibility and Makes Compliance Easier for Businesses

Visa logo 140px Visa has announced the global launch of Visa IntelliLink Compliance Management, a web-based solution offering enhanced control, compliance and cost-savings for businesses using commercial card programs.

Visa IntelliLink Compliance Management converts commercial card transaction data into information that card program managers at government agencies and private sector enterprises can use to minimize and deter commercial card misuse, such as using cards for personal expenses. A complement to the Visa IntelliLink product suite, this new service gives organizations a more detailed view of commercial payment program data, complementing existing card management and issuer reporting systems for a 360 degree view of commercial payment solution activity.

April 12, 2011

What's Up With Glenbrook

GP Logo Horizontal 140px New boot camps, new webinars! Glenbrook’s industry education webinars for April, May and June are now open for registration, as are fall boot camps in New York City and the San Francisco Bay Area.

Payments Essentials Webinars - Tuesdays 10:30am - 11:30am PDT, $149
Apr 26, 2011 - Card Acquiring – Vendor Evaluation – A Merchant’s View
May 03, 2011 - Cross Border B2B Payments
May 10, 2011 - Small Business Payments – Best Practices
May 17, 2011 - Prepaid Essentials
May 24, 2011 - Mobile P2P Payments in the U.S.
May 31, 2011 - eCommerce Payments Acceptance – Europe
Jun 07, 2011 - Durbin – Where We Are Now
Jun 14, 2011 - eCommerce Payments Acceptance – Asia
Jun 21, 2011 - Online Wallets, Shopping, and Digital Content
Jun 28, 2011 - Card Essentials

Payments Boot Camps – Two day “deep dive” into the industry, $1995
May 18-19, 2011: Santa Clara, CA - with Scott Loftesness and Carol Coye Benson
Oct 04-05, 2011: Santa Clara, CA - with Scott Loftesness and Carol Coye Benson
Oct 26-27, 2011: New York, NY - with Bryan Derman and Carol Coye Benson
Dec 07-08, 2011: Santa Clara, CA - with Scott Loftesness and Carol Coye Benson

Digital River Awarded eCommerce Risk Management Patent

Digital river world payments logo 140pxDigital River recently announced that the U.S. Patent and Trademark Office has issued U.S. Patent No. 7,881,972 entitled, Electronic Commerce System and Method for Detecting Fraud.

As part of the dynamic cross-linking data techniques inherent in Transaction Defender, this technology uses transaction information given by customers during the online checkout process to make instantaneous fraud detection decisions. The technology continually scans data points delivered from more than 150,000 Digital River hosted global online stores to reveal new risk patterns and trends in real-time and quickly identify and stop fraud attacks through one central action.
This patent describes fraud detection technology specifically for purchase order transactions processed by online stores.

Bango Mobile Payment Embraces Canada to Reach 200 Million North Americans

Bango logo 140pxBango has announced that it has "further expanded its mobile payment platform by adding carrier billing in Canada. This brings the total number of subscribers it reaches through carrier billing in North America to over 200 million. Bango additionally provides mobile credit card and PayPal for payments that cannot be charged to the carrier bill."

April 11, 2011

Mobile Banking and Payments: Perspectives from Financial Institutions

Fiserv logo 60pxhFiserv sponsored a survey of top US banking executives to see where they stand regarding mobile.

Forrester surveyed 15 decision makers in October 2010 from top tier U.S. banks and credit unions to evaluate the current and future state of mobile banking and payments within their organizations. The results indicated that the majority of financial institutions have clear-cut mobile banking strategies. However, when it comes to mobile payments, most see themselves in the role of “fast follower” and are waiting for market changes and movement from “pace setters” before investing heavily.
The results are presented in this white paper.

First Data Releases March 2011 SpendTrend

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

Overall year-over-year dollar volume growth increased 8.1% in March, compared to February’s 8.4% growth rate. Excluding sales at gasoline stations, dollar volume growth was 6.9% in March versus 7.7% in February. Gasoline prices in March were up 30% year-over-year, which limited consumer discretionary spending.
SpendTrend tracks same-store consumer spending by credit, signature debit, PIN debit, EBT cards and checks at U.S. merchant locations.

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