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

« September 4, 2011 - September 10, 2011 | Main | September 18, 2011 - September 24, 2011 »

September 15, 2011

MasterCard Investment Community Meeting

MasterCard logo 140pxMasterCard recently held its annual update to the investor community on the company’s operational, business and product initiatives. The update included a review of strategy, marketing initiatives, core products, emerging payments, and MasterCard Advisors -- along with geography reviews of the LAC, EPMEA, and US markets. Webcast playback of the meeting (4:15 hours) is available from the MasterCard Investor Relations site, along with downloadable presentation material (98 slides).

Glenbrook at Sibos 2011 Conference

GP Logo Horizontal squareAre you planning to attend the international banking conference Sibos in Toronto next week? Glenbrook's Erin McCune and Carol Coye Benson will be there, so be sure to reach out if you want to talk Global eCommerce, Cross-Border B2B Payments, or payments in general. Erin will be presenting new cross-border payments research on a panel with NACHA and the Federal Reserve on Tuesday afternoon.

Roam Data and U.S. Cellular Partner on Mobile Payments Acceptance

Roam data logo 140pxROAM Data has announced an agreement with U.S. Cellular to bring the enhanced mCommerce features of its recently announced ROAMpay X to US Cellular’s 6 million customers.
“ROAMpay X makes it easier for merchants to accept credit cards securely on their mobile phones, and the more convenient one can make the experience, the more revenue merchants will generate,” said Will Graylin, CEO of ROAM Data. “We see this as the beginning of an exciting relationship that will drive additional value to mobile merchants using U.S. Cellular devices.

PayPal Unveils the Future of Shopping

PayPal logo 140pxScott Thompson, PayPal President, has posted some thoughts on the PayPal Blog about how he sees PayPal fitting across the whole shopping experience, from demand generation to in-store engagement, payment, and post-purchase loyalty.
We’re rolling out a one-stop shop for merchants to engage their customers directly during every part of the shopping lifecycle – generating demand from consumers through location-based offers, making payments accessible from any device (not just from the mobile phone), and offering more flexibility to customers even after they’ve checked out.

Be sure to check out the video of the consumer experience that is included in the post.

September 14, 2011

September 13, 2011

Blackhawk Network Expands REloadit Network

BlackhawkNetwork logo 140pxBlackhawk Network has announced five new companies that have joined Blackhawk's REloadit Network –– AccountNow, Galileo, NetSpend, Precash and Ready Credit.
"This impressive line-up of new partners expands Blackhawk Network's services to more prepaid debit cardholders than ever before," says Talbott Roche, President, Blackhawk Network. "We look forward to continuing to enhance our REloadit Network through valuable partnerships and giving consumers the choice and flexibility they deserve in managing their finances."

Openbucks Launches the Gift Card Payment Network

Openbucks logo 140x60pxOpenbucks has announced the launch of its Gift Card Payment Network which lets consumers use gift cards from trusted retail brands as payment at online sites.
"We've created Openbucks to provide consumers with a simple and safe way to pay online – similar to cash in the brick-and-mortar world," said Marc Rochman, CEO and founder of Openbucks. "Twenty-five percent of U.S. households and most U.S. teens have no or very limited access to credit cards, and many consumers are leery of giving out financial information. We're aiming to give these people a frictionless way to purchase online."

LexisNexis Releases 3rd Annual 'True Cost of Fraud' Study

LexisNexis logo 140pxAccording to a new study released by LexisNexis Risk Solutions, for every $100 in fraudulent transactions, retailers surprisingly incurred a 'true' cost of $230.
According to the study, retail merchants and financial institutions reported an overall decline in fraud rates and transactions while total retail sales rose. However, the research suggests that this is not the time to lose focus on fraud mitigation, as fraudsters’ techniques continue to evolve as retailers enter new markets through international and mobile channels. Consumers also experienced a decline in fraud losses overall but the average time it took to resolve fraud issues rose by 57% and the out-of-pocket costs of fraud rose by $244.

hyperWALLET Launches Low-Cost Online Merchant Payment Service

Hyperwallet logo 140pxhyperWALLET has announced the availability of its new low-cost online merchant payment processing service. "hyperWALLET’s 'Direct Pay' online merchant payment option provides a secure, cost-effective complement to card payments by enabling customers to pay for products using funds from their bank account, an online e-wallet, or combination of both."

September 12, 2011

mPay Gateway and MasterCard to Accelerate Healthcare Payments

Mpay gateway logo 140x60mPay Gateway announced that it has entered into an agreement with MasterCard to expand MasterCard acceptance through support of mPay Gateway’s point-of-care payment system.
“Patient payments are the fastest growing portion of healthcare providers’ revenue streams, but they traditionally have one of the lowest collection rates,” said Brian Beutner, chief executive officer of mPay Gateway. “Working with MasterCard, our technology is addressing inefficiencies in the patient payment process to streamline transactions and increase payment transparency so that providers can improve cash flow and better align with their patient’s payment preferences.”

eLayaway Joins the Secure Vault Payments Network

Svp logo 140pxeLayaway has announced they will join the Secure Vault Payments (SVP) network and offer SVP to their customer network of over 100,000 members in the fourth quarter of 2011.
“We are extremely excited about the opportunity to offer Secure Vault Payments to our growing member network,” said Sergio Pinon, Founder and Chief Marketing Officer of eLayaway. “Their private and secure process complements eLayaway’s continued commitment to providing its members with a safe and reliable way to make their layaway payments.”

First Data Releases August 2011 SpendTrend

First data logo 140pxFirst Data has released its First Data SpendTrend analysis for the full month of August 2011 compared to August 2010.
Year-over-year dollar volume growth was up 9.0% in August compared to 7.3% in July. In August, misc. store retailers and non-store (mail/telephone order) retailers drove overall retail growth of 9.2% with Back-to-School discounting in these subcategories. Overall average ticket growth at retailers grew only 0.3%, exceptionally low considering government figures showed inflation exceeded 3.0% in recent months.
SpendTrend tracks same-store consumer spending by credit, signature debit, PIN debit, EBT cards and checks at U.S. merchant locations.

Epicor Delivers Mobile Retail Point-of-Sale for Apple iPad and Other Devices

Epicor logo 140x60pxEpicor announced that its Epicor Retail Store Point-of-Sale (POS) offering is now fully mobile-enabled for deployment and use on Apple iPad, iPod, and Windows mobile devices.
"As mobile technology has very swiftly and significantly altered the retail landscape, Epicor has been right there, taking a leadership role to ensure retailers will be fully supported in their mobile initiatives," said Ian Rawlins, vice president, retail product marketing for Epicor. "We've experienced an incredible amount of interest from more than 30 retailers who are anxious to mobilize their Epicor Retail deployments -- in particular to iPad and iPod devices. We're having conversations with a great number of retailers -- such as JC Penney, Quiksilver and Gordmans -- who are anxious to leverage the power and performance of these new devices to drive transaction efficiencies, improve operational visibility and customer engagement."


News View

Payments Consultants