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February 10, 2011

eBay 2011 Analyst Day

PayPal logo 140pxeBay held its annual analyst briefing today. Scott Thompson (President, PayPal), Ed Eger (SVP and GM, PayPal North America), and Sam Shrauger (PayPal VP Global Product and Experience) all spoke. The two bigs claims were that PayPal expects to:
  • Double its revenue over the next 3 years, from $3.4 billion in 2010 to $6-7 billion by 2013

  • Increase its global eCommerce marketshare from 18% in 2010 to 20-24% by 2013
The presentation material and webinar playback are on the eBay Investor site; the PayPal section starts on slide 22. AuctionBytes did a good job of live blogging the briefing.

Visa Launches Customizable Spend Management Tool

Visa logo 60pxhVisa has announced a new service that allows financial institutions to give their customers wide-ranging insight into and control over their spending. The service "provides Visa account holders with a mobile SMS text, email, and online spend management tool that allows them to set a 'purchase threshold' for various accounts, monitor their spending in certain categories, and alerts them when their aggregate spending exceeds pre-set levels."

American Express Investor Day

Amex logo 140pxEarlier this week, American Express held its semi-annual investor day - copies of the presentation materials and speech texts are available at the Amex Investor Relations site. Ken Chenault (CEO) and Doug Buckminster (President, International Consumer Card and Small Business Services) made presentations.

What's Up With Glenbrook

GP Logo Horizontal-140px.png New webinars, upcoming payment boot camps, a new series of market reports, and our book...
Payments Essentials Webinars – Tuesdays from 10:30AM -11:30AM PST, $149
Feb 15, 2011: eInvoicing - with Erin McCune
Feb 22, 2011: Bill Payment - with Jacqueline Chilton

Payments Boot Camps – Two day “deep dive” into the industry, $1995
Feb 16-17, 2011: Santa Clara, CA - there are only 4 seats avaialble!
Apr 13-14, 2011: New York City - with Bryan Derman and Carol Coye Benson
May 18-19, 2011: Santa Clara, CA - with Scott Loftesness and Carol Coye Benson

eCommerce Market Analysis Reports
A new series of reports designed to help U.S. companies better understand eCommerce markets around the world; six countries are available now, with more to come.

Payments Systems in the U.S.
Glenbrook's book is available for bulk purchase for payments executives who want to ensure that their teams have a thorough grounding in the multiple dimensions of our industry.

Blackhawk Network Launches it First Gift Card App

BlackhawkNetwork logo 140pxBlackhawk Network has announced the launch of its first GiftCardMall.com iPhone application.
GiftCardMall.com now enables iPhone users to purchase and send personalized eGift cards directly from their iPhone to a recipient’s email or Facebook account. eGift Cards can be personalized by adding your favorite photo of your Valentine to a gift card or by adding a special note or love poem.

February 09, 2011

The Case for EMV Chip Cards in the US?

GP Logo Horizontal 140pxOver on Payments Views, our sister blog, Glenbrook's Scott Loftesness has recently posted his thoughts about the business case - or lack of business case - for EMV chip cards in the US.
US issuers and the major card networks can’t really make decisions to invest in EMV because the business case still doesn’t make sense. And, once again, unilateral action by one card network to embrace an EMV migration doesn’t make sense.
In related news, Visa today announced a Technology Innovation Program (TIP) to encourage merchant adoption of EMV by relaxing annual PCI-DSS compliance validation for merchants using EMV. But the program doesn't yet apply to the US market.

MasterCard Opens 'Developer Zone' Portal

MasterCard logo 140pxMasterCard quietly started to beta test their 'Developer Zone' portal last month:
Over the past few months, MasterCard developers have tested the site, the initial services, and created a few cool apps. And now, we are confident and excited to enable a small group of external developers with exclusive access to our site and services. As you can see, our site provides sample code, SDKs, libraries, forums and blogs, as well as a mechanism to request development keys that will allow developers to code and test in the sandbox.
There are three initial sets of API services -- for payments processing, for offers, and for location. The payments processing APIs are card brand neutral and appear to take the place of a traditional gateway. Merchant accounts are not provided and must still be obtained from a merchant acquirer.

PaymentOne Partners With BilltoMobile to Expand Direct Mobile Billing

BilltoMobile logo PaymentOne logo 140px PaymentOne has announced it is partnering with BilltoMobile to "offer PaymentOne merchants and customers more competitive payouts and advanced security compared to premium SMS through the BilltoMobile Direct Mobile Billing (DMB) payment service which is directly connected into the carrier billing system."

BilltoMobile currently offers Direct Mobile Billing support in the U.S. for AT&T and Verizon Wireless. READ MORE »

First Data Releases January 2011 SpendTrend

First data logo 140px First Data has released its First Data SpendTrend analysis for the full month of January 2011 compared to January 2010.
Across all card types, January’s total dollar volume growth increased 7.4% year-over-year, up from December’s growth of 6.5%. Transaction growth increased 8.3% in January, an improvement from December’s growth of 7.6%. Increased consumer spending in late 2010 carried over into January with help from payroll tax reductions that took effect Jan 1, 2011 and an improving employment outlook.
SpendTrend tracks same-store consumer spending via credit, signature debit, PIN debit, EBT cards, and checks at US merchant locations.

FinovateEurope 2011 Guide Now Available

Finovate europe 2011We're big fans of NetBanker and the Finovate Conferences series. With their first European conference now complete, they are making the attendee guide freely available to anybody who registers on their Online Banking Report website. The guide contains a one-page synopsis of each of the 35 demoing companies.

Strong Finish to 2010 for MasterCard in the Asia/Pacific, Middle East & Africa Region

MasterCard logo 140pxMasterCard has announced fourth quarter and full-year results for the Asia/Pacific, Middle East & Africa (APMEA)1 region. For the quarter ending 31 December 2010, the region witnessed strong growth in gross dollar volume (19.1%), purchase volume (19.5%), purchase transactions (16.2%), cash transactions (21.8%) and cards issued (9.7%), versus the same period in 2009.

Visa to Acquire PlaySpan

Visa logo 60pxhVisa has announced an agreement to acquire PlaySpan, "a privately held company whose payments platform handles transactions for digital goods in online games, digital media and social networks around the world."
PlaySpan provides a Monetization-as-a-Service™ platform that allows merchants to monetize their content using a broad suite of payment and commerce-related solutions in fraud and risk management, analytics, merchandizing and global payment connectivity. Merchants use PlaySpan’s technology to enable their consumers to make safe and convenient purchases online for items such as game credits, premium memberships and digital goods.

February 08, 2011

Smart Card Alliance Outlines EMV Roadmap Options for U.S. Payments Industry

SmartCardAlliance logo 140pxEMV chip technology and the future of payments in the U.S. are the subjects of a new white paper recently released by the Smart Card Alliance Payments Council. The paper describes the current state of the payments infrastructure in the United States and identifies actions that stakeholders would need to take to move the whole country to EMV.

Bling Nation 'Likes' Chicago in National Rollout of FanConnect Social Rewards Program

BlingNation logo 140pxBling Nation has announced the rollout of its mobile platform by launching its FanConnect social rewards program in Chicago, as part of a broader national rollout.
FanConnect gives businesses the opportunity to connect with customers when they visit, which can generate awareness, encourage in-store traffic and build customer loyalty through special rewards. Every time a customer earns a reward, they're able to share it with their hundreds of friends on Facebook, who can grab that deal and use it when they visit the business.

Current Opportunities on PaymentsJobs.com

Several new positions for payments professionals have recently been posted to Glenbrook's payments industry job board in the last 30 days: PaymentsJobs logo 140pxIs your company hiring? Are you in the market for qualified payments professionals? You can reach the best candidates here! Post your job openings for payments professionals on PaymentsJobs.com!

EFTA Launches Information Portal on Federal Reserve Debit Card Rules

Efta logo 140pxThe Electronic Funds Transfer Association (EFTA) has launched a new website to provide information on the Federal Reserve’s proposed new regulations governing debit card interchange fees. The site is designed to "provide news, opinions and analysis on those issues that are critical to understanding the changes that will result from the law including the Fed’s effort to cap debit card interchange fees."

If the proposed Debit Card rules are on your radar screen, be sure to signup for Glenbrook's March 15th webinar on 'Durbin: Second Order Impacts'.

February 07, 2011

Federal Reserve Reports Increase in Consumer Credit for 4Q2010 and December

FedThe US Federal Reserve has reported its latest G.19 Consumer Credit statistics - finding that "consumer credit increased at an annual rate of 2.50% in the fourth quarter. Revolving credit declined at an annual rate of 2.75%, and nonrevolving credit increased at an annual rate of 5.50%. In December, consumer credit increased 3.00% at an annual rate."

Mobile Payments News on the Web

Mobile payments icon 140pxMobile payments continue to dominate press coverage of payments industry news:

And in related news, Barclays recently released the new lexicon of financial terminology. Their thesis is the informal nature of mobile devices is changing the way people talk about and refer to money.

TSYS and CASSIS Enter Into Mobile NFC Partnership

Tsys logo 140pxTSYS announced that it has entered into a partnership with CASSIS International.
“Consumers will soon be using their phones as their wallets, so delivering secure mobile payments, loyalty, rewards and coupons will be a ‘must have’ for our bank and merchant customers,” said Troy Woods, president and chief operating officer, TSYS. “TSYS is committed to offering a full range of mobile solutions that meets our customers’ needs both today and tomorrow, and we are excited to partner with CASSIS, a global leader in technology and trusted service management for mobile NFC.”
CASSIS is a mobile trusted service manager (TSM) for banks, retailers, transit operators and mobile service providers, and is globally certified by Visa and MasterCard.

NYCE and CashEdge Join Forces to Bring Real-Time P2P Payments to Banks

NYCE logo 140px Cashedge logo 140px NYCE has announced that it will begin offering CashEdge Popmoney to its more than 3,000 financial institution clients. But instead of using ACH, the normal Popmoney funds transfer method, the NYCE Payments Network "will provide the ability to transmit the funds between the sender’s account and the receiver’s account in real-time, resulting in the immediate availability of funds."

Sage Launches New Mobile Payments Product for SMBs

Sage logo 140pxSage Payment Solutions has announced general availability for Sage Mobile Payments, a PCI compliant "mobile payments product that comes bundled with a Sage merchant account to allow SMBs to expand their payment options by accepting credit and debit cards on 400+ types of mobile phones and computing devices, across all major wireless carriers."

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