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« July 29, 2012 - August 4, 2012 | Main | August 12, 2012 - August 18, 2012 »

August 09, 2012

TapBase Introduces TapPay Mobile Payments Platform

Tapbase logo 140x60TapBase has announced the release of its TapPay and TapWallet mobile applications for the iPhone as key elements of its Tap mobile payments, loyalty and rewards platform.
“Although there are a number of mobile payment solutions now available in the marketplace, our system mitigates some of the risks inherent in performing payment transactions away from the traditional bricks-and-mortar retail store. For example, a customer can request a bill be sent to their own device; the customer can then complete the transaction without having to directly share sensitive credit card data with the merchant.”

TapBase is a Palo Alto-based payments startup. Website is

Diners Club and ICBC Ink New Franchise Agreement in China

Discover logo 140pxDiners Club, a business unit of Discover, and Industrial and Commercial Bank of China (ICBC), the largest credit card issuer in China, have announced plans to bring the first full Diners Club International franchise to China.
“As the world’s largest card market with 3.1 billion cards in circulation, China is critically important to us as we continue to expand our global footprint,” said Diane Offereins, EVP and President of Payment Services at Discover Financial Services. “ICBC’s well-respected brand, successful banking operations and significant influence in China make them an attractive partner for us, and we believe their customers will benefit from the international network and services that Diners Club provides.”

ICBC will be responsible for both developing the Diners Club brand in China and running an issuing and acquiring business.

August 08, 2012

Square and Starbucks Strike Strategic Partnership

Square logo 140pxSquare and Starbucks have announced "a broad innovative partnership to bring the best possible payment experience to both sides of the Starbucks counter." The key partnership terms include:
  • Starbucks will deploy Pay with Square in U.S. Starbucks stores this fall

  • Square will process Starbucks U.S. credit and debit card transactions

  • Starbucks will integrate the Square merchant directory to various Starbucks digital platforms, including the Starbucks Digital Network and eventually the Starbucks mobile payment application

  • Starbucks will invest $25 million in Square as part of the company’s Series D financing round

  • Starbucks chairman, president and CEO Howard Schultz will join Square’s Board of Directors

Federal Reserve Reports Consumer Credit for June 2012

FedThe US Federal Reserve has reported its latest G.19 Consumer Credit statistics - finding that "consumer credit increased at a seasonally adjusted annual rate of 5% in the second quarter. Revolving credit decreased at an annual rate of 0.5%, while nonrevolving credit increased 7.75%. In June, consumer credit increased at an annual rate of 3%."

August 06, 2012

Glenbrook Releases Payments Boot Camp Schedule

GP Logo Horizontal 140pxGlenbrook’s 2012 Fall Payments Boot Camps in New York and the San Francisco Bay Area are open for registration. Payments Boot Camps are being offered October 2-3 in Santa Clara, CA, October 24-25 in New York City, and December 4-5 in Santa Clara, CA.
Our popular Payments Boot Camp is a two day “deep dive” into the world of payments. Day One covers the basics: how payments systems work; the core systems (value chains, providers, and economic models); perspectives of key users and providers in the systems; and “What We’re Watching” – key trends and drivers of change. Day Two covers Emerging Payments, with new and updated content on Mobile Wallets (POS, cloud, P2P, NFC and more!) and Global Payments.
Agendas, testimonials, and logistics information is available on the Glenbrook Payments Essentials website.

Yodlee Interactive Powers FinTech Innovation With Leading Incubators

Yodlee logo 140pxYodlee announced that is partnering with entrepreneurs at top incubators and seed funds throughout the U.S. to provide Yodlee's patented Aggregation and Categorization Application Programming Interfaces (APIs).
"We've seen an overwhelming demand for the Yodlee platform across many vertical markets. Our goal is to make the platform available everywhere that value can be created. We've done so through our own programs, and by working with organizations including incubators and universities that stimulate innovation," said Joe Polverari, Chief Strategy and Development Officer at Yodlee and Managing Director of Yodlee Interactive. "We want to maximize distribution to those who innovate the fastest, and give the platform over to the wisdom of the crowd. When innovation occurs, consumers win."

Incubators that have teamed up with Yodlee Interactive include TechStars, MuckerLab, Y Combinator, and 500 Startups.

Bank of America Merchant Services to Deploy First Data OfferWise

First data logo 140x60pxFirst Data announced that Bank of America Merchant Services will offer the First Data OfferWise solution to all eligible merchants’ 650,000 U.S. locations through 2Go Media’s iDeals Marketing Platform.
“First Data continues to bring innovations to the marketplace that enable our industry partners to create a universal commerce experience for their customers,” said Dom Morea, SVP and division manager, Advanced Solutions and Innovation at First Data. “The OfferWise solution will allow Bank of America Merchant Services clients to leverage the most advanced card-linked redemption technology available today through the convenience of 2Go Media’s marketing platform and generate incentive programs tailored specifically for their business.”


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