On the web:
- Here's A Heavy Dose Of Reality For New Mobile Payments Startup Clinkle - ReadWrite - "If Clinkle thinks it will be able to waltz in and put its software onto existing point-of-sale systems, it's taking its first steps on a very hard road."
- iZettle CEO Jacob de Geer: 'Mobile payments? They're about the experience' - Wired UK - "In Europe today, 20 million companies do not accept card payments."
- Bitcoin Exchange Makes Apparent Move to Play by U.S. Money-Laundering Rules - Wall St. Journal - "A company listed as Mt. Gox this week registered as a money services business with the Treasury Department's Financial Crimes Enforcement Network, according to FinCen's website."
- Paid via Card, Workers Feel Sting of Fees - New York Times - "The lack of regulation in the payroll card market, while alluring for some of the issuers, can potentially leave cardholders swimming in fees."
- Twenty Two Banks and One Secure Cloud - Pymnts.com (Karen Webster) - "Called “Secure Cloud,” this platform will tokenize cardholder data behind a bank’s firewall once a bank customer has registered her mobile wallet with that issuer."
- Whatever you think, Wonga is doing well - Financial Services Club Blog - "Wonga has written algorithms that determine whether you deserve to be given a loan in seconds, from looking at details about you and your behaviour, such as what email service provider you use and whether you have bothered to look at the company’s terms and conditions."
- Bitcoin gains believers despite risk the digital currency could bust - IndyStar - "Unlike traditional currencies issued by governments, Bitcoin has no central authority. It relies on an open-source software platform that runs on a peer-to-peer network of computers worldwide."
- The Forgotten Check - Portals and Rails - "Despite physical security enhancements such as watermarks and holographs and services such as positive pay to detect unauthorized checks, the low-technology aspects of the paper check make it an appealing target to the less-sophisticated criminal."
On the wires:
- Intuit Announces Next Phase of Structural Moves; Organizational Foundation Now in Place - "The divestiture of Intuit Financial Services reflects Intuit’s strong commitment to intensify its focus on small business and consumer tax. As a result, the company signed a definitive agreement to sell IFS to Thoma Bravo for $1.025 billion, pending regulatory review."
- Thoma Bravo to Acquire Intuit’s Financial Services Business - "Thoma Bravo’s acquisition of IFS is consistent with our strategy of buying great technology franchises with significant recurring revenue,” said Orlando Bravo, managing partner at Thoma Bravo."
- TSYS Completes Acquisition of NetSpend - "This is a transformational day for everyone at TSYS and NetSpend, as this deal brings together two companies with a shared vision and purpose that focuses on meeting the needs of people. It also takes TSYS closer to the consumer than we have ever been before..."
Upcoming from Glenbrook:
- Summer Camp! - A special summer session of our popular Payments Boot Camp - in Half Moon Bay on August 6th and 7th... Also, an optional half day course on Data In Payments - August 8th, also in Half Moon Bay. Join Carol, Scott and Russ for lively, interactive sessions - register now!
- Follow Glenbrook Partners on LinkedIn! -