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« May 5, 2013 - May 11, 2013 | Main | May 19, 2013 - May 25, 2013 »

May 17, 2013

Chart of the Week - Apple iTunes Accounts

Last week, we looked at the history of counterfeit card fraud in Canada on Interac cards.

This week's chart of the week shows the growth in Apple iTunes accounts (with payment cards on file) over the last five years. Over that period, the number of accounts grew by an order of magnitude - from 50 million to over 500 million (as reported by Apple in March).

Horace Dediu, an analyst who follows Apple closely, has done a deep dive into Apple's iTunes business - with some fascinating results including that iTunes users purchase content and services at the rate of about $40 per year - resulting in a $16 billion annual run rate for that business. He also notes that the revenue growth rate has averaged 29 per quarter for more than six years.

Apple iTunes Accounts

Headline News - May 17, 2013

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

May 16, 2013

MasterCard Expands MasterPass Merchant Acceptance

MasterCard logo 140pxOver on MasterCard's Cashless Conversations blog, Ken Moy writes about the recent additions of BK Delivers, LivingSocial and Rakuten.com to the list of merchants now accepting MasterPass. He continues:
We see MasterPass as the future of digital payments — allowing you to shop and make a payment on your phone, tablet, PC or in a store with one simple experience. This future is a reality now with MasterPass live in Australia, Canada and the U.S."
MasterPass was announced by MasterCard last February.

Headline News - May 16, 2013

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

May 15, 2013

Google Adds Send Money to Gmail based on Google Wallet

Google logo 140pxGoogle has announced it will be adding a send money feature to Gmail "over the coming months" which will utilize payment information stored in the user's Google Wallet account.

The implementation in the Gmail browser adds an "Attach money" icon to the Gmail toolbar which is used to add the money to the email as it is being composed.

Google said that "it's free to send money if your bank account is linked to Google Wallet or using your Google Wallet balance, and low fees apply to send money using your linked credit or debit card." Google said the new feature will eventually be available to all U.S. Gmail users over 18 years old.

Headline News - May 15, 2013

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

May 14, 2013

Thinking Big: What Could Change Our Industry?

GP Logo Horizontal 140pxIn a new article on PaymentsViews.com, Glenbrook's Carol Coye Benson takes a step outside the box and shares some of her thoughts about "big actions that industry incumbents could take to strengthen their positions and the U.S. payments industry." Be sure to check out some of her thoughts - and share your comments!

Live Blogging Finovate Spring 2013 San Francisco

PaymentsViews logo 140pxGlenbrook's Erin McCune is attending the Finovate Spring 2013 conference being held today and tomorrow in San Francisco. She's live blogging from the conference on PaymentsViews.com and also actively tweeting her comments on Twitter.

It's Cash Register Day in the New World of POS!

A couple of interesting announcements were made today in the world of point-of-sale and next generation "cash registers":

  • PayPal logo 140x60pxPayPal introduced a new "Cash for Registers" program - including offering "free credit, debit card, check, and of course PayPal processing for the remainder of the year to any qualifying U.S business turning in their dusty old cash register in exchange for a modern solution like PayPal Here (iPad, card reader, iPad stand, cash drawer, and printer)."

    See PayPal's David Marcus' blog post about the new program.

    Here's a TechCrunch story on the program.

  • Square logo 140pxSquare has announced Square Stand, calling it "beautiful new hardware for brick and mortar businesses that turns an iPad into a complete point of sale." Square Stand includes an integrated card reader that keeps information secure from swipe to payment, and easily connects to the hardware accessories businesses need, including a receipt printer, kitchen printer, cash drawer, and barcode scanner.

    Here's a TechCrunch story on Square Stand.

    Also, see this Fortune interview with Square CEO Jack Dorsey and Jesse Dorogusker, a former Apple exec who led the development of Stand: "A bamboo stand can be very beautiful and there's a lot of great craftwork out there, but it doesn't have the intelligence of this system."

  • Groupon logo 140x60pxGroupOn also introduced "Breadcrumb POS, a free, easy to use, and reliable iPad point of sale that will blow your cash register away. It offers the functionality that cafés, health and beauty businesses and shop owners need." The company also said that "as of today we’re throwing in free processing on the first $5,000 in credit card transactions."

Headline News - May 14, 2013

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

May 13, 2013

Visa Enhances Visa Offers Platform

Visa logo 60pxhVisa Inc. has announced enhancements to its Visa Offers platform that delivers targeted rewards to Visa cardholders.

Visa says that "the enhanced service has the potential to eliminate paper coupons, allowing consumers, who opt in, to earn points and discounts as well as redeem special offers instantly at checkout by simply using their enrolled Visa card."

Smarter commerce means having the right offer, delivered to the right customer at the right time,” said Jim McCarthy, global head of Products, Visa Inc. “Visa’s new real-time point-of-sale redemption platform is a great example of Visa’s ability to apply its processing and technology expertise to simplify the use of offers and discounts, bringing benefits to merchants, acquirers, issuers and consumers.”
The new enhancements include:
  • Fully Customizable Offer Content - Retailers and financial institutions can deliver offers that are tailored to individual customers, through email, web and mobile.
  • Real-Time Offer Relevancy - The platform also provides retailers and issuers data insights and analytics to measure the point-of-sale redemption rate, allowing them to create customized and more relevant offers.
  • Consumer Loyalty Qualification - Retailers and issuers can use real-time messaging capabilities to identify and uniquely reward loyal customers.
  • Multiple Redemption Options - Support for real-time redemption of offers and rewards at the point-of-sale - complementing the existing statement credit capability.
  • Support for Multiple Offers Programs - Supports both Visa-specific and third-party offer programs.
Visa has established agreements to source discounts from leading retailers and can manage the Visa Offers platform on behalf of retailers, acquirers, and issuers, from enrollment to offer delivery to redemption options.

Headline News - May 13, 2013

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

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