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« June 9, 2013 - June 15, 2013 | Main | June 23, 2013 - June 29, 2013 »

June 21, 2013

A Look at State Money Transmitter Laws

RegBlog at the University of Pennsylvania posts about a recent paper by Kevin Tu, an assistant professor at the University of New Mexico School of Law, titled "From Bike Messengers to App Stores: Regulating the New Cashless World". In the paper, Tu argues that Internet and mobile payment organizations face considerable uncertainty about whether they are subject to state money transmitter laws.

In the absence of clear guidance, a number of services that accept customer payments on behalf of merchants in connection with the sale of the merchant’s goods and services have struggled with the question of whether their unique business models are subject to regulation."
Tu goes on to "call on state regulators and legislators to examine state money transmitter laws and clarify their applicability to Internet and mobile payment systems."

Headline News from PaymentsNews.com - June 21, 2013

On the web:

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!
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Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Find something interesting to share? Tell us about it: gotnews@paymentsnews.com!

June 20, 2013

Headline News from PaymentsNews.com - June 20, 2013

On the web:

On the wires:

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! -

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Find something interesting to share? Tell us about it: gotnews@paymentsnews.com!

June 19, 2013

PayPal Finds Faster Mobile Check-outs Mean More Sales for Merchants

PayPal logo 140x60pxIn a blog post today, PayPal's Todd Martin writes about a recent mobile study conducted with four large merchants across consumer packaged goods, electronics, and the footwear/apparel verticals that found that "simply adding a PayPal button on a product page – versus only at checkout – could help mobile shoppers check out faster and lead to a significant increase in sales for merchants."

Headline News from PaymentsNews.com - June 19, 2013

On the web:

On the wires:

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! -

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Find something interesting to share? Tell us about it: gotnews@paymentsnews.com!

June 18, 2013

UK Payments Council Launches Payments Roadmap Effort

UK payments road mapThe UK Payments Council has published its first ever Payments Roadmap – An Initial Report (PDF) - saying that it "spells out the Payments Council’s revolutionary approach towards assessing the options for building on the world leading payment services currently used by UK customers."

Adrian Kamellard, Chief Executive of the Payments Council said:

“Demands on our payments infrastructure have changed massively over the past two decades, and whilst our infrastructure continues to serve us well with technological innovation happening apace, it makes sense to take a step back and consider options in a systematic way.

“The Payments Roadmap will put the needs of those who make and receive payments before those who process them - whilst of course maintaining a strong emphasis on system resilience and performance.”

Headline News from PaymentsNews.com - June 18, 2013

On the web:

On the wires:

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! -

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Find something interesting to share? Tell us about it: gotnews@paymentsnews.com!

June 17, 2013

So Where Does NFC Fit into Mobile Payments?

On a slow news day today in the world of payments, we noticed an interesting juxtaposition between a commentary titled "Back in the real world (well, West London)" that Consult Hyperion's Dave Birch posted about paying with PayPal at The Farmery frozen yoghurt shop in West London and an article by PayPal's CEO David Marcus on Huffington Post titled "So Long Cash Register, Hello Innovation".

Dave told the story about paying for for his yoghurt purchase using PayPal on his iPhone linking to The Farmery's PayPal Here app on their iPhone. Dave went on to say that "PayPal have made a real effort to produce a slick customer experience, and it makes you wish that other more conventional players in the retail payment world would do the same. There seems to be an attention to detail in what guys like this do, to be honest."

Dave is then compelled to ask: "Is it better than NFC?" He answers: "Yes it is better than NFC is, but it's not better than NFC could be." He goes on to describe how that better NFC experience might work: "Instead of opening my PayPal application, finding the shop and checking in, I could have just tapped the phone on the PayPal Here logo and had all three steps done for me." But, alas, it doesn't work that way today - in spite of "years of work and hundreds of millions in investment."

Meanwhile, PayPal's Marcus describes another version of the future - one that "can easily and cost-effectively transform a legacy cash register into an interactive point of sale solution that makes it easier to operate a business and adds to a truly enjoyable consumer experience rather than a mundane transaction."

Where do you think NFC fits into mobile payments? Feel free to add your comment below.

Headline News from PaymentsNews.com - June 17, 2013

On Twitter:

On the web:

On the wires:

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! -

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Find something interesting to share? Tell us about it: gotnews@paymentsnews.com!

June 16, 2013

Bitcoin, the Two-and-a-Half Party Model, and New Payment Rails

PaymentsViews logo 140pxLast week, Glenbrook's George Peabody took a look at Bitcoin as a store of value in his PaymentsViews.com article "Considering Bitcoin’s Role in Value Transfer".

In a new article just published on PaymentsViews.com - "Bitcoin, the Two-and-a-Half Party Model, and New Payment Rails" - George looks at the potential for Bitcoin and other math-based currencies to become a new set of payment rails - with their promise of a simpler cash-like push payment.

George welcomes your comments - either via email to him: george@glenbrook.com or by posting a comment on the article's page on PaymentsViews.com.

Note: The potential implications of Bitcoin and math-based currencies on payments are among the topics we'll be covering in more depth at our Glenbrook Payments Summer Boot Camp coming up on August 6-7 in Half Moon Bay.

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