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June 28, 2013

Headline News from PaymentsNews.com - June 28, 2013

On the web:

  • India: Reserve Bank of India red flags 'virtual currency' - The Times of India - "Virtual currency schemes are different from electronic money schemes as the virtual currency being used as the unit of account has no physical counterpart with legal tender status."
  • Bitcoin: Are we looking at a revolution? - VentureBeat - "This is a sophisticated financial technology that has the potential to dramatically change the way we think about currency, remittance, fraud, and transactions."

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 27, 2013

Does PayPal Need a Bitcoin Strategy?

PaymentsViews logo 140pxOver on PaymentsViews.com, Glenbrook's Russ Jones share his thoughts on who needs a Bitcoin strategy - and, specifically, does PayPal need one?

MasterCard Introduces Simplify Commerce for US Merchants, Developers

MasterCard Logo 60pxhMasterCard has announced Simplify Commerce - calling it a "developer-friendly solution that gives merchants the power to accept electronic payments, which can lead to additional revenue and a larger customer base."

“As a technology company with a strong history of payments experience, MasterCard is always looking for ways to empower merchants to grow their businesses. We recognize the value that electronic payments bring to merchants, both large and small,” says Garry Lyons, Chief Innovation Officer for MasterCard.

“By offering straightforward integration tools to developers and streamlining the process for businesses to get a merchant account, Simplify Commerce makes it easy for merchants to deliver online and mobile payments experiences to their customers.”

Simplify Commerce offers APIs and SDKs in a variety of programming languages along with sample source code and engineering support at www.simplify.com and has a blog at http://blog.simplify.com. Simplify Commerce supports MasterCard, Visa, American Express, Diners Club and JCB acceptance. Fees are 2.85% plus 30 cents/transaction.

Introducing Clinkle

Clinkle 140pxExpressing his frustration with the world of payments, Clinkle founder and CEO Lucas Duplan announces the birth of Clinkle on the company's new blog:
The exchange of value is one of humanity’s most important inventions. But somehow, the way in which we transact hasn’t significantly changed in decades. Instead, it’s stood idle during the invention of the PC, the Internet, and the smartphone. In fact, most people around the world still rely on the same technology humans used centuries ago: paper and coins.
Duplan also includes his announcement of Clinkle closing a $25 million seed round "from an all-star cast of investors: Accel Partners, Andreessen Horowitz, Intel Capital, and Intuit Inc." and an illustrious group of individual investors. The company's press release announcing the financing is here.

Headline News from PaymentsNews.com - June 27, 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 26, 2013

Square Introduces Square Market for Online Sales

Square logo 140pxSquare has introduced Square Market, a new online ecommerce marketplace for Square merchants to sell online. According to Square's description of Market, sellers are not charged a monthly, listing or setup fee for their online store in Square Market - just 2.75% per online sale. Items listed by Square merchants sync across their Square Register app and their online store.

The Wall St. Journal quotes CEO Jack Dorsey: "There's a blurring of the lines between offline and online commerce. "This is the next obvious step for us."

In an article titled "Square’s New Online Stores Could Make Twitter Where You Shop", Wired.com's Marcus Wohlsen writes "Square Market ... isn’t so much a destination—though Square does hope it will become one—but a platform-agnostic backend for social selling."

Headline News from PaymentsNews.com - June 26, 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 25, 2013

Visa EU: How to Profit from Next Generation Payments

Visa Europe has published a new white paper titled "How to profit from next generation payments - Lessons from the music businessVisa logo 60pxh" (PDF).

Peter Ayliffe, CEO of Visa Europe, comments:

Payments are now being impacted by the shift to digital in the same way the music industry was at the end of the 20th century. However, we can take a more direct road to a much better destination – a destination that will add value to all customers.

To do so, we need to:

  • positively embrace and lead the change;
  • build a new, open eco-system with new partners;
  • innovate to create value be securing new, more diversified, more sustainable revenue streams and a broader customer relationship.
The report begins: "Visa Europe is in the data business. When a Visa payment is made, all that is exchanged is data." Indeed.

Headline News from PaymentsNews.com - June 25, 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 24, 2013

Headline News from PaymentsNews.com - June 24, 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!

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