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July 12, 2013

Headline News from PaymentsNews.com - July 12, 2013

On the web:

  • A European payments narrative - Tomorrow's Transactions - "In summary, then, the high-level European narrative? It is that disruption is coming, it is coming from the new players, enabled by a friendly regulatory environment, and the vector into the mass market will be retailers."
  • To Sell Stuff Online, Make It Easy to Buy in the Bathroom - Wired - "Thanks to the Apple iPad and other tablets, people are now shopping on the couch, in the bed, and in the kitchen, not to mention the most comfortable of “lean-back” environments: the bathroom."
  • Instant Bitcoin Purchases at Coinbase - Coinbase Blog - "There are only a few seconds between you and more Bitcoin."

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!

July 11, 2013

MCX Selects FIS as Processor for New Mobile Commerce Payments Network

Mcx logo 140x60pxMerchant Customer Exchange (MCX) has announced the selection of FIS to provide a suite of services as part of MCX bringing a new mobile commerce solution to the marketplace.

MCX said that:

"FIS will provide MCX with world-class payment processing, routing and settlement for mobile commerce transactions. FIS’ technology will seamlessly integrate with the mobile wallet software being developed for MCX by Gemalto. By leveraging FIS’ payments network infrastructure to authorize and execute transactions in real-time, MCX is dedicated to secure and instantaneous payments for their solution. MCX will offer consumers a personalized payment experience complete with offers, promotions, loyalty and other services."
In a separate FIS announcement, MCX said:
“When we were looking for a payments network partner, FIS was the standout choice,” said MCX’s Dodd Roberts. “FIS’ ability to deliver a payments network that meets MCX requirements, coupled with their depth of payments knowledge, experience and expertise embody what MCX will offer its customers – a cutting-edge, highly reliable, versatile mobile payments network platform.”
MCX also announced that Kohl’s Department Stores and Alimentation Couche-Tard Inc.’s U.S. convenience stores branded Circle K, are the latest merchants to join MCX. These two new additions follow earlier announcements that included Phillips 66, Southwest Airlines and Brinker International, Inc., among others joining MCX.

Braintree Offers Venmo Touch to Card Issuers, Mobile Banking Providers

Braintree logo 140pxBraintree has announced it will offer its Venmo Touch mobile checkout experience to card issuers and mobile banking providers. Braintree also announced that it is collaborating with Simple to give Simple's customers access to Venmo Touch. Braintree says this is its first collaboration to offer direct banking integration for Venmo Touch.

"Consumers are quickly moving to mobile as their primary computing device and they expect easy, mobile-optimized purchasing experiences," said Braintree CEO Bill Ready.

"Simple is defining what the future of banking will be in a mobile world. With Venmo Touch, Simple is ensuring that their customers will have access to the absolute easiest way to pay on mobile devices."

Braintree says it currently enables single-click purchasing for more than 40 million consumers across thousands of e-commerce sites and applications. The company handles more than $10 billion in payments annually, with more than $2 billion of that originating from mobile purchasing.

Headline News from PaymentsNews.com - July 11, 2013

On the web:

On the wires:

  • Coming Soon!

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!

July 10, 2013

A Look at How US Debit Card Issuers Are Coping with Reg II

Pulse has published a summary of its findings in its annual Debit Issuer StudyPulse logo 140px noting that most financial institutions it surveyed experienced continued growth in their debit businesses despite downward pressure on debit card interchange revenue as a result of Regulation II. Pulse noted that average interchange rates for regulated debit card issuers have declined by 59 percent for signature debit transactions (from $0.52 to $0.23, on average) and by 32 percent for PIN debit transactions (from $0.32 to $0.23, on average) compared with pre-Reg II levels. Smaller debit card issuers that are exempt from the reductions in interchange revenue "cited competitive dynamics as the cause of a decrease of $0.02 in their average interchange rates for both signature and PIN debit transactions."
“Issuers are more tepid in their outlook for debit. They still expect the industry to grow, just not as rapidly as in the past. In fact, this is the lowest growth projection for signature debit we’ve seen since the study began,” said Tony Hayes, a partner at Oliver Wyman who co-led the study.
In terms of transaction volumes, Pulse found that there was a 14 percent increase in PIN transactions on debit cards and a 6 percent increase in signature debit transactions.

July 09, 2013

Headline News from PaymentsNews.com - July 10, 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!

Headline News from PaymentsNews.com - July 9, 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!

July 08, 2013

Fed Reports Jump in Revolving Credit In May 2013

FedThe Federal Reserve's latest G.19 Consumer Credit report is out and it reports a 9.3 percent increase (annual rate) in revolving consumer credit - the first increase of this magnitude in several years. The amount of revolving credit outstanding in May was $856.5 billion, up from $849.9 billion in April.

Headline News from PaymentsNews.com - July 8, 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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