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August 16, 2013

Last call for the Bitcoin Survey

GP Logo Horizontal 140pxLet us know what you think. Join the hundreds of other payments industry professionals who have responded to the Bitcoin and Payments Survey.

We've all learned that Bitcoin and other virtual currencies have gained plenty of attention from the financial press, the blogosphere, the tech press, national media, and a long list of entrepreneurs, angel and VC investors. What we haven't learned is what the payments industry itself thinks. That's what the survey is about. It will take just 5 or 10 minutes.

By way of thanks, we will also send you our ebook "Bitcoin and math-based virtual currencies, Some initial thoughts..."

If you'd like to learn more about digital currencies, join Glenbrook Partners and the industry's best thinkers to explore the world of payments at ATM, Debit & Prepaid Forum. Payments News readers receive $200 off registration with promo code PN200.

Headline News from PaymentsNews.com - August 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. Find something interesting to share? Tell us about it: gotnews@paymentsnews.com!

August 15, 2013

Headline News from PaymentsNews.com - August 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. Find something interesting to share? Tell us about it: gotnews@paymentsnews.com!

August 14, 2013

Groupon Adds POS Terminal Support to Payments Offerings

Groupon logo 140x60pxGroupon has announced the addition of credit card terminals to the company’s existing payments suite for local businesses. Local businesses will have three options to implement Groupon’s payments service on a credit card terminal: configure an existing Verifone and Ingenico device; purchase a Verifone vx520 from Groupon for $150 (with no monthly contract or fees); or rent a Verifone vx520 to own for $15 per month (for 12 months).

“While merchants are attracted to the easy signup, low and transparent pricing and powerful analytics provided by our payments service, not all merchants are ready to immediately adopt an iPad or iPhone for their credit card processing needs,” said Sean Harper, director of product, Groupon.

“We anticipate that most merchants will eventually migrate their payments to tablet and mobile POS systems, but for now, this option lets them use familiar hardware and still benefit from the features of our payments service to save money and better manage their businesses.”

Headline News from PaymentsNews.com - August 14, 2013

On the web:

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Updates from Glenbrook:

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!

August 13, 2013

Chase Checkout Introduced by Chase Paymentech

ChasePaymentech logo 140pxChase Paymentech has announced the launch of “Chase Checkout” – a set of solutions to help merchants accept payments however they do business: in store, online or on the go. Merchants can now securely and efficiently accept card payments from their smartphones with the new Chase Mobile Checkout app for Apple iOS or Android and an encrypted card reader.

“We are always looking for ways to help merchants grow their businesses and Chase Checkout does just this by enabling clients to accept payments however they operate,” said Dan Charron, president of Chase Paymentech.

“Chase Checkout is a ‘one-stop shop’ for small-business owners: one agreement, one system, one statement and one trusted merchant services’ relationship to manage.”

Chase says that Checkout gives merchants the convenience of working with one trusted provider – with integrated reporting, 24/7 live U.S.-based customer support and a commitment to security– when they accept payments via:
  • Mobile Checkout: When merchants accept mobile payments with Chase Paymentech, they can process credit and signature debit card payments and gift card transactions in any location within the United States. Merchants have transaction level access to monitor and process voids and returns from their smartphones. Merchants can view sales and transaction summaries from the Mobile Checkout app after the payments have been processed. Additionally, they can create a catalog of item descriptions and images and email or text digital receipts. The use of signature capture and the location of the point of sale on the digital receipt helps minimize fraud and chargebacks. Finally, merchants’ customer data is protected in transit with point-to-point encryption.
  • Retail Checkout: In retail settings, Chase Paymentech’s Future Proof Terminal helps merchants accept both traditional and emerging forms of payment such as EMV (Europay, Mastercard and Visa) chip-enabled cards, NFC-enabled (near field communications) mobile wallets and other contactless payments. Also, through iTerminal®, businesses and professional service firms such as accounting, law and medical, can use their existing computers to accept payments, helping them save on traditional start-up equipment costs.
  • Online Checkout: Chase Paymentech offers e-commerce merchants, and merchants who accept telephone orders, a suite of PCI-compliant and easy-to-use web-based payment processing options accessible with a merchant’s existing computer. These options require no additional hardware and integrate seamlessly with merchants’ shopping cart functionality, catalog creation and inventory management.

Chase says that its Mobile Checkout card reader is "battle-tested for real-world use. The device, which fits securely in the audio port of Apple and Android-enabled smartphones, features the recognizable Chase octagon and includes a rechargeable lithium ion battery so it does not drain the smartphone’s power supply. Having an integrated battery also increases the likelihood of positive card reads on the first swipe, and since hardware encryption is performed in the device, personal information is not stored within the smartphone."

Headline News from PaymentsNews.com - August 13, 2013

On the web:

  • Congress starts looking into Bitcoin - Politico - "The Senate Homeland Security and Government Affairs Committee on Monday sent letters to several agencies..."
  • A Blunder at the Money Factory - New Yorker - "The New Yorker has learned that another production snafu has taken place at one of the country’s two currency factories, according to a document from the Bureau of Engraving and Printing."
  • Visa Global Travel Intentions Study - Visa Blog - "Americans are thirsting for culture, connected online and ready to spend 40 percent more on their next international trip."

On the wires:

Updates from Glenbrook:

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!

August 12, 2013

Headline News from PaymentsNews.com - August 12, 2013

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Updates from Glenbrook:

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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