Payments News from Glenbrook Partners
Glenbrook   Book   Education   Views   Archives   Store   Advertise   About         SUBSCRIBE:

« September 1, 2013 - September 7, 2013 | Main | September 15, 2013 - September 21, 2013 »

September 12, 2013

Headline News from PaymentsNews.com - September 12, 2013

On the web:

On the wires:

Updates from Glenbrook:

  • Join us for our new series of Glenbrook Payments Boot Camps coming this October - 8th/9th in the San Francisco Bay Area and 23rd/24th in New York City!
  • Glenbrook's Allen Weinberg and Erin McCune will be at Money2020 in Las Vegas October 6-10 - please reach out to them directly to catch up in person or set up a briefing at the conference. Erin will be moderating an Invoicing, Billing & Collections panel with Bill.com CEO Rene Lacerte, Billtrust CEO Flint Lane and Billhighway Chairman Vince Thomas.
  • Glenbrook's Elizabeth McQuerry will be speaking at this year's NACHA Global Payments Forum on October 17-18 in New York City. She'll be speaking on the topic "Mobile Payments, Interoperability & Faster Funds Transfer".
  • Glenbrook's Carol Coye Benson will be speaking at this year's American Bankers Association Annual Convention on October 20-22 in New Orleans. She'll be participating in a panel discussion on The Future of the Payments Industry.
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

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!

September 11, 2013

MasterCard Holds Investment Community Meeting

MasterCard logo 140pxMasterCard earlier today held one of its periodic Investment Community meetings. A copy of the slides and the webcast are available on the MasterCard web site.

Fed Kicks Off New Look at Improving the US Payment System

FedThe Federal Reserve Banks have announced publication of “Payment System Improvement – Public Consultation Paper” - a document whose purpose is "to share Federal Reserve perspectives on the key gaps and opportunities in the U.S. payment system and identify the desired outcomes that close these gaps and capture these opportunities.”

The Federal Reserve said it has recently conducted an analysis of the payment environment to understand "opportunities for improvement consistent with our vision of a safe, efficient and accessible U.S. payment system from endto-end. Some of these recurring themes centered around faster payments, closed payment communities, obstacles in international payments, the mobile technology revolution and lack of contemporary features in traditional payment channels."

The Fed is seeking input on these themes - visit the web site: FedPaymentsImprovement.org to share yours. Consultation paper responses may be submitted until December 13, 2013. All written responses will be made public and may be viewed on the Fed's website.

Headline News from PaymentsNews.com - September 11, 2013

On the web:

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!

September 10, 2013

clearXchange Names Michael Kennedy Chief Executive Officer

ClearXchange logo 140pxclearXchange, the joint venture of Bank of America, Wells Fargo and JPMorgan Chase, has announced the naming of Michael Kennedy as chief executive officer.

Kennedy co-founded and served as chairman of clearXchange while working as executive vice president and head of Innovation and Payments Strategy for Wells Fargo Bank. clearXchange says that Kennedy will now devote 100 percent of his time to leading clearXchange and will be based in San Francisco.

Paydiant Announces Closing an Additional $15 Million in Funding

Paydiant logo 140pxMobile payments player Paydiant has announced closing a new $15 million financing round. According to one of the earlier investors in Paydiant:

One of Paydiant’s Fortune 500 customers decided to pre-emptively initiate this financing because they believe that Paydiant's white-label, open mobile wallet platform and market positioning best serves the needs of the largest financial institutions retailers, and their customers.” said Jim Moran, partner at North Bridge Venture Partners.
Paydiant says that "unlike other mobile wallet solutions that require consumers to buy new phones or retailers to invest in costly new point-of-sale (POS) infrastructure, Paydiant’s white label platform works with existing smartphones, POS systems, and payment terminals, including entry-level countertop devices."

Headline News from PaymentsNews.com - September 10, 2013

On the web:

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!

September 09, 2013

PayPal Introduces PayPal Beacon

PayPal logo 140x60pxIn a live presentation this afternoon at TechCrunch Disrupt in San Francisco, PayPal's Hill Ferguson announced PayPal Beacon, a new Bluetooth Low Energy token to facilitate hands-free payments in-store. In an FAQ, PayPal describes Beacon a bit more:

With one vibration or sound on your phone, you’ll know you’re checked in. And when you’re ready to make a purchase, all you have to do is say you’re paying with PayPal and the transaction is automatically completed: no cash, cards, taps, or signatures required—all hands free.

PayPal Beacon will connect consumers to enhanced shopping experiences such as automatically ordering your favorite dish at your usual lunch spot, or getting personalized service at your favorite clothing store. In addition, you can choose to accept messages from stores that you walk into, so that you can take advantage of special offers in the produce aisle.

PayPal says it expects that PayPal Beacon devices will be generally available for merchants to purchase by early next year. In today's announcement, PayPal didn't provide any pricing details for consumers.

Fed Finds Revolving Credit in US Shrinks at -2.5% Annual Rate in July

FedThe Federal Reserve's latest G.19 Consumer Credit report is out today and finds that revolving credit in the US was down at an annual rate of 2.5% in July after having increased in several months earlier this year. July's decline follows a 5.2% decline in revolving credit in June.

Headline News from PaymentsNews.com - September 9, 2013

On the web:

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!

Sponsors

News View

Payments Consultants

Subscribe

Languages