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« September 29, 2013 - October 5, 2013 | Main | October 13, 2013 - October 19, 2013 »

October 11, 2013

Heartland, Tabbedout Partner for Mobile Payments

HeartlandPayments logo 140pxTabbedout logo 140pxHeartland Payment Systems and Tabbedout have announced a strategic partnership to deliver an integrated mobile payment solution designed specifically for restaurant and bar operators.

The companies say that their joint solution "eliminates the tedious process of serving physical checks to each patron and tab management while also enhancing the customer experience by enabling consumers to access their checks and securely check out on demand."

As a merchant advocate, it is Heartland’s duty to evaluate all advances in technology as we innovate and empower our customers to take full advantage of feature-rich solutions tailored for their specific business needs that also create engaging experiences for their patrons,” said David Gilbert, Heartland’s president – hospitality group.

“Built exclusively for the hospitality industry, Tabbedout’s ability to simplify front-of-house management and communicate directly with consumers in a meaningful way, all while facilitating a seamless, enjoyable customer experience, can change the way restaurants and bars do business. When combined with Heartland’s leading-edge technology, the combination becomes more powerful.”

The Heartland-Tabbedout solution is being rolled out this fall in several major cities, including Austin, TX; Dallas, TX; Houston, TX; New York, NY; and New Orleans, LA.

Heartland recently announced a strategic partnership with Leaf, an open commerce platform that enables integrated commerce solutions and gives merchants the ability to choose the business tools that best fit their needs. Tabbedout will soon be available through the LeafAppstore for use on the LeafPresenter, a tablet specifically designed for commerce.

Headline News from PaymentsNews.com - October 11, 2013

On Twitter:

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!

October 10, 2013

MasterCard Joins FIDO Alliance

MasterCard logo 140pxMasterCard has announced that it has joined the FIDO (Fast IDentity Online) Alliance, an industry consortium "revolutionizing online authentication with the first standards-based specifications" and has been appointed to the FIDO Board of Directors.

Open FIDO specifications will support a full range of authentication technologies, including biometrics such as fingerprint and iris scanners, voice and facial recognition, as well as existing solutions and communications standards, such as Trusted Platform Modules, USB Security Tokens, Smart Cards and NFC.

“As consumers continue to interact across smarter devices and new technologies beyond the traditional plastic card, we’re committed to continue to deliver simpler, better and more secure payment experiences,” said Ed McLaughlin, chief emerging payments officer, MasterCard. “We believe our involvement with the FIDO Alliance, as well as other activities across the industry, will help deliver strong security for consumers, merchants and issuers without impacting the consumer buying experience.”
FIDO members commit to share technology and collaborate to deliver open specifications for universal strong authentication that enables FIDO-compliant authentication methods to be interoperable, more secure and private, and easier to use.

MasterCard to Acquire Turkish Payment Solutions Provider Provus

MasterCard logo 140pxMasterCard has announced that it has entered into an agreement to acquire Provus Bilişim Hizmetleri A. Ş. (“Provus”), an independent payment solution and processing provider in Turkey.

MasterCard says the acquisition will build on its "strategy of increasing its processing presence in high-growth markets and deliver superior processing solutions and innovative value added services for both financial institutions and customers in the emerging prepaid and mobile payments space."

Founded in 2001 and headquartered in Istanbul, Provus’s customer base includes financial institutions, telecommunication service providers and retailers. Provus’s payments solutions business includes issuer and acquirer processing, prepaid solutions and ATM processing services.

Commenting on the acquisition, Javier Perez, President MasterCard Europe said:

“The acquisition of Provus enables MasterCard to continue developing innovative solutions to add value to our customers, and increases our processing presence in Europe. Turkey continues to be a very exciting and growing market and this acquisition provides an important platform that will enable us to not only serve customers locally but also to continue to deliver innovative payment solutions across the region.”
The transaction, which is subject to regulatory approval, is anticipated to close in the fourth quarter of 2013.

Headline News from PaymentsNews.com - October 10, 2013

On the web:

  • The High Cost, for the Poor, of Using a Bank - The New Yorker (Lisa Servon) - "The answer was surprising: it turns out banks are often costlier for the poor than check cashers and other alternative services."
  • The mathematician's defense of Bitcoin: It's just another option - PBS Newshour - "And this is so incredible because for the first time in history, every transaction made with Bitcoin is known. The block chain is like a global ledger. If you buy something today with Bitcoin, for the rest of time, as long as the Bitcoin network is supported, that transaction is going to be known and archived."
  • Consumers Rack up $1 Billion in Online Spend Per Day, on 188 Days in 2013 - Visa Viewpoints Blog - "eCommerce sales on the Visa network* have surpassed $1 billion a day for 188 days in the first nine months of the year, demonstrating that billion-dollar eCommerce days have become the norm rather than the exception."
  • NFC On Hold or a Go?: Onsite at Money2020 - Credit Union Times - "When asked what the chances that NFC (Near Field Communication) will ultimately prevail as the standard for mobile payments, he scored it a 5, 5 standing for a dead-on certainty."
  • Nordstrom Finds Cash Register Skimmers - Krebs on Security - "The fraud devices in this case resemble small keyloggers that are sold by dozens of stores for approximately $30 to $40 apiece."
  • Pals in Palo Alto - Tomorrow's Transactions Blog - "I'd said at the beginning of the day that we run the Unconferences to get new ideas, and that the best way to get new ideas was to give your ideas away for free."

On the wires:

Updates from Glenbrook:

  • Looking for consulting help from Glenbrook? Let us know your needs here - and we'll get right back to you!
  • Join us for our new series of Glenbrook Payments Boot Camps October 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!

October 09, 2013

Jumio Introduces Port - A Device-based Mobile Wallet

JumioJumio has announced the launch of Jumio PORT - calling it "a new secure embedded wallet infrastructure designed to integrate with mobile OS utilities such as Apple Passbook, and the recently-launched Samsung Wallet."

With PORT, consumers can easily make one-click purchases and transactions requiring identity verification, without having to download a standalone wallet app, as is the case with most digital wallet offerings today.

"Unlike today's digital wallets that function solely for mobile payments, and require consumers to download individual merchant apps, PORT enables efficient transactions in both digital and real world environments, mirroring the full functionality of a traditional wallet," says Jumio CEO Daniel Mattes.

"The current absence of a comprehensive device-based wallet offering that is securely integrated into the merchant apps, at the point of transaction, is what has hindered mobile wallets from reaching the critical tipping point."

PORT builds upon the utility of Jumio's Netswipe and Netverify products, leveraged today by leading online and mobile merchants to enable frictionless credit card and ID scanning and validation for seven types of credit cards and IDs issued by more than 90 countries. PORT will be available to merchants in late Q1 of 2014.

For more information, go to www.jumio.com/port

Headline News from PaymentsNews.com - October 9, 2013

On the web:

On the wires:

Updates from Glenbrook:

  • Looking for consulting help from Glenbrook? Let us know your needs here - and we'll get right back to you!
  • Join us for our new series of Glenbrook Payments Boot Camps October 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!

October 08, 2013

Amazon Introduces "Login and Pay with Amazon"

Amazon logo 140pxAmazon has announced a new service that streamlines how customers transact with online merchants. Login and Pay with Amazon allows participating companies to empower customers to go from browsing to buying in just a few clicks using their Amazon account information.

“Amazon has more than 215 million active customer accounts,” said Tom Taylor, Vice President, Amazon Payments.

“Login and Pay with Amazon enables companies to make millions of our customers their customers by inviting online shoppers with Amazon credentials to access their account information safely and securely with a single login.”

Login and Pay with Amazon helps replace guest checkouts with recognized customers, leading to improved services which could include: managing and tracking orders, purchase history detail, special discounts, instant access to shipping addresses and payment methods.

Early Warning, Payfone Partner for Mobile Authentication Services

Early warning logo 140pxIn a press release this morning, Early Warning says that it "has taken steps to dramatically advance the state of mobile authentication technologies.

Through an equity investment and commercial agreement with Payfone, a leading mobile authentication company, Early Warning will now provide carrier-based device and account owner identity authentication combined with unrivaled financial transaction and identity data, ensuring a secure and seamless mobile experience for financial services customers. ... Through the services to be offered by Early Warning, financial institutions and payment processors gain a higher level of identity and device confidence to more assuredly authorize mobile transactions and protect carrier subscribers."

Paul Finch, CEO of Early Warning, said:

“The current authentication system must do more to protect the consumer and the global financial system as mobile has become a critical channel for banking and commerce. Passwords, knowledge-based questions and even device-centric security are insufficient protection from malware and identity-related breaches. The traditional convenience versus security trade-off has reached its limit. Now, through real-time integration with mobile carriers via Payfone, Early Warning provides an entirely new level of mobile security while delivering a streamlined mobile experience.”
By integrating with the network-based authentication capabilities of tier one mobile carriers via Payfone, Early Warning will provide a deterministic level of mobile identity that it says "far surpasses traditional and device-centric authentication measures." By leveraging the same SIM card-based network authentication that mobile operators use to secure their own services, Early Warning can verify account logins and financial transactions with more precision and convenience. Furthermore, common events such as managing lost and stolen phones, changing mobile carriers and porting phone numbers are managed in real-time without involvement from the consumer.

“The Internet has no identity infrastructure in its plumbing, while the mobile carriers authenticate identity in real-time for billions of consumers based on global GSMA and CDMA standards. Payfone brings this deep network-based identity authentication that effectively underwrites more than $300 billion in telecom services annually to financial institutions. It was only a matter of time that these two worlds converged,” said Payfone CEO Rodger Desai.

PayPal Introduces Payment Code for POS Purchasing

PayPal logo 140x60pxIn a blog post this morning, PayPal's Don Kingsborough, VP of Retail Services, introduced "payment code" - calling it "yet another innovation that’s part of our payments roadmap."

"This new technology will enable you to make purchases by scanning a QR code on your mobile phone, or receive a short four-digit code on your phone, to complete a purchase," said Kingsborough.

"Payment code is an extension of our offerings for enhancing the payments experience in-store. Our approach isn’t to push technology for technology’s sake, but to truly make the paying experience better for consumers and to give merchants more opportunity to innovate without a costly investment. Payment code is easy to use and understand and utilizes a ubiquitous technology that merchants have and are familiar with."

Here's how PayPal says it works:

When you’re ready to pay, simply open the PayPal app (or the specific merchant’s app.) and check in. Once you’re checked-in at that location, the app prompts you with a QR code, or a four-digit short code, to authenticate your purchase.

If the merchant has a barcode or QR code scanner, the merchant scans and, just like that, you have paid. If the merchant doesn’t then a four-digit code pops up on your phone, you (or the merchant) simply punch that code into the PIN pad at checkout. Boom, done!

PayPal says that the real benefit of payment code isn't convenience - existing payment methods work for payment - but that PayPal with payment code "will allow consumers to automatically redeem any special offers, gift cards, merchant rewards programs or other forms of payment that might be saved in their PayPal wallet in one quick transaction."

On the merchant side, PayPal says they "want to get the benefits of these new ways to pay but they don’t want to rip out their existing technology to do it." PayPal says it will also be working with merchants who have their own mobile apps to integrate PayPal QR codes into the merchant's own app.

Kingsborough said that PayPal will roll out payment code globally in the first quarter of 2014 and will provide more details at that time.

Yesterday, PayPal published a new white paper titled "The Future of POS: Point of Sale Evolution and its Impacts". In a blog post announcing the paper's availability, Scott Ellison noted that "the industry is poised to undergo a profound transformation in the next several years because of new key drivers, which include the mobile phone, cloud technology, sensors and the proliferation of tablets entering the market."

American Express Serve Introduces New Features and Monthly Fee

Amex Serve 140pxAmerican Express Serve has announced a free nationwide cash load network and the addition of new money management capabilities to its full-service reloadable prepaid card accounts - along with a new monthly fee to begin in December.

The new features include: Direct Deposit, Bill Pay, Mobile Check Capture, Personal Financial Management Tools, and Reserve, which allows customers to put money aside for future expenses. American Express says these enhancements are "designed to meet the needs of the nearly 70 million Americans underserved by traditional financial services."

“Unfortunately, the traditional banking system is not easily accessible to large segments of the population, making managing money cumbersome and expensive for many,” said Dan Schulman, group president, Enterprise Growth at American Express.

“We launched Serve two years ago with the simple idea that consumers needed a better way to move their money. Today, we’ve added a number of new features to make the management and movement of money more affordable and convenient for everyone.”

Starting next month, American Express Serve customers will be able to take cash to the register at more than 14,000 participating CVS/pharmacy and 7-Eleven stores and add it to their American Express Serve Account. This is made possible through a relationship with InComm and its Vanilla Reload Network.

American Express Serve also announced it will start charging a monthly fee of $1 beginning December 3, 2013. The $1 monthly fee is waived if customers use Direct Deposit to load their account or add $500 or more to their account during a monthly statement period.

MasterCard Introduces ShopThis! with MasterPass in November WIRED

MasterCard logo 140pxMasterCard has announced ShopThis! with MasterPass -saying it is a new way "to offer consumers a new way to shop digitally. ShopThis! with MasterPass is designed to let readers discover and purchase items from their favorite titles’ advertising and editorial pages, without ever leaving the page itself."

“As consumers embrace a more digital lifestyle, the way they shop and pay for things is changing. Today’s consumer should not have to think about the shopping process – when they see what they want, they should be able to get it, as quickly as possible,” said Garry Lyons, Chief Innovation Officer for MasterCard.

“ShopThis! with MasterPass turns this into a reality – you see a product, click to put it in your shopping cart, and check out – simply and safely.”

MasterCard says that WIRED is the first publication to offer the ShopThis! with MasterPass technology to its readers beginning with the November iOS tablet edition, available October 15. As consumers explore the pages of WIRED’s tablet edition on the iPad they can select products available for purchase via ShopThis! enabled pages which are fulfilled from Rakuten.com Shopping, the first official retail partner. From there, items are placed into a single shopping cart, allowing for a streamlined checkout experience.

To experience the ShopThis! with MasterPass purchasing technology on WIRED, current iOS digital subscribers should access the November tablet issue. Readers new to WIRED should download the WIRED app to their iOS tablets to experience ShopThis! with MasterPass.

Headline News from PaymentsNews.com - October 8, 2013

On Twitter:

On the web:

On the wires:

Updates from Glenbrook:

  • Looking for consulting help from Glenbrook? Let us know your needs here - and we'll get right back to you!
  • Join us for our new series of Glenbrook Payments Boot Camps coming this month - 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!

October 07, 2013

The Cardlinx Association Announces Founding Members

The CardLinx Association, a "new interoperability organization to enhance the consumer experience with local commerce and card linked offers," has announced its founding members - including Microsoft, Bank of America, Discover, Deem, Facebook, First Data Corp., Linkable Networks Inc., LivingSocial, MasterCard, Affinity Solutions Inc., CardSpring Inc. and Cardlytics.
“The CardLinx Association brings together thought leaders across a variety of important linked industries, allowing us to define a set of standards and services that will make it easier for consumers to shop and for merchants to sell their goods and services,” said Silvio Tavares, founding CEO of The CardLinx Association.
The Association says that its members "serve or represent over 6 million merchants, have issued over 1.9 billion payment cards, and serve consumers with over 200 million card enabled accounts and over 700 million active daily users."

MasterCard Announces Expansion of MasterPass' Acceptance Footprint

MasterCard logo 140pxMasterCard has announced that "retailers around the world are adopting MasterPass™, the digital platform from MasterCard, to give shoppers a seamless, secure and speedy check out – regardless of where they may be and what device they may be using. Beyond the Rack, Currys, lastminute.com, Newegg and PC World now join more than 20,000 leading retailers in the United States, Canada, the United Kingdom and Australia that are live on MasterPass."

“We welcome Beyond the Rack, Currys, lastminute.com, Newegg, PC World and the ever-growing list of merchants that identify the MasterPass platform as a way to make the consumer shopping experience more convenient, simpler and faster,” said Vibhav Prasad, Group Head, MasterPass, at MasterCard. “MasterPass creates the cornerstone of all sorts of new shopping experiences across every channel, while delivering the security and benefits consumers enjoy today from a genuine MasterCard transaction.”
MasterCard says that MasterPass eliminates the need for consumers to enter detailed shipping and card information to complete their online shopping at MasterPass merchant sites. Consumers can securely store MasterCard and other branded credit, debit and prepaid card information, address books and more. This simplifies the process of completing a transaction from any connected device, particularly those with smaller screens.

First Data OfferWise Solution Integrates with Microsoft's Bing Offers Card-Linked

First data logo 140x60pxFirst Data has announced that its First Data OfferWise solution has been integrated with Microsoft’s Bing Offers Card-Linked, a service that consolidates local deals from a number of deal providers. OfferWise is an open platform that enables retailers to electronically attach offers to any consumer payment card or mobile wallet to allow streamlined and automatic redemption of the offer at the point of sale (POS).

“Microsoft is an important addition to the roster of publishers using our capabilities with the First Data OfferWise solution to transform merchant marketing, advertising and offers.”

“We believe the card-linked applications space is an exciting area of innovation where we continue to be focused,” said Dom Morea, senior vice president, Advanced Solutions and Innovation, First Data. “Microsoft is an important addition to the roster of publishers using our capabilities with the First Data OfferWise solution to transform merchant marketing, advertising and offers.”

With Bing Offers Card-Linked, merchants will now have frictionless redemption of an “offer” or “deal” at checkout without the consumer having to use a paper coupon, voucher or promotion code on their mobile device. Other benefits include no need to change the POS system, no additional effort required to train staff in handling redemptions, and no need to wait for payments from deal promoters.

Headline News from PaymentsNews.com - October 7, 2013

On Twitter:

On the web:

  • In Las Vegas, Alternative Currency Buffs Are Making The Case That Bitcoin WIll Do To Money What The Web Did To Information - "Bitcoin today is in a similar state that the Internet was in 1992. It's functional and useful, but the great use cases are only just now happening. It's only going to get better and better."
  • India’s audacious plan to bring mobile payments to the masses: pair them with a national ID card - Quartz - "Nandan Nilekani, a founder of Infosys and the man in charge of the Aadhar scheme, suggested last week that the platform the cards run on will be extended to include peer-to-peer money transfers."
  • Ripple Takes on Western Union With Deal to Grow Payments - Bloomberg - "Ripple, a San Francisco-based startup, operates payments software and a digital currency that resides in a consumer’s account known as a Ripple Wallet. Under the agreement, Ripple will let consumers link those Wallets to ZipZap accounts."
  • Apple's Mobile Commerce Mojo - Pymnts.com (Karen Webster) - "Well, we don’t think they’re right and the little slide deck that is attached gives you 7 reasons why Apple is the last company on earth that should be written off as a loser in mobile commerce."
  • Fraud Happens. So What Do You Do? - Portals and Rails Blog (Douglas King) - "The important takeaway I got from this report is that no matter the technology or standard used on payment cards, it remains critical to keep personally identifiable information protected and to continue to educate consumers about sound payment practices."
  • The Evolution of Electronic Payments - "This infographic created by SwitchPay, a mobile payments company, visually represents the evolution of electronic payment technology from the first mention of the credit card in a novel published in 1887, the birth of ecommerce from the first online purchase, to the advancement of mobile payment technology."

On the wires:

Updates from Glenbrook:

  • Looking for consulting help from Glenbrook? Let us know your needs here - and we'll get right back to you!
  • Join us for our new series of Glenbrook Payments Boot Camps coming this month - 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!

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