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« October 13, 2013 - October 19, 2013 | Main | October 27, 2013 - November 2, 2013 »

October 25, 2013

InComm Launches Cashtie™ Cloud Match Service

InComm logo 140pxInComm has announced the launch of the Cashtie™ Cloud Match Service - describing it as a "RESTful API that enables loyalty program, mobile wallet and digital coupon providers to offer their capabilities to InComm's retail network without lengthy integration or new hardware to install at a retailer's point-of-sale (POS). InComm's Cashtie Cloud Match Service enables providers and retailers to manage and process mobile barcode transactions without any changes to the POS system, leveraging the established host-to-host connectivity between InComm and the retailer and InComm's barcode activation.

Cashtie Cloud Match provides a solution that works today to enable retailers and emerging payment and loyalty providers to transact," said Thomas Cornelius, senior vice president, InComm. "While other options are available, they require changes to the cash register or the installation of expensive new equipment, so for the first time partners and retailers leveraging Cashtie's Cloud Match solution can offer new payment, coupon and loyalty solutions that their customers demand today, while the hardware and software upgrade cycle of retailers may still be years out."
Here is how the Cashtie service works: a consumer selects to display a barcode for a coupon, payment or loyalty transaction within a mobile application and presents the barcode on their mobile phone to a cashier to be scanned. When the barcode is scanned from the mobile phone at the POS, the Cashtie Cloud Match Service instantly receives the transaction information.

The cloud match service uses the transaction details to match, in the cloud, the transaction at a specific cash register within a particular retail location and the provider that is associated with the barcode. Cashtie then shares this information with the provider, who matches it to a specific consumer and responds with the transaction details for making a payment, receiving a discount or gaining loyalty points. Cashtie then sends the details for the transaction back to the POS either via InComm's proprietary switching technology, as part of InComm's Enhanced Payment Platform or to any third party switching solution used by the retailer. All of this occurs in real-time.

Cashtie Cloud Match is a RESTful API and providers can request access via http://www.cashtie.com/cloudmatch.

Headline News from PaymentsNews.com - October 25, 2013

On the web:

On the wires:

  • Coming Soon!

Updates from Glenbrook:

  • Looking for consulting help from Glenbrook? Let us know your needs here - and we'll get right back to you!
  • Join Glenbrook's Carol Coye Benson and Scott Loftesness for our Glenbrook Payments Boot Camp on December 10-11th in Palo Alto, California!
  • Glenbrook's Elizabeth McQuerry will be speaking on New Payments Regulation in Brazil at the International Money Transmitter Conference in Miami Nov 4-7, 2013.
  • 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 24, 2013

Headline News from PaymentsNews.com - October 24, 2013

On Twitter:

On the web:

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Updates from Glenbrook:

  • Looking for consulting help from Glenbrook? Let us know your needs here - and we'll get right back to you!
  • Join Glenbrook's Carol Coye Benson and Scott Loftesness for our Glenbrook Payments Boot Camp on December 10-11th in Palo Alto, California!
  • Glenbrook's Elizabeth McQuerry will be speaking on New Payments Regulation in Brazil at the International Money Transmitter Conference in Miami Nov 4-7, 2013.
  • 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 23, 2013

PayPal and Blackhawk Network to Bring Gift Cards to the Digital Wallet

PayPal logo 140x60pxPayPal and Blackhawk Network have announced they are working together to enhance the gift card experience in general by bringing gift card services to the digital wallet.

According to the companies, "this collaboration will provide an easy way for consumers to both purchase gift cards and use them right from within the PayPal app – beginning in the first half of 2014. Consumers will also be able to reload gift cards from the app, check balances and, of course, be able to keep all of their gift cards in one handy place.:

Headline News from PaymentsNews.com - October 23, 2013

On the web:

  • eBay's turnaround hits a speed bump - Fortune - "eBay recently responded to rising competition in online payments by paying $800 million for Braintree, an online payments processing company..."
  • Bitcoin Poses a Challenge for Law Enforcement - Wall St. Journal - "The rise of Bitcoin, the little-regulated digital currency, is challenging law enforcement's ability to keep tabs on the criminal underworld."

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 Glenbrook's Carol Coye Benson and Scott Loftesness for our Glenbrook Payments Boot Camp on December 10-11th in Palo Alto, California!
  • Glenbrook's Elizabeth McQuerry will be speaking on New Payments Regulation in Brazil at the International Money Transmitter Conference in Miami Nov 4-7, 2013.
  • 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 22, 2013

Alliance Data And Dwolla Announce Multi-Year Agreement

Dwolla logo 140pxDwolla and Alliance Data Systems have announced signing a new, multi-year agreement for "Alliance Data's Retail Services business to provide a cardless private label credit product for the Dwolla payment network."

Credit is not new—but providing it on a real-time network that removes interchange fees, supports the evolution of credit, and provides a means of cardless payment—is, and that's what Dwolla Credit does," said Ben Milne, chief executive officer and founder of Dwolla.

"Alliance Data's deep experience and the true interest they have in our company will not only lend a new level of convenience to our community of users, but will also give them front-row seats to what we believe will be some really great innovations to credit."

Alliance Data will provide the newly launched credit program, called Dwolla Credit. Once approved, consumers can use Dwolla Credit immediately and for future purchases at participating businesses found in Dwolla's new Storefront directory (www.dwolla.com/storefront). Interested consumers and businesses can register for access at realtime.dwolla.com.

Headline News from PaymentsNews.com - October 22, 2013

On Twitter:

On the web:

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Updates from Glenbrook:

  • Looking for consulting help from Glenbrook? Let us know your needs here - and we'll get right back to you!
  • Join Glenbrook's Carol Coye Benson and Scott Loftesness for our Glenbrook Payments Boot Camp on December 10-11th in Palo Alto, California!
  • Glenbrook's Elizabeth McQuerry will be speaking on New Payments Regulation in Brazil at the International Money Transmitter Conference in Miami 4-7, 2013.
  • 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 21, 2013

Blackhawk Network to Acquire Intelispend Prepaid Solutions

BlackhawkNetwork logo 140pxBlackhawk Network has announced that it has entered into a definitive agreement to acquire InteliSpend Prepaid Solutions, a provider in the corporate incentives and consumer promotions marketplace. The transaction is expected to close no later than November 8, 2013 and is subject to customary closing conditions including regulatory approvals.

"Blackhawk has become one of the largest third party providers of prepaid cards and payment solutions to consumers through its network of content providers and points of retail distribution. The acquisition of InteliSpend gives us a very strong entry into the complementary corporate incentives and consumer promotions channels," said Bill Tauscher, Blackhawk Network CEO.

"Together, we will be able to bring exciting new digital solutions into the corporate incentives industry in the U.S. and internationally, adding even more value for both InteliSpend's business customers and Blackhawk's content partners," he added.

InteliSpend is one of the largest providers of prepaid open loop incentive products. The company pioneered Restricted Authorized Network (RAN) technology and developed the DirectSpend product that enables clients to fine-tune the effectiveness of their incentives programs by controlling merchant acceptance and directing consumer spend.

New on PaymentsViews.com: The Mobile Wallet Wars of 2014

PaymentsViews logo 140pxIn an article titled The Mobile Wallet Wars of 2013 over on our PaymentsViews.com blog, Glenbrook's Russ Jones writes about the distinctions between multi-merchant, general purpose wallets and merchant specific wallets and how wallets might shape up in 2014.
While the payments industry is running in circles trying to figure out the tap-and-pay challenge—which is a genuinely hard problem—merchants are deploying their own apps using the established card-on-file model.
Be sure to read Russ' thoughts and add your own comments/feedback over on PaymentsViews.com.

Headline News from PaymentsNews.com - October 21, 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 Glenbrook's Carol Coye Benson and Scott Loftesness for our Glenbrook Payments Boot Camp on December 10-11th in Palo Alto, California!
  • Glenbrook's Elizabeth McQuerry will be speaking on New Payments Regulation in Brazil at the International Money Transmitter Conference in Miami 4-7, 2013.
  • 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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