On the Web:
- Amazon to Offer Kindle Checkout System to Physical Retailers - Wall St. Journal - "In one scenario, the Seattle company would give merchants Kindle tablets and credit-card readers, the people said."
- New Clues in the Target Breach = Krebs on Security - "An examination of the malware used in the Target breach suggests that the attackers may have had help from a poorly secured feature built into a widely-used IT management software product..."
- CFPB Proposes Regulating Nonbank International Money Transmitters
- Starbucks is getting ready to let you order coffee before you get to the store - Quartz - "For its next trick, Starbucks may have your order ready before you enter the store."
- Sources: Coin Is Raising More Cash - TechCrunch - "According to sources, the company needed to raise a Series A to cover production costs in the midst of unexpected and overwhelming demand."
- Could a Pending Amazon Patent Doom Coin’s All-in-One Payment Card? - Re/code.net - "In 2012, Amazon filed an application for a patent describing a “dynamic payment card”"...
- One card to rule them all: Amazon patent hints at payment card - Puget Sound Business Journal - "Amazon has applied for a patent for a card that would link all of your credit cards to one Amazon card..."
- YapStone makes key hires in pursuit of payments land grab - San Francisco Business Journal - "YapStone made three executive hires and plans to add more to its team as it seeks to grab a bigger piece of the payments business."
- Bitcoin 2.0: It’s About the Platform, Not the Currency, Stupid! - Sogeti Trendlab - "In this research paper we hope to explain that the bitcoin currency itself is ‘just’ the next phase in the evolution of money. From dumb to smart money. It’s the underlying platform, the Bitcoin protocol aka Bitcoin 2.0, that holds the real transformative power."
- Time for central banks to take a hard look at bitcoins: Uday Kotak - Economic Times (India) - "Asked whether it was time for central banks across the world to come out with strong regulations on virtual currencies, he replied in the affirmative and said certainly there have to be guidelines..."
On the Wires:
- Starbucks CEO Howard Schultz Expands Focus on Innovation and Next Generation Retailing and Payments Initiatives - "In partnership with Starbucks senior leadership team, including chief digital officer Adam Brotman and chief strategy officer Matt Ryan, Schultz will expand his focus on innovation in coffee, tea and the Starbucks Experience as well as next generation retailing and payments initiatives in the areas of digital, mobile, card, loyalty and e-commerce to position Starbucks for its next wave of global growth."
- TSYS Appoints Two New Members to Board of Directors - "TSYS announced today the election of two new members to its board of directors — William M. Isaac, senior managing director and global head of Financial Institutions for FTI Consulting and former Chairman of the Federal Deposit Insurance Corporation (FDIC); and Connie D. McDaniel, former senior executive at the The Coca-Cola Company and Ernst & Young."
- Oberthur Technologies and Myanmar Mobile Money to Provide Mobile Financial Services to the Large Unbanked Majority of the Myanmar Population - "This first national mobile money service, offered in both English and Myanmar, is based on OT’s MoreMagic m:Wallet. It notably includes person-to-person transfer, agent-assisted cash-in/-out, air time top-up, salary disbursements, and merchant payments."
- Feedzai Launches Fraud Prevention Platform In U.S. - "Feedzai has been working with a number of customers to fight fraud, including Coca-Cola, Logica, Vodafone, Ericsson, SIBs Payment Solutions, Horizon Wind Energy, and Servebase Credit Card Solutions."
- DriveSavers Now Recovers Lost Money, Successfully Retrieves Bitcoins - "Senior Enterprise Recovery Engineer Chris Bross said at least six people have called for consultations about bitcoin data loss in the past month."
- TSYS Reports 2013 Adjusted Cash EPS Increased 17.8% - "Our total revenues exceeded $2 billion for the first time in our history, and we met the high end of the range of our adjusted cash EPS guidance of $1.72. This was truly a transformational year for TSYS," said Philip W. Tomlinson, chairman and chief executive officer of TSYS.
Updates from Glenbrook:
- Upcoming Glenbrook Payments Boot Camps: Feb 4-5 in Palo Alto, CA; March 18-19 in New York City.
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