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May 30, 2014

Headline News from PaymentsNews.com - May 30, 2014

On the Web:

  • Mobile Payments: Merchants' Perspectives - Federal Reserve Bank of Kansas City - "In the Second Quarter Economic Review, Fumiko Hayashi and Terri Bradford examine merchants' mobile payments preferences and find some attributes of mobile payments, such as an enhanced customer experience, have clear beneficial effects."
  • Dwolla boss goes after $13.1 billion paycheck industry, opens mind to bitcoin - "“My primary gripe with the system is that we have the technology for banks to talk to one another in real time, but for whatever reason, when I went out to try to use it, no one had built it..."
  • Thieves Planted Malware to Hack ATMs - Krebs on Security - "A recent ATM skimming attack in which thieves used a specialized device to physically insert malicious software into a cash machine may be a harbinger of more sophisticated scams to come."

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

May 29, 2014

Headline News from PaymentsNews.com - May 29, 2014

On the Web:

  • What’s Your GPA? - PaymentsViews.com (Jay DeWitt) - "Based on knowledge we’ve developed through industry benchmarks, client work, and our own operational experience in the payments business, the GPA program quickly assesses your payments organization and recommends targeted, actionable steps you can take to optimize your payments business."
  • The Cost of Checks in Small Business Payments - Dwolla Blog - "Our latest release of Next Day Transfers allows businesses, government agencies, and non-profits to move funds in and out of the Dwolla network faster than ever, increasing control of your cash flow and reducing billing or procurement cycles."
  • How Should Bitcoin Be Regulated? - Montreal Economic Institute (David Descôteaux) - "This Economic Note presents an analysis of the situation in Canada and in other countries that have adopted regulatory frameworks for Bitcoin."
  • DISH Teams Up with Coinbase to Become Largest Company to Accept Bitcoin - Coinbase Blog - "DISH today announced they are the largest company and first subscription model pay-TV provider to accept bitcoin..."

On the Wires:

  • Bitcoin’s future hinges on a clear legal status - “These clear rules, as well as a tax treatment that allows Bitcoin to be used as a currency, explain why the digital currency is popular in Germany and why this country was one of the first Bitcoin hubs. Canada has so far been quite welcoming to Bitcoin, and in clarifying its own regulatory framework, it should ensure that it remains so,” concludes David Descôteaux.

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

May 28, 2014

MasterCard Strengthens U.S. Cardholder Security

MasterCard logo 140pxMasterCard has announced new enhancements intended to provide its U.S. cardholders with greater protection from fraud and identity theft.

All MasterCard credit, debit, prepaid and small business cards issued in the U.S. will now carry Identity Theft Resolution assistance. MasterCard says its new program will provide help in canceling missing cards and alerting credit reporting agencies, as well as targeting searches to detect if stolen personal and confidential data appears online. The new Identity Theft coverage extension begins in July 2014.

MasterCard is also extending its zero liability policy in the U.S. to include all MasterCard PIN-based and ATM transactions. This is in addition to coverage already provided on signature debit and credit transactions. The Zero Liability coverage extension takes effect in October 2014.

“Fraud prevention and detection is a 24/7 job at MasterCard. The changes that we’re making in cardholder protection combined with our efforts to move the U.S. payments industry to EMV chip technology will help deliver safer shopping experiences to consumers,” said Chris McWilton, president, North American Markets for MasterCard.

MasterCard noted that tanks and financial institutions issuing MasterCard-branded cards provide financial indemnity against fraud.

Headline News from PaymentsNews.com - May 28, 2014

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. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

May 27, 2014

Headline News from PaymentsNews.com - May 27, 2014

On the Web:

On the Wires:

  • Intuit to Acquire Check - "Intuit Inc. today announced it has entered into a definitive agreement to purchase Check, a Palo Alto, Calif.-based leader in mobile bill pay that serves 10 million registered users."
  • Punjab Social Security Program Designed to Bring Financial Inclusion to Millions - "Financial inclusion in Pakistan got a boost today with the announcement that MasterCard and the Bank of Punjab have launched a Social Security Program to automate and streamline government disbursement, subsidy and assistance programs. This first-of-its-kind initiative is aimed at driving financial inclusion specifically in Punjab – the largest province in Pakistan."
  • TSYS Extends Payments Agreement with Canadian Tire - “TSYS has been a great partner through the years, working closely with us to understand our needs as we continue to grow and expand our payments programs,” said Bonnie Agosthino, vice president, CTC and CTFS Delivery for Canadian Tire.
  • iPayment Partners with VeriFone to Bring Next Generation POS to Main Street Merchants - "iPayment POS is designed for the more than 150,000 small business merchants iPayment currently serves directly, through independent sales organizations (ISOs) and other multiple direct distribution channels throughout the U.S."

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

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