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June 20, 2014

Sponsor: Glenbrook's Payments Industry Scan Programs

GP Logo Horizontal 140pxThis week's PaymentsNews.com daily email and RSS feed distribution have been sponsored by Glenbrook's Payments Industry Scan Programs - managed by partner Erin McCune.

Erin writes:

Perhaps you’re responsible for identifying important industry trends and new initiatives by your company’s competitors. You follow many industry news sources but distilling the most important items to surface to your executives is challenging. This is what we at Glenbrook do best. We work with your team to ensure your competitive radar is finely tuned, well focused, and effective. Don't be surprised, be smart!

For more information about Glenbrook's Industry Scan Programs, you can learn more here - and be sure to contact Erin to learn more and to request a customized quote that meets your specific needs.

Week-long sponsorships of the PaymentsNews.com daily email distribution and RSS feed are available. For more information about becoming a sponsor, please contact: publisher@paymentsnews.com.

June 19, 2014

Headline News from PaymentsNews.com - June 19, 2014

On the Web:

On the Wires:

  • First Data Announces $3.5 Billion Private Placement Led By KKR - "The private placement follows the first year of leadership under Chairman and CEO Frank Bisignano, during which the management team of First Data has implemented a comprehensive shift in the company’s vision for the future, corporate culture and client focus, transforming it from a payments processor to a collaborative solutions provider that partners with clients of all sizes."
  • TransUnion Analysis Finds Reporting of Rental Payments Could Benefit Renters in Just One Month - "A new TransUnion analysis found that the reporting of rental payment information to the credit bureaus in a manner similar to other financial obligations could have a positive effect for the majority of subprime consumers' credit."
  • VeriFone Welcomes Karen Austin to Board of Directors - "After joining PG&E as CIO in 2011, where she oversees and directs IT systems and cyber security initiatives that support all of PG&E’s customer touch points, Austin transformed the enterprise into a more nimble and innovative company that leveraged and digitized big data to enhance energy management for both the utility and its customers."
  • FleetCor Awarded Private Label Commercial Card Program Contract with Kwik Trip - "Under the terms of this agreement, FleetCor will partner with Kwik Trip to launch and manage both a Kwik Trip Extended Network Fleet Card and a Kwik Trip Universal Fleet Card."

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!

June 18, 2014

Headline News from PaymentsNews.com - June 18, 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!

June 17, 2014

Headline News from PaymentsNews.com - June 17, 2014

On the Web:

  • Leveraging Fingerprint Authentication on Mobile Devices: Apple’s Touch Id Api & More - Nok Nok Labs Blog - "At Nok Nok Labs, our developers wasted no time in testing and integrating our Multifactor Authentication Client (MFAC) with the Touch ID API. It took us 2 days to plug in Touch ID to our client, meaning any existing application integrated with our iOS client will be able to start using this feature immediately when it’s released."
  • Kosta Peric's Mission to Reach the Unreachable - Ripple Blog - "Today, Peric forges forward with that very mission, now a deputy director for the Financial Services for the Poor at the Bill & Melinda Gates Foundation, a role that takes him to underserved regions around the world like Africa and Southeast Asia where his expertise and experience is most urgently needed."
  • Suze Orman’s Approved Prepaid Debit Cards Are Quietly Discontinued - New York Times - "Suze Orman is quietly getting out of the payments business. Starting July 1, Ms. Orman’s Approved card, a prepaid debit card aimed at budget-challenged consumers, will no longer work..."
  • The Gilded Age of Free Online Shipping: Enjoy It While It Lasts - Wall St. Journal - "The big shipping companies are now pushing back against the worst excesses of this, with FedEx announcing in May that it will begin charging its shipments based on both size and weight."

On the Wires:

  • First Data Introduces InsighticsSM Solution for Small Business - "Insightics is an innovative, cloud-based software that unlocks the power of big data behind payment transactions to give SMB merchants the ability to monitor key business metrics affecting their business, better understand customers to engage effectively, and derive more value from marketing and loyalty programs to grow revenue."
  • VeriFone Expands Way2ride Mobile App to Philadelphia Taxis - "Way2ride makes the taxi experience faster and easier for passengers in Philadelphia by enabling them to tap and pay for cab fares in 1,400 of the 1,600 taxi cabs currently operating in the city."
  • Umpqua Bank to Convert to FIS Core to Enhance Customer Experience - “Umpqua is focused on offering the sophisticated products and services of a large bank, delivered with the personal service, integrity and engagement of a community bank, and the innovative customer experience of a leading retailer,” said Sonny Sonnenstein, EVP, CIO, Umpqua Bank. “Partnering with FIS allows us to continue to offer our customers a compelling banking experience while positioning ourselves for future growth.”
  • NFC Forum and Bluetooth SIG Expand Developer's Guide to Include Bluetooth® Smart Technology - "NFC and Bluetooth are complementary wireless technologies that can be designed to work in concert in a variety of use cases. For example, manufacturers have the flexibility to use NFC technology in conjunction with SSP by supporting both negotiated and static handover between Bluetooth devices, such as wireless headsets, personal health devices, smartphones, cars, and TVs."
  • SimplyTapp Adds Mohammad Khan to Its Board of Directors - "I have always believed that mobile will be the next major media for payments and enhanced shopping experience. I see host card emulation technology to help achieve this goal easier and faster," says Mohammad Khan

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!

June 16, 2014

Digital River Now Accepting Bitcoin

Digital river world payments logo 140pxDigital River has announced it has added bitcoin as a payment option for merchants that are selling online in the United States and using its small to mid-sized commerce solution. Bitcoin will now be available along with other international payment options, such as credit and debit cards, wire transfers, bank transfers and third-party wallets.

“Bitcoin continues to attract more mainstream attention,” said Tom Peterson, executive vice president and general manager of commerce at Digital River. “We’re excited to be among the first pure play ecommerce providers to make the cryptocurrency available for small to mid-sized businesses interested in providing their online shoppers more payment choices and added convenience.

“Because Digital River acts as the merchant- and seller-of-record, our international base of customers can accept and process bitcoin payments in their U.S. online stores with less risk than they could on their own,” added Peterson. “In addition, this business model creates an opportunity for our customers to offer payment solutions that may be in earlier stages of adoption in their domestic markets.”

Digital River partnered with San Francisco-based Coinbase, a bitcoin wallet and platform provider, to handle the conversion of bitcoin into U.S. dollars and process the payments.

Headline News from PaymentsNews.com - June 16, 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!

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