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« September 21, 2014 - September 27, 2014 | Main | October 5, 2014 - October 11, 2014 »

October 03, 2014

Headline News from PaymentsNews - October 3, 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!

October 02, 2014

Headline News from Payments News - October 2, 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!

October 01, 2014

Glenbrook Report from Sibos 2014

PaymentsViews logo 140px Glenbrook's Elizabeth McQuerry is at Sibos 2014 in Boston this week, and has posted some initial impression of this years conference.
So, what have I seen so far? The biggest idea so far has been a demo of a real-time, payment transaction risk-scoring module. You read that correctly: real time, transaction risk-scoring. This gets to a fundamental problem for banks – what types of activities are my customers up to?
The full post is over on Payments Views.

Capital One Wallet — An App to Help Track Your Spending

CapitalOne logo 140px Capital One has announced the general iOS availability of the Capital One Wallet, "a new app that lets you stay on top of your spending and get the most out of your rewards on the go." This is not a POS wallet, but rather a nice looking app receiving real-time purchase notifications, detailed purchase info, and rewards management dashboard. Capital One is a participating Apple Pay issuer and those transactions can be monitored here as well.

Headline News from PaymentsNews.com - October 1, 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!

September 30, 2014

Out of Africa: Watching the Evolution of Mobile Money

PaymentsViews logo 140px Glenbrook's Bryan Derman is just back from a client engagement in Nairobi and shares his perspective on mobile money in Kenya.
While M-Pesa started and still embodies the phenomenon, other players have entered the market in Kenya, ranging from other wireless telcos to innovative banks, raw start-ups, and the Kenyan postal service (acting mainly as a distribution channel). In addition, the success of M-Pesa is driving investment in mobile money systems across Africa and in many developing economies around the world.
The full post is over on Payments Views.

MCX Partners with InComm

InComm logo 140px InComm announced that it has entered into a strategic partnership with Merchant Customer Exchange (MCX)
"We're pleased to partner with InComm and leverage their deep relationships and POS integrations with leading retailers representing thousands of locations across the country," said Andy Shober, Chief Sales and Business Development Officer, Merchant Customer Exchange. "Our partnership allows us to greatly expand the number of participating retail locations and represents a great opportunity for retailers to seamlessly improve the loyalty, shopping and payment experience for their customers."
MCX merchants operate more than 110,000 locations and process more than $1 trillion in payments annually.

eBay and PayPal to Split; Dan Schulman Named PayPal President

PayPal new 140px eBay has announced Dan Schulman is joining the company as the new President of PayPal, effective immediately. Schulman will become Chief Executive Officer of PayPal following the planned separation of the business into an independent, publicly traded company in the second half of 2015.
The company announced separately today that its board of directors, following a strategic review, has approved a plan to separate eBay and PayPal into independent, publicly traded companies. The separation is expected to be completed in the second half of 2015. The board determined that separation is the best path for growth and shareholder value creation for each business.
Since 2010, Schulman served as President of American Express’ Enterprise Growth Group and led the company’s global strategy to expand its alternative mobile and online payment services. The New York Times also has more background on the development.

Headline News from PaymentsNews.com - September 30, 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!

September 29, 2014

Circle Debuts Bitcoin Accounts for Mainstream Users

Circle logo 140px c/net is reporting that Bitcoin startup Circle is now open for public use worldwide in seven languages.
The fact that Circle is not a trading exchange is what sets it apart from many other Bitcoin services on the Web. Circle does not operate by offering users the option to buy into the cryptocurrency at a specific rate with hopes of trading it for more. Instead, the company simply provides a service in which users can deposit local currency in return for Bitcoin. Upon withdrawal, Bitcoin is converted to local currency. No fees are incurred for the service.
Circle is the digital currency company founded in 2013 by Internet entrepreneurs Jeremy Allaire and Sean Neville.

SK Telecom to Acquire Shopkick

SK Telecom Logo 140x60 South Korean wireless giant SK Telecom has announced that its SK Planet subsidiary has acquired ShopKick, according to The Wall Street Journal. Macy's recently announced that it was expanding its use of ShopKick to nearly 800 stores. ShopKick has more than eight million users.

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