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« November 23, 2014 - November 29, 2014 | Main | December 7, 2014 - December 13, 2014 »

December 05, 2014

Headline News from PaymentsNews.com - December 5, 2014

On the Web:

  • Bebe Stores Confirms Credit Card Breach - Krebs on Security - "On Thursday, KrebsOnSecurity reported that several banks had complained about a pattern of fraudulent charges on customer credit cards that all had one thing in common: They’d all been used at bebe locations across the country."

On the Wires:

  • bebe stores, inc. Identifies and Stops Payment Card Security Incident - "Based on its investigation to date, the Company believes the attack was focused on and limited to data from payment cards swiped in its U.S., Puerto Rico and U.S. Virgin Islands stores during a short window between November 8, 2014 and November 26, 2014."
  • SpyderLynk Wins Citi® Mobile Challenge 2014 for Its SnapTag® Mobile Wallet for Small Business - "SpyderLynk’s entry “CitiWallet for Small Business” delivers an easy-to-adopt payment solution for small businesses using SnapPay, which allows consumers to simply scan a SnapTag, enter the amount to pay the merchant and hit go. It’s that simple."
  • Virgin Money agrees strategic partnership with Monitise - Jayne-Anne Gadhia, Chief Executive Officer of Virgin Money, said: “We are excited to be extending our quest for smarter, brighter and better banking solutions with a partner that shares our ambition to bring unique, intuitive and valuable service features to our customers. Mobile is an important banking channel that will help us maintain our growth momentum, and our partnership with Monitise and its network of partners will support us as we grow.”
  • EFTA Announces Addition of EyeLock as New Board Member - “We are pleased to bring EyeLock onto the EFTA Board. EyeLock’s understanding of payments authentication technology will bring a new perspective to Board discussions around one of the most important issues facing the payments industry today,” said Kurt Helwig, president and CEO of EFTA.

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!

December 04, 2014

Headline News from PaymentsNews.com - December 4, 2014

Last Call:

  • The last Glenbrook Payments Boot Camp of 2014 is being held next week, December 9 and 10, in Palo Alto, California. Our Payments Boot Camp provides a comprehensive introduction to the payments systems in the U.S., an overview of global payments, and lots of insights into what's happening in emerging payments. Join Carol Coye Benson and me for this final session of the year! - register here!

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!

December 03, 2014

Headline News from PaymentsNews.com - December 3, 2014

Last Call:

  • The last Glenbrook Payments Boot Camp of 2014 is being held next week, December 9 and 10, in Palo Alto, California. Our Payments Boot Camp provides a comprehensive introduction to the payments systems in the U.S., an overview of global payments, and lots of insights into what's happening in emerging payments. Join Carol Coye Benson and me for this final session of the year! - register here!

On the Web:

  • Sweden’s Klarna to Invest $100 Million in U.S. Launch - Wall St. Journal - "Unlike other tech startups, which tend to prefer working out of Silicon Valley or New York, the Swedish company has decided to set up shop in Columbus, Ohio."
  • Mobile Wallets: A Smart Way to Pay? - Kiplinger - "Using your smartphone to store your credit card and bank information is convenient and secure, but don’t leave your wallet at home just yet."
  • Apple Pay from the Front Lines - GonzoBanker - "After using my iPhone for less than a month to make about a dozen payments, I’ve actually started to unintentionally reach for my phone instead of my wallet when it’s time to pay for something. Yikes."
  • With Fraud Afoot, Shield Your Wallet - New York Times - "That is why it’s a good idea to use a credit card when shopping online, or if you must use a debit card, use it in conjunction with something like PayPal..."
  • Preparing for Chip-and-PIN Cards in the United States - New York Times - "In total, roughly 70 percent of credit cards and 40 percent of debit cards are expected to use the technology by the end of next year, though the introduction of upgraded checkout systems will not be completed until the end of the decade."
  • Taking One Touch™ Mobile Payments International - Braintree Blog - "Today, in an effort to help people and businesses connect more seamlessly, reduce friction from buying on mobile and support innovation globally, we’re rolling out One Touch with PayPal in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, Sweden and the UK."
  • Seeing Explosive Mobile Growth as We Open Our New Office in San Francisco - Braintree Blog - "Our data confirms what we’ve known all along -- mobile is becoming the primary computing device and consumers are starting to expect a frictionless buying experience on mobile."
  • Why Apple Pay may be the gateway drug bitcoin needs - Gigaom - "Most consumers don’t understand the technology that is transferring the USD in their iPhone to the Walgreens, so if that was replaced with bitcoin’s blockchain technology, one may not notice."
  • This Investor Thinks Bitcoin Will Change EVERYTHING — Not Just Finance - Business Insider UK - "The Bitcoin block chain is different because everything underlying it is published, and there's no central controlling entity."
  • O’Reilly Media Unveils Blockchain Event, Announces Bitcoin Integration Nationwide - Coinbase Blog - "Taking place this winter in San Francisco, the one-day event will give attendees an opportunity to learn about Bitcoin’s significance and potential, and educate them on ways to leverage its tools, technologies and processes to expand and contribute to the ecosystem."

On the Wires:

  • New Innovation Lab in East Africa to Expand Digital Financial Services - "MasterCard Labs for Financial Inclusion launching in East Africa with funding from the Bill & Melinda Gates Foundation to develop financial services that help people build better futures..."
  • Amadeus and Worldpay partnership further simplifies travel payments - Celia Pereiro, Head of Travel Payments at Amadeus commented: “We are pleased to partner with one of Europe’s largest payment services providers. Worldpay will help us to fulfil our customers’ payment needs across the globe through a simple payment experience offered to their travellers."
  • MasterCard Takes Priceless Surprises To New Heights - “Today’s surprise is just one way we’re taking our Priceless Surprises platform to a whole new level by bringing in new partners and delivering surprises through new platforms to drive cardholder affinity,” said Raja Rajamannar, chief marketing officer, MasterCard.

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!

December 02, 2014

Headline News from PaymentsNews.com - December 2, 2014

On the Web:

On the Wires:

  • MasterCard Board of Directors Announces Increase in Quarterly Dividend and $3.75 Billion Class A Share Repurchase Program - “Today’s dividend and share repurchase program announcement comes as a result of our continued, strong financial performance,” said Ajay Banga, president and CEO, MasterCard. “We remain committed to delivering value to our shareholders, while investing in the growth of our business.”
  • SimplyTapp Raises $5.9M to Propel Mobile Payment Innovation - "SimplyTapp, the leading provider of Host Card Emulation (HCE) solutions for cloud based mobile payments, today announced it has raised $5.9M of a Series B financing round from undisclosed new investors and existing investors Blue Sky Capital and Lightspeed Venture Partners, bringing the total amount of funding raised to date to $7.6M."
  • CARDFREE Completes its Next Generation Order-Ahead Product - "This new patent license enables CARDFREE to provide its exceptional online/mobile ordering solutions within the US - for restaurants and other verticals. CARDFREE’s award-winning platform provides full commerce capabilities including cross-channel CRM, loyalty, payments and now its next generation order-ahead solution."
  • AribaPay Takes Off - “By automating billing and settlement and digitizing the “pay” in procure-to-pay, AribaPay is bringing the same simplicity to B2B payments and effectively changing the game by enabling companies to drive a more efficient, effective process that creates benefits on both sides of the equation.”

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!

December 01, 2014

Headline News from PaymentsNews.com - December 1, 2014

Welcome to December!

  • It's hard to believe that we're down to the last month of 2014! It's been quite a year for payments! Has anything changed in your life this year about how you make payments? If so, tell me about it!

On the Web:

  • Payments on Fire Podcast #11 – Bitcoin, Banking, and Crypto 2.0 Approaches - PaymentsViews.com - "Glenbrook’s George Peabody discusses Bitcoin and blockchain evolution with Sean Safahi, co-founder and CEO of Bold Financial Technologies, a provider of math-based currency services to the banking industry."
  • Bankers: First Data IPO Rapidly Approaching - "The company, through its CEO Bisignano, has been suggesting that KKR wants to cash out of the investment in the next year if possible."
  • Health-Care EFT Transaction Volume Via the ACH Grows Nearly 180% in a Year - Digital Transactions - "The new volume flows through the ACH network under a business-to-business transaction code known as CCD+Addenda (for cash concentration or disbursement)."
  • What Happens When You Swipe Your Card? - CBS 60 Minutes - "Even the strongest banks in the world-- banks like JPMorgan, retailers like Home Depot, retailers like Target -- can't spend enough money or hire enough people to solve this problem."
  • Shopping on a Phone Is Still Uncommon but Growing Fast - New York Times -“These cellphones are with us all the time, so why should you be doing Christmas shopping only at home? Why shouldn’t you do it while you’re on the subway, waiting for the bus, at the cafe?”
  • PayPal Reports Record-Breaking Number Of Black Friday Shoppers And Sales On Mobile - TechCrunch - "Based on its online commerce data, the company reports having seen a 47% increase in PayPal global mobile payment volume on Thanksgiving compared with Thanksgiving 2013, and a 62% increase for Black Friday 2014 over last year."
  • Thanksgiving Weekend Sales, at Stores and Online, Slide 11 Percent - New York Times - "The results could show that “there are a significant number of Americans out there for whom the recession is not yet over,” said Matthew Shay, the group’s president and chief executive."
  • Credit Card Rewards: The Deals Get Sweeter - Wall St. Journal - “Issuers are getting more aggressive in terms of what they’re willing to dangle to acquire new customers,” says Curtis Arnold, founder of CardRatings.com, a credit-card comparison website. “It’s an arms race.”
  • Cashless Society? It’s Already Coming - New York Times - "When you are out shopping, it’s the wallet, not the credit card, that is the annoyance. It’s bulky. It can be forgotten, or lost. I’ve learned while traipsing about buying stuff with my ApplePay that I can whittle down wallet items that I need to carry to three..."
  • "Banks As Commodity Utilities In A New Payment World - TechCrunch - "To stay relevant, banks must embrace the technology-driven changes and look for new opportunities rather than protecting and preserving antiquated business models."
  • Are universal credit cards the next thing? - Geektime - "Coin recently started shipping their long awaited universal credit card to early bakers in the US, in a very overdue timing. But meanwhile, other universal credit cards companies entered the market, which makes you wonder if this is the next big thing."

On the Wires:

  • Intel Acquires PasswordBox, an Award-Winning Digital Identity Manager - “Everyone can relate to password fatigue. The PasswordBox service has already brought relief to millions of consumers who now enjoy simple, instant login,” said Chris Young, senior vice president and general manager of Intel Security Group.
  • BCG and SWIFT publish annual Global Payments report - "The aim of the report is to provide payments and transaction-banking institutions with a comprehensive overview of major business drivers shaping the industry. It also provides the reader with recommendations on which specific actions should be taken by various types of players in order to achieve or maintain market-leading positions. In today's competitive environment, financial institutions must differentiate themselves and bring value to continue to grow."

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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