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« March 22, 2015 - March 28, 2015 | Main | April 5, 2015 - April 11, 2015 »

April 03, 2015

Headline News from PaymentsNews.com - April 3, 2015

On the Web:

  • Trade Group Asks for Delay on Card-Security Plan - Wall St. Journal - "In a letter sent last week to Visa Inc.,MasterCard Inc.,American Express Co. and Discover Financial Services, the Food Marketing Institute said that merchants won’t be ready to meet an October deadline that will shift liability for fraudulent transactions from card-issuing banks to merchants."
  • Delta buckles up with Alipay as airlines tap mobile payments - Mobile Commerce Daily - "The strategy will see Delta become the first United States-based carrier to integrate Alipay onto its Web and mobile site, proving the brand’s ongoing efforts to better cater to Chinese customers."
  • Angel investors & VCs finally warm up to Bitcoin in India - Economic Times Tech - "The murky silhouettes surrounding the bitcoin notwithstanding, Indian investors are taking a closer look at the online payment system to understand its global potential."

On the Wires:

  • Delta Becomes the First U.S. Airline To Offer Alipay Payment and Improve the Ease of Online Booking from China - "This exciting new partnership is one of many Delta initiatives to build the most Chinese-friendly U.S. airline," said Vinay Dube, Delta's senior vice president – Asia Pacific. "As the U.S. and China have agreed to issue multiple-entry visas for up to ten years for short-term business and tourist travel, our partnership with Alipay will give more Chinese consumers the chance to experience traveling in the U.S. with our industry-leading product and service in flight and on the ground."

Glenbrook's 2015 Payments Education Update!

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!

April 02, 2015

Headline News from PaymentsNews.com - April 2, 2015

On the Web:

  • The PayPal Mafia’s Golden Touch - New York Times = "The PayPal Mafia — a nickname given a group of alumni of PayPal, the payments company that went public in 2002 and was acquired by eBay — has its hands in many, if not most, of today’s most valuable private tech companies."
  • UBS to Open Blockchain Research Lab in London - Wall St. Journal - "While many in financial services have expressed an interest in the underlying technology behind bitcoin, UBS’s is one of the first banks to go public with their plans. The idea is to get UBS more involved with the fintech crowd in London and open up to external innovation."
  • PayPal Makes Acquisition of Paydiant Official - PayPal Forward Blog - "PayPal is always looking forward, and we acquired Paydiant to help deepen our partnerships with our merchant customers. By bringing Paydiant into the PayPal family, we speed up our ability to offer merchants great ways to create their own branded wallets."
  • Silicon Valley Bank Strengthens Its Roots - New York Times - "Meyer Malka, the founder of the technology investing firm Ribbit Capital, said that when he opened Ribbit in 2012, there was no question that he would use Silicon Valley Bank, because of its industry expertise."
  • Like all mobile wallets before it, Apple Pay struggles with retailers - ArsTechnica - "The finding reflects one of the biggest stumbling blocks that Apple Pay and its competitors face in trying to get people to adopt mobile payments—the fact that no payment platform can control the experience a customer has when they walk into a brick-and-mortar store."
  • The Secret History of the Apple Watch - Wired - "Along the way, the Apple team landed upon the Watch’s raison d’être. It came down to this: Your phone is ruining your life."
  • Logging Into Your Bank in a Heartbeat - Celent - "Apple may not always come up with the idea in the first place, but by throwing their weight behind they can take the idea mainstream. Biometric authentication has existed for years, but it was Apple that really brought it to everyone’s attention when it first launched TouchID, and subsequently demonstrated with Apple Pay how biometrics can be used to authenticate a payments transaction."

On the Wires:

  • Ingenico Group and Intel to Bring Payments to the Internet of Things - “The shift in liability this October will be a major milestone in the United States for banks and credit card companies, but especially for retailers,” said Doug Davis, senior vice president and general manager, Internet of Things Group, Intel. “Intel and Ingenico Group are working to bridge the retail experience and security gap while also making sure devices are easy to deploy and manage so we don’t create new burdens for the merchants.”
  • Align Commerce Halves Cost and Time of Transactions in $24 Trillion International Payments Market - “The blockchain offers a ready alternative. The Align Commerce Payments Platform is the first in the industry to use this global rail to help small and medium-sized businesses quickly collect and receive payments in their local currency while avoiding high wire fees and various hidden fees.”
  • Mobile-Ordering Pioneer Tapingo Secures Additional $22 Million to Transform Local Commerce - “When you buy a coffee, you shouldn’t have to wait in line, pay at a register, then wait again,” says founder and CEO Daniel Almog. “Your phone should know what kind of coffee you like and make sure it’s available for you—where you need it, when you need it.”

Glenbrook's 2015 Payments Education Update!

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!

April 01, 2015

Headline News from PaymentsNews.com - April 1, 2015

On the Web:

On the Wires:

  • FIS Drives Digital Disruption from New Innovation Lab in San Francisco - “Our Digital Innovation Lab will serve as an entrepreneurial ‘garage’, where our engineers build new product prototypes with cutting-edge technologies,” said Doug Brown, SVP and GM, Mobile Financial Services, FIS. “Located in the U.S. hub for high-tech innovation, the lab is empowering FIS to set the pace of digital developments for the financial industry.”
  • Heartland and Verifone Renew Alliance; Announce EMV and Encryption Initiative - “A renewed alliance between Heartland and Verifone ensures merchants have access to the most secure and flexible payments solutions on the market today,” said Heartland Chairman and CEO Robert O. Carr. “Verifone’s popular VX terminals are both Heartland Secure-certified and support E3 encryption, providing merchants with an extensive range of payment device options.”
  • Advanced Cash Chooses BitPay to Offer Bitcoin Funding - "As the Bitcoin industry grows in transaction volume and technology development, companies like Advanced Cash need to have a scalable product to compete and meet customer expectations. With BitPay, they are able to provide reliable and efficient services to Bitcoin users by offering frictionless transactions powered by enterprise level software and support service."

Glenbrook's 2015 Payments Education Update!

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!

March 31, 2015

Headline News from PaymentsNews.com - March 31, 2015

On the Web:

  • Apple Pay Running Into Hurdles at Checkout Counter, Survey Finds - Bloomberg Business - "The majority of people who used Apple Pay said they did so because it was faster than a traditional credit card. Almost 60 percent they were using it because “it’s new, stylish or cool,” while 58 percent said they thought it was safer than a normal credit card."
  • Square Wants to Become a Platform — Here’s Why that Matters For Small Businesses - StreetFight - "Now, with millions of small businesses already using its application to process payments, the company needs to navigate through a complex and crowded small business software market to build a platform from which merchants can run their business."
  • The Most Important Question for Launching Your Digital Platform - MasterCard Blog (Ed McLaughlin) - "It was quite a trip down memory lane to revisit our strategy for launching and growing that business. Even more striking is how the same principles we applied online in the first-wave of internet use are even more vital to launching a new platform today, in a world where digital convergence is radically altering the day-to-day experiences, preferences, and habits of consumers."

On the Wires:

  • MasterCard Easy Savings® Program and Rakuten.com Provide Millions of Ways for Small Businesses to Save - “Easy Savings was built to make savings on everyday needs stress-free and simple—all you have to do is use your eligible MasterCard business card,” said Jay Singer, senior vice president, North America commerical products. “With the broad selection of goods and merchants that Rakuten.com offers and the services that BizEquity provides, we can now deliver even more value to our small business cardholders enrolled in the program.”
  • Moneris to work with Verifone as Exclusive Provider for its Countertop Terminal Solutions in United States - “We’re pleased to be able to work with Verifone as a key partner in our work to help U.S. merchants transition to EMV-enabled payment devices,” said Chris Lee, president, North American strategic partnerships and emerging markets. “Verifone is a leader in next generation EMV solutions and the VX 520 offers merchants a cost-effective, durable, feature-rich product that can manage everything from EMV to contactless payments.”
  • Criteo Report Reveals Consumers Increasingly Comfortable with Mobile Purchases - “Mobile commerce is growing like a weed,” said Jonathan Wolf, chief product officer, Criteo. “In just the last three months there was a 10 percent increase in mobile transactions in the US alone. Smartphones are now the majority of mobile transactions, and the growth of larger screen sizes and better mobile sites is only going to accelerate this trend.”
  • ProPay Announces ProFac Express for Payment Facilitators - “ProPay’s ProFac Express lets payment facilitators take immediate advantage of our industry-leading transaction processing platform – including online application, instant boarding, underwriting and more – while also empowering them to play an active role in the processing and client-service relationship.”
  • Global Payments’ OpenEdge Division Integrates Secure Payments Solutions with Carolina Software’s WasteWORKS Software Suite - “Everyone in the ecosystem understands that EMV represents a far superior security solution at the point-of-purchase,” stated OpenEdge President, Sid Singh. “Yet, developers face challenges ensuring merchants are ready to accept EMV payments within the POS system. EdgeShield solves this problem, so developers can integrate EMV swiftly and merchants can accept payments seamlessly.”
  • Ingenico Mobile Solutions Launches First and Only mPOS Solution for EMV Chip & Sign, Contactless and Magnetic Stripe Card Acceptance - “Merchants want options when it comes to EMV and NFC. With the RP450c, Ingenico Mobile Solutions now provides the first and only mPOS solution that enables acceptance of all payment types, with the most flexible connection options,” said David Szczepanski, COO at Ingenico Mobile Solutions.
  • Ingenico Group’s Wi-Fi Pay-at-the-Table Technology Brings EMV and NFC Tableside - “With the EMV liability shift and growing popularity of mobile wallets, merchants in the hospitality industry need to think differently about how they accept payment directly at the table,” said Gregory Boardman, Senior Vice President of Product and Development for Ingenico Group, North America. “This new Wi-Fi enabled addition to our iWL series ensures that Ingenico Group can meet the needs of any merchant that wants to implement a Pay-at-the-Table strategy, and in turn ensure EMV compliance.”
  • TransFirst Certifies Verifone’s Secure Commerce Architecture - “The certification of Verifone’s Secure Commerce Architecture is a major milestone for TransFirst,” said John Shlonksy, President and CEO for TransFirst. “It confirms our commitment to providing enhanced data security payment solutions to our merchants and sales partners that will not only reduce the scope of EMV certification, but also save their time and resources.”
  • Mozido Invests in HCE Pioneer SimplyTapp - “The mobile payments industry is in the midst of a transformation. With secure element-based NFC mobile payments struggling, the industry is leaning heavily towards a future of more open, HCE oriented mobile payment transactions,” said Michael Liberty, Mozido founder and chairman of global strategic initiatives. “By partnering with SimplyTapp, the pioneer and leader of HCE payments, Mozido will be at the forefront of this transformation.”
  • Mozido Invests in IdentityMind Global, Forms Partnership for Unprecedented Fraud Protection in Mobile Commerce - “Fraud prevention in e-Commerce and online transactions is most effective when the identity of the consumer or entity is known,” said Garrett Gafke, president and CEO of IdentityMind. “Our platform recognizes individuals based on a combination of attributes and helps validate how these attributes correlate against each other both online and offline. This is particularly important in mobile commerce where online merchants sacrifice collecting information for reducing friction in the mobile payment/registration process, and mobile adoption is larger within underbanked and unbanked demographics.”

Glenbrook's 2015 Payments Education Update!

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!

March 30, 2015

Headline News from PaymentsNews.com - March 30, 2015

On the Web:

On the Wires:

  • Contactless Card Payments enabled on Vodafone Wallet with Visa and Carta Worldwide - "Vodafone customers will soon be able to add bank cards to their Vodafone Wallet and use smartphones to pay for goods and services at contactless terminals, it was announced today. Following new agreements with Visa and Carta Worldwide, bank card payments via Vodafone Wallet will be enabled in European markets from the second quarter of 2015 onwards."
  • MasterCard Expands San Carlos Center of Excellence - "MasterCard today announced the expansion of its San Carlos Center of Excellence and the relocation of senior vice president of Emerging Merchants, Les Matthews, and his team to the company’s West Coast office. MasterCard will also add global communications support in San Carlos with the relocation of vice president, Worldwide Communications, Brian Gendron. The moves enhance the company’s presence on the ground in Silicon Valley – an important market for continuing to deepen MasterCard’s footprint with the tech community."
  • GTCR Announces Sale of Fundtech to DH Corporation - Aaron Cohen, Managing Director at GTCR, added: “This transaction marks another successful example of GTCR’s Leaders Strategy™, as we worked in partnership with an exceptional management team to execute this complex transformational merger. We are pleased that those efforts have resulted in building a market-leader in transaction banking software.”
  • According to New Chase Slate Credit Survey, Checking Your Credit Score Correlates to Financial Aptitude – Yet Gaps in Consumers’ Credit Health Awareness Still Exist - "The survey reveals that Americans who have previously checked their credit score consider a “good” score to be 719 on average1. This is 51 points higher than what is considered to be good by those who have never checked their score (668). What Americans may not realize is that even a score of 719 might not give them access to credit at the best rates."
  • TimesofMoney Announces Launch of 'Movit' - Talking about Movit, Avijit Nanda, Chief Executive Officer, TimesofMoney, says, “TimesofMoney has several success stories to its credit. We have engaged with international clients for Movit and in fact are in the process of deploying it in Africa currently. Since Movit’s primary delivery channel is the mobile phone, it gives a huge thrust to the financial inclusion agenda of governments in emerging economies of India, Asia & Africa where there is an ever-increasing mobile penetration.”
  • Powa Technologies and Merchant e-Solutions Partner to Support POS Application Developers’ Go-To-Market Strategies - “PowaPOS has a unique position in the tablet-based payments market right now. Its fully integrated hardware and universal OS support makes it particularly attractive to POS software developers and to us,” said Tom Bell, CEO, Merchant e-Solutions. “By partnering together, we’ll be able to provide developers with the best payments processing and hardware solutions on the market today.”

Glenbrook's 2015 Payments Education Update!

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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