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August 13, 2015

Headline News from PaymentsNews.com - August 13, 2015

On the Web:

On the Wires:

  • Samsung Announces Launch Dates for Groundbreaking Mobile Payment Service: Samsung Pay - "Samsung Electronics Co., Ltd., unveiled today that Samsung Pay, a secure and easy-to-use mobile payment service that can be used to make purchases nearly everywhere cards are accepted, will launch in Korea on August 20 and in the U.S. on September 28. Samsung plans to roll out the service in the U.K., Spain and China, with partners to be named in each market."
  • Synchrony Financial Enables Private Label Credit Card Benefits Through Samsung Pay - “We continue to make our cards valuable to consumers, retailers and merchants and are pleased to securely offer the benefits of our private label credit cards through Samsung Pay,” said Margaret Keane, president and CEO of Synchrony Financial. “Through our ongoing innovation and strategic partnerships, we have developed a mobile platform that we can rapidly integrate with providers’ wallets while preserving the value of Synchrony Bank’s private label credit cards and patented Dual Cards for whichever mobile wallet our partners and customers choose.”
  • Samsung Joins the Visa Digital Enablement Program - “Samsung Pay is now one more way consumers can make secure payments based on tokens -- technology that is quickly becoming the standard for safe mobile payments,” said Jim McCarthy, Executive Vice President of Innovation and Strategic Partnerships at Visa. “Similar to how Samsung Pay is reaching mass merchant acceptance on day one, VDEP is making it easy and cost-effective for payment providers, financial institutions and technology companies like Samsung to take full advantage of token technology and bring secure mobile payments to consumers everywhere.”
  • Discover to Bring Samsung Pay to Cardmembers - “Discover remains committed to providing cardmembers with simple, convenient and versatile payment options,” said Diane Offereins, Discover’s president of payment services. “Adding Samsung Pay expands our ability to offer innovative and secure mobile payment services, enhancing the customer experience that cardmembers have come to expect from Discover.”
  • Heartland, VersaPay Help Merchants Move to Electronic Invoicing - "Heartland Payment Systems and VersaPay have announced they are collaborating to help merchants improve their accounts receivable through a cloud-based software solution utilizing the Heartland Portico™ Gateway and VersaPay ARC® platform."

Glenbrook's 2015 Payments Education

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!

August 12, 2015

Headline News from PaymentsNews.com - August 12, 2015

On the Web:

On the Wires:

Glenbrook's 2015 Payments Education

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!

August 11, 2015

Headline News from PaymentsNews.com - August 11, 2015

On the Web:

On the Wires:

  • Rite Aid Stores Nationwide to Begin Accepting Mobile Payments August 15 - “Increasingly, consumers are actively seeking out and incorporating mobile technology into many facets of their life, including their shopping and purchasing decisions,” said Ken Martindale, CEO of Rite Aid stores and president of Rite Aid Corporation. “By accepting mobile payments, we’re able to offer Rite Aid customers an easy and convenient checkout process, which we know is important to them.
  • Nymi, TD and MasterCard Announce World's First Biometrically Authenticated Wearable Payment Using Your Heartbeat - "The Nymi Band is a secure and continuous wearable authenticator that identifies a user based on their unique heartbeat (or electrocardiogram) through proprietary Nymi technology called HeartID™. Nymi has developed an NFC-enabled prototype of the Nymi Band for these pilots, which is linked to a user's MasterCard."
  • Canadian Payments Association Launches Initiatives to Support Modernization of Canada's Payments System - "The Canadian Payments Association (CPA) announced today two key initiatives to support its multi-year project to modernize Canada's core payments infrastructure. The CPA has begun a process to create a shared industry vision for the future of payments, and at the same time, is launching a public consultation on the introduction of a new global payments messaging standard."
  • Envestnet to Acquire Yodlee - "Yodlee is the preeminent name for data in financial services today. The core of every financial transaction and every financial decision is data. The Yodlee platform brings together client permissioned financial data and analytics in unique ways to power personalized and dynamic financial apps and generate business insights," said Bill Crager, President of Envestnet.
  • Global Card Fraud Losses Reach $16.31 Billion — Will Exceed $35 Billion in 2020 According to The Nilson Report - “Multiple factors contributed to that gap,” said David Robertson, Publisher of The Nilson Report. “Nothing mattered more than the lack of an EMV-compliant infrastructure.”
  • Moneris Launches PAYD Product Family Empowering Businesses to Accept Payments Anywhere in the U.S. - “Moneris is pleased to be one of the first to bring an EMV-enabled mPOS solution to the U.S. market,” said Chris Lee, President of North American Strategic Partnerships, Moneris. “PAYD Pro offers the latest security features and payment technology, while providing the convenience of quick and efficient mobile transactions."
  • Mobile Payments Start Up PaidEasy Closes $2,000,000 Seed Round of Funding - "With seamless integration into each individual merchants Point of Sale system, PaidEasy gives its users the ability to open, view, split, tip and pay their bills in real-time. PaidEasy will be available at both restaurants and bars to start with plans for other verticals in the hospitality industry for the immediate future."
  • Apple Pay™ Now Available to Bellco Members - “Our commitment to our members is to offer them the best, most convenient banking experience possible, and adding Apple Pay is just one more way we are working to live up to that commitment,” said Doug Ferraro, CEO of Bellco Credit Union. “Not only is Apple Pay simple and convenient, but it also adds a layer of privacy and security to making digital or in-store payments.”

Glenbrook's 2015 Payments Education

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!

August 10, 2015

Headline News from PaymentsNews.com - August 10, 2015

On the Web:

  • When One App Rules Them All: The Case of WeChat and Mobile in China - A16Z.com Blog - "This post is all about WeChat, but it’s also about more than just WeChat. While seemingly just a messaging app, WeChat is actually more of a portal, a platform, and even a mobile operating system depending on how you look at it."
  • The Finanser Interviews: Kosta Peric, the Bill & Melinda Gates Foundation - Financial Services Club Blog - "Our goal is that the payment infrastructure supports the national currency. The majority of the users have to purchase things, to pay schools, to send money and this means that we need to use the national currency. Of course, bitcoin as a currency can be useful in some specific cases, like international remittances. But the major use cases of mobile money will be with the national currency."
  • ANZ Bank hires tech panel to advise board - ITnews - "ANZ has appointed Twitter APAC head of online sales Aliza Knox, former head of global retail and strategic development for PayPal Don Kinsborough, former CIO of Procter & Gamble Filippo Passerini, and head of strategy and engagement for Dimension Data Gerard Florian to the panel."

On the Wires:

  • American Express Adds Apple Pay for U.S. Corporate Cards - "Apple Pay allows American Express® Card Members to add their eligible Corporate Card and pay with their mobile devices at contactless merchants in stores, or within participating apps that accept American Express. American Express added Apple Pay for Consumer Cards and OPEN Small Business Cards in late 2014."
  • CashStar and Maritz Motivation Solutions Announce Strategic Partnership to Deliver Personalized Digital Gift Card Offerings - “Maritz has established themselves as a clear leader in the loyalty and incentives market,” said Ben Kaplan, president and CEO of CashStar. “The strategic partnership with Maritz Motivation Solutions is a major proof point of CashStar’s increasing leadership in B2B gift card distribution.”
  • Aussie Firm Lokket Takes Apple Wallet to Chip & Pin (EMV) - “Consumers are increasingly mobile-first when it comes to making purchase decisions. By marrying real-time personalized mobile marketing messages with existing in-store redemption tools such as Chip & Pin (EMV) terminals, eliminates a lot of the headaches for retailers,“ said George Kaloudis, CEO & Founder of Lokket.

Glenbrook's 2015 Payments Education

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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