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« November 1, 2015 - November 7, 2015 | Main | November 15, 2015 - November 21, 2015 »

November 13, 2015

Headline News from PaymentsNews.com - November 13, 2015

What I'm Reading

  • This weekend your editor will be reading a book recommended by one of our readers (Joel F.): Revolutionary Summer: The Birth of American Independence by Joseph J. Ellis.
  • A distinctive portrait of the crescendo moment in American history from the Pulitzer-winning American historian, Joseph Ellis. From Amazon's review: "Reading Revolutionary Summer is like receiving a distinguished lecture from a man who has dedicated many fruitful decades to breathing life into our understanding of history—he makes Washington, Adams, Jefferson, and others of the era come alive for the reader."
  • How about you? What are you reading? Drop me a quick note and tell me about it: editor@paymentsnews.com

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!

November 12, 2015

Headline News from PaymentsNews.com - November 12, 2015

On the Web

  • Paying Your Pals With Digital Options From Venmo to Facebook - ABC News - "Cash is passe, say digital mavens. If you really want to pay your friends back for that pizza party, use an app to shoot money to their mobile-phone number — or their Facebook account."
  • What lies behind the JPMorgan Chase cyber-attack - Economist - "The proceeds, since the scams started in 2007, amount to hundreds of millions of dollars. They stole personal data relating to more than 100m people, 83m of them customers of JPMorgan Chase."
  • Sending money overseas: could the blockchain hold the answer? - "By combining our experience as the largest payments network in the world, with Epiphyte’s knowledge of the distributed ledger, we’re hoping we can identify ways to improve the experience and better understand how these findings might be applied to remittance processes in the future."
  • New York FinTech Innovation Lab 2016 - AVC.com (Fred Wilson) - "If you are starting or building a company that is focused on the fintech sector and would like some help on strategy, product market fit, and business development, this is a great program to consider."

On the Wires

  • PayPal Completes Acquisition of Xoom - "Xoom will operate as a separate service within PayPal under the continued leadership of John Kunze, who has joined PayPal’s executive staff and will report to PayPal CEO Dan Schulman."
  • Chase Celebrates the Holidays with VIP Lounges for United MileagePlus® Cardmembers - “Every year we look forward to providing the VIP Lounge experience for United MileagePlus Cardmembers to enjoy some much needed relief from the hectic holiday shopping crowds,” said David Gold, general manager, Chase. “Whether it’s heading to the mall or traveling on vacation, we always look for exciting ways to give our Cardmembers unique benefits and special programs, such as the VIP Lounge and Inside Access events.”
  • MasterCard Expands Consumer Protection Across the Globe - “Over the past few years, consumers have grown increasingly concerned about the security of their data and account information, and liability for unauthorized transactions,” said Nancy O’Malley, chief payment system integrity officer, Enterprise Security Solutions at MasterCard. “With this new global program, we, together with our issuers, are providing our cardholders with additional peace of mind regardless of where they live or travel.”
  • MasterCard Announces Executive Appointments - "Ed McLaughlin has been named chief information officer." "Garry Lyons, chief innovation officer, will now lead the Digital Payments and MasterCard Labs organizations." "Raja Rajamannar, chief marketing officer, will add communications to his responsibilities." "Chris Monteiro will become chief communications and digital marketing officer, reporting to Rajamannar."
  • SWIFT Institute: New research evaluates real-time payment systems - "The report, entitled “Near Real-time Retail Payment and Settlement Mechanism Design” by Zhiling Guo, Robert J. Kauffman, Mei Lin, and Dan Ma from the School of Information Systems at Singapore Management University focuses on the development of a ‘hybrid priority queuing mechanism’ for faster payment settlement systems."
  • Heartland, The Pinnacle Corporation First to Offer Integrated EMV POS Solution for Convenience Petroleum Merchants - "Heartland and Pinnacle’s Palm POS™ system provides petro retailers with the highest level of protection available against card-present data fraud and will accept EMV chip-cards for indoor and contact transactions."
  • Credit Karma Launches Direct Dispute Feature to Help the One in Four Americans with a Credit Report Error - “Nearly half of Americans have not checked their credit report2, so many have errors which might be hurting their credit score. We want to change that,” said Ken Lin, founder and Chief Executive Officer of Credit Karma. “Our online Direct Dispute feature lets our members easily take action as soon as they see an error."

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!

November 11, 2015

Headline News from PaymentsNews.com - November 11, 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!

November 10, 2015

Headline News from PaymentsNews.com - November 10, 2015

On the Web

On the Wires

  • £250,000 Faster Payments Open for Business - "Banks and building societies can enable their customers to send Faster Payments of up to £250,000 per payment from today (Tuesday 10 November 2015), following an increase to the scheme limit announced by Faster Payments Scheme Limited (FPSL)."
  • U.S. Bank Launches First Mobile Payment App for General Aviation - "Private and business aviation pilots can now pay for fueling and services directly from their phones with a new app from U.S. Bank Multi Service Aviation. MSA Pay, which went live this week, is the first mobile payment app in the general aviation space, designed specifically for the ordering, payment and back office needs of pilots."
  • U.S. News & World Report Releases the Best Credit Cards Rankings - "U.S. News & World Report, a nationally recognized publisher of consumer advice and information, has released a Best Credit Cards web portal to help the estimated 167 million American adults who have a credit card make smarter decisions about which ones to include in their wallet."

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!

November 09, 2015

Headline News from PaymentsNews.com - November 9, 2015

On the Web

On the Wires

  • PAX Appointed Leading Payment Vendor at Russia's Sberbank - "PAX Technology, a global leader in the provision of secure electronic payment terminal solutions, has become the major payment terminal supplier to Sberbank, the largest bank in Russia."
  • ShopWithMe Introduces the World's First Smart, Interactive Retail Store - "Jonathan Jenkins, Founder and CEO of WithMe, created a "smart store" to bring the best of both offline and online shopping together under one roof, while creating personalized experiences for every shopper. The store itself is completely mobile, and designed to be mass-produced so they can be deployed across the US or shipped anywhere around the world."

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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