Payments News from Glenbrook Partners
Glenbrook   Book   Education   Views   Archives   Store   Advertise   About         SUBSCRIBE:

« November 2016 | Main | January 2017 »

December 23, 2016

Headline News from PaymentsNews.com - December 23, 2016

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

Best wishes for the holidays from all of us at Glenbrook!

ON THE WEB

  • Bitcoin’s price is surging again, but there’s another measure that really shows its value - Quartz - "The value of a single bitcoin has skyrocketed this year, and hit $874 today (Dec. 22). It’s not the highest price ever for bitcoin, which traded at $1,165 in November 2013. But with the 2016 rally, the cryptocurrency has achieved a different but related milestone: The value of all bitcoin in circulation is now at an all-time high."
  • Paytm is paying a price for its sudden stardom - Quartz - "This sudden success stirred up some trouble for Paytm and its CEO. Over the past few weeks, Sharma and Paytm have come under fire for everything from insensitive advertising and technical glitches to allegations of an alleged copyright infringement and incidents of fraud and cheating."
  • China becoming global technology hub - CRI - "In China, paying via credit cards has never been mainstream. Most Chinese consumers, about 40%, prefer new mobile payments like Alipay and Wechat, shows a report released by Ernst & Young."
  • What Happens When You Roll an Online Lender, a Robo-Adviser, and Bitcoin into One? - Wall Street Journal - "An eight-person startup outside of Seattle is gunning for the fintech trifecta. Algorithmic Inc., a Bellevue, Washington-based investment adviser, is launching a new credit fund that combines three of the hottest trends in the financial-technology sector: online lending, robo advisory and the technology that underpins the digital currency bitcoin."
  • Learning from a Year of Security Breaches - Medium - "These lessons come from my consolidated notes of those incidents. I mostly work with tech companies, though not exclusively, and you’ll see a bias in these lessons as a result."

ON THE WIRES

GLENBROOK PAYMENTS EDUCATION EVENTS

Glenbrook's 2016 boot camps are done but there's more to look forward to. Our next Glenbrook payments education events are in San Jose, CA, New York, NY, and Atlanta, GA. See our spring schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

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 22, 2016

Headline News from PaymentsNews.com - December 22, 2016

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

Best wishes for the holidays from all of us at Glenbrook!

ON THE WEB

  • Royal Canadian Mint joins Goldmoney blockchain platform - Finextra - "Goldmoney users can now purchase any amount of 100% reserved physical gold in the Mint’s Ottawa vault using the private firm's proprietary, closed-loop blockchain technology, for a 0.50% fee and receive free storage for up to 1,000 grams. "
  • Cybersecurity: A Race Without a Finish Line - Wall Street Journal - "Peter Beshar, executive vice president and general counsel of Marsh & McLennan Companies, a global professional services firm that includes Marsh, an insurance brokerage and risk advisor, speaks about the current state of cyberthreats, what companies should be doing to protect themselves and the potential impact the Trump administration will have on cybersecurity."

ON THE WIRES

GLENBROOK PAYMENTS EDUCATION EVENTS

Glenbrook's 2016 boot camps are done but there's more to look forward to. Our next Glenbrook payments education events are in San Jose, CA, New York, NY, and Atlanta, GA. See our spring schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

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 21, 2016

Headline News from PaymentsNews.com - December 21, 2016

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

Best wishes for the holidays from all of us at Glenbrook!

ON THE WEB

  • Episode 45 – False Declines and Ethoca’s Role - Glenbrook’s Payments on Fire podcast - "In this Payments on Fire podcast, Glenbrook‘s George Peabody discusses the false decline issue with Ethoca’s CMO Keith Briscoe as well as the company’s program to encourage more merchants and issuers to take advantage of its shared data service."
  • PayPal Files Copyright Suit Against India's Digital Payment Provider Paytm - eMarketer - "In what many are calling a tactical move to stymie a competitor, PayPal has pushed forward on a copyright suit against Paytm, a leading digital payment service in India."
  • Hungary’s national bank to launch instant payments through mobile phone numbers - NFC World - "A proposal from Hungary’s central bank Magyar Nemzeti Bank (MNB) for the launch of an instant payments service that will allow consumers to initiate a payment using only the mobile phone number of the recipient, with transactions completed “in a matter of seconds”, has been approved by the country’s Financial Stability Board."
  • Apple Pay adds support for new Chinese banks and credit unions (Update: U.S. banks too) - 9to5Mac - "While Apple originally launched Apple Pay in China last February with a handful of partners, it’s been slowly adding support for more banks and credit unions in recent months, much the same way the company has rolled out the service gradually in other markets."
  • Mastercard, Visa work to make mobile pay safer - Mobile Commerce Daily - "Mastercard and Visa will now be trading tokenized numbers in regards to customer’s credit cards to be used in their respective mobile pay platforms. For instance, customers with Mastercard credit cards who would like to use Visa Checkout will be able to do so without the platform keeping their credit card number and vice versa."
  • Square Wants to Play With the Big Boys - Barron’s Next - "The maker of those iPad-attached card readers now has set its sights on larger merchants. That could open up sizable opportunities for Square, since its business from big merchants is now growing five to six times faster than its traditional business focused on small sellers, according to analysts at Instinet, which picked up coverage of Square on Tuesday."
  • The race to fix Nigeria’s payments problem just received a big boost - Quartz - "Over the past year however, new start-up entrants have been focusing on solving a problem regarded as a bane to the growth of the country’s tech ecosystem. One of those entrants, Paystack, founded by Shola Akinlade and Ezra Olubi, has gained traction and rave reviews. Acting as an “intelligent bridge” between merchants and payments processors, Paystack connects to multiple payment processors and provides more options for merchants and customers."
  • Wari and Mastercard Dedicated to Fighting Cash in 35 African markets - Payments Afrika - "Wari and Mastercard signed a Strategic Alliance Agreement that will help strengthen the Wari offering for its users but also the digital payment ecosystem in 35 African markets. The two technology companies reinforced their focus on providing all citizens with access to secure and easy to use financial solutions, removing the need for cash and delivering more efficient ways for people to pay for goods and services. In support of this commitment, a suite of digital payment solutions will be introduced across the existing Wari network."
  • Pew: Most Large Banks Fail to Meet Overdraft Best Practices - Pew Charitable Trust - "Most of the largest U.S. banks continue to charge high, and often multiple, fees each time a customer incurs an overdraft. Additionally, more than 2 in 5 banks rearrange transactions in a manner that maximizes overdraft fees. Further, overdraft programs at a selection of small banks throughout the country are comparable in many respects to those at the large banks, with a few notable differences. "
  • BNP Paribas applies blockchain technology to corporate payments - Finextra - "Jacques Levet, head of transaction banking Emea at BNP Paribas CIB, comments: "This proof-of-concept demonstrates that blockchain technology offers real opportunities to considerably improve our offer for corporate treasury managers. On the payments front, this confirms our strong commitment to follow closely and further accelerate our participation in a number of market initiatives aiming at improving the corporate payments experience using blockchain technology.”"
  • The Human Cost of Next Day Delivery - Business of Fashion - "“It’s a business model that JD Sports and Sports Direct and Amazon and ASOS have bought into … The vagaries of online retail and fashion are such that it will have peaks and troughs in demand and the way they’re going to deal with that is to have a very, very flexible work force and pay them the lowest rate they can,” says Neil Derrick, Yorkshire regional secretary at GMB (Britain’s General Union), which is supporting some of ASOS’s warehouse workers."

ON THE WIRES

  • Arvato Financial Solutions signs agreement with NuData to combat fraud - "In order to provide a one-stop fraud prevention suite, Arvato Financial Solutions has chosen NuData’solution which integrates behavioural analytics and passive biometrics with a common platform. Arvato also seeks to provide a frictonless experience for legitimate customers while protecting against abuse."
  • InComm to Launch PlayStation™Network Prepaid Products into Indonesia 7-Eleven Stores - "InComm, a leading prepaid product and transaction services company, announced today that, together with MOL Global, Inc., the two companies are launching PlayStation™Network prepaid products to be distributed through 7-Eleven stores in Indonesia. MOL Global is a leading e-payment enabler for online goods and services in emerging and developed markets."

GLENBROOK PAYMENTS EDUCATION EVENTS

Glenbrook's 2016 boot camps are done but there's more to look forward to. Our next Glenbrook payments education events are in San Jose, CA, New York, NY, and Atlanta, GA. See our spring schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

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 20, 2016

Headline News from PaymentsNews.com - December 20, 2016

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

ON THE WEB

  • Episode 44 – On Privacy, IoT, and Security – Online Trust Alliance - Glenbrook’s Payments on Fire podcast - "Multiple organizations have emerged to address different aspects of security, privacy, and identity. In this Payments on Fire Podcast, Glenbrook‘s George Peabody speaks with Craig Spiezle, Executive Director of the Online Trust Alliance, an organization bringing together privacy and security best practices for a range of industries, including payments. Take a listen to this conversation about the security challenges ahead, especially around the Internet of Things."
  • Lloyds Buys Bank of America’s Credit Card Unit MBNA for $2.4 Billion - Wall Street Journal - "Lloyds Banking Group PLC said Tuesday it is buying Bank of America Corp.’s U.K. credit-card business MBNA Ltd., for £1.9 billion ($2.35 billion), the British bank’s first major acquisition since its bailout during the financial crisis."
  • Brazil to Crack Down on 476% Annual Credit Card Rates, Again - Bloomberg - "Last week, Temer unveiled a package of microeconomic measures aimed at stimulating growth. Among them, a proposal to reduce exorbitant credit card fees. The central bank is expected to discuss the issue at a Tuesday press conference. Congress’s finance and taxation committee is also debating measures to limit the amount of interest charged by credit card operators in Brazil, with one deputy proposing a ceiling of 12 percent per year."
  • Walmart leverages its MoneyCard app to help customers save - Mobile Commerce Daily - "Retail giant Walmart is partnering with Green Dot to debut a new prize-based savings incentive program run through the former’s MoneyCard service."
  • New York City brings smartphone payments to metered parking - TechCrunch - "Starting this week, metered parking spots in midtown Manhattan are going mobile with a new system that lets drivers pay via smartphone. The new ParkNYC app is tied to a car’s license plate number, working along the lines of an EZPass."

ON THE WIRES

  • NCR Software Platform Strategy Resonating in Marketplace - "According to IDC, NCR continues to be a leader in the retail point-of-sale (POS) technology market, and with Retail ONE, the company has introduced a platform for commerce that can be the commerce hub for sales, payments, fulfillment, and marketing. NCR is uniquely positioned to serve a long list of retail segments, including food, drug and mass merchandise, department and specialty retail, and petroleum and convenience retail."

GLENBROOK PAYMENTS EDUCATION EVENTS

Glenbrook's 2016 boot camps are done but there's more to look forward to. Our next Glenbrook payments education events are in San Jose, CA, New York, NY, and Atlanta, GA. See our spring schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

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 19, 2016

Headline News from PaymentsNews.com - December 19, 2016

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

ON THE WEB

  • Making Blockchain Real for Enterprises: The Importance of Tokenization - Coindesk - "The result is a situation in which banking systems are buried in firewalls, with amazingly cumbersome operational procedures required to make any changes, and with ledger technologies designed for security and scalability at the expense of development agility and innovation. And, you know what, I am happy they are this way, since it is our money that we are talking about here. But the beauty of distributed ledgers is that, suddenly, they give us a way to transact safely outside of these (very expensive) super-secure but cumbersome core banking systems, and this is not only because of the use of cryptography, but because of their distributed nature."

ON THE WIRES

GLENBROOK PAYMENTS EDUCATION EVENTS

Glenbrook's 2016 boot camps are done but there's more to look forward to. Our next Glenbrook payments education events are in San Jose, CA, New York, NY, and Atlanta, GA. See our spring schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

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 16, 2016

Headline News from PaymentsNews.com - December 16, 2016

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

ON THE WEB

  • The ITU Digital Financial Services Focus Group Wraps Up - Glenbrook’s Payments Views - "Glenbrook’s Carol Coye Benson and Allen Weinberg were active members of the group: Carol ran the “Ecosystem Working Group” and Allen led a group of people on in-depth research and exploration of topics relating to merchant acceptance of payments in emerging economies. Glenbrook partner Elizabeth McQuerry was at the closing session, participating on a panel discussion of “New Frontiers in Regulation.”"
  • The OCC’s Proposed Fintech Charter: If It Walks Like a Bank and Quacks Like a Bank, It’s a Bank - Paul Hastings blog - "The OCC recognizes that the demographics of the financial marketplace also are changing with 85 million millennials becoming consumers of financial services—a demographic that has come of age using and relying on technology. As the Whitepaper notes, these market forces have resulted in technology-driven nonbank companies seeking new ways to deliver financial products and services. While frequently viewed as competition to traditional banks, given the challenges of bank regulation, technology companies frequently consider whether to become banks themselves. The Fintech Bank Charter may be a vehicle to do so. "
  • Introducing the new Google Wallet experience on the web - Google blog - "We're excited to introduce the new Google Wallet web experience (wallet.google.com) just in time for the holidays. Available across all browsers, the updated Wallet website has a brand new look and added features, which will make planning that New Year's trip with friends a breeze."
  • London fintech startup Curve brings mobile wallet and all-your-cards-in-one app to Android - TechCrunch - "The mobile wallet lets you sync your debit and credit cards into a single app and to the accompanying Curve card powered by MasterCard. You then simply select which card you want the Curve card to act as a conduit for any payments you make offline or online, meaning you only need to carry a single physical card with you."
  • GoDaddy adds Apple Pay support for its customers’ mobile sites - Mobile Commerce Daily - "GoDaddy is bringing Apple Pay to its Online Store platform, letting Web site owners who use its platform to accept mobile payments and increasing mobile sales."
  • ‘Billion-Dollar Desktop Days’ on a Record Run - eMarketer - "Since Thanksgiving, daily online purchasing via desktop computers has topped $1 billion for 19 straight days through Monday, far surpassing last year’s record of nine consecutive billion-dollar days, according to comScore."
  • Barclaycard Henry’s Café and Bar London bar tests contactless self-serve beer pump - NFC World - "The Pay @ Pump device has been designed by Barclaycard, following research by the company that revealed more than a quarter of British consumers (28%) are calling for contactless payments to be made available in every pub and bar nationwide. Some 19% said they would like to see pubs and bars install contactless beer pumps."

ON THE WIRES

GLENBROOK PAYMENTS EDUCATION EVENTS

Glenbrook's 2016 boot camps are done but there's more to look forward to. Our next Glenbrook payments education events are in San Jose, CA, New York, NY, and Atlanta, GA. See our spring schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

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 15, 2016

Headline News from PaymentsNews.com - December 15, 2016

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

ON THE WEB

  • Non-cash payments set to soar - Information Age - "The value of non-cash payments in the US and UK will reach $46 trillion and £1.44 trillion respectively by 2026, new research from global law firm Paul Hastings has revealed today. In the US, this is a 36% increase on 2016’s figure of $33 trillion, with there being 221 million contactless mobile payment users within a decade."
  • Accelerating the Adoption of Tokens to Benefit Banks, Merchants and Consumers - Mastercard - "To continue to drive the wider adoption of tokens – an effort supported by both our bank and merchant partners – we recently signed an agreement with Visa that will accelerate the adoption of tokens in Masterpass and Visa Checkout. The reciprocal tokenization agreement allows Visa to request tokenized Mastercard payment credentials from Mastercard for provisioning into Visa Checkout, and for Mastercard to request tokenized Visa credentials from Visa for provisioning into Masterpass."
  • Yahoo and Other Breaches Drive Surge in Corporate Hacking Insurance - Wall Street Journal - "Cyberinsurance is the fastest-growing insurance product in America, fueled by a slate of recent corporate and government hackings."
  • The Tapscotts on Blockchain in 2016 and What’s Next - Coindesk - "2016 was the year that many bank CEOs woke up to both the threat and the opportunity of the blockchain. At a meeting of 50 CEOs of the 50 largest banks back in January, most were skeptical. Now most are investigating how this technology might transform their companies and industry services."
  • Android everywhere: If it has a screen, it will probably run Android soon - Ars Technica (Page 2 for section on ATMs) - "As part of the never-ending quest for ATM security, the Android build in the Cx110 is actually a thin client. As a node in NCR's "Kalpana Enterprise Software Platform," NCR has turned the ATM from a fully fledged computer with minimal network communications to a thin client with centrally managed "application, security, and operational components." As an open source OS, NCR can strip away everything they don't need, greatly reducing the attack surface."

ON THE WIRES

GLENBROOK PAYMENTS EDUCATION EVENTS

Glenbrook's 2016 boot camps are done but there's more to look forward to. Our next Glenbrook payments education events are in San Jose, CA, New York, NY, and Atlanta, GA. See our spring schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

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 14, 2016

Headline News from PaymentsNews.com - December 14, 2016

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

ON THE WEB

  • Two fifths of global card-present payments use EMV standard - NFC World - "More than two fifths of all card-present transactions conducted globally (42%) between July 2015 and June 2016 used the EMV chip card standard, up from 33% for the previous 12-month period, standards body EMVCo has revealed."
  • ACH Volumes Continue Their Hot Streak With Nearly 6% Growth in the Third Quarter - Digital Transactions - "Continuing the stepped up growth rate it’s seen for nearly two years, the automated clearing house network’s transaction volume grew 5.7% in the third quarter, slightly better than the second quarter’s 5.6% growth rate."
  • Swift’s Global Head of Banking Argues Blockchain Isn’t a Disruption - Coindesk - "Companies like distributed ledger startup Ripple and others have set the global financial messaging platform square in their sites as the ultimate middleman to be cut out of the loop. But this is not Swift’s first time facing the potential benefits, and threats, of a new technology. Swift’s global head of banking, Harry Newman, is also the sponsor of both his firm’s current blockchain applications. Having run a series of tests on two very different blockchain use cases, he’s come to the conclusion that there’s nothing to fear from blockchain."
  • Introducing Braintree’s Commerce Infrastructure Tools - Braintree blog - "At their core, the commerce infrastructure tools are a set of APIs that address the complexities of sharing customer and payment data between parties. With these new APIs, merchants or platforms have the ability to create their own experiences, both in app and on their site, by being able to securely share payment data with any party they choose to partner with, regardless of payment processor, all while remaining PCI compliant. "
  • ‘Tis The Season For Scams: How Blockchain Helps Prevent Brand Fraud - Retail Touch Points - "As the sheer volume of e-Commerce transactions increases over time, it is becoming more difficult for retailers and brands to decipher between legitimate and fraudulent activity. Companies are searching for new products and procedures to quickly identify fraudulent transactions and returns. One-way to authenticate goods is by using a blockchain"
  • Here's the Biggest Smartphone Feature for 2017 - Tom’s Guide - "The next big feature in your smartphone might be closer than you think. Synaptics today (Dec. 13) announced a new line of optical fingerprint sensors that will allow phone makers to place the sensor, complete with biometric technology, under the glass on the front of the phone."

ON THE WIRES

  • Consumers Aren't Averse to Debt and Credit - They're Averse to Uncertainty - "Drawing upon a survey of 1,089 U.S. individuals between the ages of 22 and 44, the study reveals that while a large percentage of consumers worry about the mismanagement of credit cards, they are simultaneously open to a healthy amount of debt. Consumers recognize the necessity of credit, but have real concerns about its sometimes confusing terms."
  • Signifyd and ThreatMetrix® Combine Machine Learning and Digital Identities to Eliminate Online Payment Fraud - "Signifyd’s VP of Partnerships, Skye Spear, summarizes what the partnership means for ecommerce merchants, “ThreatMetrix provides global shared intelligence on more than a billion digital identities. The ThreatMetrix Digital Identity Network provides additional insights for Signifyd’s machine learning capabilities enabling us to authenticate orders from customers who may have previously been denied. We’re able to incorporate additional data in real-time to identify and mitigate sophisticated fraud scenarios across one or more of our customers emulating multiple buying identities. Our goal is to increase decision confidence for online merchants through a managed service that’s backed by a financial guarantee.”"
  • In A Digital World, Consumers Expect Multi-Channel Financial Services Yet Many Still Prefer the Branch, Reveals Fiserv Research - "Fiserv, Inc. (NASDAQ:FISV), a leading global provider of financial services technology solutions, has released the results of Expectations & Experiences, its quarterly consumer trends survey. Consumers increasingly expect financial services on-demand and on their terms, and the study revealed that transaction type and life stage often relate to how people bank. While a majority of consumers prefer online or mobile banking, and those channels are far more frequently accessed for day-to-day interactions, a surprisingly high number of consumers still visit the branch."

GLENBROOK PAYMENTS EDUCATION EVENTS

Glenbrook's 2016 boot camps are done but there's more to look forward to. Our next Glenbrook payments education events are in San Jose, CA, New York, NY, and Atlanta, GA. See our spring schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

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 13, 2016

Headline News from PaymentsNews.com - December 13, 2016

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

ON THE WEB

  • In Global First, India Offers Discounts for Payments Made Online - Bloomberg - "Exactly 30 days after junking existing high-value 500 and 1,000 rupee notes, Finance Minister Arun Jaitley sought to draw Indians toward digital payments by offering up to 10 percent off on insurance policies, highway usage and concessions on train travel. The government will also waive service tax on online transactions below 2,000 rupees ($29.6), he added. Apart from these, there will be a 0.75 percent discount at petrol stations even though oil companies currently add a surcharge for using debit or credit cards."
  • Mastercard highlights European financial exclusion issue - IBS - "Financial exclusion is not just a developing markets problem – millions of those affected live in Europe’s richest countries, new Mastercard research shows. Of those who are financially excluded across Europe, a third are employed full time and 35% are aged 18-34. 138 million Europeans are without a bank account or payment methods."
  • Android Pay launches in Japan with prepaid card provider - NFC World - "Google has launched its Android Pay mobile payments platform in Japan in collaboration with prepaid card provider Rakuten Edy, allowing consumers to make payments with their compatible devices at more than 470,000 locations accepting Rakuten Edy eMoney."
  • SA payments startup SnapScan acquired by Standard Bank 0 - Disrupt Africa - "zSouth Africa’s Standard Bank has acquired a majority stake in Firepay, the company behind mobile payments solution SnapScan. Firepay, formed in 2013, launched SnapScan in partnership with Standard Bank in 2014. The product allows users to pay for good and services by scanning a QR code on their mobile phones. SnapScan now has a national network of more than 32,000 physical and online merchants, while Firepay’s technology platform also enables payments for clients including WeChat and Masterpass."
  • VeriFone’s Galant Says Networks’ EMV Extension for Fuel Pumps Will Hurt Its Results - Digital Transactions - "“We were disappointed and somewhat shocked at the three-year delay,” VeriFone chief executive Paul Galant told analysts during an afternoon conference call to discuss the company’s results for its fiscal fourth quarter, which ended Oct. 31, and for the full fiscal year."
  • Japanese financial service providers begin facial recognition payment trials - NFC World - "“In these trials, NEC, SMBC and Sumitomo Mitsui Card aim to verify the recognition performance, employee receptivity to biometric authentication and operational aspects of the service, while gaining experience and know-how with a view to providing safe, secure, convenient cashless (and cardless) payment services utilising facial recognition technology at branches in the future,” the company adds."

ON THE WIRES

  • Privacy Launches To Make Your Payments Safer & Easier - "Privacy was co-founded by payments and security company veterans, including Andy Roth, the former Chief Privacy Officer at American Express, as a way to give people control of their personal and financial information. Designed for everyone, Privacy generates a new virtual card for every credit card transaction a shopper makes, protecting them from the worry and time-consuming headaches associated with credit card fraud, data breaches, and identity theft. Available for free on Apple iOS and Google Chrome, Privacy allows users to create "burner" cards with one click that terminate after one transaction or general cards that can be used for recurring transactions at trusted merchants."
  • Viewpost and Comdata Team Up to Streamline Secure ePayables - "Viewpost, the secure B2B network for electronic invoicing, payments and cash management, today announced a partnership with Comdata, one of the largest commercial credit card issuers for MasterCard in North America, to give businesses an option to pay their suppliers with virtual credit card transactions."
  • Scalefast Selects Ingenico Group to Boost Global, Multi-channel Payment Processing Capabilities - "Ingenico Group (Euronext: FR0000125346 - ING), the global leader in seamless payment, today announced that it has signed an agreement to provide global, full-service payment processing to Scalefast, a fast-growing eCommerce platform provider for the video game and entertainment industries, leveraging its eCommerce and cloud-based mobile point of sale (mPOS) solutions."

GLENBROOK PAYMENTS EDUCATION EVENTS

Glenbrook's 2016 boot camps are done but there's more to look forward to. Our next Glenbrook payments education events are in San Jose, CA, New York, NY, and Atlanta, GA. See our spring schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

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 12, 2016

Headline News from PaymentsNews.com - December 12, 2016

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

ON THE WEB

  • Panasonic Takes Item Out of Bagging Area: Human - Wall Street Journal - "Panasonic Corp. is introducing convenience-store checkout machines that can scan and bag items on their own, joining Amazon.com Inc. in the push for more retail automation."
  • Why Bitcoin's Remittance Disruption Slowed to a Crawl - Coindesk - "So, what exactly are the dynamics of the remittance market that keep Western Union, MoneyGram, etc, at the top of the food chain, and what would it take to chip away at their position?"
  • I have seen the future of wearable payments, and it is magical - Android Central - "I went to Walt Disney World at the beginning of December. It was absolutely glorious. And each day, while in the parks, I did not take a wallet with me. I stuck my driver's license in the back of my phone's clear case, and that was all I brought. And while I bought tons of keepsakes and food, my credit cards stayed safely in my hotel room. Did I use Android Pay? Samsung Pay? Apple Pay? No; I used something even better."
  • Bipartisan cybersecurity panel issues report recommending stronger authentication - Biometric Update.com - "The report identified several key authentication requirements, including that all citizen-facing digital government services require strong authentication; that all private-sector organizations use strong authentication solutions as the default for major online applications; and that all federal agencies use strong authentication by their employees and contractors."

ON THE WIRES

GLENBROOK PAYMENTS EDUCATION EVENTS

Glenbrook's 2016 boot camps are done but there's more to look forward to. Our next Glenbrook payments education events are in San Jose, CA, New York, NY, and Atlanta, GA. See our spring schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

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 09, 2016

Headline News from PaymentsNews.com - December 9, 2016

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

ON THE WEB

  • Mobile is eating the world - Benedict Evans - "As we pass 2.5bn smartphones on earth and head towards 5bn, and mobile moves from creation to deployment, the questions change. What's the state of the smartphone, machine learning and 'GAFA', and what can we build as we stand on the shoulders of giants?"
  • Reward Credit Cards: How Much Cash Can You Get? - Wall Street Journal - "Cash-back rewards cards are increasingly popular with shoppers, prompting financial institutions to develop programs that, in some cases, return as much as 10% of spending. But the recent explosion in cash-back cards has some industry executives worried the market is getting overheated. "
  • US Federal Reserve Releases First Distributed Ledger Research Paper - Coindesk - "“An important goal of this paper is to examine how this technology might be used in the area of payments, clearing, and settlement and to identify both the opportunities and challenges facing its practical implementation and possible long-term adoption.”"
  • 'Sovereign' Blockchains Will Change Monetary Policy, Bank Paper Argues - Coindesk - "“Once such a sovereign blockchain is created with a [central bank cryptocurrency], other financial instruments such as bonds, equities, derivatives and even land and car registries could migrate to the same sovereign blockchain. This would allow the central bank to conceivably see the creation of all commercial bank assets in an economy.”"
  • eMarketer Cuts Estimates for Ecommerce in India - eMarketer - "The downgrade largely reflects the Indian government’s recent efforts to crack down on illegally obtained or undeclared money, banning large denominations of the rupee. It is a significant change for the ecommerce sector because cash on delivery payments are a widely used method for digital transactions in India. In a market where the population is relatively “under-banked,” COD becomes the most effective way of buying online."
  • Year Ahead 2017: Machine Learning Reboots Cybersecurity - CIO Journal (WSJ) - "“You can’t know all of the threats. Traditional controls alone aren’t viable, when we are sending petabytes of data to different organizations on a daily basis,” Mr. Sherwood says. “Security in the future is going to be based on intelligence, the use of AI to assist the staff. There is no other way.”"

ON THE WIRES

  • ECCHO Exploring Possible Strategic Opportunities - "ECCHO has been instrumental in supporting the financial services industry's successful migration from paper checks to electronic check images. We believe that the U.S. payments system is on the threshold of another milestone transformation, due in part to the financial services industry's and Federal Reserve's efforts to develop faster payments and related technological advancements. ECCHO wants to ensure that it is best positioned to continue to support check image exchange and to facilitate the upcoming faster payments innovations. Key objectives for this strategic opportunity include enhancing ECCHO's functions currently provided to its members and the banking industry generally, including its rules, advocacy, educational and check resource functions," said David Walker, President and CEO of ECCHO."
  • Air Force Federal Credit Union Launches New SAF-T™ Account - "The SAF-T account is a non-traditional transactional checking account. It does not have checks and only PIN-based transactions can be done on the AFFCU Visa® Debit card. It's unique in that there are no monthly maintenance fees and it protects you from fees such as NSF, Courtesy Pay, Overdraft Protection, Dormant account and other fees. "
  • Emergent Payments Moves Into Nigeria - "Emergent Payments is offering merchants a completely local solution with a set of value-added services to simplify payments. These include support for the preferred payment channels – Verve bank card and Quickteller for instant P2P transfers to all Nigerian banks – as well as full tax compliance, remittance in major currencies and an extensive understanding of regulatory requirements."

GLENBROOK PAYMENTS EDUCATION EVENTS

Glenbrook's 2016 boot camps are done but there's more to look forward to. Our next Glenbrook payments education events are in San Jose, CA, New York, NY, and Atlanta, GA. See our spring schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

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 08, 2016

Headline News from PaymentsNews.com - December 8, 2016

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

ON THE WEB

  • Facebook just secured an e-money license in Ireland, paving the way for Messenger payments in Europe - TechCrunch - "Paving the way for friend-to-friend payments to come to Facebook Messenger in Europe (and after the functionality debuted in the U.S. all the way back in March last year), Facebook has quietly secured an e-money license from the Central Bank of Ireland."
  • DST leads $80M round in Brazil’s Nubank to take on the big boys in financial services - TechCrunch - "Currently Brazil has the largest credit card market in the region, with 100 million cards in circulation. But as Vélez describes it, the country’s five largest banks — which control some 95% of all consumer financial services in the country — are being impacted by the economy today, and they are pulling away from some services and trying to cut their costs, resulting in worse terms for their customers. This means that smaller offerings like Nubank’s, whose credit card is “free” — as long as you pay your balance on time (that is, no upfront or service charge as many others do in Brazil) — suddenly become more attractive to consumers."
  • Inside 'Spark': Circle's New Bitcoin-Powered Smart Contract Platform - Coindesk - "Called 'Spark', Circle's new tech isn't a blockchain or a new cryptocurrency. Rather, as explained by the company, it uses a combination of bitcoin, other blockchains and traditional settlement rails to further its mission of promoting a global, social payments platform."
  • Canadian bank replaces NFC SIM-based service with HCE - NFC World - "“This enhancement to our My Mobile Wallet service now makes use of HCE/cloud rather than the NFC SIM-based service,” Scotiabank said."
  • Faster Frappuccinos in China as Starbucks Joins WeChat Payments - Bloomberg - "WeChat lets users text friends, post selfies and pay a gas bill with a smartphone. From today, the blockbuster Chinese app, known as Weixin Pay in China, can also be used to buy a Java Chip Frappuccino."
  • Google evaluates FIDO authentication - SD Times - "“At Google, we prefer to make data-driven decisions based on statistical and empirical verification,” Google wrote in a post. “This is particularly true when the security and privacy of more than billion users are stake, so we applied this philosophy to verify the practical benefits of deploying FIDO-based Security Keys to our more than 50,000 employees.”"
  • Toward new possibilities in threat management - PWC - "An integrated threat-intelligence and information-sharing platform can be a great unknown for even the most cybersavvy of executives."

ON THE WIRES

  • With LevelUp, Chase Pay enables customers to order ahead and pay at thousands of quick-service restaurants - "Chase is collaborating with Boston-based tech company LevelUp to use its technology so Chase Pay users can order ahead and save time. Customers can pay when they order ahead or in person at LevelUp or Chase Pay branded scanners at the counter. In addition, customers will have access to special offers available through the app."
  • FIS Launches Network for High Potential Early Stage Fintechs - "FIS™ (NYSE: FIS), a global leader in financial services technology, today announced the launch of a network of early-stage fintech companies with direct applicability to the financial services ecosystem served by FIS. The FIS HiPo (short for “high potential”) Network is a collection of firms that have demonstrated substantial promise in the development of new tools and technologies that deliver purposeful innovation for our clients around the world."
  • First Data Launches Clover™ Mini and Clover™ Mobile in the U.K. - "First Data (NYSE: FDC), the global leader in commerce-enabling technology, today announced the expansion of its Clover platform with the official launch of Clover Mini and Clover Mobile in the U.K. The “all-in-one” business management solutions have enjoyed broad adoption in the U.S. since they were introduced last year. With Clover, business owners have the point-of-sale technology to handle the daily challenges of running a business."
  • Revel Launches Mobile Business Performance Monitoring App for its iPad POS - "Revel Systems, the world's leading iPad Point of Sale management solution for brick-and-mortar retail, food businesses and more, today announced the launch of Insights by Revel, an app designed to offer business owners and management vital insights and real-time data, promoting efficient business management and precise data reporting."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are in Palo Alto, CA. See our fall schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

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 07, 2016

Headline News from PaymentsNews.com - December 7, 2016

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

ON THE WEB

  • Square’s virtual payment cards now work with Apple Pay - recode - "Square CEO Jack Dorsey announced the new integration with Apple at Recode’s Code Commerce event in San Francisco on Tuesday. The move means that users can take money from their Square Cash account to buy things anywhere Apple Pay is accepted."
  • Circle Cuts Bitcoin Buying and Selling in Product Pivot - Coindesk - "Circle Internet Financial, once one of the best-funded early bitcoin startups, has announced it will no longer allow customers to buy and sell the digital currency. Confirmed today via an announcement in The Wall Street Journal and first revealed at last night in a customer update, Circle said it will now focus on using a soon-to-be-launched proprietary blockchain-based protocol called Spark."
  • Apple Pay targets US retail and transport expansion - NFC World - "Apple Pay is now accepted by 35% of US retailers, representing about 4m locations across the country, Apple VP Jennifer Bailey has revealed during the Re/code Code Commerce event in San Francisco."
  • India Panel Said to Recommend Tax Breaks for Digital Payments - Bloomberg - "The Niti Aayog has suggested an additional charge to be levied on cash transactions so that more individuals opt for electronic payments, two government officials said asking not to be identified citing rules. It has also recommended the government scrap rules that restrict online sale of certain types of medicines."
  • Android Pay Comes to Ireland - Google blog - "Starting today, Android Pay is available in Ireland, helping you pay simply and securely with your Android phone."

ON THE WIRES

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are in Palo Alto, CA. See our fall schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

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 06, 2016

Headline News from PaymentsNews.com - December 6, 2016

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

ON THE WEB

  • Banks, Retailers Take Swipes at Each Other Over Dodd-Frank Fees - Bloomberg - "Six years ago, when President Obama signed the Dodd-Frank Act into law, America’s retailers got a big reduction in the debit-card fees they pay banks. Now, with Donald J. Trump set to take office, they’re preparing for a lobbying fight to defend that legislative victory -- and the billions they’ve saved as a result."
  • Alipay expands partnerships to tap Chinese travelers to Europe - Reuters - "Alipay said Tuesday it has partnered with four more financial services providers in Europe, as it looks to tap into Chinese consumers traveling abroad, in a move that could help China's top online payments platform expand its global footprint nearly tenfold."
  • Flutterwave aims to unify Africa’s fragmented payment systems and empower small businesses - TechCrunch - "Moneywave isn’t a user-facing tech like Square or Venmo, but an API layer that can be integrated into your business platform, however modest it is. Payments of whatever type or currency — card, bank transfer, e-wallet — enter on one side and come out the other into the bucket of your choice."
  • Russian central bank hit by $31m hacks - Finextra - "Russia's central bank says that hackers stole more than two billion rubles (around $31 million) from correspondent accounts this year."

ON THE WIRES

  • Vantiv and PPRO Group Partner on International Alternative Payment Methods for U.S. Merchants to Expand Their Reach Overseas - "This new relationship means that Vantiv's customers will be able to offer non-card payment methods – including direct debit, bank transfers, cash-based e-payments, and e-wallets – to international consumers through a single integration and customer service experience for both domestic and international payments processing."
  • Mastercard and Wells Fargo Make Sending and Receiving Money Faster, Easier, and More Secure - "Mastercard (NYSE:MA) and Wells Fargo & Co. (NYSE:WFC) announced today that Mastercard SendTM is now speeding payments for Wells Fargo Treasury Management and Wells Fargo Merchant Services customers. Mastercard Send™ is a payments service that sends funds quickly and securely to consumers domestically."
  • American Express® to Enhance Fraud-Prevention and Security Capabilities With Acquisition of InAuth - "As an extension of the company’s multilayered strategy for fighting fraud, American Express (NYSE:AXP) today announced it has acquired InAuth, Inc., a leading provider of mobile device authentication and intelligence solutions. InAuth’s technology is used by some of the largest financial institutions, banks, payment networks and merchants to reduce risk and help identify potential fraud utilizing its mobile-first device authentication capabilities."
  • Mint Introduces Bill Pay, Helping Millions to Never Miss a Bill - "Mint, from Intuit Inc. (Nasdaq: INTU), is adding bill tracking and payment to its free personal finance app to help millions of Americans effortlessly stay on top of bills. New intelligent features send automated reminders, update payment status, and suggest bills to sync based on prior transaction history, with no additional set up needed for existing Mint users. The tools aim to take the work out of bill management by doing what Mint does best: seamlessly integrating data from multiple sources into an actionable picture."
  • Information Security Forum Forecasts 2017 Global Security Threat Outlook - ""The pace and scale of information security threats continues to accelerate, endangering the integrity and reputation of trusted organizations. In 2017, we will see increased sophistication in the threat landscape with threats being tailored to their target's weak spots or threats mutating to take account of defenses that have been put in place," said Steve Durbin, Managing Director of the ISF. "Cyberspace is the land of opportunity for hacktivists, terrorists, and criminals motivated to wreak havoc, commit fraud, steal information, or take down corporations and governments. The solution is to prepare for the unknown with an informed threat outlook. Better preparation will provide organizations of all sizes with the flexibility to withstand unexpected, high impact security events.""

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are in Palo Alto, CA. See our fall schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

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 05, 2016

Headline News from PaymentsNews.com - December 5, 2016

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

ON THE WEB

  • The Fed Leaves Durbin Cap Unchanged Despite Ongoing Drop in Issuers’ Debit Card Costs - Digital Transactions - "Issuers subject to the Durbin Amendment’s pricing controls on debit card transactions experienced an overall average cost of 4.2 cents to authorize, clear, and settle these transactions in 2015, excluding fraud costs. That is half of the 9.4 cents the Fed calculated in 2011. The average was 4.6 cents in 2013."
  • Amazon launches a beta of Go, a cashier-free, app-based food shopping experience - TechCrunch - "Customers use the Go app to enter the store, and once inside, some combination of sensors, computer vision and deep learning keep track of what’s taken off and returned to shelves inside a virtual cart. Once finished, the shopper just walks out and the company charges their Amazon account, along with a receipt."
  • Guessing Credit Card Security Details - Schneier on Security - "Researchers have found that they can guess various credit-card-number security details by spreading their guesses around multiple websites so as not to trigger any alarms."
  • Viber gets in-app mobile banking system - Mobile Commerce Daily - "“This is the only messaging platform that, through an API, can be directly integrated with banks’ existing digital banking channels.”"
  • Cashless Economy Still a Fantasy for India - Bloomberg - "Problem is, while e-commerce is booming, India remains one of the most cash-dependent countries in the world. Just over half of the nation’s adults have bank accounts, a precursor to using digital payments. Roughly 98 percent of all transactions are in cash, with 11 percent of consumers using a debit card in 2015, while most retailers don’t accept cards. "
  • Santander invests in B2B supply chain platform Tradeshift - Finextra - "Headquartered in San Francisco, Tradeshift operates a B2B e-commerce platform, connecting 800,000 companies across 190 countries. The company boasted a 250 percent growth rate in 2015 for its procure-to-pay capabilities, faster payments services and predictable cash flow services. "
  • Artificial intelligence and the evolution of the fractal economy - TechCrunch blog - "Financial systems are larger than the sum of their parts. The underlying rules that govern them might seem simple, but what surfaces is dynamic, chaotic and somehow self-organizing. And the blood that flows through this fractal heartbeat is data."

ON THE WIRES

  • Visa Checkout and Papa John’s Team Up to Bring Fans Free Pizza - "Continuing its quest to provide the best fan experience, Visa, an NFL Sponsor for more than 20 years, announced the availability of Visa Checkout with Papa John’s, the Official Pizza Sponsor of the NFL. Pizza and football fans can now spend more time building their favorite pizza and watching their team dominate on the field, and less time filling out payment and delivery information. For a limited time, Visa Checkout and Papa John’s are ensuring fans are well-fed by offering them a new deal: order any Papa John’s pizza on PapaJohns.com and pay using Visa Checkout, and get a free large 1-topping pizza with your next purchase."
  • By adding giropay to its International payment method portfolio, Limonetik now offers Merchant access to 35 m. of German Consumers - ""With e-commerce globalisation, giropay is constantly looking at developing its network of International payment partners, especially in France." giropay has chosen Limonetik because of its simple implementation and its wide network of affiliated e-merchants interested in accessing the German e-commerce market. "Limonetik allows merchants to easily add giropay to their website's payment page. With Limonetik, we accelerate the availability of giropay in Europe", adds Joerg Schwitalla."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are in Palo Alto, CA. See our fall schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

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, 2016

Headline News from PaymentsNews.com - December 2, 2016

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

ON THE WEB

  • Regulator Will Start Issuing Bank Charters for Fintech Firms - Wall Street Journal - "Financial-technology firms will soon have the chance to apply for new banking charters, under a plan from a top U.S. regulator designed to let thousands of upstarts grow nationally under federal oversight."
  • CIO Voices: Capital One’s Rob Alexander on How to Win in Banking - CIO Journal (WSJ) - "For Rob Alexander, CIO of Capital One Financial Corp., there’s little division between a bank and a technology company. “Technology is reshaping this business,” he says. “The winners will integrate banking into customers’ lives.”"
  • Why in-store mobile payments are still struggling - Mobile Commerce Daily - "This Black Friday, one of the trends that was noted by researchers from Cayan was the ratio of purchases made from regular card payments to purchases made with mobile payments. What they found was the mobile payments are sorely lacking in the physical retail world, making up less than 10 percent of all sales, with an average of .6 percent per state. That is more than last year but nowhere near the growth that was expected."
  • YayPay wants to help big companies deal with accounts receivable - TechCrunch - "YayPay is focusing on an interesting yet underserved niche — collecting payments from your customers. The startup is launching the second version of its platform today and now focuses on big companies with accounts receivable teams."
  • Apple Pay launches in Spain - NFC World - "Apple Pay has been officially launched in Spain, with Apple developing partnerships with Banco Santander, payment giants American Express and Mastercard, retailer Carrefour and prepaid meal payment service Ticket Restaurant."

ON THE WIRES

  • Visa to Acquire CardinalCommerce to Secure and Accelerate Digital Commerce - "Visa (NYSE:V) today announced an agreement to acquire CardinalCommerce, an industry leader in e-commerce payment authentication. The acquisition will enable more secure, seamless payments, whether made through a browser, mobile app, or connected device, and will help Visa’s clients and merchant partners accelerate digital commerce."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are in Palo Alto, CA. See our fall schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

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, 2016

Headline News from PaymentsNews.com - December 1, 2016

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

ON THE WEB

  • The SEPA Instant Credit Transfer Scheme Rulebook is Published! - European Payments Council - "Today is a major milestone for European payments: the EPC publishes the first rulebook of the SEPA Instant Credit Transfer (SCT Inst) scheme. It will allow the transfer of initially up to 15,000 euro per single transaction in less than ten seconds, any time and any day, and in an international area that will progressively span over 34 European countries."
  • PayPal Delivers Business Services On-the-Go - PayPal blog - "To extend PayPal’s merchant services to millions of small businesses who need easy access to their account on the go, today we’re announcing availability of the new PayPal Business app, offering businesses an easy way to manage their PayPal account activity wherever business takes them."
  • American Express launches NFC mobile payments in Canada - NFC World - "American Express cardholders across Canada can now make NFC mobile payments using Amex Pay, a new feature added to the Amex App. The service is available for customers with eligible consumer, small business and corporate cards with compatible Android devices and the latest version of the mobile app."
  • As Web Sales Spike, Retailers Scramble to Ship From Stores - Wall Street Journal - "Two decades after Amazon.com Inc. was founded, traditional retailers are still struggling to manage hundreds of brick-and-mortar stores, while trying to maximize online sales. "

ON THE WIRES

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are in Palo Alto, CA. See our fall schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

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!

Sponsors

News View

Payments Consultants

Subscribe

Languages