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April 01, 2016

Headline News from PaymentsNews.com - April 1, 2016

ON THE WEB

ON THE WIRES

  • MasterCard Sees Continued Momentum in U.S. EMV Adoption - “Chip technology is an essential upgrade to better protect consumers and businesses,” said Catherine Murchie, senior vice president of North American Enterprise Security Solutions for MasterCard. “Other countries that have already adopted chips have seen significant reductions in counterfeit card fraud over time – as much as 60, 70 or even 80 percent. The U.S. industry continues to work together on EMV to generate similar results.”
  • Blackhawk Network Acquires Extrameasures - "Extrameasures' corporate incentive programs are complementary to our incentives portfolio and will enhance Blackhawk's leadership position in both the corporate and the consumer promotions markets," said Talbott Roche, Blackhawk Network's CEO and president.
  • Green Dot Successfully Completes Next Wave of Its Processor Migration Project - "Green Dot Corporation today announced that it successfully migrated an additional 15 million account files to the MasterCard Payment Transaction Services (PTS) processing platform during the second planned conversion wave which was completed earlier this month."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming up in early April - both in New York City - 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!

March 31, 2016

Headline News from PaymentsNews.com - March 31, 2016

ON THE WEB

  • Inside the $5 Billion Company That Will Launch Your Business - Inc. (Maria Aspan) - "Since 2010, Collison and his older brother, Stripe co-founder and CEO Patrick Collison, have spent almost every waking moment making it as fast and easy as possible to handle other people's money online."
  • What Starbucks Can Teach Apple and Facebook - Bloomberg Gadfly - "Getting one out of every five orders through its smartphone app is an impressive feat for Starbucks, considering mobile payments accounted for just 2.1 percent of U.S. retail sales last year..."
  • Introducing Braintree Auth - Braintree Blog - "Braintree Auth enables Braintree merchants to more easily integrate with Braintree partners by authorizing them to perform services on their behalf such as -- allowing for actions such as enabling payments on an e-commerce store or accessing transaction data for an analytics or accounting service."
  • Google Wallet is shutting down its debit card - Quartz (Ian Kar) - "Amid a companywide effort to cull money-losing operations, Google is shutting down its Google Wallet debit card, the company confirmed in a blog post today."
  • Immediate Funds Availability Resonates With Many Small Businesses - "Financial institutions that provide immediate funds availability stand to benefit in several key ways, including improved share of wallet and differentiation for small business customers."
  • Marijuana Companies Stuck Doing Business the Old-Fashioned Way, in Cash - Wall St. Journal - "Two years after Colorado fully legalized the sale of marijuana, most banks here still don’t offer services to the businesses involved."

ON THE WIRES

  • Walmart’s Family of Cards Makes it as Easy as 3-2-1 to Manage Finances for Less - “The Walmart MoneyCard and Walmart Credit Card have proven to be valuable tools in our customers’ wallets, helping them manage their money for less. The new 3-2-1 Save program simplifies and strengthens the card proposition for more than 10 million cardholders and helps add even more value to their Walmart purchases no matter how they choose to shop with us.”
  • More Than 100 Amazon Dash Buttons Now Available, Giving Prime Members the Easiest Way to Order Thousands of Products - "Members can now choose from over 100 Dash Buttons representing top-name brands across dozens of retail categories and thousands of products. With Dash Buttons, Prime members never have to worry about running out of everyday household essentials from coffee to condoms, and snacks to soda. When a customer sees supplies running low, they simply press a Dash Button to order."
  • American Express Launches Two New Co-Branded Cards with Charles Schwab - "Designed to meet the different needs of a diverse customer base, the cards include a credit card and a premium charge card, both with exceptional rewards, benefits and services, including unlimited cash-back features."
  • Bank of America Makes Online Payments Seamless With Visa Checkout - "Bank of America announced today that it will pre-select customers’ eligible Visa cards for enrollment in Visa Checkout directly from Online Banking. Bank of America is one of the first banks to integrate its cards into Visa Checkout and provide seamless enrollment directly from its site, eliminating added steps and making it easier than ever for customers to shop online, on any device."
  • CARE Makes Donating More Convenient with Popmoney - "Accepting donations via Popmoney will allow us to connect with more potential donors through the giving channels they prefer," said Tolli Love, vice president of fundraising and marketing, CARE USA. "We will also be able to reduce the costs associated with processing donations, which means more money will go to fight the impact of poverty around the world."
  • U.S. Bank Offers Customers Touch ID for More Convenient Mobile Banking - “We have been looking at ways to use biometrics such as voice and fingerprint to authenticate identification for several years,” said Gareth Gaston, executive vice president and head of omnichannel banking at U.S. Bank.
  • Microsoft outlines intelligence vision and announces new innovations for Windows 10 - "Wednesday, Microsoft announced new additions to the Cortana Intelligence Suite, both in preview. The first, Microsoft Cognitive Services, is a collection of intelligence APIs that allows systems to see, hear, speak, understand and interpret our needs using natural methods of communication. The second, the Microsoft Bot Framework, can be used by developers — programming in any language — to build intelligent bots that enable customers to chat using natural language..."
  • GE Capital Files Request for Rescission of Status as a Systemically Important Financial Institution - "The filing demonstrates that GE Capital has substantially reduced its risk profile and is significantly less interconnected to the financial system, and therefore does not pose any conceivable threat to U.S. financial stability."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming up in early April - both in New York City - 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!

March 30, 2016

Headline News from PaymentsNews.com - March 30, 2016

ON THE WEB

ON THE WIRES

  • Introducing Build with Square: Developing New Ways to Sell with Square - "Build with Square is a collection of APIs available to our sellers and the developers they work with today. With our Register API, any iOS point of sale can be customized to process payments with Square."
  • Federal Reserve survey provides information on mobile financial services - "Mobile banking use continued to rise last year as smartphone adoption grew and consumers were increasingly drawn to the convenience of mobile financial services, according to a Federal Reserve Board report, Consumers and Mobile Financial Services 2016, released on Wednesday."
  • Recurly Teams Up with Kount to Help Subscription-Based Merchants Combat Fraud - "Our cloud-based platform is ideally suited to help merchants protect their business from cybercriminals, a mission that requires constant vigilance in an ever-evolving threat landscape," said Brad Wiskirchen, chief executive officer, Kount. "We are excited to work with the team at Recurly to tailor a fraud solution that is unique to the specific business needs of subscription-based merchants."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming up in early April - both in New York City - 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!

March 29, 2016

Headline News from PaymentsNews.com - March 29, 2016

ON THE WEB

ON THE WIRES

  • Federal Reserve Engages in Effort to Assess Faster Payments Solutions - "The Federal Reserve on Tuesday announced the selection of McKinsey & Company to support Faster Payments Task Force efforts this year to assess faster payments solution proposals from various providers across the United States payments industry."
  • SWIFT signs MoU with China’s CIPS - "SWIFT has signed a memorandum of understanding (MoU) that sets out plans to develop China’s Cross-border Interbank Payment System (CIPS) using SWIFT as the secure channel to connect CIPS with its global user community."
  • Survey: 73% of American Companies Were Targets of Payments Fraud in 2015 - "Let there be no doubt: Payments fraud is an enormous challenge for all organizations," said Jim Kaitz, president and chief executive officer of AFP. "One of the toughest payments fraud challenges we are seeing is BEC scams, which are growing increasingly sophisticated and successfully infiltrating email systems at numerous organizations."
  • JPMorgan Chase Institute Launches Local Consumer Commerce Index of Everyday Spending in 15 U.S. Cities - "Unlike many existing sources of data on consumer spending, the LCCI captures actual transactions, instead of self-reported measures of how consumers think they spend. The index’s geographically specific data provide a granular and timely view of how cities and their surrounding metro areas are faring on a monthly basis. Further, the LCCI captures economic activity in consumer facing retail and services sectors that previously have not been well understood by other data sources."
  • Global Payments Announces Full Support for Samsung Pay in China - “Global Payments is delighted to bring innovative commerce to merchants in China by supporting Samsung Pay,” said Frank T. Young, SVP, Global Product and Innovation. "Our continued commitment to leading payments technology across the globe allows us to offer another form of mobile payment acceptance to the broadest set of merchants."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming up in early April - both in New York City - 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!

March 28, 2016

Headline News from PaymentsNews.com - March 28, 2016

ON THE WEB

ON THE WIRES

  • We found nothing worth sharing today!

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming up in early April - both in New York City - 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!

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