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May 06, 2016

Headline News from PaymentsNews.com - May 6, 2016

ON THE WEB

ON THE WIRES

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming up in May - both in Palo Alto, CA - 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!

May 05, 2016

Headline News from PaymentsNews.com - May 5, 2016

ON THE WEB

ON THE WIRES

  • Samsung Reinvents the Refrigerator - "Groceries by MasterCard – Order groceries online from leading retailers like Fresh Direct and ShopRite and pay for them through a simple, single check-out with any U.S.-issued credit or debit cards."sa
  • GlobalPlatform and FIDO Alliance sign memorandum of understanding to ease identity authentication - "The two industry associations are working to ease FIDO authenticator development on GlobalPlatform-based secure component products. This will enable service providers to efficiently incorporate user authentication features – such as voice recognition and biometrics – as part of their GlobalPlatform-secure deployments."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming up in May - both in Palo Alto, CA - 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!

May 04, 2016

Headline News from PaymentsNews.com - May 4, 2016

ON THE WEB

  • Five Answers – Sort of – to the Big Questions on Blockchain and Bitcoin - PaymentsViews.com (Carol Coye Benson) - "I’m back from two days at Consensus 2016 in NYC, and reporting as promised into my investigation of the Five Big Questions."
  • 21 Inc Unveils Plan to Make Every Computer a Bitcoin Computer - CoinDesk - "Freely available, the software allows any connected device to join the 21 network, enabling connectivity with the 21 Marketplace and providing capabilities that were previously only available to owners of the 21 Bitcoin Computer."
  • Financial fraud targeting older adults often involves appeals to emotions like anger, excitement - Stanford News - “When emotionally aroused, either excited or frustrated, older adults may be more susceptible to being victimized by scammers than are younger individuals,” said Ian H. Gotlib, the David Starr Jordan Professor of Psychology and chair of the Stanford Psychology Department. “In the present study, they were more likely to want to pay for an item advertised misleadingly, regardless of how credible they believed the advertisement was.”
  • Faster Payments: Is Same-Day Fast Enough? - FIS Payments Leader - "Markets around the world have been rolling out real-time payment systems over the last decade. But is the instant gratification from true real-time payments the only solution for unmet consumer and corporate needs? Would same-day payments meet most, if not all, of the same needs?"

ON THE WIRES

  • Kohl’s Charge and Yes2You Rewards Now Easy as One Tap in Apple Pay - “Kohl’s is blending the physical and digital shopping experiences in more ways than ever before. Offering conveniences to Kohl’s customers that make it easy for them – like a seamless one-tap checkout in Apple Pay that integrates our value-driven Yes2You Rewards loyalty program – is one of the ways that we are leading as an omnichannel retailer,” said Ratnakar Lavu, Kohl’s chief technology officer.
  • Android Pay and Samsung Pay now available for BBVA Compass cardholders - "In today's fast paced world, it's imperative that we ensure our customers' need for convenience is kept at the forefront," said BBVA Compass Director of Payments Ryan Kraynick. "Android Pay and Samsung Pay are payment options that may make customers' lives a little easier."
  • i2c Expands Platform-Level Payment Control Features - "With card controls features integrated in our platform, issuers can more easily provide consumers with customizable features like real-time alerts that give them immediate updates on critical account information like suspicious transactions," said Lisa Fugate, vice president, credit processing, at i2c. "i2c was the first payment processor to offer card controls, and industry adoption has confirmed their value to issuers and cardholders."
  • Affirm Appoints eBay Executive Carl Gish as Company’s First Chief Marketing Officer - “eBay notwithstanding, the kind of skills and know-how Carl built while developing the Dove Real Beauty campaign for Unilever, and as Dyson’s North American CMO, is exactly the deep consumer brand marketing expertise and talent Affirm needs in its next wave of growth,” said Affirm Chief Executive Officer (CEO) Max Levchin.
  • Entrust Datacard Achieves Instant Issuance Milestone – Over 10 Million EMV Chip Cards Instantly Issued within the U.S. in One Year - "Giving consumers the ability to walk into a branch location to immediately receive an EMV card has helped turn a consumer experience from negative to positive."
  • Nuspay Selects Microsoft Azure for Next-Gen Digital Currency Platform - "The Nuspay Digital Currency (NDC) cryptocurrency ecosystem was engineered to meet and exceed the current and future challenges facing governments, central banks, monetary authorities and enterprises seeking to deploy digital currency. Additionally Nuspay is in the process of developing an international digital currency exchange with planned sites in Singapore and the Caribbean."
  • 3dcart Now Offers Comprehensive Vantiv Payment Processing Integration to Online Stores - “3dcart is committed to creating tight integrations with the best eCommerce partners on the market, and the results of those initiatives help provide online merchants with access to diverse payment processing options,” said 3dcart CEO Gonzalo Gil.

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming up in May - both in Palo Alto, CA - 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!

May 03, 2016

Headline News from PaymentsNews.com - May 3, 2016

ON THE WEB

ON THE WIRES

  • Deloitte Continues Growing Major Blockchain Initiative, Teaming With Five Technology Companies and Announcing 20 Prototypes in Development - "Blockchain is proving to be a major disruptive force in financial services," said Joe Guastella, a principal with Deloitte Consulting LLP, and U.S. and global leader of the financial services practice. "The industry prototypes and pilots have shown this, and we continue to focus on helping our clients to make blockchain a reality for their businesses."
  • Zooz Closes $24m Investment Round - "We would like to thank our investors for supporting our vision for innovation in the payments sector," said Oren Levy, CEO of Zooz. "Retailers now understand the need for smart payment platforms that can help them expand into new markets quickly and cost-effectively, and that is where we excel."
  • RBC makes sending money simple, instant and now free - “Offering free e-Transfers supports our commitment to helping our clients seamlessly and quickly send money how they want and when they want,” said Linda Mantia, executive vice-president, Digital, Payments and Cards at RBC. “As clients embrace new technologies and increase their use of mobile we are always looking for ways to provide them with added value and convenience."
  • Bank of America Survey Finds Small Business Owners’ Confidence Down While Election-Year Anxiety Rises - “Our survey suggests that uncertainty over the upcoming elections is making small business owners less optimistic about their businesses and the economy than in recent years,” said Robb Hilson, Small Business executive, Bank of America. “As a result, they’re taking a wait-and-see approach before making major investments in the growth of their businesses."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming up in May - both in Palo Alto, CA - 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!

May 02, 2016

Headline News from PaymentsNews.com - May 2, 2016

ON THE WEB

  • Data Analytics, Lending, and the Next 100 Million Borrowers - PaymentsViews.com (George Peabody) - "This Payments on Fire podcast with Lenddo.com’ s founder Jeff Stewart takes a look at lending in developing countries, social and mobile data sources, and examines the algorithmic “black box” that is at the heart of the company’ s approach to making credit decisions in “thin file” markets."
  • Inside the Secret Meeting Where Wall Street Tested Digital Cash - Bloomberg - "The event -- announced in a statement this Monday -- marked a key moment in the evolution of blockchain, notable both for what was achieved, as well as how many firms were involved."
  • Circle Then and Now: Bitcoin’s Early Champions Challenge a Blockchain World - CoinDesk - "[Circle] was not positioned as a bitcoin thing, it was [about] making money work," Allaire said. "It was positioned as a way to move value around. We tried to define the product around instant money, and underneath it was bitcoin."
  • Australian Entrepreneur Says He Created Bitcoin, but Doubts Persist - New York Times - "Craig Steven Wright, a computer entrepreneur, told the BBC, The Economist and GQ that he was the currency’s founder. He said he had been forced to come forward because so many people were pursuing him."
  • 60 Minutes: Shaking Up the Financial Industry - CBS News - "Lesley Stahl meets some of the fintechies challenging the establishment, seeking to reinvent nearly every aspect of modern banking" - features Stripe
  • The Business Blockchain - AVC (Fred Wilson) - "If you think you might want to start a business based on blockchain technology or if you think blockchain technology is going to reshape a market you are working in, or if you just want to understand this thing that your son or daughter is obsessed about, then this is a great book to read." - see book on Amazon.com
  • Silicon Valley Looks at Something New: Starting a Bank - Wall St. Journal - "Warburg Pincus’s new bet on the future of banking borrows from the industry’s past. The New York firm is leading an investment round of more than $27 million in San Francisco-based Varo Money Inc...."
  • Tencent backs down in mobile payments war with Alibaba - FT.com - "The shift marks a partial de-escalation of its market-share battle with Alipay, the payment service run by Alibaba’s financial affiliate Ant Financial."
  • Paytm banks on Wipro to ensure it’s on right side of law - Economic Times - "Wipro will implement core-banking solutions for Paytm and also the programme to manage the integration of other key systems like anti-money laundering and regulatory reporting solutions."

ON THE WIRES

  • Chain and Global Financial Firms Unveil Open Standard for Blockchain - "Chain, Inc., a leading provider of blockchain technology, today announced the public release of Chain Open Standard 1 (Chain OS 1), an open source blockchain protocol developed over the last 18 months through a unique collaboration between the Silicon Valley company and global financial services firms."
  • Fortumo makes a push in Africa, launching payments in Cote d’Ivoire, Ethiopia & Senegal - "In Cote d’Ivoire, Ethiopia and Senegal the percentage of bank card owners is only 2%. At the same time, carrier billing is available to any prepaid or postpaid mobile account owner. This means merchants using carrier billing can reach a paying audience twenty times bigger than with traditional payment methods."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming up in May - both in Palo Alto, CA - 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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