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July 08, 2016

Headline News from PaymentsNews.com - July 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

  • In Mobile Payments War, Big Banks Strike Back - Wall Street Journal - "But the banks have a key advantage in this contest, which is that they can afford to undercut rivals on transaction fees. All mobile payment services are basically free to users. But when they are used to buy real goods from merchants, online or in a physical store, the merchants pay a fee."
  • Omni Hotels Warns of Data Breach - Wall Street Journal - "An Omni spokesman couldn’t immediately say how many customers were affected by the breach, which didn’t affect all of the company’s properties. The hackers stole cardholder names, card numbers, expiration dates and security codes, Omni said."
  • Announcing next-gen Proximity Beacons with programmable NFC and improved responsiveness - Estimote blog - "We’ve been hearing a lot of great ideas for projects that require explicit interactions with beacons—confirming payments, collecting loyalty points, clocking-in, etc. The new Proximity Beacon comes with a built-in NFC tag, making these ideas much easier to implement."
  • Mitsubishi UFJ Financial to Invest in Bitcoin Venture Coinbase - Wall Street Journal - "Japan’s biggest lender, Mitsubishi UFJ Financial Group Inc., is stepping into the bitcoin world by investing in Coinbase, a service that allows users to store the virtual currency and make payments with it."
  • UK Government Trials Blockchain Welfare Payments System - Coindesk - "We started a small trial in the north west, designed to see if we can send welfare payments using this technology, and more importantly, to see if people reliant on welfare payments would benefit from this approach."
  • Barclaycard’s newest innovation clasps mobile payments functionality onto wearables - Mobile Commerce Daily - "Barclaycard is introducing bPay Loop, a small case comprising a contactless chip, so that wearable owners can transform their existing watches and fitness bands into vehicles for contactless payments, highlighting a new commerce opportunity."
  • Sberbank to launch its own MVNO - telecompaper - " Sberbank serves 127 million private persons across the country. The launch of the MVNO could help the bank with security issues related to its own services and to SMS-dissemination. "
  • MasterCard and Virtual Card Services Launch vPOS – South Africa’s First Virtual Payment Solution - Payments Afrika - "Small enterprises and mobile businesses can now accept digital card payments in-store, remotely or on-the-go using their connected mobile devices, following the launch of Virtual Card Service’s virtual Point of Sale (vPOS) – South Africa’s first virtual payment solution."

ON THE WIRES

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming this fall - in Palo Alto, CA and 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.

COMING UP IN ATLANTA ON FRIDAY, JULY 15

TAG FinTech presents: Lunch & Learn on Real Time Payments - After years of discussion, the notion of faster payments in the U.S. is rapidly becoming reality thanks to the efforts of the Federal Reserve's Payments Improvement Task Force and its participating firms. These new systems could fundamentally change how we think about person to person transfers as well as business payments. Of these efforts, The Clearing House's real-time payments initiative is among the furthest along and most ambitious. Get the details on its functionality, rollout and potential uses. Glenbrook's Elizabeth McQuerry is moderating the session.

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!

July 07, 2016

Headline News from PaymentsNews.com - July 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

  • Payments on Fire podcast: "Machine Learning in Fraud Management" - PaymentsViews.com (George Peabody) - " Join Glenbrook’s George Peabody and Nuno Sebastiao, Chairman and CEO of fraud management firm Feedzai, in this refreshing discussion about the role of machine learning in fraud management, some of its limitations, and how services like these fit into an enterprise’s fraud and risk management operations."
  • Wendys Says About 20% of U.S. Franchise Stores Affected by Cyberattack - Wall Street Journal - "Wendy’s Co. said Thursday roughly a fifth of its franchise-operated stores were affected by cyberattacks that hit the burger chain starting last fall, more than previously disclosed."
  • The Gift (Card) That Keeps On Giving - Retail Touch Points - "One of the major benefits of a reloadable gift or store card is an increase in transaction count, which, over time, can have a large effect on consumers’ buying habits. As opposed to traditional one-time use gift card programs, retailers will start to see the number of transactions increase with reloadable gift or self-use store cards."
  • AmEx Challenges Square, On Deck With Online Loan Marketplace - Bloomberg - "American Express Co. plans to debut an online loan platform for small-business clients this year, targeting territory occupied by startups like Square Inc. and On Deck Capital Inc."
  • How $2 Billion Turned Dreams into Reality - PayPal stories - "Small business owners are the heart and soul of the new global economy. They hire more people. They strengthen our communities. They drive economic development. Yet, often these small businesses have faced significant challenges accessing the capital they need to grow and thrive. Following the 2008 financial crisis, traditional banks severely restricted access to capital, disproportionately affecting fledgling and medium-sized businesses. That’s why we launched PayPal Working Capital..."
  • New Growth Plan for Online Lenders: Layoffs - Wall Street Journal - "LendingClub, Prosper Marketplace, Avant and others cut workforces as they anticipate prolonged period of difficulty"
  • North Carolina Governor Signs Bitcoin Bill Into Law - Coindesk - "Introduced in 2015, the passage of the law represents the fruition of more than a year of engagement between members of the US blockchain and digital currency industry and local regulators. "
  • Ripple Adds Multi-Sign Functionality to its Consensus Ledger Technology - Finovate Blog - "Pointing to the problem of “outdated single signature methods” of legacy payment networks, Ripple has introduced new multi-sign functionality for its Ripple Consensus Ledger."
  • TD Bank introduces Touch ID and more tasks with app redesign - Mobile Commerce Daily - "TD Bank has launched a complete renovation of its mobile application for iOS that brings in Touch ID, more banking capabilities, such as scheduling recurring transfers, and a brand new navigation interface with intuitive power."
  • Threat Alert: Bitcoin Exchanges and Websites Experiencing DDoS Attacks - Radware Blog - "Over the last several months, our ERT Research team has noticed a growing trend of attackers targeting Bitcoin exchanges and websites that deal with Bitcoin directly. These websites are increasingly becoming the target of denial of service campaigns for a number of reasons. "

ON THE WIRES

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming this fall - in Palo Alto, CA and 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.

COMING UP IN ATLANTA ON FRIDAY, JULY 15

TAG FinTech presents: Lunch & Learn on Real Time Payments - After years of discussion, the notion of faster payments in the U.S. is rapidly becoming reality thanks to the efforts of the Federal Reserve's Payments Improvement Task Force and its participating firms. These new systems could fundamentally change how we think about person to person transfers as well as business payments. Of these efforts, The Clearing House's real-time payments initiative is among the furthest along and most ambitious. Get the details on its functionality, rollout and potential uses. Glenbrook's Elizabeth McQuerry is moderating the session.

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!

July 06, 2016

Headline News from PaymentsNews.com - July 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

ON THE WIRES

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming this fall - in Palo Alto, CA and 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.

COMING UP IN ATLANTA ON FRIDAY, JULY 15

TAG FinTech presents: Lunch & Learn on Real Time Payments - After years of discussion, the notion of faster payments in the U.S. is rapidly becoming reality thanks to the efforts of the Federal Reserve's Payments Improvement Task Force and its participating firms. These new systems could fundamentally change how we think about person to person transfers as well as business payments. Of these efforts, The Clearing House's real-time payments initiative is among the furthest along and most ambitious. Get the details on its functionality, rollout and potential uses. Glenbrook's Elizabeth McQuerry is moderating the session.

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!

July 05, 2016

Headline News from PaymentsNews.com - July 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 Blockchain Could Disrupt Everything (VIDEO) - Goldman Sachs blog - "The Blockchain – the technology that underpins Bitcoin transactions – has applications far beyond just digital currency. Jim Schneider, a research analyst in Goldman Sachs Research, explains how the distributed ledger technology works and why it has the potential to disrupt industries from finance to real estate."
  • Danish banking groups readies nationwide mobile-wallet system - Mobile Payments Today - "A consortium of banks in Denmark have selected digital payments company Nets to implement a new NFC-enabled mobile wallet product in the country, according to a press release from Nets. The consortium, which is called the BOKIS partnership, includes 62 banks that form the small to mid-sized banks segment of the Association of Local Banks, Savings Banks and Cooperative Banks in Denmark, together with five Danish regional banks: Jyske Bank, Sydbank, Spar Nord Bank, Arbejdernes Landsbank and Nykredit Bank. "
  • Singaporean Authorities Encourage Citizens to Embrace Mandatory 2FA Security for Online Services - Mobile ID World - "Singaporeans authorities have extended the deadline for citizens to enroll in two-factor authentication for SingPass, the country’s online portal for access to government services."
  • Blockchain Identity Startup Netki Raises $3.5 Million - CoinDesk - "Its first product, the Wallet Name Service, launched in the beginning of 2015 in an attempt to create a cleaner wallet address, and companies that have integrated Netki’s wallet naming service are Purse, BitSo, Bitt and BlockCypher. Its latest product, announced at CoinDesk’s Consensus 2016, is a soon-to-be launched digital identity certificate, which it has compared to an SSL Certificate for the blockchain."
  • Chinese tourists get a taste of home with Alipay in Germany - Mobil Payments Today - "Worldline, a European provider of payment and transactional services, and Alipay, have reached an agreement that will enable Chinese tourists visiting Germany to pay for goods and services using the Alipay mobile app at participating retailers, according to press release from Worldline. "
  • The Democratic Republic of Congo Selects Gemalto Mobile Biometric Enrolment Solution to Support Fair Elections - Payments Afrika - "Gemalto, the world leader in digital security, has won an international tender to supply CENI, the National Independent Electoral Commission of the Democratic Republic of Congo (DRC), with 22,000 mobile biometric voter enrolment kits to support a comprehensive update of the country’s national voter register. "
  • Mobile payment use continues to increase in Canada - Mobile syrup - "According to a study by eMarketer, 33 percent of those surveyed said they planned to make more mobile payments over the coming year, up from 26 percent in a 2016 survey. While a wide variety of payment apps are used by Canadians, PayPal is the most popular, being used by 70 percent of mobile payment users and primarily by men. Coming in a distant second at 42 percent of mobile payment users is the Starbucks’ app, which is used primarily by women. "

ON THE WIRES

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming this fall - in Palo Alto, CA and 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.

COMING UP IN ATLANTA ON FRIDAY, JULY 15

TAG FinTech presents: Lunch & Learn on Real Time Payments - After years of discussion, the notion of faster payments in the U.S. is rapidly becoming reality thanks to the efforts of the Federal Reserve's Payments Improvement Task Force and its participating firms. These new systems could fundamentally change how we think about person to person transfers as well as business payments. Of these efforts, The Clearing House's real-time payments initiative is among the furthest along and most ambitious. Get the details on its functionality, rollout and potential uses. Glenbrook's Elizabeth McQuerry is moderating the session.

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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