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« October 23, 2016 - October 29, 2016 | Main | November 6, 2016 - November 12, 2016 »

November 04, 2016

Headline News from PaymentsNews.com - November 4, 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

  • Thai Kasikornbank, IBM join forces on blockchain network - Reuters - "Thailand's Kasikornbank Pcl has joined with the Thai unit of International Business Machines Corp to develop blockchain services in a bid to save costs and speed up transaction process, the companies said on Thursday."
  • Android apps will soon be able to offer cheaper, introductory subscription prices - The Verge - "There are many app categories where this could make a big difference. Music and video are certainly on that list; maybe cheaper introductory pricing could boost Google's own struggling YouTube Red service, or help Spotify maintain its lead over Apple Music and other rivals. Other apps like internet TV offerings (Sling TV, PlayStation Vue) and productivity tools (Evernote) also stand to benefit if developers are willing to temporarily cut their prices in hopes that customers will stay subscribed once the normal rate kicks in — either because they forgot or, more ideally, actually find the app or service to be worth the monthly charge."
  • More than one in five card payments in UK use contactless, figures show - NFC World - "More than one in five card payments are now made using contactless cards, The UK Cards Association says, adding it is “excited” by the possibilities the technology brings for making payments to transport operators and charities."

ON THE WIRES

  • Linxens Acquires Smartrac’s Secure ID & Transaction (SIT) Division - "LINXENS, a global leader in the design and manufacture of micro-connectors for smart cards, has today announced that it has acquired SMARTRAC's SIT division, a global leader in the development and manufacture of RFID inlays and antennas. The deal is expected to complete by the end of the year."
  • Uber Launches Its First Debit Card in Latin America, in Partnership with Bankaool - "Uber, the ride-sharing app that allows users to request safe, reliable and affordable rides with just a tap, in partnership with Bankaool, the first Mexican online bank, and Mastercard, the industry leader in electronic payments, announced the launch of Uber Bankaool Debit Card, an innovative solution that offers an alternative way to pay for rides, using a mobile banking app."
  • Alliance Data Announces New Credit Acquisition Tools Aimed At Reducing Friction, Application Time - "Alliance Data Systems Corporation's card services business, a premier provider of private label, co-brand and commercial credit programs, today announced its new, proprietary credit card acquisition tools for retailers, designed to add convenience, save time and reduce abandoned credit applications. I.D. Self-Scan and the first-of-its-kind Frictionless Mobile Credit provide shoppers with the ability to apply for a store-branded credit card in a matter of seconds. Early data indicates that Frictionless Mobile Credit reduces application time by more than 25 percent."

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

  • Scott Loftesness, a Glenbrook founding partner, formally retired October 31. Read Carol Coye Benson's Payments Views post about our co-founder's impact on the industry and on Glenbrook. If you know Scott, too, leave a comment!
  • We're hiring! Passionate about payments? Love solving tough client problems? If that describes you, come join us! Among other positions, we're looking for an East Coast engagement manger. Click here to learn more!
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

November 03, 2016

Headline News from PaymentsNews.com - November 3, 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

  • Masterpass enables in-car payments through General Motors’ OnStar - NFC World - "Drivers will soon be able to make purchases from within vehicles using their Masterpass account through OnStar — a subscription-based, in-car communications service and General Motors (GM) subsidiary. The Masterpass-enabled service, designed in collaboration with IBM, is to be embedded in “many GM vehicles” in 2017."
  • Bud is a UK startup that wants to re-bundle all of your fintech apps into one fintech app - Tech Crunch - "Part personal finance dashboard, part fintech marketplace, you log in via the app to various supported current accounts, savings accounts and other financial products you currently subscribe to, such as money transfer, from which you are able to get a consolidated view of all of your spending and budgeting trends."
  • From mobile first to mobile native - Benedict Evans blog - "Now, though, I think we can see an evolution beyond ‘mobile first’. What happens if you just forget about the PC altogether? But also, what happens if you forget about featurephones? What happens if you presume all of the sophistication that a modern smartphone has and a PC does not, and if you also presume that, with 650m iPhones in use and 2.5bn smartphones in total, you can build a big company without thinking about the low end anymore?"
  • Mobile and tablet have overtaken desktop's share of page views - The Atlas charts - "While this doesn’t necessarily mean more people are using mobile devices than computers, or that people are using their mobile devices more than their computers, it does for certain mean people are viewing more individual webpages on mobile browsers than they are on desktop versions."

ON THE WIRES

  • Walmart to Accept Chase Pay - "Chase announced today that Walmart (NYSE: WMT) will accept Chase Pay® on Walmart.com, within the Walmart mobile application and in its stores through the Walmart Pay app."
  • Recurly Fraud Management Helps Subscription Businesses Combat Suspicious Transactions and Minimize Chargebacks - "Recurly, Inc., the enterprise-grade subscription management platform, today unveiled Recurly Fraud Management which provides automated, streamlined tools to protect revenue by minimizing chargebacks, prevent e-commerce fraud and deter the creation of unauthorized accounts. These threats, if left unchecked, decrease revenue and profits, increase operating costs, and impact customer trust."

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

  • Scott Loftesness, a Glenbrook founding partner, formally retired October 31. Read Carol Coye Benson's Payments Views post about our co-founder's impact on the industry and on Glenbrook. If you know Scott, too, leave a comment!
  • We're hiring! Passionate about payments? Love solving tough client problems? If that describes you, come join us! Among other positions, we're looking for an East Coast engagement manger. Click here to learn more!
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

November 02, 2016

Headline News from PaymentsNews.com - November 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

  • Venture Capitalists Get Radical and Invest in a...Bank - Wall Street Journal - "For the first time in over a decade, a group of Silicon Valley’s top venture firms are making a sizable bet on a deposit-taking U.S. bank. Battery Ventures LP, Andreessen Horowitz, and Ribbit Capital are investing $28 million in a fundraising round for CRB Group Inc., the holding company for eight-year-old Cross River Bank, according to the firms."
  • Jack Dorsey gets another break with a strong third quarter from Square - Tech Crunch - "A lot of the other key metrics for Square continue to rise. Gross payment volume — a measure of how much money is flowing through the company — was up 39% year-over-year in the third quarter to $13.2 billion. The company also said it processed more than 35,000 business loans for a total of $208 million, which was up around 70% from the third quarter last year. Square also said it had margins of around 7%."
  • Brad Garlinghouse takes over as CEO of payments startup Ripple - Tech Crunch - "After running Ripple for around four years and overseeing the company’s growth through around $94 million in financing, CEO Chris Larsen will be stepping down. Larsen will become executive chairman of the company — a common move in CEO transitions. But COO Brad Garlinghouse, previously CEO of Hightail as well as a former AOL and Yahoo senior executive, will be taking over the role as CEO. "
  • Samsung adds local Deals to mobile payment app - Mobile Commerce Daily - "The phone manufacturer added a few new features to its mobile payments application, expanding coverage to three new countries, integrating with more merchants and adding a local Deals section. The new feature helps consumers find nearby deals and lets them redeem those promotions in-app. "
  • Apple Pay Adds Support for 23 More U.S. Banks and Credit Unions - MacTrast - "Apple Pay recently added 23 more banks and credit unions to its rolls of U.S. financial institutions that offer support for Apple’s contactless payments service."
  • A Realistic Approach to Omnichannel Banking - FIS Payments Leader blog - "This paper demonstrates a logical series of approaches that collectively form the basis of an omnichannel blueprint for financial institutions. Financial institutions must move to omnichannel interactions in order to contend with nontraditional banking establishments. Long-term success becomes more realistic when banks begin with a plan that accomplishes initial financial benefit and designs a comprehensive customer assessment."
  • IBM Buys Watson-Based Expert Personal Shopper - eWeek - ""We look to incorporate the Expert Personal Shopper platform into the customer engagement and commerce solutions that we create for our retail clients," said Paul Papas, global leader of IBM iX, in a statement. "By adding XPS into digital experiences, IBM iX aims to make online discovery simpler, smarter and more personalized for consumers. In addition to retail, we believe, XPS can be leveraged and applied to the digital properties for brands across a variety of industries.""

ON THE WIRES

  • Citi Launches Ability to Dispute a Charge Within Mobile App - "Starting today, Citi credit cardmembers have the ability to quickly and easily dispute certain posted charges directly within the Citi Mobile App for iPhone in the U.S. The new feature is designed to provide increased peace of mind to consumers and infuse simplicity and transparency within an often emotional process."
  • CardFlight and Security Card Services enter into mobile payments partnership - "CardFlight, a mobile point of sale (POS) technology provider and Security Card Services (SCS), a bank-focused merchant services provider based in the southeast, today announced their partnership to offer CardFlight's SwipeSimple solution to SCS merchants, enabling them to accept EMV chip card payments on the go."
  • Confidex Links The World of NFC Applications - ""Confidex has manufactured highly personalized, high quality mass transportation tickets since 2005 and in so doing, has delivered over 600 millions NFC-compliant products into the global markets. We would like to offer this high-end manufacturing knowledge for everyday use-cases for consumer products such as smart packages, print media, as well as for industrial applications. With our new modular product approach, high manufacturing capacity and our global distribution channels we are ready to ship the next 100 million custom printed and encoded Confidex Links for various mass NFC applications around the world", tells Confidex Marketing Director, Mikko Nikkanen."

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

  • Scott Loftesness, a Glenbrook founding partner, formally retired October 31. Read Carol Coye Benson's Payments Views post about our co-founder's impact on the industry and on Glenbrook.
  • We're hiring! Passionate about payments? Love solving tough client problems? If that describes you, come join us! Among other positions, we're looking for an East Coast engagement manger. Click here to learn more!
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

November 01, 2016

Headline News from PaymentsNews.com - November 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

  • “I know Scott!" - Payments Views (Carol Coye Benson) - "Our co-founder, partner and friend, Scott Loftesness, is formally retiring from Glenbrook. I can’t begin to say how much I will miss him – as a colleague, as a mentor, and as an endless source of ideas and insights. "
  • Americans are finally about to get online banking features that Brazil has enjoyed for years - Quartz - "Previously repressed by US regulations, industry inertia, and American consumer wariness, digital banking is about to finally become commonplace thanks to the money-transfer service Zelle. Developed by a consortium of major banks using the banks’ existing customer account bases, Zelle hopes to compete against PayPal, Venmo, and Square Cash. While it may seem revolutionary to Americans, consumers in Brazil, Norway, Australia, and other countries have been casually using similar technologies for over a decade."
  • New York's bitcoin hub dreams fade with licensing backlog - Reuters - "New York's financial regulator had sights set on becoming a global hub for innovations like bitcoin when it adopted trailblazing virtual currency rules last year. But the state lost that momentum when the agency's chief left, putting a licensing process in limbo and allowing rivals to catch up."
  • Contis Group embeds with Faster Payments and direct debits - Finextra - "This banking plus Faster Payments and Direct Debit capabilities run on an exclusive Contis-developed banking platform, and as a result, differentiates itself from other providers by offering a one-stop solution. All facets of the payments platform for banking and card payments are totally owned by Contis and are plugged directly into the UK banking backbone via its full agency banking arrangement with NatWest and the Visa network."
  • Credit Card Giant MasterCard Releases 'Experimental' Blockchain APIs - Coindesk - "The credit card giant’s development site now features three APIs connected to its internal blockchain work, including offerings focused on smart contracts and payment settlement. The APIs were released by MasterCard Labs, its innovation outfit."
  • Google seeks to be one-stop app, embedding ordering capability - Mobile Commerce Daily - "The newest update for Google Maps may bring a significant boon to small restaurants and mobile ordering consumers through the inclusion of a “place an order” button in the application, letting users order food from a restaurant directly through the navigation application."

ON THE WIRES

  • State Bank of India Chooses NCR to Execute Country’s Single Largest ATM Order - "NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions, today announced that State Bank of India (SBI), the country’s largest financial institution, has awarded NCR with the single largest order of ATMs in India. As part of this agreement, which is valued at more than $50 million USD to be executed over the next seven years, NCR will deploy 7,070 SelfServ™ 22e ATM’s, software solutions and provide services support to help SBI further expand its network in the country to reach its financial inclusion goals."
  • linked2pay Adds 'Pay by Text' to Bank Centric Payments - "Already a leading option for making transfers and settling up a tab among friends, our approach extends payments by text to a broader business usage. Ideal for invoicing or donation requests, a recipient of a text clicks to access their secure wallet to complete the transaction (by card or ACH) and receives an immediate receipt."
  • Shift4 Enables Merchants to Process EMV Chip Cards Through Global Payments - "hift4 Corporation, provider of the world's largest independent payment gateway, announced today it has certified for U.S. EMV with Global Payments. This certification enables merchants using Shift4's DOLLARS ON THE NET payment gateway to process chip-embedded credit and debit card payments through Global Payments with layered security as well as flexible payment processing options not available from competing payment service providers."
  • Law Enforcement In Connecticut - "Primark US Corp. ("Primark") discovered that payment card skimmers had been illegally placed on a limited number of card payment machines by persons unknown in the Danbury Fair Mall location. "Skimmers" are devices that criminals use to steal payment card data. Skimmers are typically about the size of a deck of cards, are placed over payment card readers, such as payment card terminals in retail stores, and are typically undetectable by the average user. The skimmer can capture magnetic stripe data as payment cards are swiped."

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

  • Scott Loftiness, a Glenbrook founding partner, formally retired October 31. Read Carol Coye Benson's Payments Views post about our co-founder's impact on the industry and on Glenbrook.
  • We're hiring! Passionate about payments? Love solving tough client problems? If that describes you, come join us! Among other positions, we're looking for an East Coast engagement manger. Click here to learn more!
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

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!

October 31, 2016

Headline News from PaymentsNews.com - October 31, 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

  • “I know Scott!" - Payments Views (Carol Coye Benson) - "Our co-founder, partner and friend, Scott Loftesness, is formally retiring from Glenbrook today. I can’t begin to say how much I will miss him – as a colleague, as a mentor, and as an endless source of ideas and insights. "
  • U.K. Startup Powa’s Failure Sparks Cross-Atlantic Spat - Wall Street Journal - "Now the fight over what went wrong at that smartphone-payment business, Powa Technologies, is turning public, providing a window into the sometimes-fraught relationship between entrepreneurs and investors when things sour."
  • Kohl’s Pay Update – Our Customers Love It! - Kohl’s blog - "It’s been just a few weeks since Kohl’s launched Kohl’s Pay, a mobile payment offering exclusively for our Kohl’s charge customers, and customer feedback has been extremely positive," said Ratnakar Lavu, Kohl’s chief technology officer. "
  • Algorithm Red Flags Potentially Dangerous Domain Names at Time of Purchase - WSJ CIO Journal - "Invented by five researchers at Princeton University and the University of California, the code works by scanning for 22 “features,” or red flags that are consistent with suspicious behavior. They include names that are registered in bulk by the hundreds, names that are variations of the same name, random-looking names, and names with numerical characters. "
  • This Anti-Fraud ATM System Won't Let You Use Your Phone - Bloomberg - "Elderly Japanese have been the target of so-called “it’s me” telephone call scams for years. Criminal groups call pretending to be a relative in need of funds or a medical professional or tax official demanding payment. The victims are often unfamiliar with how to use the ATM fund transfers, so criminals guide them through the transaction over the phone."
  • Goldman Says UnionPay Curbs Won’t Tame ‘Stealth’ China Outflows - Bloomberg - "Bloomberg News reported that credit and debit cards to buy insurance products in Hong Kong will be suspended other than for accident and medical coverage -- later confirmed by UnionPay. Chinese residents have been buying the insurance to skirt controls on how much capital they can move abroad, in some cases using multiple swiping of credit cards as a way of moving money overseas through the purchase of insurance policies."
  • Facebook Mobile Ad Revenues to Near $30 Billion Next Year - eMarketer - "Facebook is clearly getting closer to monetizing Messenger and WhatsApp,” said Williamson. “In August it made changes to WhatsApp’s privacy policy in preparation for allowing consumers to communicate more easily with businesses. And Messenger in September added buy buttons and native payments to the app."
  • America Isn’t Ready for a Cyberattack - Wall Street Journal - "The recent cyberattack that rendered more than 1,200 websites unreachable was a warning. Experts say a similar, or larger, attack could be launched tomorrow, and we’d be powerless to prevent it."

ON THE WIRES

  • System Innovators and ACCEO Solutions Inc. Release Semi-Integrated EMV Credit Card Payment Processing Solution for Government Agencies - "System Innovators (SI), a leading provider of centralized cashiering and enterprise revenue management (ERM), and ACCEO Solutions, a leader in payment solutions, have partnered to offer government clients an EMV-certified, semi-integrated point-of-sale (POS) middleware solution with end-to-end encryption (E2EE)."
  • WEX® and MyFlightSolutions™ Launch My Copilot™, an All-in-One Virtual Card Payment Solution - "Enabling operators to quickly and automatically reconcile a pilot’s trip expenses is groundbreaking for aviation businesses,” explained Jim Pratt, SVP, general manager, WEX Virtual Payments. Another benefit of My Copilot™ is the ability to automate the receipt tracking process so that users no longer need to manually keep track of unwieldy copies of receipts for approved expenses. “Simply put, this app means that pilots will ‘free up’ their wallets, which are usually chock-full of fuel credit cards,” notes Pratt. “Plus, aircraft operators no longer need to worry about losing track of cumbersome paper releases in order to buy fuel."

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

  • Scott Loftiness, a Glenbrook founding partner, formally retired October 31. Read Carol Coye Benson's Payments Views post about our co-founder's impact on the industry and on Glenbrook.
  • We're hiring! Passionate about payments? Love solving tough client problems? If that describes you, come join us! Among other positions, we're looking for an East Coast engagement manger. Click here to learn more!
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

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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