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February 19, 2016

Headline News from PaymentsNews.com - February 19, 2016

ON THE WEB

ON THE WIRES

GLENBROOK PAYMENTS EDUCATION EVENTS

Here's a quick reminder that we have two of our Glenbrook payments education events coming up later this month - both in Palo Alto, California - 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.

EVENTS

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!

February 18, 2016

Headline News from PaymentsNews.com - February 18, 2016

ON THE WEB

ON THE WIRES

  • U.S. Bank Upgrades Commercial Payment Solutions - “Together, Commercial Payments Manager and Access Online support the market’s widest range of commercial card and virtual payment choices,” said U.S. Bank Corporate Payments Systems President Jeff Jones. “By offering two complementary systems, U.S. Bank has made it easier for customers of every size and sophistication to access all the options they need to support and grow their organizations.”
  • MasterCard Expands Cardholder Controls and Peace of Mind - "For 50 years, we’ve developed new technologies that balance the need for increased security with the desire for greater convenience in payments. As these benefits become everyday features, consumers will receive even more protection and value from the MasterCard in their wallet– physical or digital.”
  • Vantiv Integrated Payments Announces Security Pays 2.0 to Drive Stronger Security Adoption - "This initiative promotes education and awareness, driving the adoption of security products to add layers of protection to the payments process, such as end-to-end encryption, tokenization and EMV."
  • Lavu Collaborates with PayPal to Offer EMV Payment Processing to Restaurants, Food Trucks and Bars - "PayPal will now be available to Lavu’s extensive portfolio of restaurants, bars and food trucks that generate billions of dollars in transactions annually. Additionally, Lavu can offer restaurant and bar owners EMV payment processing that is integrated with a clear and transparent pricing structure within its POS software, with no hidden fees."
  • Five Things to Look for in Cross-Border Payments in 2016 and Beyond - "As the payment landscape continues to shift − driven by an increasingly global economy, the adoption of more digital-only channels, and increased concerns over security and transparency − Mike Massaro, CEO of Flywire (formerly Peer Transfer) weighed in on the future for global payments."
  • Bell ID to Support Android Pay - "Bell ID, the mobile payments specialist recently acquired by Rambus Cryptography Research, today announces it will support international issuing banks, payment schemes and processors to integrate with Android Pay. Bell ID customers can utilize its Token Service Provider (TSP) software to enable and secure near field communication (NFC) payments functionality on Android phones."
  • 25 Million Credit Cardholders Haven't Changed Favorite Card in 10+ Years - "The truth is that loyalty doesn't pay when it comes to credit cards," Schulz said. "It is especially true with rewards because the quickest way to rack up rewards is to sign up for a new card with a big signup bonus..."

GLENBROOK PAYMENTS EDUCATION EVENTS

Here's a quick reminder that we have two of our Glenbrook payments education events coming up later this month - both in Palo Alto, California - 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.

EVENTS

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!

February 17, 2016

Headline News from PaymentsNews.com - February 17, 2016

ON THE WEB

  • The Plot to Kill the $100 Bill - Wall St. Journal - "The paper argues that eliminating high value currencies—such as the 1,000 Swiss franc ($1,013) note, the €500 note and the $100 bill—would reduce corruption and make life harder for tax evaders, terrorists, drug dealers, financial criminals and human traffickers."
  • A Message to Our Customers - Apple CEO Tim Cook - "But now the U.S. government has asked us for something we simply do not have, and something we consider too dangerous to create. They have asked us to build a backdoor to the iPhone."
  • As Marijuana Sales Grow, Start-Ups Step In for Wary Banks - New York Times - "The State of Colorado legalized marijuana for recreational use in 2014, joining several other states where the drug has been decriminalized in some form, but Visa and MasterCard will not process transactions for pot dispensaries and most banks will not open accounts for the businesses..."
  • Bye, bye, banker: New Monopoly game goes cashless with electronic payments - "Hasbro showed off a new version that eliminates both the game's signature paper money and the banker position."

ON THE WIRES

GLENBROOK PAYMENTS EDUCATION EVENTS

Here's a quick reminder that we have two of our Glenbrook payments education events coming up later this month - both in Palo Alto, California - 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.

EVENTS

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!

February 16, 2016

Headline News from PaymentsNews.com - February 16, 2016

ON THE WEB

  • Payments and the Internet of Things - PaymentsViews.com (Russ Jones) - "Does the Internet of Things need its own payment method? Probably not. I think the Internet of Things feels more like a new use case for existing payment methods than a new segment looking for its own unique payment methods."
  • The Great EMV Fake-Out: No Chip For You! - Krebs on Security - "Why are so many chip-capable checkout terminals already installed that have not been enabled to actually accept chip cards? Allen Weinberg, co-founder of Menlo Park, Calif. based management consulting firm Glenbrook Partners, examined this very question in a recent column that pointed to several factors holding retailers back from enabling dip-the-chip."
  • Fed's Kashkari Floats Breaking Up Big Banks to Avert Meltdown - Bloomberg - "He said options to consider include breaking up big banks, forcing large banks to hold so much capital they resemble “public utilities” and taxing leverage in the financial system to alleviate risks."
  • IBM's New Blockchain Bet Targets Next Wave of Financial Services - Bloomberg - "Working with Japan Exchange Group Inc., International Business Machines Corp. next month will start testing the distributed ledger technology that underpins bitcoin."
  • Is the banking industry about to have its 'Uber moment'? - Guardian - "When the standard is launched, possibly next year, customers will be free to empower any financial services provider to access their accounts so applying for mortgages and loans will not mean photocopying bank statements."
  • Why Wall Street Is Embracing the Blockchain—Its Biggest Threat - Wired - "In other words, if DTCC wants to embrace the blockchain, that’s a sure sign that Wall Street itself wants to embrace the blockchain."
  • A Billion Dollars Was Transferred Over Venmo In January - BuzzFeed - "The $1 billion in transfers is more than 2.5 times the volume seen in January 2015, and ten times as much as January 2014."
  • India: Moving a Billion People into Digital Finance - Fintech Ranking - "To help improve India’s digital future, the United States Agency for International Development (USAID) conducted a study identifying ways to ensure the success of Narendra Modi’s national mission for financial inclusion. The report, “Digital Finance – Beyond Cash”, examines the current behaviors and perceptions of digital payments in low-income communities in India and suggests ways to accelerate the adoption of digital payments."

ON THE WIRES

  • Amazon to acquire EMVANTAGE Payments - "EMVANTAGE has developed a series of payment solutions including a payment gateway, mobile payment solutions and pre-paid card solutions. The acquisition of EMVANTAGE will help Amazon accelerate the development of convenient and trust worthy payment solutions for customers and the ecommerce industry in India. As part of this acquisition, EMVANTAGE's employees will join Amazon's payments team to develop innovative payment products and solutions specifically for the Indian market."
  • ACI Worldwide to Connect to The Clearing House’s Real-Time Payment System in the U.S. - "We are excited to have ACI join those supporting our real-time payment initiative,” said Steve Ledford, senior vice president, Products and Strategy, TCH. "Many of our members and customers rely on ACI solutions and the addition of a real-time payments access capability will assist in ensuring accessibility, convenience and ubiquity to develop innovative new business models through real-time payments."
  • Cardpool Mobile Wallet Application Now Available in iTunes Store - "Cardpool users are savvy shoppers who use the service to save—from major, one-time transactions to everyday purchases," said Patrick Ramsey, general manager, Cardpool. "Now, the Cardpool app allows our users to seamlessly complete the money-saving experience by purchasing a discounted gift card that's quickly delivered to their mobile wallet for redemption using their mobile phone."
  • SafetyPay sees global growth, expanding its presence in Latin America - "The company has added new functionalities to existing products, and incorporated solutions into its portfolio such as, payment via internet banking; payment in cash; a phone sales solution; transacting payments for individuals and companies through the banking network, and batch solutions for recurring payments."

GLENBROOK PAYMENTS EDUCATION EVENTS

Here's a quick reminder that we have two of our Glenbrook payments education events coming up later this month - both in Palo Alto, California - 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.

EVENTS

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!

February 15, 2016

Headline News from PaymentsNews.com - February 15, 2016

ON THE WEB

  • Atlanta's ‘Transaction Alley’: US Payment Processing Capital - WABE.org - "Every time you swipe, tap or insert your card and even pay with your phone, there's a good chance the transaction will be processed here in Georgia. That's because nearly 70 percent of all payment card transactions are processed here, and more than half of U.S. financial technology firms are based in the Atlanta area."
  • Mobile wallets beware, UPI is here - YourStory - "The demise of mobile wallets in India would be quite a shocker. What will happen to all the seamless payments to your taxi vendors and favourite sumptuous food deliveries? The National Payment Corporation of India (NCPI), a primary body governing all retail payment systems in the country, may have some good news for you."
  • A story about using Apple Pay - Medium (Nate Swanner) - "The takeaway for those dozen or so people waiting for a seat at the sushi place was that Apple Pay is quick and easy, and at least leaps and bounds better than chip cards."
  • UnionPay transactions surge in Spring Festival spree - "China UnionPay transactions soared to yet another record high in the Spring Festival, the operator revealed Sunday."
  • Turkey's Iyzico Beats PayPal to Unlock Iran's E-Commerce System - Bloomberg - "An Istanbul-based payments startup says it’s signed a deal that smooths the way for companies seeking to follow it into Iran’s $400 billion economy."
  • Australian Regulator: Banks Didn't Collude Over Bitcoin Account Closures - CoinDesk - "The Australian Competition and Consumer Commission (ACCC) has concluded that Australian banks did not collude in blocking services for bitcoin firms and that a full investigation into the affair is not necessary."

ON THE WIRES

  • It's a holiday here in the U.S. today.

GLENBROOK PAYMENTS EDUCATION EVENTS

Here's a quick reminder that we have two of our Glenbrook payments education events coming up later this month - both in Palo Alto, California - 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.

EVENTS

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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