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Headline News from PaymentsNews.com - May 12, 2017

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

ON THE WEB

  • IPFA Cross Border Survey - IPFA - "The International Payments Framework Association (IPFA) is a non-profit association focused on improving cross-border payments through the adoption of shared standards and rules. We’re seeking input from payments industry professionals and users of payment systems on the state of play in cross-border payments and the adoption of real-time transfer capabilities for cross-border payments."
  • Trends in Consumer Mobility Report - Bank of America - "This spring’s report finds the exchange of funds through P2P is the new social ‘norm’, ultimately replacing the IOU. While millennials are spearheading the charge of adoption, use spans generations, genders and lifestyles. This growth is expected to increase drastically in the coming months, with its real-time speed, social use and new offerings as the top reasons to start using the service."
  • Chase outage knocks out payments service for customers nationwide - American Banker - "JPMorgan Chase customers nationwide on Thursday were prevented from making online and mobile payments, due to unspecified technology issues. Services including bill pay and Chase QuickPay — the company’s peer-to-peer payment service — went down around 4 p.m. and were restored aroudn 8:30 p.m. Eastern time, according to company spokesman Tom Kelly. He said the issue did not affect the company’s ATM or branch network, nor did it affect debit or credit card transactions."
  • UK Land Registry Plans to Test Blockchain in Digital Push - Coindesk - "The UK’s national land registry is looking to test blockchain technology as part of a wide-ranging digitization effort. Last month, HM Land Registry began searching for new board members and, in a notice published to its website, also detailed its plans for a so-called 'Digital Street' – an upcoming scheme the office hopes will improve the speed and efficiency by which titles change hands."

ON THE WIRES

  • HID Global Adds Trust to Online Transactions and Digital Access with HID Approve Mobile App - "HID Global®, a worldwide leader in trusted identity solutions, today announced a new app, HID Approve™, which turns a mobile device into a handheld validation device or “authenticator” that verifies online access and transaction requests, such as digital banking transactions or corporate VPN access. HID Approve adds a new level of trust for consumers and employees to transact securely. "
  • UnionPay International Supports Payment Interconnection among the Belt and Road Countries - "Now, UnionPay has presence in over 50 markets along the Belt and Road. UnionPay International CEO Cai Jianbo said, "Our strategy is to suit our measures to the local conditions in different markets, supporting the personnel exchanges between China and other regions and facilitating the 'Going Global' of China's financial standards.""

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next public Boot Camp and Insight Workshop series will be in Atlanta, May 16-18. Come for the two day boot camp or attend all three days. For those of you who plan ahead, we have our fall schedule lined up, too. Check out our entire boot camp schedule here. We hope to see you soon!

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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