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June 13, 2017

Headline News from PaymentsNews.com - June 13, 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

  • Android Pay now used for international P2P transfers, courtesy of WorldRemit - TechCrunch - "AndroidPay, Google’s wallet for Android devices, is getting a boost in its global profile and functionality today: WorldRemit, the $500 million remittance startup connected to around 120 million mobile money accounts globally, which lets residents in one country transfer money to family and friends in another, has announced that it will now let people make transfers using Google’s mobile wallet."
  • Security Investments Consume SWIFT's Profits - CU Infosecurity - "Banks that collectively own SWIFT saw their profits vanish last year as the organization increased its investments in information security, even as the interbank messaging service handled record volumes of money-moving messages."
  • Is Amazon a bank: ramps up lending in challenge to big banks - Payments Cards & Mobile - "Amazon.com said Thursday that its Amazon Lending service has surpassed $3 billion in loans to small businesses since it was launched in 2011. Amazon is planning to expand its lending to small businesses in the US, the UK and Japan, in a direct challenge to the big banks which have historically dominated."
  • Fiserv to buy UK mobile payments pioneer Monitise for 70 million pounds - Reuters - "U.S. financial technology provider Fiserv said on Tuesday it had agreed to buy British financial services technology firm Monitise Plc for about 70 million pounds ($88.72 million). AIM-listed Monetise, worth about 2 billion pounds at its peak in early 2014, blazed a trail by linking banks and mobile operators to build a business capable of handling billions of dollars in mobile payments, purchases and money transfers."
  • Scammers Are Using Fake Apple In-App Subscriptions to Make Lot of Money - The Hacker News - "Shady developers are abusing Apple's relatively new and immature App Store Search Ads, which was launched at last year's Worldwide Developers Conference (WWDC), to promote their app in the store by using a few strategically chosen search ads and a bit of SEO."
  • Goldman’s Blankfein, Citi’s Corbat Duped by Email Prankster - Wall Street Journal - "The chief executives of Goldman Sachs Group Inc. and Citigroup Inc. C are the latest bank bosses to be hooked by an email prankster trolling top Wall Street brass, exposing a low-tech gap in banks’ cybersecurity armor."

ON THE WIRES

GLENBROOK PAYMENTS EDUCATION EVENTS

Understanding the accelerating pace of change in the payments industry has never been more important. Get the knowledge you need fast at one of our two day Payments Boot Camps. Our one day Insight Workshops follow each Boot Camp and are deep dives into key topics such as digital payments and the global phenomenon of real-time push payments. Take a discount for attending all three days. Our workshop schedule is all set for the fall. Check it out 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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