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January 20, 2017

Headline News from PaymentsNews.com - January 20, 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

  • Retailers Turn to Silicon Valley to Lure Customers - Wall Street Journal - "In the age of Amazon.com Inc., other retailers are scrambling to find a way to keep consumers shopping on their sites and in stores. The trick? Personalization, via data and tech."
  • With Help From Contactless, E-Payments Globally Could Be Taking a Bite out of Cash - Digital Transactions - "The digital-payments revolution may finally be poised to relegate cash to the sidelines of finance. Worldwide, 471 billion so-called cashless transactions flowed through payments networks in 2015, a 52% increase since the end of 2011 and up 13% over 2014, according to numbers released this week by Retail Banking Research Ltd."
  • Singapore commuters to get NFC-enabled transport payment wearables - NFC World - "Commuters in Singapore will soon be able to pay for public transport using an NFC-enabled fitness tracker or smartwatch linked to their EZ-Link transit card. The devices will allow for “fast, convenient and reliable” contactless payments on public transport and at more than 30,000 EZ-Link acceptance points, the card issuer says."
  • On-the-Go Ordering our biggest operational change since drive-thru: Dunkin’ Donuts exec - Mobile Commerce Daily - "The Dunkin Donuts exec provided a number of lessons learned from the company’s excursion into a mobile-centric approach in her “Mobile Meets Coffee” keynote, and explained the motivation behind the coffee purveyor’s use of mobile to stay competitive across its more than 8,000 stores in the United States. Much of the motivation behind building a stronger intersection between CRM and loyalty is to reduce friction for customers."
  • US data breaches increase 40 percent in 2016 - Payments Cards & Mobile - "The number of US data breaches tracked in 2016 hit an all-time record high of 1,093, according to a new report released today by the Identity Theft Resource Center (ITRC) and CyberScout (formerly IDT911)."

ON THE WIRES

  • LocoMobi Awarded Chicago Skyway Toll Bridge to Deploy Payment and Control Applications - "The Chicago Skyway Toll Bridge serves over 14 million customers per year. LocoMobi's world-leading license plate recognition technology will be the backbone of the new payment system, so that each vehicle is processed and easily tracked in real-time for revenue control purposes. LocoMobi's system will allow for a variety of innovative payment options including credit/debit/pin/chip card payment as well as mobile and Tap-and-Go payment."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are in San Jose, CA, New York, NY, and Atlanta, GA. See our spring 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

  • Join us at the 2017 FinTech Georgia Symposium February 9! Glenbrook is a proud sponsor of the 2017 FinTech Georgia symposium. Join us for this great event on February 9 in Atlanta. Reach out to Glenbrook's Elizabeth McQuerry, a board member of the Technology Association of Georgia, to schedule a meeting with the Glenbrook partners in town for the symposium.
  • We're hiring! Passionate about payments? Love solving tough client problems? If that describes you, come join us! 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!

January 19, 2017

Headline News from PaymentsNews.com - January 19, 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

  • Western Union settles U.S. money laundering allegations for $586 mln - Reuters - "Western Union Co agreed to pay $586 million and admitted to turning a blind eye as criminals used its service for money laundering and fraud, the U.S. Department of Justice and the Federal Trade Commission said in statements on Thursday."
  • Rabobank readies for real-time payments - Finextra - "Rabobank is preparing for the advent of European real-time payments with the implementation of a new payments hub from ACI Worldwide. With the onset of new instant payment schemes across Europe imminent, the Dutch co-operative has been shopping around for a real-time payments hub capable of handling domestic NL instant payments processing as well as pan-European instant payments. Available via a SaaS delivery model or on-premise, ACI’s UP Immediate Payments provides connectivity and processing for the local and pan-European Sepa Instant Credit Transfer schemes (SCT Inst)The product features enhanced functionality specifically for the management and processing of real-time payments, including exceptions handling, business intelligence and monitoring dashboards. "
  • WeChat's App Revolution - "The biggest long-term threat to the iPhone isn't Android, Samsung Electronics Co. or China's bevy of cheap phone makers. Instead, it's a deceptively simple idea: Apps work better if you embed them in a single program, rather than let them proliferate across your home screen. WeChat, China's leading social media app, just launched a new platform with exactly that idea in mind. It has the potential to reconfigure smartphones as radically as anything since the first iPhone was released."
  • Obama Administration Issues a Fintech Policy Whitepaper - Lexology - "The whitepaper highlights how the U.S. remains the global leader in FinTech as measured by total investments, but that the U.S. government needs to continue to develop a FinTech policy strategy that appropriately balances advancements in the sector, consumer protection, economic growth, and other policy outcomes."
  • Twitter is phasing out the “Buy” button, will continue to offer donations - TechCrunch - "Twitter is now gradually winding down the “Buy” button, and with it the partnerships that it forged to bring in retailers and other businesses to use them. At the same time, Twitter will continue to offer a “Donate” button to give to charitable causes and other nonprofits, which Twitter will offer directly."

ON THE WIRES

  • Apriva and Metric Parking Usher in Future of Parking Payments with Latest EMV-Certified Unattended Solution - "Apriva, the leading provider of secure end-to-end wireless transaction processing solutions, and Metric Parking, a leader in parking and ticketing payment solutions, announced today that they have completed EMV integration and certification on the strongest unattended EMV payment solution in the U.S. to date. The certification spans all major card brands, including Visa, MasterCard, American Express and Discover, enabling the use of EMV chip card technology over Apriva’s processor connections."
  • Mastercard and George Soros to Explore Private Sector Solutions to Societal Challenges - "Mastercard and George Soros announced plans to explore creating a social enterprise to apply commercial strategies to deliver a positive impact on society. Called Humanity Ventures, the enterprise could catalyze and accelerate economic and social development for vulnerable communities around the world, especially refugees and migrants."
  • Data Breaches Increase 40 Percent in 2016, Finds New Report from Identity Theft Resource Center and CyberScout - "The number of U.S. data breaches tracked in 2016 hit an all-time record high of 1,093, according to a new report released today by the Identity Theft Resource Center (ITRC) and CyberScout (formerly IDT911). This represents a substantial hike of 40 percent over the near record high of 780 reported in 2015. "
  • VTEX to Partner with PCI Security Standards Council to Improve Payment Data Security Worldwide - "VTEX, a global digital commerce platform servicing more than 2,000 companies worldwide, announced today that it has joined the PCI Security Standards Council as a new Participating Organization. VTEX will work with the Council to achieve and improve payment data security worldwide through the ongoing development of the PCI Security Standards, including the Payment Card Industry Data Security Standard (PCI DSS), PIN Transaction Security (PTS) requirements and the Payment Application Data Security Standard (PA-DSS)."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are in San Jose, CA, New York, NY, and Atlanta, GA. See our spring 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

  • Join us at the 2017 FinTech Georgia Symposium February 9! Glenbrook is a proud sponsor of the 2017 FinTech Georgia symposium. Join us for this great event on February 9 in Atlanta. Reach out to Glenbrook's Elizabeth McQuerry, a board member of the Technology Association of Georgia, to schedule a meeting with the Glenbrook partners in town for the symposium.
  • We're hiring! Passionate about payments? Love solving tough client problems? If that describes you, come join us! 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!

January 18, 2017

Headline News from PaymentsNews.com - January 18, 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

  • Publishing Dwolla’s Faster Payment Proposal - Dwolla blog - "Dwolla launched FiSync with a banking partner in 2012. The special bank API was the first real-time funds transfer system in the United States. Our second integration launched in 2014. By the end of 2015, Dwolla had made the decision to shift its focus to building the ideal API for developers. Despite the transition, Dwolla has remained committed to bringing about a faster, more modern and accessible banking infrastructure to its customers. The following post outlines the recent industry developments and offers a downloadable version of Dwolla’s faster payment proposal."
  • Mercedes Pay mobile payments unveiled for Daimler mobility services - NFC World - "Customers of Daimler’s mobility services will soon be able to use a dedicated Mercedes Pay mobile payments platform, allowing them to “easily and securely pay for mobility offerings and services using their smartphones”, the German automotive giant has announced."
  • Mastercard's latest mobile effort: Helping farmers sell direct, no shady middlemen - ZDNet - "Payments giant Mastercard and charity Cafédirect Producers Foundation have teamed up to create 2KUZE, a mobile marketplace for produce designed to help East African smallholders sell and receive payments for goods."
  • CMA gives provisional nod to Mastercard remedies for VocaLink takeover - Finextra - "Mastercard has agreed to reduce the costs to the Link ATM network for switching infrastructure providers in order to head off competition concerns raised over its $700 million takeover of VocaLink."
  • Analysts tip mobile payment market to hit $3T by 2022 - Mobile World Live - "The global mobile payments industry is set to be worth $3.39 trillion by 2022 driven by markets in Asia Pacific, Allied Market Research predicted. The US-based research company forecast the sector will continue to be led by SMS and WAP-based payment systems. However, it added an increase in the number of NFC Point of Sale terminals and campaigns driven by large players providing mobile wallet services will also provide robust growth to this segment."
  • High-Speed Traders Are Taking Over Bitcoin - Bloomberg - "Forget libertarians, speculative individual investors and Chinese savers trying to spirit money overseas. The reality is that professionals armed with cutting-edge technology now drive as much as 80 percent of bitcoin trading, mimicking strategies honed by some of the biggest players on Wall Street. To them, bitcoin is just the latest asset class ripe for conquering with machines."
  • Mall Owners Find Relief From Unlikely Source: Online Retailers - Wall Street Journal - "Retailers are converting empty mall space into makeshift distribution centers used for package pickup and returns of goods bought online. At the same time, online merchants are opening physical stores to reach more customers, either via short-term leases in pop-up stores or long-term tenancies like Amazon.com’s upcoming move into Manhattan’s Time Warner Center."

ON THE WIRES

  • Nvoicepay Transforms Supplier Payments with Mastercard inControl for Commercial Payments - ""Mastercard created inControl for Commercial Payments as a platform that empowers businesses to determine how, when, and where card payments can be made. As more businesses leverage virtual cards to execute and reconcile their supplier payments, we team with payment providers like Nvoicepay to help make business payments as simple and straightforward as consumer payments," said Eugene DeSilva, Senior Vice President of Commercial Products for Mastercard."
  • GlobalPlatform enables the Web to access Advanced Security Services - "By allowing web services to utilize a dedicated tamper resistant piece of hardware within a device, known as a SE, the newly released Web API for Accessing Secure Elements v1.0 enables sensitive data from online applications to be securely stored and processed in a secure, isolated environment. By doing so, it enables web services to address multiple use cases that are central to the deployment of value added services."
  • Ethoca & FICO Partner to Improve End-to-End CNP Fraud Management Capabilities for Card Issuers - "Ethoca, the industry standard for collaboration-based technology solutions that enable card issuers and online merchants to increase card acceptance and stop ecommerce fraud and disputes, today announced a partnership with Silicon Valley analytic software firm FICO. Card issuers using the industry-leading FICO® Falcon® Fraud Manager will be able to easily connect to Ethoca's Global Collaboration Network to maximize the recovery of card not present (CNP) fraud losses and avoid the costly, inefficient chargeback process."
  • Lack of On-Site Security and IT Expertise a Common Challenge - "Cybera, the leading provider of secure software-defined wide-area networks (SD-WAN), today released the results of its Retail Realities survey of retail professionals at Retail’s BIG Show or NRF. The survey of more than 50 retail professionals found that many retailers lack the necessary IT staff at the store level to ensure proper solution implementation and security."
  • Augeo Acquires Edo Interactive - "Augeo, a leader in consumer and employee engagement and incentive programs across all industries, today announced the acquisition of Edo Interactive, a leader in the card-linked offer industry."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are in San Jose, CA, New York, NY, and Atlanta, GA. See our spring 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

  • Join us at the 2017 FinTech Georgia Symposium February 9! Glenbrook is a proud sponsor of the 2017 FinTech Georgia symposium. Join us for this great event on February 9 in Atlanta. Reach out to Glenbrook's Elizabeth McQuerry, a board member of the Technology Association of Georgia, to schedule a meeting with the Glenbrook partners in town for the symposium.
  • We're hiring! Passionate about payments? Love solving tough client problems? If that describes you, come join us! 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!

January 17, 2017

Headline News from PaymentsNews.com - January 17, 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

  • Intel launches new IoT retail platform, plans $100 million retail tech investment - ZDNet - "It's called the Responsive Retail Platform (RRP), and according to Intel, it connects disparate islands of in-store technology and makes it easier to develop and deploy Internet of Things (IoT) software and services. Simply put, it works to bring together retail hardware, software, APIs, and sensors in a standardized way."
  • Accenture: Blockchain Could Save Investment Banks $12 Billion Annually - Coindesk - "Released today, the report (co-written with benchmarking consultancy McLagan) focuses on the kinds of cost savings investment banks could potentially achieve through use of the tech to streamline various office functions."
  • Alipay Expands Mobile Payment App Services To North America - Retail Touch Points - "Alipay, a digital payment platform based in China, has expanded its in-store mobile lifestyle and payments service to the North American retail market as it seeks to enhance the shopping experience for Chinese consumers visiting the U.S. and Canada. "
  • NEARLY 25% OF UK CARD PAYMENTS NOW CONTACTLESS - Cards International - "Nearly 25% of all card transactions are now carried out via contactless channel in the UK, according to the figures released by the UK Cards Association. Almost 325 million purchases were done through contactless debit and credit cards in November 2016, which accounts for 25% of all card payments during the month."
  • ANZ TO REPLACE LOST CREDIT, DEBIT CARDS WITH DIGITAL WALLETS - Cards International - "ANZ Australia products managing director Katherine Bray said: "Our customers report about 670,000 cards as lost or stolen each year and we know waiting for a new card to arrive can be a real inconvenience. Now our customers can keep using their digital wallet, whether it’s Apple Pay or Android Pay, to make purchases while they wait for the new physical card to arrive in the mail.""
  • What Facebook’s European payment license could mean for banks - TechCrunch - "Facebook has already disrupted the classifieds market with the launch of Facebook Marketplace, and with PSD2, Facebook has the possibility of becoming their own payments processor as a PISP (Payment Initiation Service Provider) and connecting to bank accounts directly through APIs. Facebook may then ask consumers for permission to use their bank details as a payment method. Once you give permission, Facebook will be able to securely access your bank account and collect their payment."
  • ICICI Blocks PhonePe as India Payment Market Battle Intensifies - Bloomberg - "The country’s big banks are now vying with digital wallets offered by startups to garner a larger slice of a payments business that Bank of America Corp. projects could grow to $3 trillion within six years. ICICI is the second bank to block a payments app this year, following State Bank of India, which stopped its customers from adding money to Paytm’s digital wallet, citing security concerns."

ON THE WIRES

  • Global Fraud Attempts Increased by 31% During Holiday Shopping Season - "Fraud and general retail growth each increased substantially during the 2016 holiday season, according to new benchmark data from ACI Worldwide (NASDAQ: ACIW). Fraud attempts increased by 31 percent, while the number of overall transactions increased by 16 percent. The survey data, based on hundreds of millions of transactions from global merchants during the 2015 and 2016 holiday shopping season (starting on Thanksgiving and ending on December 31) highlights key shopping -- and fraud activity -- trends. ACI ReD Shield, a premier CNP fraud detection and prevention solution for eCommerce merchants, processed 7 percent of Black Friday's online spend and 13 percent of Cyber Monday's total online spend."
  • Equinox Payments Integrates Android Pay’s Seamless Payments and Loyalty Feature - "Equinox Payments (“Equinox”), announced that all Equinox terminal solutions are now integrated with Android Pay, allowing retailers to provide an improved checkout experience to their loyalty customers. Equinox is the first terminal provider to implement Android Pay’s newest version of this technology across all its product lines, including the L5300 multi-lane terminals used by Walgreens, the first retailer to integrate its loyalty program with Android Pay on the L5300s in its stores nationwide."
  • Allant Group Moves Tokenization Security to the Cloud - "The Allant Group www.allantgroup.com, a premier value technology provider of multi-sourced data aggregation and advanced data analytics, has moved its data and services to the cloud to increase application flexibility and availability, as well as to reduce IT support and maintenance costs. The Allant Group combines customer and business intelligence applications to help enterprise and mid-market clients gain valuable insights and drive marketing performance. As an organization that focuses on Big Data, Allant receives, stores, and processes large datasets of payment and personal information, carefully guarding it in a tokenized PCI Island running in an on-premise data center."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are in San Jose, CA, New York, NY, and Atlanta, GA. See our spring 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

  • Join us at the 2017 FinTech Georgia Symposium February 9! Glenbrook is a proud sponsor of the 2017 FinTech Georgia symposium. Join us for this great event on February 9 in Atlanta. Reach out to Glenbrook's Elizabeth McQuerry, a board member of the Technology Association of Georgia, to schedule a meeting with the Glenbrook partners in town for the symposium.
  • We're hiring! Passionate about payments? Love solving tough client problems? If that describes you, come join us! 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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