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« January 15, 2017 - January 21, 2017 | Main | January 29, 2017 - February 4, 2017 »

January 27, 2017

Headline News from PaymentsNews.com - January 27, 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

  • The year of chip: U.S. shows strong growth in 2016 - Visa blog - "During 2016, the number of Visa chip cards issued in the U.S. increased by 92 percent, totaling 408.1 million cards. In addition, the number of merchants who implemented chip-enabled terminals more than doubled, totaling 1.81 million. This represents 39 percent of all merchant locations— with 82 percent of them being small- and medium-sized businesses—and 49 percent of total payment volume. "
  • Solving the Card Not Present false decline puzzle - Payments Cards & Mobile - "In recent years, the payments industry has started to view the growing Card Not Present fraud problem through an entirely different lens. Card Not Present Key findingsToday, the overwhelming consensus is that the Card Not Present fraud problem, while increasingly costly, ultimately drives a much larger card acceptance problem."
  • PayPal Has Been Talking With Amazon on Payments, CEO Says - Bloomberg - "Amazon.com Inc. and PayPal Holdings Inc. have discussed letting shoppers pay for Amazon purchases using their PayPal accounts, highlighting how PayPal can attract new partners since its 2015 split from Amazon rival EBay Inc."
  • Starbucks must ease mobile order pileup to get customers in line - Reuters - "Starbucks' coffee shops are suffering from a feared consequence of the mobile revolution: the digital world can dump an avalanche of orders in a short period of time, creating delays and lines that scare away customers."
  • Venezuelan officials arrest four Bitcoin miners on charges of stealing electricity - Ars Technica - "Reason magazine published an article a few months ago detailing how, amid the collapse of Venezuela’s economy, people are turning to Bitcoin mining as a way to stay afloat. The country’s government heavily subsidizes electricity to the point where it costs about $0.02/kWh according to research project ClimateScope, so electricity-intensive Bitcoin mining sees a better return on investment in Venezuela than it might in a country with more expensive electricity."

ON THE WIRES

  • Chinese New Year Gift-Giving goes Mobile & Gamified in the USA - "Today, the Surpriise App (www.surpriise.me), a digital gift giving app recently featured on the Ellen Degeneres Show and Live with Kelly, launched a new feature that allows users to send these envelopes of money to each other electronically. Givers must first download the app then they can send specified amounts of money (in the form of a PayPal money transfer or a digital Pre-Paid Visa card) to a group of friends in their contact list and put the cash up for grabs to the first person who beats a high score in one of 3 fun mini-games. "

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 26, 2017

Headline News from PaymentsNews.com - January 26, 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

ON THE WIRES

  • Cubic and Transport for London Recognized for Innovation at London First Awards - "Cubic Transportation Systems (CTS), a business unit of Cubic Corporation (NYSE:CUB), and Transport for London (TfL) received the “London First Award for Innovation” at the London First Awards for bringing contactless bankcard technology to public transit in the capital. This is the ninth major award since 2015 recognizing Cubic and TfL’s contactless payment system."
  • Total Merchant Services Offers Free, Cutting-Edge Payment Processing Solutions for Businesses of All Types - "Total Merchant Services, a leader in payment services and solutions, today announced the expansion of its free equipment program to encompass the company's entire family of products, including readers, terminals and new point of sale (POS) systems. Through the new program, businesses of any type or stage of development can receive free, cutting-edge payment processing equipment appropriate for their needs. Businesses simply open a new payment processing account with the company or switch from another provider, and Total Merchant Services will provide free use of processing equipment – from mobile credit card readers to complete point of sale (POS) solution bundles including software, tablet, cash drawer, receipt printer, stand and EMV/NFC payment device. "

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 25, 2017

Headline News from PaymentsNews.com - January 25, 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

  • Banks and Credit Unions Expect Bigger Tech Budgets in 2017 - Wall Street Journal CIO Journal blog - "A majority of community-based financial institutions expect technology spending to grow 1% to 10% in 2017 from last year as they look to improve the utilization of technology across digital banking, customer relationship management and IT systems, a new survey says."
  • Thai Digital-Payment System May Save Banks $2 Billion - Bloomberg - "Thailand is due to roll out a national digital-payment system that levies much smaller transaction fees than the nation’s banks. Yet lenders expect the network to help rather than hinder them financially. Commercial banks could save some 77 billion baht ($2.18 billion) in the next 10 years as the so-called PromptPay service curbs the use of cash, according to Thai Bankers’ Association Chairman Predee Daochai. That will exceed the revenue loss from money transfers and payments by 20 billion baht, he said."
  • J.P. Morgan, Intuit Give Mint, TurboTax Customers Wider Access to Bank Data - Wall Street Journal - "J.P. Morgan Chase & Co. and Intuit Inc. have ended a long standoff with a new agreement to let the bank’s customers check account information on the technology firm’s sites without sharing their Chase passwords. The nation’s largest bank struck the deal with the owner of Mint.com, TurboTax Online and QuickBooks Online in an effort to ease tension with operators of increasingly popular personal-finance websites and applications, the companies said. "
  • UNITED AIRLINES TO ACCEPT UNIONPAY CREDIT CARDS FOR ONLINE TICKET BOOKING - Cards International - "United Airlines, UnionPay International and Planet Payment have teamed up to facilitate UnionPay credit card acceptance with the airlines for reservations and other ticketing purchases online and through call centres. The first phase of this launch will support the acceptance of UnionPay credit cards while acceptance of UnionPay Debit cards expected will be introduced at a later date."
  • Fintech sector needs more regulatory oversight: Bundesbank - Reuters - "Financial technology companies require greater oversight because they have the potential to disrupt the banking industry and could threaten financial stability, Bundesbank President Jens Weidmann said on Wednesday. So-called Fintechs typically use advances in technology to provide cheap and easy-to-access services, from transfers and trading to crowdfunding, operating largely outside of banking regulations. "Getting a clearer picture of fintechs' business activities is essential if we are to better understand whether and in what way they might pose a threat to financial stability," said Weidmann, who sits on the European Central Bank's Governing Council."
  • Biller Bill-Pay Sites Crush Bank Sites While Both Camps Look to Faster-Payment Offerings - Digital Transactions News - "In the battle over online bill payments, biller sites have been beating bank and third-party sites handily, but now the battle has turned into a rout. Biller sites accounted for fully 73% of online bills paid by consumers last year, up from 62% in 2010, according to a report released Tuesday by Boston-based research firm Aite Group and sponsored by Naples, Fla.-based payments-technology vendor ACI Worldwide Inc."
  • Google brings HCE payments to Android Wear 2.0 - NFC World - "Google is adding support for host card emulation (HCE) based NFC payments to smartwatches in Android Wear 2.0, the new version of its operating system for smartwatches which is scheduled to be released in early February 2017."
  • PayPal users can now deposit cash at any 7-Eleven - Mobile Commerce Daily - "“By allowing consumers to buy a card with cash and then use it to pre-load a PayPal account, they give consumers a safe, secure ‘bank’ with instant access via any of the 15 Million stores that that accept PayPal, whether that’s online or in-store. The 7-Eleven shopper demographic is one that is perhaps less likely to have a PayPal account already, so this move also drives more sign-ups to PayPal, who see a transaction fee from merchants when PayPal is used to pay for things.”"
  • Smartphone screen size linked to e-commerce sales uplift - ComputerWeekly - "Sean McGee, director of e-commerce at Schuh, said screen size is what matters, with uplifts in e-commerce sales correlating with the introduction of larger screen smartphones. “The bigger the screen, the better the conversion rate,” he added. According to IMRG’s index, sales from mobile devices lifted with the introduction of the iPhone 6 in 2014. Samsung similarly lifted mobile e-commerce sales in 2016."

ON THE WIRES

  • Zoho Launches Checkout; Empowers Businesses to Collect Online Payments with Ease - "Zoho, the leading cloud-based business operating system, today unveiled Zoho Checkout, a payments solution that allows businesses to create customized, secure checkout pages without requiring the technical expertise traditionally needed to set up checkout pages. Ideal for businesses of all sizes and across industries, Zoho Checkout delivers flexible payment options, real-time analytics, and customizable design. Zoho Checkout is the latest addition to the Zoho Finance Suite, one of the most comprehensive cloud-based financial applications in the market today."
  • Piggy, a New Automatic Coupon and Cashback Rewards Service, Makes Saving Money and Earning Rewards Dead Simple - "Everyone loves to save money, but it takes a lot of time and effort to search for available discounts and coupons before making online purchases. Piggy, a new coupon and cashback rewards service, changes that with patent-pending browser extensions that make savings automatic and simple. A free, 5-star rated browser add-on that works on Google Chrome, Safari and Firefox, Piggy scours the internet for the best deals and coupons for more than 2,000 major retailers, automatically adds discounts to the user's cart at checkout and gives customers cashback rewards on their purchases."

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 24, 2017

Headline News from PaymentsNews.com - January 24, 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

  • Guaranteed Fraud Prevention Solutions: Maybe Some Things in Life Are Guaranteed? - Payments Views (Glenbrook’s Chris Uriarte) - "I’ve had the pleasure of working in the e-commerce fraud prevention space since the late nineties and, just as e-commerce has significantly evolved over the better part of two decades, the way merchants battle fraud has changed substantially. Fraudsters have kept merchants on their toes and the industry has responded. We now have a host of new tools, technologies and techniques to assist merchants with a growing fraud problem that always seems to be one step ahead of what the “good guys” can keep up with. "
  • Rail passengers pilot Bluetooth and geolocation service for ticket-free travel - NFC World - "Passengers on UK rail company Chiltern Railways will soon be able to travel without tickets using a service integrating a mobile app with Bluetooth and geolocation services, which will track commuters throughout their journey, give them access through ticket barriers and automatically charge them the best price for the route taken."
  • Tesco rolls out PayQwiq payment app across UK estate - RetailWeek - "The supermarket giant has made its PayQwiq service available in every UK store, including its Extra, Metro and Express formats, following “positive feedback” from shoppers during an initial trial."
  • 2016: The year of the mobile banking app - Payments Cards and Mobile - "2016 may be the year of the mobile banking app. This is according to the TSYS UK m-payment and P2P payment consumer study, which found that 56% of consumers used their mobile to access banking services more than once a month. This is an increase of 12% on last year’s figures, which showed consumers either used m-banking a lot or not at all."
  • European payment methods - Stripe blog - "Today, we’re introducing support for five popular payment methods for European businesses: Bancontact, Giropay, iDEAL, SEPA Direct Debit, and SOFORT. You can activate these payment methods from your Dashboard. Additionally, European businesses can now enable 3D Secure for their customers."
  • Quicken to Leverage PayNearMe’s Prism API - Finovate - "Cash billpay service PayNearMe announced last week its Prism API is powering bill presentment for Quicken. By leveraging the Prism API, Quicken can provide its customers with real time bill and account visibility. "
  • Study: Home Depot, Macy's, Nordstrom Provide Best In-Store Mobile Experiences - Retail Touch Points - "“2015 saw a dramatic shift in retailers’ awareness of the potential to enhance the in-store experience for shoppers by leveraging their mobile devices,” said Jay Sunny Bajaj, Founder and CEO of DMI in a statement. “This year’s survey reveals that retailers who are investing in an enhanced in-store shopping experience are heading in the right direction, but there is still a significant gap between the haves and the have-nots. Those who provide a quality mobile experience will create the loyalty and market share so critical to retail success.”"
  • Mobile search correlates to higher purchase conversion rate - Mobile Commerce Daily - "Customers who search for products on mobile are 57 percent more likely to visit a store and 51 percent more likely to make a purchase, suggesting that understanding mobile shopping and search behavior is more important than ever, according to Nielsen numbers cited by an ecommerce executive."

ON THE WIRES

  • CSI’s 2017 Banking Priorities Study: More Than Half of Bankers Expect to Increase Spending on Customer Experience Initiatives - "Heading into 2017, customer experience will be a high priority among financial institutions, according to Computer Services, Inc.’s (CSI) (OTCQX: CSVI) annual banking priorities survey. More than half of the respondents (55 percent) plan to increase spending on customer experience initiatives in 2017, and nearly half (47 percent) cited using omnichannel technologies to attract new customers as their top opportunity."
  • CPI Card Group and Proxama Announce Strategic Relationship - "Proxama PLC (AIM: PROX), the international digital and mobile commerce company specialising in end-to-end payment solutions for card issuers and processors, is delighted to announce a joint agreement with CPI Card Group (Nasdaq: PMTS, TSX: PNT), a global leader in financial and EMV chip card production and related services, to deliver innovative financial and payments products to CPI’s growing North American customer base."
  • Star Micronics, with Elo and E-Nabler Corp., Introduces New Integrated mPOS Solution - "Star Micronics, the global industry leader in POS printer solutions, has announced that Elo, a global supplier of touchscreen solutions, and e-Nabler Corp., developer of the award-winning eMobilePOS software have together certified a fully integrated mPOS solution. The solution includes the Elo I-Series for Android tablet running eMobilePOS atop the new Elo mPOS printer flip stand that houses a Star Micronics printer. The space-saving, full-feature POS with commercial-grade durability is well-suited for retail, hospitality, venues, and more."

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 23, 2017

Headline News from PaymentsNews.com - January 23, 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

  • Banking to Help Alibaba-Backed Paytm Lure 500 Million Users - Bloomberg - "Indian digital-payments provider Paytm intends to launch its banking operations within two months, a move that would bolster its push to sign up more than a third of India’s 1.3 billion people as customers, according to its chief financial officer."
  • China mobile payment usage up 31% in 2016 - Mobile World Live - "Almost 68 per cent of China’s mobile phone users used their handsets to make payments in 2016, official sources in the country reported. A self-titled annual report by the China Internet Network Information Center – an agency of the Ministry of Industry and Information (MIIT) – revealed 469 million people used mobile payments in the country during 2016, a year-on-year rise of 31 per cent. "
  • IZETTLE, UNIONPAY TO BOOST CARD ACCEPTANCE FOR EUROPEAN SMES - Cards International - "Swedish mobile point-of-sale start-up iZettle has partnered with UnionPay International, a global subsidiary of China's only domestic bank card organisation UnionPay, to boost its card acceptance for SMEs in European market."
  • Technology will help—and hurt—bank results, studies say. - Wall Street Journal - "Some banks may be turning big profits this quarter. But they will have to spend a lot of money in a gamble to stay profitable as technology encroaches, according to new set of studies."
  • Blockchain Wallets Are Coming (Maybe Soon) to a Car Near You - Coindesk - "It's no secret cars have become more connected, but a new concept from a trio of big-name institutions is taking today's futuristic ideas further with a new blockchain prototype that envisions how transportation could be driven by automated payments. That's the vision behind a new blockchain project called Car eWallet, developed jointly by German auto parts maker ZF Friedrichshafen, the innogy Innovation Hub (a spin-off of german utility giant RWE) and Swiss Bank UBS."
  • The corner bank in the cloud - Mobile Commerce Daily - "One way outsiders have attacked the banks is via payment services. Payment aggregators have worked hard to become the go-to consumer wallet. PayPal, Amazon, Walmart and ApplePay have all battled for shopper mindshare, disintermediating the bank and bank partners wherever they are able. Disintermediating the bank’s daily cash relationship with the consumer hurts. Chase launched QuickPay to try to compete and woo digital consumer back. United States big banks banded together with a money-transfer service called Zelle."
  • Amazon is crushing Walmart, eBay, and Target in the growing mobile shopping space - Business Insider - "According to a new note published by Oppenheimer this week, Amazon's lead in the mobile shopping space is growing by a wide margin, tripling the number of US unique visitors to its mobile app over the past two years. Meanwhile, its biggest competitors like Walmart, eBay, and Target saw almost no growth in the same time span."

ON THE WIRES

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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