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« January 22, 2017 - January 28, 2017 | Main | February 5, 2017 - February 11, 2017 »

February 03, 2017

Headline News from PaymentsNews.com - February 3, 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

  • Republicans Introduce Resolution to Kill CFPB’s Prepaid-Card Rule - Wall Street Journal - "Republican lawmakers have introduced a resolution to repeal a new federal rule affecting prepaid cards, ramping up their effort to curb the authority of the Consumer Financial Protection Bureau."
  • The New Administration Brings Uncertainty But Also Optimism, Payments Experts Say - Digital Transactions News - "The new Trump administration injects much uncertainty into U.S. business, with payments being no exception, but a panel of experts on Thursday said the net result should be positive for at least the acquiring side of the market."
  • Alibaba Said to Lead $200 Million Funding for Paytm’s E-Commerce Unit - Business of Fashion - "China’s Alibaba Group Holding Ltd. will lead a $200 million round of investment in newly established Indian online retailer Paytm E-commerce Pvt, a person familiar with the matter said."
  • California Pizza Kitchen’s app touts mobile pay, rewards program - Mobile Commerce Daily - "The app takes cues from the fast casual sector Casual dining restaurant California Pizza Kitchen has retooled its CPK Pizza Dough Rewards Mobile App, which now offers mobile pay, ordering, past purchase history and a tip calculator. Developed in partnership with Paytronix, the enhanced application also makes it easier to earn, track and apply rewards from CPK’s Pizza Dough Rewards loyalty program."
  • Bluetooth bus ticketing trial lets passengers travel without buying a ticket - NFC World - "Bus passengers in northern England are trialling a mobile ticketing system that works with Bluetooth beacons placed on buses and at bus stops, and a smartphone app that tracks the user’s journey and then charges them the best-value price over the course of a day or week."
  • Contactless charity boxes to battle decline in cash donations - The Telegraph - "It comes in response to fears about the rise of the cashless society cutting off a lifeline for charities. Cash payments are declining rapidly in Britain thanks to contactless technology, which allows shoppers to quickly pay for a coffee or sandwich simply by tapping their card up to a limit of £30."

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!

February 02, 2017

Headline News from PaymentsNews.com - February 2, 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

  • Mobile wallet spend to increase by more than 30pc this year: report - Mobile Commerce Daily - "“International mobile wallet companies like WeChat and Alipay certainly have the traction in a global market to contest PayPal’s 77+ percent U.S. market penetration — the big question is not if they will or are able to contest this, but when,” said Marci Troutman, CEO of SiteMinis. “With the current administration the U.S. market may hesitate to allow a significant penetration, but with a solid plan to nitch away at PayPal’s current penetration in full swing, and given the proposed number of visitors from China in 2017 to the U.S., a large bite could indeed be taken from PayPal in the next 8-10 years.”"
  • Barclaycard teams with VocaLink for mobile payments - Banking Technology - "By partnering with VocaLink, Barclaycard will work with its merchants to provide an ecommerce gateway – to authorise and process payments made through the app. This means that when a transaction is made, the payment is taken from the shopper’s bank account and deposited into the retailer’s account in “almost real time”. Whether users are registering for the first time or paying with a mobile, the app uses the bank’s own security methods to verify the user. In addition to the bank security, Pay by Bank app customers can see their account balances before they pay."
  • GlobalPlatform framework gives consumers control over their own secure element section - NFC World - "GlobalPlatform has released a new framework that gives consumers control over which secure applications can be used within part of the secure element (SE) of their trusted devices, without compromising security for the SE as a whole. The model “forms a blueprint for a move away from the issuer-centric model to putting the consumer in control”, the standards body says."
  • Law Firm Hogan Lovells Learns to Grapple with Blockchain Contracts - Wall Street Journal CIO Journal blog - "A blockchain distributed ledger may not replace all lawyers, but one firm is studying how the technology could eliminate many of the manual steps typically needed to execute contracts. New York City-based law firm Hogan Lovells is experimenting with so called smart contracts and exploring the legal and organizational issues raised by the agreements executed automatically using blockchain."

ON THE WIRES

  • Masterpass by Mastercard Expands Payment Options for Thousands of Merchants - "Mastercard today announced that Masterpass is now accepted at more than 10,000 small- and medium-sized merchants leveraging Sage Payment Solutions, a value added payment solution provided by Sage North America. The partnership enables merchants to leverage Masterpass to provide the speed, simplicity and security of digital payments to their customers."

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!

February 01, 2017

Headline News from PaymentsNews.com - February 1, 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

  • Payments 2017 – One Month In - Glenbrook’s Payments Views (George Peabody) - "Now that 2017 is underway, it’s clearer that prospects for 2017 include increasing tectonic activity that will be rough or smooth depending upon which side of the tectonic plate you are standing on."
  • Apple Q1: Apple Pay users tripled, transaction volume up 500% YOY, Comcast adding support for bill payments - 9to5Mac - "Cook confirmed that the number of Apple Pay users has tripled over the last year while noting billions in transactions during the December quarter alone. Transaction volume is up 500% year over year, according to the company, and the service is now in a total of 13 markets following recent launches in new countries abroad. For Apple Pay on the web, which allows the payments service to be integrated with website checkouts, Apple noted that over 2 million small businesses— and soon Comcast— are now accepting invoice payments with the service."
  • Ripple lands first Middle Eastern bank - Finextra - "The National Bank of Abu Dhabi (NBAD) has become the first bank in the Middle East to use the Ripple protocol for cross-border payment transactions, joining a growing list of banks around the world adopting the technology."
  • Chain Previews New Blockchain Privacy Tech 'Confidential Assets' - Coindesk - "Chain is seeking to provide a solution for blockchain privacy that would protect information about accounts, account history and asset privacy."
  • Coin will shut down its product services at the end of February - TechCrunch - "Fitbit has made its plans for Coin clear since it bought the mobile payment company back in May of last year. At the time, the wearable maker announced that it was shutting down the Coin Developer Program, though cards would remain active until their batteries finally gave up the ghost."

ON THE WIRES

  • Chargebacks911 and ACI Worldwide Combat £80 billion in Global Chargebacks - "Chargebacks911™, a Global Risk Technologies company and an internationally-renowned leader for risk mitigation, has today announced a new collaboration with ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions. This alliance will enable more merchants to access the services they need to successfully fight illegitimate chargebacks."
  • Evolve IP Completes PCI DSS Validation on the Evolve IP Compliance CloudTM - "Evolve IP, The Cloud Services Company™, today announced that it has achieved Payment Card Industry (PCI) Data Security Standard (DSS) compliance covering all 12 sections of the PCI DSS. The validation is part of the Evolve IP's ongoing development of the Evolve IP Compliance CloudTM which also supports compliance for HIPAA and ITAR, as well as SSAE 16 SOC II. The company expects to be certified for HITRUST compliance and FFIEC compliance in Q2 of 2017."

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 31, 2017

Headline News from PaymentsNews.com - January 31, 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

  • MASTERCARD WINS LEGAL BATTLE OVER INTERCHANGE FEES IN UK - Cards International - "MasterCard has won a legal battle against the UK retailers including Asda, Morrison, New Look and Next over its interchange fees levied on the use of debit and credit cards. The retailers accused MasterCard for overcharging the interchange payments paid by shops to credit and debit card issuers when customers purchase goods using their cards."
  • PURCHASES, PAYMENTS & BANKING AROUND THE WORLD - Mobile Ecosystem Forum mobile money report - "MEF’s global consumer study series looks at the habits and attitudes of nearly 6000 consumers in nine countries. The Mobile Money Report supported by Wirecard found 78% of people surveyed had made a purchase by mobile in the previous six months and looks at the types of payments and banking activities in both developed and emerging markets that are changing m-commerce habits and driving adoption of mobile money."
  • GREEN DOT TO BUY UNIRUSH FOR $147M - Cards International - "Green Dot has signed an agreement to purchase UniRush and its operating businesses RushCard and Rapid! PayCard in a transaction valued at approximately $147m. Additionally, Green Dot will pay a minimum $4m annual earn-out payment for five years after completion of takeover, thereby bringing the total cost of the acquisition to $167m."
  • Square Wants to Make Mobile Payments Ubiquitous With Apple Pay - Bloomberg - "Square Inc. is giving merchants more than $12,000 worth of Apple Pay transactions for free over a year, another effort by the company to encourage consumers to pay for quick retail transactions with their mobile phones."
  • Indonesian Ride-Hailing Unicorn Go-Jek Accelerates Digital Payments - eMarketer - "With a valuation of about $1.3 billion, Go-Jek has emerged as one of Indonesia's largest and most promising internet services company. The service boasts almost 30 million app downloads and has some 250,000 drivers working for it. Go-Jek has demonstrated a strong appeal for city residents who use it to hire motorbike taxis, which are faster than cars when dealing with widespread urban gridlock."

ON THE WIRES

  • Fugitive Arrested In $200 Million Credit Card Fraud Scam - "The scheme involved a three-step process in which the defendants would make up a false identity by creating fraudulent identification documents and a phony credit profile with the major credit bureaus; pump up the credit of the false identity by providing bogus information about that identity’s creditworthiness; then borrow or spend as much as they could without repaying the debts. The scheme caused more than $200 million in confirmed losses to businesses and financial institutions."
  • Sionic Mobile Launches The Mobile Rewards Marketplace™ - "Sionic Mobile today announced the launch of a fully digital, Mobile Rewards Marketplace for small-to-medium sized business merchants (SMBs) and large chain retailers. Available early February, the Marketplace for SMBs is powered by the company's award-winning ION Commerce Engine™ (ICE) and features speedy sign up, low-cost, bulk-rate mobile payments, merchant controlled rewards and untethered reach to millions of big-brand Mobile Rewards App consumers."

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 30, 2017

Headline News from PaymentsNews.com - January 30, 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

  • PayPal’s mobile payments volume sees 55% increase in 2016 - NFC World - "The company processed US$31bn in mobile payment volume during the fourth quarter, representing a 53% increase on the same period in 2015. The PayPal-owned Venmo mobile payments app processed $5.6bn in total payment volume, up 126% from the same period the year before."
  • Starbucks unveils a virtual assistant that takes your order via messaging or voice - TechCrunch - "Starbucks is embracing the trend towards voice-based computing with the launch of a new feature in its mobile app called My Starbucks barista, which allows customers to order and pay for their food and drinks just by speaking. This includes being able to modify their drink order, as if they were speaking with a barista in real life. Additionally, the company is launching a skill for the Amazon Alexa platform, which lets customers re-order their favorite items by speaking to their Echo speaker or other Alexa-powered device."
  • Bosch, Cisco, Gemalto and More: Tech Giants Team Up For Blockchain-IoT - Coindesk - "It’s big news that a group of Fortune 500 companies from the hardware and software industries is joining with a team of blockchain startups to develop a protocol that will connect the dots between IoT devices and blockchain technology. The initiative was born out of the New Horizons: Blockchain x IoT Summit in Berkeley, California, in December 2016 – a meeting that brought together startups Ambisafe, BitSE, Chronicled, ConsenSys, Distributed, Filament, Hashed Health, Ledger, Skuchain and Slock.it, and major corporations BNY Mellon, Bosch, Cisco, Gemalto and Foxconn."
  • 27 pc of all Starbucks transactions last quarter came from mobile pay - Mobile Commerce Daily - "Starbucks saw a sizable jump in mobile transactions in the first quarter of this financial year, with mobile orders jumping from three percent to seven percent of all transactions. The news comes amid general optimism for the brand’s mobile efforts. In addition to the figures relating to mobile orders and mobile payment, Starbucks is also introducing a chatbot ordering system as well."
  • CITIGROUP ADDS CREDIT CARD SCANNING FEATURE TO MOBILE APP - Cards International - "The new ability will allow US Citi credit cardholders to scan their cards using their mobile device’s in-built camera when activating in the mobile app after which the card account number will populate within the registration. Following the completion of card account number scanning, cardholders will have to input their CVV, date of birth and last four digits of their SSN to activate their card."

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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