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January 23, 2015

Headline News from PaymentsNews.com - January 23, 2015

On the Web:

  • Bitcoin and the Digital-Currency Revolution - Wall St. Journal - "No digital currency will soon dislodge the dollar, but bitcoin is much more than a currency. It is a radically new, decentralized system for managing the way societies exchange value."
  • Winklevoss Twins Aim to Take Bitcoin Mainstream - New York Times - "The exchange, which the twins have financed themselves, is a risky bet, given that the virtual currency industry has been a target of hackers and has faced existential questions about its legitimacy."

On the Wires:

Glenbrook's 2015 Payments Education Schedule Now Available!

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!

January 22, 2015

Headline News from PaymentsNews.com - January 22, 2015

On the Web:

  • Here's Why Apple Pay Users Have Cut the Plastic - eMarketer - "Among US iPhone 6 and 6 Plus users who had used Apply Pay while shopping at a retail store during Black Friday weekend, nearly three-quarters said using Apple Pay was easier than checking out with a debit or credit card..."
  • Braintree Opens Private Beta to Accept Bitcoin - Coinable Blog - "After working closely with Braintree over the past few months, we are excited to announce that Braintree has opened up private beta access to accept bitcoin for all of its U.S.-based merchants."
  • Bill Gates on Mobile Banking, Connecting the World and AI - Medium (Backchannel) - "The actual ideal is to essentially have a public switch that lets you move funds at low fees between various banks. That kind of rich interchange capability actually still doesn’t exist."
  • Visa Europe 2014 Annual Report - "To reflect the disparities across Europe, there is now more focus on local markets, and a more open and flexible approach to digital payment solutions. At the same time, a robust commercial ethos is being embedded within the business – in order to increase its strategic and monetary value, extend its market position, and protect it from business and regulatory risk."
  • ARM makes 15 predictions about 2015 - Android Authority - "These predictions cover a wide range of topics and reflect all the different areas of technology that utilize ARM based processors. The areas covered include smartphones, wearables, IoT, security and servers."
  • Monitise explores strategic review, warns on full-year results - Reuters - "Monitise Plc, a British mobile banking technology company, said it was reviewing its strategic options and warned that full-year revenue would be below its expectations..."
  • Webster Bank ramps up mobile banking app security with Touch ID - Mobile Commerce Daily - "Webster Bank is one of the first United States-based banks to leverage Apple’s Touch ID feature into its mobile banking application..."
  • Amazon drops mobile wallet as chances of a shakeout grow - Mobile Commerce Daily - "Amazon’s wallet strategy raised questions about its viability from the beginning, as many retailers consider the ecommerce giant a competitor and therefore would be unlikely to want to participate..."
  • Cross-Border Payments: Challenges and Trends - Aite Group - "The correspondent banking model does not meet every customer's modern needs, and the growing volume of low-value cross-border payments oblige banks to rethink their current approach to cross-border fund transfers."
  • Payments Giant Ingenico Adds Bitcoin Option to POS Terminals - CoinDesk - "Bitcoin payments provider Paymium has partnered with one of the world's largest point-of-sale (POS) providers to allow European brick-and-mortar retailers to accept the digital currency."
  • Reporting back from the Blockchain Workshops at MIT and Harvard - "And it turns out Bitcoin may be just the beginning."
  • Bigger than Hollywood - Asymco.com - "Apple paid $10 billion to developers in calendar 2014."
  • Google to Sell Wireless Service in Deals With Sprint, T-Mobile - Wall St. Journal - "Google Inc. is preparing to sell wireless service directly to consumers after striking deals with Sprint Corp. and T-Mobile US Inc., a move likely to prod the wireless industry to cut prices and improve speeds..."

On the Wires:

  • Xoom Announces Touch ID for Mobile Money Transfers - “Xoom has always placed safety and security as a top priority; and now with Touch ID on the Xoom Mobile App, this presents an enhanced customer experience with authentication that is simple and highly secure,” said Joe Raymond, Xoom’s Vice President of Product. “In keeping with our mission of creating a seamless customer experience across our platform, Touch ID will make it faster and easier for our customers to send money from the Xoom App, without having to type in a password.”
  • Wawa Launches New Mobile App and Wawa Rewards Program, Offering Customers a Whole New Way to Connect - "As of January 2015, all of Wawa’s more than 680 convenience stores are accepting mobile payments through the new Wawa mobile app, enabling customers to make in-store purchases with more convenience than ever before, using a Wawa Gift Card from their smart phones."
  • TSYS and Ingenico Group to Offer EMV, NFC and Apple Pay Enabled POS Payment Solutions - “Our relationship with Ingenico Group and its industry-leading expertise in EMV and NFC enabled TSYS to be among the first processors to be certified for Apple Pay,” said Craig Ludwig, senior director and head of product for TSYS' Merchant Services segment.
  • Raise Secures $56 Million in Series B Funding to Build on Company Momentum and Sustain Rapid Growth - "Raise, the largest online marketplace for gift cards, today announced that it has raised $56 million in a Series B funding round led by New Enterprise Associates (NEA), with additional funds supplied by Bessemer Venture Partners (BVP), the Pritzker Organization, Listen Ventures and several notable angels who previously participated."

Glenbrook's 2015 Payments Education Schedule Now Available!

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!

January 21, 2015

PayPal Grows TPV by 24% in Q4 2014

PayPal logo 140x60pxPayPal's parent eBay has announced financial results for 4Q2014 which included strong growth numbers for its PayPal business unit.

"In a year of unexpected events and distractions, we ended 2014 with double-digit revenue growth, solid earnings growth and strong cash flow, reflecting the fundamental strengths of our company," said John Donahoe, president and CEO of eBay Inc.

"PayPal had another strong quarter, finishing an excellent year. eBay, while facing challenges, continues to be a great business and is focused on stabilizing performance and engaging its core customers. Looking ahead, our plans are on track to separate eBay and PayPal into independent companies in the second half of 2015, and we are confident this is the right strategic path for each business."

PayPal net total payment volume (TPV) grew 24% in the fourth quarter with Merchant Services volume up 33% and on-eBay volume up 3%. Revenue grew to $2.2 billion. PayPal gained 4.6 million new active registered accounts in the quarter and 18.9 million for the full year, up 13% to 162 million. Global on-eBay penetration increased to 80.8%. PayPal product innovations and investment to make payments simple and easier resulted in accelerating transaction growth, up 25% in the quarter, representing more than 3.6 billion transactions for the full year.

Headline News from PaymentsNews.com - January 21, 2015

On the Web:

  • EBay Announces Job Cuts, Icahn Pact - Wall St. Journal - "EBay Inc. announced plans to cut about 2,400 jobs, or about 7% of its workforce, as the e-commerce giant prepares to spin off its PayPal electronic-payments business later this year from marketplace."
  • The 3Ps of the blockchain: platforms, programs and protocols - O'Reilly Radar - "Although it may be early to baptize new buzz lingo like “Blockchain as a Service” (BaaS) or “Blockchain as a Platform” (BaaP), there is a burgeoning landscape of various implementations and activity in and around the blockchain’s decentralized consensus protocol technologies."
  • Walmart offering cash pickup option for tax refunds - Chain Store Age - "In its newest move to offer more in-store financial services, Walmart is offering shoppers the option to pick up their tax refunds in cash. The new service, called Walmart Direct2Cash, is available nationwide starting Jan. 20."
  • Intuit Buys ZeroPaper, Its First Acquisition In Brazil - TechCrunch - "We are thrilled to work with ZeroPaper to reach small businesses, many just getting started and others, more established and larger businesses in need of the robust solutions in the QuickBooks Ecosystem, Dan Wernikoff, SVP & GM of the Small Business Group.
  • Seeing foreign interest in agri, infra & tech: MasterCard - MoneyControl.com - "India US trade will cross USD 500 billion by 2015. That’s the word coming in from Ajay Singh Banga, CEO, MasterCard."

On the Wires:

Glenbrook's 2015 Payments Education Schedule Now Available!

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!

January 19, 2015

Headline News from PaymentsNews.com - January 19, 2015

On the Web:

  • Wirecard’s Smart Band: A mobile wallet you wear around your wrist - GigaOm - "As with other the universal credit card concepts like LoopPay, Coin and Plastc; Wirecard lets you load a credit or debit card’s credentials into its device and use it to pay for goods in place of a plastic card. But instead of just emulating the digits on your card for a magnetic stripe reader, the Smart Band uses a new secure payments technology backed by Google, MasterCard and Visa called Host Card Emulation (HCE)."
  • Are you a Tier 1 or a Tier 2 token requestor? (It matters) - SimplyTapp Blog - "With all the talk about Token Service Providers and token requesting, I felt it was worth describing a bit more about the role of a "Token Requestor"."
  • BBA, Payments Council Respond to UK 'Call for Information' on Digital Currencies - CoinDesk - "The BBA, the leading group representing the UK's biggest banks, has issued a response to the government's 'Call for Information' on digital currencies."
  • How Was Your Credit Card Stolen? - Krebs on Security - "But it occurred to me recently that I’ve never published a primer on the types of card fraud and the likelihood with each of the cardholder ever learning how their account was compromised. This post is an effort to remedy that."

Glenbrook's 2015 Payments Education Schedule Now Available!

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!

January 16, 2015

Headline News from PaymentsNews.com - January 16, 2015

On the Web:

  • Understanding the blockchain - O'Reilly Radar - "There is no doubt that we are moving from a single cryptocurrency focus (bitcoin) to a variety of cryptocurrency-based applications built on top of the blockchain. This article examines the impact of the blockchain on developers, the segmentation of blockchain applications, and the network effects factors affecting bitcoin and blockchains."

On the Wires:

Glenbrook's 2015 Payments Education Schedule Now Available!

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!

January 15, 2015

Headline News from PaymentsNews.com - January 15, 2015

On the Web:

On the Wires:

Glenbrook's 2015 Payments Education Schedule Now Available!

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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