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January 13, 2017

Headline News from PaymentsNews.com - January 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

  • A Holiday-Shopping Test Finds Beacon-Based Mobile Offers Drive up Traffic Counts - Digital Transactions News - "This week, Swirl released some of the results of this comparison. Much of this had to do with increases in foot traffic. A specialty retailer inside a mall, for example, found a 41% rise in average basket size and a 36% increase in its mall-to-store traffic conversion. Another mall merchant, also a specialty retailer, saw a 13% jump in its mall-to-store conversion rate. An apparel manufacturer with an outlet store experienced a 7% increase in traffic, according to Swirl."
  • Blockchain Technology in the Insurance Sector - McKinsey report for FACI - "10 things you should know about Blockchain" in financial services.
  • Bharti Airtel launches payments JV in India - Global Telecoms Business - "Bharti Airtel has launched its payments joint venture today, going live in 29 states across India. Airtel Payments Bank sees the Indian operator partner with Kotak Mahindra Bank, spending Rs3,000 crore ($440 million) to build a pan-India banking network and payments ecosystem. The joint venture, which is 80:20 owned in Airtel’s favour, was launched by finance minister Arun Jaitley, along with Bharti Enterprises chairman Sunil Bharti Mittal and Kotak Mahindra Bank MD Uday Kotak. The APB will be led by Shashi Arora, who was also at the launch."
  • CUP Cloud Pay The First Landing In The Middle East - Payments Afrika - "The first batch of UAE merchants to open Unionpay cloud pay acceptance, including fast-food restaurants, digital stores, shopping centers. Consumers can be in the store’s non-connected terminal sensor identification area, using the “QuickPass” logo of the UnionPay chip card and support all kinds of cloud flash smartphone. CUP debit card consumption 300 Dirhams (about 570 yuan) The following does not need to sign, with UnionPay credit card consumption 300 Dirhams neither enter the password, do not sign. In the contactless payment to set a small cap in line with international practice, and more secure with the card security."
  • US consumers to use loyalty points as currency for in-store payments - NFC World - "The service has been developed by the terminal maker through payment technology provider FIS’ Premium Payback Network — a connection powered by Modo’s Coin-operated Digital Payments Hub."

ON THE WIRES

  • First Data Opens Up the Future of Global Commerce with Broadened Collaboration, Expanded Developer Tools - "In a rapidly evolving FinTech ecosystem, speed, agility, and collaboration are critical. That’s why today First Data (NYSE: FDC), a global leader in commerce-enabling technology, is launching First Data Integrated Solutions Group (ISG), a new business segment focused on expanded software developer tools for integration with First Data’s platforms. With the formation of First Data Integrated Solutions Group, First Data is deepening its engagement with independent software vendors (ISVs), value-added resellers (VARs), software developers, system integrators, and other market participants to expand commerce capabilities around the globe."

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 12, 2017

Headline News from PaymentsNews.com - January 12, 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

  • Episode 47 – Blockchains and Moving Money on the Internet – Circle Internet Finance - Glenbrook’s Payments on Fire podcast - "Join Payments on Fire host George Peabody and Circle’s co-founders Jeremy Allaire and Sean Neville for this discussion on Circle’s geographic expansion, its recent shift in bitcoin support, and its development of Spark, a blockchain-based open source smart contract platform optimized to share and store payments meta-data including exchange rates, KYC details, identity, etc."
  • $100K opportunity for early-stage developing-market fintech entrepreneurs - DFS Labs - "DFS Labs is an early-stage incubator that supports high potential entrepreneurs refine, grow and launch fintech businesses in developing countries. In April 2017, a select group of purpose-driven entrepreneurs will converge in South Asia (country TBD) for DFS Lab’s fintech bootcamp, bringing together smart, dynamic people who are building innovative products, services and technologies for low-income consumers. If you are passionate about solving problems faced by low-income consumers and believe you have what it takes, learn more and apply now!"
  • Swift is Building a Blockchain App to Optimize Global Cash Liquidity - Coindesk - "Announced today, The Society for Worldwide Interbank Financial Telecommunication (Swift) is integrating open-source blockchain technology with its own products to build a proof-of-concept that might one day replace the so-called "nostro" accounts its members keep filled with cash all over the world – just in case they need it. If successful, the blockchain application has the potential to finally achieve a longstanding dream of Swift, to free up that cash so it can be invested in more profitable measures."
  • Banks Hold Best Cards in Rewards Contest - Wall Street Journal - "While consumers benefit, the real winners are big banks like Chase and Citigroup, which are leaving behind stand-alone card issuers as they fight for market share. Credit card stocks have rallied broadly since the election on higher interest rates and growth expectations, but investors should be wary of companies that lag too far in their value proposition to consumers."
  • Indonesia’s First Billion-Dollar Startup Races to Kill Cash - Bloomberg - "Go-Jek became Indonesia’s first billion-dollar startup by offering ride-hailing services that became ubiquitous in the country. Now the company is planning a second act in digital payments amid rising competition from local rival Grab and Uber Technologies Inc."
  • UK's Funding Circle, an online marketplace lender, raises $100 million - Reuters - "Funding Circle, a London-based website founded in 2010 with a presence in the United States and several European countries, is one of Europe's largest and most valuable fin-tech startups. It connects a small business looking for a loan to investors through its online platform and has originated more than $3 billion in loans for 25,000 businesses globally so far."
  • ANDROID, IOS AND MARKET POWER – WHAT DOES MOBILE PLATFORM COMPETITION REALLY LOOK LIKE? – PART II - Disruptive Competition Project - "“As software platforms, both Apple’s iOS operating system and Google’s Android operating system are driven by the goal of attracting more users, developers and (for Android) handset manufacturers. There is often strong competition for market share, which tends to be fluid and subject to rapid change.”"

ON THE WIRES

  • Discover and PayPal Partner to Deliver New Digital Payment Experiences - "The agreement provides PayPal with access to Discover’s tokenization services, expanding PayPal’s reach at the point of sale, which will enable U.S. PayPal customers to pay with their Discover cards at all of the contactless-enabled merchants that accept Discover. As part of the agreement, Discover and PayPal plan to enable PayPal customers with eligible Discover cards to use their Cashback Bonus® to pay for purchases at the millions of online and mobile merchants that accept PayPal. After enablement, Discover cardmembers will be able to view and use their available Cashback Bonus while using PayPal to pay for all or part of a purchase."
  • Verifone and FIS to Enable Consumers to Pay with Loyalty Points at the Retail Point-of-Sale - "Verifone developed a new application called Verifone Points Redemption which connects to the FIS Premium Payback Network to provide a quick, secure, and easy way for third party loyalty programs to participate. Merchants will be able to download the free app to their device from the open, cloud-based Verifone Commerce Platform and eligible cardholders only need to swipe, dip or tap their card at a participating retailer, to pay for their purchases with points."
  • Squirrel Systems Completes U.S. EMV Certifications with Multiple Payment Gateway Providers - "Squirrel Systems, a leading technology provider to the hospitality industry, today announced that it has completed U.S. EMV certifications with solutions from multiple payment gateway providers, including Merchant Link, Elavon, Shift 4 Corporation, Vantiv, Datacap, and Cayan. These certifications provide Squirrel point of sale customers with the widest array of payment solutions to securely process EMV chip card payments via the gateway of their choice."
  • Vantiv Launches triPOS Cloud at National Retail Federation's Big Show January 15-17 - "Vantiv Integrated Payments, a Vantiv company (NYSE: VNTV), and a provider of payments technology and processing services for small and medium-sized businesses (SMBs), today launched triPOS Cloud, an extension of the triPOS product line. Now equipped for every use case, independent software vendors (ISVs) who create innovative point-of-sale solutions can integrate to Vantiv via the cloud or a native application."
  • FreedomPay Expands Secure Commerce Platform with Microsoft Dynamics 365 Integration - "FreedomPay today announced the integration of Microsoft Dynamics 365 with its PCI-validated commerce platform. The Dynamics 365 integration marks a significant milestone in a multi-year strategy to deploy an industry leading commerce platform that delivers world-class security, seamless connectivity to the point-of-sale and real-time data availability with the global scale and accessibility of the Azure cloud platform."

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 11, 2017

Headline News from PaymentsNews.com - January 11, 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

  • European Central Bank calls for Europe-wide P2P mobile payments by end of 2017 - NFC World - "The Eurosystem, made up of the ECB and the national central banks of states whose currency is the euro, “expects the launch of a standardised look-up service that allows (person-to-person) mobile payments using the mobile phone number of the payee as a proxy for the IBAN,” Yves Mersch, member of the executive board of the ECB, said during a keynote speech at the French Payments Committee conference."
  • Wall Street Clearinghouse to Adopt Bitcoin Technology - New York Times DealBook- "The company that serves as the back end for much Wall Street trading — the Depository Trust and Clearing Corporation, or D.T.C.C. — said on Monday that it would replace one of its central databases, used by the largest banks in the world, with new software inspired by Bitcoin. The organization, based in New York, plays a role in recording and reporting nearly every stock and bond trade in the United States, as well as most valuable derivatives trades."
  • Amazon to Launch Credit Card for Prime Members - Wall Street Journal - "The online retailer is introducing a new card for Prime customers offering 5% back on all Amazon.com purchases. The card, issued by J.P. Morgan Chase & Co. and branded with the Visa Inc. logo, doesn’t have an annual fee or foreign-transaction fees."
  • Many Brands Bought Into China's Mobile Payments Craze, But There Are Holdouts - AdvertisingAge - "Many major retailers and brands in China embraced mobile payments while Ikea held out. In December, signs went up at cash registers in a Shanghai Ikea to inform customers that they could now pay with Alipay and WeChat Pay, along with Apple Pay."
  • Payments paradise by the dashboard light: Visa, Honda test-drive in-car transactions - banking technology - "Here’s how the technology works, according to Honda: Drivers are notified that they can pay for fuel or parking when they are near a smart parking meter or fuel pump. Depending on the services, the purchase amount is displayed in the dashboard and drivers confirm payment with the touch of a button, paying via previously stored payment information. For parking, drivers can set the time they’ll need from the dashboard display; those consumers then can add time via their smartphones when away from their vehicles. Honda said it’s talking with “a number of other companies that will continue to help ease the various innovative payment processes of other car-based transactions.”"
  • Homeland Security Looks To Blockchain To Track People, Goods Across Borders - WSJ CIO Journal blog - "The Department of Homeland Security is testing blockchain technology to secure cameras and other devices at U.S. ports of entry, including borders and airports. The goal is to better detect and stop intruders who try to impede the devices or manipulate the data they collect."

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!

January 10, 2017

Headline News from PaymentsNews.com - January 10, 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

  • IBM Partners With Wall Street to Bring Blockchain to CDS Market - Bloomberg - "Depository Trust & Clearing Corp., the New York-based utility that settles and clears all stock and bond trades in the U.S., is seeking to reduce redundancies and cut costs in the system that manages $11.7 trillion in outstanding credit swaps, the company said in a statement Monday. International Business Machines Corp., as well as blockchain startups R3 and Axoni, will help DTCC create the single network of credit-swaps users."
  • 72% Of Businesses Say Buy Buttons Don’t Sell - Retail Touch Points - "Digital marketers are overwhelmingly rejecting the use of buy buttons on social media platforms, and for good reason: 72% of businesses say that they have seen no sales as a result of buy buttons in 2016, according to a report from Campaigner."
  • Biometric payments pilot to test palm vein replacement for cards - NFC World - "South Korea’s Financial Services Commission (FSC) is planning to launch a pilot in the first half of 2017 that will allow consumers to make payments at the point of sale using palm vein authentication technology, without the need of a physical payment card."
  • When India Killed the 1,000-Rupee Note, This Startup Got Busy - Bloomberg - "Fintech upstart Paytm is leveraging an anti-corruption campaign to establish itself as the nation's dominant digital payments player."
  • ECB consults on development of pan-EU settlement service for instant payments - Finextra - "The European Central Bank has launched a market consultation on the user requirement for the development of a settlement service for real-time instant payments in central bank money, billing 2017 as a "decisive year" for the success of innovative retail payments services in Europe. In a speech delivered at a conference hosted by the Banque de France, Yves Mersch, member of the Executive Board of the ECB, laid out a roadmap for a full-scale revolution in the delivery of new payments services to European consumers."

ON THE WIRES

  • PayPal Exceeds $7 Billion in Charitable Giving in 2016 as Mobile Giving Continues to Surge - "PayPal reported 11 percent growth in charitable giving in 2016, processing $7.3 billion in contributions over the year, including more than $971 million raised during the holiday season alone. Proving that spirits really were brighter this holiday, the company announced today that 8 million PayPal users in 181 countries contributed $971,213,604 to 282,053 charities, making 2016 the biggest year for end-of-year donations with PayPal ever."
  • Wix.com Integrates with Square to Make Shopping Easier for Businesses and their Customers - "Wix's Square integration improves payment processing and allows both online and in-person payments, via mobile device based POS. Any online Wix Store can become a physical store instantly via the Wix App, which automatically and fully syncs the point of sale (POS) with the Wix online catalog and inventory. Wix is aiming to expand the relationship across verticals, including Wix Bookings, over the coming months."

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 09, 2017

Headline News from PaymentsNews.com - January 9, 2017

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

Here's to the New Year! Everyone at Glenbrook wishes you success, fulfillment, and great health for 2017.

ON THE WEB

  • Wal-Mart Ends Threat to Ban Visa Credit Cards Across Canada - Bloomberg - "“We have come to an agreement with Wal-Mart through which Visa credit cards will be accepted at all Canadian Wal-Mart stores,” Carla Hindman, a Visa Canada spokeswoman, said in a statement. She declined to elaborate."
  • Honda unveils in-vehicle payment service for fuel and parking at CES 2017 - NFC World - "The auto manufacturer is showcasing the latest developments of its partnership with Visa that was first established in February 2016 to enable a variety of in-vehicle payment experiences through Visa Checkout. The demonstration on show at CES makes use of fuel pumps from Gilbarco Veeder-Root and smart parking meters from IPS Group."
  • Apple Pay users to get rewards at 300,000 self-serve machines - NFC World - "US consumers making purchases at 300,000 self-serve machines across the country will soon receive exclusive offers, promotions and discounts toward future purchases when using Apple Pay to complete a payment. The service is brought by cashless vending machine technology provider USA Technologies (USAT) through an integration of its More loyalty service in self-serve machines connected to its ePort Connect platform."
  • Holiday Sales Trends Heighten Brick-and-Mortar Woes - eMarketer - "Despite many headline numbers suggesting retailers have had better-than-expected holiday sales, a parade of brick-and-mortar retailers, including Macy's, have painted a sharply different picture in contrast and showed the gaping divide in performance between physical store and online sales."

ON THE WIRES

  • CardLinx Makes Card-Linking Software Publicly Available - "The CardLinx Association (“CardLinx”) today announced the availability of a new open source card-linking software suite developed by Microsoft, one of its founding members. Microsoft has made the codebase for its Earn card-linking platform free and publicly available under the MIT License so that other companies can build on the code and expand the availability of card-linking. The software demonstrates API access to the leading payment networks and is available for download today from the CardLinx website (www.cardlinx.org)."
  • Americans Spent $28 Billion on Gift Cards for Others, $11 Billion on Gift Cards For Themselves - "The winter holidays have passed, but America's retail sector has likely only begun to see the full influx of shoppers wielding gift cards given to them as Christmas presents or for some other special occasion during 2016 (or 2015, or 2014, or…). Fact is, gift cards have become not only an acceptable substitute for more traditional gift options, but are increasingly expected and eagerly used, especially among "older" Millennial adults, according to market research firm Packaged Facts in the report Prepaid and Gift Cards in the U.S., 5th Edition."
  • FICO Joins EU-U.S. Privacy Shield Program to Protect Clients' Data - "Silicon Valley analytics software firm FICO today announced that it has been accepted into the EU-U.S. Privacy Shield program, which requires FICO to agree to comply with EU data protection requirements when transferring personal data from the European Union to the United States. Effective December 7, 2016, this voluntary self-certification declares FICO's cooperation with the privacy program adopted jointly by the European Commission and the U.S. Department of Commerce."

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 05, 2017

Headline News from PaymentsNews.com - January 5, 2017

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

Here's to the New Year! Everyone at Glenbrook wishes you success, fulfillment, and great health for 2017.

ON THE WEB

  • As Credit Unions Adopt EMV, They Start To See Quick Gains in Fraud Reduction - Digital Transactions - "Credit unions are making fast progress in their rollout of EMV chip cards, according to an update from PSCU, a major payments processor for this segment of the financial-services industry. Some 85% of PSCU’s clients have introduced, or are introducing, EMV credit cards, while the corresponding number for EMV debit card issuance is 60%, the St. Petersburg, Fla.-based organization said Tuesday."
  • Carnival unveils NFC and BLE wearable for cruise ship passengers - NFC World - "Guests can make payments using the accompanying Medallion Pay service, to which guests can link “any number of credit cards, reward cards, gift cards and advanced payment services”."
  • ALEXA: AMAZON’S OPERATING SYSTEM - Stratechery - "Amazon seized the opportunity: first, Alexa was remarkably proficient from day one, particularly in terms of speed and accuracy (two factors that are far more important in encouraging regular use than the ability to answer trivia questions). Then, the company moved quickly to build out its ecosystem in two directions..."

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!

January 04, 2017

Headline News from PaymentsNews.com - January 4, 2017

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

Here's to the New Year! Everyone at Glenbrook wishes you success, fulfillment, and great health for 2017.

ON THE WEB

  • Episode 46 – 3D Secure, Visa, and Cardinal Commerce - Glenbrook’s Payments on Fire podcast - "Cardinal, now a new addition to Visa’s arsenal with its recent acquisition, has been working with the risk-based approach for quite awhile. Take a listen to Visa’s Mark Nelson and Mike Keresman and Tim Sherwin of Cardinal Commerce in this discussion about 3DS2, card network mandates, Cardinal’s acquisition by Visa, and when the market will see 3DS2 solutions."
  • Is India’s War on Cash Paying Off? - Wall Street Journal - "In an early sign that India’s crackdown on tax evaders is helping to swell coffers in New Delhi, the government this week lowered its borrowing plan by 4.2%."
  • Mastercard brings Masterpass platform to South Africa, partners with Vodacom - Mobile Commerce Daily - "Mastercard’s Masterpass payment platform has found another home, this time in the heart of South Africa thanks to a partnership with one of Africa’s mobile communications companies as the credit card provider attempts to gain ground on its competitors by going global."
  • CFPB Orders TransUnion and Equifax to Pay for Deceiving Consumers in Marketing Credit Scores - California Credit Law blog - "The CFPB said that from 2011 to March 2014, TransUnion and Equifax falsely represented that the credit scores they marketed and provided to consumers were the same scores lenders typically use to make credit decisions. In fact, the scores were not typically used by lenders."
  • Will Gift Cards Migrate To Mobile Wallets? - Retail Touch Points - "“We have seen incredible innovation in gift cards recently, with the proliferation of e-gifts, gift card integration into mobile wallets, the emergence of gift card exchanges, and exciting new options like hyper-local gifting,” said Timm Walsh, Board Chairman of the RGCA. “Shoppers appear to be embracing these new options, all the while maintaining a demand for traditional plastic gift cards — 76% plan to buy them this year.”"
  • Mobile payments outgrow smartphones - Live mint - "In India there are many barriers to adopting mobile banking apps, such as: low smartphone ownership, high data charges and patchy internet network availability. Even among those who own smartphones, many just don’t feel comfortable using these apps. USSD-based services let you do mobile banking without having to download any app on the phone, and these can be used equally well from smartphones as well as basic feature phones, which cannot access mobile data."
  • Synaptics' new biometric solution combines fingerprint authentication with facial recognition - Techspot - "Developed in collaboration with facial recognition specialist KeyLemon, backed by SentryPoint technology and fully integrated into Synaptics’ Natural ID fingerprint sensors, the fusion engine leverages both fingerprint and facial recognition as authentication methods for smartphones, tablets and notebooks."
  • Homeless people trial contactless payments jacket to receive donations - NFC World - "Homeless people in the Dutch cities of Amsterdam and Rotterdam have been testing a jacket equipped with a contactless terminal to enable passersby to tap their contactless cards and make a €1 (US$1.04) donation, which can then be redeemed through official homeless shelters."

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!