On the Web
- Will NACHA's Same-Day ACH Rules Change Be an Exception-Only Service, At Least in the Short Term? - Take on Payments Blog - "Given these compromises, what do you think financial institutions can do to accelerate broader adoption of same-day?"
- The great chain of being sure about things - Economist - "The advent of distributed ledgers opens up an “entirely new quadrant of possibilities”, in the words of Albert Wenger of USV, a New York venture firm that has invested in startups such as OpenBazaar, a middleman-free peer-to-peer marketplace. But for all that the blockchain is open and exciting, sceptics argue that its security may yet be fallible and its procedures may not scale. What works for bitcoin and a few niche applications may be unable to support thousands of different services with millions of users."
- Are Bitcoin and the Blockchain Joined At The Hip? - AVC.com (Fred Wilson) - "Obviously Bitcoin could become “nothing more than a curiosity” if all the action moves to other blockchains. But right now the Bitcoin blockchain has an order of magnitude more hashing power and market cap, so we are certainly not seeing any other blockchains developing the kind of network effects that Bitcoin has."
- Things I Think I Know About Blockchains, Public and Private - Medium (Ryan Shea) - "The Bitcoin blockchain is currently the strongest and most secure blockchain by far, so it just makes sense to build on top of it. This may change over time, but for now the Bitcoin blockchain reigns supreme."
- Amazon Shutting Down Its ‘Register’ Credit Card Processor - New York Times - "Much like competing products from Square and PayPal, the idea was to bring payments processing to businesses that did not previously offer it. That plan did not work out. Amazon stopped offering the device to new merchants as of Friday evening, and it will stop supporting Amazon Register by February."
On the Wires
- Visa Inc. Reports Strong Fiscal Fourth Quarter Adjusted Earnings Per Share Growth of 14% - "Visa’s fiscal fourth quarter was a strong finish to an equally strong fiscal full-year 2015 in terms of revenue and earnings per share growth in the face of a continued challenging global economic environment. The underlying growth of our franchise continued as evidenced by our strong payments volumes as well as new and renewed partnerships during the year. Most importantly, we continued to build our capabilities at the physical point-of-sale as well as in the digital space,” said Charlie Scharf, Chief Executive Officer of Visa Inc. “Although fiscal 2016 reported growth rates will be negatively impacted by a strong US dollar and an uneven global economy, we are well positioned for strong success in 2017 and well beyond.”
Glenbrook's 2015 Payments Education
- Our next Payments Boot Camp session is scheduled for Palo Alto, California on December 1-2 followed by a one-day Insight Workshop on December 3 on the topic of Digita Payments. Registration for both sessions is open and available now.
- If you have questions about our payments education program, please contact Russ Jones for more information.
Updates from Glenbrook:
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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: email@example.com!