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Africa

Welcome to the News View for "Africa".

Here, on these archive pages, you'll find all of the articles on Payments News for Africa listed in date sequence beginning with the most recent article at the top of the page.

Click here for a complete listing of what's available in the Payments News Archive - organized by both posting date and subject category.

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April 08, 2015

Headline News from PaymentsNews.com - April 8, 2015

On the Web:

On the Wires:

  • Apple Pay Coming Soon to You: New Banks & Credit Unions Implement Mobile Payment Service for MasterCard Cardholders - “People are passionate about their devices and they’re ready for their connected devices to do more – including acting as a commerce device – as is evident by the positive reception and uptake of Apple Pay,” said Matt Barr, group head, U.S. Emerging Payments MasterCard. “Consumers want to be able to shop where they want, when they want and how they want – and they want to do so with the confidence that their money is safe and secure no matter how they choose to pay. Issuers are delivering on this by enabling their cards within emerging payment platforms like Apple Pay that deliver consumer choice.”
  • U.S. Bank Offers Prepaid Card Services for the American Red Cross - “Our prepaid card conversion to U.S. Bank will enable the American Red Cross to leverage technology in new ways,” said Steve Casey, corporate treasurer of the American Red Cross. “Most importantly, this new card technology will help the Red Cross deliver its mission more efficiently in communities across the country.”
  • Western Union Enables Skype Customers to Top up at Locations across the U.S. - Western Union’s Odilon Almeida, President, Americas and European Union, said, “The relationship is a logical one, as both Western Union and Skype have a mission to connect people when they are apart. “Western Union is optimizing its money transfer system to link cash and digital for money movement and payments across the globe. We are driving our innovation on the back of what our customers want. Skype is a classic example; where customers can enjoy full digital access with a walk-in payment option,” he said.

Glenbrook's 2015 Payments Education Update!

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!

March 30, 2015

Headline News from PaymentsNews.com - March 30, 2015

On the Web:

On the Wires:

  • Contactless Card Payments enabled on Vodafone Wallet with Visa and Carta Worldwide - "Vodafone customers will soon be able to add bank cards to their Vodafone Wallet and use smartphones to pay for goods and services at contactless terminals, it was announced today. Following new agreements with Visa and Carta Worldwide, bank card payments via Vodafone Wallet will be enabled in European markets from the second quarter of 2015 onwards."
  • MasterCard Expands San Carlos Center of Excellence - "MasterCard today announced the expansion of its San Carlos Center of Excellence and the relocation of senior vice president of Emerging Merchants, Les Matthews, and his team to the company’s West Coast office. MasterCard will also add global communications support in San Carlos with the relocation of vice president, Worldwide Communications, Brian Gendron. The moves enhance the company’s presence on the ground in Silicon Valley – an important market for continuing to deepen MasterCard’s footprint with the tech community."
  • GTCR Announces Sale of Fundtech to DH Corporation - Aaron Cohen, Managing Director at GTCR, added: “This transaction marks another successful example of GTCR’s Leaders Strategy™, as we worked in partnership with an exceptional management team to execute this complex transformational merger. We are pleased that those efforts have resulted in building a market-leader in transaction banking software.”
  • According to New Chase Slate Credit Survey, Checking Your Credit Score Correlates to Financial Aptitude – Yet Gaps in Consumers’ Credit Health Awareness Still Exist - "The survey reveals that Americans who have previously checked their credit score consider a “good” score to be 719 on average1. This is 51 points higher than what is considered to be good by those who have never checked their score (668). What Americans may not realize is that even a score of 719 might not give them access to credit at the best rates."
  • TimesofMoney Announces Launch of 'Movit' - Talking about Movit, Avijit Nanda, Chief Executive Officer, TimesofMoney, says, “TimesofMoney has several success stories to its credit. We have engaged with international clients for Movit and in fact are in the process of deploying it in Africa currently. Since Movit’s primary delivery channel is the mobile phone, it gives a huge thrust to the financial inclusion agenda of governments in emerging economies of India, Asia & Africa where there is an ever-increasing mobile penetration.”
  • Powa Technologies and Merchant e-Solutions Partner to Support POS Application Developers’ Go-To-Market Strategies - “PowaPOS has a unique position in the tablet-based payments market right now. Its fully integrated hardware and universal OS support makes it particularly attractive to POS software developers and to us,” said Tom Bell, CEO, Merchant e-Solutions. “By partnering together, we’ll be able to provide developers with the best payments processing and hardware solutions on the market today.”

Glenbrook's 2015 Payments Education Update!

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!

March 04, 2015

Headline News from PaymentsNews.com - March 4, 2015

On the Web:

  • Credit Card Breach at Mandarian Oriental - Krebs on Security - “We can confirm that Mandarin Oriental has been alerted to a potential credit card breach and is currently conducting a thorough investigation to identify and resolve the issue,” the company said in an emailed statement.

  • Bitcoin for the Unbanked - Foreign Affairs - "How about combining M-Pesa with a digital currency? It would offer all the advantages of M-Pesa, but would make the costs to users even cheaper for those who import money into that system from abroad, because those remittances from rel atives in London or New York would arrive via bitcoin rather than the traditional banking system. Call it BitPesa."

  • Change agent: PayNearMe partners with Grameen America to help lift women out of poverty - PandoDaily - "PayNearMe, the cash transaction network that allows US consumers to pay bills and make online purchases using cash at more than 10,000 participating retailers across the country, has done just that. The company has entered a nationwide partnership with Grameen America, the nonprofit microfinance organization providing loans, savings programs, financial education, and credit establishment to women who live in poverty."

  • Antonopoulos to Australian Senate: Bitcoin Regulated by Math - Inside Bitcoins - "Contrary to popular misconception, bitcoin is not unregulated. Rather, several aspects of the bitcoin network and financial system are regulated by mathematical algorithms. The algorithmic regulation in bitcoin offers predictable, objective, measurable outcomes. Algorithmic regulation provides certainty without nationalist or geopolitical influence."

On the Wires:

  • Cardtronics Launches ATMpass - Tom Pierce, chief marketing officer, Cardtronics, said: "Consumers are interested in using the most convenient ATMs - Cardtronics ATMs - but less so in paying a surcharge fee. With ATMpass, Cardtronics offers cardholders the convenience of national retailers plus the ability to avoid ATM surcharge fees. Having cash access at a surcharge-free ATM in a retail location that is part of their day-to-day life is important to many people. For consumers who feel limited by their current ATM options, or don't have any surcharge-free ATMs near their home, work or school, ATMpass gives them control over ATM surcharge fees and the freedom to choose convenience."

  • MasterCard: Happy Birthday Priceless Surprises! - "Priceless Surprises is among the highest social media engagement generating initiatives live today, beating U.S. Twitter benchmarks within financial services and Facebook benchmarks across consumer industries. When compared against other MasterCard programs, Priceless Surprises engagement rate is three times higher."

  • Global Payments’ Integrated Solutions Division, OpenEdge, Secures Partnership with New West Technologies for Integration to Microsoft Dynamics AX - OpenEdge President, Sid Singh, added, “We’re pleased that New West and our other partners are experiencing the benefits of integrations with EdgeShield, a pre-certified, EMV compliant solution combined with point-to-point encryption and tokenization security.”

  • Merchants’ Choice Payment Solutions Powers its All-New Foundry POS Solution with Powa Technologies - "MCPS’ Foundry POS is a powerful, cloud-based software application designed to meet the specific business needs of the retail and restaurant industries. Features include access to real time reports, including sales, inventory and employee management, as well as full integration with its Merchant Foundry CRM system."

  • ShopKeep Launches Serverless Sync - “With Serverless Sync, waiters and bartenders will no longer have to return to an individual register to update their checks or wait for a register to become available to input orders,” commented Jason Richelson, Founder and Chief Strategy Officer of ShopKeep. “Instead, open checks will be accessible from any register running on the same WiFi network, allowing staff members to spend more time providing the best possible service.”

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!

February 20, 2015

Headline News from PaymentsNews.com - February 20, 2015

Glenbrook Meetup in Chicago - Wednesday, Feb 25

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!

February 05, 2015

Headline News from PaymentsNews.com - February 5, 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!

January 05, 2015

Headline News from PaymentsNews.com - January 5, 2015

Dennis Moser - In Memoriam

  • Last week, on New Year's Day 2015, we lost our long-time friend and Glenbrook colleague Dennis Moser. Our tributes to Dennis are included here - if you knew and worked with Dennis, we'd welcome you adding your own memories of him.

On the Web:

  • Why New Credit Cards May Fall Short on Fraud Control - Wall St. Journal - "Big U.S. banks are steering clear of an advanced security measure used in credit cards around the world, opting for a system that is more convenient for shoppers but may leave them vulnerable to fraud."
  • Wire-Transfer Provider Xoom Hit by $31 Million International Fraud Scam - Digital Transactions - "Online wire-transfer provider Xoom Inc. reported Monday that it will take a $30.8 million one-time charge as a result of a scam in which the same amount of its cash was transferred abroad."
  • Tencent ushers China into the Internet banking era with the launch of WeBank - PandoDaily - "Tencent, maker of the hugely popular WeChat mobile chat application (as well as QQ instant messenger, Weibo microblogging platform, Dididache Taxi service, and PaiPai ecommerce platform) is the largest shareholder in the similarly named WeBank, with a 30 percent stake."
  • Making Change: Mobile Pay in Africa - Wall St. Journal - "Across Kenya, mobile money is breathing life into micro business. Companies whose business models are based on mobile payments have shown how targeting some of the world’s poorest customers can not only pay but also be a promising way to grow."
  • A Day with Apple Pay - New York Times - "Over all, though, my day of shopping showed that retailers and their cashiers have room for improvement when it comes to accepting and understanding mobile payments."
  • Intel unveils app that opens sites with user's face - USA Today - "Our goal is the elimination of passwords altogether," says Mark Hocking, a vice president with Intel Security.
  • No credit - Dr. Drang's Blog - "Tomorrow, I’ll start using my fifth credit card in the past 12 months. ... I’m not the only one who’s fed up with continually changing the credit card number on file with the companies I do business with."

On the Wires:

  • Progreso Financiero Soon to be Known as Oportun - "For over 8 years, our approach to lending has spearheaded the field of responsible, affordable and sustainable finance for the underserved. As we continue our mission, we want a name that builds on our customers’ perception of our company and what we do for them, and we wanted the name to be short and memorable. Oportun is based on the word Oportunidad, the Spanish word for Opportunity,” said Raul Vazquez, CEO of Progreso Financiero.

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!

December 09, 2014

Headline News from PaymentsNews.com - December 9, 2014

On the Web:

On the Wires:

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!

December 03, 2014

Headline News from PaymentsNews.com - December 3, 2014

Last Call:

  • The last Glenbrook Payments Boot Camp of 2014 is being held next week, December 9 and 10, in Palo Alto, California. Our Payments Boot Camp provides a comprehensive introduction to the payments systems in the U.S., an overview of global payments, and lots of insights into what's happening in emerging payments. Join Carol Coye Benson and me for this final session of the year! - register here!

On the Web:

  • Sweden’s Klarna to Invest $100 Million in U.S. Launch - Wall St. Journal - "Unlike other tech startups, which tend to prefer working out of Silicon Valley or New York, the Swedish company has decided to set up shop in Columbus, Ohio."
  • Mobile Wallets: A Smart Way to Pay? - Kiplinger - "Using your smartphone to store your credit card and bank information is convenient and secure, but don’t leave your wallet at home just yet."
  • Apple Pay from the Front Lines - GonzoBanker - "After using my iPhone for less than a month to make about a dozen payments, I’ve actually started to unintentionally reach for my phone instead of my wallet when it’s time to pay for something. Yikes."
  • With Fraud Afoot, Shield Your Wallet - New York Times - "That is why it’s a good idea to use a credit card when shopping online, or if you must use a debit card, use it in conjunction with something like PayPal..."
  • Preparing for Chip-and-PIN Cards in the United States - New York Times - "In total, roughly 70 percent of credit cards and 40 percent of debit cards are expected to use the technology by the end of next year, though the introduction of upgraded checkout systems will not be completed until the end of the decade."
  • Taking One Touch™ Mobile Payments International - Braintree Blog - "Today, in an effort to help people and businesses connect more seamlessly, reduce friction from buying on mobile and support innovation globally, we’re rolling out One Touch with PayPal in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, Sweden and the UK."
  • Seeing Explosive Mobile Growth as We Open Our New Office in San Francisco - Braintree Blog - "Our data confirms what we’ve known all along -- mobile is becoming the primary computing device and consumers are starting to expect a frictionless buying experience on mobile."
  • Why Apple Pay may be the gateway drug bitcoin needs - Gigaom - "Most consumers don’t understand the technology that is transferring the USD in their iPhone to the Walgreens, so if that was replaced with bitcoin’s blockchain technology, one may not notice."
  • This Investor Thinks Bitcoin Will Change EVERYTHING — Not Just Finance - Business Insider UK - "The Bitcoin block chain is different because everything underlying it is published, and there's no central controlling entity."
  • O’Reilly Media Unveils Blockchain Event, Announces Bitcoin Integration Nationwide - Coinbase Blog - "Taking place this winter in San Francisco, the one-day event will give attendees an opportunity to learn about Bitcoin’s significance and potential, and educate them on ways to leverage its tools, technologies and processes to expand and contribute to the ecosystem."

On the Wires:

  • New Innovation Lab in East Africa to Expand Digital Financial Services - "MasterCard Labs for Financial Inclusion launching in East Africa with funding from the Bill & Melinda Gates Foundation to develop financial services that help people build better futures..."
  • Amadeus and Worldpay partnership further simplifies travel payments - Celia Pereiro, Head of Travel Payments at Amadeus commented: “We are pleased to partner with one of Europe’s largest payment services providers. Worldpay will help us to fulfil our customers’ payment needs across the globe through a simple payment experience offered to their travellers."
  • MasterCard Takes Priceless Surprises To New Heights - “Today’s surprise is just one way we’re taking our Priceless Surprises platform to a whole new level by bringing in new partners and delivering surprises through new platforms to drive cardholder affinity,” said Raja Rajamannar, chief marketing officer, MasterCard.

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!

September 30, 2014

Out of Africa: Watching the Evolution of Mobile Money

PaymentsViews logo 140px Glenbrook's Bryan Derman is just back from a client engagement in Nairobi and shares his perspective on mobile money in Kenya.

While M-Pesa started and still embodies the phenomenon, other players have entered the market in Kenya, ranging from other wireless telcos to innovative banks, raw start-ups, and the Kenyan postal service (acting mainly as a distribution channel). In addition, the success of M-Pesa is driving investment in mobile money systems across Africa and in many developing economies around the world.
The full post is over on Payments Views.

September 02, 2014

Headline News from PaymentsNews.com - September 2, 2014

On the Web:

On the Wires:

  • EPIC and U.S. Bank Multi Service Aviation Network Announce Global Card Acceptance - “EPIC has tapped into the power of our well-established platform for processing card transactions,” said U.S. Bank Payment Sales and Client Relationship Executive Jeff Rankin. “Adding the EPIC Card as a payment option at all of our FBO-serviced locations makes both the EPIC Card and the U.S. Bank Multi Service Aviation Network even more convenient for customers.”
  • Monitise : Board and Executive Management Changes - "Mike Dreyer, former Global Head of Technology at Visa Inc., has been appointed President, Americas. Mike, who now oversees all sales activity and major accounts spanning the US, Canada and Latin America, reports to Monitise co-CEO Elizabeth Buse."
  • IDology and Jumio Partner to Enhance the Manual Document Review Process - “IDology and Jumio share the same goal – to make identity verification easy for businesses while simultaneously making that process seamless and without hassle for the customer,” said Daniel Mattes, Founder and CEO, Jumio.

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!

August 05, 2014

Headline News from PaymentsNews.com - August 5, 2014

On the Web:

On the Wires:

  • Newegg Adds Visa Checkout to Streamline the Shopping Experience - “Visa Checkout is a great service that helps our customers make their purchases on Newegg quickly and conveniently,” said Soren Mills, Chief Marketing Officer of Newegg North America. “It removes much of the tedium inherent to the online checkout process, especially for our customers who like to shop on mobile devices.”
  • Citi to Source $2.5 Billion to “Power Africa” - Jim Cowles, CEO of Citi for the Europe, the Middle East and Africa region, said, “We are proud to be a partner in this phenomenal project, an initiative to double the number of people who have access to electricity across Africa. Citi has a unique footprint in Africa and a commitment to enabling progress on the Continent through our technical expertise, financing and risk mitigation tools.”
  • Paychex Announces Payroll Card Solution for Small- and Medium-Sized Businesses - "NetSpend ... will serve as the exclusive program manager and processor for the Skylight PayOptions Program. BofI Federal Bank, Member FDIC, issues the Skylight ONE Prepaid MasterCard."

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!

July 24, 2014

Headline News from PaymentsNews.com - July 24, 2014

On the Web:

On the Wires:

  • LoopPay Secures Investment from Visa Inc. - “Visa continually evaluates and invests in new technologies that have the potential to transform mobile devices into secure payment vehicles,” said Jim McCarthy, senior vice president of innovation and strategic partnerships, Visa Inc. “LoopPay has developed compelling technology that has the potential to enable merchants to accept payments from mobile devices using their existing point-of-sale infrastructure.”
  • Citi® Commercial Cards Joins With Concur® to Offer a New, Enhanced Reporting Solution - We’re excited to partner with Concur, a recognized leader in the industry, to provide these reporting packages to our clients. These enhanced travel reports will not only provide efficiencies for our customers by automating current manual processes, but also enable clients to make key travel program decisions more quickly and with more confidence,” noted Manish Kohli, Citi’s Global Head of Commercial Cards.
  • Discover® Fuels Summer Fun with Cashback Bonus® at Gas Stations - “Discover cardmembers who are commuting or traveling can earn up to $75 Cashback Bonus for the many miles they drive during the summer months,” said Heather L. Roche, vice president of rewards at Discover.

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!

July 23, 2014

Headline News from PaymentsNews.com - July 23, 2014

On the Web:

On the Wires:

  • TSYS Reports Second Quarter 2014 Total Revenues Increased 30.4% - "We set another milestone this quarter with total revenues of over $600 million for the first time in TSYS’ history. It was an outstanding quarter with our consolidated adjusted operating margin improving 357 basis points over the first quarter to 24.94%," said Philip W. Tomlinson, chairman and chief executive officer of TSYS.
  • OT Expands Its M2M and IoT Offer to Application Enablement with Cumulocity - “Connected objects are expected to reach tens of billions by 2020. OT’s comprehensive, robust and flexible M2M offer is designed to help our customers tackle the challenges and seize the full benefits of upcoming Internet of Things growth while addressing the very important security aspects related to IoT. By joining forces with Cumulocity we are extending our offer beyond connectivity and security and moving up the M2M value chain” said Marek Juda, Managing Director of the Solutions Business Unit at OT.

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!

July 10, 2014

Headline News from PaymentsNews.com - July 10, 2014

On the Web:

  • Learnings from the Bitcoin Workshop - PaymentsViews.com (George Peabody) - "We are certainly intrigued by the capabilities of math-based currencies, but think it’s unrealistic to believe that they might quickly overtake incumbent payment systems that already work well for common use cases. We’re far more focused on identifying payments use cases that still exhibit significant points of friction that might be neatly lubricated by the application of MBC technology."
  • "State of Bitcoin Q2 2014 Report Reveals Expanding Bitcoin Economy - CoinDesk - "This State of Bitcoin Q2 report focuses on data and events in the second quarter of 2014 through to the present day."
  • U.S. Companies Step Up Business Conducted in Yuan - Wall St. Journal - "The yuan is making inroads with U.S. firms now because it is becoming more cost-efficient to pay in the currency. American importers can often negotiate better prices with Chinese suppliers if they agree to use yuan to make a purchase."
  • Safaricom opens M-Pesa to its rivals - Mobile World Live - "Other operators are being granted access for the first time to the all-powerful network of agents that underpin the dominance of mobile money service M-Pesa, according to Business Daily."
  • Button Wants To Bring Loyalty Rewards To The On-Demand Economy - TechCrunch - "With that funding, the team hopes to bring new cloud-based tools to mobile app makers that reward users for engaging in apps that they’re already using."
  • How Prepared is Restaurant Industry for end of Swipe & Sign? - Hospitality Technology - "EMV preparedness is on restaurants’ radar, with 70% of those surveyed agreeing that it is important to have a well-defined roadmap for EMV preparedness. When asked about their organization’s current approach to preparing, however, just 26% report having some form of road-map in place; likely due to the lack of a standard."
  • If you don’t have a bank account, how do you manage your money? - Boston Globe (Evan Horowitz) - "The most basic thing to keep in mind is that while these alternative financial services are regulated, they are not subject to the same regulations as banks are."
  • How ACH works: A developer perspective - Part 1 - Zenpayroll Engineering Blog - "I remember when we first started building ZenPayroll, we spent a many weeks struggling to understand how the ACH system works and learning how we can write software to tap into it."
  • How ACH works: A developer perspective - Part 2 - Zenpayroll Engineering Blog - "About 95% of the time, things go exactly as planned. This post will explain the other 5% cases (called ACH returns) and how they are handled."
  • How ACH works: A developer perspective - Part 3 - Zenpayroll Engineering Blog - "Parts 1, 2, and 3 of this series should give a pretty good overview of the ACH protocol at a high level, although for the sake of clarity, much has been simplified in these posts. There are tons more details and nuances that make ACH payments a very interesting problem."
  • Google Ventures launches $100 mln fund to invest in Europe - Reuters PE Hub - "We believe Europe’s startup scene has enormous potential. We’ve seen compelling new companies emerge from places like London, Paris, Berlin, the Nordic region and beyond—SoundCloud, Spotify, Supercell and many others."
  • IBM Wants to Invent the Chips of the Future, Not Make Them - New York Times Bits Blog (Steve Lohr) - "IBM’s research agenda is a recognition that the end of the silicon era of computing, using complementary metal-oxide semiconductor technology, or CMOS, is finally on the horizon."
  • Marc Andreesen and Jim Barksdale on How to Make Money - HBR Idealist - "The tech luminaries on bundling and unbundling in the digital age."

On the Wires:

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!

July 03, 2014

Headline News from PaymentsNews.com - July 3, 2014

On the Web:

  • Irish Central Banker Envisions Hybrid Bitcoin-Fiat Future - CoinDesk - "To begin his talks, Murphy invited gathered attendees to join him on a thought experiment that envisioned a world in which digital currencies are used for payments in “a substantial amount” of goods and services."
  • How Bitcoin can transform the developing world - Guardian (Jamie Bartlett) - "The end game for crypto-currencies like Bitcoin is a perfect, frictionless market: a peer-to-peer currency where I could transfer Bitcoin directly to wherever I want without having to go via any intermediary at all."
  • Apple invention changes iPhone user authentication settings based on location - Apple Insider - "For example, a user may only need a simple four-digit passcode to unlock a device while at home, but authentication via Apple's Touch ID when in public areas like a shopping mall."
  • M-PESA: The Best of Both Worlds - BBVA Research - "M-PESA, a mobile banking and payment system in Kenya, represents the gold standard for innovative financial services. It creates an environment where even the most poverty stricken resident of a remote African village can become “financially included”."
  • Here Are Four Threats the Internet Faces in the Next Decade - Wall St. Journal Digits - "What are the biggest threats to the Internet? To mark its 25th anniversary, Pew Research Center asked thousands of thinkers, businesspeople, analysts and other esteemed technology followers to consider what the Internet might look like in a decade..."
  • Network Effects: the Entrepreneur, the Investor, and the Poor in Bangladesh - GSMA Blog - "Today there is a small but thriving young crowd of new entrepreneurs, tech hubs, and startups that are just beginning to scratch the surface of solving some of Bangladesh’s biggest problems in health, transportation, education, and financial services."
  • In-room Wi-Fi could hit 4.6Gbps with new tri-band chips - ArsTechnica - "Qualcomm has purchased Wilocity, a startup making Wi-Fi chips that support multi-gigabit streaming by operating in the 60GHz band."

On the Wires:

  • eBay and Argos Move to Next Stage of Click & Collect Partnership - Tanya Lawler, UK Vice President, eBay, said: “Retail has changed and shoppers are in the driving seat like never before. They want to shop anytime, anywhere, on any device and British shoppers love to Click & Collect. It’s a service being rapidly adopted by larger retailers and this partnership with Argos now gives tens of thousands of sellers the chance to capitalise on Click & Collect, even if they have no high street presence of their own.”

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!

June 30, 2014

Headline News from PaymentsNews.com - June 30, 2014

On the Web:

On the Wires:

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!

June 11, 2014

Headline News from PaymentsNews.com - June 11, 2014

On the Web:

On the Wires:

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!

May 09, 2014

Headline News from PaymentsNews.com - May 9, 2014

On the Web:

On the Wires:

  • Coming Soon!

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!

April 28, 2014

Headline News from PaymentsNews.com - April 28, 2014

On the Web:

  • The Problem with Payments - Stratechery (Ben Thompson) - "This is why I, for the foreseeable future, expect to see little if any progress in the United States."
  • How bitcoin is moving money in Africa - USA Today - "The key characteristics of this digital cash also happen to make it a great fit for people who aren't so down with advanced digital technology: the 326 million Africans who lack access to basic banking services."
  • Walmart, ACH and the Elusive P2P Solution - PaymentsViews.com (Elizabeth McQuerry) - "The Walmart-2-Walmart service is a step forward but it’s not a perfect solution. Walmart certainly has plenty of stores in the U.S. but now it’s just another of the growing number of financial networks that is, effectively, just another island nation to itself."
  • Yelp Can Now Show if a Business Accepts Bitcoin - NewsBTC - "It’s unclear just when Yelp added this feature in, but they’ve certainly done so quietly."
  • VC Investment in European Fintech Hits Post-Dot-Com High - "Payment companies and big data companies have become a hot spot for venture capitalists, according to several investors."
  • Northwest’s cheap power drawing bitcoin miners - The Spokesman Review - “I am only personally aware of two bitcoin mining firms locating in Grant County,” Boss said. “But I’ve been told that at least five others are in the process of locating in the area.”

On the Wires:

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!

April 25, 2014

Headline News from PaymentsNews.com - April 25, 2014

On the Web:

On the Wires:

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!

April 23, 2014

Headline News from PaymentsNews.com - April 23, 2014

On the Web:

  • SATOSHI'S REVOLUTION: How The Creator Of Bitcoin May Have Stumbled Onto Something Much, Much Bigger - Business Insider - ""For the first time, two people can exchange a piece of digital property, without any prior relationship, and in a secure way, over the Internet," Jeff Garzik, one of Bitcoin's core developers..."
  • Africa’s Tech Edge - The Atlantic - "How the continent's many obstacles, from widespread poverty to failed states, allowed African entrepreneurs to beat the West at reinventing money for the mobile age..."
  • It's Time for the Industry to Embrace Phased-In, Same-Day ACH - American Banker BankThink (Pat Thelen) - "As an industry, we're at a crossroads on whether to evolve or be left behind. If we choose not to evolve, we risk becoming irrelevant."
  • Beyond their breach - BillGuard Blog - "At this point, we might as well walk around with our credit card numbers plastered on our foreheads."
  • The Mobile Security Journey at Wells Fargo - Bank Systems & Technology - "With mobile adoption growing so fast and providing a constant touchpoint with customers (Wells’ mobile customers log in an average of 13 times each day), embedding security, without hurting the customer experience, is a top priority for the bank, Ajami shares."

On the Wires:

  • IDC Financial Insights Unveils Results from 2014 Consumer Payments Survey - "After several years of growth, the market for 'alternative' payment methods is now entering a period where adoption gains may come more slowly and where simply providing an alternative isn't enough. Instead, providers need to offer products that add value beyond the payment," said James Wester, practice director for Worldwide Payment Strategies and the author of the report.
  • Domino's Pizza® Now Accepting Payment via Google Wallet - "Google Wallet is a great technology that allows customers even more flexibility and convenience when it comes to paying for their Domino's orders."
  • Digital River Extends Its SMB Payments Solution to U.K. Merchants - "The solution offers small and medium enterprises, commerce providers, systems integrators and developers turn-key access to credit card processing capabilities for Visa, MasterCard and Maestro cards in Euros and Pound Sterling."
  • 2Checkout Appoints Shawn Budde as CEO - "Mr. Budde has more than 25 years of experience in the finance industry including executive roles at Citibank and Capital One; data analytics experience at Sears Holdings; and as co-founder and President at ZestFinance, a VC-backed technology company."

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!

April 09, 2014

Headline News from PaymentsNews.com - April 9, 2014

On the Web:

On the Wires:

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!

April 02, 2014

Headline News from PaymentsNews.com - April 2, 2014

On the Web:

On the Wires:

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!

March 25, 2014

Headline News from PaymentsNews.com - March 25, 2014

On the Web:

On the Wires:

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!

March 13, 2014

A Look at the Evolution of Payments in Southern Africa

PaymentsViews logo 140pxIn a new post titled How to Get Along and Do Good on our PaymentsViews blog, Glenbrook's Elizabeth McQuerry writes about recent developments with payments in southern Africa led by the efforts of the Southern African Development Community (SADC).

Building on a new base of real time gross settlement (RTGS) systems in most countries (efforts supported by the World Bank), the central bank governors in the SADC countries agreed back in 2009 to deploy the additional infrastructures needed to easily exchange bank to bank payments among the SADC countries. These systems have become a regional inter-bank settlement system and a regional clearing capability for EFT credits and debits.
Be sure to read the rest of her post and comment here.

March 07, 2014

Headline News from PaymentsNews.com - March 7, 2014

On Twitter:

On the Web:

On the Wires:

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!

March 04, 2014

Headline News from PaymentsNews.com - March 4, 2014

On the Web:

On the Wires:

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!

February 11, 2014

Headline News from PaymentsNews.com - February 11, 2014

The second edition of our book "Payments Systems in the U.S." has just been published. It's available in print from Amazon.com and in an ebook version for your iPad.

On the Web:

On the Wires:

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!

February 03, 2014

Headline News from PaymentsNews.com - February 3, 2014

The second edition of our book "Payments Systems in the U.S." has just been published. It's available in print from Amazon.com and in an ebook version for your iPad.

On the Web:

On the Wires:

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 30, 2014

Headline News from PaymentsNews.com - January 30, 2014

The second edition of our book "Payments Systems in the U.S." has just been published. It's available in print from Amazon.com and in an ebook version for your iPad.

On the Web:

  • Amazon’s Ambition in Physical Retail May Go Way Beyond Payments - Re/code.net - "The goal is to make this new collection of tools and services as critical to brick-and-mortar shops as its Amazon Web Services offering has become to online businesses."
  • Apple introduces us to a Major Financial System Beyond iWallet - Patently Apple - "On January 30, 2014, the US Patent & Trademark Office published a major patent application from Apple that reveals a new financial Systems Integration System." Meeting the Needs of Non-Traditional Consumers and Achieving Scale with Mobile Contactless Payments in the U.S. - Federal Reserve Bank of Boston - Mobile Payments Industry Workgroup - "In November 2013, the Mobile Payments Industry Workgroup (MPIW) met with academia, government, non-profits, card networks, mobile wallet providers, transit authorities, issuing banks, and retailers to gain a better understanding of fundamental consumer mobile payment adoption issues by exploring how mobile financial services and payments can meet the needs of non-traditional consumers and what is needed to achieve scale in the U.S. mobile payments market. The findings in this paper are based on the discussions at this meeting and include panelists' views on mobile technology and financial access considerations for the underserved consumer, broader consumer market adoption for mobile retail payments, and the transformational role of mobile technology for financial services."
  • Visa CEO Doesn’t See Bitcoin As Business Threat - CoinDesk - "Visa CEO Charlie Scharf offered his opinion of bitcoin and other emerging virtual currencies on 30th January in a conference call discussing Visa’s first-quarter fiscal earnings."
  • Fred Wilson's 5 Predictions for the Future of Your Money - Inc. - "If you like the way Wilson makes bets with his venture-capital fund, Union Square Ventures, which has invested in Etsy, Tumblr, and Twitter, you might just like the way he thinks about the future of currencies."
  • Why Bitcoin is here to stay - ZDNet - "...the drivers are simply too powerful - crypto-currency is around to stay and the changes to our global economy because of it will be staggering. So take a reality pill and strap in."
  • Coinbase and Mint Announce First Bitcoin Personal Finance Integration - "This partnership marks a milestone in the ongoing evolution of bitcoin as Mint becomes the first personal finance and money management tool enabling users to view their bitcoin transactions."
  • PayPal Wants Role In Apple’s Mobile Payments Dreams - Re/code.net - "Three payments industry executives tell Re/code that eBay-owned PayPal has been pitching Apple on helping the consumer electronics maker bring its long-rumored payments initiative to fruition."
  • Ribbon Takes On Square Cash, PayPal & Others With A Peer-To-Peer Payments Service That Lets You Send Money For Free - TechCrunch - "The difference here, besides not yet being available in a native app format, is that Ribbon works with both debit and credit card users, and will allow you to send payments to others without first having a Ribbon account."
  • Mobile Payments, Electric Cars and the Keys to Driving Change - Re/code.net - "The shared issues between e-cars and smartphone payments boil down to cost of hardware (the phone, the car), infrastructure (networks and merchant acceptance, filling stations), but perhaps most importantly, the catalyst for changing human behavior."
  • GhIPSS Urges Banks to Issue Local Cards - Payments Afrika - "Ghana Interbank Payment and Settlement Systems (GhIPSS) has urged banks to issue more proprietary ‘local’ ATM cards to their customers. Historically most banks in Ghana would issue international cards..."

On the Wires:

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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