On the Web:
- Credit Card Issuers Defeat Claims They Conspired To Use Arbitration to Block Class Actions - Antitrust Today - "American Express, Chase, and Discover have prevailed in a bench trial of a class action charging that the nation’s largest credit card issuers illegally agreed to prevent cardholders from using class actions to sue them."
- Why Facebook is launching its money transfer service in Europe, not the US - PandoDaily - "Contrary to the idea that Europe is festooned with regulatory barriers to new ideas and entrants into markets, there’s good evidence that, at least in some sectors, those barriers are very much lower here than the are in the US."
- More online Americans say they’ve experienced a personal data breach - Pew Research Center - "When we look at how broad measures of concern among adults have changed over the past five years, we find that internet users have become more worried about the amount of personal information available about them online—50% reported this concern in January 2014, up from 33% in 2009."
- Everything is starting to fall into place for Bitcoin - Bitcoin Owl - "The consistent growth of Bitcoin adoption by those 6 billion who so far haven't been able to take part in the crypto monetary revolution will encourage Western governments, banks and corporations to take a lead in crypto currencies to maintain their power over the world economy."
- Amazon Enables Single Sign-On For Apps Running On Kindle Fire - TechCrunch - "Starting today, Amazon Appstore developers taking advantage of this option on apps designed for Kindle Fire will no longer need to ask their customers to sign into apps by entering in their Amazon account information..."
- Hardware Giant LaCie Acknowledges Year-Long Credit Card Breach - Krebs on Security - "Seagate spokesman Clive J. Over said the breach may have exposed credit card transactions and customer information for nearly a year beginning March 27, 2013."
- The Future of M-Commerce in Mexico - Ericsson Open Money Blog - "Creating a sustainable m-commerce ecosystem in Mexico means ensuring a degree of interoperability and standards between mobile and financial service schemas."
- The Economics of Payments VII - Federal Reserve Bank of Boston - Conference Papers
On the Wires:
- TSYS Releases White Paper on Mobile Wallet Solutions - "The paper highlights critical factors that will determine the mobile wallet’s future adoption in the U.S. and its acceptance among merchants. It also explores how a more robust wallet solution can solve consumers’ needs."
- CO-OP Financial Services Announces Agreement on Visa EMV Common Debit Solution - "This is a major advance in adoption of the EMV standard for debit card transactions in the United States, providing a clearer migration path to EMV for our debit issuers and ATM owners,” said Stan Hollen, President/CEO, CO-OP Financial Services.
Updates from Glenbrook:
- Glenbrook Payments Boot Camps: May 6-7 and Oct 7-8 in Palo Alto, CA.; Aug 5-6 in San Jose, CA.
- Glenbrook Payments Insights Workshops: Data in Payments, April 22 in Mountain View, CA; Innovation in Payments, May 8 in Palo Alto, CA; Bitcoin: Basics and Beyond, June 25 in New York City.
- The Kindle edition of our book "Payments Systems in the U.S. - Second Edition" - is now available in the Kindle Store as well as in an iBooks version for your iPad or Mac in the iBooks Store.
- Feedback: How are we doing for you? I'd love to hear from you - drop me a quick note: firstname.lastname@example.org or leave me a voicemail: +1.650.469.3421.
- Got news? Please forward press releases to: email@example.com.
- Need consulting help from Glenbrook for one of your payments projects? Let us know your needs here - and we'll get right back to you!
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