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Apple

Welcome to the News View for "Apple".

Here, on these archive pages, you'll find all of the articles on Payments News for Apple 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 28, 2016

Headline News from PaymentsNews.com - April 28, 2016

ON THE WEB

ON THE WIRES

  • MasterCard Incorporated Reports First-Quarter 2016 Financial Results - “The year is off to a good start with solid growth in revenue due to strong volume and transaction levels this quarter,” said Ajay Banga, president and CEO, MasterCard. “We continue to deliver against our strategy, looking to our investments and acquisitions to create a better cardholder experience, supported by a relentless commitment to security."
  • M/Chip Fast from MasterCard Speeds EMV Transactions and Shoppers Through Checkout - "As with standard EMV, M/Chip Fast provides counterfeit fraud protection by creating a unique code for each transaction. Once the code is generated, the card can be removed from the reader with the goal of both decreasing the processing time of the transaction and reducing the cardholder perception of a longer wait at checkout."
  • Start-ups Invited to Dive Into the Visa Developer Sandbox as Part of Second Annual Everywhere Initiative - “With payment and marketing innovation happening at break-neck speed, Visa is once again asking the start-up community for their best ideas to help move the industry forward,” said Shiv Singh, senior vice president, digital and marketing transformation at Visa. “With Visa’s rich set of APIs and SDKs, we are especially excited to see how our open platform can help fuel additional payment innovation with this year’s challenges.”
  • Visa Opens its First Innovation Center in Asia - “The pace of technological innovation across Asia Pacific is unprecedented and creating enormous opportunity for any company that touches the growing payment ecosystem,” said Chris Clark, group executive, Asia Pacific, Visa Inc. “With the doors of Visa’s Singapore innovation center now officially open, we look forward to working alongside clients and partners to imagine and build the creative and leading-edge mobile and digital experiences Asia Pacific is known to deliver to the rest of the world.”
  • Perk.com Inc. Adds Perk Points as Payment Method on the SuperRewards Platform - Ted Hastings, Chief Executive Officer of Perk.com, says, “In the payments industry, one of the most important developments of the 21st century is that people are able to make purchases with their time and attention rather than with physical money."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming up in May - both in Palo Alto, CA - 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

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 07, 2016

Headline News from PaymentsNews.com - April 7, 2016

ON THE WEB

ON THE WIRES

  • Nation’s Financial Institutions On Target To Offer Same Day ACH Payments In 2016 - “Financial institutions see the value in providing new, faster payment options to their customers with certainty and surety, and Same Day ACH allows them to do that in 2016,” said Janet O. Estep, president and CEO of NACHA. “These findings support our earlier research that Same Day ACH volume will come from use cases like payroll and B2B payments.”
  • With PayNearMe and OfficialPayments.com, Federal Tax Payments Are Now Payable Using Cash at 7,000 7-Eleven Stores - "Government agencies and payment processors use PayNearMe to collect cash payments for everything from utilities to bike share membership," said Danny Shader, founder and CEO of PayNearMe. "Customers appreciate when the organizations care enough to offer them payment options at convenient locations and the organizations are happy to automate traditionally time-consuming payment processes to enable payments 24 hours a day."
  • Adyen launches RevenueAccelerate - Pieter van der Does, CEO & Founder of Adyen, explained, “Ecommerce businesses need to challenge their payments provider to not only process payments but actually drive growth. We are able to offer RevenueAccelerate because we have something that no other payments solution has – a completely new infrastructure that utilizes all the rich data needed to optimize payments success.”

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming up in early April - both in New York City - 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

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 31, 2016

Headline News from PaymentsNews.com - March 31, 2016

ON THE WEB

  • Inside the $5 Billion Company That Will Launch Your Business - Inc. (Maria Aspan) - "Since 2010, Collison and his older brother, Stripe co-founder and CEO Patrick Collison, have spent almost every waking moment making it as fast and easy as possible to handle other people's money online."
  • What Starbucks Can Teach Apple and Facebook - Bloomberg Gadfly - "Getting one out of every five orders through its smartphone app is an impressive feat for Starbucks, considering mobile payments accounted for just 2.1 percent of U.S. retail sales last year..."
  • Introducing Braintree Auth - Braintree Blog - "Braintree Auth enables Braintree merchants to more easily integrate with Braintree partners by authorizing them to perform services on their behalf such as -- allowing for actions such as enabling payments on an e-commerce store or accessing transaction data for an analytics or accounting service."
  • Google Wallet is shutting down its debit card - Quartz (Ian Kar) - "Amid a companywide effort to cull money-losing operations, Google is shutting down its Google Wallet debit card, the company confirmed in a blog post today."
  • Immediate Funds Availability Resonates With Many Small Businesses - "Financial institutions that provide immediate funds availability stand to benefit in several key ways, including improved share of wallet and differentiation for small business customers."
  • Marijuana Companies Stuck Doing Business the Old-Fashioned Way, in Cash - Wall St. Journal - "Two years after Colorado fully legalized the sale of marijuana, most banks here still don’t offer services to the businesses involved."

ON THE WIRES

  • Walmart’s Family of Cards Makes it as Easy as 3-2-1 to Manage Finances for Less - “The Walmart MoneyCard and Walmart Credit Card have proven to be valuable tools in our customers’ wallets, helping them manage their money for less. The new 3-2-1 Save program simplifies and strengthens the card proposition for more than 10 million cardholders and helps add even more value to their Walmart purchases no matter how they choose to shop with us.”
  • More Than 100 Amazon Dash Buttons Now Available, Giving Prime Members the Easiest Way to Order Thousands of Products - "Members can now choose from over 100 Dash Buttons representing top-name brands across dozens of retail categories and thousands of products. With Dash Buttons, Prime members never have to worry about running out of everyday household essentials from coffee to condoms, and snacks to soda. When a customer sees supplies running low, they simply press a Dash Button to order."
  • American Express Launches Two New Co-Branded Cards with Charles Schwab - "Designed to meet the different needs of a diverse customer base, the cards include a credit card and a premium charge card, both with exceptional rewards, benefits and services, including unlimited cash-back features."
  • Bank of America Makes Online Payments Seamless With Visa Checkout - "Bank of America announced today that it will pre-select customers’ eligible Visa cards for enrollment in Visa Checkout directly from Online Banking. Bank of America is one of the first banks to integrate its cards into Visa Checkout and provide seamless enrollment directly from its site, eliminating added steps and making it easier than ever for customers to shop online, on any device."
  • CARE Makes Donating More Convenient with Popmoney - "Accepting donations via Popmoney will allow us to connect with more potential donors through the giving channels they prefer," said Tolli Love, vice president of fundraising and marketing, CARE USA. "We will also be able to reduce the costs associated with processing donations, which means more money will go to fight the impact of poverty around the world."
  • U.S. Bank Offers Customers Touch ID for More Convenient Mobile Banking - “We have been looking at ways to use biometrics such as voice and fingerprint to authenticate identification for several years,” said Gareth Gaston, executive vice president and head of omnichannel banking at U.S. Bank.
  • Microsoft outlines intelligence vision and announces new innovations for Windows 10 - "Wednesday, Microsoft announced new additions to the Cortana Intelligence Suite, both in preview. The first, Microsoft Cognitive Services, is a collection of intelligence APIs that allows systems to see, hear, speak, understand and interpret our needs using natural methods of communication. The second, the Microsoft Bot Framework, can be used by developers — programming in any language — to build intelligent bots that enable customers to chat using natural language..."
  • GE Capital Files Request for Rescission of Status as a Systemically Important Financial Institution - "The filing demonstrates that GE Capital has substantially reduced its risk profile and is significantly less interconnected to the financial system, and therefore does not pose any conceivable threat to U.S. financial stability."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming up in early April - both in New York City - 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

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 24, 2016

Headline News from PaymentsNews.com - March 24, 2016

ON THE WEB

ON THE WIRES

  • First Data and First Tennessee Bank Form Strategic Relationship to Support Small Businesses - "Under the new enterprise agreement, First Tennessee will provide its small business clients with First Data’s innovative products, including the Clover® family of business management solutions. First Tennessee will also join First Data’s STAR® Network and have access to an array of cutting-edge fraud protection tools."
  • Federal Reserve Board begins 2016 Survey of Consumer Finances - "This survey is one of the nation's primary sources of information on the financial condition of different types of households," Federal Reserve Board Chair Janet Yellen said in a letter to prospective survey participants. "Our previous surveys…have helped the Federal Reserve and other parts of the government make policy decisions and have also supported a wide variety of basic research, public discussion, and education."
  • U.S. Bank Introduces Mobile Check Deposit App for Small Businesses - “Using Deposit Express, customers can streamline their check deposit process, eliminating delays associated with trips to the branch or their office,” said Sam Robb, head of receivables solutions for treasury management at U.S. Bank. “Deposit Express is specifically tailored to meet the needs of small businesses. It offers robust reporting and research capabilities, as well as integration of mobile and web deposit channels.”
  • MBNA Gets Ready For Android Pay - "UK contactless spend increased steeply in 2015, more than trebling to reach £7.75 billion. With nearly one in eight card transactions now using contactless technology*, Android Pay will be the latest option for tech-savvy consumers who are forgoing not only cash but cards in favour of mobile wallet payment methods."
  • National Gift Card Draws on Tech Advances to Offer Rewards in Real Time - "With 9 out of 10 U.S. adults owning a cell phone and global cell phone use projected to top 5 billion by 2019, National Gift Card Corp. is leveraging this trend with its smart mobile gift card solution that works for virtually any small or large businesses through its proprietary Application Programming Interface (API)."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming up in early April - both in New York City - 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

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 16, 2016

Headline News from PaymentsNews.com - March 16, 2016

ON THE WEB

ON THE WIRES

  • Virtual Reality and Payment Wearables Tee Off at the Arnold Palmer Invitational Presented by MasterCard - “Giving consumers the opportunity to immerse themselves virtually into experiences you can only get with MasterCard is a great way to showcase the exclusive offerings and access we’re delivering through our Priceless platforms,” said Raja Rajamannar, chief marketing officer, MasterCard. “What better place to highlight these new technologies than one of the preeminent PGA TOUR events, the Arnold Palmer Invitational presented by MasterCard.”
  • TCS Launches Peer-to-Peer Mobile Payment Solution With DNB, a Leading Bank in Norway - "With 25% of Norway's population using 'Vipps' within six months of its launch, the P2P payment solution has helped DNB become a significant player in the highly competitive mobile payments space in a short span of time. Moreover, 85% of Norwegians know about the P2P payments platform and it is the #1 downloaded app in Norway."
  • Mozido and Saavn Partner to Bring Mobile Payments to India’s Largest Music Streaming Audience - "Under the agreement, Mozido will integrate its mobile wallet payment platform as the preferred payment option for the Saavn Pro premium offering. The partnership enables Saavn to offer its Indian listeners access to a convenient payment option, while giving Mozido an opportunity to provide a broader array of financial and engagement services to Saavn’s young, tech-savvy and growing consumer base."
  • Hitachi to Establish FinTech Research Organization in North America - "Hitachi today announced that it has decided to establish Financial Innovation Laboratory, a FinTech research organization in the Silicon Valley office of Hitachi’s Global Center for Social Innovation - North America (CSI-NA) in Santa Clara, California. The new organization will work together with CSI-NA in areas such as research & development of blockchain technology, a core technology of FinTech, and on collaborative creation with financial institutions."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming up in early April - both in New York City - 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

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 15, 2016

Headline News from PaymentsNews.com - March 15, 2016

ON THE WEB

ON THE WIRES

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming up in early April - both in New York City - 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

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 14, 2016

Headline News from PaymentsNews.com - March 14, 2016

ON THE WEB

  • The Death of Bank Products has been greatly under-exaggerated - Brett King - "When it comes to customer behavior, however, the greatest challenges for banking are yet to come and they aren’t channel-based, they’re product-based."
  • In the Apple Case, a Debate Over Data Hits Home - New York Times - "In surveys, Americans are deeply divided about the legal struggle between the government and one of the nation’s most iconic companies. The polls show that Americans remain anxious about both the threat of terrorist attacks and the possible theft of personal digital information."
  • For Millennials, Cash Is Still King - eMarketer - "Even with digital peer-to-peer (P2P) methods like PayPal and Venmo available, millennials prefer getting paid back in cash..."

ON THE WIRES

  • Prosper Marketplace and HomeAdvisor Partner to Bring Home Improvement Financing to Millions - “Prosper offers people the opportunity to borrow money at rates that are typically lower than credit cards – it’s a smart financing option that can help homeowners improve their property while staying in financial control.”
  • Blackhawk Network Appoints Anil D. Aggarwal to Board of Directors - "Anil is an early pioneer in financial technology and payments innovation," said Talbott Roche, Blackhawk Network president and chief executive officer. "His proven experience as a startup tech entrepreneur, venture capital investor, executive at Google and as an industry-builder with Money20/20 and Shoptalk enable him to bring valuable industry and business insights to Blackhawk's board of directors."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming up in early April - both in New York City - 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

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 02, 2016

Headline News from PaymentsNews.com - March 2, 2016

ON THE WEB

ON THE WIRES

  • Sallie Krawcheck Joins Digital Asset Board of Directors - “We are honored to have Sallie join our Board,” said Blythe Masters, CEO of Digital Asset. “She has achieved extraordinary success in her career as both an industry executive and entrepreneur, and her unique mix of experience will be a tremendous asset as we build and expand our business.”
  • Samsung Pay Now Available for Wells Fargo Customers - “We are thrilled today to participate in Samsung Pay, and to continue to provide Wells Fargo customers with convenient mobile payment options,” said Jim Smith, head of Virtual Channels for Wells Fargo. “We want to satisfy our customers’ financial needs when, where and how they want, and allowing them to pay from a mobile wallet with features like Samsung Pay helps us fulfill that promise.”
  • Global Payments and Realex Payments to Host a FinAppsParty Simultaneously in Atlanta and London - "As part of our ongoing commitment to support the innovators in the fintech community, Global Payments and Realex Payments are thrilled to host the FinAppsParty in Atlanta and London,” said Frank T. Young, SVP, Global Product and Innovation. “We look forwarding to seeing the creative ideas that stem from the energy of this exciting event.”
  • Wirecard Launches New Prepaid Visa Card mycard2go - "it is the first Visa Simply One combined card, bringing together the functionality of a traditional credit card with that of a V PAY debit card. The solution combines high-level security in the form of PIN entry with global acceptance. In this way, users of the mycard2go prepaid card can make cashless payments at over 24 million Visa acceptance points."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming up in early April - both in New York City - 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

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 26, 2016

Headline News from PaymentsNews.com - February 26, 2016

ON THE WEB

  • Venmo Kills Off Developer API With Zero Warning - TechCrunch - "After six years of providing an API for developers to build experiences atop its money transfer system, this month Venmo suddenly shut down the API. "
  • Travel in London for Free With Apple Pay - PC Magazine - "As part of a promotion from MasterCard and Apple, each Monday beginning on Feb. 29, from 4:30 a.m. until 1 a.m. the next morning, MasterCard-linked Apple Pay users will have their purchases on buses, trams, the Underground, and most other rail services refunded up to 28.10 pounds ($39)."
  • How Mobile Payments Reshape Lifestyles - Wall St. Journal - "Piao Jianfeng says he seldom carries his wallet and hasn’t used an ATM to withdraw cash for two years. Instead, his phone is his wallet, and he uses it to pay for almost all of his everyday needs in Beijing, from taxis to utilities and grocery bills."
  • Intel is Testing a Blockchain it Built With a Fantasy Sports Game - CoinDesk - "The proof of concept works by enabling the exchange of digitized assets that represent shares of different sports teams."

ON THE WIRES

  • UK Payment Systems Regulator: "Banks should sell their stake in UK payments infrastructure to help increase innovation and competition - "The evidence published today indicates that the common ownership of this infrastructure provider by this small number of banks is having a negative impact on innovation and competition in the industry. As a result, the PSR is proposing that these banks sell part of their stakes in VocaLink in order to open the market and allow for more effective competition and innovation."
  • Wirex: A Hybrid Financial Platform That Uses Blockchain Technology - "Wirex is the first service of its kind to provide bankless financial services, and it is designed to close the gap between digital and traditional currencies for everyday financial transactions. Evolving to fill the needs of the global citizen, Wirex will offer 3 main services: convenient mobile banking via the Wirex app, instant remittance services, and upgraded 2-way debit cards that allow on-demand conversion between bitcoin and traditional currencies."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming up in early April - both in New York City - 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

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 24, 2016

Headline News from PaymentsNews.com - February 24, 2016

ON THE WEB

ON THE WIRES

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming up in early April - both in New York City - 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.

EVENTS

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 19, 2016

Headline News from PaymentsNews.com - February 19, 2016

ON THE WEB

ON THE WIRES

GLENBROOK PAYMENTS EDUCATION EVENTS

Here's a quick reminder that we have two of our Glenbrook payments education events coming up later this month - both in Palo Alto, California - 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.

EVENTS

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 18, 2016

Headline News from PaymentsNews.com - February 18, 2016

ON THE WEB

ON THE WIRES

  • U.S. Bank Upgrades Commercial Payment Solutions - “Together, Commercial Payments Manager and Access Online support the market’s widest range of commercial card and virtual payment choices,” said U.S. Bank Corporate Payments Systems President Jeff Jones. “By offering two complementary systems, U.S. Bank has made it easier for customers of every size and sophistication to access all the options they need to support and grow their organizations.”
  • MasterCard Expands Cardholder Controls and Peace of Mind - "For 50 years, we’ve developed new technologies that balance the need for increased security with the desire for greater convenience in payments. As these benefits become everyday features, consumers will receive even more protection and value from the MasterCard in their wallet– physical or digital.”
  • Vantiv Integrated Payments Announces Security Pays 2.0 to Drive Stronger Security Adoption - "This initiative promotes education and awareness, driving the adoption of security products to add layers of protection to the payments process, such as end-to-end encryption, tokenization and EMV."
  • Lavu Collaborates with PayPal to Offer EMV Payment Processing to Restaurants, Food Trucks and Bars - "PayPal will now be available to Lavu’s extensive portfolio of restaurants, bars and food trucks that generate billions of dollars in transactions annually. Additionally, Lavu can offer restaurant and bar owners EMV payment processing that is integrated with a clear and transparent pricing structure within its POS software, with no hidden fees."
  • Five Things to Look for in Cross-Border Payments in 2016 and Beyond - "As the payment landscape continues to shift − driven by an increasingly global economy, the adoption of more digital-only channels, and increased concerns over security and transparency − Mike Massaro, CEO of Flywire (formerly Peer Transfer) weighed in on the future for global payments."
  • Bell ID to Support Android Pay - "Bell ID, the mobile payments specialist recently acquired by Rambus Cryptography Research, today announces it will support international issuing banks, payment schemes and processors to integrate with Android Pay. Bell ID customers can utilize its Token Service Provider (TSP) software to enable and secure near field communication (NFC) payments functionality on Android phones."
  • 25 Million Credit Cardholders Haven't Changed Favorite Card in 10+ Years - "The truth is that loyalty doesn't pay when it comes to credit cards," Schulz said. "It is especially true with rewards because the quickest way to rack up rewards is to sign up for a new card with a big signup bonus..."

GLENBROOK PAYMENTS EDUCATION EVENTS

Here's a quick reminder that we have two of our Glenbrook payments education events coming up later this month - both in Palo Alto, California - 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.

EVENTS

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 17, 2016

Headline News from PaymentsNews.com - February 17, 2016

ON THE WEB

  • The Plot to Kill the $100 Bill - Wall St. Journal - "The paper argues that eliminating high value currencies—such as the 1,000 Swiss franc ($1,013) note, the €500 note and the $100 bill—would reduce corruption and make life harder for tax evaders, terrorists, drug dealers, financial criminals and human traffickers."
  • A Message to Our Customers - Apple CEO Tim Cook - "But now the U.S. government has asked us for something we simply do not have, and something we consider too dangerous to create. They have asked us to build a backdoor to the iPhone."
  • As Marijuana Sales Grow, Start-Ups Step In for Wary Banks - New York Times - "The State of Colorado legalized marijuana for recreational use in 2014, joining several other states where the drug has been decriminalized in some form, but Visa and MasterCard will not process transactions for pot dispensaries and most banks will not open accounts for the businesses..."
  • Bye, bye, banker: New Monopoly game goes cashless with electronic payments - "Hasbro showed off a new version that eliminates both the game's signature paper money and the banker position."

ON THE WIRES

GLENBROOK PAYMENTS EDUCATION EVENTS

Here's a quick reminder that we have two of our Glenbrook payments education events coming up later this month - both in Palo Alto, California - 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.

EVENTS

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 29, 2016

Headline News from PaymentsNews.com - January 29, 2016

ON THE WEB

  • PwC and Blockstream Announce Strategic Partnership - "For our clients, understanding new world applications of Bitcoin and blockchain technology, adapting it for myriad uses, and using it optimally are critical to improving financial security, efficiency and compliance," said Haskell S. Garfinkel, Partner, FinTech Co-Leader, PwC. "PwC is teaming with Blockstream to offer our joint knowledge and capabilities to clients – giving them one place to go, maximizing expertise, talent, and assets from both organizations."
  • Payment Processor to Stop Working With Daily Fantasy Sports Clients - New York Times - "Vantiv Entertainment Solutions, the processing company, told its daily fantasy clients, which include FanDuel and DraftKings, that it would “suspend all processing for payment transactions” related to daily fantasy sports in the United States and its territories on Feb. 29."
  • RTGS, and the story of batches instead of blocks - FT Alphaville - "Here begins a tale of how the Bank of England’s settlement system got broken without anyone really noticing…"
  • Facebook open to payments partnerships with Apple Pay, others - Apple Insider - "We'll partner with everyone who does payments," Zuckerberg said. "We look at the stuff that Apple is doing with Apple Pay, for example, as a really neat innovation in the space that takes a lot of friction out of transactions as well."

ON THE WIRES

  • Visa Launches Commerce Network to Drive Merchant Sales and Deliver New Cardholder Benefits - "Visa Commerce Network works by connecting transactions between two merchants. For example, a hotel can provide its customers with offers from local restaurants using Visa Commerce Network, and with cardholder consent, track engagement and even issue rewards. Qualifying purchases are recognized at the point of sale and rewards can be seamlessly applied to cardholder accounts – eliminating the need for coupons or redemption schemes."
  • MasterCard Incorporated Reports Fourth-Quarter and Full-Year 2015 Financial Results - “Despite a challenging economy, we were able to deliver solid results for the quarter and the full year in 2015,” said Ajay Banga, president and CEO, MasterCard. “Entering 2016, while uncertainty in the global economy persists, the fundamentals of our business and our approach remain unchanged. We continue to be laser focused on our strategy to lead payment innovation in an increasingly digital world with solutions such as MasterPass, while growing the use of electronic payments through our products, partnerships and increased acceptance at the point-of-sale.”
  • FTC Announces Significant Enhancements to IdentityTheft.gov - "For the first time, identity theft victims can now go online and get a free, personalized identity theft recovery plan as a result of significant enhancements to the Federal Trade Commission’s IdentityTheft.gov website."

EVENTS

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 28, 2016

Headline News from PaymentsNews.com - January 28, 2016

ON THE WEB

ON THE WIRES

  • Visa Inc. Reports Fiscal First Quarter 2016 Results - “We continue to be pleased with our financial performance given the uneven global economy and the ongoing negative effects of the strong U.S. dollar. While we continue to see relatively strong payments volume growth, these factors have meaningfully reduced our cross-border volume and revenue growth. While these headwinds do not appear to be abating in the short-term as we had hoped, the fundamentals of our business remain strong and our long-term growth trajectory remains intact as we navigate through this uncertain environment,” said Charlie Scharf, Chief Executive Officer of Visa Inc.
  • Credit Karma Now Serves 50 Million Members - "Credit Karma’s 50 million-strong member base accounts for 22 percent of all Americans with a credit profile in the United States, who use the platform to help them manage over $3 trillion in household debt. The company has given away more than one billion free credit scores since launching its product in March 2008, without charging members a penny to use its service."
  • Alliance Data Reports Full-Year 2015 Results - Ed Heffernan, president and chief executive officer of Alliance Data, commented, "It was an exceptional year for Alliance Data as we drove 20 percent growth in both revenue and core EPS despite substantial FX headwinds. Overall, the scorecard for all three segments is largely positive."
  • ID Experts Raises $5 Million in Financing from BlueCross BlueShield Venture Partners and Sandbox Advantage Fund - "We look at this investment as a strategic partnership with ID Experts," said Tom Hawes, M.D., Managing Director at Sandbox Industries who will join the Board of Directors at ID Experts. "ID Experts is poised for rapid growth with its data breach and identity protection solutions, especially in the healthcare space with its innovative MIDAS™ medical identity monitoring service."

EVENTS

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, 2016

Headline News from PaymentsNews.com - January 21, 2016

ON THE WEB

  • MasterCard on blockchain: 'We don't want to be blindsided' - Business Insider - "One of the top executives at MasterCard told Business Insider in an interview on the sidelines of the World Economic Forum in Davos, Switzerland, that the company was "very, very interested" in the technology."

ON THE WIRES

EVENTS

  • Payments in Portland (OR) - Join us Thursday, January 28th from 5:30-7:30 PM to hang out with your colleagues and competitors to discuss all things payments! We'll have appetizers, Oregon beer and wine. For the first time, Payments in Portland is including a short topical briefing - this month on "B2B Payments - Promise and Problems." If you have a Portland payments presence and something to say on B2B payments, let us know! RSVP HERE!
  • Real Time Payments in the US: Implications for the Payment Industry - Atlanta, GA - February 10, 2016. Glenbrook's Elizabeth McQuerry will be moderating this discussion on what "faster payments" really means, how it's been implemented in other countries, and how it may shape banking and how we pay.

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 07, 2016

Headline News from PaymentsNews.com - January 7, 2016

ON THE WEB

  • MasterCard embeds payment in devices - Chain Store Age - "This collaboration builds upon MasterCard’s October 2015 introduction of the Commerce for Every Device program to enable any consumer gadget, accessory or wearable to become a payment device."
  • Five Fintech Trends for 2016 - BBVA Blog - "The blockchain infrastructure was reinforced in 2015, with strengthening involving mining, exchanges, wallets and processors. 2016 is about innovating on top of it."

ON THE WIRES

EVENTS

  • Payments in Portland (OR) - Join us Thursday, January 28th from 5:30-7:30 PM to hang out with your colleagues and competitors to discuss all things payments! We'll have appetizers, Oregon beer and wine. For the first time, Payments in Portland is including a short topical briefing - this month on "B2B Payments - Promise and Problems." If you have a Portland payments presence and something to say on B2B payments, let us know! RSVP HERE!

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, 2016

Headline News from PaymentsNews.com - January 5, 2016

ON THE WEB

  • Enough with the 2016 Predictions – Let’s Think Bigger! - Payments Views (Allen Weinberg) - "As I was slogging through the many payments-related articles and blog posts reminiscing about 2015 events and making predictions for what may or may not be ahead in 2016, I thought of a conversation I had with Scott Loftesness around 20 years ago, sometime in 1995 or 1996. "
  • The Future of Mobile Chatting: Commerce - Wall St. Journal - "Five years later, WeChat’s hundreds of millions of users in China tap the service to send money to friends, buy shoes and even book doctors’ appointments."
  • Apple Pay may have found its perfect market in China - Quartz (Ian Kar) - "All told, conditions couldn’t be better: retailers are ready to support the technology (which has been an issue in the US), consumers are comfortable and experienced with mobile payments, and a lot of iPhones are Apple Pay compatible."
  • Thought Bitcoin Was Dead? 2016 Is the Year It Goes Big - Wired - “In 2015, we saw a lot of financial institutions, banks, thought leaders say: ‘It’s not about bitcoin, it’s about blockchain.’ That is a mistruth.”
  • Man Has 1,497 Credit Cards - ABC News - "Walter Cavanagh has 1,497 valid credit cards -- all of which amount to a $1.7 million line of credit."

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 04, 2016

Headline News from PaymentsNews.com - January 4, 2016

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 21, 2015

Headline News from PaymentsNews.com - December 21, 2015

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 18, 2015

Headline News from PaymentsNews.com - December 18, 2015

On the Web

On the Wires

  • Apple & China UnionPay to Bring Apple Pay to China - “Apple Pay has revolutionized the way millions of people pay every day with their iPhone, Apple Watch and iPad,” said Eddy Cue, Apple’s senior vice president of Internet Software and Services. “China is an extremely important market for Apple and with China UnionPay and support from 15 of China’s leading banks, users will soon have a convenient, private and secure payment experience.”
  • CPA Releases Multi-Year Data on Canadian Payment Methods and Trends - "The research provides important insights for the industry and the Canadian Payments Association as we look to modernize the country's clearing and settlement systems," said Gerry Gaetz, President and CEO of the CPA. "While traditional payments clearly continue to fill a vital role, the data shows an accelerating shift to new channels for electronic payments."

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 16, 2015

Headline News from PaymentsNews.com - December 16, 2015

On the Web

  • Merchants Go on Offense in Digital Payments - PaymentsViews.com (Bryan Derman) - "We are now seeing that economic leverage gradually imposed on the rest of the payment value chain (short-circuiting network fees through negotiated, bilateral interchange) in a way that more fully reflects their importance of major retailers in the dominant consumer sector of the U.S. economy."
  • Federal Reserve issues FOMC statement - "Given the economic outlook, and recognizing the time it takes for policy actions to affect future economic outcomes, the Committee decided to raise the target range for the federal funds rate to 1/4 to 1/2 percent."
  • Braintree Drives Commerce Forward with Facebook Messenger and Uber - Braintree Blog - “We are excited to partner with Braintree to offer users increased convenience, flexibility, and security,” said P.J. Linarducci, Facebook Head of Payment Products.
  • Australia banks agree Android Pay deal, Apple Pay still frozen out - Reuters - "It's a big bargaining chip for (Australian) banks to use to force a better deal with Apple," said Foad Fadaghi, managing director of technology research firm Telsyte.
  • Paytm’s Founder On Its Online-To-Offline Strategy In India - TechCrunch - "In India, Paytm also wants to position itself as a better option than credit cards, which are slowly gaining in popularity but still used by relatively few Indian consumers."
  • Asia-Pacific Is Home to Majority of World Retail Ecommerce Market - eMarketer - "For the first time, the region will not only have the largest digital retail market in the world, but its share of global digital retail spend will also reach 52.5%—the first time it holds an outright majority of the world market."

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 09, 2015

Headline News from PaymentsNews.com - December 9, 2015

On the Web

On the Wires

  • MasterCard Crowns Champion in the Inaugural Masters of Code Global Hackathon Series - "MoneyRemaid earned the title of Masters of Code by building a software platform to disrupt the way domestic workers in Southeast Asia could receive and manage their salaries. The team, comprised of a young woman and four young men, was awarded the grand prize of $100,000 seed funding, incubation in the MasterCard StartPath program, six months of executive mentoring and free payment processing for up to $250,000 in transactions for the first 12 months using Simplify Commerce."
  • Dunkin’ Donuts Selects CARDFREE as the Mobile Platform for its Next Generation Mobile Application to Include Mobile Ordering and Enhanced Features - "CARDFREE, the leading mobile commerce provider to large merchants, announced that it is the mobile application platform provider enabling Dunkin’ Donuts’ new On-the-Go Ordering app that is currently being tested in Portland, Maine. The company was selected by Dunkin’ Donuts to provide the mobile ordering application solution to make it easier and more convenient for members of the brand’s DD Perks® Rewards Program to place an order from their mobile phone."
  • The European Union Helps Merchants and Consumers by Reforming Its Credit-Card Market While the U.S. Lags - “The EU’s just and thoughtful action should spur policymakers in the U.S. to take a closer look at these bloated fees which, without competition, just keep growing,” said Lyle Beckwith, a senior vice president at NACS, the National Association of Convenience Stores, and a member of the Merchants Payments Coalition. “We applaud the EU for standing up to the credit-card giants who continue to fleece American merchants and consumers.”

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 04, 2015

Headline News from PaymentsNews.com - December 4, 2015

On the Web

  • Apple Makes A Beeline For Carrier Billing In Emerging Markets, Starting With Russia - Techcrunch - "It’s therefore a perfect storm for Apple and carrier billing: countries like Russia represent a lot of growth for Apple, and so it’s creating a way to make it easier for consumers in these markets to pay..."
  • MasterCard, Visa Named Top Global Innovators - Wall St. Journal - "Six financial services firms are ranked among Boston Consulting Group’s annual list of top 50 global innovators. This is after two years of drought when no financial companies made the cut."
  • Machine Learning and Big Data Know It Wasn’t You Who Just Swiped Your Credit Card - Scientific Computing - "Fraud detection is an arms race between good guys and bad guys. At the moment, the good guys seem to be gaining ground, with emerging innovations in IT technologies, such as chip and pin technologies, combined with encryption capabilities, machine learning, big data and, of course, cloud computing."
  • Our thoughts on Ethereum - Medium (KPCB Edge) - "We think Ethereum as a software platform significantly adds to the potential ways blockchain technology could be used in an application’s technology stack."
  • Q: What Might Drive Bitcoin Mass Adoption? - Medium - "As was the case on the early internet, the early pioneers mainly consist of the speculators, developers and scientists who see this potential, building out early infrastructure on top of the base transport layer, with the masses joining in only once the killer applications develop, not the other way around."

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 01, 2015

Headline News from PaymentsNews.com - December 1, 2015

On the Web

  • The Future of Personal Payments - Medium (Jeremy Allaire) - "Long considered a product and market backwater, given countless product efforts in the West that have largely failed to live up to the hype or potential, p2p payments is now emerging as potentially one of the most valuable pieces of consumer Internet real estate."
  • Why Apple Wants to Get Into the Unprofitable World of Payments Between Friends - Bloomberg - "Apple isn’t likely to find a way to profit directly from the feature. Instead, the company will probably use it to increase adoption of Apple Pay in stores."
  • Touch ID Is The Gift That Keeps On Giving - ReadWrite - "While some think Apple Pay requires you to open the Apple Wallet (formerly Passbook), find the card, hold it in front of the register, and then authenticate using Touch ID, you don't. All you actually have to do is hold the phone near the register with your finger on the Touch ID "home" button. That's it."
  • JCPenney testing store card support for Apple Pay, full rollout due in spring 2016 - MacRumors - "Thus far, Kohl's is the only major retailer that currently allows its store cards to be added to Apple Pay, but both Kohl's and JCPenney have been touted as the two major partners for the feature."

On the Wires

  • CO-OP Financial Services to Offer Visa Checkout for Easy, Secure Online Shopping - "“Visa Checkout is a simpler, more secure way for credit union members to pay online almost anywhere in the world,” said Stan Hollen, President/CEO of CO-OP. “Visa Checkout is another advanced digital product that underscores CO-OP’s commitment to helping our credit union clients keep their branded credit cards top of wallet, regardless of what payment services the member may choose.”
  • CO-OP Financial Services Offers MasterPass by MasterCard - “CO-OP is committed to partnering with credit unions to help them deploy a digital e-commerce solution that fits the needs of their members,” said Stan Hollen, President/CEO of CO-OP. “MasterPass is an important piece of a comprehensive digital e-commerce strategy, and complements digital wallets such as Apple Pay, Android Pay, Samsung Pay and others.”
  • BBC Worldwide Selects Vindicia to Manage Payments for BBC Store - Gene Hoffman, chief executive officer and chairman at Vindicia, said: “Vindicia’s CashBox solution enables audiences to buy BBC content quickly and easily using cash available in their e-wallet, or via other means, such as PayPal or store-bought gift cards.”
  • American Express Serve® Expands Largest Free Cash Reload Network1 in U.S. - “We are thrilled to add Dollar General and Rite Aid to our Free Cash Reload network, giving Account holders even more places to add cash at convenient locations in their communities,” said Stefan Happ, Chief Commercial Officer, Enterprise Growth, American Express.

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!

November 30, 2015

Headline News from PaymentsNews.com - November 30, 2015

On the Web

  • China's Mobile Payments War Is Going Global - AdvertisingAge - "For brands catering to Chinese consumers, whether at home or overseas, Alipay and WeChat payment are the two main mobile payment players to watch and understand; their intense competition is driving innovation and new consumer habits."
  • Trouble in the Checkout Line: Which Way to Pay? - Wall St. Journal - "The choice at checkout used to be simple: Cash or credit? Now consumers confront a dizzying array of payment possibilities: PIN or signature? Dip or swipe? Wave or tap? You really want to pay with your watch?"
  • Four E-Commerce Lessons From Black Friday Weekend 2015 - Re/code.net - "According to multiple studies, ecommerce sales on Thanksgiving this year grew more than on Black Friday."
  • Watch Out, Visa and MasterCard; Here Comes Blockchain - Barron's - "The virtual currency had a surge of popularity before a panic led to extreme skepticism about such fantasy money. But blockchain technology is a sound idea that’s separate from Bitcoin, and it could end up having a far greater impact than the currency."
  • With IPO out of the way, payments disrupter Square plots Aussie growth - Financial Review - "Square's Australian country manager, Ben Pfisterer told The Australian Financial Review the company was about to embark on a local hiring spree, which would focus on marketing and business development, while it figured out plans to roll out some of its more well-known products."
  • Apple's Failed Retail Revolution: Beacons Still Won't Be Big on Black Friday - Bloomberg - "A survey conducted by Forrester earlier this year found that only 3 percent of retailers use beacons; just 16 percent had plans to try the technology in the foreseeable future."

On the Wires

  • Swatch Partners With Visa for Pay-By-The-Wrist Contactless Payments - "Swatch SA and Visa Inc. together with Visa Europe have signed an agreement giving eligible Visa cardholders in the U.S., Switzerland and Brazil the ability to tap and pay with Swatch’s new "pay-by-the-wrist" watch."
  • BlueSnap Launches the Powered Buy Platform - “Converting a shopper to a buyer on a mobile device requires more than just having a mobile-optimized site or an app,” says Ralph Dangelmaier, CEO of BlueSnap. “We’ve spent the last year optimizing the set of capabilities that merchants need to solve their payments conversion problem — and built that into our Powered Buy Platform. Clients who’ve used it have seen their payment conversions increase dramatically – improving their sales literally overnight.”
  • Krispy Kreme® Launches Mobile Rewards Program Powered by NCR - “Our goal in developing the Krispy Kreme Rewards program was to enable guests to experience the joy that is Krispy Kreme and earn rewards for their loyalty,” said Tony Thompson, Krispy Kreme’s President and CEO. “It is critical for us to know our guests more personally and our mobile app provides the data that helps us meet the needs of today’s consumer.”

Glenbrook's 2015 Payments Education

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!

November 27, 2015

Headline News from PaymentsNews.com - November 27, 2015

On the Web

On the Wires

  • The EPC Submitted to the ERPB its Proposal for the Design of an Instant Credit Transfer Scheme - "The European Payments Council (EPC) proposal for the design of a Single Euro Payments Area (SEPA) instant credit transfer (SCT Inst) scheme was submitted on that day to the Euro Retail Payments Board (ERPB), and approved."
  • New GSMA Study Highlights Role of Mobile in Delivering a Digital India - “India is a unique mobile market and one where the mobile ecosystem is playing a hugely influential role in transforming the lives of its citizens, and driving economic growth,” said Alex Sinclair, Acting Director General and Chief Technology Officer at the GSMA. “The market is now rapidly migrating to mobile broadband technology, which is providing a platform for India to transform into a digitally empowered society and connect many millions of unconnected citizens to the internet over the coming years.”
  • Five Ways to Keep the Grinch Out of Your Cybershopping: Tips from U.S. Bank Security Coach Jason Witty - US Bank - “It’s important to remember the critical role consumers play when it comes to protecting their personal information and data; they can’t rely on businesses and retailers alone,” said Jason Witty, Chief Information Security Officer at U.S. Bank. “Holiday shopping is fun, but it’s important to always remember the risks involved and take proper precautions.”

Glenbrook's 2015 Payments Education

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!

November 24, 2015

Headline News from PaymentsNews.com - November 24, 2015

On the Web

On the Wires

Glenbrook's 2015 Payments Education

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!

November 17, 2015

Headline News from PaymentsNews.com - November 17, 2015

On the Web

On the Wires

  • Western Union Offers New Global Money Transfer Service on WeChat - “Given the proliferation of social media around the world, we are expanding our activities in this exciting area. It only makes sense to include the WeChat platform as part of the company’s innovative digital money transfer capabilities. By teaming with WeChat and deploying the WU Connect platform to its U.S. users, Western Union is offering yet another new method for consumers to move money worldwide."
  • Global Payments Announces Support for Apple Pay in Canada - “Following successful enablement in the U.S. and the UK, Global Payments is pleased to be one of the first providers in Canada to offer merchants the exciting opportunity to accept Apple Pay,” said Frank T. Young, SVP, Global Product and Innovation.
  • Chase teams up with 18 technology partners to help merchants accept Chase Pay - "These industry leaders will help merchants integrate Chase Pay into their overall payment acceptance strategy,” said Michael K. Passilla, CEO of Commerce Solutions, the global payment processor and merchant acquirer of JPMorgan Chase & Co. “Chase Pay solves a number of pain points for consumers and merchants to improve the customer experience and drive down the cost of payments.” - The technology partners announced include: 3Delta Systems, AJB Software, Aria Systems, Auric Systems, Authorize.Net, BridgePay, Bytemark, CardinalCommerce, FIS ClearCommerce, CyberSource, iBiz Software, LevelUp, Miva, P97, Recurly, USAePay, Vindicia and Xpress Bill Pay.
  • PayPal 2nd Annual Global Report Shows More Than 1/3 of Chinese Online Shoppers Now Buying Cross-Border - "Amidst a year of market-moving news coming out of China, no shortage of attention has been paid to its growing consumer class’ buying power as more enter the global online ecommerce market. This year’s findings support the growth trend: 35 percent of online shoppers claim to have shopped cross-border in 2015, vs. 26 percent in 2014."
  • Align Commerce Closes $12.5 Million Series A Round Led by Kleiner Perkins Caufield & Byers (KPCB) - "For far too long the cost and complications of existing payment systems have hindered startups and SMBs from fully capitalizing on global trade,” said Marwan Forzley, CEO of Align Commerce. “The Align Commerce platform cuts through time-consuming red tape and excessive fees that have unnecessarily burdened users. Existing systems have seen little innovation in the face of game-changing new technologies, and the entire experience is overdue for a radically different approach.”
  • First Data and NCR Sign Strategic Commercial Agreement - "First Data will be a preferred provider of cybersecurity and payment processing solutions to NCR’s customers in the grocery, petroleum and convenience store industries. NCR will be a preferred provider of ATM hardware and services to First Data’s client base of more than 4,000 financial institutions. The two industry leaders will also pursue co-development of integrated commerce technology solutions for U.S. merchant clients."
  • NFC Forum: U.S. Retailers May Not Be as Prepared for Retail Payments Migration as They Think - "The white paper describes ways for merchants to secure their businesses against fraud while accepting payment from customers in the way they prefer to pay. "
  • Synchrony Financial Announces Completion of Separation from GE - “This is an historic day for Synchrony Financial,” stated Margaret Keane, president and CEO of Synchrony Financial. “Today we launch the next stage in our company’s future – pursuing a long-term strategy focused on Synchrony’s business objectives as a stand-alone company. I am very proud of our employees, who have prepared us for this day, while continuing to serve our partners and customers and to grow our business.”

Glenbrook's 2015 Payments Education

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!

November 16, 2015

Headline News from PaymentsNews.com - November 16, 2015

On the Web

On the Wires

  • Nordstrom Launches Enhanced E-Gifting Experience with CashStar - "With CashStar Commerce, Nordstrom has enabled its customers to create a highly personalized e-gifting experience for their recipients with a large selection of Nordstrom-designed faceplates and artwork and ability to add a personalized message. The eGift card is delivered in a virtual Nordstrom silver envelope, an extension of Nordstrom’s signature silver box experience. Senders can also choose to have the eGift delivered instantly or on a future date and will receive notification when their gift has been viewed."
  • U.S. Bank Consumer Study Raises New Perspective on How Banks Balance Technology with a Human Touch - "Approximately 70 percent of consumers across all generations (85 percent of millennials) believe banks that are current with the latest technology are more trustworthy than banks that lag; however, nearly 4 out of 5 Americans say when it matters most, they value people more."
  • MasterCard Connects Startups to Its Global Network of Big Brand Partners - "Launched in 2014, MasterCard Start Path is a global effort to support innovative early stage startups developing the next generation of commerce solutions. This initial class of early-stage startups, selected from more than 200 applicants, are using big data, mobile and cloud-based applications to build digital relationships, empower consumers and simplify complicated tasks."
  • JCB Certified for U.S. EMV Chip Card Acceptance - "We are extremely pleased to achieve our first U.S. EMV acceptance certification,” said Dan Skaling, executive vice president for JCBUSA. “JCB has been a leader in EMV card acceptance in markets around the world for the past 10 years,” added Skaling. “Being able to give our cardholders this same safety and security when making purchases in the United States is a top priority,” continued Skaling.
  • Chase Commerce Solutions will streamline EMV certification with Host Payment solution from UL - "The "Chase Payment" module, which works with UL's existing Brand Test Tool solution, was specially designed for Chase so that their large and midsized business clients can test and pre-certify their end-to-end EMV solution prior to certification," says Sherif Samy the Commercial Director of UL's Transaction Security Division."

Glenbrook's 2015 Payments Education

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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