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Authentication

Welcome to the News View for "Authentication".

Here, on these archive pages, you'll find all of the articles on Payments News for Authentication 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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June 27, 2016

Headline News from PaymentsNews.com - June 27, 2016

Headline News is brought to you by RS Software. To learn more about why RS Software is the choice for leading payments companies around the world, click here!

ON THE WEB

ON THE WIRES

  • MasterCard Commits to the Inclusion of 40 Million Micro and Small Merchants - “Real financial inclusion happens when people can use their new financial accounts to do what many of us take for granted,” said Ajay Banga, president and CEO of MasterCard. “Helping micro and small merchants connect to electronic payments will accelerate adoption and usage of new financial tools for the unbanked and will have a true impact on people’s daily lives.”
  • Wells Fargo to Offer Real-Time P2P Payments to 17 Million Mobile Customers - "Beginning August 1, Wells Fargo’s service will allow its customers to send funds in real-time at no cost to any customer of a bank that participates in the real-time service, which operates on Early Warning’s clearXchange™ network. Wells Fargo customers can already receive real-time payments at no cost from customers at any bank participating in the network."
  • New FIDO Certified Bluetooth Solution for Secure Mobile Internet Usage - " Infineon Technologies AG today announced the first FIDO-certified Bluetooth low energy (BLE) reference design for wireless authentication tokens. By using such a token in addition to their password, consumers can conveniently and securely authenticate their online activities on mobile devices."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming this fall - in Palo Alto, CA and 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.

COMING UP IN ATLANTA ON FRIDAY, JULY 15

TAG FinTech presents: Lunch & Learn on Real Time Payments - After years of discussion, the notion of faster payments in the U.S. is rapidly becoming reality thanks to the efforts of the Federal Reserve's Payments Improvement Task Force and its participating firms. These new systems could fundamentally change how we think about person to person transfers as well as business payments. Of these efforts, The Clearing House's real-time payments initiative is among the furthest along and most ambitious. Get the details on its functionality, rollout and potential uses. Glenbrook's Elizabeth McQuerry is moderating the session.

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 22, 2016

Headline News from PaymentsNews.com - June 22, 2016

Headline News is brought to you by RS Software. To learn more about why RS Software is the choice for leading payments companies around the world, click here!

ON THE WEB

  • Goodbye, Password. Banks Opt to Scan Fingers and Faces Instead. - New York Times - "Some of the nation’s largest banks, acknowledging that traditional passwords are either too cumbersome or no longer secure, are increasingly using fingerprints, facial scans and other types of biometrics to safeguard accounts."
  • Hyperledger Project Adds 7 New Members - Hyperledger - "Hyperledger Project, a collaborative cross-industry effort created to advance blockchain technology, announced today that seven new members have joined to help create an open standard for distributed ledgers for a new generation of transactional applications."
  • Coinbase adds support for PayPal and Credit Cards - Coinbase Blog - "To start, we’re offering PayPal cash-out for US users only. In the future, we hope to add support for other countries, and to support buys through PayPal as well."
  • The Failure of Coin - Medium (Ben Einstein) - "When it comes to hardware startups, there are two types risk that are manageable on their own, but when combined often spell failure: technical risk and product risk."
  • India: Visa issues more than a million contactless cards - Economic Times - ""Contactless is the future of payments in India. Since its launch, Visa payWave has gained strong momentum and wide merchant acceptance."
  • Samsung Takes a Different Approach to Mobile Payments - Fortune - "“We’re a hardware company, and at the end of the day I think what we’re trying to do is get people who hold (one of) our phones and use it…to just love it more,” Elle Kim, global vice president of Samsung Pay, told Reuters in Sydney."
  • Microsoft brings mobile payments to that Windows 10 Mobile user - Inquirer - "Oddly, the service is available only on Windows 10 handsets in the US where contactless payments are not yet widely accepted, as opposed to in the UK where most retailers support the NFC-based service. "
  • Android Pay Prepares to Show a Map of Nearby Locations that Accept Payments - XDA Developers - "...Google has left some hints within the APK file of the latest update that point towards a new feature that will use your current location and pull up a map activity to show you nearby stores that accept Android Pay."
  • National Bank of Kazakhstan to Announce a List of Blockchain Projects Soon - NewsBTC - "It has been speculated that the Kazakhstan’s national bank might want to utilize the blockchain technology to improve inter-transactions between its branches, a project that sounds similar to the famous R3 global banking consortium. Another possible use case revolves around the use of distributed ledger technology for the implementation and tracking of Anti-Money Laundering (AML) and Know Your Customers (KYC) regulations among the banks."

ON THE WIRES

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming this fall - in Palo Alto, CA and 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.

COMING UP IN ATLANTA ON FRIDAY, JULY 15

TAG FinTech presents: Lunch & Learn on Real Time Payments - After years of discussion, the notion of faster payments in the U.S. is rapidly becoming reality thanks to the efforts of the Federal Reserve's Payments Improvement Task Force and its participating firms. These new systems could fundamentally change how we think about person to person transfers as well as business payments. Of these efforts, The Clearing House's real-time payments initiative is among the furthest along and most ambitious. Get the details on its functionality, rollout and potential uses. Glenbrook's Elizabeth McQuerry is moderating the session.

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 01, 2016

Headline News from PaymentsNews.com - June 1, 2016

ON THE WEB

ON THE WIRES

PAYMENTS IN PORTLAND

  • Join us for the next Payments in Portland (Oregon) event being held on Tuesday, June 7th. Details here!

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming this fall - in Palo Alto, CA and 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!

May 26, 2016

Headline News from PaymentsNews.com - May 26, 2016

ON THE WEB

ON THE WIRES

PAYMENTS IN PORTLAND

  • Join us for the next Payments in Portland (Oregon) event being held on Tuesday, June 7th. Details here!

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming this fall - in Palo Alto, CA and 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!

May 25, 2016

Headline News from PaymentsNews.com - May 25, 2016

ON THE WEB

  • Blockchain Technology: Possibilities for the U.S. Postal Service - US Postal Service Inspector General - "This paper takes an exploratory look at the technology and suggests that it may be wise for the Postal Service to explore and possibly experiment with blockchain technology in order to gain a better understanding of its potential impacts. The Postal Service could begin experimenting with financial applications and then naturally expand into other applications enabled by the technology."
  • India’s Central Bank Says a Third of ATMs It Surveyed Don’t Work - Wall St. Journal - "When the Reserve Bank of India recently surveyed 4,000-odd ATM machines across the country, they found that a third weren’t working, the central bank’s Deputy Governor S.S. Mundra said this week."
  • Money transfer company TransferWise raises further $26M at $1.1B valuation - TechCrunch - "Described as ‘top-up funding’, the $26 million round was led by investment management firm Baillie Gifford, with participation from existing investors."

ON THE WIRES

  • Tipalti Releases First-Ever Platform to Automate the Entire Accounts Payable Workflow - "For businesses looking to scale for growth without incurring additional AP staff, automating supplier payment operations are critical. Not only do finance organizations need to contend with automated invoice workflow and complex remittance processes, they need to employ best practice financial and compliance controls to reduce risk," said Chen Amit, CEO and Co-founder of Tipalti.
  • Align Obtains Insurance Covering Multi-Rail, Blockchain Payments - “Our new transaction protections further strengthen Align’s promise to provide the best possible experience for our clients, built on a foundation of trust and security,” said Align Commerce CEO and Co-founder Marwan Forzley. “Align’s policies extend to all means by which Align elects to fulfill customer transactions, including the blockchain, which we believe is an industry first.”
  • Dashlane Raises $22.5 Million in Series C Funding; Announces Strategic Partnership with TransUnion - "The company can also announce that Carl Pascarella, former CEO of Visa Inc. (NYSE: V), has joined its board as an independent director. "Dashlane's ability to facilitate payments and help reduce fraud is uniquely relevant for financial institutions," said Pascarella. "I am excited to have an opportunity to lend my experience to help the team at Dashlane accomplish their vision for secure information and online payments.""
  • New Spanish Payment Platform Bitnovo Allows Customers to Access Funds Directly From Their Bitcoin Wallet Using Debit Card - "Bitnovo´s prepaid debit cards are already available in euro denomination; these prepaid debit cards can be instantly charged with a simple Bitcoin transaction. The funds will be available for use as soon as the transaction is validated by the blockchain."
  • Balance Credit Launches Convenient Cash Payment System - “We are pleased with this expansion of our servicing options with MoneyGram and PayNearMe. Balance Credit customers can now make payments 24/7 right in their neighborhoods at locations which are convenient to where they shop, live or work," stated Gena Evertson, COO of Balance Credit.
  • FreshBooks Releases Credit Card Reader for Small Business Android Users - "This release follows the launch of the FreshBooks Card Reader for iOS earlier this year. In February, FreshBooks noted that more than 68% of the Card Reader's earliest users were already using EMV chip technology and similar high adoption rates are expected for Android users."

PAYMENTS IN PORTLAND

  • Join us for the next Payments in Portland (Oregon) event being held on Tuesday, June 7th. Details here!

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming this fall - in Palo Alto, CA and 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!

May 24, 2016

Headline News from PaymentsNews.com - May 24, 2016

ON THE WEB

ON THE WIRES

PAYMENTS IN PORTLAND

  • Join us for the next Payments in Portland (Oregon) event being held on Tuesday, June 7th. Details here!

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming this fall - in Palo Alto, CA and 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!

May 18, 2016

Headline News from PaymentsNews.com - May 18, 2016

ON THE WEB

  • Payments on Fire Podcast: Shoptalk Conference 2016 - PaymentsViews.com (George Peabody) - "Take a listen to my conversations with start-ups Tuku (in-store digital content delivery), Belly (in-store loyalty), Bold Financial Technologies (payout management for Treasury) and established fintech provider ACI Worldwide.
  • PayPal's first Analyst Day - PayPal is holding its first ever Analyst Day briefing today beginning at 8:30 AM Pacific. The presentation slides are here.
  • Enhancing Android Pay APIs - Android Developers Blog - "We believe that mobile payments can make for a better, more secure shopping experience - so we're in this together for the long haul. We’re building a robust Android Pay ecosystem, one that’s open and scalable, to enable developers to drive mobile payments - and their businesses - forward. We're very excited for the road ahead and we hope you are too."
  • J.P. Morgan Reduced Some Employees’ Access to Swift System in Recent Weeks - Wall St. Journal - "The New York bank took the steps in recent weeks to keep tighter control on its links to the service, those people said."
  • MCX bows out as opportunity narrows for new mobile payment entries - Mobile Commerce Daily - "With a Chase Pay partnership in place, MCX is shifting gears, postponing its consumer payments application, CurrentC, and focusing on building relationships with additional banks instead ..."
  • What Happened to the Revolving Credit Card Balances of 2009? - Payment Cards Center - Federal Reserve Bank of Philadelphia - "We examine the paydown and charge-off of March 2009 revolving credit card balances. We find that 75 percent of those balances had been paid off or charged off within four years. Charge-offs played a much smaller role in balance reduction than did paydown (27.8 versus 72.2 percent)..."
  • ;
  • The Blockchain Expert: In Search of Tech’s Near-Mythical Beast - Wall St. Journal - "The problem is few technologists have deep experience building systems that use a blockchain. Those who do are in high demand."

ON THE WIRES

PAYMENTS IN PORTLAND

  • Join us for the next Payments in Portland (Oregon) event being held on Tuesday, June 7th. Details here!

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming this fall - in Palo Alto, CA and 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!

May 16, 2016

Headline News from PaymentsNews.com - May 16, 2016

ON THE WEB

ON THE WIRES

PAYMENTS IN PORTLAND

  • Join us for the next Payments in Portland (Oregon) event being held on Tuesday, June 7th. Details here!

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming this fall - in Palo Alto, CA and 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!

May 05, 2016

Headline News from PaymentsNews.com - May 5, 2016

ON THE WEB

ON THE WIRES

  • Samsung Reinvents the Refrigerator - "Groceries by MasterCard – Order groceries online from leading retailers like Fresh Direct and ShopRite and pay for them through a simple, single check-out with any U.S.-issued credit or debit cards."sa
  • GlobalPlatform and FIDO Alliance sign memorandum of understanding to ease identity authentication - "The two industry associations are working to ease FIDO authenticator development on GlobalPlatform-based secure component products. This will enable service providers to efficiently incorporate user authentication features – such as voice recognition and biometrics – as part of their GlobalPlatform-secure deployments."

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 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!

March 04, 2016

Headline News from PaymentsNews.com - March 4, 2016

ON THE WEB

ON THE WIRES

  • U.S. Bank Customers among the First to Enjoy Faster Person-to-Person Payments - “U.S. Bank is a pioneer in its mission to provide customers a safe and easy way to send money to another person anywhere in the country,” said Gareth Gaston, executive vice president of omnichannel banking at U.S. Bank. “U.S. Bank has invested heavily in clearXchange and parent company, Early Warning, because we believe person-to-person payments in real-time is the future of fast, secure payments."
  • Suretap Adds Loyalty to Become Canada's Most Rewarding Digital Wallet - "Since launching the wallet with the support of Canada's leading wireless carriers, suretap has almost 1 million downloads and has integrated a wide range of encrypted virtual credit cards and gift cards into the wallet. The addition of loyalty rewards from merchants, airlines, hotels and other businesses represents another important step..."s

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 03, 2016

Headline News from PaymentsNews.com - March 3, 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!

February 29, 2016

Headline News from PaymentsNews.com - February 29, 2016

ON THE WEB

  • Square Unlocks Cash Drawer for Square Cash - "Beginning today, Square Cash customers have the option to store money within the app with the new Cash Drawer feature. Cash Drawer gives anyone the ability to stash cash they receive directly in the app or add their own from their bank account, making it easier to set aside funds for future costs like dinners out with friends, or upcoming payments like your monthly rent."
  • Overdraft Practices Continue to Gut Bank Accounts and Haunt Customers - New York Times - "In a push for transparency since the 2008 financial crisis, regulators require banks to clearly disclose and explain the terms of just about every financial product, including credit cards and mortgages. But overdraft practices still come with hidden costs and confusing terms..."
  • The future of Apple Pay: From payments to platform - iMore - "Apple Pay will eventually be more than just a way to quickly make payments in-store and in-app. But how it evolves depends on the scope of Apple's ambitions."
  • Amid Confusion, Venmo Back Pedals Total Shutdown of its API - ProgrammableWeb - "Venmo has apologized for the confusion it created, but it did admit that it will be reevaluating its API."
  • New Payments Tech Is Oiling Wheels of Trade - Raconteur - "Distributed ledger technology offers financial organisations the potential to address challenges around efficiency, trust, transparency and innovation by connecting multiple systems and organisations."
  • MasterCard to use the power of selfies to protect your online shopping - The Age (Australia) - "Using a new system called MasterCard Identity Check - or, colloquially, "selfie pay" - the credit card company will use biometric methods like face recognition and fingerprint scans to better secure online shopping."

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!

February 25, 2016

Headline News from PaymentsNews.com - February 25, 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!

February 23, 2016

Headline News from PaymentsNews.com - February 23, 2016

ON THE WEB

  • How This $2.3 Billion Swedish Company Plans to Dominate the U.S. Payments Sector - Inc. - "Klarna, for that matter, is not your average payments processor. By partnering with merchants, the system allows customers to purchase an item simply by entering their name, email address, and zip code."
  • Amazon Web Services Takes Aim at Big Banks - "The company’s Amazon Web Services unit has been approaching banks such as Citigroup Inc., Goldman Sachs Group Inc. and J.P. Morgan Chase & Co., people familiar with the matter said."
  • JPMorgan Quietly Tests ‘Blockchain’ With 2,200 Clients - Wall St. Journal - "The nation’s largest bank has been testing the program in recent months to move U.S. dollars for about 2,200 clients between the two financial centers using a version of the “blockchain” technology that underpins bitcoin..."
  • Mastercard Is Expanding Its 'Selfie Pay' Capabilities - Fortune - "When making a purchase online from a merchant that requires identity verification, cardholders can authorize the transaction by holding up their phones as if taking a selfie and blinking..."
  • Getting Rid of Big Currency Notes Could Help Fight Crime - New York Times - "Getting rid of big bills will make it harder for criminals to do business and make it easier for law enforcement to detect illicit activity."
  • Reserve Bank says Australian dollars could come in digital form in future - Sydney Morning Herald - "In a speech where he also flagged the end of the cheque, Mr Richards said the RBA had been watching the growth in demand for privately-established virtual currencies like Bitcoin, and believed there was a place for a central-bank-issued digital currency in Australia."
  • The Ongoing Evolution of the Australian Payments System - Reserve Bank of Australia (Tony Richards) - "Today's conference is on payments innovation and I would like to speak about some ways that our payments system is evolving, both in terms of some innovative new payment instruments that are on their way and the declining use of some of our older or legacy payment instruments."
  • UK FinTech: Regulating for innovation - FCA (Christopher Woolard) - "How can regulation foster innovation in financial services? And as part of that how can we ensure that we have a regulatory environment fit for future innovation?"

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!

January 25, 2016

Headline News from PaymentsNews.com - January 25, 2016

ON THE WEB

  • Battle Between Signature & PIN Rages On - TMG Group Blog - "Regarding EMV chip credit cards at the point-of-sale, the argument over signature vs. PIN isn’t likely to be resolved anytime soon, as there are pros and cons for each."
  • Digital Asset Holdings: Moving Hyperledger to the Linux Foundation - Digital Asset Holdings Blog - "Digital Asset’s Hyperledger implementation is an enterprise-ready blockchain server with a client API. Hyperledger has a modular architecture and configurable protocol properties. Hyperledger employs an append-only log of financial transactions designed to be replicated at multiple organizations without centralized control."

ON THE WIRES

  • New DTCC White Paper Calls for Leveraging Distributed Ledger Technology to Solve Certain Long-Standing Operational Challenges - "The industry has a once-in-a-generation opportunity to reimagine and modernize its infrastructure to resolve long-standing operational challenges," said Michael Bodson, President and CEO at DTCC. "To realize the potential of distributed ledger technology in a responsible manner and to avoid a disconnected maze of siloed solutions, the industry must work together in a coordinated fashion."
  • U.S. Bank Repositions Brand, Launches “The Power of Possible” - “From 19th century pioneers to 21st century entrepreneurs, U.S. Bank has always focused on helping customers achieve financial success and security,” said Richard Davis, chairman and chief executive officer of U.S. Bancorp. “Since the day we opened our doors, our employees have been passionately making possible happen for our customers, communities, and each other. Today we are formalizing it by introducing the Power of Possible.”
  • JCBI to Issue the First Virtual Card with CITIC in China - Kimihisa Imada, Deputy President of JCBI said, "Online shopping by Chinese consumers has been growing remarkably and now it's essential for shopping in daily life. On the other hand, that means the customer needs even better security. Virtual cards minimize the risk of card information being stolen and help prevent fraud. One of our most important missions is to provide a secure payment environment, and we will continue to work on doing that in cooperation with CITIC and other partner financial institutions in international markets."
  • Discover it® Secured Credit Card Helps Consumers Build or Rebuild Their Credit with Responsible Use - "The Discover it Secured Credit Card requires applicants to provide a security deposit, which Discover holds as collateral. After one year as a cardmember, Discover will begin to review Secured Credit Card accounts each month to see if cardmembers can transition to an account that does not require a security deposit."
  • CPI Card Group Joins the FIDO Alliance, Advocates for Worldwide Authentication Standards - “The decision to join the FIDO Alliance was born out of our vision to deliver world-class customer experiences through our technology, spanning smart payment card manufacturing to mobile payments services,” said Steve Montross, CEO of CPI Card Group. “As active stewards of consumer privacy and protection, our company is proud to join like-minded organizations to pool our resources to create safer transaction and computing environments for all.

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 19, 2016

Headline News from PaymentsNews.com - January 19, 2016

ON THE WEB

  • The Really Big Questions in Payments - PaymentsViews.com (Carol Coye Benson) - "Glenbrook’s Allen Weinberg wrote a few weeks ago about his view of the Grand Challenges in payments…. a daunting list, and one I agree with. But I want to extend his discussion on one of his challenges: “Realigned value chain economics in a push payment world”, and add two more: “What is the proper role for government in the issuance of money?” and “Who owns the payment address?”"
  • As More Pay by Smartphone, Banks Scramble to Keep Up - New York Times - "If the banks fail to meet the challenge, Brian Moynihan, the chief executive of Bank of America, warned in November, “it may allow part of our industry to be forever taken away from us.”"
  • Cash still king for many consumers - Chain Store Age - "While more than half (57%) of Millennials reported using a greater variety of payment methods than before, nearly half (45%) of that group also said that they’re more likely to pay more with cash now than they did a few years ago."
  • Keep Calm and Bitcoin On - Medium (Valery Vavilov) - “Visa and PayPal already exist, and within national borders they do what they do quite well. It’s silly to try to turn Bitcoin into yet another Visa and PayPal.”
  • Intel Launches Skylake vPro with Intel Authenticate - AnandTech - "Intel is launching Intel Authenticate today, and it will require a 6th generation Intel Core processor with vPro. Authenticate will combine several factors of authentication into a single login, which, in theory, should be easier for the end user as well."

ON THE WIRES

  • Sam’s Club to Accept Visa Credit Cards - “Sam’s Club is the eighth largest retailer in the U.S. and we are thrilled to open up Visa credit acceptance in their more than 650 clubs across the U.S. and Puerto Rico,” said Ramón Martín, senior vice president, merchant solutions, Visa Inc.
  • American Express OPEN Launches No Annual Fee SimplyCash® Plus Business Credit Card - "American Express OPEN today announced the launch of the no annual feei SimplyCash® Plus Business Credit Card, which for the first time offers small businesses greater buying power traditionally found on a charge cardii, while also providing more opportunities to earn cash back from a larger list of business expense categories."
  • More than 100 FIDO Certified Products Fuel Global Adoption of FIDO Strong Authentication - “This explosion of FIDO Certified products and adoption numbers confirm industry-wide endorsement of FIDO as the new strong authentication technology standard,” said Brett McDowell, executive director of the FIDO Alliance. “This increasing availability of FIDO Certified solutions creates an unprecedented opportunity for organizations to implement simple, usable and strong authentication and better protect customers, employees and data from the risks of data breaches, hacking and identity theft.”
  • BitGo Eliminates Bitcoin Transaction Delays With Launch of BitGo Instant - "BitGo Inc. is today announcing the launch of BitGo Instant, the world’s first way to safely receive zero-confirm Bitcoin transactions with a full financial guarantee."

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 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!

November 20, 2015

Headline News from PaymentsNews.com - November 20, 2015

What I'm Reading

  • This week your editor has been enjoying reading Sapiens: A Brief History of Humankind by Yuval Noah Harari.
  • Sapiens is a fascinating story about humanity on earth that I'm really enjoying reading. While not directly related to payments or fintech, it provides lots of insights into human behavior! From the description: "One hundred thousand years ago, at least six different species of humans inhabited Earth. Yet today there is only one—homo sapiens. What happened to the others? And what may happen to us?"
  • How about you? What are you reading? Drop me a quick note and tell me about it: editor@paymentsnews.com

On the Web

  • Introducing the Shift Card - Coinbase Blog - "The Shift Card is a VISA debit card that currently allows Coinbase users in twenty-four states in the U.S. to spend bitcoin online and offline at over 38 million merchants worldwide."
  • Fewer Digital Wallet Users Are Making Payments - eMarketer - "Digital wallet adoption is increasing in the US, but some common tasks such as making a payment or receiving money are actually becoming less common among users of such services, per September 2015 data."

On the Wires

  • Starwood Notifies Customers of Malware Intrusion - "Starwood Hotels & Resorts Worldwide, Inc. announced today that the point of sale systems of a limited number of its hotels in North America were infected with malware, enabling unauthorized parties to access payment card data of some customers."
  • Holiday Retail Sales Driven by Confident Shoppers with More to Spend and More to Buy, Synchrony Financial Study Finds - "Nearly half (47%) of those surveyed indicate they are more confident in their financial situation than last year (37%), and 48% plan to start their holiday shopping earlier this year. Improved finances and larger gift lists are cited as reasons that 32% of shoppers surveyed plan to spend more this season than last season, up from 21% in 2014. "
  • Wells Fargo Predicts Rise in Spending Heading into Black Friday - “Economic conditions and consumer confidence continue to improve as we head into the holiday shopping season,” said economist Michael Brown who co-authored the report with senior economist Eugenio Aleman, both part of Wells Fargo Securities Economics. “The National Retail Federation’s holiday spending survey found that the average holiday shopper is expected to spend 0.4 percent more per person than they did last year.”
  • Cardlytics Releases Holiday Consumer Spending Report - “As more consumers spend their holiday budgets closer to Christmas, the challenge for retailers is to engage shoppers at every opportunity,” said Dani Cushion, Chief Marketing Officer, Cardlytics. “Retailers should plan accordingly and adjust their strategy to offer variety in their deals, specifically targeted to each shopper profile throughout the holiday season.”
  • FIDO Authentication Poised for Continued Growth as Alliance Submits FIDO 2.0 Web API to W3C - "To carry this momentum into 2016, the FIDO Alliance today submitted to the World Wide Web Consortium (W3C), the international standards organization for the World Wide Web, a set of three technical specifications required to define a standard Web-based API designed to increase FIDO’s existing desktop, Chrome, Android and iOS reach to support other platforms."

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!

October 27, 2015

Headline News from PaymentsNews.com - October 27, 2015

On the Web

On the Wires

  • MasterCard and Cardlytics Partner to Deliver an Integrated Card-Linked Loyalty Program for Banks of All Sizes - "MasterCard and Cardlytics today announced an agreement to deliver targeted card-linked services to US banks of all sizes. The new partnership will match Cardlytics card-linked marketing solutions and advertising expertise with MasterCard’s bank partners and its offers and rewards platform to deliver a solution that is unsurpassed in the loyalty business."
  • FIS and The Clearing House Team to Execute a Ubiquitous Real-Time Payment System for the U.S. - "As a global leader in the payments industry, we are proud to join this critical initiative to deliver a game changing real-time payments ecosystem to the U.S. marketplace,” said Nancy Langer, chief product officer, FIS. “We have long invested in delivering real-time money movement capabilities to our clients and view this partnership as an extension of our strategy to disrupt the status quo and empower our clients through new payment paradigms.”
  • Affirm Announces Omnichannel Installment Payment Products for Telesales and Physical Stores - “Our new telesales and in-store payment products help strengthen Affirm’s omnichannel presence,” said Levchin. “Installments are much more than just a way to defer payment temporarily. We now have sufficient data that shows they help merchants boost sales and help consumers, who may not have credit cards or choose not to use them, pay for their online and in-store purchases in a way that best matches their monthly budgets.”
  • Marqeta Adds Leading FinTech and Commerce Brands to Its Payment Innovation Platform; Closes $25 Million Series C Round - "Today, at Money20/20 2015, Marqeta, the Open API issuer processor platform, announced a host of new marquee customers, including Affirm, DoorDash, HyperWallet and Kabbage, alongside known customers such as Facebook, Bento for Business and Perk. Marqeta also confirmed closing a $25 million Series C round."
  • InAuth Launches Game-Changing Device Reputation Network, InExchange - “This is a definite game-changer in the industry”, said InAuth CEO, Lisa Stanton. “Our ability to utilize device identification technology to create a network that enables protection from even the first instance of fraud is unique to only InAuth. Participating in InExchange is a win-win for both consumers and businesses. Consumers want to be able to do more with their mobile without any unnecessary friction, and businesses want to protect their brand and bottom line from fraud losses.”
  • Samsung Pay Advantage Significantly Expands Mobile Payment Merchant Acceptance and Drives Consumer Adoption - "After one month, the numbers say it all: Consumers who have used Samsung Pay are using it repeatedly because it works almost anywhere you can swipe or tap a card," said Thomas Ko, global co-general manager of Samsung Pay. “We’re thrilled to introduce new partners that will build on our early success, and move us even closer to a world in which your mobile phone is a true mobile wallet."
  • Blackhawk Network Announces Partnership to Integrate Gift Cards Into Samsung Pay - "We are thrilled to complement Samsung Pay's groundbreaking mobile payment technology with the upcoming integration of gift cards into the application," said Talbott Roche, president of Blackhawk Network. "Consumers often have several gift cards at any given time, and the ability to integrate them into a single mobile payment solution, coupled with Samsung Pay's unique MST technology allowing for convenient redemption, is expected to provide a value add to Samsung Pay users."
  • BlockCypher Assets API Enables Any Asset on the Blockchain in Only One Step - "With one simple API call, an organization can now issue any asset as custom digital tokens (colored coins) and transfer them securely using the blockchain. “Colored coins” is a term that describes a class of methods for representing and managing real-world assets on the blockchain."
  • FIS Helps Accelerate Acceptance of Mobile Payments at the Pump - "FIS today announced a technology agreement with SAP (NYSE: SAP), in which FIS will integrate the FIS Mobile Payment Enablement Gateway solution with SAP® Vehicles Network running on SAP HANA® Cloud Platform."
  • New GSMA Report Sees North America Leading Global Adoption of New Mobile Technologies - “The North American mobile industry has been the strongest performing of any developed region globally for some time, characterised by substantial subscriber growth, the early adoption of new technologies, high levels of mobile usage and strong revenue trends,” said Michael O’Hara, Chief Marketing Officer, GSMA.

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!

October 22, 2015

Headline News from PaymentsNews.com - October 22, 2015

On the Web

On the Wires

  • Introducing Verifone Engage, the Future of Connected Payment Devices - "Verifone Engage is the company’s first-ever, fully-integrated, Linux-based product family, encompassing a complete range of payment solutions for merchants, acquirers, and service providers. It is the result of a new strategy at Verifone to bring unique value to the POS and the consumer experience with intuitive, connected and commerce-enabled solutions."
  • Poynt Announces $28 Million in Funding As It Prepares to Ship the World's First Smart Terminal - “Poynt is one of those rare companies that is aligned with the interests and needs of all parties in its ecosystem; it solves multiple merchant, bank, developer, and consumer problems with stellar technology and design, and it benefits from impeccable timing. What Poynt has been able to accomplish, building both hardware and software in the notoriously challenging payments space, is simply incredible.”

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!

October 20, 2015

Headline News from PaymentsNews.com - October 20, 2015

On the Web

  • Remote Order and Pay - Medium (Scott Loftesness) - "Way back in the early 2000’s I was a board member of Ontain — a startup focused on remote order and pay."

On the Wires

  • Chase Doubles Up on Rewards: Marriott Rewards and United MileagePlus Credit Cards from Chase Join Forces for the First Time - "Between November 1 and November 30, 2015, Marriott Rewards Premier cardholders will earn double points on purchases with United® and eligible United MileagePlus Explorer, Club and Presidential Plus cardholders will earn double miles on purchases at Marriott® properties."
  • Fifth Third Bank Launching New Mobile App for Commercial Cards - “Fifth Third’s commercial card mobile app can improve the ease in which our commercial card clients and their employees conduct business, allowing them to focus more effort and time on driving results to their bottom line.”
  • Early Warning Introduces the Authentify Platform - “The Authentify Platform addresses the multi-dimensional challenge of payments’ risk. It brings together multiple modes of authentication – all sitting on top of a bank consortium model that is powered by shared intelligence – to simplify risk-managed authentication while strengthening accuracy and speed to optimize the consumer experience."
  • NAFCU: EMV Chip-Card Transition Is Not Silver Bullet, Cybersecurity and Consumer Protection Require Multi-Tiered Approach - "Specifically, NAFCU supports Sens. Tom Carper, D-Del., and Roy Blunt, R-Mo., bipartisan measure, S. 961, the “Data Security Act of 2015,” and the companion House bill introduced by Rep. Randy Neugebauer, R-Texas, and Rep. John Carney, D-Del., H.R. 2205, which would set a national data security standard for retailers akin to GLBA while acknowledging financial institutions’ existing adherence to GLBA standards."
  • CyberSource Brings Real-Time Fraud Analytics to Merchants - “Merchants create rules and parameters in their fraud management systems that determine whether a transaction is accepted or denied, based on risk levels,” said Andre Machicao, senior vice president, CyberSource, a Visa Inc. company. “In some cases, the parameters they set might be overly cautious, causing them to lose legitimate, safe business unnecessarily. CyberSource’s new capability allows merchants to back test prior transactions to see what would have happened if they had set different rules.”
  • Seamless Distribution AB: New SEQR Service: International Remittance and Payments – Offering Money Transfers between Countries Free of Charge - “Demand for international transfers is constantly growing as people’s lives become increasingly global. But established payment agencies charge high fees, making money transfers expensive. SEQR can offer a highly competitive and simple alternative - something we’re convinced many people will appreciate,” says Peter Fredell, CEO of Seamless. “This service is an important part of our international expansion.”
  • Discover Financial Services Joins Banking Industry Architecture Network - "Discover Financial Services recently joined the Banking Industry Architecture Network, a not-for-profit industry standards association, to leverage a banking-industry-specific framework and standard messaging to speed the delivery of new products and services."

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!

October 16, 2015

Headline News from PaymentsNews.com - October 16, 2015

What I'm Reading...

  • This weekend your editor will be reading Superforecasting: The Art and Science of Prediction by Wharton professor Philip Tetlock and coauthor Dan Gardner. From the book's description: "Superforecasting offers the first demonstrably effective way to improve our ability to predict the future—whether in business, finance, politics, international affairs, or daily life—and is destined to become a modern classic."
  • How about you? What are you reading? Drop me a quick note and tell me about it: editor@paymentsnews.com

On the Web

  • How Bad Will It Get for American Express? - Bloomberg - "Costco’s costs to accept credit cards as part of its deal with Amex was about 0.6 percent of every purchase, people familiar with the arrangements say, which was pretty cheap for any retailer, but Chenault offered to cut them further."
  • Worldpay IPO: Putting a Value on Fintech’s Future - Wall St. Journal - "Investors in the IPO seem to be pricing Worldpay on profitability before the ongoing costs of building its own better systems, which it has been doing since being bought from RBS by private equity groups, Advent International and Bain Capital."
  • FBI EMV gaffe is the latest setback for payments security - Computerworld - "What the FBI said is that PIN is far more secure—which is without debate—and it encouraged shoppers to use a PIN instead of signature. Therein lay the problem."
  • The Numbers Behind Square's Payment Business - " In 2014, the company processed payments worth $23.8 billion, generating revenue of $850 million. As many other companies in the late startup stage, Square has yet to become profitable, having posted a net loss of $154 million in 2014."

On the Wires

  • Barclaycard US And Priceline.com Extend Long-Term Partnership Agreement - "The priceline.com rewards Visa card provides us with another way to reward our customers for their loyalty and offers incremental value for everyday purchases," said Ben Harrell, Senior Vice President at priceline.com. "We are pleased to continue our ongoing relationship with Barclaycard as a benefit to our customers."
  • Daon and USAA Reach 1 Million Enrollments in Mobile Biometric Authentication - "USAA is very excited with the advanced rate of biometrics adoption we have seen," said Rick Swenson, assistant vice president of enterprise financial crimes management strategy and analytics. "Reaching the milestone of 1 million enrollments is a strong testament of our members' preference to use a biometric when authenticating."
  • Synchrony Financial Reports Third Quarter Net Earnings of $574 Million or $0.69 Per Diluted Share - “The approval we received from the Federal Reserve is a major milestone in our journey towards being a fully independent company. The third quarter marked another period of strong performance with the signing or renewal of several significant partnerships, continued advancement of our mobile wallet strategy, solid financial results, and ongoing deposit growth through our fast-growing online bank,” said Margaret Keane, President and Chief Executive Officer of Synchrony Financial.

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!

October 13, 2015

Headline News from PaymentsNews.com - October 13, 2015

On the Web

On the Wires

  • PayPal Announces “Return Shipping on Us” in the U.S. to Make Online Shopping Easier This Holiday Season - "Today, PayPal announced the expansion of Return Shipping on Us, a service that refunds return shipping costs to consumers on eligible online purchases using PayPal from around the globe. The service will now be available to PayPal users in the United States, in addition to the nearly 40 markets in which it already exists."
  • IDology Announces Strategic Equity Investment in Payfone and Launch of ExpectID Mobile to Enhance Mobile Security and Ease of Use - "IDology is an excellent strategic partner for Payfone as we continue to develop solutions that help businesses fight mobile fraud," said Rodger Desai, chief executive officer of Payfone. "Payfone already exclusively serves as a critical ingredient to the bank consortium that helps traditional banks and FSOs fight fraud, with this new partnership, we are excited to bring capabilities to additional markets such alternative finance and payment gateways, healthcare, medical and retail through IDology."
  • Synchrony Financial Extends PayPal and eBay Consumer Credit Card Programs - “We are pleased to deepen our relationship with these dynamic businesses and continue to meet the evolving needs of PayPal and eBay cardholders for convenient and safe payment solutions and valuable rewards,” said Tom Quindlen, executive vice president and CEO, Retail Cards, Synchrony Financial. “PayPal is at the forefront of digital payments and we look forward to building on our decade of adding greater value and simplicity to cardholder transactions.”
  • Survey Finds Millennials Confident, Yet Chronically Stressed About Money - "A new Bank of America/USA TODAY Better Money Habits Millennial Report released today finds that while 84 percent of millennials are confident in their ability to manage their finances, 41 percent are “chronically stressed” about money."

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!

October 12, 2015

Headline News from PaymentsNews.com - October 12, 2015

On the Web

On the Wires

  • Financial market infrastructures rally around ISO 20022 harmonisation plan - "The Australian Securities Exchange (ASX), Bank of Canada, Clearstream, Canadian Payments Association (CPA), CLS, Euroclear, Hong Kong Interbank Clearing (HKICL), Russia’s National Settlement Depository (NSD), Southern African Development Community (SADC), VP Securities Denmark and ACH Colombia are amongst the first to commit to the plan for an industry designed framework for ISO 20022 implementation."
  • SWIFT unveils expansion of its financial crime compliance services portfolio - "Sanctions list management will enable financial institutions to access, manage and customise multiple sanctions list feeds on a secure, SWIFT-hosted platform. A new Payments data quality assurance service will help banks evaluate the quality of originator and beneficiary information in the SWIFT messages they send or receive. In addition, SWIFT will continue to expand its Know Your Customer (KYC) offering."
  • SWIFT to deliver a 57% price reduction by the end of 2015 - "This is a reflection of SWIFT's commitment to the banking community," says SWIFT Chairman Yawar Shah. "The co-operative reached its price reduction commitment at the end of 2014, one year ahead of schedule, but maintained the programme, yielding a much higher reduction rate than expected. I congratulate SWIFT for this effort and look forward to the additional price cuts the community will reap over the next five years."

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!

September 15, 2015

Headline News from PaymentsNews.com - September 15, 2015

On the Web:

  • India – A Good Approach for Financial Inclusion - PaymentsViews.com (Carol Coye Benson) - "My progressive friends in the U.S. are appalled by this central, government-controlled identity system. They see only threats to individual control over identity. I recognize this as a challenge, and I doubt that this type of system will find a home any time soon in the developed world."
  • Global Investment Banks Back Blockchain Initiative - CoinDesk - "Nine major investment banks including J.P. Morgan Chase and Goldman Sachs have partnered with distributed ledger startup R3CEV."

On the Wires:

  • Visa Introduces EMV Chip-based Biometrics - “There is increasing demand for biometrics as a more convenient and secure alternative to signatures or PINs, especially as biometrics technologies have become more reliable and available,” said Mark Nelsen, senior vice president of Risk Products and Business Intelligence, Visa Inc. “However, to support wide adoption, it is equally important that solutions are scalable and based on open standards. Building on the EMV chip standard provides a common, interoperable foundation, as well as encourages innovation in cutting-edge biometric solutions.”
  • Bank of America Introduces Fingerprint and Touch ID Sign-in for Its Mobile Banking App - The new updates include the introduction of fingerprint and Touch ID sign-in, in addition to the launch of an Apple Watch mobile banking app, streamlined “Accounts Overview” page and new Security Center for more than 31 million active digital banking customers.
  • SecureKey Ushers in New Era of Convenience, Security and Privacy for Accessing Online Services in the United States - “SecureKey’s consumer-oriented ID network enables stronger digital identities, eliminating many of the challenges currently associated with accessing online services,” said Dominic Venturo, EVP and Chief Innovation Officer at U.S. Bank. “We look forward to collaborating with SecureKey to grow this ecosystem of trusted credentials for the benefit of our customers nationwide.”

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!

September 09, 2015

Headline News from PaymentsNews.com - September 9, 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!

September 02, 2015

Headline News from PaymentsNews.com - September 2, 2015

On the Web:

On the Wires:

  • Former Visa CEO Joins Kash - "I doubt there are more than a handful of people who know as much about payments in the US as Joe Saunders. He was the CEO of Fleet Credit Card Services, CEO of Providian, and President of Card Services at Washington Mutual. He is joining Kash as the Chairman of our Board."
  • FDIC-Insured Institutions Earn $43 Billion in Second Quarter 2015 - "Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $43.0 billion in the second quarter of 2015, up $2.9 billion (7.3 percent) from a year earlier and the highest quarterly income on record. The increase in earnings was mainly attributable to a $3.6 billion rise in net operating revenue (net interest income plus total noninterest income). Financial results for the second quarter of 2015 are included in the FDIC's latest Quarterly Banking Profile released today."
  • Banking with the “Bat of an Eye”: First Internet Bank Offers Eyeprint ID Technology for Mobile Banking Access - “Eyeprint ID is the latest demonstration of First Internet Bank’s commitment to customer-centric digital banking,” said David Becker, President and CEO. “Eyeprint ID comes quickly after our introduction of Touch ID authentication earlier this year, which enables customers to log in with a fingerprint. Biometric technology allows us to provide innovative solutions to our customers’ need for secure, convenient account access.”
  • Shopkick Blows Past 15 Million Users, Doubles in One Year - “If you stacked all of the gift cards that users have received from shopkick, the pile would be 18 Empire State Buildings, or over four miles, high. That’s 15 billion Kicks, or $60 million, that we’ve rewarded to shopkick users just for shopping how they want to shop,” said Cyriac Roeding, co-founder and CEO of shopkick.
  • Xoom Launches Money Transfer Service to Singapore - “We are so excited to offer our money transfer services to customers with family and friends in Singapore,” said Iain Allison, Vice President of Business Development at Xoom. “We look forward to delivering convenient, safe, and economic service to the Singapore market."

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!

August 25, 2015

Headline News from PaymentsNews.com - August 25, 2015

On the Web:

  • Inside the Fight Over Bitcoin’s Future - New Yorker - "A terrific rumpus broke out in the world of Bitcoin last week, when veteran developers Gavin Andresen and Mike Hearn published Bitcoin XT, a competing version of Bitcoin Core, the open-source program that generates new bitcoins, verifies all transactions, and records them on the massive distributed ledger known as the blockchain."
  • The FTC Has the Authority to Enforce Data Security: FTC v. Wyndham Worldwide Corp. - TeachPrivacy - "This is a very important case. The FTC achieved a huge win in this case, preserving its power to regulate data security (and privacy by implication). The FTC strengthened its power, as its victory in this case was a strong one, making clear that the FTC has broad authority to enforce to protect data security. "

On the Wires:

  • Apriva and Global Payments Sign Agreement to Provide Secure, EMV Mobile POS Solutions to U.S. Merchants - “Mobile payments are increasingly crucial in today’s market. Merchants that haven’t embraced a mobile solution risk missing out on users who expect to be able to pay with their mobile device as well as via traditional methods,” said Frank T. Young, SVP, Global Product and Innovation at Global Payments. “AprivaPay Plus complements our existing suite of mobile solutions by giving our merchants the tools needed to offer a cutting-edge mobile solution, designed to provide the transaction security EMV affords.”
  • INSIDE Secure’s Award-Winning HCE Payment Solution Achieves Visa Ready Approval - “INSIDE Secure is extremely pleased to receive functional Visa Ready approval for MatrixHCE, one of the first mobile payment solutions for financial institutions,” said Martin Bergenwall, EVP of INSIDE Secure’s Mobile Security Division. “MatrixHCE not only meets the latest HCE standard, but it also incorporates potential future requirements including updatable whitebox cryptography to protect tokens, code and data.”
  • Nok Nok Labs Announces Second Closing of $16.25M Series C Financing to Fuel Global Expansion - "New strategic investors were added to the oversubscribed round, including DaouKiwoom Group from South Korea; DOCOMO Capital from Japan; and Thundersoft from China. The round also includes current investors DCM Ventures, Lenovo Group, ONSET Ventures and Raven Ventures and related affiliates."
  • Study Reveals Old-Fashioned Payments Processes Impact the Cost of Doing Business - "Through a survey of US and UK finance professionals, Currency Cloud found the US has a lot to learn from its UK counterparts when it comes to international payments, with nearly half (47 percent) of US businesses still relying on old-fashioned paper checks. In contrast, the majority of UK businesses (70 percent) make international payments electronically."
  • TSYS Executives Discuss Women’s Impact in Payments Industry - "TSYS today announced that Sarah Hartman, senior director of Consumer Payment Solutions, and Christina Hall, director of business development for Commercial Services, will speak at today’s annual Women in Payments® Symposium in Atlanta."

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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