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Bitcoin

Welcome to the News View for "Bitcoin".

Here, on these archive pages, you'll find all of the articles on Payments News for Bitcoin 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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March 05, 2015

Headline News from PaymentsNews.com - March 5, 2015

On the Web:

On the Wires:

Glenbrook's 2015 Payments Education Schedule Now Available!

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

March 04, 2015

Headline News from PaymentsNews.com - March 4, 2015

On the Web:

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

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

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

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

On the Wires:

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

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

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

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

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

Glenbrook's 2015 Payments Education Schedule Now Available!

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

March 03, 2015

Headline News from PaymentsNews.com - March 3, 2015

On the Web:

On the Wires:

  • Visa, Pizza Hut and Accenture Develop Connected Car Commerce Experience - “By 2020 it is estimated that more than 250 million vehicles worldwide will include some form of embedded connectivity1,” says Bill Gajda, senior vice president of Innovation and Strategic Partnerships, Visa Inc. “As the number of connected cars on the road increases, so does our ability to bring secure online commerce to consumers everywhere. We initially focused on a specific use case – ordering a meal on your way home – but we envision a world where consumers can seamlessly make many of their everyday purchases from the car.”
  • MasterCard and eTranzact Make it Easier for Millions of Nigerians to Receive Remittances - “For millions of Nigerians, the receipt of funds from friends and family is an important lifeline. HomeSend provides senders across the globe and the recipients in Nigeria with a convenient, safe, and cost effective money transfer channel,” says Omokehinde Ojomuyide, Vice President and Area Business Head for West Africa, MasterCard.
  • Elavon's Simplify Application Makes Payment Security for Mid-to-Large Size Businesses Simple - "Simplify is a software application that resides within a payment terminal that is integrated with a customer’s current POS or Property Management System (PMS). The application uses a layered approach to security that combines encryption, tokenization and EMV to mitigate vulnerabilities while cardholder data is in-transit, in-use and at-rest."
  • Stratos Launches First-To-Market Connected Payment Card, Shipping April 2015 - “Stratos exists to empower consumers to make smarter, more secure payment decisions – all with the benefit of consolidating the cards in their wallets,” said Thiago Olson, Co-Founder and CEO of Stratos. “Replacing the dumb plastic we carry every day, Stratos Card is connected hardware designed to improve how we pay with more security, better decisions and ease of use. Stratos is reinventing your wallet and cards just like the iPod and iTunes reinvented your CD collection.”

Glenbrook's 2015 Payments Education Schedule Now Available!

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

March 02, 2015

Headline News from PaymentsNews.com - March 2, 2015

On the Web:

On the Wires:

  • Costco Enters Into a Long Term Co-Brand Credit Card Agreement With Citi and an Acceptance and Co-Brand Agreement With Visa - "Under the terms of the agreements, Citi, the world's largest issuer of consumer credit cards, would become the exclusive issuer of Costco's co-brand credit cards and Visa will replace American Express as the credit card network for Costco in the United States and Puerto Rico beginning April 1, 2016."

  • Visa and Samsung Bring Mobile Payments to the New Samsung Galaxy S6 - “Working in partnership with Samsung, we are able to bring secure mobile payments to millions of consumers around the world,” said Ryan McInerney, global president, Visa Inc. “Combining Visa’s expertise in payment technology with Samsung’s global leadership in creating innovative mobile experiences gives more choice to financial institutions who want to enable their customers to pay with the new generation of mobile devices.”

  • MasterCard Works with Samsung to Deliver Samsung Pay - “This is an exciting time for payments,” said Ed McLaughlin, chief emerging payments officer, MasterCard. “As consumers are increasingly relying on their mobile devices in their everyday lives, we are excited to work with an industry leader like Samsung to deliver new payment options to our cardholders around the world. We have been a pioneer of mobile commerce innovation for years and together we’re delivering a digital payment experience that is both simple and secure.”

  • U.S. Bank, Samsung Working on New Mobile-Payments Service - “We're thrilled to have payments become a core capability of the mobile phone,” said Pam Joseph, vice chairman and head of U.S. Bank Payment Services. “The result of mobile payments is that our customers can use the same, familiar credit-card payment system but with added security and convenience.”

  • Synchrony Financial Enables Private Label Credit Card Benefits Through the Samsung Pay Secure Mobile Wallet - “This fits perfectly into our mobile wallet strategy to build, partner and invest in the latest technologies to benefit our customers and our partners,” said Margaret Keane, President and CEO of Synchrony Financial. “We continue to make our cards valuable to consumers, retailers and merchants and are pleased to expand our capabilities to securely offer private label credit card benefits through this mobile payment solution.”

  • Visa and Airtel Extend Mobile Payments to Seven African Countries - “Mobile payments can transform the lives of people throughout Africa who commonly have access to a mobile phone, but not a bank,” said Vish Sowani, Vice President of MNO Partnerships for Visa. “For most new subscribers, this will represent their first payment account and bring some of the latest digital payment advancements into the everyday experiences of Airtel’s customers.”

  • Announcing Bango Grid: The Global Launch Pad for Carrier Billing - Ray Anderson, Bango CEO said: “There are more than 700 MNOs globally, with different billing systems. It is no surprise that even the most ambitious app stores have not yet achieved 100 MNO activations. Bango Grid is rocket fuel for app stores, providing the only way to increase carrier billing activations at scale. For the first time, the tools required to activate hundreds of markets are all in one place, through one integrated system. Backed-up by the Bango Payments Platform, app stores can now make carrier-billed payment a reality for every customer."

  • MasterCard Reveals Consumer Sentiment on Payments Evolves from “Why Mobile?” to “What’s Next?” in 24 Months - "According to the latest MasterCard research, consumers have shifted their focus from questioning the security of mobile payments to now discussing the possibilities of enhanced digital experiences on devices."

  • MasterCard and Cubic to Make Mobile Devices the Remote Control for Global Cities - “MasterCard and Cubic, both lead members in the Smart Cities Council, share a vision to improve quality of life for everyday citizens in cities and help authorities to better manage population growth and urban development,” said Will Judge, head of Urban Mobility, MasterCard Enterprise Partnerships. “Combining our expertise and reach allows us to ultimately drive greater value and make consumers’ lives easier and more enjoyable as they travel around and between connected cities.”

  • ACI Worldwide and STS PayOne Partner to Provide ePayment and Fraud Prevention Services to the Middle East - Commenting on the partnership, Mr. Janti Abdallah, STS PayOne General Manager, said: “We strive to offer the best ePayment solutions to our clients, which includes providing the highest levels of security and fraud prevention. We were among the first to adopt and promote 3D Secure in the region, in addition to PKI and SSL encryption, not to mention achieving PCI-DSS compliance. The partnership with ACI Worldwide is in line with this eagerness to adopt best practices in fraud prevention and sustain our distinction and innovation.”

  • Intel Launches New Mobile SoCs, LTE Solution - “The evolution of the mobile landscape and growth of smart, connected devices has led to increased demand for more connectivity and real-time, protected data on those devices,” said Krzanich. “All of these factors are driving a transformation of the network to accelerate the delivery of new personal computing experiences, services and capabilities in a safe and secure manner. Intel is one of the only companies in the world that can provide solutions end-to-end for the full spectrum of mobility.”

  • NXP Launches New Secure Service Development Platform for Secure Mobile Transactions - “The SSDP supports partners wanting to create new secure applications by removing the technical challenges they face in getting credentials on to the secure element in phones and wearable devices. Now, instead of taking months, new applications can be created and validated in a matter of weeks,” said Jeff Miles, VP Business Development, NXP Semiconductors. “The SSDP will streamline the process for the development community therefore enabling phone and wearable technology manufacturers to bring these new apps to market faster.”

  • Raise Welcomes Gift Card Pioneer Don Kingsborough to Board of Directors - “Don has had a career full of incredible successes, and the role he played in cementing gift cards as a shopping staple has really set the stage for what we do at Raise,” said George Bousis, founder and CEO of Raise. “He's seen everything on all sides of the spectrum and will be a valued advisor to the company as we rely on his unparalleled experience and know-how to help manage growth, expectations, hiring, infrastructure and more."

  • SecureKey Announces $19M in New Funding to Broaden Adoption of Its Identity Network Services - “SecureKey allows organizations to build or subscribe to an identity network that connects consumers to online services via a trusted third-party credential of their choice, where both privacy and security are paramount,” said Charles Walton, CEO of SecureKey. “The funding will help SecureKey accelerate its growth, as people, governments, and organizations worldwide embrace a future that removes the burden of passwords while giving consumers the convenience, choice, and control they deserve.”

Glenbrook's 2015 Payments Education Schedule Now Available!

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

February 27, 2015

Headline News from PaymentsNews.com - February 27, 2015

On the Web:

On the Wires:

  • Visa to Acquire TrialPay - "As a payments technology partner to merchants globally, Visa will integrate TrialPay into its product portfolio as a simple, cost-effective way to help merchants acquire customers, drive traffic, and increase sales by reaching Visa cardholders with targeted offers."
  • CaixaBank develops new biometrics-based financial services - "CaixaBank launches the first application in Europe to support online banking transactions using voice commands. This represents the bank’s first service to explore the possibilities offered by biometrics to enhance customer interaction with banking channels."
  • American Express Adds New Benefits to Premier Rewards Gold Card - “We’re making one of our most popular cards even better. This latest investment for our Premier Rewards Gold Card Members is designed to deepen our relationship by providing more value in the areas they spend most -- from everyday spending on things like gas and groceries, to dining and larger travel purchases,” said Lisa Durocher, SVP, Consumer Charge Cards & Benefits at American Express.

Glenbrook's 2015 Payments Education Schedule Now Available!

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

February 25, 2015

Headline News from PaymentsNews.com - February 25, 2015

On the Web:

On the Wires:

Glenbrook's 2015 Payments Education Schedule Now Available!

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

February 23, 2015

Headline News from PaymentsNews.com - February 23, 2015

Glenbrook Meetup in Chicago - Wednesday, Feb 25

On the Web:

  • The Slow, Steady March Towards Digital Money - Wall St. Journal CIO Report (Irving Wladawsky-Berger) - "On January 27, Citi and Imperial College held their third annual Digital Money Symposium in London. As in previous years, the Symposium convened a group of leaders in their field to explore the state of adoption of digital money and its economic and societal impacts around the world."
  • How Technology Is Tricking You Into Tipping More - TechCrunch - "Digital payment systems use subtle tactics to increase tips, and while it’s certainly good for hard-working service workers, it may not be so good for your wallet."
  • Green Dot is targeting the 'unhappily banked' for its prepaid cards - Los Angeles Times - Streit said Green Dot targets people who are "unhappily banked, meaning you have a checking account somewhere and you just don't like it."
  • Visa research shows Australians set to embrace paying with their phones - News.com.au - "The Visa research shows that nearly two thirds of all face-to-face Visa transactions use payWave, compared with just 14.7 per cent in Canada and 21.5 per cent in Singapore."
  • Apple Pay seems to be growing well - Finer Things in Tech - "First is the list of retailers from the Apple Pay website, unveiled alongside the iPhone 6 announcement in September 2014. Next is the most updated list as of February 21, 2015."

On the Wires:

Glenbrook's 2015 Payments Education Schedule Now Available!

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

February 20, 2015

Headline News from PaymentsNews.com - February 20, 2015

Glenbrook Meetup in Chicago - Wednesday, Feb 25

On the Web:

On the Wires:

Glenbrook's 2015 Payments Education Schedule Now Available!

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

February 19, 2015

Headline News from PaymentsNews.com - February 19, 2015

Glenbrook Meetup in Chicago - Wednesday, Feb 25

On the Web:

  • American Express Loses Antitrust Suit Over Merchant Rules - Bloomberg - "AmEx failed to show that its so-called non-discrimination provisions, imposed on merchants who agree to accept its card, don’t harm competition, U.S. District Judge Nicholas Garaufis in Brooklyn said in his ruling Thursday."
  • Visa Reaches Deal with Russia Over Payment System - Wall St. Journal - "Visa Inc. will transfer the processing of transactions made on its cards in Russia to a local payment system, Russia’s central bank and the company said Thursday."
  • Why Slow Electronic Payments Can Cause Cash Flow Problems - NPR Morning Edition - "In a recent speech to bankers, Richard Cordray, who heads the Consumer Financial Protection Bureau, said roughly half of all bank fees could be attributed to a slow payment system."
  • NPCI launches Unified Payments Interface - Livemint - "Any kind of payment, including for shopping and paying taxi fares, can be done using an application downloaded on a smartphone once all banks adopt the system. The pilot project will be launched in about four-five months, managing director and chief executive officer A.P. Hota said."
  • Stanford DFJ Entrepreneurial Thought Leaders Series: Putting Startup Success in Perspective - John Collison (Stripe) - "John Collison, co-founder and president of the online payment system Stripe, explains how even the most celebrated startups repeatedly encountered uncertainty and failures along the way. In conversation with Stanford Professor of the Practice Tina Seelig, Collison shares his thoughts on how a venture's path can evolve after its early days, even as the vision holds constant."
  • Heartland’s Decision to Wind Down Leaf Throws Spotlight on Tablet Software - Digital Transactions - "Meanwhile, some observers say the decision to wind down Leaf could be an early indicator that the 5-year-old tablet point-of-sale market is undergoing a shakeout."
  • American Express Will Debut ‘Inspiring’ Celebrity Ads at Oscars - Wall St. Journal - "The credit card giant will debut four 30-second heart-felt ads, created by WPP-owned Ogilvy & Mather, that feature noteworthy people who have beaten the odds and happen to use American Express."
  • Dell Expands Bitcoin Payments to UK and Canada - CoinDesk - "In remarks, Walsh suggested that the decision was prompted by customer demand and the positive feedback the company had so far received for its US offering."
  • Transit Mobile Payments: Driving Consumer Experience and Adoption - Federal Reserve Bank of Boston - "The author conducted interviews with 16 executives representing transit agencies, transport system integrators and companies that provide digital security solutions, mobile ticketing platforms, and mobile marketing solutions, and conducted secondary industry research. The purpose of the research was to assess whether transit mobile payments can help drive adoption of mobile payments in the US..."
  • Lenovo accused of compromising user security by installing adware on new PCs - Guardian - "It leaves any Lenovo user permanently open to a “man in the middle” attack any time they use a public Wi-Fi network, letting an eavesdropper read users’ web browsing at will."

On the Wires:

  • American Express Plans To Appeal Federal Court Ruling In Government Lawsuit - “American Express is disappointed in the court’s ruling, which we believe will harm competition to the detriment of consumers and merchants. American Express intends to appeal the court’s ruling at the appropriate time.”
  • US Treasury announces partnership with digital wallet providers PayPal, Dwolla for online payments - "The goal of these partnerships is to expand the options customers have for transactions with the Federal Government, providing customers greater choice and a better customer experience. For example, customers required to submit a court filing fee at a U.S. Court, or citizens who wish to make a donation to the National Endowment of the Arts, will have similar payment options currently available to them on popular private sector websites."
  • NPCI initiates an ecosystem for Unified Payments Interface - "National Payments Corporation of India (NPCI), the umbrella organization for all retail payment system in India, has taken up a new initiative of implementing “Unified Payment Interface” to simplify and provide a single interface across all systems. The new interface is designed to enable all account holders to send and receive money from their smartphones with a single identifier – Aadhaar number, mobile number, virtual payments address – without entering any bank account information."
  • Visa Extends Easy and Secure Online Payments to New Markets Through Roll-out of Visa Checkout - "Today consumers from ten countries can sign up for Visa Checkout at www.visacheckout.com and start using the service. In the coming months, Visa will extend the service into new regions, so that by the end of 2015 Visa Checkout will be available in the following 16 markets: the U.S., Australia, and Canada ... as well as Argentina, Brazil, Chile, China, Colombia, Hong Kong, Peru, Malaysia, Mexico, New Zealand, Singapore, South Africa and United Arab Emirates."
  • Branch Banking Remains Prevalent Despite the Growth of Online and Mobile Banking - "The study identifies four main factors that have influenced the number and distribution of banking offices over time: population growth, banking crises, legislative changes to branching laws, and technological innovation. In terms of technological change, there is little evidence that the emergence of new electronic channels for delivering banking services has substantially diminished the need for traditional branch offices where banking relationships are built."
  • FinTech Startup Azimo Shakes up Global Money Transfer Services to China - "The new service will provide Azimo’s potential 350 million European customers with the ability to send money direct to every personal bank account in China from just £/€1 for any amount sent."
  • FIS Demonstrates Caliber of Information Security with New ISO Certification - As FIS’ certification states with respect to meeting this standard: “The FIS ISMS supports the operations of strategic data centers by providing a secure and sustainable computing environment to support global financial institutions and commercial clients through the implementation of secure practices and work relationships with supporting functions.”

Glenbrook's 2015 Payments Education Schedule Now Available!

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

February 13, 2015

Headline News from PaymentsNews.com - February 13, 2015

On the Web:

  • Credit card giant moves to devalue hacked data - Politico Pro - "Visa’s larger goal is to replace the card data stored by e-commerce retailers with tokens and bind those tokens to a particular merchant. That means tokenized credit card data stolen from Amazon couldn’t be used to buy something on eBay."
  • Will SBOs Invest In Mobile Payments? - eMarketer - "According to a December 2014 study by Rocket Lawyer, 60.4% of US small-business owners (SBOs) said they would consider adopting mobile payments, such as Apply Pay, Google Wallet or Square, in 2015."
  • What is the Significance of Bitcoin’s Price? - Xapo Blog - "This process will take many years to fully develop, and mature, not unlike the early days of the internet, but we’re on track, despite anyone who thinks the price of bitcoin says otherwise."
  • Omaha is ‘the heart and soul’ of First Data, CEO says - Omaha.com - "First Data employs 5,000 people in Omaha, or more than 20 percent of its total workforce of 24,000. Omaha is where the payment processing company, now based in Atlanta, got its start in 1971."

On the Wires:

Glenbrook's 2015 Payments Education Schedule Now Available!

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

February 12, 2015

Headline News from PaymentsNews.com - February 12, 2015

On the Web:

On the Wires:

  • American Express and CostCo U.S. Partnership Agreements Set to End March 31, 2016 - '...we were unable to reach terms that would have made economic sense for our Company and shareholders. Instead, we will focus on opportunities in other parts of our business where we see significant potential for growth and attractive returns over the moderate to long term.”
  • Bill.com Raises $50M to Fuel Growth and Innovation in Digital Payments for Businesses - "Silicon Valley Bank joined existing investors DCM Ventures, Scale Venture Partners, August Capital, Napier Park Global Capital, American Express Ventures and Commerce Ventures, bringing the total amount raised by the company to date to over $100 million."
  • Visa Launches Mobile Location Service to Improve Card Payment Experience When Traveling - “Wherever you are in the world, we want Visa transactions to be the most secure, convenient and seamless payment choice,” said Mark Nelsen, senior vice president of risk products and business intelligence, Visa Inc. “By matching the location of the cardholder through a cell phone or other mobile device, to the location of the purchase, Visa’s new service will enable banks to feel more confident about authorizing a transaction that might otherwise have been declined due to suspicion of fraud.”
  • Bitcoin Foundation and Leading Bitcoin Companies Engage theAudience to Launch Public Education Campaign on Bitcoin - “As the ecosystem matures, Bitcoin companies are stepping up to the plate. We’re excited to join a coordinated and concentrated effort to teach Bitcoin to the world’s almost 3 billion internet users -- two-thirds of which are from the developing world,” said Brock Pierce of Bitcoin Foundation.
  • SWIFT Institute announces research agenda for 2015 - "SWIFT is uniquely placed to bridge the gap between academic thinking and the financial services industry, leveraging topics of mutual interest," said Peter Ware, Director, SWIFT Institute at SWIFT. "Since the launch of the Institute, we have made great progress in achieving this goal and will continue to do so with new research in 2015 focused on topics of global importance. Our aim is to help the global financial community better understand and manage the obstacles it is facing through new research and greater dialogue at events."
  • CardLinx Publishes New Standards Enabling Interoperability and Broader Use of Card-Linking - Silvio Tavares, President and CEO of The CardLinx Association, said, “This first set of voluntary standards for the card-linked industry is an important step forward in delivering scale and improving ease of use for merchants and consumers.”

Glenbrook's 2015 Payments Education Schedule Now Available!

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

February 11, 2015

Headline News from PaymentsNews.com - February 11, 2015

On the Web:

On the Wires:

Glenbrook's 2015 Payments Education Schedule Now Available!

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

February 10, 2015

Headline News from PaymentsNews.com - February 10, 2015

On the Web:

On the Wires:

  • Early Warning Launches Proactive Solution to Combat Tax Refund Fraud - "The biggest challenges tax agencies face in fighting tax refund fraud are resource issues and reliable technology needed to spot fraud," said David Barnhardt, Early Warning's vice president of Product Management. "However, the AOA for Government solution suite helps tax agencies quickly determine if a tax refund is legitimate, therefore preventing the issuance of refunds to identity thieves and fraudsters.”
  • Mozido Extends Reach into Great China Through Acquisition of PayEase Corp - “China is an important geography in Mozido’s mission of providing the world with easy and accessible mobile financial services, and the addition of PayEase Corp positions Mozido as the leading U.S. financial services provider to have operations inside of China,” said Michael Liberty, Mozido founder and Chairman of Global Strategic Initiatives.
  • Visa Showcases Connected Commerce at Mobile World Congress 2015 - "At Mobile World Congress next month (March 2-5, Hall 6, stand D40) in Barcelona, Spain, Visa will unveil its latest mobile payment services and demonstrate how a world connected by commerce – far beyond just phones and tablets – is transforming the way people shop, pay and get paid."

Glenbrook's 2015 Payments Education Schedule Now Available!

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

February 09, 2015

Headline News from PaymentsNews.com - February 9, 2015

On the Web:

On the Wires:

Glenbrook's 2015 Payments Education Schedule Now Available!

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

February 06, 2015

Headline News from PaymentsNews.com - February 6, 2015

On the Web:

  • Post Paytm stake buy, Ant Financial has no plan to invest in other Indian cos - FirstPost Business - "This deal is being seen as Alibaba's entry into India, with One97's Vijay Shekhar Sharma telling us earlier that Jack Ma was completely involved in discussions leading up to this transaction."
  • Palantir Buys Fancy That To Add Retail, Shopping Data To Its Analytics Platform - TechCrunch - "Among its features, Fancy That optimizes store operations, including clearing inventories, managing discounts, and understanding customers’ retail habits."
  • Feature Friday: Digital Money Accounting - A VC (Fred Wilson) - "I want Mint.com for digital money services, starting with the Venmo and Coinbase mobile apps. That would be super helpful for me and, I suspect, for everyone using these digital money services."
  • The Race to Replace Bitcoin - Observer - "There’s an epic battle for the future of money, and the outcome is murky. It might have several winners. It might have no winners. But one thing is crystal clear: The most exciting battle in this long war is taking place in San Francisco, and the town isn’t big enough for both Ripple Labs and Stellar, two of the contenders hoping to replace not just Bitcoin but the almighty dollar."
  • Bitcoin continues to evolve into a worse version of the current system - FT Alphaville - "The delay, we are told, came about because the low price of bitcoin caused a breakdown in the so-called “block creation” process, which underpins how the technology clears transactions without the need of a trusted third party such as a bank."
  • The first country to roll out its own digital cash - CNBC - "In 2000, Ecuador moved to ditch its stumbling currency for the U.S. dollar. Now more than 15 years later, the South American country is revamping its monetary system again—using digital currencies."
  • Lessons from an erroneous fraud alert - CreditCards.com - "Before my face got too red, I quickly pulled out another credit card, alas with no rewards, and paid for our food."

On the Wires:

  • UK Consumers turn to contactless as usage surges - "Contactless has now firmly stepped into the mainstream. With usage soaring every month last year, we’ve seen people flocking to contactless payments as they switch away from cash. For retailers, contactless means quicker queues at the tills and greater convenience for their customers.”
  • Intuit Working With State Governments to Solve Emerging Tax Fraud Problem - "During this tax season, Intuit and some states have seen an increase in suspicious filings and attempts by criminals to use stolen identity information to file fraudulent state tax returns and claim tax refunds."

Glenbrook's 2015 Payments Education Schedule Now Available!

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

February 03, 2015

Headline News from PaymentsNews.com - February 3, 2015

On the Web:

On the Wires:

  • Digital River Expands Relationship with American Express to Enhance Payment Services in Mexico - “We know from experience managing more than $30 billion in annual online transactions that consumers are more apt to buy when convenient and familiar payment options are available to them,” said Souheil Badran, Digital River’s senior vice president and general manager of Digital River World Payments. “Adding these services in Mexico will help us further expand our existing relationship with American Express and strengthen our international payments offering.”
  • Jumio Unveils New ID Scan Image Capturing Technology in Latest Version of Netverify - "The new release features a brand new ID image capturing technology, which allows users to position their ID any which way within their camera view. This enhanced template matching capability automatically detects the ID edges, rotates, and accurately crops it in the frame, regardless of the angle at which the user is holding the ID."
  • PEX Visa Prepaid Card and Tallie Launch Integrated Expense Management Solution - “The core value proposition of the PEX Visa Prepaid Card service is that it eases the burden companies place on their employees and accounting departments to cover expense outlays,” said Chris Farrell, CEO of Tallie. “PEX Card allows companies to issue prepaid corporate cards to all employees without the same risks of issuing traditional corporate cards or the accounting labor associated with cash advances."

Glenbrook's 2015 Payments Education Schedule Now Available!

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

February 02, 2015

Headline News from PaymentsNews.com - February 2, 2015

On the Web:

  • Apple on privacy, security and identity - Benedict Evans - "But if Apple did connect the dots to create an identity product, and could remove enough friction and pain to make it compelling, then talking about privacy would make much more sense, because at that point privacy, security and identity become part of the same product conversation."
  • Big Layoffs Begin at eBay and PayPal - Re/code.net - "The cuts come a few weeks after eBay announced it would cut 2,400 jobs across the entire company by the end of the quarter."
  • Small Banks Score Gains in Lifting Regulation - Wall St. Journal - "Since the 2010 Dodd-Frank law ushered in a spate of new regulations, community bankers have fanned out across Washington to emphasize the differences between small “Main Street” banks focused on local lending and Wall Street firms they say are fixated on transaction volume."
  • Does Bitcoin still matter? - CBS News - "Bitcoin has a sales job to getting people to trust it, which is ironic because it was set up to be a trustless system," said Paul Vigna...
  • Cash Is Definitely Not King For Card-Carrying Swedes - NPR - "Around the world, cash is fading. Electronic transactions are becoming a bigger part of the economy every year. And one of the leaders in this trend is Sweden, where more than 95 percent of transactions are digital."

On the Wires:

  • Visa Inc. Appoints Vasant M. Prabhu as Chief Financial Officer - “After a thorough global search, we are thrilled to have Vasant join the Visa leadership team,” said Charlie Scharf, Chief Executive Officer of Visa Inc. “Vasant is a seasoned executive with a wealth of experience across a wide range of global businesses. His financial leadership, operational abilities, strategic focus and global mindset will be extraordinarily valuable to us, as we continue to grow our business around the world.”
  • ETA Launches Digital Currency Showcase at TRANSACT 15 - "ETA is at the forefront of payments technology, and TRANSACT 15 is our industry's most important event," said Jason Oxman, CEO of ETA. "With the launch of our World of Bitcoin showcase, and our partnership with BitPay to accept bitcoin payments, TRANSACT 15 is now the place to be for digital currency in 2015."
  • Xoom Launches Instant Money Transfer Service to China, Processed Through UnionPay - "This instant bank deposit service allows Chinese immigrants with a U.S. bank account, credit card, or debit card to conveniently send money online to most bank accounts in China within seconds. With the addition of China, Xoom’s money transfer service now reaches 31 countries worldwide."
  • ATMIA Releases the Results of Its New ATM Channel EMV Readiness Survey - "One of the key findings of the survey is that, as of the end of 2014, 65% of respondents report having at least one ATM capable of handling EMV transactions. This is more than a four-fold increase over the April, 2013 results, which found that only 12% of operators could make that claim. Further, 61% of all operators anticipate that by the end of 2016, which is the general timeframe of the first domestic liability shift for ATM acquirers, the vast majority of their ATMs will be capable of handling EMV transactions."
  • Millennials Make 2015 the Year of the Milestone - "It’s been widely reported that for many Millennials, “30 is the new 20,” with many delaying major life milestones, like full-time employment, marriage and having children. However, recent data from the American Express Spending & Saving Tracker suggests that as the economy continues to recover, Millennials will make 2015 a year of major purchases and life experiences."
  • U.S. Bank Announces 2015 "Dynamic Dozen" - “We place tremendous value on the potential of the millennial generation and this group is instrumental in making U.S. Bank relevant to current and future millennial customers and employees,” said Kent Stone, vice chairman of consumer banking for U.S. Bancorp, and one of the program’s executive sponsors.

Glenbrook's 2015 Payments Education Schedule Now Available!

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

January 30, 2015

Headline News from PaymentsNews.com - January 30, 2015

On the Web:

On the Wires:

  • Cardholders Enjoy Simple and Secure Online Shopping As More U.S. Retailers Sign Up for MasterPass - “Consumers like shopping but paying for things online can be challenging,” said Michael Cyr, Group Executive, North America Market Development, MasterCard. “MasterPass helps turn every online payment experience into an express checkout lane.”
  • MasterCard Incorporated Reports Fourth-Quarter and Full-Year 2014 Financial Results - “Despite a mixed global economy, we delivered solid results for the quarter and for the full year in 2014,” said Ajay Banga, president and CEO, MasterCard. “This year is off to a good start with several new wins, as well as renewals of some important customer agreements, with more in the pipeline. Looking ahead, we will continue to be at the forefront of our industry by driving payment innovation with solutions such as MasterPass, and by increasing electronic payments usage globally as demonstrated by our significant expanded acceptance footprint across Africa.”

Glenbrook's 2015 Payments Education Schedule Now Available!

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

January 29, 2015

Headline News from PaymentsNews.com - January 29, 2015

On the Web:

  • Can RBC’s digital wallet beat Apple? - Globe and Mail - "The system doesn’t require the bank to share vital and valuable customer data with retailers, phone manufacturers or wireless service providers. RBC considers it to be a world-beating new technology, one that will make the bank a global player in the processing of mobile payments."
  • India Banking: Downwardly mobile - Economist - "The scheme’s initial goal has been surpassed: 120m accounts have been opened. Arun Jaitley, the finance minister, has claimed that almost every household in India now has access to banking."
  • With a Few Bits of Data, Researchers Identify ‘Anonymous’ People - New York Times - "In the study, titled “Unique in the Shopping Mall: On the Reidentifiability of Credit Card Metadata,” a group of data scientists analyzed credit card transactions made by 1.1 million people in 10,000 stores over a three-month period."
  • Now available in the UK: Send and request money right from Gmail - Google Commerce Blog - "Since we announced Send Money in Gmail, paying back your friends has never been so simple, whether you’re chipping in for lunch or reimbursing your housemate for your share of the rent. Today, we're excited to make this feature available for Gmail users in the UK."
  • The debit card fee driving US banks crazy – and costing consumers more than they realize - Guardian - "Here’s the problem, which most of us can relate to: banks love fees. But banks can’t levy a fee that isn’t “reasonable and proportional” to the cost of processing the transaction. That’s the rule under the terms of the Durbin amendment, which is part of the Dodd-Frank package of Wall Street banking reforms."
  • Retailers must embrace in-store pickup - Mobile Commerce Daily (John Pincott) - "Research by PricewaterhouseCoopers and AT Kearney shows that 80 percent of customers research their purchases online, but 75 percent of consumers still prefer to buy products in a physical store."

On the Wires:

  • Visa Europe: Record spend, transaction volume and e-commerce levels as revenues rise in 2014 - "Gross revenues grew 9% year-on-year to €1.9 billion while profits of €344 million were €80m higher than last year. This enables Visa Europe to invest more than €200 million in new payments technologies to accelerate the growth of digital payments."
  • PULSE Introduces New Brand Identity to Support Expanded Payments Solutions - “PULSE and the debit landscape have both changed considerably in recent years, and it was time for our brand identity to reflect those changes,” said PULSE President Dave Schneider. “At the same time, millions of cardholders know to look for the familiar PULSE logo at the point of sale and on ATMs, so our new look builds upon our existing strong brand equity.”
  • BitGo Launches Platform API to Secure and Scale the Next Generation of Bitcoin Businesses - “The BitGo Platform API can help businesses, both large and small, focus their development resources on core competencies and product differentiation while security is managed by the specialists. Now is the opportunity to create a bitcoin ecosystem free from hacks that plagued the industry over the last few years.”
  • VantageScore Solutions Announces Major Strides in Market Adoption - “With this surge in market adoption, the consumer finance industry, including the largest banks in the country, clearly have voted for choice in the marketplace and are taking advantage of the transformative differentiators offered by the VantageScore model,” said Barrett Burns, president and CEO of VantageScore Solutions.

Glenbrook's 2015 Payments Education Schedule Now Available!

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

January 26, 2015

Headline News from PaymentsNews.com - January 26, 2015

On the Web:

  • Google taps WePay to put Wallet support in 200K more online stores - VentureBeat - “This integration with WePay will now expand its reach and allow us to support small business owners through WePay’s hosted payment offering, making it easier for them to accept payments online and on mobile devices,” says Steve Klebe, Business Development, Payments for Google.
  • Coinbase Launches First Regulated Bitcoin Exchange in the U.S. - Coinable Blog - "Coinbase Exchange provides a reliable and secure platform for bitcoin trading that is backed by investors such as the New York Stock Exchange."
  • First U.S. Bitcoin Exchange Set to Open - Wall St. Journal - "Coinbase Inc., a startup backed by $106 million from the New York Stock Exchange, banks and venture-capital firms, said its exchange will offer greater security for individuals and institutions to trade bitcoin and monitor real-time pricing of the cryptocurrency."
  • Stripe Partners With Intuit To Help On-Demand Workers Keep Track Of Their Finances - "Through the partnership, people who work for on-demand platforms that make their payments through Stripe will be able to easily connect with Intuit’s new QuickBooks Online Self-Employed software."
  • Increasing the GDP of the Internet - MIT Technology Review - "In an interview with MIT Technology Review’s San Francisco bureau chief, Tom Simonite, in the cafeteria at his company’s headquarters in the Mission district of San Francisco, CEO and cofounder Patrick Collison explains how he is trying to increase the small fraction of spending that takes place through e-commerce."
  • Inroads Made by Apple Pay Propel ‘Mobile Wallet’ Idea - Wall St. Journal - "Apple Inc. ’s payments service, now three months old, is making progress toward a goal that has eluded other mobile wallets: persuading people to use it."

On the Wires:

Glenbrook's 2015 Payments Education Schedule Now Available!

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

January 23, 2015

Headline News from PaymentsNews.com - January 23, 2015

On the Web:

  • Bitcoin and the Digital-Currency Revolution - Wall St. Journal - "No digital currency will soon dislodge the dollar, but bitcoin is much more than a currency. It is a radically new, decentralized system for managing the way societies exchange value."
  • Winklevoss Twins Aim to Take Bitcoin Mainstream - New York Times - "The exchange, which the twins have financed themselves, is a risky bet, given that the virtual currency industry has been a target of hackers and has faced existential questions about its legitimacy."

On the Wires:

Glenbrook's 2015 Payments Education Schedule Now Available!

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

January 22, 2015

Headline News from PaymentsNews.com - January 22, 2015

On the Web:

  • Here's Why Apple Pay Users Have Cut the Plastic - eMarketer - "Among US iPhone 6 and 6 Plus users who had used Apply Pay while shopping at a retail store during Black Friday weekend, nearly three-quarters said using Apple Pay was easier than checking out with a debit or credit card..."
  • Braintree Opens Private Beta to Accept Bitcoin - Coinable Blog - "After working closely with Braintree over the past few months, we are excited to announce that Braintree has opened up private beta access to accept bitcoin for all of its U.S.-based merchants."
  • Bill Gates on Mobile Banking, Connecting the World and AI - Medium (Backchannel) - "The actual ideal is to essentially have a public switch that lets you move funds at low fees between various banks. That kind of rich interchange capability actually still doesn’t exist."
  • Visa Europe 2014 Annual Report - "To reflect the disparities across Europe, there is now more focus on local markets, and a more open and flexible approach to digital payment solutions. At the same time, a robust commercial ethos is being embedded within the business – in order to increase its strategic and monetary value, extend its market position, and protect it from business and regulatory risk."
  • ARM makes 15 predictions about 2015 - Android Authority - "These predictions cover a wide range of topics and reflect all the different areas of technology that utilize ARM based processors. The areas covered include smartphones, wearables, IoT, security and servers."
  • Monitise explores strategic review, warns on full-year results - Reuters - "Monitise Plc, a British mobile banking technology company, said it was reviewing its strategic options and warned that full-year revenue would be below its expectations..."
  • Webster Bank ramps up mobile banking app security with Touch ID - Mobile Commerce Daily - "Webster Bank is one of the first United States-based banks to leverage Apple’s Touch ID feature into its mobile banking application..."
  • Amazon drops mobile wallet as chances of a shakeout grow - Mobile Commerce Daily - "Amazon’s wallet strategy raised questions about its viability from the beginning, as many retailers consider the ecommerce giant a competitor and therefore would be unlikely to want to participate..."
  • Cross-Border Payments: Challenges and Trends - Aite Group - "The correspondent banking model does not meet every customer's modern needs, and the growing volume of low-value cross-border payments oblige banks to rethink their current approach to cross-border fund transfers."
  • Payments Giant Ingenico Adds Bitcoin Option to POS Terminals - CoinDesk - "Bitcoin payments provider Paymium has partnered with one of the world's largest point-of-sale (POS) providers to allow European brick-and-mortar retailers to accept the digital currency."
  • Reporting back from the Blockchain Workshops at MIT and Harvard - "And it turns out Bitcoin may be just the beginning."
  • Bigger than Hollywood - Asymco.com - "Apple paid $10 billion to developers in calendar 2014."
  • Google to Sell Wireless Service in Deals With Sprint, T-Mobile - Wall St. Journal - "Google Inc. is preparing to sell wireless service directly to consumers after striking deals with Sprint Corp. and T-Mobile US Inc., a move likely to prod the wireless industry to cut prices and improve speeds..."

On the Wires:

  • Xoom Announces Touch ID for Mobile Money Transfers - “Xoom has always placed safety and security as a top priority; and now with Touch ID on the Xoom Mobile App, this presents an enhanced customer experience with authentication that is simple and highly secure,” said Joe Raymond, Xoom’s Vice President of Product. “In keeping with our mission of creating a seamless customer experience across our platform, Touch ID will make it faster and easier for our customers to send money from the Xoom App, without having to type in a password.”
  • Wawa Launches New Mobile App and Wawa Rewards Program, Offering Customers a Whole New Way to Connect - "As of January 2015, all of Wawa’s more than 680 convenience stores are accepting mobile payments through the new Wawa mobile app, enabling customers to make in-store purchases with more convenience than ever before, using a Wawa Gift Card from their smart phones."
  • TSYS and Ingenico Group to Offer EMV, NFC and Apple Pay Enabled POS Payment Solutions - “Our relationship with Ingenico Group and its industry-leading expertise in EMV and NFC enabled TSYS to be among the first processors to be certified for Apple Pay,” said Craig Ludwig, senior director and head of product for TSYS' Merchant Services segment.
  • Raise Secures $56 Million in Series B Funding to Build on Company Momentum and Sustain Rapid Growth - "Raise, the largest online marketplace for gift cards, today announced that it has raised $56 million in a Series B funding round led by New Enterprise Associates (NEA), with additional funds supplied by Bessemer Venture Partners (BVP), the Pritzker Organization, Listen Ventures and several notable angels who previously participated."

Glenbrook's 2015 Payments Education Schedule Now Available!

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

January 21, 2015

Headline News from PaymentsNews.com - January 21, 2015

On the Web:

  • EBay Announces Job Cuts, Icahn Pact - Wall St. Journal - "EBay Inc. announced plans to cut about 2,400 jobs, or about 7% of its workforce, as the e-commerce giant prepares to spin off its PayPal electronic-payments business later this year from marketplace."
  • The 3Ps of the blockchain: platforms, programs and protocols - O'Reilly Radar - "Although it may be early to baptize new buzz lingo like “Blockchain as a Service” (BaaS) or “Blockchain as a Platform” (BaaP), there is a burgeoning landscape of various implementations and activity in and around the blockchain’s decentralized consensus protocol technologies."
  • Walmart offering cash pickup option for tax refunds - Chain Store Age - "In its newest move to offer more in-store financial services, Walmart is offering shoppers the option to pick up their tax refunds in cash. The new service, called Walmart Direct2Cash, is available nationwide starting Jan. 20."
  • Intuit Buys ZeroPaper, Its First Acquisition In Brazil - TechCrunch - "We are thrilled to work with ZeroPaper to reach small businesses, many just getting started and others, more established and larger businesses in need of the robust solutions in the QuickBooks Ecosystem, Dan Wernikoff, SVP & GM of the Small Business Group.
  • Seeing foreign interest in agri, infra & tech: MasterCard - MoneyControl.com - "India US trade will cross USD 500 billion by 2015. That’s the word coming in from Ajay Singh Banga, CEO, MasterCard."

On the Wires:

Glenbrook's 2015 Payments Education Schedule Now Available!

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

January 19, 2015

Headline News from PaymentsNews.com - January 19, 2015

On the Web:

  • Wirecard’s Smart Band: A mobile wallet you wear around your wrist - GigaOm - "As with other the universal credit card concepts like LoopPay, Coin and Plastc; Wirecard lets you load a credit or debit card’s credentials into its device and use it to pay for goods in place of a plastic card. But instead of just emulating the digits on your card for a magnetic stripe reader, the Smart Band uses a new secure payments technology backed by Google, MasterCard and Visa called Host Card Emulation (HCE)."
  • Are you a Tier 1 or a Tier 2 token requestor? (It matters) - SimplyTapp Blog - "With all the talk about Token Service Providers and token requesting, I felt it was worth describing a bit more about the role of a "Token Requestor"."
  • BBA, Payments Council Respond to UK 'Call for Information' on Digital Currencies - CoinDesk - "The BBA, the leading group representing the UK's biggest banks, has issued a response to the government's 'Call for Information' on digital currencies."
  • How Was Your Credit Card Stolen? - Krebs on Security - "But it occurred to me recently that I’ve never published a primer on the types of card fraud and the likelihood with each of the cardholder ever learning how their account was compromised. This post is an effort to remedy that."

Glenbrook's 2015 Payments Education Schedule Now Available!

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

January 16, 2015

Headline News from PaymentsNews.com - January 16, 2015

On the Web:

  • Understanding the blockchain - O'Reilly Radar - "There is no doubt that we are moving from a single cryptocurrency focus (bitcoin) to a variety of cryptocurrency-based applications built on top of the blockchain. This article examines the impact of the blockchain on developers, the segmentation of blockchain applications, and the network effects factors affecting bitcoin and blockchains."

On the Wires:

Glenbrook's 2015 Payments Education Schedule Now Available!

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

January 15, 2015

Headline News from PaymentsNews.com - January 15, 2015

On the Web:

On the Wires:

Glenbrook's 2015 Payments Education Schedule Now Available!

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

January 08, 2015

Headline News from PaymentsNews.com - January 8, 2015

Glenbrook's 2015 Payments Education Schedule Now Available!

On the Web:

On the Wires:

  • EMVCo to Manage Next Generation of 3D-Secure Specification - "The enhanced specification will support additional data available during the transaction that will enable more intelligent risk-based decisioning. It will also offer a more seamless consumer experience and reduces reliance on the cardholder to authenticate themselves via a password prompt, better integrating with a merchant’s offering and brand. The specification will also be enriched to support non-payment user identification and verification, as well as country-specific and regulatory requirements regarding cardholder authentication in the card-not-present environment."
  • China Jo-Jo Drugstores Signed Strategic Service Agreement with Alipay to Provide Online Payment Service to its Customers - Mr. Lei Liu, Chairman and CEO of China Jo-Jo, stated, "Our cooperation with Alipay gives us a great opportunity to get access to Alipay's 300 million registered users who, like most Chinese consumers, are seeking more convenient pharmacy shopping experiences. In addition to maintaining our traditional customer base, we hope to attract more young, affluent, and tech-savvy consumers by answering to their needs for pharmaceutical and healthcare products."
  • Shift4 Delivers EMV Functionality Layered with Tokenization and Encryption to Prevent Breaches - Shift4 CEO Dave Oder said, "It is vital for merchants to adopt real card data security measures in addition to the highly publicized stopgap that is EMV. Security Beyond Compliance® is our mantra, and that's exactly what Shift4 delivers to our customers."
  • Fujitsu to Exhibit Integrated Retail Currency Handling and PalmSecure Biometric Solutions at the National Retail Federation Annual Event in New York - “With the increasing number of physical and cyber-attacks as well as the exposure of cash to external theft and internal shrinkage, we believe the concepts demonstrated in our booth will resonate with most retailers,” says Randy Fox, vice president, currency handling and identity product solutions, Fujitsu Frontech North America Inc. “The unique application of biometrics as a method for positive logical and physical access control will be more commonplace at POS and in back-office cash handling locations.”

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 06, 2015

Headline News from PaymentsNews.com - January 6, 2015

On the Web:

On the Wires:

  • LoopPay" Expands OEM Partnerships at CES 2015 - "The two new OEM partners announced at CES include XPAL Power (subsidiary of TennRich International - who manufactures products for companies like Mophie and Belkin), and Trident Case®, a leading ruggedized phone case manufacturer, with many other partners in the pipeline. LoopPay is also working with chipmakers to embed LoopPay’s technology and security into silicon, making it easier for future OEM partners to incorporate LoopPay into their devices."
  • Green Dot Promotes Chief Technology Officer Kuan Archer to Chief Operating Officer - "In his role as COO, Kuan will continue to lead all of product development and Information Technology and will assume oversight of vendor management and procurement, business continuity, human resources, supply chain and retail execution. He will report directly to Chairman and Chief Executive Officer, Steve Streit."
  • Bluefin Payment Systems Introduces PCI-Validated Point-to-Point Encryption (P2PE) Solution for Mobile Payments“In this age of cyber-attacks and security breaches, a secure mobile payment solution is absolutely mandatory. Protecting cardholder data, guarding against fraud and, concurrently, reducing merchant and issuer liability requires a multi-faceted approach to securing card information and customer data,” said Ruston Miles, Chief Innovation Officer, Bluefin Payment Systems.

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 19, 2014

Headline News from PaymentsNews.com - December 19, 2014

On the Web:

  • Securing the Future of Payments: A Special Report from the Payments Security Task Force - Visa/MasterCard - "This week in the U.S., the Payments Security Task Force introduced a white paper that looks at three of the most significant technologies – chip, tokenization and encryption – developed to protect card information and make it useless if stolen." Download White Paper Here
  • Starbucks To Square: It's Over - ReadWrite - "Starbucks is not adopting Square Order in our stores," says Maggie Jantzen, a spokesperson for Starbucks. "We opted to build our own mobile ordering solution, leveraging our own mobile app and world-class loyalty program."
  • New York Regulator Outlines Changes to Bitcoin Rules - New York Times - "Although far from sweeping, the revised rules will address or eliminate many of the aspects that opponents had criticized for being vague or strict, including the types of companies that would be subject to the rules, Mr. Lawsky said in keynote remarks at the Bipartisan Policy Center in Washington."
  • Mobile NFC payments to exceed $130B by 2020: report - Mobile Commerce Daily - “The launch of Apple Pay will focus the minds of operators and competitors like Google Wallet, who have NFC-based payment offerings for longer, but have not really communicated or marketed it well to their customers.”
  • Mobile’s Rise Poses a Riddle for Banks - Wall St. Journal - "This year, for the first time, U.S. customers interacted with their banks more through mobile devices than any other means, according to a new study by consultancy Bain & Co. Mobile interactions are now 35% of the total, more than any other type, including traditional online channels, automated-teller machines and branch visits, the report showed."
  • Open APIs Hold the Key to the Future of Banking - Programmable Web - "One of the pillars of BBVA’s digital strategy is identifying and mobilizing “innovation stakeholders” from both within and outside BBVA. Through an open innovation framework, BBVA is building an open ecosystem that includes entrepreneurs, developers, students, customers and employees collaborating to create new value for both the community and BBVA in the new digital paradigm."
  • RBC first bank in North America with Host Card Emulation - "We are committed to providing our clients with the most innovative, convenient and secure solutions to pay how they want, when they want - HCE is a critical step," said Linda Mantia , Executive Vice-President of Digital, Payments and Cards, RBC. "HCE makes RBC Secure Cloud mobile payments even easier to use."
  • German researchers discover a flaw that could let anyone listen to your cell calls - Washington Post - "Experts say it’s increasingly clear that SS7, first designed in the 1980s, is riddled with serious vulnerabilities that undermine the privacy of the world’s billions of cellular customers."
  • Clustering bitcoin accounts using heuristics - O'Reilly Radar - “It turns out in reality, though, the way most users and services are using bitcoin, was really not following any of the guidelines that you would need to follow in order to achieve this notion of pseudo-anonymity. So, basically, what we were able to do is develop certain heuristics for clustering together different public keys, or different pseudonyms."

On the Wires:

  • Huntington Bank to Offer Apple Pay to Customers - “We are delighted to soon offer our customers the option of Apple Pay,” said Mark Sheehan, executive vice president and payments and channels director at Huntington. “Apple Pay is another in a series of initiatives Huntington has undertaken to make banking easier, along with rolling out mobile deposit and Quick Balance, which allows customers to use their phones or tablets to find their balances fast. Huntington is excited about what the future holds and looks forward to bringing this technology to our customers.”
  • The European Union Helps Consumers by Capping Swipe Fees While the U.S. Lags - "The 28 countries of the European Union agreed with a committee of the EU’s Parliament to cap the fees merchants pay banks every time a customer swipes a card at 0.2 percent on debit cards and at 0.3 percent on credit cards. Countries can also set a five-cent cap on debit transactions. The agreement also makes the card business more transparent, so that consumers can see how much swipe fees raise prices where they shop."
  • Mozido Acquires Majority Ownership in Mobile Commerce Company CorFire - “CorFire is a strong global mobile commerce player. By adding its strength in NFC-enabled mobile wallets to Mozido’s extensive mobile financial services and retail marketing capabilities, we can now give merchants around the world access to a powerful mobile ecosystem that adds monetization features to mobile programs,” said Michael Liberty, founder and Chairman of Global Strategic Initiatives at Mozido.

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, 2014

Headline News from PaymentsNews.com - December 18, 2014

On the Web:

  • Square Is Resurrecting Wallet, Its Pay-By-Name Mobile App, And Giving It Away - ReadWrite - "Square is "retiring" Wallet but its putting its key feature—the ability to pay in stores by saying your name, without taking out a wallet or even your phone—inside Square Order."
  • Silicon Valley Bank -- At The Core Of A Tech Network - Forbes - “We are doing something very, very different. We help them build a sound, scalable operating infrastructure that they would go to an investor and say they have worked with Silicon Valley Bank and the bank has looked over its fraud and compliance.”
  • Amazon Confirms Rollout of One-Hour Delivery Service - Wall St. Journal - "The service, first reported by The Wall Street Journal, is available in parts of New York, though Amazon said it would expand to other cities next year. Amazon will charge $7.99 for delivery within an hour, though two-hour delivery is free..."
  • Billing and Payments — a potted history - FastMail Blog - "As a credit card merchant, an important thing is the chargeback rate — that is, the percentage of your payments that the cardholders dispute with their bank. If this rate gets too high, then the payment gateways deem you to be risky, and they will charge much higher fees, or cancel your account completely."
  • Complex Solutions to a Simple Problem - Krebs on Security - "The main reason so many of these newfangled technologies are even being proposed is that the United States lags 20 years behind Europe and the rest of the world in adopting chip/smartcard technology in credit and debit cards."
  • Lawsky Outlines Revisions to New York's BitLicense in DC Speech - CoinDesk - "Ben Lawsky announced the latest revisions to the draft BitLicense today in Washington, DC, announcing a host of changes in response to reactions from its public comment period."
  • Payments startup Tipalti moves HQ to Palo Alto from Southern California - San Francisco Business Times - Tipalti also hired Rob Israch as chief marketing officer as the company "prepares for significant revenue growth."

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

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