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BitGo

Welcome to the News View for "BitGo".

Here, on these archive pages, you'll find all of the articles on Payments News for BitGo 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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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!

June 03, 2015

Headline News from PaymentsNews.com - June 3, 2015

On the Web:

  • Glenbrook’s Elizabeth McQuerry is IPFA CEO - PaymentsViews.com (Elizabeth McQuerry) - "Glenbrook is delighted to announce that our partner Elizabeth McQuerry has been named to the position of CEO of IPFA, the International Payments Framework Association. IPFA will play an important role as real-time payments networks around the world start being connected in order to facilitate cross-border payments. Elizabeth will incorporate this work into her ongoing work with Glenbrook on a broad range of international payments projects".

  • Gates Foundation: Lessons Learned About Payments Systems - Ripple Blog - "The Gates Foundation recently published a comprehensive report on designing payments systems for financial inclusion called The Level One Project Guide."

  • NY Financial Regulator Lawsky Releases Final BitLicense Rules for Bitcoin Firms - Wall St. Journal - "The new rules, posted simultaneously on the Department of Financial Services’ website, require certain providers of virtual currency services operating in New York state—in particular, those with custody of customers’ funds and which exchange virtual currencies for dollars and other fiat currencies—to apply for a specially tailored DFS license."

  • Our thoughts on the BitLicense: California is Winning - Coin Center - "The current draft of California’s equivalent legislation, AB 1326, is much better than the BitLicense."

On the Wires:

  • Visa Inc. and Verifone Join Forces to Accelerate Omni Commerce Globally - "As part of the partnership, the companies will integrate industry leading platforms: Verifone will connect its point of sale gateway to Visa’s CyberSource global merchant payment management platform. This will provide merchants with a single platform to protect customer payment data, mitigate fraud, and integrate digital and offline payment systems."

  • Visa and FireEye Join Forces to Help Merchants, Financial Institutions Defend Against Targeted Attacks on Consumer Payment Data - "By combining Visa’s unparalleled view into global payments and FireEye’s industry-leading cyber security expertise, we intend to bring faster, actionable intelligence directly to players across the payments system,” said Charlie Scharf, CEO of Visa Inc. “Although we are leading efforts to render stolen data useless through smart technologies, data security remains foundational for merchants. We’re pleased to be working closely with FireEye, which has been at the front lines identifying and investigating some of the most significant compromises around the world, to provide critical cyber intelligence to merchants and financial institutions.”

  • Payoneer Expands Services in India, Offering Improved Cross-Border Payments from U.S. Companies to Indian Professionals and Businesses - “At Payoneer, we make it our mission to empower global commerce by enabling businesses and professionals to pay and get paid globally as easily they do locally,” said Scott Galit, CEO of Payoneer. “Previously, Indian freelancers, online marketers and other professionals faced high fees and slow transfer times, and our cross-border payments platform directly addresses these challenges.”

  • MasterCard Becomes First International Payments Network to Enter Somalia - “Somalia has made significant strides to rebuild the country and instil peace and stability. Today marks a historic milestone, signalling Somalia’s financial liberation following years of being excluded from participating in the global economy,” says Abdirahman Yusuf Ali Aynte, the Minister of Planning and International Cooperation of Somalia.

  • Bitfinex and BitGo Partner to Create World’s First Real-Time Proof of Reserve Bitcoin Exchange - “We’ve been working with Bitfinex for several months and are impressed by their dedication to security for their users,” said BitGo CEO Mike Belshe. “The industry has been clamoring for exchanges to adopt the multi-sig model, and we’re proud that Bitfinex selected BitGo’s platform to do it. This new level of transparency and security makes breaches such as those of Mt. Gox impossible.”

  • American Express and Starwood Hotels & Resorts Enhance Cobrand Credit Card Benefits - “The SPG Credit Card from American Express has always been a favorite among travel insiders, and the new benefits will deliver even greater value to the ‘always on’ traveler,” said Eva Reda, SVP, Co-brand Partnerships. “We understand what our Card Members want most, and we know the enhanced card will offer the convenience and value they seek.”

  • The Gold Standard Just Got Better; American Express Launches New Dining and Travel Benefits for Premier Rewards Gold Card - “The Premier Rewards Gold Card is the card for people hitting their stride in life and defining their own success. They seek and strive for the gold standard in their personal and professional pursuits. They’re making moves in their careers, but also prioritizing family and friends,” said Lisa Durocher, senior vice president, Consumer Charge Cards & Benefits at American Express. “Whether they’re traveling, dining out or cooking at home, the Premier Rewards Gold Card now gives them even richer rewards, with the flexibility, service, and security they need to keep life moving forward.”

  • U.S. Bank Upgrades Its Corporate Payments Mobile App - "Users can now request virtual card accounts and have them delivered right to their mobile devices to make payments."

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!

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!

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!
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