On the Web:
- Apple Pay, partnerships and software as disruption - Benedict Evans - "Finally, I suspect that for Apple the most important part of Apple Pay may be its use in apps, not at physical retail."
- QVC leverages Touch ID for faster payment options - Mobile Commerce Daily - "QVC is leveraging Apple’s fingerprint sensor Touch ID technology to allow for streamlined user log-in to its mobile application and faster payment methods."
- Yes, Apple Pay will disrupt in-store purchases — but its impact on in-app commerce may be even greater - PandoDaily - "As this transition occurs, the platform with the most payment credentials stored and with the most frictionless buying experience stands to win the day."
- Issuers’ Apple Pay Pact Assigns Remarkable Authority to Card Networks As Well As Apple - Digital Transactions - "These, along with other issuer obligations, appear in the text of a 19-page Apple Pay contract obtained by Digital Transactions News."
- Small Businesses Assess Their Apple Pay Options - New York Times - Mr. Boeding recommended the VeriFone VX520, which Vantiv is selling for $250: “That model is rugged, has a powerful processor, great memory, and is an N.F.C. reader that is E.M.V.-compliant.”
- Credit-Card Firms Ride Wave of Electronic Payments - Wall St. Journal - "Visa and MasterCard are benefiting from a migration from cash and checks even as consumer-spending growth remains sluggish in parts of the world."
- Are Banks Too Expensive to Use? - New York Times - "But my customers didn’t see themselves the way policy makers do. They chose to use alternative and informal financial services because they found banks to be more expensive and confusing and less service-oriented."
- Visa, MasterCard in Talks to Lower Processing Fees Paid by Canadian Merchants - Wall St. Journal - "People familiar with the negotiations, which were continuing Thursday, said it was unclear whether the two credit-card companies would reduce the fees voluntarily..."
- Capital One buys ecommerce platform AmeriCommerce to woo small businesses - VentureBeat - "Today’s deal closely follows Capital One’s acquistion of San Francisco design firm Adaptive Path."
On the Wires:
- Global Payments Announces Winners of Wearable FinAppsParty - "Grand prize: Garcon!: Created by Scott Hankinson and Brian O’Connor; provides users with a wearable app allowing streamlined checkout, multi-factor authentication, tagging, transaction history and purchase voiding."
- Kraken Launches Bitcoin-Yen Trading in Japan - "The launch allows Kraken to leverage its success in Europe as the reigning leader in euro trading and bring its signature exchange experience to the Japanese market."
- Online Banking Solutions Leverages Wearable Technology for Mobile Commercial Online Banking - According to Graf, “extending our capabilities to wearable devices is a logical next step for our Messenger Financial Center architecture as it has always supported multiple devices with common user functions and consistent security. Our goal is to make the user experience both secure and as easy to use as looking at your watch.”
Updates from Glenbrook:
- The next session of Glenbrook's Payments Boot Camp will be held Dec 9-10 in Palo Alto, CA. Join us!
- Glenbrook's Bitcoin: Basics and Beyond Workshop will be held Nov 19 in New York City
- Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews