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China

Welcome to the News View for "China".

Here, on these archive pages, you'll find all of the articles on Payments News for China listed in date sequence beginning with the most recent article at the top of the page.

Click here for a complete listing of what's available in the Payments News Archive - organized by both posting date and subject category.

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April 17, 2014

Headline News from PaymentsNews.com - April 17, 2014

On the Web:

On the Wires:

  • MasterCard Board of Directors Recommends Two New Candidates for Election - “The world continues to get smaller and technology opens new doors every day,” said Richard Haythornthwaite, Chairman of the Board, MasterCard. “MasterCard is advancing to meet consumer, business and societal needs in an increasingly digital world, while maintaining a focus on convenience and security. Merit and Julius’ experience and insights will add to and complement our existing Board as we pursue this vision.”
  • Warburg Pincus To Acquire Electronic Funds Source - "Warburg Pincus ... today announced it has entered into a definitive agreement whereby one of its affiliates will acquire 100% of Electronic Funds Source LLC, a leader in innovative corporate payments solutions, from an investor group including First Data Transportation Services, Inc., CTP Holdings LLC and FJ Management Inc."
  • Lending Club Acquires Springstone - "As part of the financing of this transaction, Lending Club also announced the closing of an equity capital raise. Investors in the $65 million round included funds and accounts managed by T. Rowe Price Associates, Inc., Wellington Management Company, LLP, BlackRock and Sands Capital."
  • Worldpay Launches China Sales Office - "The Shanghai office is headed up by Tang Kok San, VP – Business Development China, and will offer all of Worldpay’s e-commerce customer-facing functions, including relationship management and corporate support."

Updates from Glenbrook:

March 20, 2014

Headline News from PaymentsNews.com - March 20, 2014

On the Web:

On the Wires:

  • American Express Expands Benefits for Platinum Card® Members - "These benefits include complimentary, unlimited access to Wi-Fi hotspots provided by Boingo Wireless, a global market leader in Wi-Fi, as well as an application fee statement credit option for the TSA Pre✓™ program."
  • Small Businesses Get Paid Faster With QuickBooks Payments - "As part of the expanding QuickBooks ecosystem of online products and services, QuickBooks Online users who also use QuickBooks Payments get their invoices paid on average two times faster than those who don’t. When these small businesses email their invoices and allow their customers to pay online, they significantly reduce the time it takes to receive payment."

Updates from Glenbrook:

March 18, 2014

Headline News from PaymentsNews.com - March 18, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

March 14, 2014

Headline News from PaymentsNews.com - March 14, 2014

On the Web:

  • Accidental disruption: Max Levchin discusses how close PayPal was to never existing at all! - PandoDaily - "It’s often said that it’s better to be lucky than good. Fortunately for PayPal, Levchin, Thiel, and the company’s other early execs were both lucky and good."
  • Consumers Not Powerless in the Face of Card Fraud - New York Times - "The United States is such a fraud-friendly country in part because we still use old-fashioned magnetic stripes on the back of our cards. This makes it relatively easy for thieves to make counterfeit ones."
  • Xapo Raises $20 Million To Bury Your Bitcoin Underground - TechCrunch - "The wallet, said Wences, works like a checking account while the vault works like a savings account. They have no intention of ever becoming an exchange."
  • Wearing Apple - furbo.org (Craig Hockenberry) - "But the biggest feature of all would be that this wearable device could support iBeacon."
  • China Suspends Two Forms of Smartphone Payments - Wall St. Journal - "A People's Bank of China official who declined to be named said the bank issued a directive Thursday ordering the suspension of online payments using QR codes and virtual credit cards in smartphone payment systems."
  • Introducing Myself - Bitcoin Foundation (Jim Harper, Global Policy Counsel) - "To that end—prioritizing—I have already begun a study of the risks that Bitcoin faces and their severity, how to address them and, when possible, how to measure success or failure."
  • Buffett: ‘Stay Away’ From Bitcoin - Wall St. Journal MoneyBeat - He called it “a very effective way” of transmitting money, but said that “a check is a way of transmitting money, too.”

On the Wires:

Updates from Glenbrook:

February 14, 2014

Headline News from PaymentsNews.com - February 14, 2014

The second edition of our book "Payments Systems in the U.S." has just been published. It's available in print from Amazon.com and in an ebook version for your iPad.

On the Web:

On the Wires:

Updates from Glenbrook:

January 09, 2014

Headline News from PaymentsNews.com - January 9, 2014

Next Glenbrook Payments Boot Camps: Feb 4-5 in Palo Alto, CA; March 18-19 in New York City. Alternatively, you can request a private Payments Workshop held on-site at your location.

On the Web:

On the Wires:

Updates from Glenbrook:

January 08, 2014

Headline News from PaymentsNews.com - January 8, 2014

Next Glenbrook Payments Boot Camps: Feb 4-5 in Palo Alto, CA; March 18-19 in New York City. Alternatively, you can request a private Payments Workshop held on-site at your location.

On the Web:

  • Inside Bitcoin - John Patrick - "Banks, credit card companies, and money transfer companies do not like Bitcoin because the new digital currency model threatens the status quo and related fees. In the early days of the World Wide Web, there were similar views to what we hear about Bitcoin."
  • The MTA Plans to Turn New Yorkers’ Smartphones into Subway Passes - Skift - "The MTA plans to have a next-generation fare payment system in place by 2019, says agency spokesman Aaron Donovan."
  • Real-time Fraud Prevention - Emerging Payments Strategies (FIS) - "The better your anti-fraud strategies and solutions, the better you’ll be at protecting your institution and your cardholders. These pressures are driving the industry toward more and more real-time solutions that attempt to stop fraud before it starts."
  • Bitcoin isn’t Money—It’s the Internet of Money - The Umlaut (Eli Dourado) - "The Internet model improves upon the traditional telephone model by making possible what Vint Cerf calls “permissionless innovation.” Tim Berners-Lee was able to launch the World Wide Web without waiting for Internet service providers to support it."
  • Bitcoin Woos Washington to Ensure Lawmakers Don’t Kill It - Bloomberg - "The outreach is aimed at ensuring that wary lawmakers don’t kill the embryonic industry and regulators provide a clear set of rules to play by."
  • Bitcoin Banned by Alibaba’s Taobao After China Tightens Rules - Bloomberg - "Alibaba Group Holding Ltd., China’s largest e-commerce website, will ban the sale of Bitcoin and other virtual currencies after the country’s central bank tightened regulations in December."
  • Alibaba Online-Payment Affiliate Teams With Sina Corp. - "The affiliate, called Alipay, said on its official microblog account that the new service allows users of Sina's Weibo microblog service to make online and offline payments through their Alipay accounts."

On the Wires:

Updates from Glenbrook:

January 06, 2014

Headline News from PaymentsNews.com - January 6, 2014

Next Glenbrook Payments Boot Camps: Feb 4-5 in Palo Alto, CA; March 18-19 in New York City. Alternatively, you can request a private Payments Workshop held on-site at your location.

On the Web:

On the Wires:

Updates from Glenbrook:

December 19, 2013

Headline News from PaymentsNews.com - December 19, 2013

Webinar: Managing Cardholder Data Security Risks in an Evolving Payments Landscape - Be sure to join Glenbrook's Bryan Derman, BakerHoestetler's Craig Hoffman and Mandiant's Marshall Heilman for this webinar on January 15 from 2-3:30 PM Eastern time. Registration is now open.

On the Web:

On the Wires:

Updates from Glenbrook:

December 18, 2013

Headline News from PaymentsNews.com - December 18, 2013

Webinar: Managing Cardholder Data Security Risks in an Evolving Payments Landscape - Be sure to join Glenbrook's Bryan Derman, BakerHoestetler's Craig Hoffman and Mandiant's Marshall Heilman for this webinar on January 15 from 2-3:30 PM Eastern time. Registration is now open.

On the Web:

On the Wires:

Updates from Glenbrook:

December 16, 2013

Headline News from PaymentsNews.com - December 16, 2013

In addition to tracking the daily news of the payments world here on PaymentsNews.com, we can also provide you and your organization with monthly and quarterly market scans - contact me to learn more about this unique service customized to your special needs.

On Twitter:

On the Web:

On the Wires:

Updates from Glenbrook:

December 09, 2013

Headline News from PaymentsNews.com - December 9, 2013

On the web:

On the wires:

Updates from Glenbrook:

December 05, 2013

Headline News from PaymentsNews.com - December 5, 2013

On the web:

On the wires:

Updates from Glenbrook:

December 02, 2013

Headline News from PaymentsNews.com - December 2, 2013

On the web:

On the wires:

Updates from Glenbrook:

November 21, 2013

Headline News from PaymentsNews.com - November 21, 2013

On the web:

On the wires:

Updates from Glenbrook:

November 19, 2013

Headline News from PaymentsNews.com - November 19, 2013

On the web:

  • Mapping Bitcoin - New York Times Bits Blog - "One striking thing about the map: Bitcoin is increasingly a Chinese craze."
  • Bitcoin: More than Money - Reason.com (Jerry Brito) - "At its core, Bitcoin is a completely decentralized ledger system. It can be thought of as a massive online version of an accountant's book in which transactions are recorded by deducting from one account and adding to another."
  • Buying Your Holiday Gifts With Bitcoin AVC.com (Fred Wilson) - "When the citizens of the world will be able to buy and sell from each other and from retailers of all shapes and sizes via Bitcoin, then we will have truly realized the potential of a global digital currency."
  • Regulators See Value in Bitcoin, and Investors Hasten to Agree - New York Times - "The virtual currency bitcoin took a big step toward the mainstream on Monday as federal authorities signaled their willingness to accept it as a legitimate payment alternative."
  • Authorities See Worth of Bitcoin - Wall St. Journal - "Senior U.S. law-enforcement and regulatory officials said they see benefits in digital forms of money and are making progress in tackling its risks."
  • This Senate hearing is a Bitcoin lovefest - Washington Post - "All three Obama administration officials expressed concern about Bitcoin being used for illicit uses. But they also stressed that Bitcoin has important legitimate uses and that regulators need to be careful not to stifle innovation in virtual currencies."
  • IngoMoney cashes in $8.4M from Camden Partners - Atlanta Business Journal - "Ingo's algorithms decide in real time whether or not it's a safe risk for a customer bank to accept a check."
  • A Day in the Life of Getting Isis Mobile Payments Up & Running - "Since the ISIS mobile payment platform launched nationwide last week, I decided to give it a try."
  • PR Agencies: What the Visa Shakeup Could Mean for the Industry - "But Visa is the first to draw a line in the sand and have their internal workforce add the work of three agencies to their assumedly already packed to-do lists, choosing not to outsource at all."

On the wires:

Updates from Glenbrook:

November 18, 2013

Headline News from PaymentsNews.com - November 18, 2013

On the web:

On the wires:

Updates from Glenbrook:

November 11, 2013

Headline News from PaymentsNews.com - November 11, 2013

On Twitter:

On the web:

On the wires:

Updates from Glenbrook:

  • Looking for consulting help from Glenbrook? Let us know your needs here - and we'll get right back to you!
  • Join Glenbrook's Carol Coye Benson and Scott Loftesness for our Glenbrook Payments Boot Camp on December 10-11th in Palo Alto, California!
  • Glenbrook's Jacqueline Chilton will be speaking social media and payments at the W.net Northern California LINC Networking event being held November 14 at Google.
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

October 17, 2013

Headline News from PaymentsNews.com - October 17, 2013

On the web:

On the wires:

Updates from Glenbrook:

  • Looking for consulting help from Glenbrook? Let us know your needs here - and we'll get right back to you!
  • Join us for our Glenbrook Payments Boot Camp on October 23rd/24th in New York City!
  • Glenbrook's Elizabeth McQuerry will be speaking at this year's NACHA Global Payments Forum on October 17-18 in New York City. She'll be speaking on the topic "Mobile Payments, Interoperability & Faster Funds Transfer". Elizabeth will also be speaking on New Payments Regulation in Brazil at the International Money Transmitter Conference in Miami 4-7, 2013.
  • Glenbrook's Carol Coye Benson will be speaking at this year's American Bankers Association Annual Convention on October 20-22 in New Orleans. She'll be participating in a panel discussion on The Future of the Payments Industry.
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

October 15, 2013

Headline News from PaymentsNews.com - October 15, 2013

On Twitter:

On the web:

On the wires:

Updates from Glenbrook:

  • Looking for consulting help from Glenbrook? Let us know your needs here - and we'll get right back to you!
  • Join us for our Glenbrook Payments Boot Camp on October 23rd/24th in New York City!
  • Glenbrook's Elizabeth McQuerry will be speaking at this year's NACHA Global Payments Forum on October 17-18 in New York City. She'll be speaking on the topic "Mobile Payments, Interoperability & Faster Funds Transfer". Elizabeth will also be speaking on New Payments Regulation in Brazil at the International Money Transmitter Conference in Miami 4-7, 2013.
  • Glenbrook's Carol Coye Benson will be speaking at this year's American Bankers Association Annual Convention on October 20-22 in New Orleans. She'll be participating in a panel discussion on The Future of the Payments Industry.
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

October 14, 2013

Headline News from PaymentsNews.com - October 13, 2013

On Twitter:

On the web:

  • Venmo's Social, Increasingly Hilarious Payments Community - Fast Company - "The shared payment notes give insight into what your friends are up to; they're also often amusing to read."
  • Xerox Glitch Halts Food-Stamp Use - Wall St. Journal - "Shoppers in 17 states were unable to use food stamps and other government aid through debit-style electronic benefits cards for more than 10 hours on Saturday..."
  • Why did we create Wisely? - Wisely Blog - "At Wisely, we’re building the most credible search engine for the physical world, powered by payment data. Why is it the most credible? Because, Wisely brings transparency to how people spend money."
  • Mobile Payments - Two Major Systems Set To Go In The US - Forbes - "Merchants want a system that is secure, won’t steal their data, provides a good marketing platform and the lowest possible cost for transaction. Consumers want something that is secure and simple to use."
  • Not Ready to Adopt Mobile Payments? You're Not Alone - BusinessNewsDaily - "The technology to accept payments via mobile devices is ripe and ready, but a recent industry study shows that it will take at least two more years for mobile payments to truly become mainstream."
  • The Rise of PayPal as a Major Payments Player - Bank Marketing Strategy - "While some of the 'innovation' at PayPal may not seem new or disruptive (such as the use of QR codes), the ability to quickly build scale by using the existing payments infrastructure may be the key to PayPal's success."
  • Small Business Success with PayPal: ChinaTour.Net - PayPal Forward Blog - "...PayPal has helped the ChinaTour.Net online air ticket business avoid an 85% risk of malicious fraud..."
  • Stuck in a Dispute Between PayPal and Itself - New York Times (David Segal) - "If PayPal isn’t the most reviled online company in the country, which is?"
  • Mint Wireless to launch local version of US payments start-up Square - Financial Review (Australia) - "But where Square has built its own user base by selling direct to businesses, Mr Teoh told The Australian Financial Review that Australia’s heavy regulations and existing market structure required them to work through the banks and telcos."
  • Divide and Conquer: Commerce Battlefield - FinVentures (Tom Noyes) - "Banks are NOT the center of commerce, just as my ISP or MNO is not the reason I shop at Amazon."
  • Unbreakable encryption comes to the U.S. - CNNMoney - "As revelations about the depth and breadth of the NSA's digital eavesdropping program continue to come to light, Ohio-based Battelle Memorial Institute is rolling out a new kind of network encryption designed to be virtually un-hackable -- not only now, but in the future."
  • Leading Economist Predicts a Bitcoin Backlash - Mashable - "Simon Johnson, a professor of entrepreneurship at MIT’s Sloan School of Management, expects Bitcoin to face political pressure and aggressive lobbying from big banks because of its disruptive nature."
  • Privacy and fraud dominate discussion at LA bitcoin event - CoinDesk - "All in all, the event signified the fact that bitcoin is growing and that LA area technology enthusiasts are ready to do business with BTC."

On the wires:

Updates from Glenbrook:

September 27, 2013

Headline News from PaymentsNews.com - September 27, 2013

On the web:

Updates from Glenbrook:

  • Join us for our new series of Glenbrook Payments Boot Camps coming this October - 8th/9th in the San Francisco Bay Area and 23rd/24th in New York City!
  • Glenbrook's Allen Weinberg and Erin McCune will be at Money2020 in Las Vegas October 6-10 - please reach out to them directly to catch up in person or set up a briefing at the conference. Erin will be moderating an Invoicing, Billing & Collections panel with Bill.com CEO Rene Lacerte, Billtrust CEO Flint Lane and Billhighway Chairman Vince Thomas.
  • Glenbrook's Elizabeth McQuerry will be speaking at this year's NACHA Global Payments Forum on October 17-18 in New York City. She'll be speaking on the topic "Mobile Payments, Interoperability & Faster Funds Transfer".
  • Glenbrook's Carol Coye Benson will be speaking at this year's American Bankers Association Annual Convention on October 20-22 in New Orleans. She'll be participating in a panel discussion on The Future of the Payments Industry.
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

September 25, 2013

Headline News from PaymentsNews.com - September 25, 2013

On the web:

On the wires:

Updates from Glenbrook:

  • Join us for our new series of Glenbrook Payments Boot Camps coming this October - 8th/9th in the San Francisco Bay Area and 23rd/24th in New York City!
  • Glenbrook's Allen Weinberg and Erin McCune will be at Money2020 in Las Vegas October 6-10 - please reach out to them directly to catch up in person or set up a briefing at the conference. Erin will be moderating an Invoicing, Billing & Collections panel with Bill.com CEO Rene Lacerte, Billtrust CEO Flint Lane and Billhighway Chairman Vince Thomas.
  • Glenbrook's Elizabeth McQuerry will be speaking at this year's NACHA Global Payments Forum on October 17-18 in New York City. She'll be speaking on the topic "Mobile Payments, Interoperability & Faster Funds Transfer".
  • Glenbrook's Carol Coye Benson will be speaking at this year's American Bankers Association Annual Convention on October 20-22 in New Orleans. She'll be participating in a panel discussion on The Future of the Payments Industry.
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

September 16, 2013

Headline News from PaymentsNews.com - September 16, 2013

On the web:

On the wires:

Updates from Glenbrook:

  • Join us for our new series of Glenbrook Payments Boot Camps coming this October - 8th/9th in the San Francisco Bay Area and 23rd/24th in New York City!
  • Glenbrook's Allen Weinberg and Erin McCune will be at Money2020 in Las Vegas October 6-10 - please reach out to them directly to catch up in person or set up a briefing at the conference. Erin will be moderating an Invoicing, Billing & Collections panel with Bill.com CEO Rene Lacerte, Billtrust CEO Flint Lane and Billhighway Chairman Vince Thomas.
  • Glenbrook's Elizabeth McQuerry will be speaking at this year's NACHA Global Payments Forum on October 17-18 in New York City. She'll be speaking on the topic "Mobile Payments, Interoperability & Faster Funds Transfer".
  • Glenbrook's Carol Coye Benson will be speaking at this year's American Bankers Association Annual Convention on October 20-22 in New Orleans. She'll be participating in a panel discussion on The Future of the Payments Industry.
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

August 28, 2013

Headline News from PaymentsNews.com - August 28, 2013

On the web:

On the wires:

Updates from Glenbrook:

June 06, 2013

Headline News from PaymentsNews.com - June 6, 2013

On the web:

On the wires:

June 04, 2013

Headline News from PaymentsNews.com - June 4, 2013

On the web:

On the wires:

June 02, 2013

Headline News - June 2, 2013

On the web:

On the wires:

May 10, 2013

Headline News - May 10, 2013

On the web:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated.

April 23, 2013

Headline News - April 23, 2013

On Twitter (follow us: @paymentsnews):

On the web:

On the wires:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated.

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