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EU

Welcome to the News View for "EU".

Here, on these archive pages, you'll find all of the articles on Payments News for EU 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 06, 2016

Headline News from PaymentsNews.com - April 6, 2016

ON THE WEB

ON THE WIRES

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming up in early April - both in New York City - we hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

UPDATES FROM GLENBROOK

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

February 22, 2016

Headline News from PaymentsNews.com - February 22, 2016

ON THE WEB

  • 2016 Payment Predictions - FRB Atlanta - Take on Payments Blog - "In our 2015 year-end review, we promised we would provide some predictions and expectations for payments in the United States during 2016. Predictions are usually pretty…unpredictable, so by waiting a couple of months to release ours, we're hoping they will end up being more accurate than usual."
  • How Walmart Pay could help the mass merchant compete against Amazon - Mobile Commerce Daily - "By rolling out Walmart Pay, Walmart now has to walk a fine line of engaging mobile customers who’ve come to rely on this convenience while still catering to those less inclined to try out the new payment experience."

ON THE WIRES

  • GSMA and Mobile Operators Launch Initiative to Extend Mobile Money and Mobile Internet to Women Globally - "The GSMA today announced the launch of the Connected Women Commitment Initiative, aimed at reducing the mobile gender gap. Initial commitments by GSMA operator members, with over 75 million mobile internet and mobile money customers, will aim to connect millions more women in low- and middle-income countries by 2020."
  • PayPal Extends Mobile Leadership and Consumer Choice With New Partnerships and Product Innovations - "PayPal announced a collaboration with one of Europe’s largest mobile carriers, Vodafone, where millions of PayPal’s European customers will be able to fund payments on Android smartphones at Visa contactless terminals using the Vodafone Wallet. The service will start in Spain and expand to additional European markets later this year."
  • Visa Extends Secure Payments to the Automotive Industry - “The notion of transforming a car into a platform for payments is not as far off as some may think, and we have made a great deal of progress since first introducing the idea one year ago,” said Jim McCarthy, executive vice president of innovation and strategic partnerships, Visa Inc. “Working with Honda to test these prototypes gets us another step closer toward commercial reality, which we think provides exciting opportunities to everyone who plays a role in the payments and automotive ecosystems.”
  • Visa Checkout Launching Across Europe and India - "Since its introduction in 2014, Visa Checkout has launched in 16 countries, with usage growing to more than 11 million consumer accounts and acceptance by more than 250,000 merchants. In 2016, the service will reach a total of 22 markets around the world, including Australia, Argentina, Brazil, Canada, Chile, China, Colombia, France, Hong Kong, Ireland, India, Malaysia, Mexico, New Zealand, Peru, Poland, Singapore, Spain, South Africa, United Arab Emirates, the United Kingdom and the United States."
  • Visa Brings Secure Payments to the Internet of Things - "The first IoT companies to join the Visa Ready Program will focus on payments for wearables and automobiles. Initial Visa Ready partners include Accenture, Coin, Giesecke & Devrient, Fit Pay, and Samsung, who will work with device manufacturers including Chronos and Pebble, to help embed secure payments in consumer devices and have those devices certified as Visa Ready."
  • Coin Launches Developer Program to Enable Access to MasterCard’s Tokenization Platform and Accelerate Payments in Wearables - “Signing up for the Coin developer program gives wearables manufacturers transparent access to a turnkey solution,” said Kanishk Parashar, CEO and Co-Founder of Coin. “The program makes commerce accessible to device makers as payments on wearables become table stakes. We are confident that our miniaturized and secure payment technology, combined with MasterCard’s tokenization, will benefit our wearables partners with increased engagement of their products.”
  • American Express, Discover, MasterCard, and Visa Purchase Volume Up 7.8% in 2015 - David Robertson, publisher of The Nilson Report, said, “For the third year in a row, the percentage increase for purchase volume on Visa credit cards was better than any other credit or debit card type.”
  • Samsung Pay Continues Global Momentum in 2016 - "In 2016, Samsung Pay will start global expansion beginning with China in March, followed by Australia, Brazil, Singapore, Spain and the U.K. later in the year. Additionally, Canada will be added to the new launch roadmap."
  • Samsung Pay coming to MBNA customers in the UK - Ian O’Doherty, CEO of MBNA, said: “Our customers are looking to MBNA as the credit card experts to deliver handy new ways to pay – ways that offer them convenience, speed and safety. We’re investing in delivering our customers Samsung Pay at the earliest opportunity, showing how we’re helping make life easier for them.”
  • Wincor Nixdorf and Mahindra Comviva Partner to Enable NFC and QR Code Based Transactions at the ATM With Mobiquity® Wallet - "With advent of this new solution, consumers using mobile wallets powered by Mahindra Comviva's mobiquity® Wallet will be able to withdraw cash and top up their mobile wallets at the ATM by simply scanning or presenting a QR code or use their NFC enabled mobile device."

GLENBROOK PAYMENTS EDUCATION EVENTS

Here's a quick reminder that we have two of our Glenbrook payments education events coming up later this month - both in Palo Alto, California - we hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

EVENTS

UPDATES FROM GLENBROOK

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

February 03, 2016

Headline News from PaymentsNews.com - February 3, 2016

ON THE WEB

ON THE WIRES

EVENTS

UPDATES FROM GLENBROOK

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

December 14, 2015

Headline News from PaymentsNews.com - December 14, 2015

On the Web

  • Interchange Regulation Comes to Europe - PaymentsViews.com (George Peabody) - "Interchange galvanizes the attention of regulators around the world like iron filings to a magnet. Everyone in card payments watches their moves closely because of its economic impact on merchants, card networks, issuers, acquirers and, in theory, consumer pricing. European regulators are among the most recent to weigh in."
  • Former Wall St titans shake-up banking with fintech investments - FT.com - "They made their name on Wall Street. Now, they are trying to disrupt it."
  • Blockchain Startup Digital Asset Hires SWIFT and SunGard Veterans - CoinDesk - "“With more than 50 years of combined experience in the financial and technology sectors, Cris and Chris have a deep understanding not only of the marketplace, but of what we are building and they will be invaluable to our continued growth," Digital Asset CEO Blythe Masters said in a statement.

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!

December 09, 2015

Headline News from PaymentsNews.com - December 9, 2015

On the Web

On the Wires

  • MasterCard Crowns Champion in the Inaugural Masters of Code Global Hackathon Series - "MoneyRemaid earned the title of Masters of Code by building a software platform to disrupt the way domestic workers in Southeast Asia could receive and manage their salaries. The team, comprised of a young woman and four young men, was awarded the grand prize of $100,000 seed funding, incubation in the MasterCard StartPath program, six months of executive mentoring and free payment processing for up to $250,000 in transactions for the first 12 months using Simplify Commerce."
  • Dunkin’ Donuts Selects CARDFREE as the Mobile Platform for its Next Generation Mobile Application to Include Mobile Ordering and Enhanced Features - "CARDFREE, the leading mobile commerce provider to large merchants, announced that it is the mobile application platform provider enabling Dunkin’ Donuts’ new On-the-Go Ordering app that is currently being tested in Portland, Maine. The company was selected by Dunkin’ Donuts to provide the mobile ordering application solution to make it easier and more convenient for members of the brand’s DD Perks® Rewards Program to place an order from their mobile phone."
  • The European Union Helps Merchants and Consumers by Reforming Its Credit-Card Market While the U.S. Lags - “The EU’s just and thoughtful action should spur policymakers in the U.S. to take a closer look at these bloated fees which, without competition, just keep growing,” said Lyle Beckwith, a senior vice president at NACS, the National Association of Convenience Stores, and a member of the Merchants Payments Coalition. “We applaud the EU for standing up to the credit-card giants who continue to fleece American merchants and consumers.”

Updates from Glenbrook:

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

November 27, 2015

Headline News from PaymentsNews.com - November 27, 2015

On the Web

On the Wires

  • The EPC Submitted to the ERPB its Proposal for the Design of an Instant Credit Transfer Scheme - "The European Payments Council (EPC) proposal for the design of a Single Euro Payments Area (SEPA) instant credit transfer (SCT Inst) scheme was submitted on that day to the Euro Retail Payments Board (ERPB), and approved."
  • New GSMA Study Highlights Role of Mobile in Delivering a Digital India - “India is a unique mobile market and one where the mobile ecosystem is playing a hugely influential role in transforming the lives of its citizens, and driving economic growth,” said Alex Sinclair, Acting Director General and Chief Technology Officer at the GSMA. “The market is now rapidly migrating to mobile broadband technology, which is providing a platform for India to transform into a digitally empowered society and connect many millions of unconnected citizens to the internet over the coming years.”
  • Five Ways to Keep the Grinch Out of Your Cybershopping: Tips from U.S. Bank Security Coach Jason Witty - US Bank - “It’s important to remember the critical role consumers play when it comes to protecting their personal information and data; they can’t rely on businesses and retailers alone,” said Jason Witty, Chief Information Security Officer at U.S. Bank. “Holiday shopping is fun, but it’s important to always remember the risks involved and take proper precautions.”

Glenbrook's 2015 Payments Education

Updates from Glenbrook:

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

September 28, 2015

Headline News from PaymentsNews.com - September 28, 2015

It's Time to Register! Upcoming Payments Boot Camps

  • Glenbrook's fall season of payments education kicks off in October with two sessions of our Payments Boot Camp - one in the San Francisco Bay Area on October 13-14 and the other in New York City on October 20-21. Glenbrook's Russ Jones is now leading this important payments education curriculum - he'd love to meet you at one of these sessions. Contact Russ directly if you have any questions.

On the Web

  • The eGovernment – ePayment Conundrum - PaymentsViews.com (Erin McCune) - "As we work with governments to build their electronic payment strategies we sometimes need to temper their expectations given this all-too-familiar challenge. There have to be enough digitally delivered government services to warrant digital payment infrastructure, but you also need scalable, robust digital payments to support digital delivery of government services. At Glenbrook we’ve started calling this the “eGovernment-ePayment Conundrum” – and only partly in jest."
  • Banks: Card Breach at Hilton Hotel Properties - Krebs on Security - "Multiple sources in the banking industry say they have traced a pattern of credit card fraud that suggests hackers have compromised point-of-sale registers in gift shops and restaurants at a large number of Hilton Hotel and franchise properties across the United States. Hilton says it is investigating the claims."
  • Interchange Evidence? - Credit Slips (Adam Levitin) - "The very weird survey response on surcharging and discounting makes me wonder about the overall representativeness and reliability of the survey."
  • With Bitcoin's Price Down, VCs Turning to Blockchain Technology - CoinDesk - "The rising interest in use cases for bitcoin's underlying distributed ledger, the blockchain, is influencing the investment strategies of venture capitalists..."

On the Wires

  • Samsung’s Groundbreaking Mobile Payment Service – Samsung Pay – Available Starting Today in the United States - “Samsung Pay works with almost any card terminal from day one and Galaxy owners can shop with a wallet they never knew was always in their hands,” said Injong Rhee, EVP of Samsung Electronics, Global Head of Samsung Pay. “As the leader in innovation, Samsung is proud to introduce the first mobile payment solution that allows you to pay almost anywhere you can swipe or tap your card today.” - To participate initially, consumers need to have a participating MasterCard, Visa or American Express card issued by Bank of America, Citi, American Express or U.S. Bank. Samsung Pay also offers merchant credit cards through its relationship with Synchrony Financial...
  • U.S. Bank and Elavon Bring More Mobile Payment Choices to Customers with Samsung Pay - “Being one of the first to offer our cardmembers and merchant customers Samsung Pay is a great example of our focus on our customers,” said Dominic Venturo, chief innovation officer at U.S. Bank. “This is an important step in the continuing evolution of payments and consistent with providing our customers the convenience of doing business with us how, when and where they want."
  • Synchrony Financial Takes the Lead in Enabling Private Label Credit Card Benefits for Samsung Pay - “Today’s announcement further highlights Synchrony Financial’s leadership in mobile payments technology,” said Margaret Keane, president and CEO of Synchrony Financial. “Through our innovation and strategic partnerships, we are helping shape the future of how private label credit cards work in mobile wallets. We are proud to offer our merchant partners and their customers the value and benefits of our private label credit cards in Samsung Pay’s secure, simple and widely accepted mobile wallet.”
  • First Data Strengthens Digital Wallet Leadership with Support of Samsung Pay - “First Data continues to lead the way in enabling mobile commerce globally,” said Barry McCarthy, Executive Vice President and Head of Network and Security Solutions at First Data. “With the launch of Samsung Pay, we are extending our innovative technology to ensure that, as consumers increasingly move to digital payments, First Data can enable any card in any digital wallet.”
  • ACI Worldwide Helps Define and Drive Industry Standards for Real-Time Payments - "The Scheme Management Board (SMB) of the European Payments Council (EPC) has recently invited ACI’s Barry Kislingbury, lead solution consultant, to participate in the EPC Scheme Technical Forum (ESTF). With the introduction of numerous international real-time, immediate payments initiatives, the focus on the formats used to process such messages has become critical—particularly within Europe."
  • UK Alternative Finance Market for Businesses Projected to Reach £10 Billion by 2020 Says Fiserv Research - Travers Clarke-Walker, Chief Marketing Officer, International Group, Fiserv said, “Our research suggests that improved and user-friendly technology is impelling the growth of alternative finance in the U.K. We have seen the P2B and crowd-funding sectors engaging in a concerted marketing push, which is likely to raise awareness significantly. The buzz around alternative finance for SMEs is giving alternative financers legitimacy and encouraging SMEs to try these alternative funding options.”

Glenbrook's 2015 Payments Education

Updates from Glenbrook:

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

September 09, 2015

Headline News from PaymentsNews.com - September 9, 2015

On the Web:

On the Wires:

Glenbrook's 2015 Payments Education

Updates from Glenbrook:

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

August 12, 2015

Headline News from PaymentsNews.com - August 12, 2015

On the Web:

On the Wires:

Glenbrook's 2015 Payments Education

Updates from Glenbrook:

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

July 09, 2015

Headline News from PaymentsNews.com - July 9, 2015

On the Web:

On the Wires:

Glenbrook's 2015 Payments Education

Updates from Glenbrook:

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

July 06, 2015

Headline News from PaymentsNews.com - July 6, 2015

On the Web:

On the Wires:

  • Visa Europe: 1 billion Visa contactless purchases made in last year - Sandra Alzetta, Executive Director of Core Products at Visa Europe said: “Contactless momentum continues to build as more and more people discover it’s often the quickest and most convenient way to pay for everyday things. Across Europe, usage levels have soared, with more than one billion contactless transactions made by Visa cardholders in the last 12 months alone."
  • Western Union Enhances Mobile Money Transfer Capabilities in Africa - “Western Union continues to grow its reach across Africa, while delivering an exceptional experience across retail and mobile platforms, allowing our customers to conveniently and reliably move money,” said Khalid Fellahi, senior vice president and general manager, Western Union Digital. “Furthermore, Western Union seeks to promote global economic opportunity by bridging gaps in the traditional financial services system, and strives to provide consumers with 24x7 access to Western Union services.”

Glenbrook's 2015 Payments Education

Updates from Glenbrook:

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

June 25, 2015

Headline News from PaymentsNews.com - June 25, 2015

On the Web:

  • The sale of Visa Europe: a potential setback for merchants in the fight against fees - Treasury Insider - "The news that Visa Inc. is in discussions to purchase its former subsidiary Visa Europe in a possible US$20 billion deal certainly falls into this category – and should be a major concern for European merchants."
  • Suspect in $55 Million A.T.M. Scheme Is Extradited to U.S. - New York Times - "Prosecutors said that hackers including Mr. Findikoglu wormed their way into the computer systems of financial institutions that process prepaid debit cards. Next, they said, the hackers significantly raised the withdrawal limits normally set for the cards, which are often used to pay employees or aid disaster victims."
  • Go New Places with PayPal and Uber - PayPal Forward Blog - "PayPal is now available as a payment option to Uber riders in Canada, Greece, Hong Kong, Israel, Mexico, New Zealand, Singapore, Switzerland and Sweden."
  • HDFC’s PayZapp, India’s First Apple Pay Feature, Enters Mobile Payments - MF Monitor - "Being introduced by the largest private bank, PayZapp, on the back of ApplePay, may emerge as a game changer, as it eliminates the various intervening steps required to pass a mobile transaction, following RBI norms of two-factor authentication."
  • Before paying with bitcoins… - Federal Trade Commission Consumer Information Blog - "In fact, the FTC has received hundreds of complaints involving bitcoins and other virtual currencies. The two most common problems? Online merchants who don’t deliver the product on time — or at all — and merchants who give refunds in store credit, rather than currency."

On the Wires:

  • Organization Announcement: American Express - "With that in mind, today I am announcing the realignment of several businesses and reporting lines in a way that leverages the strengths of our executive team to help us build momentum and capitalize on the growth opportunities we have across the company."
  • FICO Sees 25 Percent Jump in Cross-Border Fraud on UK Debit Cards in 2014 - "Criminals are now opting for card-not-present and cross-border fraud," said Martin Warwick, FICO's fraud chief in Europe, the Middle East and Africa. "The alarming rise in cross-border fraud demands new technology, such as proximity location services that can identify whether the customer's mobile is in the same place where the transaction is occurring. The UK reduced cross-border card fraud from £230 million in 2008 down to £80 million in 2011. But cross-border fraud has nearly doubled since then, and it's time to get it back under control."
  • The Nilson Report: U.S. Household and Credit Card Debt 2014 - "Total household debt in the U.S. was $13.512 trillion at the end of 2014 and credit cards accounted for 6.52% or $881.57 billion, according to the annual report on credit card debt in the U.S. published by The Nilson Report, the top trade newsletter covering the card and mobile payment industries."
  • Auth0 Raises Series A Led By Bessemer to Take the Pain Out of Identity Security - “It’s now painfully obvious that insecure or incomplete authentication implementations are creating vulnerabilities, jeopardizing customer trust, and hindering enterprise adoption of cloud and mobile services,” observed VeriSign co-founder David Cowan, a partner at BVP. “So Bessemer is thrilled to partner with the best identity team in the world to deliver secure login as a service — as easy to use as Twilio, SendGrid and Stripe.”
  • Seamless Distribution AB: SEQR now live in the UK - “Launching SEQR in the US and the UK has been a top priority for us at Seamless. By offering a smart, adaptable mobile payment service, we’ve been able to attract some of the biggest operators in the market. Now that we’re starting to work with merchants and consumers, we’re creating the right conditions to be able to establish ourselves as the biggest mobile payments provider in the UK as well, a market with around 60 million potential customers,” says Peter Fredell, CEO of Seamless.

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!

March 10, 2015

Headline News from PaymentsNews.com - March 10, 2015

On the Web:

  • Now What? Immediate Funds Transfer in the U.S. - PaymentsViews.com (Elizabeth McQuerry) - "How can all these systems be stitched together? Who writes the rules? Where does this leave Same Day ACH? Those are just the first set of questions. There are plenty of others..."
  • EU Interchange Legislation Sets Course for New Beginnings - MasterCard Beyond the Transaction Blog - "A long and interesting legislative process comes closer to an end this week with the European Parliament formally adopting a new EU Regulation on interchange fees. At MasterCard we believe that, just as in life, from every end comes a new beginning. This case is no different."
  • Boston calls a snow day on spending - First Data Corp. - "This First Data SpendTrend report examines the economic effect these snow storms have had on Boston and the New England region between January 24 and February 22, 2015."
  • PayPal Establishes New Security Center - PayPal Forward Blog - "To help jumpstart our security center, I’m also thrilled to announce that we’ve acquired CyActive, a cybersecurity firm that specializes in technology that can predict how malware will develop. The acquisition of CyActive will bring great talent and immediately add “future-proof” technology to PayPal’s world-class security platform."
  • Heartland Payment Systems Collaborates with BitPay - BitPay Blog - "Now Heartland is referring their customers to BitPay’s payment platform. We are helping Heartland bring bitcoin payment technology to businesses and organizations that are interested in new payment methods."
  • Secretive Bitcoin Startup 21 Reveals Record Funds, Hints at Mass Consumer Play - Wall St. Journal - "What it’s not yet publicizing is the precise nature of its operations, Chief Executive and co-founder Matthew Pauker will only say there will be “several interesting developments over the next weeks and months”..."
  • Why We Started Abra - RRE Ventures - "To make digital currency useful to “cash consumers” digital currency should: be transferable to any phone number in the world, not represent exchange rate risk, be as private as real cash, have no costs for money transfer, and be fungible to real paper-cash at very low cost 24 hours a day, 7 days a week."
  • Updates to Venmo Account Notifications - Venmo Blog - "Today, we wanted to share a few updates we’ve made to Venmo account notifications, as well as make you aware of some additional product updates we’ll be releasing soon."
  • Marriott hotels to start accepting Apple Pay this summer - Engadget - "To check in, you'll only need to go to the contactless reader at the front desk and hold up your phone (or Apple Watch) to pay -- a beep and a vibration will indicate if the transaction's a success."

On the Wires:

  • GameStop Now Accepting Apple Pay in Stores - "GameStop is launching a nationwide rollout of Apple Pay, which transforms mobile payments with an easy, secure and private way to pay to its more than 4,200 U.S. video game stores this month."
  • Citi to Launch Banking App for Apple Watch - “At Citi, we believe that banking should be simple and convenient, and we are constantly exploring advances in technology to help us deliver that kind of experience,” said Heather Cox, Chief Client Experience, Digital and Marketing Officer for Global Consumer Banking at Citi. “Apple Watch users will have access to all sorts of information and services, and if our customers want to check their balance or view a seconds-ago transaction right on their wrist, it is our job to make sure they can.”
  • Financial Institutions Can Launch EMV™ Chip Cards More Quickly and Less Expensively with New Solution from Fiserv - "Fiserv is helping its clients simplify the transition to EMV chip-enabled cards by offering an integrated, compliant and cost effective path to EMV debit and credit card issuance. Fiserv has worked with Visa and MasterCard to develop standard EMV chip card configurations suitable for most debit and credit card programs. These standards comply with Visa and MasterCard requirements for the U.S. market."
  • TGI Fridays Extends Use of Verifone’s Payment as a Service for ‘Pay at the Table’ - We pride ourselves on giving guests the best experience possible, particularly when interacting with our team,” said Jeremy Dunderdale, Head of IT at TGI Fridays UK. “Verifone understands our business needs, and its NFC-capable terminals combined with Verifone’s all-in-one service package provides a secure solution that solves our payments challenges while enabling us to accept payments from guests right at the table.”
  • Bill.com Expands Leadership Team with Key Hire to Support Nationwide Adoption of Digital Business Payments - "Bill.com, the leading company creating magically simple business payments, today announced that it has hired Colleen Lindow as vice president of payments, risk and compliance."

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 13, 2015

Headline News from PaymentsNews.com - January 13, 2015

On the Web:

  • Toward Better Privacy, Data Breach Laws - Krebs on Security - "President Obama on Monday outlined a proposal that would require companies to inform their customers of a data breach within 30 days of discovering their information has been hacked. But depending on what is put in and left out of any implementing legislation, the effort could well lead to more voluminous but less useful disclosure."
  • Stanford to host White House Summit on Cybersecurity and Consumer Protection - Stanford News - "The White House announced Tuesday that it will host a Summit on Cybersecurity and Consumer Protection at Stanford on Feb. 13, convening major stakeholders to help shape public and private sector efforts to protect consumers and companies from growing network threats."

On the Wires:

  • Gujarat State Government and MasterCard sign Memorandum of Understanding to Accelerate Electronic Payments - “This MOU represents a joint effort to drive innovation and development of electronic payments in Gujarat, in line with the State Government’s goal to make Gujarat the first digital payments state in India. MasterCard will leverage its global expertise to deliver new innovations and the right payment systems, and we are looking forward to seeing fruitful results from this collaboration,” said Ari Sarker, Division President, South Asia & Country Corporate Officer, India at MasterCard.
  • First Data and UL Collaborate to Simplify EMV™ Adoption for Retailers - “Coupled with a multi-layered security program that includes tokens and encryption, EMV adoption will greatly reduce the threat of fraudulent payments at the point of sale, but the implementation can be complex and burdensome. We believe this collaboration with UL will help to simplify the process a merchant must complete to certify compliance with EMV standards.”
  • Elavon Joins Verizon Partner Program - “This powerful combination makes the era of Big Data accessible and relevant for small businesses,” said Elavon’s President of North America Guy Harris. “By building in robust customer loyalty and security features more commonly found in high-end POS options, this user-friendly solution enables SMBs to serve their customers better while providing business insights to help them compete more effectively.”
  • Intuit Launches QuickBooks Online Self-Employed to Serve Freelancers, Independent Contractors - “As the on-demand economy continues to expand, there will be unprecedented income opportunities for freelancers. But this work comes with a host of new challenges: co-mingled and confusing business expenses, quarterly and year-end tax headaches, and a general lack of visibility into their ‘real income’,” said Alex Chriss, vice president and general manager of Self-Employed Solutions at Intuit.
  • TSYS Releases Insights on Payment Preferences of Business Travelers and Travel Administrators - “One surprising finding is that despite high satisfaction with corporate travel card programs among both business travelers and travel administrators, personal card usage among business travelers remains high,” said author Christina Hall, senior product development manager, TSYS Commercial Services. “Additionally, the technologies that business travelers use in their personal banking and credit card relationships greatly influence expectations for their corporate credit cards.”
  • Fitch: AmEx, Discover Can Manage EU Card Interchange Fee Caps - "Fitch believes increased regulation could have some unintended consequences. For example, card members could face higher fees and/or reduced benefits as banks re-assess these programs and seek to maintain appropriate profitability targets. Fitch believes these could potentially take the form of annual membership fees, account maintenance or other fees and/or more limited rewards."

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!

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!

December 08, 2014

Headline News from PaymentsNews.com - December 8, 2014

On the Web:

  • Regulation, the Blockchain and Programmable Money - PaymentsViews.com (George Peabody) - "Programmability of asset transfers has enormous potential to save money and simplify public and private transactions. A hallmark of any regulation should be its ability to accommodate that kind of innovation."
  • Stripe is the breakthrough startup of 2014 - Mashable - "Stripe is a key reason that some of these on-demand startups have been able to get off the ground so quickly — and Stripe has prospered in return. Tens of thousands of businesses now use the Stripe API for payments."
  • Toward a Breach Canary for Data Brokers - Krebs on Security - "Despite their apparent role in facilitating (albeit unknowingly) these ID theft services, to my knowledge the data brokers involved have never been held publicly accountable in any court of law or by Congress."
  • EMVCo Launches ‘A Guide to EMV Chip Technology v2.0’ - EMVco - "First published in 2011, the guide has been updated to reflect EMVCo’s new branding and imagery, detail the evolution of the technical body and communicate the latest transaction figures, first published in November 2014. The document also provides insight into the latest EMV Chip Specifications and introduces EMVCo’s Next Generation activity."
  • Investment in European Payment Firms Hits Record Levels - Wall St. Journal - "Nascent payments and transaction processing companies in Europe raised $417.9 million through 26 deals in the nine months to September, more than seven times what was raised during the same period last year, according to figures from data provider Dow Jones VentureSource."
  • Banks Urge Clients to Take Cash Elsewhere - Wall St. Journal - "J.P. Morgan told some clients of its commercial bank recently that it would begin charging monthly fees on deposit accounts from which clients can withdraw money at any time."
  • Apple Pay will be the mobile wallet of choice and here's why - Financial Services Club Blog (Chris Skinner) - "In other words, Apple Pay could be the Uber for mobile payments."
  • Why Apple Pay will win (Part 2) - Financial Services Club Blog (Chris Skinner) - "The Apple Pay wallet system, with its own bank partner (if it needs one) and now you don’t need a card registered or anything. You don’t need PayPal or Visa or MasterCard. You just need Apple. Just a thought."
  • Wish List: Apple Pay your friends - SixColors (Dan Moren) - "In theory, Apple could even offer the ability to send funds to people via the Internet. Apple Pay already works for some online transactions, and once again Square Cash has proved that you can transfer funds online without too much hassle."
  • Starbucks brews iBeacon strategy to support premium coffee play - Mobile Commerce Daily - "Starbucks said it would bring out iBeacon technology in the coming year to allow customers at its premium-coffee Roastery and Tasting Rooms to access information about freshly brewed coffee via smartphones."
  • Alibaba’s Alipay Now Sees Over Half Of Its Transactions In China From Mobile Devices - TechCrunch - "The company‘s latest report found that 54 percent of the number of transactions on its PayPal-like service during the first ten months of 2014 were from mobile devices."
  • How the Rising Dollar Could Trigger the Next Global Financial Crisis - Wall St. Journal - "When the emerging-market currency is strong and the dollar is weak, that manufacturer’s balance sheet looks sturdier–and the local bank sees that and lends more readily. Thus a weak dollar can lead to a global credit boom."

On the Wires:

  • Dynamics Inc. Raises $70 Million in Series C Funding - "New investors MasterCard and CIBC were joined by existing backers Bain Capital Ventures and Adams Capital Management."
  • MasterCard and Dynamics Inc. Partner to Drive Innovation within Interactive Payment Card Market - “At MasterCard, we are focused on driving innovation across the entire payments industry, and continue to invest in the technologies, solutions and companies that will help our customers and partners expand their business and serve their cardholders in new ways,” said Carlos Menendez, Group Executive, Global Credit and Debit Products at MasterCard. “In working with Dynamics, we have secured a partner with deep technology capabilities and market-leading manufacturing capabilities to help drive innovation in the interactive payment card market while moving in lockstep with MasterCard’s mobile and digital enablement strategy.”
  • Speed for all – Faster Payments publishes vision for a New Access Model - "More challenger banks and other non-traditional players could benefit from direct access to Faster Payments, the UK’s immediate internet, mobile and phone banking payment service, through proposals for a New Access Model published today, (Monday 8 December)."
  • SWIFT enters into real-time retail domestic payments - "On 2nd December, Australia's New Payments Platform (NPP) Steering Committee announced it has selected SWIFT to provide the infrastructure for its New Payments Platform (NPP) project, a new Australian fast payments infrastructure."
  • BitPay Integrates With DriveWealth to Bring Bitcoin to Investors Worldwide - “Providing users with the added security of bitcoin as a payment method makes the whole process easier, and gives users peace of mind,” says Tony Gallippi, Co-Founder and Executive Chairman of BitPay. “With Bitcoin, users will no longer have to wait days or weeks for an account to be funded because this integration will make their deposit process seamless.”
  • Fiserv Names Marc West Division President, Digital Channels - "Before joining Fiserv in 2013, West was the president and CEO at Mamasource, an e-commerce platform focused on moms, where he focused on business growth and strategic partnerships. He has also served as managing director of e-Business at Barclays Global Investors, and has held senior leadership positions at H&R Block and Electronic Arts."

Updates from Glenbrook:

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

November 05, 2014

Headline News from PaymentsNews.com - November 5, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

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

September 25, 2014

Headline News from PaymentsNews.com - September 25, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

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

September 11, 2014

Headline News from PaymentsNews.com - September 11, 2014

On the Web:

  • Apple Pay Stirs, But Doesn’t Shake, the Mobile Landscape - PaymentsViews.com (George Peabody) - "Looked at it from the payment context alone, Apple Pay does not do a great deal more than what Softpay/Isis and Google Wallet have already achieved. But the combination of Apple’s design focus and its assumption of a reasonably non-threatening role within the payments ecosystem should make a difference."
  • MasterCard Loses EU Court Case Over Interchange Card Fees - Wall St. Journal - "Europe's top court on Thursday backed a decision by the European Commission to ban cross-border fees set by MasterCard on the grounds that they harmed competition."
  • How Apple Pushes Entire Industries Forward - HBR Blog Network (Maxwell Wessel) - "Apple used its power as an impatient convener to move an industry. Yesterday, Tim Cook showed that, like the White House, when Apple calls, you answer."
  • How Apple Pay works and why it matters for developers - Clover Developers Blog - "Apple Pay marks the first time a popular operating system is making payments a platform service for real-world, non-digital-good transactions, in a broad, inclusive manner that is compatible with the mainstream payments processing industry."
  • Apple Pay and the CFPB - Credit Slips (Adam Levitin) - "I think Apple may have just become a regulated financial institution, unwittingly. Basically, I think Apple is now a "service provider" for purposes of the Consumer Financial Protection Act, which means Apple is subject to CFPB examination and UDAAP."
  • 8 ways that iOS 8 will change mobile engagement - Mobile Commerce Daily - "Over the last five years, push notifications have grown from a developer tool to deliver alerts to users to become the most transformative marketing technology of the last decade, driving dramatically greater consumer response than traditional channels such as email."
  • Coinbase Expands Internationally, Now Available In 14 Countries - Coinable Blog - "Coinbase is now available in 14 countries. We’re adding 13 additional countries across Europe including Italy, Spain, France, Belgium, the Netherlands, Austria, Cyprus, Finland, Greece, Latvia, Malta, Portugal, and Slovakia."

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!

September 04, 2014

Headline News from PaymentsNews.com - September 4, 2014

On the Web:

  • Top of Mind Payment Issues in Europe - PaymentsViews.com (Elizabeth McQuerry) - "One overarching point is that even as the Euro serves as a common currency in 18 countries, you really can’t think in terms of “European payment preferences”. Rather, there are German payment preferences, French payment preferences, and so on."
  • McDonald’s preparing for launch of NFC-based mobile payments system - Mobile Commerce Daily - "An internal memo sent to McDonald’s franchises this week informed employees that they must be trained on the near-field communication (NFC) payment systems by Monday, Sept. 15..."
  • Merchants Will Decide The Fate of Apple's Mobile Wallet - Forrester (Denée Carrington) - "To be successful, Apple’s wallet must have a compelling merchant value proposition - like lowering a merchant’s operational costs or helping to drive more revenue - in order to win merchant acceptance and preference at checkout."
  • Top US Colleges Begin Offering Bitcoin Courses - CoinDesk - "Professor Geoffrey Miller taught the first class of NYU’s new course, The Law and Business of Bitcoin and Other Cryptocurrencies, yesterday."
  • Peter Thiel's contrarian strategy - Fortune - "Among students of business, PayPal may be known less for its own success than for the subsequent achievements of the people Thiel helped attract to build it."
  • Episode 565: The Story Of Alibaba - NPR Planet Money Podcast - "You can think of Alibaba like Amazon or Ebay, except you can buy way more on Alibaba — you can get a used 747 airplane, or an oil tanker, or 500 million tiny screws."

On the Wires:

  • FIS Brings Instant P2P Payments Capabilities to EverBank - “EverBank clients want to be able to quickly send payments online or from their mobile phones to friends, family or colleagues, using just an e-mail or mobile number, and they trust us to provide those payment services safely and securely,” said Vincent Amato, EverBank senior vice president and director of banking operations. “FIS People Pay allows us to provide such a service, fully branded to our bank, so our clients have the safe, secure payment services they’re looking for.”
  • Pizza Hut and Visa Checkout Ready to Dish Up A Million Pizzas - “Visa Checkout offers our customers another simple and secure way to quickly order online from Pizza Hut, and we’re excited to be the first pizza company to pass along this convenience to consumers,” said Carrie Walsh, chief marketing officer for Pizza Hut. “With this incredible offer of one million pizzas we think people will be energized to experience this latest technology.”

Updates from Glenbrook:

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

September 03, 2014

Headline News from PaymentsNews.com - September 3, 2014

On the Web:

On the Wires:

  • Merchant Customer Exchange Unveils its Mobile Payment Network – CurrentC™ - "CurrentC is a software-based solution that works with most existing point-of-sale and payment terminals — providing merchants large and small with a cost-effective entry point into the mobile payments movement. CurrentC will utilize a secure paycode and will not require additional hardware from most customers or merchants."
  • A Message from CEO, Michael Abbott: Isis Wallet is Becoming Softcard - "Together with a simple and flexible visual system, the inherent simplicity of Softcard gives it the potential to become a category defining name. That’s a bold aspiration, but one that matches the breadth of our vision."
  • MasterCard Announces Inaugural MasterCard Start Path Class - “The opportunity to work closely with each of our Start Path startups that are experimenting with the next generation of commerce solutions is really exciting,” said Stephane Wyper, MasterCard Start Path Global Lead. “We’re looking forward to rolling up our sleeves with the companies to tackle immediate challenges as they scale their business by connecting them directly with subject matter experts from across MasterCard and the global partners we work with.”
  • NFL Fans Score with Visa Checkout - The Easier Way to Pay Online - Through our relationship with merchants on creative customer promotions, we’re showcasing the easier way to pay online in a really powerful way,” said Antonio Lucio, chief global brand officer, Visa Inc. “This campaign is a great example of how Visa is teaming up with leading merchants to showcase a better way to pay online. It also allows millions of consumers to experience and enjoy first-hand how, with Visa Checkout, we’ve brought the simplicity and speed of the ‘swipe’ to the online world.”
  • Acquisition of Clear2Pay Bolsters FIS’ Enterprise Payments Portfolio - "This strategic acquisition demonstrates our commitment to delivering the technologies and assets that will enable our clients, especially large and global institutions, to realize a truly modern payments environment that encompasses all customer channels, simplifies payment operations, reduces costs and provides a better customer experience.”
  • Fiserv Redesigns Corillian Online Banking to Deliver a Simplified, Tablet-Inspired User Experience - “Online banking continues to be the foundational experience of digital banking,” said Jim Tobin, senior vice president and general manager, Digital Channels, Fiserv. “It’s important to get online right, because so many other channels extend from it, and that is why we put so much thought into the redesign of Corillian Online ASP."
  • Late Payment Culture Hinders Growth for Global Businesses - "Over half (57%) of international businesses surveyed by Basware and MasterCard admit to having actively delayed paying their suppliers in the past 12 months. The findings underscore a late payment culture, which three out of four businesses now consider normal practice, that is hampering in particular small and medium-sized enterprises (SMEs)"

Updates from Glenbrook:

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

August 14, 2014

Headline News from PaymentsNews.com - August 14, 2014

On the Web:

On the Wires:

  • BitPay Expands San Francisco Office - "As part of the recent growth, the company has named Sonny Singh as its Chief Commercial Officer to oversee all sales operations. With over 15 years of experience in helping to grow tech companies, Sonny will be responsible for increasing BitPay’s customer base of over 40,000 merchants."
  • DISH Accepts Its First Bitcoin Payment - "Austin and Beccy Craig, the stars of a new documentary film “Life on Bitcoin,” were the first DISH customers to pay with the digital currency. The Craigs spent the first 101 days of their marriage paying exclusively with bitcoin. The documentary will soon be released chronicling their adventure and educating viewers about bitcoin."

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!

July 31, 2014

Headline News from PaymentsNews.com - July 31, 2014

On the Web:

On the Wires:

  • MasterCard Incorporated Reports Second-Quarter 2014 Financial Results - “We are pleased with another quarter of solid performance, driven by healthy volume and revenue growth,” said Ajay Banga, president and CEO, MasterCard. “We continue to invest in our strategic initiatives, including acquisitions, while strengthening partnerships with banks, merchants, governments and mobile operators to grow and improve our business and theirs.”
  • Vantiv Reports Second Quarter 2014 Results - "The second quarter marks an exciting time at Vantiv," said Charles Drucker, president and chief executive officer at Vantiv. "We delivered another solid quarter of growth, and we executed on many of our strategic initiatives. By investing in high-growth channels, we have positioned Vantiv as a leader in the industry that will win share as the market evolves."
  • LifeLock Announces New Personalized Alerts Across Credit Cards, Checking, Savings and Investment Accounts - LifeLock President Hilary Schneider said, “Only LifeLock can monitor for identity theft across such a broad array of a consumer’s financial accounts, going significantly beyond simple credit monitoring. Consumers now have even more tools to give themselves peace of mind. This is particularly important in a digital world where identity thieves are constantly changing tactics"
  • BitFury Announces Hosted Mining Services - "BitFury is one of the oldest and largest Bitcoin miners in the world. Some 40 percent of all Bitcoins are mined using BitFury chips."

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!

July 25, 2014

Headline News from PaymentsNews.com - July 25, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

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

June 12, 2014

Headline News from PaymentsNews.com - June 12, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

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

May 15, 2014

Headline News from PaymentsNews.com - May 15, 2014

On the Web:

  • Payments regulation: a summary of the latest views - Financial Services Club Blog (Chris Skinner) - "This new generation could be real-time payments, which were discussed in a strategy roundtable session. At present there are around 35 faster or real-time payments initiatives launched or under development globally."
  • EMV migration won't save retail - Fierce RetailIT - "Some contend that fraud will actually increase during the shift to EMV cards."

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!

April 21, 2014

Headline News from PaymentsNews.com - April 21, 2014

On the Web:

  • Mobile-Payments Startup Square Discusses Possible Sale - Wall St. Journal - "With losses widening and cash shrinking, representatives of mobile-payments startup Square Inc. have discussed a possible sale to several deeper-pocketed rivals, according to people familiar with the matter."
  • Facebook: Taking on PayPal with socially useful banking - The Independent (UK) - "As a new entrant to the financial-services marketplace, Facebook therefore has a huge advantage. It remains the go-to social network which gives it instant access to potentially millions of fed up UK bank customers."
  • The plot to kill the password - The Verge - "Since 2012, a group called the FIDO Alliance has been working on that standard, building a bridge between hardware projects like Samsung’s fingerprint reader and the online services they’re connecting to."
  • 8 Tools to Send Messages to Shoppers Based on In-Store Movements - StreetFight - "Here are eight tools that merchants can use to send offers or promotions based on their customers’ real-time indoor movements."
  • Using Bitcoin to Build a Better Common Law - The Umlaut - "The basic idea is to use multiple addresses per private key in order to make it harder to hijack your bitcoins."

On the Wires:

  • NetSpend, Western Union to Introduce Co-Branded Prepaid Card in the U.S. - “Combining the strengths of Western Union’s global brand and expertise in moving money with NetSpend’s deep prepaid knowledge and unique product capabilities, creates an incredible opportunity for us to better serve an underserved market,” said Dan Henry, chief executive officer of NetSpend.

Updates from Glenbrook:

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

April 15, 2014

Headline News from PaymentsNews.com - April 15, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

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

April 13, 2014

Headline News from PaymentsNews.com - April 14, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

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