Payments News from Glenbrook Partners
Glenbrook   Book   Education   Views   Archives   Store   Advertise   About         SUBSCRIBE:

Financial Technologies

Welcome to the News View for "Financial Technologies".

Here, on these archive pages, you'll find all of the articles on Payments News for Financial Technologies 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.

Subscribe to Payments News!

April 18, 2016

Headline News from - April 18, 2016



  • FIS and The Clearing House Prepare Real-Time Payments to Go Nationwide - “FIS is a proven leader with extensive experience in developing and delivering innovative new payments services to its customers, so we are excited they have partnered with us to launch this pilot program,” said Russ Waterhouse, executive vice president, Product Development and Strategy at The Clearing House. “True, real-time payments that clear and settle within seconds are right around the corner. Not only is FIS helping us bring this system to market quickly, they are also going to play a key role in helping us achieve ubiquity in the U.S.”
  • Capital One, Fifth Third, PNC, TD, and Wells Fargo Invest in Transactis - "Five of the largest U.S. commercial banks — Capital One, Fifth Third, PNC, TD, and Wells Fargo — and Safeguard Scientifics announced they have invested a total of $30 million in Transactis, a leading provider of electronic billing and payment solutions."
  • Revel Systems Partners with Verifone to Simplify & Enhance Payment Management for Merchants - “Revel is a platform designed to offer clients a seamless customer experience, and having a payment component that will simplify our clients’ lives is important to us,” said Lisa Falzone, co-founder and CEO of Revel. “Verifone has more than 30-years of payments expertise and a worldwide team of payments specialists that will provide our clients with the most secure and technologically advanced payments capabilities. With this integration, we are continuing our mission to help business operators and entrepreneurs create the business of their dreams.”
  • MasterCard, Western Union Join bKash to Make Cross-Border Money Transfers into Mobile Phones a Reality for 22 Million Bangladeshis - "MasterCard plays a critical role in this relationship by providing the real-time, back-end solution via its innovative MasterCard Send Platform, which, by connecting bKash, BRAC Bank and Western Union, helps to further enhance the efficiency and reliability of the end-to-end remittance process."
  • Samsung Pay Adds TD Bank and Regions Bank, Rapidly Expanding Financial Partners - "Samsung Electronics Co., Ltd. announced today that Samsung Pay, the most widely accepted mobile payment system, will soon support eligible credit and debit cards from TD Bank and Regions Bank, in addition to 60 Visa and MasterCard banks and credit unions launched since early March 2016."


Our next Glenbrook payments education events are coming up in May - both in Palo Alto, CA - 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.


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:!

April 07, 2016

Headline News from - April 7, 2016



  • Nation’s Financial Institutions On Target To Offer Same Day ACH Payments In 2016 - “Financial institutions see the value in providing new, faster payment options to their customers with certainty and surety, and Same Day ACH allows them to do that in 2016,” said Janet O. Estep, president and CEO of NACHA. “These findings support our earlier research that Same Day ACH volume will come from use cases like payroll and B2B payments.”
  • With PayNearMe and, Federal Tax Payments Are Now Payable Using Cash at 7,000 7-Eleven Stores - "Government agencies and payment processors use PayNearMe to collect cash payments for everything from utilities to bike share membership," said Danny Shader, founder and CEO of PayNearMe. "Customers appreciate when the organizations care enough to offer them payment options at convenient locations and the organizations are happy to automate traditionally time-consuming payment processes to enable payments 24 hours a day."
  • Adyen launches RevenueAccelerate - Pieter van der Does, CEO & Founder of Adyen, explained, “Ecommerce businesses need to challenge their payments provider to not only process payments but actually drive growth. We are able to offer RevenueAccelerate because we have something that no other payments solution has – a completely new infrastructure that utilizes all the rich data needed to optimize payments success.”


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.


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:!

December 14, 2015

Headline News from - December 14, 2015

On the Web

  • Interchange Regulation Comes to Europe - (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 - - "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:!

September 03, 2015

Headline News from - September 3, 2015

On the Web:

  • Credit-Card Fraudsters Pump Gas Stations for Profit - Wall St. Journal - "The crime wave has been driven by the flood of stolen credit-card data easily accessible online, much of which was swiped in high-profile breaches."
  • Cashback cull: Tesco halves Clubcard points for 2.8m credit card holders - The Telegraph - "Millions of Tesco credit card holders will see their cash earnings halved overnight as a result of new European laws that have forced several high street lenders to withdraw cashback deals."
  • Small Businesses Are Slow to Embrace New Chip-Card System - Wall St. Journal - "Many small businesses aren’t switching, mainly because they don’t know about the shift or don’t see any payoff from the new systems, which are slightly slower."
  • 4 trends in fintech startups - O'Reilly Radar - "It’s hard for incumbents to innovate existing businesses in house, and this is where startups thrive: testing new business models and pushing the limits of technology unencumbered by regulations or corporate baggage. Hackathons and startup competitions are where innovative ideas are tested."

On the Wires:

  • MasterCard Start Path to Build the Future of Commerce with Startups - “Start Path thoughtfully connects the right partners with the right startups to build the future of commerce together,” said Stephane Wyper, Global Lead of MasterCard Start Path. “And now with our global expansion, we will be able to target a broader range of startups and help them achieve success."
  • FLEETCOR Announces New Executive Appointments to its Comdata Business Units - “We’re delighted to welcome Greg and Kurt to the Comdata and FLEETCOR management team,” said Ron Clarke, Chairman and CEO of FLEETCOR. “Each brings successful general management experience to their new roles. We expect these executive additions will help accelerate the implementation of our Comdata growth plans.”

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:!

May 19, 2015

Headline News from - May 19, 2015

On the Web:

  • A bitcoin miner in every device and in every hand - Medium (Balaji Srinivasan) - "21 is now officially open for business — and business development. After much hard work, we’ve created an embeddable mining chip which we call the BitShare that comes in a variety of form factors. The 21 BitShare can be embedded into an internet-connected device as a standalone chip or integrated into an existing chipset as a block of IP to generate a continuous stream of digital currency for use in a wide variety of applications."
  • How Silicon Valley Joined the Bitcoin Gold Rush - FastCompany - "Wences agreed with Hoffman that Bitcoin was unlikely to be catch on as a payment method anytime soon. But for now, Wences believed that Bitcoin would first gain popularity as a globally available asset, similar to gold. Like gold, which was also not used in everyday transactions, Bitcoin’s value was as a digital asset where people could store wealth."
  • NYSE Launches Bitcoin Index Powered by Coinbase - Coinable Blog - "Today the New York Stock Exchange launched the NYSE Bitcoin Index (NYXBT), a benchmark for the daily price of bitcoin. NYXBT represents the U.S. Dollar value of one bitcoin, based on transactions occurring on Coinbase Exchange and other select bitcoin exchanges."
  • Leaderless Bitcoin Struggles to Make Its Most Crucial Decision - MIT Technology Review - "Under the one-megabyte-per-block limit, the network can process only about three transactions per second. If Bitcoin becomes a mainstream payment system, or even a platform for all kinds of other online business besides payments (see “Why Bitcoin Could Be Much More Than a Currency”), it’s going to have to process a lot more. Visa, by comparison, says its network can process more than 24,000 transactions per second."
  • Digital Gold - AVC (Fred Wilson) - "A lot of people ask me “are you still bullish on Bitcoin” and that question irritates me. Because it suggests that Bitcoin is simple. Bitcoin is not simple, it is not going away, and it continues to fascinate me more than almost anything out there in the tech sector."
  • Why banks (and PayPal) don't simplify - Financial Services Club Blog - "A bank cannot compete with a specialist who is simplifying a marketplace or financial activity, because an incumbent bank's systems and structures are usually too rigid, old and inflexible to change. That is why the new entrant simplifier can create P2P credit at less than 100 basis points differential (1% difference between their lending and savings rates) compared to a bank's 400 basis points or more. A bank has to cover the costs of their heritage buildings, people and infrastructure. A start-up has none of that legacy or overhead."

On the Wires:

  • NACHA Membership Approves Same Day ACH - “The financial services industry has come together through private-sector rulemaking to increase the speed of payments,” said Janet O. Estep, president and CEO of NACHA. “Same Day ACH serves as an immediate action the industry has undertaken to modernize the payments system, and creates a building block for a variety of products and services. Same Day ACH creates value for end users through the certainty of its reach to all bank accounts in the U.S.”
  • MasterCard Makes Sending and Receiving Money Faster, Easier and More Secure with MasterCard Send - "Through a single connection to the MasterCard Send platform, businesses, merchants, governments, non-profits, issuers and other senders can send money to consumers whether they are banked or unbanked, and located domestically or abroad. By digitizing personal payments that are typically handled via cash or check, MasterCard is providing greater convenience, choice and security to both payment senders and receivers in developed and developing markets."
  • Visa Checkout Announces Enrolled Customer Conversion Rate of Nearly 70 Percent - "A new report from comScore* found that Visa Checkout shoppers convert to online buyers at a rate of 69 percent. This is likely because Visa Checkout customers complete online transactions faster than other shoppers who have to re-enter card and shipping information every time they want to purchase in the traditional check out flow."
  • QuickBooks Online Gets in Sync with PayPal - “Our collaboration with PayPal, and the app we’ve built as a result, further broadens our thriving payments ecosystem,” said Eric Dunn, Intuit's senior vice president for payments and commerce solutions. “Intuit is committed to delivering a range of personalized best-in-class payments solutions for small businesses. Our open platform allows small businesses to use the tools of their choice and therefore operate efficiently in a frictionless environment.”
  • Ripple Labs Closes $28 Million Series A Funding Round - "Ripple Labs, the global leader in distributed payments technology and supporters of the Ripple protocol, today announced that it closed a $28 million Series A funding round that includes IDG Capital Partners and the venture arms of CME Group and global data storage company Seagate Technology. Other new investors include Jerry Yang's AME Cloud Ventures, ChinaRock Capital Management, China Growth Capital, and Wicklow Capital, the investment vehicle for Dan Tierney and Stephen Schuler, co-founders of GETCO (now KCG)."
  • New Ponemon Institute Survey Reveals Time to Identify Advanced Threats is 98 Days for Financial Services Firms, 197 Days for Retail - “The big takeaway from our research is that more investment is needed in both security operations staff and in security tools, which can help companies efficiently and accurately detect and respond to security incidents,” said Dr. Larry Ponemon, chairman and founder, Ponemon Institute. “The time to detect an advanced threat is far too long; attackers are getting in and staying long enough that the damage caused is often irreparable.”

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:!

January 10, 2014

A Look at Payments Regulation in the US and Innovation

PaymentsViews logo 140pxIn a post titled "Payments Regulation in the United States is Hampering Innovation (Really?)" over on attorney Broox Peterson shares his perspective on payments regulation in the United States and its effect on innovation.
The process of identifying and complying with payments regulation that applies to a startup business is probably less daunting than common perceptions of the process, caused in part by the arm-waving of lawyers and compliance specialists (like me) trying to scare startup businesses to take the regulatory requirements seriously, and perhaps over-succeeding. So let me take a stab at dialing back some of the hysteria over payments regulation."
Broox has done a lot of work in and around this space - his perspective is a very thoughtful one. Share your reaction by adding a comment at the end of his article.

December 16, 2013

Perkins Coie Launches The Virtual Currency Report

Perkins Coie has announced the launch of The Virtual Currency Report, a new blog focused on the law and regulation of Bitcoin and other digital currencies. This new blog provides news and analysis on legal developments relating to Bitcoin and other decentralized digital currencies, math-based currencies and decentralized ledgers.

The Virtual Currency Report team, led by Dax Hansen, consists of attorneys with diverse backgrounds who form Perkins Coie’s Decentralized Virtual Currencies industry practice group. Team members include attorneys: Eric Barber, Jean-Jacques (J) Cabou, Joseph Cutler, Jacob Farber, Judy Jennison, Hillary Levun, Keith Miller, and Lowell Ness.

Perkins Coie’s Decentralized Virtual Currencies industry practice provides regulatory investigations and compliance counseling, litigation support, consumer protection counseling, and business transaction assistance, regarding a range of Bitcoin and digital currency systems, services and products. The firm’s clients include virtual currency exchanges, payment processors, investors and industry associations. Firm attorneys counsel virtual currency clients with respect to various regulatory issues, including compliance with the Bank Secrecy Act, state money transmitter laws and securities and commodities laws and regulations.

December 04, 2013

Headline News from - December 4, 2013

On Twitter:

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:!

May 07, 2013

CFSI: Financial Technology Trends in the Underbanked Market

The Center for Financial Services Innovation (CFSI) and Core Innovation Capital have jointly produced a new paper "Financial Technology Trends in the Underbanked Market" which highlights recent innovations in mobile technology, computing power, and data availability that are driving the development of products and services for underbanked consumers.

“The emerging trends detailed in this research represent tremendous potential for the financial services industry to engage more fully with underserved consumers in value-driven ways,” said Rob Levy, Director, Research, CFSI.

“Our goal is to provide guidance and leadership as entrepreneurs and innovators begin to capitalize on new technology and develop relevant, sustainable, and scalable strategies for meeting consumer needs.”

The four key trends identified in the paper include:
  • Harnessing Social Networks
  • Solving the Cash In/Out Problem
  • Leveraging Big Data for Better Risk Management
  • Scaling Up by Going B2B2C

The paper has been sponsored by Morgan Stanley.

May 31, 2007

FSTC Annual Conference Presentations

The Financial Services Technology Consortium has posted some of the presentations from its recent Annual Conference to its website.

October 02, 2006

Large US Retail Bank To Bet On PKI With Arcot

Glenbrook's Jim Salters files this report: Even if you've been following the authentication space and the industry dash to comply with the FFIEC Authentication Guidance, it's likely that you've never heard of Arcot. But that may soon change. According to the company, a major bank in the US will soon announce their plans to deploy ArcotID technology to its millions of retail banking customers. And while this might sound like just another customer win for an authentication solution provider, this appears to represent a dramatically different authentication strategy than we've seen so far from a large US bank, with interesting implications.


August 17, 2006

More On FSTC Authenticating FI's To Consumers Project

Mentioned earlier here on Payments News, the Financial Services Technology Consortium (FSTC) has formally announced that it has launched a major project aimed at authenticating financial institutions to their customers.


August 09, 2006

FSTC - Authenticating the FI to Consumers Project

The Financial Services Technology Consortium has announced the "Authenticating the FI to Consumers" project, a follow-on to the recently concluded Better Mutual Authentication Project. The project intends to develop use cases dealing with authenticating the FI to consumers, along with applicable threat analyses, processes, evaluation metrics and the testing of combinations of various important emerging technology solutions against Financial Services community use cases and requirements. A project prospectus is available from Dan Schutzer or Chris Nautiyal at the FSTC.

October 03, 2005

Forces Shaping the Payments Environment

The Federal Reserve Bank of Chicago has posted a summary of its 2005 Payments Conference titled "Forces Shaping the Payments Environment" (pdf).

The case of PayPal demonstrates that if existing payment products are unable to satisfy the requirements of the marketplace, new providers may emerge to provide superior payment solutions. Interestingly, such products may be provided by nontraditional payment providers. However, it appears that build upon the existing payment infrastructure. Thus, partnerships with existing payment providers and networks may be critical for greater market adoption.


July 20, 2004

Triton Opens ATM IP Standard to Public Domain

Off-premise ATM supplier Triton has announced that it is opening up its ATM interface specifications through the release of its Triton Standard.

July 06, 2004

OMG's Electronic Payments Interoperability Working Group Issues Request for Information

The Object Management Group has announced that its Electronic Payments Interoperability Working Group (EPI-WG) has issued a Request for Information to the finance industry and other users and processors of electronic payments seeking to shape a standard electronic payments framework that lets institutions everywhere interoperate without replacing existing systems. The RFI is available online. READ MORE »

January 12, 2004

RFID in Financial Services

Glenbrook's Russ Jones has just posted a new opinion piece on RFID in financial services.
If implemented properly, with a careful eye on the special requirements of the financial services industry, RFID holds great promise. But if deployed prematurely or before all the privacy ramifications are understood, it might also provide some nasty and unfortunate surprises.

April 09, 2002

Eweek: Following the Money

Eweek's take on XML in Financial Services.
Payments News on Facebook