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Synchrony Financial

Welcome to the News View for "Synchrony Financial".

Here, on these archive pages, you'll find all of the articles on Payments News for Synchrony Financial 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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July 20, 2015

Headline News from PaymentsNews.com - July 20, 2015

On the Web:

On the Wires:

  • PayPal Celebrates Listing on Nasdaq and Completes Separation from eBay Inc. - “As the world’s open, digital payments platform and most trusted and popular digital wallet, we are excited to celebrate our listing day and embark on our next chapter,” said Dan Schulman, President and Chief Executive Officer of PayPal. “Mobile technology is transforming payments, making it easier, safer and more affordable for people to move and manage their money than ever before. As an independent company, we see a tremendous opportunity for PayPal to expand our role as a champion for consumers and partner to merchants, and to help shape the industry as money becomes digital at an increasingly rapid pace.”
  • Mobile Technology Use Among Shoppers Rises as Retail Habits Change, Synchrony Financial Study Finds - "The survey, conducted in March and April 2015 with nearly 7,000 Synchrony Bank cardholders and random shoppers nationwide, gathered insights on how customers view mobile technology for shopping and what they expect in their mobile retail experience."
  • 5 Ways Chase.com’s Home Page Just Got Better - “We just made it easier for our customers to live and bank the way they want,” said Gavin Michael, Head of Digital for Chase. “We’re excited to bring the look and feel that customers love on the Chase Mobile® app to their desktops and tablets.”
  • NCR Small Business Releases All-in-One Tablet POS System - “NCR Silver Register is designed to help small businesses and franchises to easily focus on what’s important – delivering a higher level of customer service and modernizing their stores,” said Chris Poelma, president and general manager of NCR Small Business. “The bundled solution is affordable and scalable, yet helps business owners power their businesses without the typical implementation challenges associated with many enterprise-level technology solutions.”

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 17, 2015

Headline News from PaymentsNews.com - July 17, 2015

On the Web:

  • CVS Probes Card Breach at Online Photo Unit - Krebs on Security - "Nationwide pharmacy chain CVS has taken down its online photo center CVSphoto.com, replacing it with a message warning that customer credit card data may have been compromised."
  • How to scale: Lessons from Stripe CEO, Patrick Collison - Khosla Ventures - "Stripe CEO, Patrick Collison, talks with Keith Rabois about culture and recruiting. Hear why Stripe tries to hire people who are intrinsically happy, why they’re willing to recruit people who are not initially enthusiastic about the company and what makes their onboarding process unique."

On the Wires:

  • Ethoca Secures USD $45 Million Growth Equity Investment Led by Spectrum Equity - “We are excited to have Spectrum Equity working alongside Ethoca to help accelerate the next phase of our global expansion and the delivery of new collaboration-based services to meet growing customer demand,” said Andre Edelbrock, CEO & Co-Founder of Ethoca. “Importantly, Spectrum supports our mission of reaching what we call ‘maximum acceptance’ – a place where good customers are never turned away and everyone benefits from the financial rewards that result when ecommerce can simply be about commerce.”
  • Coming Monday: PayPal Celebrates Listing Day in Times Square - "On July 20, 2015, PayPal Holdings, Inc. will celebrate its new status as an independent public company trading on the Nasdaq Stock Market under the ticker symbol “PYPL” in New York’s iconic Times Square."
  • Synchrony Financial Reports Second Quarter Net Earnings of $541 Million or $0.65 Per Diluted Share - “We continue to grow our industry-leading consumer finance business on several fronts. We have signed new partners across our platforms, extended key contracts, and made technology investments which are yielding innovative, value added services for our partners and customers. We also continued to deliver strong receivables, deposit, and revenue growth,” said Margaret Keane, President and Chief Executive Officer of Synchrony Financial.

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 13, 2015

Headline News from PaymentsNews.com - July 13, 2015

On the Web:

On the Wires:

  • Your Community App Powered by U.S. Bank Launches - “We are continually looking for new and innovative ways to connect with our customers through their mobile devices,” said Dominic Venturo, chief innovation officer for U.S. Bank. “Your Community also allows our business clients to make offers available to individuals near the merchants’ locations. We encourage everybody to download the app and check out all the offers and helpful financial tips.”

  • NCR Small Business Launches NCR Silver Concierge Program, Continues Transition to an Added-Value Services Provider - “Small businesses have great technology at their disposal but often don’t have the luxury of spending time maximizing its potential or making sure elements such as menus are up to date,” said Chris Poelma, president, general manager of NCR Small Business. “We have launched NCR Silver Concierge with the goal of helping merchants maximize their time and technology spend in a way that delivers a quick return on investment, simplifies their businesses, and helps them make better business decisions.”

  • Synchrony Financial and Newegg Introduce Two New Consumer and Business Financing Programs - “We’re excited to work with a company that shares our passion for delivering excellent customer service and a comprehensive shopping experience,” said Glenn Marino, executive vice president and CEO, Payment Solutions, Synchrony Financial. “Offering financing options to individual and business consumers will enhance that experience, providing more purchasing power and flexibility to help them get the products they want and need.”

  • legeus Technologies Introduces Innovative Card-Based Reimbursement Method for Consumer Directed Healthcare Claims - "With card-based reimbursement, consumers receive their reimbursed dollars directly onto their benefit debit cards. The reimbursed funds are credited to a special ‘purse,’ linked to consumers’ existing cards. This reimbursement purse is designed to be completely unrestricted, allowing consumers to use their card to spend their reimbursed dollars anywhere, for anything."

  • Payment Alliance International Offers CardFlight EMV Mobile POS - "The multi-faceted co-branded solution provides encrypted EMV-ready mobile card readers that attach to iOS and Android devices via audio jack, payment acceptance applications, a real-time reporting and administrative dashboard, and a reseller portal for easy on-boarding and portfolio management. Transactions will be processed by PAI through CardFlight’s Payment Card Industry (PCI) Level 1 compliant payment gateway."

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 01, 2015

Headline News from PaymentsNews.com - July 1, 2015

On the Web:

On the Wires:

  • Citi Launches New Citi Mobile App for iPhone in the U.S. - "“Citi customers want mobile banking that is fast, easy and makes their lives simpler,” said Citi Global Consumer Banking Chief Client Experience, Digital and Marketing Officer Heather Cox. “Last year we launched Citi Mobile Snapshot to give customers pre-login access to account information. Today, we are taking the next major step by enabling login with a mere touch through Touch ID..."
  • Payment Card Industry Council Advances Point-to-Point Encryption Standard - “Protecting your customers and your corporate brand continue to be the biggest challenges faced by IT executives,” said U.S.-based The HoneyBaked Ham Co.’s VP of Information Technology Bill Bolton. “To meet that challenge, we’ve worked with a P2PE solution provider to adopt a PCI-validated P2PE payment solution across all our stores in a simplified and cost effective way.”
  • Synchrony Financial and Chevron Introduce More Fuel Savings with Enhanced Credit Card Loyalty Programs, Sign Multi-Year Agreement - “This is an exciting time to launch a simple yet rewarding value proposition to the marketplace. This new program with Synchrony Financial offers our customers an everyday advantage when they use their Techron Advantage Credit Card to fill up at Chevron and Texaco stations,” said Glenn Johnson, General Manager of Americas Marketing Sales & Services at Chevron.

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 15, 2015

Headline News from PaymentsNews.com - June 15, 2015

On the Web:

On the Wires:

  • clearXchange Announces Real-Time Payments Solution - “As people and businesses increasingly transition everyday activities from traditional to online channels they expect things to be completed faster,” said Mike Kennedy, CEO of clearXchange. “This includes financial transactions, particularly those with a need for real-time funds availability such as sending emergency money to kids, paying rent at the last minute or receiving funds for an accident claim or disaster relief. We look forward to offering real-time technology to meet those needs and enable the secure, convenient solutions customers expect from their banks.”
  • MasterCard Continues to Define the Future of Digital Payments with Tokenization Support for App, eCommerce and Recurring Payment Card-on-File Programs - “Merchants continue to innovate in many different and compelling ways for consumers to buy from them, including in app, eCommerce, recurring and subscription-based payment environments. These new experiences all involve storing card numbers,” said Ed McLaughlin, chief emerging payments officer, MasterCard. “We are very excited to announce the extension of our industry-leading MDES program to make all of these merchant shopping environments more secure and convenient for their customers using MasterCard tokens, seamlessly enhancing the systems merchants and acquirers already have in place, and eliminating a significant ‘hassle factor’ for consumers when card numbers change.”
  • MasterCard Becomes First Network to Add Tokenization Support for Private Label Credit Cards for Use in Digital Wallets - “Thanks to our ongoing innovation and strategic partnerships, we are helping shape the future of how private label credit cards work in whichever digital wallet customers choose,” said Margaret Keane, president and CEO of Synchrony Financial. “It was recently announced that our retail partner, JCPenney, will be among the first to offer its private label credit cardholders the ability to checkout with Apple Pay later this year. We are committed to working with our retail partners, MasterCard, and key payments industry players to preserve the benefits of our private label credit cards and patented Dual Cards in third-party digital wallets.”

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!

April 28, 2015

Headline News from PaymentsNews.com - April 28, 2015

On the Web:

On the Wires:

  • Chase Commerce Solutions and USA Technologies Form Strategic Relationship - “We continue to enable commerce through a simple, secure payment experience for consumers and for our business clients,” said Kimberly Fitzsimmons, U.S. Market President for Chase Commerce Solutions. “We are pleased to work with USA Technologies, a market leader in this important and rapidly emerging space to accept all types of payments easily and securely.”
  • Synchrony Financial and Stash Hotel Rewards Announce Exclusive Agreement to Provide Co-Brand Credit Card Program - “We created Stash because we saw travelers passing on exceptional hotel experiences to stay at predictable chain hotels, just so they could earn points,” said Jeffrey Low, Founder and CEO of Stash Hotel Rewards. “Stash is designed to let the traveler have it all – a memorable stay and meaningful rewards. By partnering with Synchrony Financial we’re creating a card that accelerates rewards while keeping with our tradition of remarkable experiences without compromise.”
  • Citi Prepaid Services and Enservio Announce Partnership for Prepaid Insurance Payments - Deirdre Ives, Global Chief Operating Officer of Citi Prepaid Services, said, “We are excited to partner with Enservio to provide our prepaid cards to their flexible, innovative, and cost-effective payment solution for the insurance vertical. Prepaid cards are a smart alternative to checks, and our award-winning prepaid product simplifies claims payments for insurance clients while delivering an exceptional cardholder experience.”

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!

April 17, 2015

Headline News from PaymentsNews.com - April 17, 2015

On the Web:

  • Square’s Jack Dorsey Puts It All Together - BuzzFeed News - "Once a media darling, he hasn’t spoken on the record to the tech press since a New York Times interview in December of last year. It’s not that he’s been hiding, exactly, but he has lowered his profile considerably."
  • PayPal, OFAC, and why regulators play rough - WePay Blog - "When OFAC comes down, they come down hard. In PayPal’s case, that multi-million dollar fine came as the result of less than $50K in transactions over a period of years."
  • Accidental Apple Pay triggers: When iPhone and NFC don't get along - iMore - "But would it be too hard to have a "Dismiss" software button in the top right corner, in case Apple Pay is triggered accidentally? Or keep NFC from working when Airplane mode is enabled?"
  • Could the Chip Card Transition Lead to More Online and Small-Merchant Fraud? - n>genuity - Going forward, the trick will be keeping the checkout process both easy and secure, says George Peabody, a partner at Glenbrook Partners. "The challenge is friction from a checkout point of view. If merchants are looking for security perfection, then they are going to be turning away good sales."
  • PayPal Wants You to Inject Your Username and Eat Your Password - Wall St. Journal Digits - "In an interview with The Wall Street Journal, Mr. Leblanc said that passwords were broken, and that it was time to replace the concepts and methods of username and password verification."

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!

April 14, 2015

Headline News from PaymentsNews.com - April 14, 2015

On the Web:

On the Wires:

  • JPMorgan Chase Reports First-Quarter 2015 Net Income of $5.9 Billion - Jamie Dimon concluded: “JPMorgan Chase continues to support consumers, businesses and communities and make a significant positive impact. We have an outstanding franchise which is getting safer and stronger, and is gaining market share over time. We continue to build the company for the long-term, we are investing in controls, infrastructure, systems, technology, new products and bankers. We will continue to navigate challenges and deliver for our clients, shareholders and communities.”
  • Wells Fargo Reports $5.8 Billion in Net Income - “Our solid first quarter results again reflected the benefit of our diversified business model and the continued focus of our 266,000 team members on serving the needs of consumer and business customers," said Chairman and CEO John Stumpf. “We continued to strengthen our customer relationships in the quarter, as reflected in strong growth in deposits and primary checking customers. In addition, our mortgage business was able to serve more customers by refinancing their mortgage loans with lower rates."
  • Early Warning and BioCatch Align to Help U.S. Financial Services Organizations Fight Fraud and Improve Digital Experience - “Early Warning has taken yet another fundamental and unparalleled step in securing and optimizing digital financial transactions,” said Paul Finch, CEO of Early Warning. “Integrating BioCatch’s behavior analytics, plus our ability to authenticate consumers and their devices via the Mobile Network Operators, enables participating banks to provide a more seamless and secure digital experience for their customers as well as increase their own operational efficiencies.”
  • U.S. Bank Introduces Virtual Payment for Travel Intermediaries - “Automatic reconciliation is critical to our partnership with travel intermediaries,” adds Jeff Rankin, U.S. Bank global executive for Large Market and Public Sector Bankcard. “Our single-use account solution provides an alternative to central travel accounts, creating a 1:1 relationship between the booking data and the transaction data and reducing overhead. We are pleased to bring these capabilities to our clients and see their businesses grow as they serve their global customers in new and better ways.”
  • Synchrony Financial and Guitar Center to Introduce New Consumer Financing Program - "According to Synchrony Financial’s third annual Major Purchase Consumer Study, 72 percent of music shoppers always seek promotional financing, and 77 percent of respondents said that the availability of financing is “very important” when choosing a retailer. Musical instruments and gear also lead online purchases across the 12 categories included in the study."
  • New TNS Card Scheme Gateway Set to Accelerate UnionPay Acceptance Worldwide - Lisa Shipley, Executive Vice President and Managing Director of TNS’ PaymentNetwork Solutions, said: “We’re delighted to have secured this arrangement with UnionPay to establish this gateway to promote in-store card acceptance internationally. UnionPay is a significant player within the card industry globally and merchants and banks have long recognized the importance of being able to accept payments made via its card."
  • Kofax and Blackhawk Network Announce OEM Agreement - "Blackhawk Network has developed strong relationships with major retailers and payment systems which gives it a competitive edge in supporting digital wallets," stated Drew Hyatt, Senior Vice President of Mobile Capture Applications at Kofax. "Kofax Mobile Capture adds valuable user functionality to GoWallet and to Blackhawk Network’s digital platform, and benefits Kofax by adding Blackhawk to our growing list of mobile industry leaders.”

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 27, 2015

Headline News from PaymentsNews.com - March 27, 2015

On the Web:

On the Wires:

  • Synchrony Financial Extends mApply Mobile Credit Applications for Payment Solutions Customers and Merchants = "Synchrony Financial’s 2014 Major Purchase Consumer Study found that 79% of all shoppers surveyed agree that financing makes large purchases more affordable. Combined with the rapid growth in mobile shopping – 53% of U.S. consumers report using their mobile phone for shopping activities (Synchrony Financial Insights Study, March 2015) – it is clear why the mApply product is popular with both retailers and customers."

Glenbrook's 2015 Payments Education Update!

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 02, 2015

Headline News from PaymentsNews.com - March 2, 2015

On the Web:

On the Wires:

  • Costco Enters Into a Long Term Co-Brand Credit Card Agreement With Citi and an Acceptance and Co-Brand Agreement With Visa - "Under the terms of the agreements, Citi, the world's largest issuer of consumer credit cards, would become the exclusive issuer of Costco's co-brand credit cards and Visa will replace American Express as the credit card network for Costco in the United States and Puerto Rico beginning April 1, 2016."

  • Visa and Samsung Bring Mobile Payments to the New Samsung Galaxy S6 - “Working in partnership with Samsung, we are able to bring secure mobile payments to millions of consumers around the world,” said Ryan McInerney, global president, Visa Inc. “Combining Visa’s expertise in payment technology with Samsung’s global leadership in creating innovative mobile experiences gives more choice to financial institutions who want to enable their customers to pay with the new generation of mobile devices.”

  • MasterCard Works with Samsung to Deliver Samsung Pay - “This is an exciting time for payments,” said Ed McLaughlin, chief emerging payments officer, MasterCard. “As consumers are increasingly relying on their mobile devices in their everyday lives, we are excited to work with an industry leader like Samsung to deliver new payment options to our cardholders around the world. We have been a pioneer of mobile commerce innovation for years and together we’re delivering a digital payment experience that is both simple and secure.”

  • U.S. Bank, Samsung Working on New Mobile-Payments Service - “We're thrilled to have payments become a core capability of the mobile phone,” said Pam Joseph, vice chairman and head of U.S. Bank Payment Services. “The result of mobile payments is that our customers can use the same, familiar credit-card payment system but with added security and convenience.”

  • Synchrony Financial Enables Private Label Credit Card Benefits Through the Samsung Pay Secure Mobile Wallet - “This fits perfectly into our mobile wallet strategy to build, partner and invest in the latest technologies to benefit our customers and our partners,” said Margaret Keane, President and CEO of Synchrony Financial. “We continue to make our cards valuable to consumers, retailers and merchants and are pleased to expand our capabilities to securely offer private label credit card benefits through this mobile payment solution.”

  • Visa and Airtel Extend Mobile Payments to Seven African Countries - “Mobile payments can transform the lives of people throughout Africa who commonly have access to a mobile phone, but not a bank,” said Vish Sowani, Vice President of MNO Partnerships for Visa. “For most new subscribers, this will represent their first payment account and bring some of the latest digital payment advancements into the everyday experiences of Airtel’s customers.”

  • Announcing Bango Grid: The Global Launch Pad for Carrier Billing - Ray Anderson, Bango CEO said: “There are more than 700 MNOs globally, with different billing systems. It is no surprise that even the most ambitious app stores have not yet achieved 100 MNO activations. Bango Grid is rocket fuel for app stores, providing the only way to increase carrier billing activations at scale. For the first time, the tools required to activate hundreds of markets are all in one place, through one integrated system. Backed-up by the Bango Payments Platform, app stores can now make carrier-billed payment a reality for every customer."

  • MasterCard Reveals Consumer Sentiment on Payments Evolves from “Why Mobile?” to “What’s Next?” in 24 Months - "According to the latest MasterCard research, consumers have shifted their focus from questioning the security of mobile payments to now discussing the possibilities of enhanced digital experiences on devices."

  • MasterCard and Cubic to Make Mobile Devices the Remote Control for Global Cities - “MasterCard and Cubic, both lead members in the Smart Cities Council, share a vision to improve quality of life for everyday citizens in cities and help authorities to better manage population growth and urban development,” said Will Judge, head of Urban Mobility, MasterCard Enterprise Partnerships. “Combining our expertise and reach allows us to ultimately drive greater value and make consumers’ lives easier and more enjoyable as they travel around and between connected cities.”

  • ACI Worldwide and STS PayOne Partner to Provide ePayment and Fraud Prevention Services to the Middle East - Commenting on the partnership, Mr. Janti Abdallah, STS PayOne General Manager, said: “We strive to offer the best ePayment solutions to our clients, which includes providing the highest levels of security and fraud prevention. We were among the first to adopt and promote 3D Secure in the region, in addition to PKI and SSL encryption, not to mention achieving PCI-DSS compliance. The partnership with ACI Worldwide is in line with this eagerness to adopt best practices in fraud prevention and sustain our distinction and innovation.”

  • Intel Launches New Mobile SoCs, LTE Solution - “The evolution of the mobile landscape and growth of smart, connected devices has led to increased demand for more connectivity and real-time, protected data on those devices,” said Krzanich. “All of these factors are driving a transformation of the network to accelerate the delivery of new personal computing experiences, services and capabilities in a safe and secure manner. Intel is one of the only companies in the world that can provide solutions end-to-end for the full spectrum of mobility.”

  • NXP Launches New Secure Service Development Platform for Secure Mobile Transactions - “The SSDP supports partners wanting to create new secure applications by removing the technical challenges they face in getting credentials on to the secure element in phones and wearable devices. Now, instead of taking months, new applications can be created and validated in a matter of weeks,” said Jeff Miles, VP Business Development, NXP Semiconductors. “The SSDP will streamline the process for the development community therefore enabling phone and wearable technology manufacturers to bring these new apps to market faster.”

  • Raise Welcomes Gift Card Pioneer Don Kingsborough to Board of Directors - “Don has had a career full of incredible successes, and the role he played in cementing gift cards as a shopping staple has really set the stage for what we do at Raise,” said George Bousis, founder and CEO of Raise. “He's seen everything on all sides of the spectrum and will be a valued advisor to the company as we rely on his unparalleled experience and know-how to help manage growth, expectations, hiring, infrastructure and more."

  • SecureKey Announces $19M in New Funding to Broaden Adoption of Its Identity Network Services - “SecureKey allows organizations to build or subscribe to an identity network that connects consumers to online services via a trusted third-party credential of their choice, where both privacy and security are paramount,” said Charles Walton, CEO of SecureKey. “The funding will help SecureKey accelerate its growth, as people, governments, and organizations worldwide embrace a future that removes the burden of passwords while giving consumers the convenience, choice, and control they deserve.”

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 21, 2015

Headline News from PaymentsNews.com - January 21, 2015

On the Web:

  • EBay Announces Job Cuts, Icahn Pact - Wall St. Journal - "EBay Inc. announced plans to cut about 2,400 jobs, or about 7% of its workforce, as the e-commerce giant prepares to spin off its PayPal electronic-payments business later this year from marketplace."
  • The 3Ps of the blockchain: platforms, programs and protocols - O'Reilly Radar - "Although it may be early to baptize new buzz lingo like “Blockchain as a Service” (BaaS) or “Blockchain as a Platform” (BaaP), there is a burgeoning landscape of various implementations and activity in and around the blockchain’s decentralized consensus protocol technologies."
  • Walmart offering cash pickup option for tax refunds - Chain Store Age - "In its newest move to offer more in-store financial services, Walmart is offering shoppers the option to pick up their tax refunds in cash. The new service, called Walmart Direct2Cash, is available nationwide starting Jan. 20."
  • Intuit Buys ZeroPaper, Its First Acquisition In Brazil - TechCrunch - "We are thrilled to work with ZeroPaper to reach small businesses, many just getting started and others, more established and larger businesses in need of the robust solutions in the QuickBooks Ecosystem, Dan Wernikoff, SVP & GM of the Small Business Group.
  • Seeing foreign interest in agri, infra & tech: MasterCard - MoneyControl.com - "India US trade will cross USD 500 billion by 2015. That’s the word coming in from Ajay Singh Banga, CEO, MasterCard."

On the Wires:

Glenbrook's 2015 Payments Education Schedule Now Available!

Updates from Glenbrook:

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

October 20, 2014

Headline News from PaymentsNews.com - October 20, 2014

On the Web:

  • Apple Store app updated with Apple Pay support - iMore.com - "You can use Apple Pay both when ordering online, as well as when checking out at an Apple Store with EasyPay."
  • OpenTable adds Apple Pay support for iPhone in three US cities - iMore.com - "OpenTable, the popular restauant reservation service, has updated its iPhone app that adds Apple Pay support..."
  • Bank of England payment system crashes - Guardian - The Bank of England said it had “identified a technical issue related to some routine maintenance of the RTGS payment system and has paused settlement while we resolve it”.
  • Apple Pay Rolls Out, With Holes in System - Wall St. Journal - "Many retailers—including the nation’s largest, Wal-Mart Stores Inc. —aren’t part of Apple’s network. Only a minority have machines capable of reading the near-field communication radio signal that makes Apple Pay work."
  • Apple Pay Faces Lighter Compliance Than Paypal, Google - WSJ Risk and Compliance Journal - “If the device maker does not accept and transmit value, and just transmits encrypted card information that is used by the regular payment system to process the payment among regular participants, it wouldn’t be a money transmitter...”
  • Recurly Raises $12M To Chart the Future of Recurring Billing - Recurly Blog - "We are excited about bringing on a new set of world-class investors - Devonshire Partners and Greycroft Partners - who will add to our existing bench comprised of Polaris Partners, e.ventures, Harrison Metal and Freestyle.vc."

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 22, 2014

Headline News from PaymentsNews.com - September 22, 2014

On the Web:

On the Wires:

  • Citi Launches Citi Mobile Challenge to Fuel Digital Innovation - "Citi will provide developers with a suite of tools they can use to build solutions to benefit consumers either through mobile applications or the Internet of Things. Selected participants will present their concepts at demonstration events in Miami, New York and Silicon Valley and finalists will have the chance to take their technologies into production with the support of Citi."
  • Bank of America Changes the Game With Preferred Rewards - “Preferred Rewards is the first program of its kind to offer clients benefits and rewards for everyday banking,” said Dean Athanasia, president of Preferred and Small Business Banking and co-head of Consumer Banking at Bank of America.
  • U.S. Bank Encore Rewards Program for Small Businesses Blazes New Path for Industry - “This is the first time an American bank is giving small-business customers what they deserve: an easy way to earn rewards for combining their card purchasing and processing with one company,” said Cathi Stanton, head of small business credit cards at U.S. Bank.
  • Ingenico Group further expands global partnership with Elavon - "...Elavon has now selected Ingenico Group to be a key partner in supporting its migration to EMV-based payment processing infrastructures in the U.S. In addition, it has chosen Ingenico Group to run Fanfare, Elavon’s omni-channel marketing and customer loyalty program for small-to-medium size U.S. customers."
  • First Weekend Apple iPhone Sales Top 10 Million, Set New Record - “Sales for iPhone 6 and iPhone 6 Plus exceeded our expectations for the launch weekend, and we couldn’t be happier,” said Tim Cook, Apple’s CEO. “We would like to thank all of our customers for making this our best launch ever, shattering all previous sell-through records by a large margin. While our team managed the manufacturing ramp better than ever before, we could have sold many more iPhones with greater supply and we are working hard to fill orders as quickly as possible.”
  • Synchrony Financial Launches New Brand and Advertising Campaign: Engage with Us - Margaret Keane, president and CEO of Synchrony Financial, said, “After conducting extensive research with key stakeholders, we are proud to launch a Synchrony Financial brand campaign that truly represents who we are as a company and the value proposition we offer to our stakeholders."
  • New GSMA Report Sees North America Leading Mobile Investment and Innovation in the Developed World - “Our latest Mobile Economy report reveals how the widespread deployment of 4G networks in North America is creating a virtuous circle, stimulating adoption of new mobile technologies, applications and services that are unlocking new revenue streams for operators and enriching the mobile experience for consumers.”
  • BitFury Forms Strategic Advisory Board With Technology and Venture Industry Leaders - "BitFury Group, the leading Bitcoin infrastructure provider and Bitcoin transaction processing company, formed its strategic advisory board with two key appointments: Silicon Valley investor Jonathan Teo and former UMC Chairman and CEO Dr. Jackson Hu. BitFury also brought on Bob Dykes, founder and president of Tanjarine and former CFO of VeriFone, to its board of directors."

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 25, 2014

Headline News from PaymentsNews.com - August 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!

July 30, 2014

Headline News from PaymentsNews.com - July 30, 2014

On the Web:

On the Wires:

  • First Data Announces Agreement to Acquire Gyft, the Leading Digital Platform that Enables Consumers to Buy, Send, Manage and Redeem Gift Cards Using Mobile Devices - “Gyft, with its mobile gifting platform, and First Data, with its global scale and distribution network, together will accelerate the growth of virtual prepaid with powerful new tools for merchants of all sizes to deepen their relationships with their customers,” said Guy Chiarello, president, First Data. “This means that the same robust toolset deployed by big box retailers will be coming soon to small- to mid-sized businesses, perfectly synched with our mission to offer innovative solutions to help our clients grow.”
  • Amazon Announces Additional US $2 Billion Investment in India - "We see huge potential in the Indian economy and for the growth of e-commerce in India. With this additional investment of US $2 billion, our team can continue to think big, innovate, and raise the bar for customers in India. At current scale and growth rates, India is on track to be our fastest country ever to a billion dollars in gross sales."
  • BitPay's New Plan: Free, Unlimited, Forever - “When we started BitPay in 2011, we saw an opportunity to finally give merchants around the world relief from interchange fees. By offering a basic plan that is free and unlimited, forever, we give merchants yet another reason to be excited about bitcoin.”
  • Bank of America Changes the Game With Preferred Rewards - “Preferred Rewards is the first program of its kind to offer clients benefits and rewards for everyday banking,” said Dean Athanasia, president of Preferred Banking at Bank of America. “It is the result of deep client research to develop and deliver a simple program that provides clients benefits and rewards they will actually use, and shows them how much we appreciate it when they choose to do more business with us.”
  • Blackhawk Network and Amazon Offer New Mobile Wallet Capabilities - "Blackhawk Network's expertise in gift card management provides our customers with access to the retailers they want and the digital experience that Amazon is committed to delivering," said Charlie Kindel, Director, Amazon Local Commerce. "Together we are helping consumers get the full value of their gift cards with the safety and convenience of storing them digitally. Instead of fearing they might lose or forget about them, they can have them on hand to use wherever and whenever they choose."
  • Heartland Payment Systems to Acquire TouchNet Information Systems, Inc. - “I am extremely pleased to announce the acquisition of TouchNet, which is not only Heartland’s largest acquisition to date, but is also an excellent complement to our existing Campus Solutions business that will immediately improve our growth profile and contribute to our bottom line,” said Robert O. Carr, chairman and CEO of Heartland Payment Systems.
  • Boku Unlocks India for Mobile Payments - “We knew early on that Qubecell had the right approach, the right people, and the right technical capacity to be a great fit with Boku,” said Jon Prideaux, CEO of Boku. “Now that our integration is complete we are providing existing Boku merchants – including top social media networks and global games companies -- with the very best access to the Indian market. Indian companies also now have access to Boku’s global network."
  • New Fiserv White Paper Outlines Immediate Mobile Payments Opportunities for Financial Institutions - "Titled “The Four Pillars of Mobile Payments: Immediate Opportunities,” the white paper outlines how a strategic approach to mobile payments starts with the services consumers are using today."

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, 2014

Synchrony Financial Invests in Mobile Payment Startup LoopPay

Synchrony 140pxSynchrony Financial has announced a strategic investment in LoopPay, a mobile payments platform company. Synchrony Financial expects LoopPay to provide special features and benefits for its cardholders and retail partners.

These types of investments demonstrate our commitment to innovation and growth in the emerging payments space,” said Margaret Keane, president and CEO of Synchrony Financial. “We are continuously exploring technologies to help our partners grow, while looking for additional options to deliver greater convenience and utility for our cardholders.

LoopPay technology enables existing point-of-sale infrastructure to accept contactless payments through mobile devices at the vast majority of retail merchants. Synchrony Financial views LoopPay as an opportunity to close this gap for its retail partners and their customers while offering an enhanced consumer experience and additio

The terms of the investment were not disclosed.

April 04, 2014

Headline News from PaymentsNews.com - April 4, 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!

March 13, 2014

Headline News from PaymentsNews.com - March 13, 2014

On the Web:

  • Introducing Xapo - Xapo Blog - "At Xapo, we understand that Bitcoin’s ultimate success will be based on trust – both in the currency itself and in the industry’s security and service providers."
  • Building the Fort Knox for Bitcoin - wall St. Journal - "A Silicon Valley startup called Xapo is among a handful of young companies trying to become the Fort Knox of bitcoin, building secret bank vaults deep in the earth that would safely store millions of dollars worth of bitcoin code on computer drives."
  • New York BitLicense Order - Virtual Currency Report - "While the latest NYDFS statements leave a lot of unanswered questions and do not provide a clear path forward for virtual currency firms, it appears on balance to be a step forward for those virtual currency exchanges seeking licensure in New York."
  • Missed Alarms and 40 Million Stolen Credit Card Numbers: How Target Blew It - Bloomberg BusinessWeek - "The biggest retail hack in U.S. history wasn’t particularly inventive, nor did it appear destined for success."
  • What is Apple’s commerce and payments strategy? - Mobile Commerce Daily (Tim Dunn) - "The stars are aligning for Apple to make a dynamic move into the commerce and payments space."
  • Bank of England: Digital Currencies are Similar to Commodities - CoinDesk - "“Digital currencies are not at present widely used as a medium of exchange. Instead, their popularity largely derives from their ability to serve as an asset class..."
  • Flypay Raises £1M To Make Settling Your Restaurant Bill “Waiter-Free” - TechCrunch - "Aiming to get the time it takes to ask for and settle a restaurant bill down from an average of ten minutes to closer to a minute, you simply scan an on-table QR code/NFC tag to first recall the bill."
  • How Real Is Loyalty and Rewards Fraud? - "The threat of fraud to rewards programs is real, and financial institutions and retailers must be cautioned about relaxing their guards just because a surge in fraud has yet to occur."

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!

January 14, 2014

Headline News from PaymentsNews.com - January 14, 2014

We’d love to have you participate in our 2014 PaymentsNews Reader Survey! Please take a moment to participate - it’s quick and easy to complete: https://www.surveymonkey.com/s/393MCB3

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:

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, 2014

Headline News from PaymentsNews.com - January 13, 2014

We’d love to have you participate in our 2014 PaymentsNews Reader Survey! It’s quick and fast to complete: https://www.surveymonkey.com/s/393MCB3

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:

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 11, 2013

Headline News from PaymentsNews.com - December 11, 2013

On the web:

  • Evenly Joins Square - Square Engineering Blog - "Evenly’s app made it easy for anyone to send or collect payments from friends, anywhere, anytime."
  • PayPal Looks Ahead: Six Predictions for 2014 - PayPal Forward Blog (David Marcus) - "My job at PayPal gives me a unique opportunity to work with peers and strategize with partners across many industries about solving real problems and delivering exciting new experiences for consumers and retailers. That leads to a pretty privileged view into what’s coming next." PayPal Increases Mobile Investment as Smartphones Replace Cash - BusinessWeek - “It’s going to take years,” for mobile technology to become the main way to pay, Marcus said. “But we’re in it for the long run.”
  • Everything you need to know about the Volcker Rule - Guardian - "A rule to keep banks from gambling with their customers' money may finally be realised after years of resistance from Wall Street..."
  • First Mover Australians: Turning Mobile into Contactless Payments - MasterCard Blog - "To borrow a phrase from the CommBank blog, Australians can’t get enough of contactless payments. The country is the number one MasterCard PayPass market in the world..."
  • iBeacon Pioneers Estimote Raise $3.1M Seed Round - TechCrunch - “We are shipping thousands of beacons per week and more than 10,000 developers around the world are already experimenting with Estimote beacons in contextual computing applications.”
  • JPMorgan files patent for Bitcoin-style payment system - FT.com - "Like Bitcoin, JPMorgan’s proposed system would allow people to make anonymous, electronic payments over the internet..."
  • For Bitcoin, Square Peg Meets Round Hole Under the Law - New York Times - "The development of Bitcoin, the virtual currency that is not issued by any government, presents challenges for the authorities to use laws that were not designed for the digital world to combat illegal conduct."
  • Be Careful With Coin - New York Times - "Consider this as well: When you buy it, you are agreeing to terms of service that give you no protection."
  • A Medical Credit Card Has Surprising Costs - New York Times - "On Tuesday, the agency announced that it was ordering GE Capital Retail Bank and its CareCredit medical credit card unit to refund up to $34.1 million..."

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!

October 16, 2013

Headline News from PaymentsNews.com - October 16, 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

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Find something interesting to share? Tell us about it: gotnews@paymentsnews.com!

August 30, 2013

Headline News from PaymentsNews.com - August 30, 2013

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. Find something interesting to share? Tell us about it: gotnews@paymentsnews.com!

July 28, 2009

GE Capital Provides Webcast Update

GE Capital provided a business update on its financial results and outlook earlier today. A webcast replay along with the presentation slides are available online.

April 11, 2008

A Look at GE

What do you call a company that sells jet engines, runs multiple television/cable networks, has a huge global financial services operation, and just reported a significant earnings miss this morning? That's GE. And the reason for what one columnist called GE's "gasp-inducing first-quarter results"? Financial services primarily - both commercial and consumer. Details in this press release and accompanying presentation. A webcast of this morning's earnings call is also available.

August 31, 2007

GE Money to Purchase Chevron’s Proprietary Consumer Credit Card Business

GE Money has announced an agreement to purchase the proprietary consumer credit card business from Chevron Corporation subsidiaries, Chevron U.S.A. Inc. and Chevron Credit Bank, N.A. GE Money Bank will own and operate the Chevron- and Texaco-branded consumer credit cards.

READ MORE »

July 25, 2007

GE Money Launches My Earth Rewards

As anticipated earlier, GE Money has launched the Earth Rewards MasterCard - along with a new My Earth Rewards web site dedicated to this new "green" product. "Every time you use your Earth Rewards Card, a portion of your net purchases will go to offsetting the emissions created by your purchases and activities. For example, spending $25 contributes enough to offset the emissions associated with running a typical refrigerator for a month. Spending $500 offsets the emissions from driving almost 1,500 miles in an average car." The full press release is here.

GE to Launch GE Money Earth Rewards Platinum MasterCard

Claudia Deutsch writes for the New York Times about GE Money's expected launch today of the GE Money Earth Rewards Platinum MasterCard - a card that "allows cardholders to forgo a 1 percent cash rebate on purchases and earmark that amount for projects that reduce greenhouse gases."

June 15, 2007

GE Money, eBay Introduce eBay MasterCard

GE Money has announced the eBay MasterCard, calling it an expansion of its partnership with eBay. eBay MasterCard customers will benefit from a new rewards program, earning one Reward Point for every $1 spent in purchases. Reward Points are also earned with non-Internet, everyday purchases wherever MasterCard is accepted. Points are redeemable for shipping discounts and vouchers that can be used to shop on eBay or to pay eBay seller fees.

READ MORE »

June 07, 2007

GE Money, Yahoo! Telemundo Focus on Hispanic Financial Education

GE Money and Yahoo! Telemundo have announced the launch of ‘Soluciones Financieras’, an online financial education solution that features Spanish-language personal finance tools and information designed to empower Hispanics to succeed in their financial lives. According to the two companies, "U.S. Hispanics are projected to spend over $926 billion this year; however, research shows they have less understanding and experience managing personal financial matters compared to the average non-Hispanic consumer."

READ MORE »
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