On the Web
- Payments on Fire Podcast: Who Are You, Really? – FIDO’s Biometric Authentication - Glenbrook's George Peabody talks with FIDO's Philip Andreae about the Fast Identity Online Alliance or FIDO Alliance
- Facebook Continues Shopping Push, Adds Dedicated Shopping Section - Re/code.net - "Facebook is trying all kinds of things to get people shopping on Facebook. The social network added two new e-commerce features Monday, including a dedicated shopping section offering users a way to find products outside of their News Feed."
- California governor says no to RFIDs in driver’s licenses - ArsTechnica - "Late last week, California governor Jerry Brown vetoed a bill (PDF) to put radio frequency identification (RFID) chips in the state's driver’s licenses."
- The Payments World Really Wants To Know Who You Are - TechCrunch (Jason Oxman) - "As “chip” cards wipe out counterfeit fraud, industry experts anticipate an increase in online fraud, which requires technology beyond chip cards to prevent. Multi-factor identification methods, like biometrics and social data mining, are the future of payments."
- Facebook Messenger: inside Zuckerberg's app for everything - Wired UK - "We don't want to build a payments business," Marcus replies, "but we absolutely need to build a frictionless payment experience when people are in threads. If I have a flight open with KLM, I should be able to book my next flight and have a one-tap purchase experience. Same for e-commerce."
- Security, Data Breaches Slow Down Mobile Payments Adoption - "The security vulnerabilities typically associated with mobile payments are likely holding back adoption."
On the Wires
- Financial market infrastructures rally around ISO 20022 harmonisation plan - "The Australian Securities Exchange (ASX), Bank of Canada, Clearstream, Canadian Payments Association (CPA), CLS, Euroclear, Hong Kong Interbank Clearing (HKICL), Russia’s National Settlement Depository (NSD), Southern African Development Community (SADC), VP Securities Denmark and ACH Colombia are amongst the first to commit to the plan for an industry designed framework for ISO 20022 implementation."
- SWIFT unveils expansion of its financial crime compliance services portfolio - "Sanctions list management will enable financial institutions to access, manage and customise multiple sanctions list feeds on a secure, SWIFT-hosted platform. A new Payments data quality assurance service will help banks evaluate the quality of originator and beneficiary information in the SWIFT messages they send or receive. In addition, SWIFT will continue to expand its Know Your Customer (KYC) offering."
- SWIFT to deliver a 57% price reduction by the end of 2015 - "This is a reflection of SWIFT's commitment to the banking community," says SWIFT Chairman Yawar Shah. "The co-operative reached its price reduction commitment at the end of 2014, one year ahead of schedule, but maintained the programme, yielding a much higher reduction rate than expected. I congratulate SWIFT for this effort and look forward to the additional price cuts the community will reap over the next five years."
Glenbrook's 2015 Payments Education
- Our next Payments Boot Camp session is scheduled for October 13-14 in Palo Alto, California followed by a one-day Insight Workshop on October 15 on the topic of Global Payments.
- If you have questions about our payments education program, please contact Russ Jones for more information.
Updates from Glenbrook:
- 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. Do you have news to share? Tell us here: firstname.lastname@example.org!