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India

Welcome to the News View for "India".

Here, on these archive pages, you'll find all of the articles on Payments News for India 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 18, 2016

Headline News from PaymentsNews.com - April 18, 2016

ON THE WEB

ON THE WIRES

  • 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."

GLENBROOK PAYMENTS EDUCATION EVENTS

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.

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 12, 2016

Headline News from PaymentsNews.com - April 12, 2016

ON THE WEB

ON THE WIRES

  • First Public Consultation on SEPA Instant Credit Transfer Scheme - European Payments Council - "The European Payments Council (EPC) is today launching the public consultation on the Single Euro Payments Area (SEPA) Instant Credit Transfer (SCT Inst) scheme. The proposed scheme is the first in the world to be interoperable in a region as large as SEPA and is a response to European customer needs for faster payments."
  • Ingenico Group Acquires Think&Go NFC, the Connected Screens Start-up - "Think&Go NFC has developed a technology that enables any kind of digital display to interact with connected objects such as smartphones and transit passes... the connected screens become a vehicle for marketing tools like drive-to-store, couponing, loyalty programs and downloads."
  • SWIFT To Launch New Payments Data Quality Service - "Payments Data Quality [is] an advanced reporting and data analytics service to help financial institutions comply with new international requirements for originator and beneficiary information in payments messages."
  • MIT Adopts Ripple Validator to Advance Consensus and Blockchain Research - "In this new experiment with Ripple, we are taking MIT's experiential research approach to the blockchain, and we anticipate this collaboration will provide us new opportunities to test and deploy data applications and research."

GLENBROOK PAYMENTS EDUCATION EVENTS

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.

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 08, 2016

Headline News from PaymentsNews.com - April 8, 2016

ON THE WEB

  • Building a digital-banking business - McKinsey - "Because banking is a highly regulated industry and a stronghold of conservative corporate culture, there are tremendous internal complexities that need to be addressed."
  • Amazon May Violate India’s New Rules on Foreign E-Commerce - New York Times - "The government added regulations related to pricing and the sourcing of sales on sites that Amazon and several rivals appear to violate. What is more, the new policy was effective immediately, giving Amazon and others no time to comply."

ON THE WIRES

  • Chip Credit Card Availability Up Sharply - "Almost 30 million Americans received a new chip-enabled credit card over the past six months, according to a new CreditCards.com report. At present, 70% of U.S. credit cardholders have a chip (EMV) credit card, 15% do not and 14% are not sure."
  • HID Global Enters Market for Citizen IDs on Mobile Phones - "The HID goID™ platform for mobile IDs enables driver licenses and other government IDs to be carried on smartphones that become all-in-one devices for receiving, presenting and authenticating mobile IDs with the highest level of privacy protection. This marks a new era in which individuals will be able to confidently use their smartphone as their secure, trusted ID, and governments can reach a new level of convenience in issuing IDs and extending their relationships with citizens."
  • CardFlight Releases New Data Showing Trends on EMV Chip Card Usage in the United States - "Migrating to EMV chip card technology gives us a more secure system that will significantly reduce fraudulent charges on card present purchases," said Derek Webster, CEO and Founder of CardFlight. "The latest version of the CardFlight EMV Migration Tracker shows that the adoption of EMV technology in the U.S. is accelerating."
  • Regions Bank to Offer Expanded Online Consumer Loan Experience Powered by Leading FinTech Firm Avant - “Our agreement with Regions demonstrates how forward-thinking banks and marketplace lending platforms can collaborate to meet the needs of consumers,” said Al Goldstein, CEO of Avant. “Through this agreement we can bring responsible access to credit to a new demographic of borrowers. The technology offered by AvantPlatform has the power to be a game changer in the banking industry.”
  • Chase Freedom Unlimited Card Survey Reveals a “Fun Gap” in America - While nearly all (97%) believe fun is important in their day, nearly two-thirds (58%) say they feel limited in their ability to live a fun, happy life. Only half (53%) say they’re having enough fun – and a full 47% limit their own fun, intentionally."

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!

April 07, 2016

Headline News from PaymentsNews.com - April 7, 2016

ON THE WEB

ON THE WIRES

  • 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 OfficialPayments.com, 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.”

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!

April 01, 2016

Headline News from PaymentsNews.com - April 1, 2016

ON THE WEB

ON THE WIRES

  • MasterCard Sees Continued Momentum in U.S. EMV Adoption - “Chip technology is an essential upgrade to better protect consumers and businesses,” said Catherine Murchie, senior vice president of North American Enterprise Security Solutions for MasterCard. “Other countries that have already adopted chips have seen significant reductions in counterfeit card fraud over time – as much as 60, 70 or even 80 percent. The U.S. industry continues to work together on EMV to generate similar results.”
  • Blackhawk Network Acquires Extrameasures - "Extrameasures' corporate incentive programs are complementary to our incentives portfolio and will enhance Blackhawk's leadership position in both the corporate and the consumer promotions markets," said Talbott Roche, Blackhawk Network's CEO and president.
  • Green Dot Successfully Completes Next Wave of Its Processor Migration Project - "Green Dot Corporation today announced that it successfully migrated an additional 15 million account files to the MasterCard Payment Transaction Services (PTS) processing platform during the second planned conversion wave which was completed earlier this month."

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!

March 16, 2016

Headline News from PaymentsNews.com - March 16, 2016

ON THE WEB

ON THE WIRES

  • Virtual Reality and Payment Wearables Tee Off at the Arnold Palmer Invitational Presented by MasterCard - “Giving consumers the opportunity to immerse themselves virtually into experiences you can only get with MasterCard is a great way to showcase the exclusive offerings and access we’re delivering through our Priceless platforms,” said Raja Rajamannar, chief marketing officer, MasterCard. “What better place to highlight these new technologies than one of the preeminent PGA TOUR events, the Arnold Palmer Invitational presented by MasterCard.”
  • TCS Launches Peer-to-Peer Mobile Payment Solution With DNB, a Leading Bank in Norway - "With 25% of Norway's population using 'Vipps' within six months of its launch, the P2P payment solution has helped DNB become a significant player in the highly competitive mobile payments space in a short span of time. Moreover, 85% of Norwegians know about the P2P payments platform and it is the #1 downloaded app in Norway."
  • Mozido and Saavn Partner to Bring Mobile Payments to India’s Largest Music Streaming Audience - "Under the agreement, Mozido will integrate its mobile wallet payment platform as the preferred payment option for the Saavn Pro premium offering. The partnership enables Saavn to offer its Indian listeners access to a convenient payment option, while giving Mozido an opportunity to provide a broader array of financial and engagement services to Saavn’s young, tech-savvy and growing consumer base."
  • Hitachi to Establish FinTech Research Organization in North America - "Hitachi today announced that it has decided to establish Financial Innovation Laboratory, a FinTech research organization in the Silicon Valley office of Hitachi’s Global Center for Social Innovation - North America (CSI-NA) in Santa Clara, California. The new organization will work together with CSI-NA in areas such as research & development of blockchain technology, a core technology of FinTech, and on collaborative creation with financial institutions."

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!

March 10, 2016

Headline News from PaymentsNews.com - March 10, 2016

ON THE WEB

  • The future of mobile wallets in India - The Hindu BusinessLine - "The consumer payments industry (specifically wallets) will play a crucial role in the future growth of digital payments in the country."
  • R3: Biggest-Ever Blockchain Trial is Only the Beginning - CoinDesk - "Going forward, he said, the company plans to drill down into other areas of focus including distributed ledger interoperability, privacy, identity and scalability, and that the tests were likely to be smaller in scale."

ON THE WIRES

  • Banking on the new chase.com is even easier - “Customers continually seek easy ways to access their accounts, so we’re making it easier for customers to bank their way,” said Gavin Michael, Head of Digital for Chase. “We’re excited to bring the look and feel that customers love on the new chase.com home page to behind the sign in experience.”
  • Prosper Marketplace Unveils Prosper Daily, Its First Mobile App - “By using Prosper Daily just a few minutes a day, consumers can begin to get on top of their finances” said Aaron Vermut, chief executive officer of Prosper Marketplace. “We’re excited to be the first marketplace lender to offer a financial wellness app to consumers.”

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!

March 08, 2016

Headline News from PaymentsNews.com - March 8, 2016

ON THE WEB

  • Scheming and Processing – Faster - PaymentsViews.com (Bryan Derman) - "The interesting question that we will be monitoring as these systems develop is how they find their place among other payment methods and compete for the volume available in a range of payment domains, from P2P to consumer bill payment, to business payments and even onto POS and remote commerce transactions."
  • Amazon India planning to launch digital wallet - Economic Times - "Former Citibanker Sriraman Jagannathan, whom Amazon India hired in February to head its payments business, is likely to spearhead the launch of the digital wallet..."
  • Gift Cards Feel Pinch of New Rules - Wall St. Journal - "Historically, the cost of that fraud was borne by the financial institutions that issued the credit cards. That changed in October, when new card-industry rules went into effect ..."
  • Square launches payments in Australia, its first country expansion in nearly three years - TechCrunch - "Square, which went public last year and operates in four countries, partnered with payment enabler Cuscal for the launch."

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 25, 2016

Headline News from PaymentsNews.com - February 25, 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 19, 2016

Headline News from PaymentsNews.com - February 19, 2016

ON THE WEB

ON THE WIRES

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!

January 28, 2016

Headline News from PaymentsNews.com - January 28, 2016

ON THE WEB

ON THE WIRES

  • Visa Inc. Reports Fiscal First Quarter 2016 Results - “We continue to be pleased with our financial performance given the uneven global economy and the ongoing negative effects of the strong U.S. dollar. While we continue to see relatively strong payments volume growth, these factors have meaningfully reduced our cross-border volume and revenue growth. While these headwinds do not appear to be abating in the short-term as we had hoped, the fundamentals of our business remain strong and our long-term growth trajectory remains intact as we navigate through this uncertain environment,” said Charlie Scharf, Chief Executive Officer of Visa Inc.
  • Credit Karma Now Serves 50 Million Members - "Credit Karma’s 50 million-strong member base accounts for 22 percent of all Americans with a credit profile in the United States, who use the platform to help them manage over $3 trillion in household debt. The company has given away more than one billion free credit scores since launching its product in March 2008, without charging members a penny to use its service."
  • Alliance Data Reports Full-Year 2015 Results - Ed Heffernan, president and chief executive officer of Alliance Data, commented, "It was an exceptional year for Alliance Data as we drove 20 percent growth in both revenue and core EPS despite substantial FX headwinds. Overall, the scorecard for all three segments is largely positive."
  • ID Experts Raises $5 Million in Financing from BlueCross BlueShield Venture Partners and Sandbox Advantage Fund - "We look at this investment as a strategic partnership with ID Experts," said Tom Hawes, M.D., Managing Director at Sandbox Industries who will join the Board of Directors at ID Experts. "ID Experts is poised for rapid growth with its data breach and identity protection solutions, especially in the healthcare space with its innovative MIDAS™ medical identity monitoring service."

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!

January 26, 2016

Headline News from PaymentsNews.com - January 26, 2016

ON THE WEB

ON THE WIRES

EVENTS

  • Payments in Portland (OR) - Join us Thursday, January 28th from 5:30-7:30 PM to hang out with your colleagues and competitors to discuss all things payments! We'll have appetizers, Oregon beer and wine. For the first time, Payments in Portland is including a short topical briefing - this month on "B2B Payments - Promise and Problems." If you have a Portland payments presence and something to say on B2B payments, let us know! RSVP HERE!
  • Real Time Payments in the US: Implications for the Payment Industry - Atlanta, GA - February 10, 2016. Glenbrook's Elizabeth McQuerry will be moderating this discussion on what "faster payments" really means, how it's been implemented in other countries, and how it may shape banking and how we pay.

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 16, 2015

Headline News from PaymentsNews.com - December 16, 2015

On the Web

  • Merchants Go on Offense in Digital Payments - PaymentsViews.com (Bryan Derman) - "We are now seeing that economic leverage gradually imposed on the rest of the payment value chain (short-circuiting network fees through negotiated, bilateral interchange) in a way that more fully reflects their importance of major retailers in the dominant consumer sector of the U.S. economy."
  • Federal Reserve issues FOMC statement - "Given the economic outlook, and recognizing the time it takes for policy actions to affect future economic outcomes, the Committee decided to raise the target range for the federal funds rate to 1/4 to 1/2 percent."
  • Braintree Drives Commerce Forward with Facebook Messenger and Uber - Braintree Blog - “We are excited to partner with Braintree to offer users increased convenience, flexibility, and security,” said P.J. Linarducci, Facebook Head of Payment Products.
  • Australia banks agree Android Pay deal, Apple Pay still frozen out - Reuters - "It's a big bargaining chip for (Australian) banks to use to force a better deal with Apple," said Foad Fadaghi, managing director of technology research firm Telsyte.
  • Paytm’s Founder On Its Online-To-Offline Strategy In India - TechCrunch - "In India, Paytm also wants to position itself as a better option than credit cards, which are slowly gaining in popularity but still used by relatively few Indian consumers."
  • Asia-Pacific Is Home to Majority of World Retail Ecommerce Market - eMarketer - "For the first time, the region will not only have the largest digital retail market in the world, but its share of global digital retail spend will also reach 52.5%—the first time it holds an outright majority of the world market."

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 15, 2015

Headline News from PaymentsNews.com - December 15, 2015

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, 2015

Headline News from PaymentsNews.com - December 11, 2015

What I'm Reading

  • This week your editor has been enjoying reading America's Bank: The Epic Struggle to Create the Federal Reserve by Roger Lowenstein.
  • From the description: "A tour de force of historical reportage, America’s Bank illuminates the tumultuous era and remarkable personalities that spurred the unlikely birth of America’s modern central bank, the Federal Reserve. Today, the Fed is the bedrock of the financial landscape, yet the fight to create it was so protracted and divisive that it seems a small miracle that it was ever established. "
  • How about you? What are you enjoying? Drop me a quick note and tell me about it: editor@paymentsnews.com

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 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!

December 08, 2015

Headline News from PaymentsNews.com - December 8, 2015

On the Web

  • Microsoft Azure Blockchain as a Service update - Microsoft Azure Blog - "It has been almost a month since we soft launched at the Ethereum DevCon1 in London, and I wanted to provide an update on where we are along with a general roadmap of what is to come."
  • Inquiring Minds Want to Know More about Card Fraud - Take on Payments Blog - "As I described in an earlier post, while doing research on expanding card fraud data collection in the Fed's upcoming 2016 triennial payments study, I came across a gap in publicly available detailed fraud data for the United States compared to what is available in other countries."

On the Wires

  • RS Software Selected To Deliver Digital Payments Platform - "RS Software Ltd. has been awarded a contract from the National Payments Corporation of India (NPCI) to build a Digital Payments Platform (DPP) to accommodate the continuing growth of e-commerce and digital payments in India."
  • Popularity of Gift Cards Grows in Canada - "Although gift cards have been around for over a decade, they continue to grow in popularity in Canada, and are a top gift choice this holiday season," said Steve Dekker, managing director of Blackhawk Canada. "Our annual gift card survey found that Canadians feel good about giving and receiving gift cards, prefer to purchase them in gift card malls, and are increasingly choosing egifts."
  • All Four Fiserv Patents Asserted Against FIS Found to be Unpatentable, all Appeals and Suit Against FIS Dismissed - "In December 2014, the U.S. Patent and Trademark Office’s Patent Trial and Appeal Board ruled that all claims in Fiserv’s asserted patents are unpatentable. The dispute has now been settled, with no monetary payment made or promised by either party. Fiserv will dismiss its appeals of the patent office decisions, and the parties will dismiss the federal district court lawsuit. The patents Fiserv asserted against FIS remain invalid."
  • NMI Launches FACe, the Gateway Platform for Payment Facilitators - “FACe effectively negates any need for payment facilitators to build their own technology,” said NMI CEO Roy Banks. “FACe saves payment facilitators the considerable time and capital required to engineer a payment platform from the ground up,” added Banks.

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 03, 2015

Headline News from PaymentsNews.com - December 3, 2015

On the Web

  • How Backpage Is Different from Choke Point - Credit Slips (Adam Levitin) - "The truth is that Backpage has little in common with Operation Choke Point beyond the hydraulic regulatory idea of regulating a payments processor to regulate the recipient of the payments."
  • Credit-Card Rules Have Cut $16 Billion in Fees: Report - Wall St. Journal - "The biannual industry survey released Thursday by the Consumer Financial Protection Bureau said consumers saved more than $7 billion in credit-card late fees between 2011 and 2014."
  • Goldman Sachs: 'The Blockchain can change... well everything' - Business Insider - "While the Bitcoin hype cycle has gone quiet, Silicon Valley and Wall Street are betting that the underlying technology behind it, the Blockchain, can change... well everything."

On the Wires

  • CFPB Finds CARD Act Helped Consumers Avoid More Than $16 Billion in Gotcha Credit Card Fees - “The CARD Act has helped people avoid more than $16 billion in gotcha credit card fees,” said CFPB Director Richard Cordray. “The law made it easier for consumers to evaluate costs and risks by eliminating the worst back-end pricing practices in the market. There is more work to do. But with commonsense rules in place, credit cards are safer and more affordable, credit is more available, and companies remain profitable with improved customer satisfaction.”
  • Umpqua Holdings Corporation Creates New Subsidiary, Pivotus Ventures, Inc. - Pivotus will be headquartered in California’s Silicon Valley. “Like all industries, banking must evolve quickly to adapt to changing consumer behaviors and technologies. In collaboration with like-minded organizations, Pivotus will be focused on creating new digital models that accelerate growth, add accretive revenue and enhance the customer experience across all channels,” said Ray Davis, president and CEO of Umpqua Holdings Corporation. “By bringing together the expertise of companies nationally and internationally, Pivotus will be uniquely positioned to develop and scale industry-changing innovation quickly and effectively.”
  • Axis Bank Launches Display Debit Card for NRE Customers - Commenting on the launch, Rajiv Anand, Group Executive & Head Retail Banking at Axis Bank said “We are proud to be the first Indian bank to introduce Display Debit cards for our customers. The launch of the new card further reinforces our commitment to improving customer experience by deploying cutting-edge technology solutions that provide both security and convenience.”
  • Global Payments Offers a Full Range of EMV Certified Mobile Solutions - "We continue to provide our customers access to a suite of payments technology solutions designed to be the most secure in the industry," stated Frank T. Young, SVP, Global Product and Innovation. “As we lead with innovative point-of-sale solutions, we're pleased to be among the first to market a full range of EMV certified mobile solutions delivering exceptional functionality.”

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!

October 28, 2015

Headline News from PaymentsNews.com - October 28, 2015

On the Web

  • MasterCard, CIBC and New York Life Join DCG Funding Round - CoinDesk - "Payments giant MasterCard has been named as one of 11 investors in Digital Currency Group's (DCG) new funding round."
  • Razorpay on a mission to simplify online payments in India - Entrepreneur India - “We are building the next generation payments infrastructure which will accelerate the future e-commerce growth in India. Our patented technology will greatly help in achieving higher transaction success rates and faster checkout time especially on mobile devices while making payment gateway integration as easy as embedding a few lines of code."
  • JPMorgan Chase Is Crushing It in Payments - Motley Fool - "The payments industry is changing rapidly, and, at least for now, it appears JPMorgan has a huge leg up on the competition."

On the Wires

  • PayPal Reports Strong Third Quarter Results - “PayPal is entirely focused on digital payments and transforming money for people around the world. This clear focus and our strong value proposition allowed us to deliver strong financial results in the third quarter,” said Dan Schulman, President and CEO of PayPal. “We are operating in a time when change is sweeping through the financial services industry driven by the rise of mobile technology and the acceleration of money becoming digital. These two massive trends play directly to our strengths and we are leveraging this transformation to extend and accelerate our lead.”
  • American Express Will Bring Apple Pay to Card Members in Key Global Markets - "Apple Pay is expected to be available for Card Members in Canada and Australia this year and in Spain, Singapore and Hong Kong in 2016. With Apple Pay, Card Members in these countries will have the ability to seamlessly add their eligible consumer, small business and corporate American Express® Cards(i) and pay with iPhone or Apple Watch in stores where contactless payments and American Express are accepted."
  • Chase and P97 Enable Mobile Payments for Retail Fuel and Convenient Stores"“With the combination of P97’s PetroZone® mobile commerce platform and Chase Pay we are thrilled to deliver more payment options to consumers at the pump,” said Donald Frieden, President and CEO of P97. “We are confident this combined solution will deliver an innovative mobile payment experience for the retail fuels market customer.”
  • UberRUSH Joins First Data’s Clover® App Market to Simplify On-Demand Delivery Service for Small Businesses"With just a click business owners can set pick-ups and track deliveries directly from their Clover device. In minutes, an UberRUSH delivery partner will pick up the purchased goods from the business and deliver them directly to the customer."
  • Wells Fargo Eliminates Foreign Transaction Fees for Small Business Credit Cards, Lines of Credit - "In a move that will help reduce expenses for U.S. small businesses that are doing business internationally, Wells Fargo today announced it has removed its foreign transaction fees on all business credit card and business line of credit access card transactions made outside the U.S. effective October 1. With this change, Wells Fargo is the only major U.S. bank that today does not charge a foreign transaction fee on all of its small business credit cards."
  • Synchronoss Forms New Venture to Develop Advanced Secure Mobility Solutions Leveraging Technology Contributed by Goldman Sachs - “While some companies have addressed the security of mobile devices at a basic data-loss-prevention level, the biggest challenge facing enterprises is enabling individuals to have a more productive mobile experience at a lower level of risk,” said Dave Schuette, Executive Vice President and President of Synchronoss’ newly created Enterprise Business Unit. “Synchronoss, building off of the technology developed by Goldman Sachs, is extending deeper into the enterprise to bridge this gap and solve the inherent complexity of mobile security by providing a comprehensive mobile framework.”

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!

October 08, 2015

Headline News from PaymentsNews.com - October 8, 2015

On the Web

  • Apple Pay Will Soon Work at Starbucks - Re/code.net - "Apple Pay head Jennifer Bailey broke the news Thursday onstage at Code/Mobile at The Ritz-Carlton in Half Moon Bay, Calif."
  • Fast-tracking Merchant Payment Acceptance in India! - Sanjay Swamy - "Many people think the cost of signing up a merchant, the cost of the terminal and the Merchant Discount Rate are the reasons why the penetration is low — and while these are factors, they are not the real reason. The reality is many merchants who want to accept cards are just not allowed to, and those who are have to toil hard to do so."
  • Nigerian mobile money leader Paga is doubling down on building a payments giant - Quartz - "Now, its persistence seems to be paying off with the completion of $13 million in series B financing. It was backed by a raft of investors led by Adlevo Capital, with participation from Omidyar Network, Goodwell West Africa, Acumen Fund, and Capricorn Investment Group to grow the Paga mobile peer-to-peer platform."
  • On What Law Firms Can Do With the Blockchain - Bloomberg BNA - "As we finish up our series, it’s time to answer a question we’ve ignored up until now — what should law firms be doing to leverage these technologies and position themselves to be leaders in a blockchain dominated world?"

On the Wires

  • Mobile Contribution to Sub-Saharan African Economy Surpasses US$100 Billion, Finds New GSMA Study - “The mobile industry remains a key driver of economic growth and employment in Sub-Saharan Africa, making a vital contribution given the population growth and high unemployment levels seen in many countries in the region,” said Alex Sinclair, Acting Director General and Chief Technology Officer at the GSMA. “Despite revenue and margin pressures, local mobile operators continue to invest heavily to extend network coverage to serve unconnected communities and accelerate the migration to high-speed 3G/4G mobile broadband networks."
  • CardFlight Announces $4.2 Million Investment From Leading Payment Industry Executives and Venture Capital Funds - "We're excited to be adding investors with such deep experience growing and scaling startups in the payments industry," said Derek Webster, Founder and CEO of CardFlight. "This round of funding further validates CardFlight's leadership in mobile payments and will enable us to roll out even more advanced solutions in the months and years ahead."
  • Mozido and TabbedOut Partner to Improve Consumer Dining Experience - "The partnership will provide a full set of features to hospitality locations allowing their consumers an application to discover locations, join wait-lists, make reservations, order, split, pay, and leave feedback all from their mobile phones."
  • Diverse Consumers Overwhelmingly Optimistic About Financial Future - "When asked about personal finances, on average 60 percent of African American, Asian and Hispanic consumers said they expect their financial situation to be “somewhat” or “much” better a year from now, compared to 48 percent of the combined general population."

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!

October 02, 2015

Headline News from PaymentsNews.com - October 2, 2015

Meet new colleagues from across the payments industry - at a Payments Boot Camp!

  • 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

  • Ecommerce in India: Snap, flip and crackle - Economist - "The rise of mobile-internet access has sparked interest in the potential of e-commerce in India. Bricks-and-mortar retailing is very fragmented. A trip to the mall can be an ordeal because of congested roads. In such difficult terrain, e-commerce may easily blossom."
  • Credit and Debit Cards Lag on Upgrades - Bloomberg - "The card companies say they’ll likely need at least two more years for the transition from old-school magnetic stripes and that the Oct. 1 target wasn’t meant to be firm."
  • New US credit cards are about to make tipping a lot more awkward - Quartz (Ian Kar) - "Under the new system, American chip card users will be presented with a handheld card reader at their table, asked to either sign or enter a four-digit code to verify their identity, and given tip options on-screen."
  • Today, all stores in the US should accept chip-and-PIN cards. Yeah, right. - Ars Technica - "Although it seems laughably stupid to try to protect US credit card users from having to remember four digits (we do it already on debit cards, anyway), big retailers, bankers, POS developers, and everyone in between put lots of effort into making payments as frictionless as possible for shoppers."

On the Wires

  • It's a very slow news day Friday! Nothing worth sharing!

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 29, 2015

Headline News from PaymentsNews.com - September 29, 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

  • U.S. court hears challenge to $5.7 billion Visa, MasterCard settlement - "A lawyer for retailers including Target and Amazon.com urged the 2nd U.S. Circuit Court of Appeals in New York to reject the deal, saying it forces merchants to give up their rights to sue over various policies and practices."
  • As Online Data Theft Escalates, Banks Look to Retailers to Bear the Losses - New York Times - "Retailers and banks are spending billions of dollars to upgrade to the new chip cards. While they hope the cards will slam the door on criminals obtaining financial data that can be used to create and sell counterfeit cards, they warn that other windows for fraud will remain wide open."
  • Chip Cards Will Require Users to Dip Rather Than Swipe - New York Times - "For several seconds, slightly longer than most people may be used to, cards are inserted and left in the cashier’s payment terminal, which uses the chip to determine whether the card is legitimate."
  • Review: Samsung Pays Where Apple Can’t - Wall St. Journal - "But Samsung Pay faces an unusual hurdle: awkwardness. Attempting to use it for the past few weeks, I got the stink-eye from many merchants, as if I were some kind of con artist or hacker."
  • Mexico's Payment Restrictions Now Cover Bitcoin - CoinDesk - "Mexico's Secretariat of Finance and Public Credit (SHCP) has clarified its stance on bitcoin, deeming it a means of payment whilst placing a series of restrictions on transactions involving the digital currency."

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!

September 21, 2015

Headline News from PaymentsNews.com - September 21, 2015

On the Web:

  • Bank of America Files Patent for Cryptocurrency Wire Transfer System - CoinDesk - "The patent, filed on 17th March, 2014, and published 17th September, seeks to protect a system by which electronic funds could be sent between customer accounts using the underlying blockchain of a given cryptocurrency as the rails for payment."
  • First Data Buys Spree Commerce To Move Into Open Source Payments Technology - TechCrunch - "Prior to this, Spree had raised $6.5 million from investors that include AOL (parent of TechCrunch), Thrive, True Ventures, Vegas Tech Fund and others."
  • Inside Target Corp., Days After 2013 Breach - Krebs on Security - "The results of that confidential investigation — until now never publicly revealed — confirm what pundits have long suspected: Once inside Target’s network, there was nothing to stop attackers from gaining direct and complete access to every single cash register in every Target store."
  • Visa shelves mobile payment venture in India - Times of India - "The company Movida India, the joint venture that Visa had formed five years ago in partnership with Monitise Plc UK, has shut shop and Naushad Contractor, head of the 50:50 JV, has quit, three persons aware of the development told ET."

On the Wires:

  • Costco Extends Partnership with Elavon; Enhances Payment Processing Offerings to Business Customers - Guy Harris, Elavon’s North America president stated, “The renewal of this relationship is a natural fit. Costco’s steadfast focus on creating quality solutions for its members and Elavon’s commitment to premier customer service will continue to provide tangible benefits for members, including saving the average member hundreds of dollars annually.”
  • New ACI Worldwide Survey: 6 out 10 U.S. Consumers with Credit Cards are Not Ready for EMV - “The survey data validates the trends we have seen over the past year; with less than a month to go until the EMV liability shift, a staggering number of consumers are neither educated on nor aware of EMV; they don’t know why they have new chip-enabled cards,” said Mike Braatz, senior vice president, Payments Risk Management, ACI Worldwide. “And if consumers are unaware, the implications for retailers come October and throughout the holiday shopping season could be major, especially as retailers prepare for this new payment experience."
  • Card1 Debuts Universal Card Technology Connecting Conventional Payment Card to Digital Wallet Platform - "The Card1 card is a conventional, plastic payment card and requires no power or charging to use. The Card1 companion mobile wallet app enables consumers to easily add payment cards to enabled digital wallets using a mobile phone camera and secure payments made with a Card1 card."
  • ShopKeep Acquires Ambur POS - "Ambur provides an excellent point of sale app that was created by a restaurant owner, for restaurant owners.” said Norm Merritt, ShopKeep’s President and CEO. “This acquisition allows ShopKeep to further our reach into the restaurant industry and expand our overall market share amongst independent merchants.”
  • Jeff Jones Named President of U.S. Bank Corporate Payment Systems - “Jeff’s management acumen, demonstrated over many years at the bank, makes him the ideal choice to take the reins of our corporate payments business and position it for robust growth,” said U.S. Bank Vice Chairman for Payment Services Shailesh Kotwal.

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 17, 2015

Headline News from PaymentsNews.com - September 17, 2015

On the Web:

  • Designing the Uber Cash Experience - Medium (Matthew Moore) - "We immediately discovered that users in India live in a different payments landscape than most Uber riders around the globe. The difference: 95% of Indians don’t have access to a credit card, and due to local regulations, paying for anything digitally is a cumbersome process."
  • Who’s Behind Bluetooth Skimming in Mexico? - Krebs on Security - "What follows is a look at a mysterious new ATM company in Mexico that sources say may be tied to the skimming activity."

On the Wires:

  • Intuit and OnDeck to Launch $100M Small Business Lending Fund - “This new product is all about empowering small businesses to leverage the power of their own data so that they can take advantage of better financing options,” said Dan Wernikoff, executive vice president and general manager of Intuit’s Small Business Group. “Small businesses rely on financing to power their growth, to invest in new employees, new equipment, and new opportunities. We’re excited to continue working with OnDeck to fuel more small business success.”
  • Modernizing Canada's Payment System requires a holistic approach - "The global payments ecosystem is changing, enabled by new technology and driven by changing user demands," said Gerry Gaetz, President and CEO of the CPA. "In Canada, we are taking a holistic approach to modernizing our systems, which includes significant research, a global perspective and industry consultation. This particular piece of research is a first step and will help frame industry discussions as we move forward."
  • TSYS Supports Android Pay - "TSYS’ new Host Card Emulation (HCE) solution enhances its existing TSYS Enterprise Tokenization solution to empower mobile payment solutions like Android Pay. It allows payment card information to be stored in the cloud and transferred by a tap of the mobile device at the merchant terminal."
  • Digital River Inks Payments Agreement with Online China Travel Leader Ctrip - “With one of China’s leading online travel websites, Ctrip has become one of the best-known travel brands in the country,” said Hayden Reed, Digital River’s senior vice president and general manager of Digital River World Payments. “China’s travel sector continues to see accelerated growth. Backed by our leadership position in the payments marketplace, we look forward to helping Ctrip advance their online travel offering and raise their global profile.”

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 15, 2015

Headline News from PaymentsNews.com - September 15, 2015

On the Web:

  • India – A Good Approach for Financial Inclusion - PaymentsViews.com (Carol Coye Benson) - "My progressive friends in the U.S. are appalled by this central, government-controlled identity system. They see only threats to individual control over identity. I recognize this as a challenge, and I doubt that this type of system will find a home any time soon in the developed world."
  • Global Investment Banks Back Blockchain Initiative - CoinDesk - "Nine major investment banks including J.P. Morgan Chase and Goldman Sachs have partnered with distributed ledger startup R3CEV."

On the Wires:

  • Visa Introduces EMV Chip-based Biometrics - “There is increasing demand for biometrics as a more convenient and secure alternative to signatures or PINs, especially as biometrics technologies have become more reliable and available,” said Mark Nelsen, senior vice president of Risk Products and Business Intelligence, Visa Inc. “However, to support wide adoption, it is equally important that solutions are scalable and based on open standards. Building on the EMV chip standard provides a common, interoperable foundation, as well as encourages innovation in cutting-edge biometric solutions.”
  • Bank of America Introduces Fingerprint and Touch ID Sign-in for Its Mobile Banking App - The new updates include the introduction of fingerprint and Touch ID sign-in, in addition to the launch of an Apple Watch mobile banking app, streamlined “Accounts Overview” page and new Security Center for more than 31 million active digital banking customers.
  • SecureKey Ushers in New Era of Convenience, Security and Privacy for Accessing Online Services in the United States - “SecureKey’s consumer-oriented ID network enables stronger digital identities, eliminating many of the challenges currently associated with accessing online services,” said Dominic Venturo, EVP and Chief Innovation Officer at U.S. Bank. “We look forward to collaborating with SecureKey to grow this ecosystem of trusted credentials for the benefit of our customers nationwide.”

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 02, 2015

Headline News from PaymentsNews.com - September 2, 2015

On the Web:

On the Wires:

  • Former Visa CEO Joins Kash - "I doubt there are more than a handful of people who know as much about payments in the US as Joe Saunders. He was the CEO of Fleet Credit Card Services, CEO of Providian, and President of Card Services at Washington Mutual. He is joining Kash as the Chairman of our Board."
  • FDIC-Insured Institutions Earn $43 Billion in Second Quarter 2015 - "Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $43.0 billion in the second quarter of 2015, up $2.9 billion (7.3 percent) from a year earlier and the highest quarterly income on record. The increase in earnings was mainly attributable to a $3.6 billion rise in net operating revenue (net interest income plus total noninterest income). Financial results for the second quarter of 2015 are included in the FDIC's latest Quarterly Banking Profile released today."
  • Banking with the “Bat of an Eye”: First Internet Bank Offers Eyeprint ID Technology for Mobile Banking Access - “Eyeprint ID is the latest demonstration of First Internet Bank’s commitment to customer-centric digital banking,” said David Becker, President and CEO. “Eyeprint ID comes quickly after our introduction of Touch ID authentication earlier this year, which enables customers to log in with a fingerprint. Biometric technology allows us to provide innovative solutions to our customers’ need for secure, convenient account access.”
  • Shopkick Blows Past 15 Million Users, Doubles in One Year - “If you stacked all of the gift cards that users have received from shopkick, the pile would be 18 Empire State Buildings, or over four miles, high. That’s 15 billion Kicks, or $60 million, that we’ve rewarded to shopkick users just for shopping how they want to shop,” said Cyriac Roeding, co-founder and CEO of shopkick.
  • Xoom Launches Money Transfer Service to Singapore - “We are so excited to offer our money transfer services to customers with family and friends in Singapore,” said Iain Allison, Vice President of Business Development at Xoom. “We look forward to delivering convenient, safe, and economic service to the Singapore market."

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 27, 2015

Headline News from PaymentsNews.com - August 27, 2015

On the Web:

On the Wires:

  • Introducing the Square Appointments App - "The new Appointments app is available for iPhone –– even if you don’t process payments with Square. We want to empower you to do business anywhere, and our family of Square apps makes it easier to run your point of sale, check your sales reports, and book more business."
  • Consumers Believe Nontraditional Providers Will Drive Financial Industry Innovation, Says Research from Raddon Financial Group - “U.S. consumers continue to trust that banks and credit unions will provide them with the highest quality and most secure financial services available, and they believe that the emergence of nontraditional financial service providers has the potential to drive innovation in the industry,” said Bill Handel, vice president of research, Raddon Financial Group.
  • Consumers Rank Discounts and Savings on Fuel as Their #1 Preferred Reward - “This survey confirms what our merchant partners and over 5 million members have been telling us for the last three years,” said Brandon Logsdon, President and CEO of Dallas-based Excentus. “Today’s consumers clearly value the ability to earn rewards – like fuel savings – that have a meaningful and tangible impact on their household budget, making everyday life more affordable."

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 24, 2015

Headline News from PaymentsNews.com - August 24, 2015

On the Web:

  • Stanford Joins NYU and Duke in Offering Bitcoin Course - CoinDesk - "The college's new course, Crypto Currencies: Bitcoin and Friends, launches on 21st September. Besides Stanford students, it will be open to professionals completing their graduate certificate in cyber security."
  • Next-Gen Cybersecurity Is All About Behavior Recognition - TechCrunch - "Rather than focusing on stopping cybercriminals with walls, new technologies are emerging that work to identify cybercriminals instead. Take the relatively new startup BioCatch, which received $11.6 million in funding over three rounds. BioCatch’s technology works to identify patterns of user behavior in certain applications, creating user profiles that can then be matched to subsequent visits."

On the Wires:

  • Bharti Airtel And Uber Announce First-Of-Its-Kind Strategic Partnership - "We are thrilled to announce an innovative collaboration with Bharti Airtel – the largest wireless carrier in India and third largest wireless carrier in the world. Through this partnership, riders in India can pay for their trips with Airtel’s mobile wallet, Airtel Money. Additionally, Mumbaikars will now be the first in India to enjoy free high-speed internet from Uber, powered by Airtel 4G. This service will soon be rolled out for all Uber riders pan India."
  • Visa Checkout Expands Global Availability with New Merchants and Issuers - “It’s great to see banks like CMB and SPDB bringing best-in-class enrollment experiences to their customers in China who are eager to shop overseas,” said Senior Vice President of Visa’s Digital Solutions, Sam Shrauger, who recently outlined Visa’s Checkout strategy in a pymnts.com article. “As more merchants and issuers integrate Visa Checkout, the number of consumers seeing the benefit of a faster online checkout experience also grows. We’re starting to see the network effect kick-in.”
  • Dailymotion Selects Payoneer for Cross-Border Mass Payouts to Its Global Network of Video Creators - “The global banking infrastructure is complex and expensive. Payoneer has simplified the user experience by removing the limitations that typically surround international money transfers for business,” said Scott Galit, CEO of Payoneer. “We’ve built a broad set of payment capabilities that enable companies like Dailymotion to scale their businesses globally with a single API connection to Payoneer that enables them to make payments in over 200 countries quickly, securely and in local currency.”
  • Synchrony Connect Completes Program Rollout with New Portal to Engage Business Partners with Insights and Experience Beyond Credit - "Synchrony Connect offers Synchrony business partners a broad range of Synchrony expertise, insights, and tools in non-credit areas delivered through webinars, one-on-one engagements, consulting projects, multi-client and cross-industry events, and the new online portal."
  • POS on Cloud and Clutch Partner to Serve Advanced Customer Solutions to Restaurants and Retailers - "Clutch’s advanced Consumer Management technology will be fully integrated with POS on Cloud’s solution for restaurants and retailers, providing streamlined gift card, loyalty and customer intelligence programs for their merchants. This integration is accessible on mobile and countertop POS terminals and is designed to be streamlined and easy-to-operate in order to maximize the benefits to both merchants and their customers."
  • Michael Walsh, Former CEO of CyberSource, Joins Board of Directors of Forter - "Michael Walsh's appointment exemplifies the company's commitment to delivering first-class global e-commerce fraud prevention regardless of the payment type, channel, or device," said Michael Reitblat, Co-Founder & CEO of Forter. "Michael is an expert in merchant payment and fraud management and his unique retailer and consumer experience make Michael a valuable asset to Forter's Board of Directors. We are confident that he will help guide Forter to new heights as we reinforce and expand our leadership position in the e-commerce ecosystem."
  • FIS Opens Financial Inclusion Lab in India to Drive Banking Access - "The lab is the first of its kind in India and the seventh FIS lab focused on innovation. It is designed to provide a working, collaborative environment for FIS to cooperate with business leaders, government organizations and NGOs across the country to create and test solutions that will help increase financial literacy for the majority of India’s unbanked population."

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 20, 2015

Headline News from PaymentsNews.com - August 20, 2015

On the Web:

On the Wires:

  • Discover Announces Strategic Network Service Agreement with Brazilian Domestic Card Network, Elo - “Discover has a long-standing history of leveraging its unique payments infrastructure to create mutually beneficial relationships around the globe,” said Joe Hurley, Senior Vice President Global Business Development, Discover Network. “Striking an agreement with Elo offers great benefits to both companies, most importantly, Elo Global cardholders will have the ability to use their card of choice when traveling abroad.”
  • TSYS Launches New Suite of Business Intelligence Products - "At TSYS, we are revolutionizing how our clients turn data into results by understanding the need to better integrate analytics into business strategies," said Kim Ohlrogge, group executive of Global Product, TSYS. "We view analytics as a key focus for future innovation and are working to address the time and usability challenges many issuers have today with their existing dashboards and reporting tools."

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!

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