On the Web:
- KKR Banks on Bisignano Forging Apple Deal at First Data - Bloomberg - “It was an unparalleled property that had been run like a utility,” Bisignano, 55, said in an interview in the company’s New York office. “We came in and said: ‘We’re going to grow this thing.’”
- Why (Most) Banks Need Not Worry About Apple Pay (Yet) - NetBanker - "The one area I haven't seen covered: What does all this mean for the 10,000 U.S. banks and credit unions not on the 11-name list at launch?"
- iPhone 6’s NFC will only be usable for Apple Pay—at least for now - ArsTechnica - "There’s no word so far on whether or not Apple will eventually allow third-party developers access to the APIs required to use the iPhone 6 and 6 Plus NFC chips."
- Londoners can now pay for commutes by waving their credit cards—no Apple Pay required - Quartz - "But as the UK shows, it takes many years of gentle persuasion—and the support of public services—before such services go mainstream."
On the Wires:
- The SUBWAY® Restaurant Chain Selects Softcard™ as Key Strategic Partner for Mobile Payments - "Softcard has proven to be a valuable partner to us and we are proud to extend our relationship with them," said Carman Wenkoff, Chief Information Officer, for the SUBWAY® chain.
- Skrill Launches Digital Payments for Marketplaces - "Skrill’s digital marketplace proposition offers merchants a tailored solution that addresses the unique requirements of the marketplace business model."
- U.S. Bank Treasury Management Clients Can Perform Key Functions on the Go with New Mobile App - “In today’s world, managers have their mobile devices handy wherever they go, and U.S. Bank is committed to providing the latest innovative technologies to make completing these vital banking functions seamless,” said Mary Burchette, senior vice president for U.S. Bank Global Treasury Management Group.
- Merchants to Benefit from TNS’ New Encryption Solutions - George Peabody, Senior Director at Glenbrook Partners, said: “Consumers place trust in merchants when they share their personal cardholder data and if this trust is violated through a data breach it damages that merchant’s reputation and bottom line. Large merchants, in particular, must manage large POS terminal estates and multiple channels. Unfortunately, vigilance is hard and, as we've seen, the cost of failure is high."
Updates from Glenbrook:
- Join Elizabeth McQueery and Manfred Schuck for Glenbrook's Payments in Europe Workshop - Oct 9 in Palo Alto, CA
- Glenbrook Payments Boot Camps: Oct 7-8 in Palo Alto, CA.; Oct 21-22 in New York City; Dec 9-10 in Palo Alto, CA.
- Money20/20 has become the go-to event in payments. We'll be there in force... will you? Use this promo code to register "GLENBR20"
- The Kindle edition of our book "Payments Systems in the U.S. - Second Edition" - is now available in the Kindle Store as well as in an iBooks version for your iPad or Mac in the iBooks Store.
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