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Welcome to the News View for "Korea".

Here, on these archive pages, you'll find all of the articles on Payments News for Korea 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 28, 2016

Headline News from - April 28, 2016



  • MasterCard Incorporated Reports First-Quarter 2016 Financial Results - “The year is off to a good start with solid growth in revenue due to strong volume and transaction levels this quarter,” said Ajay Banga, president and CEO, MasterCard. “We continue to deliver against our strategy, looking to our investments and acquisitions to create a better cardholder experience, supported by a relentless commitment to security."
  • M/Chip Fast from MasterCard Speeds EMV Transactions and Shoppers Through Checkout - "As with standard EMV, M/Chip Fast provides counterfeit fraud protection by creating a unique code for each transaction. Once the code is generated, the card can be removed from the reader with the goal of both decreasing the processing time of the transaction and reducing the cardholder perception of a longer wait at checkout."
  • Start-ups Invited to Dive Into the Visa Developer Sandbox as Part of Second Annual Everywhere Initiative - “With payment and marketing innovation happening at break-neck speed, Visa is once again asking the start-up community for their best ideas to help move the industry forward,” said Shiv Singh, senior vice president, digital and marketing transformation at Visa. “With Visa’s rich set of APIs and SDKs, we are especially excited to see how our open platform can help fuel additional payment innovation with this year’s challenges.”
  • Visa Opens its First Innovation Center in Asia - “The pace of technological innovation across Asia Pacific is unprecedented and creating enormous opportunity for any company that touches the growing payment ecosystem,” said Chris Clark, group executive, Asia Pacific, Visa Inc. “With the doors of Visa’s Singapore innovation center now officially open, we look forward to working alongside clients and partners to imagine and build the creative and leading-edge mobile and digital experiences Asia Pacific is known to deliver to the rest of the world.”
  • Inc. Adds Perk Points as Payment Method on the SuperRewards Platform - Ted Hastings, Chief Executive Officer of, says, “In the payments industry, one of the most important developments of the 21st century is that people are able to make purchases with their time and attention rather than with physical money."


Our next Glenbrook payments education events are coming up in May - both in Palo Alto, CA - we hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.


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

March 16, 2015

Headline News from - March 16, 2015

On the Web:

  • Alibaba’s Jack Ma Demos Pay-With-Your-Face Technology - Re/ - "In Hannover, Germany, Sunday night, where he was a headline speaker at the CeBit conference getting under way this week, Ma capped his speech by demonstrating a payment system on a smartphone using facial recognition technology."
  • Naver Bets On Mobile Payment Boom - Wall St. Journal - "The new mobile payment service, to be called Naver Pay, will allow consumers to buy goods online using smartphones or traditional computers in some cases without having to punch in any passwords."
  • BMO Harris Bank launches cardless ATMs - Chicago Tribune - "Generally, cardless cash machines work by creating a QR code, a square matrix-style bar code. Customers sign into the mobile app and hold their smartphones over the QR code on the ATM, which dispenses the desired cash."
  • Withdraw Cash Without a Card? There’s an App for That - Wall St. Journal - "The latest gambit by banks to reduce card fraud? Get rid of the card."
  • Authorities Closing In on Hackers Who Stole Data From JPMorgan Chase - New York Times - "Law enforcement officials believe that several of the suspects are “gettable,” meaning that they live in a country with which the United States has an extradition treaty."

On the Wires:

  • TA Associates Announces Investment in YeePay - “Key drivers in the third-party payment industry in China include growth in the issuance of bank and credit cards, increased consumer spending, growth in online and mobile payments, and government promotion of non-cash payments,” said Naveen Wadhera, Director and Co-Head of Asia at TA Associates Asia Pacific Ltd. “It is estimated that only 10 percent of small and medium-size businesses in China have a point of sale payment solution, so we expect penetration of that offline market will also drive industry growth.”
  • WEX to receive Australian MasterCard® Issuing Licence under new regulatory framework - "The Australian MasterCard issuing license was granted following regulatory changes made by the Reserve Bank of Australia to the MasterCard and Visa access regimes, which came into effect on 1 January 2015. The changes were designed to encourage access to and greater competition in the Australian market."
  • NCR Software Drives Transaction Switching at Mexico’s Largest Electronic Payments Processor, E-Global - “With the high volumes of transactions handled by E-Global on a daily basis, the support and performance of its transaction platform is essential,” said Steve Nogalo, vice president and general manager of Payments, NCR Financial Services. “With Authentic, E-Global has the flexibility and visibility it needs to deliver a best-in-class experience to its merchants and the consumers they serve.”

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:!

March 09, 2015

Headline News from - March 9, 2015

On the Web:

On the Wires:

  • PayLease and Ocius to Combine - “Ocius is the forerunner in convergent billing solutions and their products are the perfect complement to the PayLease payment platform,” said PayLease CEO, Dave Dutch. “Our combined companies will bring best-in-class solutions to streamline our clients’ intensive AR and AP needs. We are excited to join forces with Ocius and bring these businesses together.” Dutch added.

  • NMI Launches Payments Enablement Platform for VARs and ISVs - “The days of reselling third-party payment gateway services or referring merchants to payment gateways are over,” said Roy Banks, chief executive officer for NMI. “Our payments enablement platform enables ISOs, VARs and ISVs to offer their own branded payment gateway, while meeting the payment processing needs of their merchant customers,” added Banks. “They gain relationship control to enhance customer experience and brand equity. Plus, they own more of the revenue opportunity without having to worry about third-party competition,” continued Banks.

  • Seamless Distribution AB: SEQR Launches Market-Leading Cashback Reward Program and Connects the Service to Consumers’ Bank Accounts - “This reward program is far more attractive than what the card companies offer, with no fees or strings attached. It is very attractive financially. SEQR can also be connected straight to your bank account, making it even easier to use. This is how we are actively driving the change towards the smartphone replacing the wallet, ” says Peter Fredell, CEO of Seamless, the provider of SEQR.

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:!

April 18, 2014

Headline News from - April 18, 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:!

February 07, 2012

June 27, 2011

June 14, 2011

March 08, 2011

February 10, 2011

January 12, 2011

January 25, 2010

Discover Partners with Korea's BC Card

Discover Financial Services has announced an agreement with BC Card, a Korean payment network, that will enable BC Card cardholders to utilize the Discover, Diners Club International and PULSE networks for international purchases and cash access outside of Korea. READ MORE »
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