On the web:
- Money 3.0: How Bitcoins May Change the Global Economy - National Geographic - "With Bitcoin, you can take an international payment with no risk of credit card fraud..."
- Can peer-to-peer (P2P) reduce the relevance of traditional financial services providers? - Deloitte Financial Services Blog - "Consumer preferences can change as technology develops. Consider, ten years ago social media was not widespread. Today, millions of people find updating social media a daily necessity."
- New tech embeds mass customised hidden data in credit cards and plastics during manufacture - University of Warwick (Prof. Gordon Smith) - "The technology will allow manufacturers to rapidly embed individual, unique and hidden individual pieces of data in each item made in large production runs of plastic products or credit cards..."
- Chinese internet giant Baidu starts accepting bitcoin - CoinDesk - "Search engine giant Baidu has announced it is now accepting payment in bitcoin for its Jiasule service..."
- Visa: Follow four rules to reproduce the age of plastic - "Elizabeth Buse, Visa’s global executive - solutions, said the same four rules that drove the success of credit cards 30 years ago could apply today to NFC and mobile money."
- Now handling over £1M a day, Thiel-backed TransferWise inches further onto PayPal’s turf - GigaOm - "On Tuesday, TransferWise gave an update on its progress: the service has now been used for the “peer-to-peer” transfer of over £250 million ($399 million) and its customers are transferring over £1 million ($1.6 million) each day on average."
- Low-Value Transactions: A Mobile Payments Dilemma - Bank Systems & Technology - "We often talk about mobile payments in terms of replacing plastic, but the real opportunity might be in replacing cash. Low-value payments would be a logical place to test that theory."
- Fighting Counterfeit Currency and Protecting the Integrity of Our Payments System - Portals and Rails Blog - "The Federal Reserve recently introduced the redesigned $100 note into circulation and has begun an extensive public awareness campaign to acquaint consumers and merchants with the new note."
- Bitcoin may be let loose now Silk Road has been shut down - New Statesman - "You can't kill Bitcoin. It will not die. The Silk Road shutdown is the second event to challenge its stability and it’s come through with barely a scratch."
- What is identity? It’s not what you think - CSO Online - "You need a physical factor, a physical token that you know when you’ve lost it. The phone itself is a fantastic second factor. Credit cards, key fobs - these are truly two-factor because you know when you’ve lost them."
- Study: Young Credit Card Users Are More Responsible - US News & World Report - "Despite the commonly held belief that young adults are less responsible with their finances, a new study finds college-aged credit card users are less likely to default than middle-age borrowers."
On the wires:
- Checkers®/Rally’s® Selects CARDFREE’s Merchant Commerce Platform to Launch 1st End-to-End Digital Solution - "Checkers/Rally’s will be the first QSR to use mobile to lead key consumer initiatives such as CRM, loyalty and stored value."
- Discover Recognized for New Technology That Brings Credit Card Cash Rewards to Online Shopping Experience - "Discover has been recognized as one of the country’s top technology innovators by InformationWeek for delivering convenience and choice to customers through flexible options to redeem cash rewards while shopping online."
- Virtual Piggy offers Retailers and Gaming Companies Enhanced Fraud Control - "Virtual Piggy joins Kount’s integrated partners alongside companies such as Chase Paymentech, LexisNexis, and Magento." Strategic Appointment Strengthens TNS Payments Team - "Payments industry specialist, Lisa Shipley, is joining Transaction Network Services (TNS) as Head of Global Strategy for its Payments Division."
- Boku Expands Global Footprint With New Offices in Asia - "By opening these new offices, we are well positioned as a company to continue to grow our network of merchants and carriers as well as better serve our existing merchant partners and carrier partners in the region."
- iVeri's mPress Chip & PIN Mobile Payments Solutions Approved by Visa Ready Program - "African payments provider iVeri's EMV chip-and-PIN mobile payments solution, mPress has been approved by the Visa Ready program."
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