On the Web
- In Australia, banks disrupt Apple with mobile payments power - Reuters - "The banks here feel like they've done the hard work in bringing contactless payments already to Australia and Apple is just going to come in...and eat their lunch," said Foad Fadaghi, managing director of technology research firm Telsyte.
- Central Bankers Explore Response to Bitcoin: Their Own Digital Cash - Wall St. Journal - "So far, central banks haven’t settled on a technology that would allow them to issue their own digital cash. But a Dublin-based startup, eCurrency Mint, has been meeting with central banks and marketing a technology that it claims would give them that capacity. "
- Christmas Comes Early for European Merchants - Luke Purser - Payment Systems Europe - "Today marks a significant date for interchange rates across the Europe as all EU countries align their domestic credit (0.3%) and debit card (no more than 0.2%) rates."
- Australian Police Raid Home of Man Said to Be Likely Creator of Bitcoin - New York Times - "The Australian Federal Police said the raid on the residence of the man, Craig Steven Wright, was for a tax investigation, and a spokesman said it had no connection to the Bitcoin reports. "
- Eko launches mobile wallet in partnership with NPCI and Ratnakar Bank - Economic Times - "Through the Eko Wallet, customers will be able to send deposits or remittances to any bank account in real time using Immediate Payment Service (IMPS) extended by the NPCI."
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.”
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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: email@example.com!