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Mobile Money

Welcome to the News View for "Mobile Money".

Here, on these archive pages, you'll find all of the articles on Payments News for Mobile Money 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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June 17, 2016

Headline News from PaymentsNews.com - June 17, 2016

Headline News is brought to you by RS Software. To learn more about why RS Software is the choice for leading payments companies around the world, click here!

ON THE WEB

ON THE WIRES

  • Wells Fargo Payment Manager® Helps Businesses Digitize Payments"Payment Manager B2P, which is expected to roll out in early 2017, enables businesses to pay any consumer who has a U.S. bank account without collecting or storing sensitive bank account information. The service only requires the customers’ email address or mobile phone number and any accompanying remittance details to conduct a transaction."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming this fall - in Palo Alto, CA and 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!

June 14, 2016

Headline News from PaymentsNews.com - June 14, 2016

Headline News is brought to you by RS Software. To learn more about why RS Software is the choice for leading payments companies around the world, click here!

ON THE WEB

  • Merchant Acceptance in the Developing World – Mobile Payments’ Essential Missing Link - PaymentsViews.com (Allen Weinberg) - "While there has been a lot written on how mobile or eMoney payments systems such as M-PESA in Kenya have grown in many developing countries—and how they have brought much-needed electronic payments to the poor and underserved—there’s a critical missing piece that demands attention."
  • Blockchain technology: Redefining trust for a global, digital economy = "Sorting out hype from reality may depend on how well we identify where institutions that have until now played a role in mediating trust between people are falling short, especially in the key area of money. Deploying the blockchain in those settings to generate secure, decentralized trust could achieve great strides in inclusion and innovation."
  • Florida Bank Issues First Us Credit Card for Use in Cuba - AP - "Pompano Beach-based Stonegate Bank said its Mastercard, available Wednesday, will let U.S. travelers charge purchases at state-run businesses and a handful of private ones, mostly high-end private restaurants equipped with point-of-sale devices."
  • JPMorgan Joins Banks With Real-Time Payments Akin to PayPal - Bloomberg - "JPMorgan Chase & Co. has joined U.S. rivals including Bank of America Corp. and U.S. Bancorp in letting customers transfer money between the lenders in real time, challenging ventures including PayPal Holdings Inc.’s Venmo."

ON THE WIRES

  • Using Visa’s Intelligent Analytics, Gas Retailers See a Reduction in Fraud - “Visa Transaction Advisor gives fuel retailers a tool for applying Visa’s real-time fraud insights to transactions at the gas pump,” said Mark Nelsen, senior vice president of Risk Products, Visa Inc. “The results we’re seeing in the fuel sector attest to the power of predictive analytics for many of our merchant partners. It’s an effective model for combatting fraud and one we hope to replicate with other merchant categories.”

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming this fall - in Palo Alto, CA and 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!

May 23, 2016

Headline News from PaymentsNews.com - May 23, 2016

ON THE WEB

  • Walmart Pay and the overcrowding of the mobile payment market - Tradestreaming - "Allen Weinberg, a partner at Glenbrook Partners, a payment strategy consulting firm based in San Francisco, CA., cautioned Tradestreaming that it’s premature to mourn MCX or CurrentC, given that Walmart has not formally abandoned the initiative."
  • Japan ATM heist reportedly involved 100 people who stole $12.7 million - ArsTechnica - "The thieves apparently went to ATMs like those found in 7-11s across Japan and swiped counterfeit South African credit cards, created using information from cards issued by South Africa's Standard Bank."
  • Bitcoin Catches On With Gold Bugs - Wall St. Journal - "In times of financial turmoil, I would prefer to see a portfolio full of bitcoin,” said Mr. Sukumar, who holds about one-third of his wealth in the digital currency.
  • Sydney Stock Exchange's blockchain system targets venture capital funds, commodities - Sydney Morning Herald - "Two-year-old Sydney Stock Exchange is building a blockchain settlement system to avoid high ASX fees and build a market for venture capital funds to exit their investments and commodities markets."
  • What The Mark Of The Beast Taught Me About The Future Of Money - BuzzFeed - "Silicon Valley has sold us on a cashless, cardless, walletless, supposedly frictionless future — but as I learned living in it for a month, we’re not quite there yet."
  • UK: Debit cards 'set to overtake cash' as most used payment method by 2021 - Telegraph (UK) - "Payments UK said card use is being boosted by the rising popularity of contactless "tap and go" payments, with mobile payment services such as Apple Pay and Android Pay also providing new opportunities for people to make payments without even needing their plastic to hand."
  • M-PESA founders to receive Africa’s financial inclusion medal of honor - Capital Business - "Michael Joseph, the Managing Director of Mobile Money at Vodafone and previously, the CEO of Safaricom Limited, Nick Hughes Co-Founder M-KOPA and former Head of Mobile Payment Solutions at Vodafone and Susie Lonie Mobile Payments Consultant at SJL Consulting Services will receive Africa’s Financial Medal of Honor on 17th August at Serena Kampala."
  • PayPal Co-Founder Peter Thiel Urges Class of 2016 to “Do What Hasn’t Been Done” - Hamilton College News - "He recalled that when the PayPal founders told members of the global financial industry about their plan, those with more experience were certain that the new company could never work. “They were wrong; people around the world now rely on PayPal to move more than $200 billion every year…We learned that doing new things is difficult, but it is possible,” Thiel remarked."

ON THE WIRES

  • TSYS Introduces New Innovative Virtual Payment Solution - "TSYS Virtual Payment PreceptSM (VPP) is an innovative new solution that reduces risk, improves operational efficiency and greatly increases control over accounts payable and accounts receivable payments and reconciliation. VPP leverages existing TSYS technology with an improved processing design to deliver secure, virtual single-use accounts in real time with enhanced control over account and transactional base parameters."
  • MasterCard Puts New Cutting-Edge Fraud Prevention Tool into The Hands of Small Business Owners - "With a mobile app and desktop dashboard, merchants can easily and quickly customize their fraud settings – such as transaction size, country of origin and repeat transactions. Simplify Controls then auto-declines transactions to meet their risk tolerance and provides merchants with smart alerts so they can stay on top of potentially fraudulent activity."
  • BlueSnap & Kount Give Merchants the Data to Optimize Their Sales Funnel - "Anytime we can help merchants sell more things to more people in more places while reducing the risk of loss that is sometimes associated with increased sales, growth and expansion, everyone wins,” said Brad Wiskirchen, CEO, Kount. “The fact that BlueSnap has developed a report to assist their merchant base achieve these goals really shows the power of our collaboration.”
  • INSIDE Secure’s MatrixHCE™ Integrates Visa’s Token Services for HCE Mobile Payments - “INSIDE Secure is thrilled to extend our relationship with Visa to deploy issuer wallets based on MatrixHCE, one of the first mobile payment solutions for banks,” said Andrew McLennan, executive vice-president of INSIDE Secure’s Mobile Security Division. “MatrixHCE future proofs investment into payment solutions by meeting the latest HCE standard and anticipating future requirements including updatable whitebox cryptography to protect tokens, code and data.”
  • Payments UK: Debit cards to overtake cash payments by 2021 - "Cash was still the most popular payment method in 2015 accounting for roughly half (45.1%) of all payments. However it is predicted that by 2025 notes and coins will drop to being used for just over one in four (27%) payments. The tipping point for the most popular payment method will be reached in 2021 when 14.5 billion debit card payments are predicted, overtaking the forecast 13.0 billion cash payments for the first time."

PAYMENTS IN PORTLAND

  • Join us for the next Payments in Portland (Oregon) event being held on Tuesday, June 7th. Details here!

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming this fall - in Palo Alto, CA and 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 26, 2016

Headline News from PaymentsNews.com - April 26, 2016

ON THE WEB

  • Alibaba Affiliate Ant Financial Raises $4.5 Billion in Largest Private Tech Funding Round - Wall St. Journal - "Ant Financial, which operates Alipay, China’s biggest online-payments platform by transaction volume, raised its latest funding round from a clutch of investors including a Chinese sovereign-wealth fund and the country’s biggest insurers..."
  • A look inside Stripe’s API platform - Medium (Gordon Wintry) - "For this edition, I spoke with Cristina Cordova from Stripe. She shared how the company approaches partnerships to help grow the platform."
  • W3C Publishes First Public Working Drafts of Payment Specifications - "The W3C Web Payments Working Group has published the first public drafts of payment specifications which include a Payment Request API, payment method identifiers, and basic card payment."
  • All About Fraud: How Crooks Get the CVV - Krebs on Security - "A longtime reader recently asked: “How do online fraudsters get the 3-digit card verification value (CVV or CVV2) code printed on the back of customer cards if merchants are forbidden from storing this information?"
  • Canadian Fintech comes to Menlo Park on May 9. They'll be pitching their ideas and participating in a discussion of the environment for Fintech here and in Canada. Sign up here with BayPay.

ON THE WIRES

  • Pitney Bowes Launches Cloud-Based Payments Engine for Shipping and eCommerce Platforms - "By leveraging the Pitney Bowes Bank, an FDIC insured institution charted in Utah, the company is able to provide uniform payments products, lending terms and interest rates in the U.S."
  • International Telecommunication Union to discuss deliverables for future digital financial services roadmap - Speaking ahead of the event, Sacha Polverini, Chairman of the Focus Group and Senior Programme Officer of the Bill & Melinda Gates Foundation’s Financial Services for the Poor (FSP) programme said: “The work we are doing is incredibly important. It is the first time ITU has partnered with international organizations like the World Bank, CGAP (Consultative Group to Assist the Poor), GSMA (Groupe Speciale Mobile Association), AFI (Alliance for Financial Inclusion) and others to initiate a forum like this.”
  • U.S. Bank Launches New Pilot App for Local Businesses in Lawrence, Kansas - "U.S. Bank has launched Deal Local, a new mobile app designed to help local businesses attract new customers and build loyalty with their existing customers through deals and rewards. Exclusive to Lawrence as a pilot, the app is live in the Apple and Google Play app stores and is already being used by Mass St. favorites Weaver’s, Milton’s Café and Hobbs, among others."
  • Global Payments Completes Merger with Heartland Payment Systems - “We are delighted to announce the completion of this landmark transaction,” said Jeffrey S. Sloan, Chief Executive Officer of Global Payments. “The transformative partnership with Heartland will further accelerate revenue growth, operating margin expansion and cash earnings per share growth and create the leading provider of integrated payments technology solutions worldwide.”
  • Remitly Secures $38.5 Million in Series C Funding - "Stripes Group led this round and was joined by Vulcan Capital, both new investors in Remitly. Existing Remitly investors also contributed to the round including DFJ, DN Capital, Bezos Expeditions and Trilogy Equity Partners, among others."
  • Rising payment fraud in UK overwhelming merchants with misunderstood chargebacks - "The figures from Financial Fraud Action UK reveal that financial fraud losses grew by 26% in 2015. The research further highlights the growth in payment card fraud, up 18% over the same period to £567.5m and the value of card-not-present (CNP) fraud, including ecommerce, which was up 20% to £398.2m."

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!

November 19, 2015

Headline News from PaymentsNews.com - November 19, 2015

On the Web

  • Why Square Has to Get Out of the Payments Circle - Wall St. Journal - "Square has gone public as a payments company. Its share price from here will depend on the company’s ability to reshape itself."
  • Square Shares Jump on Trading Debut - New York Times - "At the close of trading on the New York Stock Exchange, the shares were up 45 percent, at $13.07. Earlier, the stock was up as much as 64 percent."
  • For Its I.P.O., Square Scales Back Valuation by $3 Billion - New York Times - "Square — valued in a private financing last year at $6 billion — priced its initial public offering at a level that gave the payments company a valuation of $2.9 billion."
  • Getting The Deal Done - AVC (Fred Wilson) - "If you believe in your business and yourself, take the money and get back to work. A financing is not an exit. The price matters less than the cash most of the time."
  • Startup Fuels Africa’s Mobile-Payment Boom - Wall St. Journal - "Founded in 2009, MFS Africa has pioneered a mobile payment platform embraced by the continent’s biggest telecommunications operators, which count about 500 million customers combined."

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!

November 13, 2015

Headline News from PaymentsNews.com - November 13, 2015

What I'm Reading

  • This weekend your editor will be reading a book recommended by one of our readers (Joel F.): Revolutionary Summer: The Birth of American Independence by Joseph J. Ellis.
  • A distinctive portrait of the crescendo moment in American history from the Pulitzer-winning American historian, Joseph Ellis. From Amazon's review: "Reading Revolutionary Summer is like receiving a distinguished lecture from a man who has dedicated many fruitful decades to breathing life into our understanding of history—he makes Washington, Adams, Jefferson, and others of the era come alive for the reader."
  • How about you? What are you reading? Drop me a quick note and tell me about it: editor@paymentsnews.com

On the Web

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!

August 10, 2015

Headline News from PaymentsNews.com - August 10, 2015

On the Web:

  • When One App Rules Them All: The Case of WeChat and Mobile in China - A16Z.com Blog - "This post is all about WeChat, but it’s also about more than just WeChat. While seemingly just a messaging app, WeChat is actually more of a portal, a platform, and even a mobile operating system depending on how you look at it."
  • The Finanser Interviews: Kosta Peric, the Bill & Melinda Gates Foundation - Financial Services Club Blog - "Our goal is that the payment infrastructure supports the national currency. The majority of the users have to purchase things, to pay schools, to send money and this means that we need to use the national currency. Of course, bitcoin as a currency can be useful in some specific cases, like international remittances. But the major use cases of mobile money will be with the national currency."
  • ANZ Bank hires tech panel to advise board - ITnews - "ANZ has appointed Twitter APAC head of online sales Aliza Knox, former head of global retail and strategic development for PayPal Don Kinsborough, former CIO of Procter & Gamble Filippo Passerini, and head of strategy and engagement for Dimension Data Gerard Florian to the panel."

On the Wires:

  • American Express Adds Apple Pay for U.S. Corporate Cards - "Apple Pay allows American Express® Card Members to add their eligible Corporate Card and pay with their mobile devices at contactless merchants in stores, or within participating apps that accept American Express. American Express added Apple Pay for Consumer Cards and OPEN Small Business Cards in late 2014."
  • CashStar and Maritz Motivation Solutions Announce Strategic Partnership to Deliver Personalized Digital Gift Card Offerings - “Maritz has established themselves as a clear leader in the loyalty and incentives market,” said Ben Kaplan, president and CEO of CashStar. “The strategic partnership with Maritz Motivation Solutions is a major proof point of CashStar’s increasing leadership in B2B gift card distribution.”
  • Aussie Firm Lokket Takes Apple Wallet to Chip & Pin (EMV) - “Consumers are increasingly mobile-first when it comes to making purchase decisions. By marrying real-time personalized mobile marketing messages with existing in-store redemption tools such as Chip & Pin (EMV) terminals, eliminates a lot of the headaches for retailers,“ said George Kaloudis, CEO & Founder of Lokket.

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 03, 2015

Headline News from PaymentsNews.com - August 3, 2015

On the Web:

  • The extraordinary reinvention of Square - Fortune - "If sources close to the company are correct, Square’s revenue is growing at least 50% year over year."
  • In Papua New Guinea, Mobile Banking Brings Savings and Safety to Farmers - IFC - "Farmers can now get paid electronically – through their mobile phones. It’s cheaper and faster. The mobile banking service, pioneered by Bank South Pacific’s subsidiary, BSP Rural, allows buyers to transfer payments to growers’ bank accounts via text messages on their mobile phones."
  • The Mt.Gox Arrest Is The End Of The First Age Of Bitcoin - TechCrunch - "I’m far more optimistic these days in regard to bitcoin. While it is neither a silver bullet or a fiat currency replacement, it is a way to micro-pay artists for their work as much as it’s a way to send money between unbanked families."
  • Safaricom won’t let rivals share M-Pesa - Mediamax - "Safaricom has maintained it will not allow its mobile money platform, M-Pesa, to be spun off from the parent company, citing security risks for subscribers due to lack of clear guidelines and standards on cross-network cash transfers."
  • How the W3C is trying to standardize payments on the internet - The Next Web - "The organization in charge of online standards, the World Wide Web Consortium (or W3C), is facilitating the work of a so-called Web Payments Interest Group, a workgroup currently consisting of almost a hundred people from 44 companies and organizations. Since early 2014, the group has been actively working on creating a universal specification of how online payments should be described and conducted."
  • Friendly Fraud: Nothing to Smile About (Part 2) - Retail Payments Risk Forum - "A transaction that could be classified as friendly fraud might actually be one the customer just forget about, or one involving a family member using the customer's card without permission, or one with the customer actually not receiving the goods."

On the Wires:

  • Mercury Launches “Security Pays” Initiative to Improve Payments Security - "Mercury Payment Systems ... announced today its Security Pays initiative, designed to educate payments partners and business owners on how to protect their businesses from the multitude of security threats facing them today. Mercury is working to drive adoption of security standards, protocols and products across the industry to help payments partners and their business customers protect themselves."

  • Early Warning Improves Counterfeit Detection for Financial Institutions - "Early Warning’s Deposit Chek Service helps financial institutions of any size expedite funds availability decisions or accelerate preventive actions on deposited items based on whether an account is returning transactions; whether the payer’s account is in good standing; whether it is closed, or has insufficient funds; and if a stop-payment has been placed on an item."
  • BofA Merrill Achieves Top Placements in Nilson Rankings For Commercial Card - “It’s an exciting time to be a leader in the global payments area, where digital innovations and new mobile offerings are being introduced on an increasingly common basis,” said Ather Williams, head of Global Transaction Services at Bank of America Merrill Lynch. “Our clients are constantly looking for increased efficiency and improved analytics. We look forward to working with them on how together we can capitalize on these innovations to further their payment objectives and working capital.”
  • “Mr. NFC” Named Chairman of YellowPepper Board of Directors - "YellowPepper, Latin America’s leading mobile payment and banking company, today announced that Mohammad Khan, former president and founder of ViVOtech, a pioneering NFC software and hardware company that paved the way for mobile payments, has been named Chairman of YellowPepper Board of Directors."

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!

July 21, 2015

Headline News from PaymentsNews.com - July 21, 2015

On the Web:

  • Payments on Fire Podcast #23 – Ethoca and the Power of Data Collaboration - PaymentsViews.com - "That’s what Ethoca is about. Its growing network of merchants and issuers share their fraud data to improve fraud detection and lower chargeback rates. Take a listen to this discussion with Keith Briscoe, Ethoca’s CMO, on what’s possible through collaboration."
  • Time to democratize the banking system - CNBC - PayPal CEO Dan Schulman: "Not long ago, I spent a week using only what the banking industry calls "alternative financial services," relying on check-cashing offices and wire-transfer companies to support my daily finances. The results were deeply dispiriting. Accessing my own money became a part-time job, and the price of each transaction meant my checks yielded less than their value and my bills cost more than they should have."
  • First Data I.P.O. Is Likely to Be One of Year’s Largest - New York Times - "Renaissance Capital on Monday estimated that the company could raise $5 billion or more. First Data said it planned to use proceeds from the stock sale to repay some of its roughly $20 billion in long-term debt."
  • Gates Foundation's Kosta Peric on Blockchain Tech and the Unbanked - CoinDesk - “The very powerful thing about bitcoin in general and specially the technologies behind it, is they are essentially leapfrogging all the technology and providing a new system for processing these huge amounts of transactions for very small costs.”

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!

July 10, 2015

Headline News from PaymentsNews.com - July 10, 2015

On the Web:

  • Cash is dying in the developing world - Wired UK - "M-Pesa in Kenya is the mobile banking service that everyone knows, but in fact these days there are 261 different services across the world and they enable in total around 480 million transactions per month."

  • No One Is Winning the Battle for Digital Wallet Customers - Gallup - "Though Apple is trying to change this trend with Apple Pay, Gallup analysis shows enthusiasm for digital wallets is still low. Only 13% of U.S. adults with a smartphone have a digital wallet on their device, and 76% of those who have a digital wallet have never used it or have almost never used it to make a purchase from a retailer in the past 30 days."

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!

July 06, 2015

Headline News from PaymentsNews.com - July 6, 2015

On the Web:

On the Wires:

  • Visa Europe: 1 billion Visa contactless purchases made in last year - Sandra Alzetta, Executive Director of Core Products at Visa Europe said: “Contactless momentum continues to build as more and more people discover it’s often the quickest and most convenient way to pay for everyday things. Across Europe, usage levels have soared, with more than one billion contactless transactions made by Visa cardholders in the last 12 months alone."
  • Western Union Enhances Mobile Money Transfer Capabilities in Africa - “Western Union continues to grow its reach across Africa, while delivering an exceptional experience across retail and mobile platforms, allowing our customers to conveniently and reliably move money,” said Khalid Fellahi, senior vice president and general manager, Western Union Digital. “Furthermore, Western Union seeks to promote global economic opportunity by bridging gaps in the traditional financial services system, and strives to provide consumers with 24x7 access to Western Union services.”

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!

June 24, 2015

Headline News from PaymentsNews.com - June 24, 2015

On the Web:

On the Wires:

  • Coming Soon!

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!

June 23, 2015

Headline News from PaymentsNews.com - June 23, 2015

On the Web:

  • API-Based Money Mover Currency Cloud Taps Sapphire Ventures And Rakuten For $18M - TechCrunch - "The company’s main technology and product is called Payment Engine, and by way of an API, this sits as the essential engine behind a number of other services such as Azimo, TransferWise and xe.com and many others, over 125 in total, who have built businesses around the idea of moving money internationally."
  • Traxpay Nabs Paypal and Mastercard Exec As Chief Operating Officer - Traxpay Blog - “There are very few experts in the financial technology sector that have the breadth and depth of experience that Jochen Siegert brings,” commented Traxpay’s CEO John Bruggeman. “We share a common vision for where the industry is going, and what the market is expecting in terms of innovation for companies transacting on a global scale."

On the Wires:

  • More U.S. Consumers Bank On The Go, Even on Dates - “This survey tells us what our customers have shown us over the last two years,” said Barry Sommers, CEO of Chase Consumer Banking. “They love the ease of handling their routine banking online, on their phone and at an ATM.” More consumers are using their mobile app (33%) or banking online (35%) than last year while only 16% are stopping by branches more often.
  • TNS Provides Pan-Asian Telecommunications Network for Global Payments - Guido Sacchi, Chief Information Officer at Global Payments, added: “We have had a long-standing relationship with TNS because of their extensive global reach and ability to handle the many different protocols and methods used across the Asia Pacific region. By using TNS, we have achieved a standardised, PCI DSS solution that complies with local regulations in each market, meeting Global Payments’ business requirements and allowing us to maintain a high standard of service to our customers.”

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!

June 09, 2015

Headline News from PaymentsNews.com - June 9, 2015

On the Web:

  • PayPal’s Dan Schulman aims at millennials' wallets - Fortune - "When PayPal spins off from eBay this summer, its new CEO will be in the thick of the battle to dominate online payments."
  • Apple Pay transactions will be capped at £20, banks admit - BBC - "But banks have told the BBC payments will be capped at £20, similar to existing contactless payments. The limit on contactless debit and credit cards is due to rise to £30 in September."
  • Square Unveils Mobile Wallet-Friendly Credit Card Reader - New York Times - "The new reader, which Square said will be widely available this fall, operates wirelessly for merchants who want to accept contact-less mobile payments. It also accepts so-called EMV enabled credit cards, a technology that includes a chip built into credit cards for added security."
  • Facebook Is Handing Out Free Beacons to Retailers - Re/code.net - "The idea is that beacons — small devices that can send a signal to a person’s smartphone when they get within a certain proximity — can be used to push information and deals to people while they’re in a prime position to make a purchase."
  • Money Isn’t Free, but Moving It Is Now Cheaper - Wall St. Journal - "We are at that transition point in which most of us own checkbooks and wallets as well as smartphones. Now imagine a time when all we have is our mobile device, or a pin-and-chip card and our thumbprint, and every time we want to support our friends, a local business or even foreign revolutionaries, all it costs us is a moment’s consideration."
  • Your bank account: The next thing to go obsolete - CNN Money - "Not only is banking not for everyone, accounts are inaccessible to about half of the world. People are too poor, live too far from a bank or don't have the required documentation. Abra, a new startup, makes banking more accessible while completely cutting out the actual bank."
  • Banking 2025: The Bank of the Future - "Once the number of new users reaches a critical mass, the process of reorganisation is no longer linear and continuous, but advances in bursts and exponentially. This means that, at a certain point in time, the process of system change gains so much momentum that it can hardly be controlled. In view of the inefficiency of the existing banking system as well as the economic superiority of web-based alternatives, it seems that it is only a matter of time before a system change takes place in the banking business."

On the Wires:

  • Visa Amends Rules to Help Airline Industry Reduce Card-Not-Present Fraud - "Visa Inc. announced at a recent meeting of the Airlines Reporting Corporation (ARC)-sponsored Credit Card Working Group (CCWG) that effective October 2015 it will accept airline-supplied flight manifests as a remedy for fraud payment card chargebacks."
  • Apple Pay Coming to the UK - “Apple Pay has quickly become a big part of millions of users’ everyday shopping routines, providing a simpler, faster and more secure way to pay,” said Eddy Cue, Apple’s senior vice president of Internet Software and Services. “We’re thrilled to bring Apple Pay to the UK with support at launch from the most popular banks, an incredible roster of merchants and many of our users’ favorite apps.”
  • Apple Pay Coming To MasterCard Customers in the U.K. from July - "MasterCard is working with several banks, including: HSBC; MBNA; RBS/Natwest and Santander, to enable users of an iPhone 6, iPhone 6 Plus or Apple Watch to use their MasterCard credit, debit or prepaid cards directly through Apple Pay."
  • Apple Pay Coming to Millions of UK Visa Cardholders Beginning in July - Jeremy Nicholds, Executive Director of Mobile at Visa Europe, commented: “Contactless payments are already widely embraced by millions of Visa cardholders across the country every day, so adding the simplicity and convenience of Apple Pay will catapult mobile payments into the mainstream. If people leave the house with one item, it’s their mobile phone – we’ve worked alongside Apple and the various banks involved to give customers a really seamless and exciting new payment experience through Apple Pay, so they have new ways to use their favourite Visa cards on the go and when shopping in the apps they love.”
  • Synchrony Financial Integrates Private Label Credit Cards and Patented Dual Cards with Apple Pay - “Through our ongoing innovation and strategic partnerships, we have developed a mobile platform that we can rapidly integrate across retailers and wallets, continuing to offer our value proposition for Apple Pay users,” said Margaret Keane, president and CEO of Synchrony Financial. “Through this approach, Synchrony Financial is helping shape the future of how private label credit cards work when customers choose to make contactless payments.”
  • TSYS Supports Apple Pay in the U.K. - “TSYS’ support of Apple Pay is a landmark opportunity for us and demonstrates our people-centered approach to payments for all parties in the payments ecosystem,” said M. Troy Woods, chairman, president and chief executive officer, TSYS. “Our number one priority is security for the banks and retailers we serve, so their customers can conduct their lives with confidence and convenience. Apple Pay will change the face of the mobile payments industry and our role in the digital marketplace.”
  • First Data to Support Launch of Apple Pay in the UK - “Following the successful launch of Apple Pay in the U.S. last year, First Data is thrilled to support the launch of Apple Pay in the U.K. to help our clients bring their customers added convenience, security and privacy. First Data has established itself as a trusted enabler of mobile payments, and we are proud to help transform the payments landscape for the benefit of our clients,” said Sanjiv Das, Executive Vice President, Head of International Regions, First Data.
  • Walgreens Launches App for Apple Watch to Support Medication Adherence - "Walgreens also announced today the planned integration of Balance Rewards with Apple Pay, coming this fall to stores with the launch of rewards support for Apple Pay. Beginning this fall, Apple Pay will provide immediate access to Balance Rewards without separately scanning a Balance Rewards card. Balance Rewards members will have the ability to earn and redeem Balance Rewards points via Apple Pay, the easy, secure and private way to pay."
  • Visa Europe: Smart devices on track to replace cash and cards - "According to new research from Visa Europe, consumer adoption of mobile payments will grow faster than ever in the next five years, with six in ten Britons (60%) expecting to use their mobile devices for payments at least once a week by 2020."
  • Apriva, Miura Systems Partner to Deliver Added mPOS Functionality to U.S. Market - “As we’ve seen the U.S. market expand in mobile payments and chip card acceptance begin to take off, we saw a great opportunity to bring the EMV, Contactless and NFC technologies we’ve tested and proven in over 35 global markets to the U.S.,” said Mark Roberts, SVP Sales & Marketing, Miura Systems. “With their vast connections and highly respected products, Apriva provided us with the ideal partner to bring our Chip and PIN ready peripherals to customers in the U.S.”
  • Splunk Cloud Drives Security Monitoring and Threat Detection at Orrstown Bank - "Splunk Cloud gives Orrstown Bank centralized visibility into machine data coming from more than 60 unique data sources across its entire hybrid IT environment that includes on-premises servers, Amazon Web Services servers and Microsoft Azure. With the ability to now analyze this hybrid data together in Splunk Cloud, Orrstown Bank has improved IT operations reliability and can quickly detect anomalous behavior across its performance, application and network data logs."

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!

June 04, 2015

Headline News from PaymentsNews.com - June 4, 2015

On the Web:

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!

May 26, 2015

Headline News from PaymentsNews.com - May 26, 2015

On the Web:

  • One out of four accounts ‘dormant’ as mobile money takes over banking - The East African - "Nearly one out of every four bank accounts in East Africa remains inactive as consumers trade traditional banking for the convenience of mobile money services, the findings of two separate studies show."
  • NFC Mobile Payments: An Industry Snapshot - Mobey Forum - "In this paper, Mobey Forum has attempted to produce a one-stop-guide to assist our banking industry colleagues to better understand and compare the various payment options currently available. No solution has emerged from this analysis as a clear winner, indeed it may be that in some cases more than one payment option is a suitable ‘fit’."
  • Nasdaq to step up blockchain trials - FT.com - "Clearing houses are a wonderful invention, but if you have a public ledger that is trusted, you can evolve back to a bilateral (trading) world but proceed with instantaneous settlement.”
  • Announcing Xapo's Advisory Board - Xapo Blog - "Today Xapo is proud to announce the formation of its advisory board with three visionary leaders, Dee Hock, John Reed and Lawrence H. Summers."
  • MIT aims to give bitcoin research, development a stable home - Boston Globe - "A fledgling project at the Massachusetts Institute of Technology Media Lab is offering researchers and software developers a quiet home to work on bitcoin’s core technology, a computer science breakthrough that lets people trade money securely without paying a middleman."
  • Indonesians Start to Embrace Bitcoin - Wall St. Journal - “Many people think that Bitcoin is unheard of in Indonesia, but the fact is its popularity is soaring now,” said Oscar Darmawan, CEO of PT Bit Coin Indonesia, which owns bitcoin exchange site Bitcoin.co.id.
  • EBA Chairman: Banks Must Understand Blockchain Tech - CoinDesk - "Brennan's statement follows the publication of the EBA's Crypto technologies, a major IT innovation and catalyst for change report, which highlighted the blockchain's potential to improve banking, reduce costs and improve product offerings."as
  • Payment Processor Payza's Bitcoin Transactions Rise 20% Per Month - CoinDesk - "Payza, which serves 100,000 online merchants, also noted payments in the digital currency represent approximately 10% of its monthly withdrawal and deposit volume."
  • Docomo Seeks to Make Passwords Unnecessary - Wireless Week - "The carrier expects to become the world's first mobile operator to integrate online services with smartphones capable of FIDO-enabled multiple biometric authentication."
  • IRS system mined for over 100,000 taxpayer records by fraudsters - Ars Technica - "After the IRS disclosed more information, it became clear the user data was not obtained because of a direct hack of government systems. Rather, weak authentication used by the IRS to protect access to taxpayer data is likely at fault."

On the Wires:

  • Nordstrom and TD Bank Group Announce Strategic Credit Card Relationship - "Nordstrom and TD Bank Group (TD) announced today an agreement under which TD will acquire Nordstrom's existing U.S. Visa and private label consumer credit card portfolio, which currently totals approximately $2.2 billion in receivables. In addition, the two companies have entered into a separate long-term agreement under which TD will become the exclusive U.S. issuer of Nordstrom-branded Visa and private label consumer credit cards to Nordstrom customers."
  • Mitek to Acquire IDchecker, a Global Identity Verification Solutions Provider - "The acquisition of IDchecker demonstrates our commitment to delivering solutions that optimize the mobile channel for safe and secure customer acquisition," said James B. DeBello, president & CEO, Mitek. "By expanding our product portfolio, we will transform Mitek into a global provider of mobile capture and identity solutions in the multi-factor authentication market which is projected by the global market research firm MarketsandMarkets to be worth $10.75 billion by 2020."
  • Worldpay extends global payment acceptance capabilities to India - Ramesh Ganesan, Head of Transaction Banking at IndusInd Bank said: “We are delighted to offer eCommerce acquiring services in India in association with Worldpay. We are confident that the association will help both organisations to contribute to the growth of the ever growing Indian eCommerce industry. This partnership will allow each company to benefit from the other’s respective expertise in domestic and international payments thereby helping in promoting online payment services in India.”
  • TSYS and PAX Technology, Inc. Launch Semi-Integrated EMV Solution - “Making the switch to accept EMV transactions can be a confusing and daunting process, which is why it is important to us to offer our clients a simplified approach,” said Craig Ludwig, head of product for TSYS’ Merchant Services segment. “Our all-in-one solution developed with PAX not only reduces costs and time required for EMV certification, but also provides advanced security features to guard against credit card fraud.”
  • Digital River Names Hayden Reed Senior Vice President and General Manager for Digital River World Payments - "He joins Digital River from MasterCard Worldwide, where he served for ten years, most recently as the senior vice president and group head of emerging payments product for credential management. Prior to MasterCard Worldwide, he served in leadership positions with companies such as First Data Corporation; Electronic Commerce Payments, Inc.; CheckFree Corporation, which is now part of Fiserv, Inc.; Banc One Corporation, which was acquired by JPMorgan Chase & Co.; and Ernst & Young LLP."
  • InstaMed Releases 2014 Trends in Healthcare Payments Annual Report - “The InstaMed Network has processed hundreds-of-billions of dollars in healthcare payments to date, which gives us a unique perspective on healthcare payment trends, including the growth in consumer payment responsibility," said Bill Marvin, President and CEO of InstaMed. "With the release of this annual report, we are leveraging our unique vantage point to educate the industry and promote awareness, change and greater efficiency in healthcare payments.”
  • Staples Celebrates Million Dollar Milestone for Staples Business Loans -"Staples teamed up with Lendio, an innovative financial technology firm and the leading small business-lending marketplace, to deliver a suite of funding options that help solve these challenges."

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!

May 13, 2015

Headline News from PaymentsNews.com - May 13, 2015

On the Web:

  • Square raises more money to make small business loans - Fortune - "The company announced on Tuesday that Square Capital, its loan-making division, has raised an additional investment from previous backer, Chicago-based Victory Park Capital ..."
  • Bitcoin may never make it to Wall Street, but its tech will - Wired - "Angel refers to this concept as “the stockchain,” and like Peterson, he sees Nasdaq’s private market technology as a stepping stone to a blockchain-based public market."
  • Blockchain Tech Could Improve Banking, Says EBA Report - CoinDesk - "Blockchain technology has the potential to reduce costs, improve product offerings and increase speed for banks, according to the most recent report from the Euro Banking Association (EBA)."
  • Blockchain technology spells the end of middlemen - Canadian Business - "Blockchain technology’s potential beyond bitcoin is huge: It could replace the multi-trillion-dollar market in third-party verification services that underpins the modern global economy. Services and institutions that act as middlemen to facilitate and verify financial transactions, contract relationships, record-keeping and asset transfers could all be disrupted by blockchains..."

On the Wires:

  • New GSMA Report Finds That Latin America and the Caribbean Have Fastest Growth in Mobile Financial Services Globally - “Great progress has been made in deepening financial inclusion in Latin America and the Caribbean over the last three years,” said Sebastian Cabello, Head, GSMA Latin America. “The region has seen a major increase in the number of adults with bank accounts, however, approximately half of all adults in LAC still remain unbanked. Mobile money services are a powerful tool for expanding financial access in developing markets and will play a critical role in continuing to build a healthy digital financial ecosystem in the region.”
  • Accenture and Moven Join Forces to Transform Digital Banking Solutions - “We set out to change what the world thinks of as a day-to-day bank account, starting from scratch with mobile, and providing customers with advice on spending and savings,” said Brett King, Moven’s CEO and founder. “The alliance with Accenture will be invaluable in helping us mobilize our services globally as we grow to tens of millions of users in a dozen countries. Accenture's phenomenal footprint with the biggest banks in the world, combined with the digital and end-user experience from Accenture Interactive and Fjord, made it the only choice for this global alliance partnership."
  • American Express Board Authorizes Repurchase of up to 150 Million Shares, Announces 12 Percent Dividend Increase - "As previously announced on March 11, 2015, the company was informed that the Federal Reserve did not object to the company’s 2015 capital plan to repurchase up to $6.6 billion of common shares through the second quarter of 2016, as well as to increase the company’s quarterly dividend to $0.29 per share beginning with the second quarter 2015 dividend declaration."
  • Zoho Introduces ACH Payments in its Financial Suite with Forte - "Zoho is now able to offer their customers the ability to accept ACH/eChecks, credit and debit card payments quickly and with confidence using Forte’s robust processing services. In addition, each account includes unlimited access to Forte’s payment gateway, virtual terminal, online reporting and payment tokenization and storage services."

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!

April 21, 2015

Headline News from PaymentsNews.com - April 21, 2015

On the Web:

  • Chip-Card Rollout Has Banks, Retailers Scrambling - Wall St. Journal - "Some 575 million of the new cards—representing about three-quarters of U.S. credit cards and about 40% of debit cards—are expected to be in the wallets of American consumers by year-end, making it the biggest rollout of new cards in decades."
  • Why We Still Use Checkbooks to Pay the Rent - Bloomberg - "Despite the convenience to landlords and tenants of managing lease payments digitally, 70 percent of U.S. renters still pay by check, according to PayLease, another e-rent facilitator."
  • Costco Gets a Lift by Adding Card Acceptance to Food Courts - Digital Transactions - "Costco quickly saw big lifts in average tickets at the food courts—PIN-debit sales came in 40% higher than the average cash ticket, and the average AmEx ticket was 50% higher than the average cash sale."
  • India Tech Startups: Seven Things That Blew My Mind - Re/code.net (Jason Del Rey) - "You’ll hear more from me in the coming weeks as I document my visit. For now, here’s some of the stuff that surprised this first-time visitor to India’s thriving tech scene."
  • Raytheon to Plow $1.7 Billion Into New Cyber Venture - Wall St. Journal - "Raytheon Chief Executive Tom Kennedy said the threat of cyberattacks such as the one suffered last year by Target Corp. is increasing as cloud computing and mobile services make companies more vulnerable to costly electronic intrusions by state-sponsored hackers, terrorists, organized crime or insiders."
  • Bitcoin Vs. Wall Street: A Love-Hate Story - TechCrunch - "Wall Street’s influence can bring bitcoin to the mainstream, and bitcoin can help bankers provide better banking services that are efficient and trustworthy."

On the Wires:

  • Capital One and Uber Partner to Bring Simplicity and Savings to Customers - "We're thrilled to partner with Capital One, a company that shares our vision of creating elegant, simple solutions to meet important consumer needs," said David Richter, Vice President, Strategic Initiatives, Uber. "Together, we'll provide a meaningful combination of savings and convenience to millions of customers."
  • Vodafone M-Pesa and MTN Mobile Money Agree to Interconnect Mobile Money Services - "This interconnect collaboration between the region’s two biggest mobile money operators will enable convenient and affordable international remittances between M-Pesa customers in Kenya, Tanzania, Democratic Republic of Congo and Mozambique, and MTN Mobile Money customers in Uganda, Rwanda and Zambia."
  • PayPal Announces Two Strong Additions to PayPal Leadership Team - "Louise Pentland will become PayPal’s new General Counsel." "Jonathan Auerbach has been named PayPal’s Senior Vice President of Strategy and Growth."
  • AICPA Survey: One-in-Four Americans Victimized by Information Security Breaches - “The increase in data breaches affecting personal information has given consumers significant cause to be cautious about their activities, both online and off,” said Ernie Almonte, chair of the AICPA’s National CPA Financial Literacy Commission. “Data breaches have the potential to seriously affect consumers’ finances and wreak havoc on their credit scores. The good news is that we are seeing Americans taking steps to safeguard their information and reduce their susceptibility to these attacks.”
  • Protect Your Bubble Improves the Customer Experience with Vindicia CashBox - “At Vindicia, we’re proud to be a part of the way Protect Your Bubble improves the experience of purchasing protection plans for consumers,” said Bryta Schulz, senior vice president of marketing for Vindicia. “CashBox overcomes the billing complexities that can frustrate consumers. Billing processes are more efficient with CashBox, but more importantly, it supports higher levels of customer satisfaction and retention.”

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!

April 20, 2015

Headline News from PaymentsNews.com - April 20, 2015

On the Web:

  • The Year Of Mobile Payments - TechCrunch - "Expectations have changed. The proliferation of mobile money services shows that people – even the unbanked – demand better than the lengthy queues, cumbersome processes, and high fees offered by the incumbent international money transfer “super racket.”"
  • ICICI Bank launches ‘Tap n Pay’, a contactless payment service in arrangement with Tech Mahindra - Telecom Tiger - "‘Tap n Pay’ is a prepaid account, which can be availed by customers of any bank by simply registering for it and transferring money online from any bank account. ICICI Bank customers can also transfer money to the Tap-n-Pay account through an SMS. To start with, this solution is being offered at large campuses of corporate offices."
  • Samsung SDS enters biometric security business - Korea Times - "This system will be applied to all devices that need to receive user authorization such as smartphones, vehicles, IoT-based devices, door locks, smart homes, shopping, transaction and financial products," Kim said. "All corporate clients in those areas are our potential customers."
  • Westpac boss sees NZ as innovation lab - New Zealand Herald - "Westpac Group chief executive Brian Hartzer has embarked on a mission to transform the bank into a world-leading service company, with the Kiwi operations playing a Trojan horse role when it comes to innovations."
  • New Law to Strip Social Security Numbers From Medicare Cards - New York Times - “The Social Security number is the key to identity theft, and thieves are having a field day with seniors’ Medicare cards,” said Representative Sam Johnson, Republican of Texas...

On the Wires:

  • Verifone selects Thales to protect card holder data - "Thales, leader in critical information systems and cybersecurity, announces that Verifone now uses Thales nShield hardware security modules (HSMs) for its end-to-end payment encryption solution – VeriShield Total Protect – to provide robust, high speed, scalable crypto to protect card holder data, whether transmitted from a card or mobile device, right from the moment of capture."
  • GlobeOne Announces LOI with MetaBank to Bring New Mobile Banking Network to United States - "GlobeOne expects to launch in the United States and Mexico in the fourth quarter of 2015, and it will expand its integrated global network as new banking partners are secured around the world. GlobeOne’s innovative app will offer a no-minimum demand deposit account with debit card, a security savings account, a line of credit, domestic and international transfers between GlobeOne members, and access to the global income-building SocialBoost program, which gives members the opportunity to earn a new income stream while helping those who need it most."
  • WEX Virtual Payments Expands Currency Offering in Europe - Myles Stephenson, managing director of WEX Europe said, “We’ve listened to our customers’ needs and business challenges, and implemented a solution that provides even more cost-effective ways to make international payments. This update enables WEX Europe customers to pay their global suppliers in local currencies more efficiently.”
  • Entrust Datacard Enters Strategic Partnership with Financial Software and Systems (FSS) - Commenting on the partnership, Nagaraj Mylandla, managing director of FSS, said, “FSS has always been on the forefront of bringing new technologies to the payments domain in India. Today, banks in India are focusing on new technologies to build a deeper engagement with their customers. The hosted instant card issuance solution that we are introducing through our partnership with Entrust Datacard is one such technology that will assist banks in India to achieve service excellence.”
  • EastPay Launches Subsidiary, EastPay Advisory Services - "EastPay, a Regional Payments Association, has announced the formation of EastPay Advisory Services, a wholly-owned subsidiary that will provide payments risk management, compliance, and consulting services to financial institutions and businesses."

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!

April 08, 2015

Headline News from PaymentsNews.com - April 8, 2015

On the Web:

On the Wires:

  • Apple Pay Coming Soon to You: New Banks & Credit Unions Implement Mobile Payment Service for MasterCard Cardholders - “People are passionate about their devices and they’re ready for their connected devices to do more – including acting as a commerce device – as is evident by the positive reception and uptake of Apple Pay,” said Matt Barr, group head, U.S. Emerging Payments MasterCard. “Consumers want to be able to shop where they want, when they want and how they want – and they want to do so with the confidence that their money is safe and secure no matter how they choose to pay. Issuers are delivering on this by enabling their cards within emerging payment platforms like Apple Pay that deliver consumer choice.”
  • U.S. Bank Offers Prepaid Card Services for the American Red Cross - “Our prepaid card conversion to U.S. Bank will enable the American Red Cross to leverage technology in new ways,” said Steve Casey, corporate treasurer of the American Red Cross. “Most importantly, this new card technology will help the Red Cross deliver its mission more efficiently in communities across the country.”
  • Western Union Enables Skype Customers to Top up at Locations across the U.S. - Western Union’s Odilon Almeida, President, Americas and European Union, said, “The relationship is a logical one, as both Western Union and Skype have a mission to connect people when they are apart. “Western Union is optimizing its money transfer system to link cash and digital for money movement and payments across the globe. We are driving our innovation on the back of what our customers want. Skype is a classic example; where customers can enjoy full digital access with a walk-in payment option,” he said.

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: gotnews@paymentsnews.com!

March 30, 2015

Headline News from PaymentsNews.com - March 30, 2015

On the Web:

On the Wires:

  • Contactless Card Payments enabled on Vodafone Wallet with Visa and Carta Worldwide - "Vodafone customers will soon be able to add bank cards to their Vodafone Wallet and use smartphones to pay for goods and services at contactless terminals, it was announced today. Following new agreements with Visa and Carta Worldwide, bank card payments via Vodafone Wallet will be enabled in European markets from the second quarter of 2015 onwards."
  • MasterCard Expands San Carlos Center of Excellence - "MasterCard today announced the expansion of its San Carlos Center of Excellence and the relocation of senior vice president of Emerging Merchants, Les Matthews, and his team to the company’s West Coast office. MasterCard will also add global communications support in San Carlos with the relocation of vice president, Worldwide Communications, Brian Gendron. The moves enhance the company’s presence on the ground in Silicon Valley – an important market for continuing to deepen MasterCard’s footprint with the tech community."
  • GTCR Announces Sale of Fundtech to DH Corporation - Aaron Cohen, Managing Director at GTCR, added: “This transaction marks another successful example of GTCR’s Leaders Strategy™, as we worked in partnership with an exceptional management team to execute this complex transformational merger. We are pleased that those efforts have resulted in building a market-leader in transaction banking software.”
  • According to New Chase Slate Credit Survey, Checking Your Credit Score Correlates to Financial Aptitude – Yet Gaps in Consumers’ Credit Health Awareness Still Exist - "The survey reveals that Americans who have previously checked their credit score consider a “good” score to be 719 on average1. This is 51 points higher than what is considered to be good by those who have never checked their score (668). What Americans may not realize is that even a score of 719 might not give them access to credit at the best rates."
  • TimesofMoney Announces Launch of 'Movit' - Talking about Movit, Avijit Nanda, Chief Executive Officer, TimesofMoney, says, “TimesofMoney has several success stories to its credit. We have engaged with international clients for Movit and in fact are in the process of deploying it in Africa currently. Since Movit’s primary delivery channel is the mobile phone, it gives a huge thrust to the financial inclusion agenda of governments in emerging economies of India, Asia & Africa where there is an ever-increasing mobile penetration.”
  • Powa Technologies and Merchant e-Solutions Partner to Support POS Application Developers’ Go-To-Market Strategies - “PowaPOS has a unique position in the tablet-based payments market right now. Its fully integrated hardware and universal OS support makes it particularly attractive to POS software developers and to us,” said Tom Bell, CEO, Merchant e-Solutions. “By partnering together, we’ll be able to provide developers with the best payments processing and hardware solutions on the market today.”

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: gotnews@paymentsnews.com!

March 27, 2015

Headline News from PaymentsNews.com - March 27, 2015

On the Web:

On the Wires:

  • Synchrony Financial Extends mApply Mobile Credit Applications for Payment Solutions Customers and Merchants = "Synchrony Financial’s 2014 Major Purchase Consumer Study found that 79% of all shoppers surveyed agree that financing makes large purchases more affordable. Combined with the rapid growth in mobile shopping – 53% of U.S. consumers report using their mobile phone for shopping activities (Synchrony Financial Insights Study, March 2015) – it is clear why the mApply product is popular with both retailers and customers."

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: gotnews@paymentsnews.com!

March 18, 2015

Headline News from PaymentsNews.com - March 18, 2015

On the Web:

On the Wires:

  • Openbay, Online Marketplace for Auto Repair, Now Supports Apple Pay - “Openbay remains the only nationwide mobile and web app for consumers to search for, compare mechanics, book an appointment and pay for auto repair,” said Rob Infantino, founder and CEO. “With Apple Pay, we continue to innovate and maintain a first-mover advantage for vehicle repair. The perceived nuisance of getting one’s car or truck serviced is becoming virtually frictionless.”
  • PAR Expands Mobile Point of Sale (POS) Solutions for Restaurant and Retail - “The addition of the PAR Tablet 5 and PAR Tablet POS underscores and reinforces our commitment to bring the best POS solutions to market for our customers,” said Karen E. Sammon, President of ParTech, Inc. “Mobile POS is one of the fastest growing trends in the restaurant and retail space and today’s announcement will help our customers provide better guest experiences in the course of their business.”

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: gotnews@paymentsnews.com!

March 03, 2015

Headline News from PaymentsNews.com - March 3, 2015

On the Web:

On the Wires:

  • Visa, Pizza Hut and Accenture Develop Connected Car Commerce Experience - “By 2020 it is estimated that more than 250 million vehicles worldwide will include some form of embedded connectivity1,” says Bill Gajda, senior vice president of Innovation and Strategic Partnerships, Visa Inc. “As the number of connected cars on the road increases, so does our ability to bring secure online commerce to consumers everywhere. We initially focused on a specific use case – ordering a meal on your way home – but we envision a world where consumers can seamlessly make many of their everyday purchases from the car.”
  • MasterCard and eTranzact Make it Easier for Millions of Nigerians to Receive Remittances - “For millions of Nigerians, the receipt of funds from friends and family is an important lifeline. HomeSend provides senders across the globe and the recipients in Nigeria with a convenient, safe, and cost effective money transfer channel,” says Omokehinde Ojomuyide, Vice President and Area Business Head for West Africa, MasterCard.
  • Elavon's Simplify Application Makes Payment Security for Mid-to-Large Size Businesses Simple - "Simplify is a software application that resides within a payment terminal that is integrated with a customer’s current POS or Property Management System (PMS). The application uses a layered approach to security that combines encryption, tokenization and EMV to mitigate vulnerabilities while cardholder data is in-transit, in-use and at-rest."
  • Stratos Launches First-To-Market Connected Payment Card, Shipping April 2015 - “Stratos exists to empower consumers to make smarter, more secure payment decisions – all with the benefit of consolidating the cards in their wallets,” said Thiago Olson, Co-Founder and CEO of Stratos. “Replacing the dumb plastic we carry every day, Stratos Card is connected hardware designed to improve how we pay with more security, better decisions and ease of use. Stratos is reinventing your wallet and cards just like the iPod and iTunes reinvented your CD collection.”

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: gotnews@paymentsnews.com!

February 27, 2015

Headline News from PaymentsNews.com - February 27, 2015

On the Web:

On the Wires:

  • Visa to Acquire TrialPay - "As a payments technology partner to merchants globally, Visa will integrate TrialPay into its product portfolio as a simple, cost-effective way to help merchants acquire customers, drive traffic, and increase sales by reaching Visa cardholders with targeted offers."
  • CaixaBank develops new biometrics-based financial services - "CaixaBank launches the first application in Europe to support online banking transactions using voice commands. This represents the bank’s first service to explore the possibilities offered by biometrics to enhance customer interaction with banking channels."
  • American Express Adds New Benefits to Premier Rewards Gold Card - “We’re making one of our most popular cards even better. This latest investment for our Premier Rewards Gold Card Members is designed to deepen our relationship by providing more value in the areas they spend most -- from everyday spending on things like gas and groceries, to dining and larger travel purchases,” said Lisa Durocher, SVP, Consumer Charge Cards & Benefits at American Express.

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: gotnews@paymentsnews.com!

February 26, 2015

Headline News from PaymentsNews.com - February 26, 2015

On the Web:

  • A Different Type of Start Up: Payments in Afghanistan - PaymentsViews.com (Elizabeth McQuerry) - "This is an inspiring story of bankers striving towards greater financial inclusion for their country’s citizens while building the base for electronic payments. The pay off here will almost certainly require years to be realized."
  • PayPal Holdings files Form 10 with the SEC - Late yesterday afternoon, PayPal Holdings filed its Form 10 information about the PayPal spinout process from eBay, details on PayPal’s stand-alone financials, and on the operating agreements between PayPal and eBay going forward.
  • Inside PayPal's Microlending Program - Entrepreneur - "Since launching the Working Capital program, PayPal has paid out more than $200 million, granting some 35,000 loans to 20,000 U.S. small businesses. Last fall, PayPal expanded the program to the U.K. and Australia."
  • Credit cards in America - Slowing charge - Economist - "Nonetheless, there are signs that the go-go years are gone: growth is tapering off, the margins received on lending are declining, and the cost of attracting customers is rising—even though America’s economy is on the up."
  • Boku Introduces “Phone-on-File” to Compete with Credit Cards on One-Time and Subscription Based Purchases - “A key element to the strength of companies like Amazon and Apple has been their ability to create frictionless checkout experiences using stored credit card information,” said Jon Prideaux, Boku CEO. “This is that same experience that Boku is bringing to the mobile phone number with Phone-on-File. Our goal is to make stored ‘phone-on-file’ every bit as powerful as a ‘card-on-file’ for the benefit of our merchant partners.”
  • Barclays pushes for social commerce with Twitter payments feature - Mobile Commerce Daily - "The Barclays Pingit app enables users to transmit payments to anyone with a mobile phone number in Britain, customize payments with messages or photos, send gift cards and make donations, among other features."

On the Wires:

  • Visa Partners with Financial Institutions Across the Globe to Enable Mobile Payment Services - “2015 is the year in which fast and safe mobile payments based on Visa technology will proliferate across the world,” said Sam Shrauger, senior vice president of digital solutions at Visa Inc. “We are very proud that Visa’s Digital Solution is now accessible to the broader market to be used across multiple devices and form factors – enabling secure, fast and engaging commerce experiences in any environment.”
  • CARDFREE Reaches Over 2 Million Consumers on Platform and Expands to International Markets - “With our team’s pedigree in the QSR space, we’ve been able to gain the largest competitive market share with top-50 QSRs in relatively short order,” explained Jon Squire, founder and chief executive officer of CARDFREE. “We’re excited to add international markets into the mix and to broaden our reach to other high volume verticals such as convenience and grocery."
  • Box Brings Financial Services Industry Securely to the Cloud - “Because of the highly sensitive nature of the data it deals with and the strict compliance standards it’s held to, the Financial Services industry has been slow to embrace cloud and mobile technologies,” said Aaron Levie, co-founder and CEO, Box. “However, leading firms are recognizing that mature cloud platforms not only offer agility and productivity, but also an opportunity for better security and visibility around their most valuable content. With Box for Financial Services, we’re making sure security and compliance concerns are no longer hurdles to information sharing and collaboration.”
  • Move over Selfies, Bank of the West Customers Use Their Smartphone Cameras to Pay Bills with Snap-to-Pay from Fiserv - “Our customers can now use their smartphone cameras to add a new bill for payment in about 30 seconds. Because the process is so quick and simple, we envision customers using this method to add new bills into bill pay regardless of if they plan to pay those bills online or on their phone,” said Jamie Armistead, executive vice president of Digital Channels, Bank of the West.
  • First Data Appoints Dan Charron as Executive Vice President, Global Business Solutions - “For nearly a quarter century, I’ve admired First Data from many angles, as competitor, joint venture partner, client, vendor, and now as part the team working to transform the business,” said Dan Charron. “I look forward to working across multiple functions and geographies to provide First Data’s six million clients across the world with the products, services and solutions they need to grow their business,” Charron added.
  • Verifi Adds Chris Derossi as New Chief Technology Officer - "Derossi brings a wealth of technology and payments experience to his new position at Verifi. Most recently, he was Chief Technology Officer at Ultimate Gaming, where he launched the first regulated and licensed online poker site in the United States."
  • Sisense Appoints Amir Orad Chief Executive Officer - "I am very excited to be appointed as the new CEO of Sisense and lead its winning team," said Mr. Orad. "Sisense is a successful innovative company with great people, cutting-edge technologies, and a fast growing loyal customer base. I am a big believer in the significant opportunity presented by the availability of massive amounts of complex data and how data driven companies can unlock great value from such information using Sisense's technology."

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: gotnews@paymentsnews.com!

February 19, 2015

Headline News from PaymentsNews.com - February 19, 2015

Glenbrook Meetup in Chicago - Wednesday, Feb 25

On the Web:

  • American Express Loses Antitrust Suit Over Merchant Rules - Bloomberg - "AmEx failed to show that its so-called non-discrimination provisions, imposed on merchants who agree to accept its card, don’t harm competition, U.S. District Judge Nicholas Garaufis in Brooklyn said in his ruling Thursday."
  • Visa Reaches Deal with Russia Over Payment System - Wall St. Journal - "Visa Inc. will transfer the processing of transactions made on its cards in Russia to a local payment system, Russia’s central bank and the company said Thursday."
  • Why Slow Electronic Payments Can Cause Cash Flow Problems - NPR Morning Edition - "In a recent speech to bankers, Richard Cordray, who heads the Consumer Financial Protection Bureau, said roughly half of all bank fees could be attributed to a slow payment system."
  • NPCI launches Unified Payments Interface - Livemint - "Any kind of payment, including for shopping and paying taxi fares, can be done using an application downloaded on a smartphone once all banks adopt the system. The pilot project will be launched in about four-five months, managing director and chief executive officer A.P. Hota said."
  • Stanford DFJ Entrepreneurial Thought Leaders Series: Putting Startup Success in Perspective - John Collison (Stripe) - "John Collison, co-founder and president of the online payment system Stripe, explains how even the most celebrated startups repeatedly encountered uncertainty and failures along the way. In conversation with Stanford Professor of the Practice Tina Seelig, Collison shares his thoughts on how a venture's path can evolve after its early days, even as the vision holds constant."
  • Heartland’s Decision to Wind Down Leaf Throws Spotlight on Tablet Software - Digital Transactions - "Meanwhile, some observers say the decision to wind down Leaf could be an early indicator that the 5-year-old tablet point-of-sale market is undergoing a shakeout."
  • American Express Will Debut ‘Inspiring’ Celebrity Ads at Oscars - Wall St. Journal - "The credit card giant will debut four 30-second heart-felt ads, created by WPP-owned Ogilvy & Mather, that feature noteworthy people who have beaten the odds and happen to use American Express."
  • Dell Expands Bitcoin Payments to UK and Canada - CoinDesk - "In remarks, Walsh suggested that the decision was prompted by customer demand and the positive feedback the company had so far received for its US offering."
  • Transit Mobile Payments: Driving Consumer Experience and Adoption - Federal Reserve Bank of Boston - "The author conducted interviews with 16 executives representing transit agencies, transport system integrators and companies that provide digital security solutions, mobile ticketing platforms, and mobile marketing solutions, and conducted secondary industry research. The purpose of the research was to assess whether transit mobile payments can help drive adoption of mobile payments in the US..."
  • Lenovo accused of compromising user security by installing adware on new PCs - Guardian - "It leaves any Lenovo user permanently open to a “man in the middle” attack any time they use a public Wi-Fi network, letting an eavesdropper read users’ web browsing at will."

On the Wires:

  • American Express Plans To Appeal Federal Court Ruling In Government Lawsuit - “American Express is disappointed in the court’s ruling, which we believe will harm competition to the detriment of consumers and merchants. American Express intends to appeal the court’s ruling at the appropriate time.”
  • US Treasury announces partnership with digital wallet providers PayPal, Dwolla for online payments - "The goal of these partnerships is to expand the options customers have for transactions with the Federal Government, providing customers greater choice and a better customer experience. For example, customers required to submit a court filing fee at a U.S. Court, or citizens who wish to make a donation to the National Endowment of the Arts, will have similar payment options currently available to them on popular private sector websites."
  • NPCI initiates an ecosystem for Unified Payments Interface - "National Payments Corporation of India (NPCI), the umbrella organization for all retail payment system in India, has taken up a new initiative of implementing “Unified Payment Interface” to simplify and provide a single interface across all systems. The new interface is designed to enable all account holders to send and receive money from their smartphones with a single identifier – Aadhaar number, mobile number, virtual payments address – without entering any bank account information."
  • Visa Extends Easy and Secure Online Payments to New Markets Through Roll-out of Visa Checkout - "Today consumers from ten countries can sign up for Visa Checkout at www.visacheckout.com and start using the service. In the coming months, Visa will extend the service into new regions, so that by the end of 2015 Visa Checkout will be available in the following 16 markets: the U.S., Australia, and Canada ... as well as Argentina, Brazil, Chile, China, Colombia, Hong Kong, Peru, Malaysia, Mexico, New Zealand, Singapore, South Africa and United Arab Emirates."
  • Branch Banking Remains Prevalent Despite the Growth of Online and Mobile Banking - "The study identifies four main factors that have influenced the number and distribution of banking offices over time: population growth, banking crises, legislative changes to branching laws, and technological innovation. In terms of technological change, there is little evidence that the emergence of new electronic channels for delivering banking services has substantially diminished the need for traditional branch offices where banking relationships are built."
  • FinTech Startup Azimo Shakes up Global Money Transfer Services to China - "The new service will provide Azimo’s potential 350 million European customers with the ability to send money direct to every personal bank account in China from just £/€1 for any amount sent."
  • FIS Demonstrates Caliber of Information Security with New ISO Certification - As FIS’ certification states with respect to meeting this standard: “The FIS ISMS supports the operations of strategic data centers by providing a secure and sustainable computing environment to support global financial institutions and commercial clients through the implementation of secure practices and work relationships with supporting functions.”

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: gotnews@paymentsnews.com!

February 05, 2015

Headline News from PaymentsNews.com - February 5, 2015

On the Web:

On the Wires:

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: gotnews@paymentsnews.com!

February 03, 2015

Headline News from PaymentsNews.com - February 3, 2015

On the Web:

On the Wires:

  • Digital River Expands Relationship with American Express to Enhance Payment Services in Mexico - “We know from experience managing more than $30 billion in annual online transactions that consumers are more apt to buy when convenient and familiar payment options are available to them,” said Souheil Badran, Digital River’s senior vice president and general manager of Digital River World Payments. “Adding these services in Mexico will help us further expand our existing relationship with American Express and strengthen our international payments offering.”
  • Jumio Unveils New ID Scan Image Capturing Technology in Latest Version of Netverify - "The new release features a brand new ID image capturing technology, which allows users to position their ID any which way within their camera view. This enhanced template matching capability automatically detects the ID edges, rotates, and accurately crops it in the frame, regardless of the angle at which the user is holding the ID."
  • PEX Visa Prepaid Card and Tallie Launch Integrated Expense Management Solution - “The core value proposition of the PEX Visa Prepaid Card service is that it eases the burden companies place on their employees and accounting departments to cover expense outlays,” said Chris Farrell, CEO of Tallie. “PEX Card allows companies to issue prepaid corporate cards to all employees without the same risks of issuing traditional corporate cards or the accounting labor associated with cash advances."

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: gotnews@paymentsnews.com!

January 22, 2015

Headline News from PaymentsNews.com - January 22, 2015

On the Web:

  • Here's Why Apple Pay Users Have Cut the Plastic - eMarketer - "Among US iPhone 6 and 6 Plus users who had used Apply Pay while shopping at a retail store during Black Friday weekend, nearly three-quarters said using Apple Pay was easier than checking out with a debit or credit card..."
  • Braintree Opens Private Beta to Accept Bitcoin - Coinable Blog - "After working closely with Braintree over the past few months, we are excited to announce that Braintree has opened up private beta access to accept bitcoin for all of its U.S.-based merchants."
  • Bill Gates on Mobile Banking, Connecting the World and AI - Medium (Backchannel) - "The actual ideal is to essentially have a public switch that lets you move funds at low fees between various banks. That kind of rich interchange capability actually still doesn’t exist."
  • Visa Europe 2014 Annual Report - "To reflect the disparities across Europe, there is now more focus on local markets, and a more open and flexible approach to digital payment solutions. At the same time, a robust commercial ethos is being embedded within the business – in order to increase its strategic and monetary value, extend its market position, and protect it from business and regulatory risk."
  • ARM makes 15 predictions about 2015 - Android Authority - "These predictions cover a wide range of topics and reflect all the different areas of technology that utilize ARM based processors. The areas covered include smartphones, wearables, IoT, security and servers."
  • Monitise explores strategic review, warns on full-year results - Reuters - "Monitise Plc, a British mobile banking technology company, said it was reviewing its strategic options and warned that full-year revenue would be below its expectations..."
  • Webster Bank ramps up mobile banking app security with Touch ID - Mobile Commerce Daily - "Webster Bank is one of the first United States-based banks to leverage Apple’s Touch ID feature into its mobile banking application..."
  • Amazon drops mobile wallet as chances of a shakeout grow - Mobile Commerce Daily - "Amazon’s wallet strategy raised questions about its viability from the beginning, as many retailers consider the ecommerce giant a competitor and therefore would be unlikely to want to participate..."
  • Cross-Border Payments: Challenges and Trends - Aite Group - "The correspondent banking model does not meet every customer's modern needs, and the growing volume of low-value cross-border payments oblige banks to rethink their current approach to cross-border fund transfers."
  • Payments Giant Ingenico Adds Bitcoin Option to POS Terminals - CoinDesk - "Bitcoin payments provider Paymium has partnered with one of the world's largest point-of-sale (POS) providers to allow European brick-and-mortar retailers to accept the digital currency."
  • Reporting back from the Blockchain Workshops at MIT and Harvard - "And it turns out Bitcoin may be just the beginning."
  • Bigger than Hollywood - Asymco.com - "Apple paid $10 billion to developers in calendar 2014."
  • Google to Sell Wireless Service in Deals With Sprint, T-Mobile - Wall St. Journal - "Google Inc. is preparing to sell wireless service directly to consumers after striking deals with Sprint Corp. and T-Mobile US Inc., a move likely to prod the wireless industry to cut prices and improve speeds..."

On the Wires:

  • Xoom Announces Touch ID for Mobile Money Transfers - “Xoom has always placed safety and security as a top priority; and now with Touch ID on the Xoom Mobile App, this presents an enhanced customer experience with authentication that is simple and highly secure,” said Joe Raymond, Xoom’s Vice President of Product. “In keeping with our mission of creating a seamless customer experience across our platform, Touch ID will make it faster and easier for our customers to send money from the Xoom App, without having to type in a password.”
  • Wawa Launches New Mobile App and Wawa Rewards Program, Offering Customers a Whole New Way to Connect - "As of January 2015, all of Wawa’s more than 680 convenience stores are accepting mobile payments through the new Wawa mobile app, enabling customers to make in-store purchases with more convenience than ever before, using a Wawa Gift Card from their smart phones."
  • TSYS and Ingenico Group to Offer EMV, NFC and Apple Pay Enabled POS Payment Solutions - “Our relationship with Ingenico Group and its industry-leading expertise in EMV and NFC enabled TSYS to be among the first processors to be certified for Apple Pay,” said Craig Ludwig, senior director and head of product for TSYS' Merchant Services segment.
  • Raise Secures $56 Million in Series B Funding to Build on Company Momentum and Sustain Rapid Growth - "Raise, the largest online marketplace for gift cards, today announced that it has raised $56 million in a Series B funding round led by New Enterprise Associates (NEA), with additional funds supplied by Bessemer Venture Partners (BVP), the Pritzker Organization, Listen Ventures and several notable angels who previously participated."

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: gotnews@paymentsnews.com!
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