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Mobile Payments

Welcome to the News View for "Mobile Payments".

Here, on these archive pages, you'll find all of the articles on Payments News for Mobile Payments 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 30, 2016

Headline News from PaymentsNews.com - June 30, 2016

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

ON THE WEB

ON THE WIRES

  • Retailers Applaud Circuit Court Decision Rejecting Visa/MasterCard Settlement - "RILA enthusiastically welcomes the circuit court's decision to throw out this harmful settlement," said Deborah White, executive vice president and general counsel. "Quite simply, the settlement orchestrated by the card networks and banks would have undermined merchants' legal rights forever and would have allowed Visa and MasterCard to impose higher and higher swipe fees with impunity. Today's decision is a victory for all merchants and consumers."
  • IBM and Crédit Mutuel Arkéa Pioneer the Use of Blockchain to Manage Customer Identity and Improve Customer Satisfaction - "Blockchain is a transformative agent in our operational application, as proven by this project -- the first of its kind in France. This pilot offers a complete view of customers' documents across our distributed network," said Frédéric Laurent, COO Innovation & Operations, Crédit Mutuel Arkéa. "The project helped us to understand and master blockchain for other client uses. Now, we are ready to incorporate this technology in our ecosystem."
  • Number of debit cards reaches 100 million for first time - Richard Koch, Head of Policy at The UK Cards Association, said: “Since they were first launched in the UK in June 1987, debit cards have become a prime feature in the nation’s wallets. Now, almost 30 years later, more than half of all retail sales in the UK are made using a debit card. More recently, it has been the growth of contactless, as well as the increasing use of debit cards for online shopping, that has been driving the changes.”
  • Danish local and regional banks launch a mobile wallet powered by Nets - "We are excited to be the first in Denmark to announce our plans to deliver bank-issued mobile wallets from our members, providing a mobile payment solution that delivers real payment convenience to our customers. End users will be able to pay just by 'tapping' their phone at the contactless point-of-sale," comments Søren Nicolaisen, Managing Director, Danish Regional Bankers Association.
  • J.P. Morgan Announces In-Residence Program for Fintech Startups - “In-Residence presents a unique opportunity for talented, ambitious startups to be truly supported by J.P. Morgan’s global resources,” said Sanoke Viswanathan, Chief Administrative Officer of J.P. Morgan’s Corporate & Investment Bank. “By giving them unparalleled access to J.P. Morgan’s people and network, we hope to enhance their ability to create technology-led solutions that can be put into practical use for our industry.”
  • MGT Announces Initial Phase of Multi PetaHash Bitcoin and Blockchain Project - "The current pricing environment of bitcoin and other digital assets coupled with the release of new 16 nanometer ASIC chips provides a significant opportunity to generate excellent profit margins. "

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.

COMING UP IN ATLANTA ON FRIDAY, JULY 15

TAG FinTech presents: Lunch & Learn on Real Time Payments - After years of discussion, the notion of faster payments in the U.S. is rapidly becoming reality thanks to the efforts of the Federal Reserve's Payments Improvement Task Force and its participating firms. These new systems could fundamentally change how we think about person to person transfers as well as business payments. Of these efforts, The Clearing House's real-time payments initiative is among the furthest along and most ambitious. Get the details on its functionality, rollout and potential uses. Glenbrook's Elizabeth McQuerry is moderating the session.

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 29, 2016

Headline News from PaymentsNews.com - June 29, 2016

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

ON THE WEB

ON THE WIRES

  • MasterCard to Simplify E-Commerce for Microsoft Dynamics Customers around the Globe - “Businesses need to be able to sell to their customers wherever they are without headache or hassle,” says Deborah Barta, Simplify Commerce global lead, MasterCard. “We want to make life easier for businesses as they grow, and we look forward to working with Microsoft to bring safe, simple and secure electronic payments to more businesses around the world.”
  • First Data and Silicon Valley Bank Expand Strategic Partnership - “With the power of First Data’s technology combined with our broad relationships across the innovation ecosystem, we help increase our clients’ probability of success while making payment issuance and acceptance easier and more effective,” said Eduardo Vergara, Head of Payment Services, Silicon Valley Bank. “Technology companies tend to expand into many markets earlier than companies in other industries, and require services that can scale easily and globally. Together with First Data, we are able to deliver payment solutions that will truly help our clients grow.”
  • Synchrony Financial Invests in flexReceipts, Inc. - Neeraj Mehta, Executive Vice President, Business Strategy and Development, at Synchrony Financial said: “We are pleased to be a strategic investor in flexReceipts. Synchrony and flexReceipts share a common principle of helping retailers enhance customer loyalty and deliver a frictionless digital customer experience. flexReceipts uses cutting-edge technology in a way that is aligned with our vision for retail innovation..."
  • Consumers Now Can View Credit Card Data alongside Checking and Savings from Their Online and Mobile Banking Solutions - "Digital Insight and PSCU’s platforms integrate APIs, which allow credit card account and transaction data to flow seamlessly between the two platforms in real time. Digital Insight uses PSCU's Data eXchange middleware for real-time integration. Over 120 PSCU Owner credit unions have leveraged Data eXchange’s open architecture to provide the functionality and the enhanced service experience that members are demanding."
  • Definitive Internet of Things and NFC White Paper Published by NFC Forum - "The NFC Forum announced today the publication of a definitive white paper focused on the Internet of Things (IoT) and Near Field Communication (NFC) in the smart home. Titled ″Simplifying IoT: Connecting, Commissioning, and Controlling with Near Field Communication – NFC Makes the Smart Home a Reality,″ the white paper outlines the future of IoT devices in the smart home and how NFC will help developers and manufacturers bring the benefits of IoT to where we live, work, and play. It is available for download at no charge."
  • One in Three American Households Are Stuck in a Relationship with a Financial Services Provider They Don’t Trust - “The fact that so many consumers are working with a financial services institution they don’t trust has significant financial implications,” said Jeremy Bowler, senior vice president of Financial Services at Market Strategies. “It creates greater opportunity for disruptive change, and with financial technology solutions rapidly emerging, this is a pool of consumers who are ripe for the picking.”

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.

COMING UP IN ATLANTA ON FRIDAY, JULY 15

TAG FinTech presents: Lunch & Learn on Real Time Payments - After years of discussion, the notion of faster payments in the U.S. is rapidly becoming reality thanks to the efforts of the Federal Reserve's Payments Improvement Task Force and its participating firms. These new systems could fundamentally change how we think about person to person transfers as well as business payments. Of these efforts, The Clearing House's real-time payments initiative is among the furthest along and most ambitious. Get the details on its functionality, rollout and potential uses. Glenbrook's Elizabeth McQuerry is moderating the session.

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 28, 2016

Headline News from PaymentsNews.com - June 28, 2016

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

ON THE WEB

  • Supreme Court to Hear Case on ATM Fees - Wall St. Journal - "The Supreme Court on Tuesday agreed to consider an appeal by Visa Inc., MasterCard Inc. and several leading banks that are challenging lawsuits alleging they conspired to set anticompetitive ATM fees."
  • Here’s How Citigroup Is Embracing the ‘Fintech’ Revolution - Fortune - "The mega-bank needs to counter a new wave of financial technology startups."
  • OpenTable rolls out in-app virtual tab, eliminating on-the-spot mobile payments Mobile Commerce Daily - “With Tab, paying for a meal is easier than ever – you no longer have to touch your wallet or your phone,” said Tomer Molovinsky, product marketing, payments and marketplace innovation at OpenTable.
  • Online shopping forces shift in inventory strategies - Wall St. Journal - "Online shopping “has forced the industry to rethink not only the math and science behind the inventory pool, but also the strategy,” said Scott Fenwick, a senior director at Manhattan Associates Inc., which makes supply-chain software."
  • LendingClub to Cut 12% of Workforce as Loan Volumes Fall - Wall St. Journal - "LendingClub Corp. said Tuesday that it would eliminate about 12% of its workforce, as loan volumes has plummeted in the second quarter following the troubled fintech company’s disclosure that it had made improper loans in order to boost its numbers."
  • Singapore first in Asia to get Android Pay - Channel NewsAsia - "At launch, Android Pay will work with MasterCard and Visa cards from DBS Bank, OCBC Bank, POSB, Standard Chartered Bank and UOB, and there is no limit as to how many cards can be added by the consumer, Google said."
  • Brexit Jobs Threat At Credit Card Giant Visa - Sky News - "No decisions about relocating jobs has been taken and is unlikely to be until the detail of Britain's future trading arrangements with the EU are close to being finalised."

ON THE WIRES

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.

COMING UP IN ATLANTA ON FRIDAY, JULY 15

TAG FinTech presents: Lunch & Learn on Real Time Payments - After years of discussion, the notion of faster payments in the U.S. is rapidly becoming reality thanks to the efforts of the Federal Reserve's Payments Improvement Task Force and its participating firms. These new systems could fundamentally change how we think about person to person transfers as well as business payments. Of these efforts, The Clearing House's real-time payments initiative is among the furthest along and most ambitious. Get the details on its functionality, rollout and potential uses. Glenbrook's Elizabeth McQuerry is moderating the session.

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, 2016

Headline News from PaymentsNews.com - June 23, 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

  • RBI publishes “Payment and Settlement Systems in India: Vision-2018” - Reserve Bank of India - "The Reserve Bank of India has today placed on its website the “Payment and Settlement Systems in India: Vision-2018”. The Vision-2018 aims at building best of class payment and settlement systems for a ‘less-cash’ India. The broad contours of Vision-2018 revolve around 5 Cs – coverage, convenience, confidence, convergence and cost. To achieve these, Vision-2018 will focus on four strategic initiatives such as responsive regulation, robust infrastructure, effective supervision and customer centricity."
  • a16z Podcast: Fintech Revolution or Evolution? - A16Z - "The problem, observes Warzel — who is joined by a16z Partners Alex Rampell and Angela Strange in this episode of the a16z Podcast on all things fintech, payments, wallets, and more — is that the customers/consumers aren’t at the center of any of this."
  • Circle takes $60M to grow its social payments biz globally, as it steps into China - TechCrunch - "The round is led by existing investor and Beijing based VC IDG Capital Partners, along with Breyer Capital, General Catalyst Partners and what it dubs “a powerful syndicate of major strategic partners” in China, including Baidu, CICC Alpha, China Everbright, Wanxiang and CreditEase."
  • MasterCard plans to invest $800 m in India over the next 4 years - Hindu Business Line - "These investments will flow into processing, mobile technology and solutions and data analytics, said Porush Singh, Country Head for MasterCard in India."
  • Colu Raises $9.6 Million to Promote Blockchain-Based Local Currencies - CoinDesk - "The Series A round, backed by Aleph, Spark Capital, Digital Currency Group and former Thomson Reuters CEO Tom Glocer, follows a $2.5m seed round in early 2015..."
  • Toyota Financial Services Joins R3 Consortium - "Toyota Financial Services, the financial services subsidiary of the Toyota Motor Corporation, has joined banking consortium R3CEV, making it the first organization affiliated with a major automaker to take part in the cross-industry effort."
  • Number of EMV Chip Payment Cards in Global Circulation Increases to 4.8 Billion" - EMVco - "Global technical body EMVCo today reports sustained growth in the worldwide adoption of EMV chip technology. Official figures of aggregated data show that by the end of 2015, the number of EMV payment cards in global circulation increased, year on year, by 1.4 billion to 4.8 billion."

ON THE WIRES

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.

COMING UP IN ATLANTA ON FRIDAY, JULY 15

TAG FinTech presents: Lunch & Learn on Real Time Payments - After years of discussion, the notion of faster payments in the U.S. is rapidly becoming reality thanks to the efforts of the Federal Reserve's Payments Improvement Task Force and its participating firms. These new systems could fundamentally change how we think about person to person transfers as well as business payments. Of these efforts, The Clearing House's real-time payments initiative is among the furthest along and most ambitious. Get the details on its functionality, rollout and potential uses. Glenbrook's Elizabeth McQuerry is moderating the session.

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 22, 2016

Headline News from PaymentsNews.com - June 22, 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

  • Goodbye, Password. Banks Opt to Scan Fingers and Faces Instead. - New York Times - "Some of the nation’s largest banks, acknowledging that traditional passwords are either too cumbersome or no longer secure, are increasingly using fingerprints, facial scans and other types of biometrics to safeguard accounts."
  • Hyperledger Project Adds 7 New Members - Hyperledger - "Hyperledger Project, a collaborative cross-industry effort created to advance blockchain technology, announced today that seven new members have joined to help create an open standard for distributed ledgers for a new generation of transactional applications."
  • Coinbase adds support for PayPal and Credit Cards - Coinbase Blog - "To start, we’re offering PayPal cash-out for US users only. In the future, we hope to add support for other countries, and to support buys through PayPal as well."
  • The Failure of Coin - Medium (Ben Einstein) - "When it comes to hardware startups, there are two types risk that are manageable on their own, but when combined often spell failure: technical risk and product risk."
  • India: Visa issues more than a million contactless cards - Economic Times - ""Contactless is the future of payments in India. Since its launch, Visa payWave has gained strong momentum and wide merchant acceptance."
  • Samsung Takes a Different Approach to Mobile Payments - Fortune - "“We’re a hardware company, and at the end of the day I think what we’re trying to do is get people who hold (one of) our phones and use it…to just love it more,” Elle Kim, global vice president of Samsung Pay, told Reuters in Sydney."
  • Microsoft brings mobile payments to that Windows 10 Mobile user - Inquirer - "Oddly, the service is available only on Windows 10 handsets in the US where contactless payments are not yet widely accepted, as opposed to in the UK where most retailers support the NFC-based service. "
  • Android Pay Prepares to Show a Map of Nearby Locations that Accept Payments - XDA Developers - "...Google has left some hints within the APK file of the latest update that point towards a new feature that will use your current location and pull up a map activity to show you nearby stores that accept Android Pay."
  • National Bank of Kazakhstan to Announce a List of Blockchain Projects Soon - NewsBTC - "It has been speculated that the Kazakhstan’s national bank might want to utilize the blockchain technology to improve inter-transactions between its branches, a project that sounds similar to the famous R3 global banking consortium. Another possible use case revolves around the use of distributed ledger technology for the implementation and tracking of Anti-Money Laundering (AML) and Know Your Customers (KYC) regulations among the banks."

ON THE WIRES

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.

COMING UP IN ATLANTA ON FRIDAY, JULY 15

TAG FinTech presents: Lunch & Learn on Real Time Payments - After years of discussion, the notion of faster payments in the U.S. is rapidly becoming reality thanks to the efforts of the Federal Reserve's Payments Improvement Task Force and its participating firms. These new systems could fundamentally change how we think about person to person transfers as well as business payments. Of these efforts, The Clearing House's real-time payments initiative is among the furthest along and most ambitious. Get the details on its functionality, rollout and potential uses. Glenbrook's Elizabeth McQuerry is moderating the session.

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 20, 2016

Headline News from PaymentsNews.com - June 20, 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

  • New Costco Anywhere Visa Card by Citi Offers Cash Back Rewards on Every Purchase - “We have a strong relationship with our members and it’s important that we’re rewarding their loyalty to us,” said Craig Jelinek, CEO and President, Costco. “Our new co-brand credit card agreement with Citi on the Visa network enables us to offer significant value and benefits for our members across 494 locations in the U.S. and Puerto Rico.”
  • That familiar ring? It’s your mobile phone, not your wedding band - "“We saw consumers really step up their use of digital banking tools – especially mobile apps – in the last year,” said Donna Vieira, Chief Marketing Officer of Consumer Banking at Chase. “We continue to enhance our digital banking services to let customers bank how, when and where they want.”"
  • Elavon Supports Payments Innovation with Apple Pay Expansion in Canada - "Elavon is among the first payment processing companies to offer Apple Pay to Canadian businesses, and provides support for in-person payments, as well as in-app purchases for Interac®, Visa®, MasterCard® and American Express®."
  • Dragonfly Fintech Selected to Implement Payment Solution - "It is about transforming the money remittance space and repositioning the service as a platform business allowing near frictionless participation," said Lon Wong, CEO, Dragonfly Fintech.
  • Blockchain Technology: Disruptive Forces in Financial Services, According to IDC - James Wester, research director at IDC Financial Insights and author of the report, said, "Blockchain has emerged during a time of incredible change in the payment space. Even though banks and technology vendors are grappling with many issues right now, they should pay particular attention to blockchain. It represents a complete shift in the way electronic transactions have been handled for decades, and participants in the market should begin thinking about how they will adapt to it."

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 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 16, 2016

Headline News from PaymentsNews.com - June 16, 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

  • Home Depot Files Antitrust Lawsuit Against Visa, MasterCard - Wall St. Journal -"This time, the do-it-yourself retailer also contends that Visa and MasterCard colluded to prevent the adoption of new chip-based cards that require consumers to enter a personal identification number, or PIN, to authorize a transaction."
  • Visa Defends Fees in Wal-Mart Canada Dispute - "In an advertisement to be published in Canadian newspapers on Thursday, the payments network said it is disappointed that Wal-Mart is threatening to stop accepting Visa at its stores."
  • Wells Fargo’s new credit card comes with mobile-enabled tracking - Mobile Commerce Daily - "Cash Track is a subset of Wells Fargo’s online banking, available exclusively to new credit card Cash Wise members, and allows customers to view rewards, set goals, track progress and view lifetime rewards on their mobile devices."

ON THE WIRES

  • Visa to Help Accelerate EMV Chip Migration and Support Merchants - "Visa has streamlined its testing requirements, amended and simplified the terminal certification process, and committed to investing further resources and technical expertise in a manner that can reduce timeframes by as much as 50 percent. Visa is also making policy changes to help limit exposure to counterfeit fraud liability for merchants who are not yet chip-ready."
  • Walmart Introduces Walmart Pay in Georgia - "With this launch, Walmart becomes the only retailer to offer its own payment solution that works with any iOS or Android device*, at any checkout lane, and with any major credit, debit, pre-paid or Walmart gift card – all through the Walmart mobile app."
  • Payments Canada, Bank of Canada Research Highlights Global Trend Towards Faster Payments - "The research, Clearing and Settlement Systems from Around the World: A Qualitative Analysis, identifies a series of commonalities between jurisdictions with modernized payment systems, but reveals there is no “one size fits all” approach to modernizing payments. Each country’s path to modernization is unique, shaped by local public policy priorities, user needs and legacy payment systems."
  • Chase Customers Can Now Send Money to More People in Real Time - "Chase customers sent $20 billion in person-to-person transactions through Chase QuickPay last year. Real-time transactions with customers of other participating banks will be available soon through the clearXchange™ network from Early Warning, which currently reaches up to 65% of the digital banking population in the U.S."
  • Consumers Respond to Apple Pay Messaging with More Payments - "According to early results, USAT believes that smartphone users shown digital advertising at point-of-sale through the ePort Interactive platform are more apt to pull out their iPhone to make a purchase, and even spend more during the transaction."
  • Ingenico Group and nanoPay Corporation Partner to Enable Canadian Retailers to Accept MintChip Digital Cash - "Ingenico Group embraces innovative solutions in Canada that expand our reach to a new generation of digital customers," said Suzan Denoncourt, Managing Director, Canada for Ingenico Group. "This partnership further reinforces our leadership position in payments technology by enabling MintChip digital cash transactions for the thousands of retailers using our smart terminals across Canada."
  • Ally Bank Introduces the Ally CashBack Credit Card - "We are confident the Ally CashBack Credit Card's rewards structure will resonate with customers, and the ten percent bonus feature for rewards deposited in an eligible Ally Bank account is consistent with our philosophy to help them maximize their savings opportunities."

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 09, 2016

Headline News from PaymentsNews.com - June 9, 2016

ON THE WEB

ON THE WIRES

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 08, 2016

Headline News from PaymentsNews.com - June 8, 2016

ON THE WEB

  • Stripe en France - "Today, we’re happy to remove the beta label and to make Stripe available to tout le monde in France."
  • Amazon Plans $3 Billion Investment in India - Wall St. Journal - "The announcement brings Amazon’s total planned investment in India to $5 billion, since it announced a $2 billion infusion in 2014."
  • CurrentC beta test ending on June 28; further efforts postponed - iMore.com - "CurrentC, the Apple Pay competitor put forth by the MCX consortium, will soon end its beta test. Accounts will be closed on June 28, and all upcoming releases of CurrentC will be postponed indefinitely."
  • Here is the future of Apple Pay - ComputerWorld - "Apple’s Apple Pay plans reach far beyond what we know today. Apple will expand in multiple directions as it attempts to boost adoption of its service."
  • The Indian start-up that may sideswipe Apple Pay - CNBC - "While most competitors (including Apple) operate on the consumer side, he said Ezetap is single-minded. "Our job is to help bring merchants into the mobile internet world." "

ON THE WIRES

  • Singapore Payments Companies Selected for Wells Fargo Startup Accelerator - "“Regularly collaborating with startups on a wide range of technologies through the Startup Accelerator helps Wells Fargo explore big ideas outside our walls and industry for our customers’ benefit,” says Steve Ellis, head of Wells Fargo’s Innovation Group, which serves as the catalyst for transformational change across Wells Fargo. “We’re excited to invest in Alpha Payments Cloud and Jewel Paymentech through our Startup Accelerator."
  • NRF Says Overturning Dodd-Frank Would Reinstitute Price Fixing by Card Companies - “Protecting bank profit margins at the expense of competition is not sound public policy and it will harm merchants and consumers. The financial services industry attempted to get Congress to reject transparency and competition in 2010 and again in 2011. Both efforts failed. On behalf of retailers and their customers, NRF will fight for free and open markets.”
  • More Americans Turning to Payroll Cards – Here’s Why - “Not only do employers save money by cutting the administrative costs associated with distributing paper checks, but employees also save time and money by promptly receiving their wages on pay day and avoiding check cashing fees."

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 07, 2016

Headline News from PaymentsNews.com - June 7, 2016

ON THE WEB

ON THE WIRES

  • Visa Introduces Digital Commerce App to Grow Mobile Capabilities of U.S. Financial Institutions - “The Visa Digital Commerce App brings together a comprehensive set of services to empower financial institution clients of all sizes to quickly offer their own digital payment experience to cardholders, while keeping their brand and relationship with the cardholder front and center,” said Oliver Jenkyn, group executive, North America, Visa Inc.
  • Western Union Pioneers Digital Money Transfer to Cuba - “We expedited activation of our digital money transfer convenience for senders in the Cuban diaspora as we know first-hand the value of remittances to the economic security of families and funding of small businesses. Expanding accessibility and moving money in minutes is what underpins our entire omni-channel strategy.”

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 06, 2016

Headline News from PaymentsNews.com - June 6, 2016

ON THE WEB

ON THE WIRES

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!

June 03, 2016

Headline News from PaymentsNews.com - June 3, 2016

ON THE WEB

ON THE WIRES

  • European Commission Approves Visa Inc.’s Acquisition of Visa Europe - "Visa has now received all regulatory approvals required for the acquisition. The transaction has already been cleared by both the Jersey and the Turkish competition authorities. The transaction is expected to close in Visa Inc.’s fiscal third quarter of 2016."
  • Retailers Ask FTC to Investigate Credit Card Industry’s PCI Security Group for Antitrust Concerns - "In a 19-page white paper submitted to the FTC, NRF said the card companies use their market power to “unfairly leverage their brands and proprietary technology through webs of closely controlled interdependent bodies and compliance regimes” including the council."
  • Amazon Alexa Continues to Get Smarter: Over 1,000 Third-Party Skills Now Available - “At Capital One, we’re continually exploring new ways to harness technology to help our customers confidently and securely manage their money, wherever they are,” said Ken Dodelin, Vice President of Digital Product Management, Capital One. “Through the Alexa Skills Kit open APIs and developer tools, we were able to easily give our customers direct voice access to their accounts so they could hear how much money they have in their accounts, make credit card payments and stay on top of recent account changes."
  • Apple Pay Coming to Grubhub's Customers - "We're always looking for ways to make it easier for our diners to find and order the type of food they want, when they want it, from their favorite local restaurants," said Sudev Balakrishnan, SVP of Product for Grubhub. "We're thrilled to bring the ease of use of Apple Pay to our diners. It offers another quick and convenient way for them to pay for their meals, whether they're at home or on the go."

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!

June 02, 2016

Headline News from PaymentsNews.com - June 2, 2016

ON THE WEB

  • PayPal Isn’t a Bank, But It May Be the New Face of Banking - Wall St. Journal - "The central role PayPal seeks to play in the financial lives of its users shows the rapid evolution of what people think of as banking and could spark many of the world’s largest financial institutions to reconsider their own long-held customer relationships."
  • Digital Wallets: The Honor All Devices Rule - Credit Slips (Adam Levitin) - "The basic issue with digital wallets is that they aren't all the same in terms of costs and benefits, but merchants have to accept them equal on an all-or-nothing basis."
  • PayPal's mission to diversify, one mom at a time - CNET - "PayPal plans to open up Recharge to more groups, hoping to make the company more diverse and provide opportunities to experienced workers, such as veterans, who are often overlooked."

ON THE WIRES

  • ACI Worldwide Simplifies and Expedites Secure eCommerce Payments for Global Merchants - "The SaaS-based UP eCommerce Payments solution is the realization of ACI’s eCommerce strategy, which began with the 2014 acquisition of Retail Decisions (ReD) and its market-leading solution for preventing and managing eCommerce fraud. In 2015, ACI acquired PAY.ON and its robust global eCommerce payment gateway solution."
  • ATMIA Releases Industry Report on Operation Choke Point - "Sponsored by the U.S. Independent ATM Deployer Committee, the report details the issues the ATM industry has faced due to Operation Choke Point (OCP) and how independent ATM deployers (IAD) can protect their businesses and respond to bank inquiries."
  • UnionPay becomes the official payment brand for the Great Singapore Sale 2016 - "On June 2, UnionPay International and Singapore Retailers Association jointly announced that UnionPay will become the only official payment brand for GSS from 2016 to 2018. During the GSS, over 100 local merchants will provide exclusive offers and privileges for UnionPay cards."

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!

May 31, 2016

Headline News from PaymentsNews.com - May 31, 2016

ON THE WEB

ON THE WIRES

  • Payveris Raises Additional $7.5 Million in Funding - "Through its suite of open APIs and widgets, Payveris provides financial institutions and their digital banking partners with unlimited control and flexibility of the user experience across any digital channel or application, enabling money to be moved to anyone, anywhere, anytime and with any device – all of this on a single, unified platform."
  • GoSwiff appoints Mark Patrick as new CEO - "Before joining GoSwiff, Mr. Patrick was Managing Director Asia Pacific for Ingenico ePayments, the online and mobile commerce division of Ingenico Group."

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!

May 27, 2016

Headline News from PaymentsNews.com - May 27, 2016

ON THE WEB

ON THE WIRES

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!

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!

May 19, 2016

Headline News from PaymentsNews.com - May 19, 2016

ON THE WEB

  • Thunder, Lightning and Interledger - Medium (Adrian Hope-Bailie) - "It’s still very early to tell, but on first appraisal, it looks like Blockchain has taken a great stride in fixing a major limiting factor of Bitcoin and one that made it very difficult to use Bitcoin with Interledger; transaction speed."
  • Android Pay wants to streamline Web payments and customer signups - ArsTechnica - "In a call with Ars on Tuesday, Senior Director of Product Management for Android Pay Pali Bhat said that the Android Pay team has been working to increase user signups and encourage continued use of the platform, something that all mobile payment platforms have struggled with in the last five years."
  • Google Home: A Voice-Activated Device That Already Knows You - New York Times - “Before I got an [Amazon] Echo I thought it was a joke and a bad idea,” said Gene Munster, an analyst with Piper Jaffray. “But I saw the utility and ended up buying five of them for my family.”
  • Android Pay now in the UK, new countries on the way - Android Official Blog - "You will be able to use Android Pay everywhere contactless payments are accepted including your favourite high street stores like Boots, Starbucks and Waitrose and pay for the Tube, bus and train with Transport for London."

ON THE WIRES

  • Chime Brings Apple Pay to Members, Adds 'Pay Friends' Feature and Closes $9MM in Financing - "The mobile banking company also closed an additional $9 million of funding and has raised a total of $21 million to date. Lauren Kolodny, recently named to the Forbes 30 under 30 Venture Capital list, led the financing for Aspect Ventures and has joined Chime's board."
  • Vocalink Signs Deal With Unionpay International - "Under the deal, VocaLink will provide ATM transaction processing and UnionPay sponsored access, providing acquirers with a fast go to market solution, which allows them to accept transactions from a growing market. On average, the value of UnionPay card withdrawals from UK ATMs are five times the average value of UK ATM withdrawals."
  • ATM is a New Skimmer: Crooks Bring ATMs on Their Side - "The Skimer group starts its operations by getting access to the ATM system - either through physical access, or via the bank's internal network."

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!

May 17, 2016

Headline News from PaymentsNews.com - May 17, 2016

ON THE WEB

ON THE WIRES

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!

May 16, 2016

Headline News from PaymentsNews.com - May 16, 2016

ON THE WEB

ON THE WIRES

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!

May 09, 2016

Headline News from PaymentsNews.com - May 9, 2016

ON THE WEB

  • Jumio Wins Court Approval of Sale to Centana - Wall St. Journal - "Jumio chose Centana’s $850,000 offer over a much larger offer from Facebook co-founder Eduardo Saverin, which the company’s shareholders vehemently opposed."
  • What you need to know about blockchain technology - Toronto Star - "So what is it? Blockchain is the ingeniously simple, revolutionary protocol that allows transactions to be simultaneously anonymous and secure, peer-to-peer, instant and frictionless."
  • How blockchains could change the world - McKinsey (Don Tapscott interview) - "In this interview with McKinsey’s Rik Kirkland, Tapscott explains how blockchains—an open-source distributed database using state-of-the-art cryptography—may facilitate collaboration and tracking of all kinds of transactions and interactions."
  • Bitcoin: Identity crisis - FT.com - "The true identity of Satoshi Nakamoto has tantalised bitcoin’s digital treasure hunters from the earliest days of its existence."

ON THE WIRES

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!

May 05, 2016

Headline News from PaymentsNews.com - May 5, 2016

ON THE WEB

ON THE WIRES

  • Samsung Reinvents the Refrigerator - "Groceries by MasterCard – Order groceries online from leading retailers like Fresh Direct and ShopRite and pay for them through a simple, single check-out with any U.S.-issued credit or debit cards."sa
  • GlobalPlatform and FIDO Alliance sign memorandum of understanding to ease identity authentication - "The two industry associations are working to ease FIDO authenticator development on GlobalPlatform-based secure component products. This will enable service providers to efficiently incorporate user authentication features – such as voice recognition and biometrics – as part of their GlobalPlatform-secure deployments."

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!

May 04, 2016

Headline News from PaymentsNews.com - May 4, 2016

ON THE WEB

  • Five Answers – Sort of – to the Big Questions on Blockchain and Bitcoin - PaymentsViews.com (Carol Coye Benson) - "I’m back from two days at Consensus 2016 in NYC, and reporting as promised into my investigation of the Five Big Questions."
  • 21 Inc Unveils Plan to Make Every Computer a Bitcoin Computer - CoinDesk - "Freely available, the software allows any connected device to join the 21 network, enabling connectivity with the 21 Marketplace and providing capabilities that were previously only available to owners of the 21 Bitcoin Computer."
  • Financial fraud targeting older adults often involves appeals to emotions like anger, excitement - Stanford News - “When emotionally aroused, either excited or frustrated, older adults may be more susceptible to being victimized by scammers than are younger individuals,” said Ian H. Gotlib, the David Starr Jordan Professor of Psychology and chair of the Stanford Psychology Department. “In the present study, they were more likely to want to pay for an item advertised misleadingly, regardless of how credible they believed the advertisement was.”
  • Faster Payments: Is Same-Day Fast Enough? - FIS Payments Leader - "Markets around the world have been rolling out real-time payment systems over the last decade. But is the instant gratification from true real-time payments the only solution for unmet consumer and corporate needs? Would same-day payments meet most, if not all, of the same needs?"

ON THE WIRES

  • Kohl’s Charge and Yes2You Rewards Now Easy as One Tap in Apple Pay - “Kohl’s is blending the physical and digital shopping experiences in more ways than ever before. Offering conveniences to Kohl’s customers that make it easy for them – like a seamless one-tap checkout in Apple Pay that integrates our value-driven Yes2You Rewards loyalty program – is one of the ways that we are leading as an omnichannel retailer,” said Ratnakar Lavu, Kohl’s chief technology officer.
  • Android Pay and Samsung Pay now available for BBVA Compass cardholders - "In today's fast paced world, it's imperative that we ensure our customers' need for convenience is kept at the forefront," said BBVA Compass Director of Payments Ryan Kraynick. "Android Pay and Samsung Pay are payment options that may make customers' lives a little easier."
  • i2c Expands Platform-Level Payment Control Features - "With card controls features integrated in our platform, issuers can more easily provide consumers with customizable features like real-time alerts that give them immediate updates on critical account information like suspicious transactions," said Lisa Fugate, vice president, credit processing, at i2c. "i2c was the first payment processor to offer card controls, and industry adoption has confirmed their value to issuers and cardholders."
  • Affirm Appoints eBay Executive Carl Gish as Company’s First Chief Marketing Officer - “eBay notwithstanding, the kind of skills and know-how Carl built while developing the Dove Real Beauty campaign for Unilever, and as Dyson’s North American CMO, is exactly the deep consumer brand marketing expertise and talent Affirm needs in its next wave of growth,” said Affirm Chief Executive Officer (CEO) Max Levchin.
  • Entrust Datacard Achieves Instant Issuance Milestone – Over 10 Million EMV Chip Cards Instantly Issued within the U.S. in One Year - "Giving consumers the ability to walk into a branch location to immediately receive an EMV card has helped turn a consumer experience from negative to positive."
  • Nuspay Selects Microsoft Azure for Next-Gen Digital Currency Platform - "The Nuspay Digital Currency (NDC) cryptocurrency ecosystem was engineered to meet and exceed the current and future challenges facing governments, central banks, monetary authorities and enterprises seeking to deploy digital currency. Additionally Nuspay is in the process of developing an international digital currency exchange with planned sites in Singapore and the Caribbean."
  • 3dcart Now Offers Comprehensive Vantiv Payment Processing Integration to Online Stores - “3dcart is committed to creating tight integrations with the best eCommerce partners on the market, and the results of those initiatives help provide online merchants with access to diverse payment processing options,” said 3dcart CEO Gonzalo Gil.

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!

April 29, 2016

Headline News from PaymentsNews.com - April 29, 2016

ON THE WEB

ON THE WIRES

  • Carrier Billing Comes to Spotify in New European Markets - “Our partnerships with carriers connecting to Spotify in the UK have been a phenomenal success both in terms of revenue and new subscriber acquisition. So much so that, in the UK, the default payment method for new Spotify users has changed from credit card to carrier billing,” said Jon Prideaux, CEO of Boku.
  • Cardlytics Powers Purchase-Based Targeting with New Syndicated Audiences - "Cardlytics Audiences draw on purchase insights from more than $1.5T in actual consumer spend. This purchase history includes transactions across credit, debit, ACH and bill pay – breadth that is unmatched in the industry."

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!

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!

April 25, 2016

Headline News from PaymentsNews.com - April 25, 2016

ON THE WEB

ON THE WIRES

  • The Clearing House and FIS Submit Joint Proposal to Fed’s Faster Payments Task Force - “TCH is implementing a foundational clearing and settlement system whose core attributes will enable financial institutions to develop innovative new products for their customers,” said Jim Aramanda, CEO of The Clearing House. “We know that if our system meets the needs of customers in terms of innovative services, speed, efficiency, and security there is no reason it won’t also align with the Task Force’s criteria.”
  • CPA Leads Transition to Electronic Payments with Launch of Global Messaging Standard in Canada - “Our participant financial institutions endorse ISO 20022 because it is clear that consumers and businesses alike will benefit from exchanging more data with electronic payments,” said Gerry Gaetz, President and CEO of the CPA. “The adoption of ISO 20022 will enable the Canadian financial community to provide better service, both domestically and across borders, to their customers.”
  • Dynamic Scrip Introduces ‘Dynamic Pay’ Mobile Rewards Program - "As one of the largest mobile payment retail networks in the country, Dynamic Pay offers up to 10% cash back to consumers for everyday purchases at over 200 national retailers spanning more than 300,000 locations around the U.S."
  • First Data’s Transformation Includes Major Strides in Diversity Programs & Recognition - "For the second consecutive year, First Data was named one of the Top 25 Noteworthy companies for diversity, a list cultivated from a pool of more than 1,800 companies."
  • TSYS Extends Payments Agreement with HealthEquity - “Our renewed partnership with TSYS will enable us to continue to grow our business quickly and efficiently,” said Jon Soldan, executive vice president of Operations at HealthEquity. “We look forward to working in partnership with TSYS to provide industry-leading service for our partners.”

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!

April 20, 2016

Headline News from PaymentsNews.com - April 20, 2016

ON THE WEB

  • Payments on Fire Podcast: On Internet Money – Talking Circle.com with Jeremy Allaire - PaymentsViews.com (George Peabody) - "The view that moving money is or should be an internet-wide capability is a guiding principle for Jeremy Allaire, founder and CEO of Circle. Take a listen to Jeremy on how Circle is connecting US dollars to British pound sterling, his plans for the euro, and how multiple technologies – blockchain and machine learning among them – enable money movement for Circle’s customers."
  • Why the Big Banks Can't Imagine Their Own Demises - New Yorker - "Later this year, the big banks will be given another shot at getting their living wills right. It’s important for the country that they do so, because we can’t have a sensible debate about whether and how to break up these institutions until we know how much of a risk they pose."

ON THE WIRES

  • New comScore Study Shows PayPal Online Checkout Conversion is 87.5%, Outperforms Competitors by 36% - “This comScore study shows that shoppers are completing their purchases with PayPal, at almost twice the rate of legacy systems,” said Bill Ready, senior vice president of product and engineering, PayPal. “As more commerce moves to mobile, having an easy way to checkout moves from a nice-to-have to a must-have. Last quarter, our customers made more than 15 million transactions a day on the PayPal platform, with 28% of them from mobile devices.”
  • SWIFT and Accenture outline path to Distributed Ledger Technology adoption within financial services - “Since the emergence of DLTs, the financial services industry has been looking for answers to questions about the potential use of these new technologies,” says Fabian Vandenreydt, Head of Securities, Innotribe and the SWIFT Institute, SWIFT. “The technology assessment has given us valuable insights into the necessary requirements for DLTs to succeed in financial services. It provides a clear state-of-play, outlining the different factors the technology needs to address, and the current maturity of DLTs in each of these areas."
  • Federal Reserve Bank of Chicago / Visa Inc. Convene Milestone Tenth Annual Global Financial Literacy Summit With Eye Toward Future - "At Visa, we have found that our most effective financial literacy programs come from strong partnerships between the public and private sector," said Nat Sillin, Visa's program lead for Financial Literacy. "Today's summit brings together well-respected leaders for an engaging discussion of how to improve financial education globally. We are encouraging summit attendees and webcast viewers to make their own commitment to advance personal finance education, which they can do by visiting www.finlitsummit.org."
  • Discover Global Network Signs with Computop to Increase International E-Commerce Merchant Acceptance - "This agreement is part of Discover Global Network’s ongoing effort to increase global acceptance, both online and in-store, through partnerships with leading payment service providers. By working with Computop, all cards running on the Discover Global Network will be provided with seamless and secure access to additional top merchants in the travel, e-commerce, hospitality and retail industries, among others."
  • RS Software Selected By Base Commerce - According to Jason Kafer, Chief Technology Officer of Base Commerce, “The depth of payments knowledge at RS Software is a critical value add to my business. I can achieve better control of the total cost of ownership related to my technology investment."
  • Samsung Pay Partners with Global POS Providers to Accelerate Mobile Payments Adoption - "Samsung announced today new partnerships with the world’s largest POS makers, including Verifone (NYSE: PAY), Ingenico Group, First Data and Clover, PAX Technology, Equinox, ID TECH, MagTek, USA ePay and OTI Global, to accelerate mobile payment adoption by ensuring the best possible user experience at merchants’ point-of-sale (POS) systems during checkout"
  • Moneris Partners with talech to Offer U.S. Merchants an mPOS and Business Management Solution via Banks - “Mobile is quickly emerging as the solution of choice for many merchants today as they look to increase their business efficiency and productivity,” said Chris Lee, President, North American Strategic Partnerships and Emerging Markets, Moneris Solutions. “With nearly half of all POS solutions expected to be mobile in the next three years, our partnership with talech allows us to deliver to merchants a complete business management solution.”
  • The Nilson Report Releases Top U.S. Debit Cards 2015 - "Bank of America, Wells Fargo, JPMorgan Chase, PNC Bank, and U.S. Bank were the top 5 issuers based on combined signature-based and PIN-based debit as well as prepaid card spending."
  • First Data Launches Clover Online Store, An All-In-One eCommerce Solution - “Clover Online Store provides business owners with an ‘all-in-one’ integrated solution that includes shopping cart functionality, web design and all of the business management features that come with Clover,” said Guy Chiarello, President, First Data.

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!

April 05, 2016

Headline News from PaymentsNews.com - April 5, 2016

ON THE WEB

ON THE WIRES

  • State of Delaware Unveils Blockchain Initiative to Leverage Potential of Smart Contracts - "Delaware has long been the jurisdiction of choice for the most innovative companies in the world," said Governor Markell. "The Delaware Blockchain Initiative demonstrates the state's commitment to ensuring this remains the case for the growing blockchain technology sector. By creating the opportunity for a broad range of corporations – from Fortune 500 companies to startups – to take advantage of distributed ledger and smart contract applications, we are laying the groundwork for a more modern, secure and transparent business environment for years to come."
  • Microsoft and R3 Partnership to Accelerate Adoption of Distributed Ledger Technologies by Global Banks - “With intelligent, cloud-based technology, R3 and member banks will experiment and learn faster, accelerating distributed ledger technology deployment,” said Peggy Johnson, executive vice president of global business development at Microsoft. “What’s more, our collaboration brings to light tremendous opportunities to rethink business processes and transform entire industries.”
  • Sage Payment Center Extends the Benefits of Embedding Payments Management Into an Accounting System - "This latest version of Sage Payment Center extends the benefits of embedding payments within an accounting system to help small and medium businesses get paid faster, simplify their business operations, and ultimately make smarter decisions," said Paul Bridgewater, CEO of Sage Payment Solutions. "With Sage Payment Center, businesses can choose how they want to process a payment, easily spot accounts receivable trends, make payment acceptance part of their existing workflow, easily make automatic deposits, and much more."
  • MasterCard Announces President, U.S. Issuers - "MasterCard today announced the appointment of Raj Seshadri as president, U.S. Issuers. In this new role, she will be responsible for managing and expanding the company’s partnerships with banks and credit unions across the U.S. market."
  • New TNS Message Translation Solution to Streamline Payments Industry - "TNSConnect2All provides a single messaging specification that can be readily adapted to the unique interfaces of multiple payment processors. This gives merchants, ISOs and terminal providers greater flexibility, enabling connections with multiple acquirers and processors through one connection to TNS..."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming up in early April - both in 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!

March 30, 2016

Headline News from PaymentsNews.com - March 30, 2016

ON THE WEB

ON THE WIRES

  • Introducing Build with Square: Developing New Ways to Sell with Square - "Build with Square is a collection of APIs available to our sellers and the developers they work with today. With our Register API, any iOS point of sale can be customized to process payments with Square."
  • Federal Reserve survey provides information on mobile financial services - "Mobile banking use continued to rise last year as smartphone adoption grew and consumers were increasingly drawn to the convenience of mobile financial services, according to a Federal Reserve Board report, Consumers and Mobile Financial Services 2016, released on Wednesday."
  • Recurly Teams Up with Kount to Help Subscription-Based Merchants Combat Fraud - "Our cloud-based platform is ideally suited to help merchants protect their business from cybercriminals, a mission that requires constant vigilance in an ever-evolving threat landscape," said Brad Wiskirchen, chief executive officer, Kount. "We are excited to work with the team at Recurly to tailor a fraud solution that is unique to the specific business needs of subscription-based merchants."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming up in early April - both in 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!

March 24, 2016

Headline News from PaymentsNews.com - March 24, 2016

ON THE WEB

ON THE WIRES

  • First Data and First Tennessee Bank Form Strategic Relationship to Support Small Businesses - "Under the new enterprise agreement, First Tennessee will provide its small business clients with First Data’s innovative products, including the Clover® family of business management solutions. First Tennessee will also join First Data’s STAR® Network and have access to an array of cutting-edge fraud protection tools."
  • Federal Reserve Board begins 2016 Survey of Consumer Finances - "This survey is one of the nation's primary sources of information on the financial condition of different types of households," Federal Reserve Board Chair Janet Yellen said in a letter to prospective survey participants. "Our previous surveys…have helped the Federal Reserve and other parts of the government make policy decisions and have also supported a wide variety of basic research, public discussion, and education."
  • U.S. Bank Introduces Mobile Check Deposit App for Small Businesses - “Using Deposit Express, customers can streamline their check deposit process, eliminating delays associated with trips to the branch or their office,” said Sam Robb, head of receivables solutions for treasury management at U.S. Bank. “Deposit Express is specifically tailored to meet the needs of small businesses. It offers robust reporting and research capabilities, as well as integration of mobile and web deposit channels.”
  • MBNA Gets Ready For Android Pay - "UK contactless spend increased steeply in 2015, more than trebling to reach £7.75 billion. With nearly one in eight card transactions now using contactless technology*, Android Pay will be the latest option for tech-savvy consumers who are forgoing not only cash but cards in favour of mobile wallet payment methods."
  • National Gift Card Draws on Tech Advances to Offer Rewards in Real Time - "With 9 out of 10 U.S. adults owning a cell phone and global cell phone use projected to top 5 billion by 2019, National Gift Card Corp. is leveraging this trend with its smart mobile gift card solution that works for virtually any small or large businesses through its proprietary Application Programming Interface (API)."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming up in early April - both in 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!

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