On the Web:
- Wake Up, Brick-and-Mortar Retailers - Wall St. Journal - "If you were running a brick- and-mortar retailer and knew that 25 years from now a third of your sales would be online, you would run your business differently."
- Introducing Twitter Offers - Twitter Advertising Blog - "Starting today (in the U.S. only), we’re beginning to test a new way for advertisers to connect with consumers on Twitter and convert them to loyal customers in their stores, on their websites and in their apps. This feature, Twitter Offers, enables advertisers to create card-linked promotions and share them directly with Twitter users."
- Stripe on how Apple Touch ID is transforming point of sale - Wired Retail - "We're really excited about Apple Pay, says Stripe's Andy Young speaking on stage at WIRED Retail. But, he adds, "if we're thinking about the future and where we should go, suddenly it gets even bigger than Apple Pay itself."
- First Data command center in Omaha has major role in war against cybercrooks - Omaha.com - "A team of about 100 employees works during daylight hours and another team of about 55 employees works the night shift, said Dawn Baxter, IT director at First Data."
- What’s Unsettled in Faster Payments? - Portals and Rails Blog - "The UK has successfully offered real-time clearing and availability without real-time settlement. However, other countries have built real-time settlement into their new systems because it does indeed reduce systemic risk."
- The promise of Bitcoin - VentureBeat (Melanie Shapiro) - "The same way that the Internet made information free for the world, Bitcoin makes fraudless transactions free for the world."
- The Blockchain Application Stack - Joel Monego (Union Square Ventures) - "One thing I like about this stack is that it’s growing from the bottom up. First we had miners, the blockchain, and Bitcoin, and now we’re building everything else on top. As far as I know, the most significant revolutions in technology have been built this way."
- The endangered SIM card - Economist - "Since re-programmable SIMs make it easier not just to sign up with a mobile operator but to switch away from one, the operators are wary of the innovation."
On the Wires:
- BitFury Adds Long-Time Silicon Valley Executive and Entrepreneur Young Sohn to Its Strategic Advisory Board - "Young Sohn has served as the president and chief strategy officer for Samsung Electronics since 2012."
Updates from Glenbrook:
- The next session of Glenbrook's Payments Boot Camp will be held Dec 9-10 in Palo Alto, CA. Join us!
- Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews