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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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July 30, 2014

Headline News from PaymentsNews.com - July 30, 2014

On the Web:

On the Wires:

  • First Data Announces Agreement to Acquire Gyft, the Leading Digital Platform that Enables Consumers to Buy, Send, Manage and Redeem Gift Cards Using Mobile Devices - “Gyft, with its mobile gifting platform, and First Data, with its global scale and distribution network, together will accelerate the growth of virtual prepaid with powerful new tools for merchants of all sizes to deepen their relationships with their customers,” said Guy Chiarello, president, First Data. “This means that the same robust toolset deployed by big box retailers will be coming soon to small- to mid-sized businesses, perfectly synched with our mission to offer innovative solutions to help our clients grow.”
  • Amazon Announces Additional US $2 Billion Investment in India - "We see huge potential in the Indian economy and for the growth of e-commerce in India. With this additional investment of US $2 billion, our team can continue to think big, innovate, and raise the bar for customers in India. At current scale and growth rates, India is on track to be our fastest country ever to a billion dollars in gross sales."
  • BitPay's New Plan: Free, Unlimited, Forever - “When we started BitPay in 2011, we saw an opportunity to finally give merchants around the world relief from interchange fees. By offering a basic plan that is free and unlimited, forever, we give merchants yet another reason to be excited about bitcoin.”
  • Bank of America Changes the Game With Preferred Rewards - “Preferred Rewards is the first program of its kind to offer clients benefits and rewards for everyday banking,” said Dean Athanasia, president of Preferred Banking at Bank of America. “It is the result of deep client research to develop and deliver a simple program that provides clients benefits and rewards they will actually use, and shows them how much we appreciate it when they choose to do more business with us.”
  • Blackhawk Network and Amazon Offer New Mobile Wallet Capabilities - "Blackhawk Network's expertise in gift card management provides our customers with access to the retailers they want and the digital experience that Amazon is committed to delivering," said Charlie Kindel, Director, Amazon Local Commerce. "Together we are helping consumers get the full value of their gift cards with the safety and convenience of storing them digitally. Instead of fearing they might lose or forget about them, they can have them on hand to use wherever and whenever they choose."
  • Heartland Payment Systems to Acquire TouchNet Information Systems, Inc. - “I am extremely pleased to announce the acquisition of TouchNet, which is not only Heartland’s largest acquisition to date, but is also an excellent complement to our existing Campus Solutions business that will immediately improve our growth profile and contribute to our bottom line,” said Robert O. Carr, chairman and CEO of Heartland Payment Systems.
  • Boku Unlocks India for Mobile Payments - “We knew early on that Qubecell had the right approach, the right people, and the right technical capacity to be a great fit with Boku,” said Jon Prideaux, CEO of Boku. “Now that our integration is complete we are providing existing Boku merchants – including top social media networks and global games companies -- with the very best access to the Indian market. Indian companies also now have access to Boku’s global network."
  • New Fiserv White Paper Outlines Immediate Mobile Payments Opportunities for Financial Institutions - "Titled “The Four Pillars of Mobile Payments: Immediate Opportunities,” the white paper outlines how a strategic approach to mobile payments starts with the services consumers are using today."

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 28, 2014

Headline News from PaymentsNews.com - July 28, 2014

On the Web:

On the Wires:

  • Coming Soon!

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 25, 2014

Headline News from PaymentsNews.com - July 25, 2014

On the Web:

On the Wires:

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 24, 2014

Visa Launches Visa Digital Solutions

Visa 2014 logo 140x60In a press release this morning titled "Visa Enables Internet-Connected Devices to Become Secure Commerce Vehicles", Visa has announced the creation of Visa Digital Solutions - calling it a comprehensive suite of offerings that facilitate secure payments across a broad range of Internet-connected devices and wearables.

Visa Digital Solutions provides the standards, tools and services to turn any Internet-connected device into a secure vehicle for commerce,” said Sam Shrauger, senior vice president, Visa Inc.

“Smartphone manufacturers can securely load a Visa account within a device, merchants can directly embed Visa payment functionality into their mobile apps and financial institutions can offer mobile and online payments as part of their mobile banking applications.”

In terms of support for new payment methods using smartphones, Visa highlights:

  • Wave-to-pay: Visa recently published a software development kit (SDK) to make it easier for merchants, financial institutions and application developers to embed Visa payWave, Visa’s mobile payment technology, into their mobile applications. Issuers now have the option to host the Visa account information in a virtual cloud or in a secure chip on the mobile device.

  • Scan-to-pay: In June Visa published an initial specification for presenting Visa account information in the form of a Quick Response (QR) code. The specification provides retailers with a new, secure option to accept a Visa payment by simply scanning a QR code on a smartphone screen.

  • Click-to-pay: Last week Visa announced the launch of Visa Checkout, a quick and easy payment service that enables consumers throughout the United States, Canada and Australia to pay for goods online, on any device, in just a few clicks. Visa’s application programming interfaces (APIs) for Visa Checkout are available to merchant developers, as well as SDKs for in-app payments.

In terms of technology that helps protect consumers, Visa highlights its tokenization efforts. In September, it will introduce an innovative tokenization service that strengthens payment security while facilitating industry innovation. Tokens replace the 16-digit account information found on plastic cards with a numeric substitute, facilitating payment transactions without sharing sensitive account information.

Visa Digital Solutions will initially be available through the Visa Ready program, which provides innovators a path for the certification of devices, software and solutions used to initiate or accept Visa payments. Visa will also launch an extended Developer Center in early 2015, providing product specifications, APIs, SDKs, as well as implementation guidelines for financial institutions, merchants and third-party payment providers.

Separately, LoopPay has announced it has secured an investment from Visa Inc. “Visa continually evaluates and invests in new technologies that have the potential to transform mobile devices into secure payment vehicles,” said Jim McCarthy, senior vice president of innovation and strategic partnerships, Visa Inc. “LoopPay has developed compelling technology that has the potential to enable merchants to accept payments from mobile devices using their existing point-of-sale infrastructure.”

Headline News from PaymentsNews.com - July 24, 2014

On the Web:

On the Wires:

  • LoopPay Secures Investment from Visa Inc. - “Visa continually evaluates and invests in new technologies that have the potential to transform mobile devices into secure payment vehicles,” said Jim McCarthy, senior vice president of innovation and strategic partnerships, Visa Inc. “LoopPay has developed compelling technology that has the potential to enable merchants to accept payments from mobile devices using their existing point-of-sale infrastructure.”
  • Citi® Commercial Cards Joins With Concur® to Offer a New, Enhanced Reporting Solution - We’re excited to partner with Concur, a recognized leader in the industry, to provide these reporting packages to our clients. These enhanced travel reports will not only provide efficiencies for our customers by automating current manual processes, but also enable clients to make key travel program decisions more quickly and with more confidence,” noted Manish Kohli, Citi’s Global Head of Commercial Cards.
  • Discover® Fuels Summer Fun with Cashback Bonus® at Gas Stations - “Discover cardmembers who are commuting or traveling can earn up to $75 Cashback Bonus for the many miles they drive during the summer months,” said Heather L. Roche, vice president of rewards at Discover.

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 23, 2014

Headline News from PaymentsNews.com - July 23, 2014

On the Web:

On the Wires:

  • TSYS Reports Second Quarter 2014 Total Revenues Increased 30.4% - "We set another milestone this quarter with total revenues of over $600 million for the first time in TSYS’ history. It was an outstanding quarter with our consolidated adjusted operating margin improving 357 basis points over the first quarter to 24.94%," said Philip W. Tomlinson, chairman and chief executive officer of TSYS.
  • OT Expands Its M2M and IoT Offer to Application Enablement with Cumulocity - “Connected objects are expected to reach tens of billions by 2020. OT’s comprehensive, robust and flexible M2M offer is designed to help our customers tackle the challenges and seize the full benefits of upcoming Internet of Things growth while addressing the very important security aspects related to IoT. By joining forces with Cumulocity we are extending our offer beyond connectivity and security and moving up the M2M value chain” said Marek Juda, Managing Director of the Solutions Business Unit at OT.

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, 2014

Headline News from PaymentsNews.com - July 21, 2014

On the Web:

On the Wires:

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 17, 2014

Headline News from PaymentsNews.com - July 17, 2014

On the Web:

  • We are excited to announce that Twitter is acquiring CardSpring! - CardSpring Blog - "When we started talking with the Twitter commerce team, we quickly realized our philosophies were perfectly aligned, and by joining them, we’d be able to significantly accelerate our vision."
  • Welcoming CardSpring to the Twitter team - Twitter Advertising Blog - "We’re excited to announce we’ve agreed to acquire CardSpring, a payments infrastructure company that helps merchants work with leading publishers to create online-to-offline promotions."
  • Coming Soon to Social Media: Click to Buy Now - New York Times Bits Blog - "A Twitter spokesman declined to comment on the imminence of a buy button, but in its blog post about CardSpring, the company teased, “We’ll have more information on our commerce direction in the future.”
  • What the BRICS Tell Us About Payments - PaymentsViews.com (Elizabeth McQuerry) - "Are such state sponsored payments improvements the way to go? Am I prophesying that the end is near for private sector innovation in payments? Certainly not, or at least I hope not."
  • Snapchat may be planning a mobile payment service - iMore.com - "The documents reveal that the ephemeral message service is looking to process peer-to-peer payments, money transfers and online payments."
  • Investors Cash Out Of Payment Technology Startups - TechCrunch - "Even as a clutch of new payment technology companies including Zooz Mobile and Plastiq announce new financing rounds today, it seems like investors are no longer paying out for payment companies."
  • Issuers – Why You Need to Plan for EMV Now - FIS Emerging Payment Strategies Blog - "While EMV is not a silver bullet, it is an improvement over magstripe. It may not have prevented some of the recent major breaches, but it would have reduced overall damage since there would have been fewer cards vulnerable to counterfeiting."
  • New York’s New Bitcoin Rules Are Going to Kill Its Startups - Wired - "Is New York about to drive these startups out of town by clubbing them with onerous regulations before they can walk? Quite possibly."

On the Wires:

  • NY DFS Releases Proposed Bitlicense Regulatory Framework for Virtual Currency Firms - "Benjamin M. Lawsky, Superintendent of Financial Services, today announced that the New York State Department of Financial Services (DFS) has issued for public comment a proposed “BitLicense” regulatory framework for New York virtual currency businesses. The proposed regulatory framework – which is the product of a nearly year-long DFS inquiry, including public hearings that the Department held in January 2014 – contains consumer protection, anti-money laundering compliance, and cyber security rules tailored for virtual currency firms."
  • CU Wallet Reports Record Growth, 65 Credit Unions Join Mobile Wallet Movement - "Collaboration among credit unions continues to be one of our industry's greatest strengths,” said Keith Sultemeier, president and CEO of Kinecta Federal Credit Union. “The CU Wallet platform makes collaboration easy and efficient, but still allows credit unions to tailor the member experience."
  • CashStar Launches Digital Gift Card Solution for Google Wallet - “With the rapid growth of omni-channel retail, digital gifting and smartphone adoption, CashStar’s vision is not ‘mobile first’ but rather ‘mobile everything,’” said Ben Kaplan, president and CEO of CashStar.
  • MasterPass Now Live in 10 Countries with Launches in Poland and South Africa - “We’re extremely excited about new capabilities and delivering on the MasterPass vision of a fully integrated digital payments ecosystem that enables convenient, simple, fast and secure payments anytime, anywhere,” said Vib Prasad, Group Head, MasterPass at MasterCard.
  • WEX Inc. Announces Signing of Definitive Purchase and Sale Agreement Related to the Acquisition of ExxonMobil’s Esso Card Program - “The purchase of the Esso Card portfolio remains an important element to building our on-the-ground presence in the European market, and enhances WEX’s long-term growth profile. Our efforts to advance this transaction remain on track and position us to create a substantial and profitable European footprint,” said Melissa Smith, WEX’s president and chief executive officer.

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 16, 2014

Headline News from PaymentsNews.com - July 16, 2014

On Twitter:



On the Web:


  • Plastiq inks $10 mln led by Khosla Ventures - Reuters PE Hub - “At Plastiq, we are laser-focused on bringing payment choice to North American cardholders by enabling them to make payments with their card in instances when they otherwise could not,” said Eliot Buchanan, CEO and co-founder of Plastiq.

  • TMG Builds Wearable #Payments App for @GoogleGlass - TMG Blog - "TMG Senior Product Manager Brian Day, in a presentation aptly named “The Future of Payments,” gave a demonstration of how this custom-built wearable payments app works."

  • Israeli Payments Startup Zooz Closes $12 Million Round - Wall St. Journal Digits - "According to Oren Levy, Zooz CEO and co-founder, the company is currently focusing on allowing enterprise clients to integrate Zooz solutions into existing billing and customer relationship software."

  • Oversight Issues in Mobile Payments - International Monetary Fund - "International experience suggests that financial authorities can develop effective oversight frameworks for new payment methods to safeguard public confidence and financial stability by establishing: (i) a clear legal regime; (ii) proportionate AML/CFT measures to prevent financial integrity risks; (iii) fund safeguarding measures such as insurance, similar guarantee schemes, or “pass through” deposit insurance; (iv) contingency plans for operational disruptions; and (v) risk controls and access criteria in payment systems."

On the Wires:


  • Visa Opens San Francisco Technology Center to Advance Innovation in Payments - "The centerpiece of One Market will be an innovation center designed to provide an immersive experience for clients and partners, where they can interact with Visa subject-matter experts, and explore new products and technologies that advance the payment experience in areas such as mobile, security and cloud-based technologies. The space has been designed to encourage dynamic interaction and real-time experimentation, and is expected to attract Bay Area technology talent who want to develop the next generation of commerce solutions by working with the industry leader in payments."

  • Visa Presents the Future of Commerce with New Innovation Center and Launch of Visa Checkout - "The move provides Visa technologists, its clients, and partners an innovative space to jointly develop the next generation of commerce applications. As a part of the grand opening of One Market today, Visa also announced the launch of Visa Checkout, a quick and easy payment service that enables consumers throughout the United States, Canada and Australia to pay for goods online, on any device, in just a few clicks."

  • Mercury StoreCard™ Now Available - "The Mercury StoreCard lets merchants brand their own reloadable card for accepting customer payments. The cardholder can use a quick-response (QR) barcode on the back of the card to access their prepaid card account on their smartphone."

  • CARDFREE and XPIENT Solutions Partner for Omni-Channel Services for Restaurants - “Traditionally, integration to restaurant commerce technology, especially, point of sale systems are quite a hurdle in mobile commerce deployments,” commented Jon Squire, founder and chief executive officer of CARDFREE, “with XPIENT and their cloud-based Commerce Engine which provides immediate and seamless access to the POS, this is as easy as it can get, allowing us to quickly deploy our full suite of services."

  • New GfK Survey Shows 60% of US Consumers Have Used a Branded Prepaid Payment Card - "According to the findings from GfK’s omnibus survey, users from different age and income groups are satisfied with their prepaid card experience. Although user segments at times cite different benefits as most important to them, “ease of use” is the overall top reason for liking prepaid cards. Nearly two-thirds of respondents in the GfK survey say that using prepaid cards is the same as or better than using a checking account or cash."

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 14, 2014

Headline News from PaymentsNews.com - July 14, 2014

On the Web:

  • Bitcoin and Charities - A VC (Fred Wilson) - "If you own Bitcoin, at Coinbase or in your own wallet, you can gift your Bitcoins to charity and save them pretty much all of their online fundraising costs."
  • Beware Keyloggers at Hotel Business Centers - Krebs on Security - "The next hotel business center you visit may be completely locked down and secure, or it could be wide open and totally overrun with malware. The trouble is that there is no easy way for the average guest to know for sure."
  • Curated Food Delivery Startup Caviar In Talks To Be Acquired By Square For $100 Million - TechCrunch - "Caviar is one of many new startups that seeks to enable customers to order meals online and have them delivered in a short period of time."
  • The Password Is Finally Dying. Here's Mine - Wall St. Journal - "Google is working on an as-yet unnamed protocol that allows you to connect to your online accounts on any device by authenticating yourself with your smartphone."
  • Why Jack Ma Separated Alipay In Alibaba’s Words - Wall St. Journal Digits - “This action enabled Alipay to obtain a payment business license in May 2011 without delay and without any detrimental impact to our China retail marketplaces or to Alipay.”

On the Wires:

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 09, 2014

Headline News from PaymentsNews.com - July 9, 2014

On the Web:

  • Braintree's Reverse Takeover Of PayPal Begins - ReadWrite (Owen Thomas) - "The most interesting aspect of v.zero, compared to previous versions, is that it has support for PayPal built in, and makes it trivially easy for developers to add PayPal as a payment method."
  • Braintree v.zero SDK – faster integration, drop-in UI, and Pay with PayPal - Braintree Payments Blog - "Today, we’re releasing the Braintree v.zero SDK, the new foundation for accepting payments with Braintree. It enables slick buying experiences, offers customizable drop-in UI features across platforms, and for the first time enables Pay with PayPal."
  • The Global Bitcoin Opportunity: Why Index is Backing Xapo - Index Ventures Blog (Mike Volpi) - "We’re excited to back Wences and his team as they continue to build on their global dominance in the Bitcoin vault market. In the months to come, we’ll see a lot of innovation in Bitcoin storage and transactions from Xapo, and we’re thrilled to support the development of the Bitcoin universe."
  • The Next Big Thing You Missed: Startup’s Plan to Remake Banks and Replace Credit Cards Just Might Work - Wired - "After raising $45 million in venture funding, Affirm recently launched a new service called Split Pay, which lets customers pay for online purchases in installments, instead of upfront."
  • Copay (beta), An Open Source Multisig Wallet - BitPay Blog - "BitPay is pleased to announce Copay, an open source, multi-signature wallet. Copay was born out of our own need to securely store Bitcoins and we felt it needed to be shared. We believe that multi-signature technology will play an important role in helping people secure their bitcoins against loss or theft."
  • Mobile E-Commerce Hits All-Time High: New Custora E-Commerce Pulse Report - Custora Blog - "In the past four years, the mobile e-commerce market grew 19-fold: From $2.2 billion in 2010 to $42.8 billion in 2013. This represents 1875% growth over these four years, and 111% 4-year CAGR (Compound Annual Growth Rate)."
  • New approaches to anomaly detection - O'Reilly Radar (Ellen Friedman) - "Windowing and sparse coding, a simplified form of deep learning, provide a way to deal with complex repetitive patterns when you need to build a model to accurately predict them."
  • Bitcoin Foundation Hires Firm to Lobby Congress on Cryptocurrencies - CoinDesk - "The Bitcoin Foundation is stepping up its US lobbying efforts by hiring Washington, DC-based firm Thorsen French Advocacy."
  • How One Law Firm is Helping Bitcoin Startups Find Success - CoinDesk - "Perkins Coie currently represents between 40-50 bitcoin companies, a number driven by the firm’s relatively long experience and network of contacts in Silicon Valley."
  • Signals from Foo Camp 2014 - O'Reilly Radar (Mac Slocum) - "Foo Camp, our annual gathering in Sebastopol, Calif., brings together people we know and admire, and those we’d like to know better."
  • PunchClock: Fun With iBeacons - Panic Blog - "With this new technology in-hand, it wasn’t too long before I put together a brand new office In/Out tracker called PunchClock. It uses a combination of a geo-fence and iBeacon tracking..."

On the Wires:

  • Michael Walsh Joins Warburg Pincus as Industry Advisor - Mr. Walsh commented, "The payments industry is dynamic and ever changing so now is the ideal time to collaborate with Warburg Pincus and identify the companies and entrepreneurs who are shaping the future of the industry. I look forward to partnering with the firm to build on its track record of investing in this critical area of TMT.”
  • Hasso Plattner Ventures increases iZettle Series C to 45M Euro ($61M) - "Hasso Plattner Ventures joins in investing in the Series C round of funding, which was led in May by London based growth investor Zouk Capital with participation from Dawn Capital and Intel Capital, and Series A and B investors Greylock Partners, Index Ventures, Northzone, Creandum and the Nordic financial services group SEB."
  • First Data Launches PayLucky™ Solutions - “First Data exists to help our clients grow their businesses and what the gaming industry needs to grow, and serve their customers better, is a dynamic one-stop-shop for the widest variety of payment options that include debit, credit, check, mobile, loyalty and prepaid processing” said Jonathon O’Connor, general manager, Online Gambling and Alternative Markets.
  • MasterCard and Silicon Valley Bank Continue Commitment to Startup Success with Commerce.Innovated. - “Our aim is to increase our client’s probability of success, help them navigate their growth, and connect with potential partners to achieve their ambitious goals. This program is a perfect example of that and we’re looking forward to meeting the new applicants,” said Reetika Grewal, head of Silicon Valley Bank’s payments strategy.
  • mopay Signs Global Carrier Billing Contract with Leading China Mobile Gaming Company Chukong Technologies - Ingo Lippert, mopay CEO, said, “Chukong is one of the top go-to partners for global developers who want to publish in the Asia-Pacific region. Our mopay team takes great pride in being the carrier billing partner of choice for one of Asia’s most innovative and successful mobile apps companies.”
  • Beepi Becomes First Peer-to-Peer Marketplace to Accept Bitcoin Payments for Cars - “Integrating with bitcoin is a natural extension of our promise to deliver the easiest way to purchase a car in the 21st century.”

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 08, 2014

Headline News from PaymentsNews.com - July 8, 2014

On the Web:

On the Wires:

  • Opus Global Announces Acquisition of Hiperos - "Hiperos is a recognized global leader in third party management connecting over 300,000 third parties to many of the world’s largest companies across a range of industry verticals including energy, financial services, food, real estate, pharmaceuticals, and technology. Hiperos provides rapidly deployable, highly flexible SaaS-based solutions for a broad range of information management, risk, compliance and performance needs for many of the world’s Global 2000 companies..."

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 07, 2014

Headline News from PaymentsNews.com - July 7, 2014

On the Web:

On the Wires:

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 01, 2014

Headline News from PaymentsNews.com - July 1, 2014

On the Web:

On the Wires:

  • MasterCard and Borderfree Team Up to Bring Exclusive Savings at Top U.S. Retailers - David Chan, Senior Vice President and Group Head, Market Development, South East Asia, MasterCard, said: “In an increasingly globalized world, consumers have a growing desire for the products and brands that these international online merchants carry. Through our partnership with Borderfree, we are able to provide MasterCard cardholders savings on shipping costs and an enhanced global shopping experience that is smooth, simple and most importantly secure.”
  • 1-800-FLOWERS.COM Partners with Coinbase to Accept Bitcoin - "Beginning this fall, 1-800-FLOWERS will be adding bitcoin as a payment option across its extensive family of gifting sites, including 1-800-FLOWERS.COM, FannieMay.com, Cheryl’s.com, ThePopcornFactory.com, 1-800-Baskets.com, FruitBouquets.com, and Stockyards.com."
  • Hold the Phone: U.S. Consumers Wouldn’t Last One Day Without Access to Their Smartphone - "Almost one in two (47 percent) U.S. consumers admit they wouldn’t last a day without their smartphone, and many consider their devices more important than daily staples such as coffee and television, according to a new report released today by Bank of America. Of those who use their phones for banking, almost one-third (31 percent) say they log on at least once a day, and four out of five (82 percent) access their accounts at least once a week or more."
  • State Bank of India Launches New Digital Online and Self-Service Banking Solutions with Support from Accenture - “InTouch is the start of SBI’s Digital journey,” said S K Mishra, deputy managing director, State Bank of India. “This is our attempt to put our brand in touch with the dreams of the aspirational customer. It’s a deep rooted transformation that has three aspects: a transformation of the customer experience we deliver; introduction of device centric technology that is at the forefront of our global peers; and transformation of the behavioral model of our staff-base to be even more customer centric.”

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 27, 2014

Headline News from PaymentsNews.com - June 27, 2014

On the Web:

On the Wires:

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 25, 2014

Headline News from PaymentsNews.com - June 25, 2014

On Twitter:

On the Web:

On the Wires:

  • Deluxe Corp. Launches New App for Electronic Checks - “The Deluxe Mobile Checkbook is a quick and easy way for small business owners to write, approve, sign, receive and deposit payments anywhere through their mobile device,” said Malcolm McRoberts, senior vice president of small business services at Deluxe. “Whether it is from the truck at a job site or at a lunch meeting with a vendor, Deluxe eChecks are a convenient, real-time solution that leverages today’s evolving technological trends.”
  • FreedomPay Adopts Credit Union Financial Exchange Standards - BCU Director of Enterprise Architecture Tim Tibbals said, “The CUFX standards were written to be flexible and were applied to the FreedomPay project to 1) allow for Single-Sign-On using the highest industry standards for credential management and authorization, 2) set up accounts on the FreedomPay platform, 3) allow the FreedomPay platform to pull accounts lists and member info in real time from BCU systems in a secure manner, including double encryption of transmitted data, and 4) communicate information back to BCU’s systems to keep information in sync between BCU and FreedomPay.”
  • OT Launches Site to Educate U.S. Financial Institutions and Consumers about EMV Chip Cards - “This is a crucial time in the U.S. payment industry, and OT is here to help ease the transition for financial institutions and consumers. OT’s new website leverages our understanding of EMV, global experience and expertise as a trusted partner with an excellent track record of successful migrations,” said Martin Ferenczi, president for North America at OT.
  • Fiserv Drives Results with Account Processing Conversions at Four Leading Credit Unions - "In the last few months, Fiserv has partnered with multiple credit unions to develop solution options that fit their unique needs covering In-House and ASP delivery modes with solution bundles that create the most value for credit unions and, in turn, their members."

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, 2014

Headline News from PaymentsNews.com - June 24, 2014

On the Web:

On the Wires:

  • Wal-Mart de Mexico y Centroamerica, Bancomer Transfer Services team up to make collecting remittances easier - "Remittances are an important part of the economy of many families we serve in Mexico," said Antonio Ocaranza, Corporate Communications director of Wal-Mart de Mexico y Centroamerica. "This partnership with Bancomer Transfer Services will give our customers an extraordinary way to receive family remittances from their relatives in the United States in an easy, fast, safe manner — and at convenient hours."
  • Debit Cards Continue to Show Resilience after Turbulent Year - "The 2014 Debit Issuer Study, commissioned by PULSE, found sustained growth in both consumer and business debit in 2013. Financial institutions weathered the Target data breach and are looking for solutions to enhance security, with many issuers now planning to implement EMV debit, the study shows."
  • America First Credit Union adds Location-Based Offers, Loans to Mobile Banking App Built on Mobiliti from Fiserv - “Our strategy for our mobile app is to add as much functionality to it as we can, so that the mobile channel becomes both a competitive differentiator and a member delighter,” said Brice Mindrum, mobile services manager, America First Credit Union. “These updates were driven by a desire to better serve members and deliver convenience along with a bit of a ‘wow’ factor.”
  • PowaPOS Partners with iConnect to Meet Growing Demand for Next-Generation Tablet-Based POS Solutions - “Outdated, cumbersome legacy and proprietary POS systems simply aren’t meeting the needs of today’s merchants, especially those looking to prepare for the coming EMV transition,” said Jeffrey Dumbrell, CEO, PowaPOS. “With this partnership, PowaPOS and iConnect make it easy to replace those systems and have all the power, sophistication and security of the most advanced integrated POS system on the market.”

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, 2014

Headline News from PaymentsNews.com - June 23, 2014

On the Web:

  • The Fed Gets Some Mojo? - PaymentsViews.com (Carol Coye Benson) - "I was delighted to hear that they believe that a new, faster-payments infrastructure may be the best option for our industry."
  • Bitcoin and Charities Were Made For Each Other, They Just Don’t Know It Yet - A VC (Fred Wilson) - "This talk brings together three of the things I have been spending most of my time on over the past year (crowdfunding, bitcoin, and philanthropy). If you want to hear me talk about the things that get me up and out of bed in the morning, come to this."
  • Exclusive: McDonald's Is Secretly Testing Its Own Order-Ahead And Payments App - Business Insider - "McDonald’s is quietly testing an order-ahead and mobile payment app at a tiny handful of its more than 14,000 U.S. locations."
  • BancSouth Wins Big - Bank Lawyer's Blog - "A recent Eighth Circuit Court of Appeals decision in favor of BankSouth bodes well for financial institutions who understand their obligations under UCC Article 4A and take those obligations seriously."
  • Card Wash: Card Breaches at Car Washes - Krebs on Security - "An investigation into a string of credit card breaches at dozens of car wash locations across the United States illustrates the challenges facing local law enforcement..."

On the Wires:

  • Bank of America Changes the Game With Preferred Rewards - “Preferred Rewards is the first program of its kind to offer clients benefits and rewards for everyday banking,” said Dean Athanasia, president of Preferred Banking at Bank of America. “It is the result of deep client research to develop and deliver a simple program that provides clients benefits and rewards they will actually use, and shows them how much we appreciate it when they choose to do more business with us.”
  • SimplyTapp Announces Self-Serve HCE Platform - "We are excited to make this exceptional offering to issuers and application developers; it is consistent the technology built into our agile and scalable platform. HCE is a new and tremendously empowering feature for card issuers, so it is important that the process of 'getting familiar with' and using the new technology be as friction free and open as possible," Doug Yeager, co-founder and CEO of SimplyTapp.
  • Housetab Mobile Application Launches in New York - "HouseTab is the only mobile payment app that provides convenient, multi-functional solutions for both payments and social networking, revolutionizing the social experience for its users."
  • American Express Names Laureen E. Seeger General Counsel - "Ms. Seeger, 52, has served as executive vice president, general counsel and chief compliance officer of McKesson since 2006."

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 11, 2014

Headline News from PaymentsNews.com - June 11, 2014

On the Web:

On the Wires:

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, 2014

Headline News from PaymentsNews.com - June 3, 2014

On the Web:

  • What Apple’s Fingerprint ID Changes Mean for Its Big Mobile Payments Plans - Re/code.net (Jason Del Rey) - "Still, every payment industry insider I spoke with on Monday fully expects Touch ID to eventually play a role in letting you pay for stuff outside of the App Store with your iPhone, in partner apps or even in the physical stores of partner retailers."
  • Mobile Payments Fatigue - Portals and Rails Blog - "I believe mobile devices have the ability to transform this experience, but it's not by replacing my cards or cash as a payment method. It's by replacing the entire commerce experience. Are you experiencing mobile payment fatigue? And if so, what will it take to energize you?"

On the Wires:

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 28, 2014

Headline News from PaymentsNews.com - May 28, 2014

On the Web:

On the Wires:

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, 2014

Headline News from PaymentsNews.com - May 27, 2014

On the Web:

On the Wires:

  • Intuit to Acquire Check - "Intuit Inc. today announced it has entered into a definitive agreement to purchase Check, a Palo Alto, Calif.-based leader in mobile bill pay that serves 10 million registered users."
  • Punjab Social Security Program Designed to Bring Financial Inclusion to Millions - "Financial inclusion in Pakistan got a boost today with the announcement that MasterCard and the Bank of Punjab have launched a Social Security Program to automate and streamline government disbursement, subsidy and assistance programs. This first-of-its-kind initiative is aimed at driving financial inclusion specifically in Punjab – the largest province in Pakistan."
  • TSYS Extends Payments Agreement with Canadian Tire - “TSYS has been a great partner through the years, working closely with us to understand our needs as we continue to grow and expand our payments programs,” said Bonnie Agosthino, vice president, CTC and CTFS Delivery for Canadian Tire.
  • iPayment Partners with VeriFone to Bring Next Generation POS to Main Street Merchants - "iPayment POS is designed for the more than 150,000 small business merchants iPayment currently serves directly, through independent sales organizations (ISOs) and other multiple direct distribution channels throughout the U.S."

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, 2014

Headline News from PaymentsNews.com - May 23, 2014

To our readers in the United States, we hope you have a wonderful Memorial Day weekend!

On the Web:

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 22, 2014

Headline News from PaymentsNews.com - May 22, 2014

On the Web:

On the Wires:

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 21, 2014

Headline News from PaymentsNews.com - May 21, 2014

On the Web:

On the Wires:

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 20, 2014

Headline News from PaymentsNews.com - May 20, 2014

On the Web:

On the Wires:

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, 2014

Headline News from PaymentsNews.com - May 19, 2014

On the Web:

On the Wires:

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 14, 2014

Headline News from PaymentsNews.com - May 14, 2014

On the Web:

On the Wires:

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, 2014

Headline News from PaymentsNews.com - May 13, 2014

On the Web:

  • Dark Wallet and Bitcoin Regulation - PaymentsViews.com (George Peabody) - "For those of us who believe that our tools give us the ability to create positive change, the next task will the development of stronger mechanisms to secure privacy and security on the Bitcoin ecosystem instead of increasing its vulnerability to regulation."
  • Square Finally Gives Up on Square Wallet and Bets on New Order-Ahead App - Re/Code.net (Jason Del Rey) - "As of today, Square has pulled the app from the Apple and Google app stores. At the same time, it is introducing Square Order, an app that lets shoppers place pick-up orders from, and pay at, coffee shops, cafes and other Square merchants..."
  • The Future of Retail Checkout: No Checkout at All? - The Atlantic - “People have said when checkout is working really well, it will feel like stealing. You grab a pair of shoes and you just walk out.”

On the Wires:

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, 2014

iZettle Raises $55 MM Series C Financing

IZettle logoiZettle has announced closing a €40 million Series C funding led by London-based growth investor Zouk Capital with participation from Dawn Capital and Intel Capital, and Series A and B investors Creandum, Greylock Partners, Index Ventures, Northzone and SEB Private Equity. Investors in previous rounds include American Express, MasterCard and Banco Santander.

Using a card for payment is second nature to all of us, so it remains extraordinary that millions of small companies and traders are still locked out of this system by their size,” said Medlock. “iZettle gives this huge market the ability to accept card payments, helping smaller enterprises save time, paper and energy while professionalising their operations.”

“Building on its early successes in Europe, we’re excited about iZettle’s growth plans, and believe this round will give them the fire power required to execute on the next phase of expansion,” Medlock added.

“At the core of Zouk’s investment thesis is the emergence of what we call resource intelligence: recognising that not only should we be doing more with less, but that resources, process and systems are more connected than ever. iZettle is a great example of this concept in action.”


iZettle started in 2011, offering an easy way to take card payments using mini credit card readers that transform smartphones and tablets into cash registers. Today, small businesses come to iZettle for tools to grow their business: from complete point of sale solutions, to free sales overview apps like reports and graphs to spot sales opportunities and identify loyal customers.

Sweden’s Financial Supervisory Authority regulates iZettle, whose services are EMV (Europay, MasterCard and Visa) approved and compliant with the Payment Card Industry Data Security Standard (PCI DSS). In addition to Mexico and Brazil, the iZettle app, Chip & PIN and Chip & Signature readers, and free business management software are now available in the U.K., Spain, Germany, Sweden, Denmark, Norway and Finland.

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