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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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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!

March 23, 2016

Headline News from PaymentsNews.com - March 23, 2016

ON THE WEB

  • Starbucks to Expand Customer Rewards Program Beyond Its Coffee Shops - Wall St. Journal - "The Starbucks prepaid Visa card, which is expected to be available by the end of the year, would allow card holders to earn “stars” for all purchases made on the card, which can then be redeemed at Starbucks cafes."
  • Square Teams Up With Facebook to Offer Ads That Can Be Gauged - New York Times - "Under the agreement, small businesses that use Square to process payments can buy and target Facebook advertising using Square’s software. Square will make subscription fees off the new product."
  • Is Bitcoin Really Frictionless? - Liberty Street Economics - New York Fed - "In this blog post, we show that while bitcoin transfers themselves are relatively frictionless for the user, there are significant frictions when bitcoins trade in exchange markets resulting in meaningful and persistent price differences across bitcoin exchanges. These exchange-related frictions reduce the incentive of market participants to use bitcoin as a payments alternative."
  • Tap. Pay. UK. - Android Blog - "Android Pay will support MasterCard and Visa credit and debit cards from many of the UK’s major financial institutions — including Bank of Scotland, First Direct, Halifax, HSBC, Lloyds Bank, M&S Bank, MBNA and Nationwide Building Society — with new banks being added all the time."
  • Chip-Card Payment System Delays Frustrate Retailers - New York Times - "Many of the complications were widely predicted, but the certification system has added an unexpected wrinkle — and lots of finger-pointing."
  • Court Case Over States’ Interest Rates Might Have Big Impact - Wall St. Journal - "The industry fears a change could impair their ability to sell or securitize certain debt, going so far as to pull back lending in states with stricter caps."

ON THE WIRES

  • MasterCard to Bring Android Pay to Cardholders in the UK - “We're excited to bring the simplicity and security of mobile payments to MasterCard customers with Android Pay. Soon, people will be able to use their Android device to pay at the hundreds of thousands of contactless payment terminals in the UK,” said Pali Bhat, Senior Director, Product Management, Google.
  • Debit Cards Gaining on Cash for Small Purchases - "There's a clear generational divide: 41% of people under age 50 prefer cash for small transactions and 40% like debit. Among those 50 and older, cash is the runaway winner (74%). Millennials are the most likely to use debit (46%) and credit cards (18%)."
  • UATP Partners With Payment Technology Specialist Limonetik - "As an Alternative Payment Method Aggregator, Limonetik offers over 150 different payment options across the globe which will be available to UATP Merchants through the partnership. Airlines will easily be able to fulfill their AFP needs with UATP and Limonetik."
  • EPC To Fed Chair: Durbin Amendment Rewards Retailers $36 Billion in Additional Profits, But Provides No Relief to Consumers - “Regulators and policy makers should consider the economic consequences for the most vulnerable when promulgating new regulations and recognize that the Durbin Amendment, rather than helping with this worthwhile goal, merely aided retailers to pocket $36 billion dollars to date.”
  • Global Payments Announces FinAppsParty Winners - “The FinAppsParty showcased the talent and innovation in Atlanta and London, positioning each as vibrant fintech hubs with the ability to compete with any of the technology capitals in the world,” said Frank T. Young, SVP, Global Product and Innovation. “Global Payments is thrilled to host initiatives like the FinAppsParty in support of the industry’s growth and in demonstration of our commitment to leading transformative payment innovation.”

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 22, 2016

Headline News from PaymentsNews.com - March 22, 2016

ON THE WEB

ON THE WIRES

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 18, 2016

Headline News from PaymentsNews.com - March 18, 2016

ON THE WEB

  • Amazon’s Ingenious Plot to Take Over Your Living Room - Slate Moneybox Blog - "Together, the announcements make it clear that Amazon views Alexa as more than just a nifty way to control your speakers and TV. Rather, the company sees an opportunity to make Alexa a sort of voice-powered command center for your household—a gateway to all your connected devices."
  • 21 Inc’s Bitcoin Vision Becomes Clearer With Announcement of Ping21 - Bitcoin Magazine - "Ping21 essentially takes advantage of 21’s network of devices to process various requests in exchange for Bitcoin. This first service offered by the network allows web developers to see whether a specific device or server is online or experiencing connectivity issues."

ON THE WIRES

  • D+H and The Clearing House Partner to Provide Real-Time Payments - "We are excited to work with D+H, which has extensive experience in connecting its customers with faster payment products," says Steve Ledford, SVP of Product and Strategy at The Clearing House. "D+H is a leader in the payments industry with a vast network of financial institution clients, so this partnership is an important milestone as we work toward delivering a ubiquitous real-time payment system."
  • P2P Payments: over 300,000 Users for “Jiffy” - "23 bank groups, of which 4 since the beginning of 2016, have subscribed to SIA’s “Person to Person” (P2P) payments service since its launch on the Italian market."
  • Lucova Brings Mobile Order & Pay to Campuses Across North America - "Lucova Inc. has partnered with major food service providers in the market, to help campuses across North America deliver a mobile friendly dining experience for students. Through Lucova Campus, a Bluetooth powered mobile application and marketing platform, specifically designed for the higher education segment, students benefit from speed, convenience and personalization all under one solution."
  • Oberthur Technologies Consumer Research Shows 80% Want Dynamic Security Code Protection to Fight Online Fraud - "The static printed code (CVV) is replaced by a mini-screen that displays an automatically refreshed code generated by an algorithm (dynamic CVV) every hour and does not add any steps to an online purchase. If the card data is stolen, it becomes useless within the next hour."

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 16, 2016

Headline News from PaymentsNews.com - March 16, 2016

ON THE WEB

ON THE WIRES

  • Virtual Reality and Payment Wearables Tee Off at the Arnold Palmer Invitational Presented by MasterCard - “Giving consumers the opportunity to immerse themselves virtually into experiences you can only get with MasterCard is a great way to showcase the exclusive offerings and access we’re delivering through our Priceless platforms,” said Raja Rajamannar, chief marketing officer, MasterCard. “What better place to highlight these new technologies than one of the preeminent PGA TOUR events, the Arnold Palmer Invitational presented by MasterCard.”
  • TCS Launches Peer-to-Peer Mobile Payment Solution With DNB, a Leading Bank in Norway - "With 25% of Norway's population using 'Vipps' within six months of its launch, the P2P payment solution has helped DNB become a significant player in the highly competitive mobile payments space in a short span of time. Moreover, 85% of Norwegians know about the P2P payments platform and it is the #1 downloaded app in Norway."
  • Mozido and Saavn Partner to Bring Mobile Payments to India’s Largest Music Streaming Audience - "Under the agreement, Mozido will integrate its mobile wallet payment platform as the preferred payment option for the Saavn Pro premium offering. The partnership enables Saavn to offer its Indian listeners access to a convenient payment option, while giving Mozido an opportunity to provide a broader array of financial and engagement services to Saavn’s young, tech-savvy and growing consumer base."
  • Hitachi to Establish FinTech Research Organization in North America - "Hitachi today announced that it has decided to establish Financial Innovation Laboratory, a FinTech research organization in the Silicon Valley office of Hitachi’s Global Center for Social Innovation - North America (CSI-NA) in Santa Clara, California. The new organization will work together with CSI-NA in areas such as research & development of blockchain technology, a core technology of FinTech, and on collaborative creation with financial institutions."

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 15, 2016

Headline News from PaymentsNews.com - March 15, 2016

ON THE WEB

ON THE WIRES

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 11, 2016

Headline News from PaymentsNews.com - March 11, 2016

ON THE WEB

  • Capital One Launches First True Open Banking Platform in U.S. - ProgrammableWeb - "Demonstrating their desire for street cred and aiming to appeal to developers directly, the announcement was made at SXSW in Austin, Texas yesterday."
  • Should Venmo buy a bank? - Quartz - "For PayPal—which declined to comment—or its Venmo subsidiary, a bank would bring the ability to offer a wider range of financial products to customers."
  • A typo costs bank hackers nearly $1B - ArsTechnica - "Bank officials stated that transactions totaling $850 million to $870 million were canceled. The $81 million that was successfully transferred has not been recovered, and the perpetrators are currently unknown."

ON THE WIRES

  • Visa Checkout Introduces New Interactive Button for Faster Mobile Commerce - “Visa Checkout’s new interactive button is yet another way we are designing the future of online checkout and delivering on our promise to bring the simplicity of the swipe to any device,” said Sam Shrauger, senior vice president of Visa’s digital solutions. “This new experience brings digital payments one step closer to the ease, trust and familiarity that consumers have long valued from Visa in the physical world.”

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 10, 2016

Headline News from PaymentsNews.com - March 10, 2016

ON THE WEB

  • The future of mobile wallets in India - The Hindu BusinessLine - "The consumer payments industry (specifically wallets) will play a crucial role in the future growth of digital payments in the country."
  • R3: Biggest-Ever Blockchain Trial is Only the Beginning - CoinDesk - "Going forward, he said, the company plans to drill down into other areas of focus including distributed ledger interoperability, privacy, identity and scalability, and that the tests were likely to be smaller in scale."

ON THE WIRES

  • Banking on the new chase.com is even easier - “Customers continually seek easy ways to access their accounts, so we’re making it easier for customers to bank their way,” said Gavin Michael, Head of Digital for Chase. “We’re excited to bring the look and feel that customers love on the new chase.com home page to behind the sign in experience.”
  • Prosper Marketplace Unveils Prosper Daily, Its First Mobile App - “By using Prosper Daily just a few minutes a day, consumers can begin to get on top of their finances” said Aaron Vermut, chief executive officer of Prosper Marketplace. “We’re excited to be the first marketplace lender to offer a financial wellness app to consumers.”

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 09, 2016

Headline News from PaymentsNews.com - March 9, 2016

ON THE WEB

ON THE WIRES

  • TSYS Appoints Pamela Joseph President and COO - “I have known and done business with TSYS for more than twenty years and am thrilled to be joining the team. TSYS clearly has best in class technology platforms and a blue chip customer roster. I look forward to driving additional client and partner benefits through product innovation and service enhancements,” commented Joseph.
  • Early Warning Launches Real-Time P2P Payments with Bank of America, U.S. Bank - “Bank of America is committed to being a leader in payments and making it easier than ever for our clients to manage their finances,” said Thong Nguyen, president of retail banking at Bank of America. “We’re focused on creating a simple, straightforward person-to-person payments experience that lets our customers pay anyone with a couple of easy, intuitive steps.”
  • UnionPay International Accelerates Mobile QuickPass Expansion Overseas--180,000 POS terminals ready - "Nearly 180,000 POS terminals in Hong Kong, Macao, Taiwan, South Korea, Australia, New Zealand, Singapore accept UnionPay chip cards with "QuickPass" signage and various mobile QuickPass-enabled products. The overseas transaction volume of UnionPay QuickPass grew 8 times in 2015, and is growing rapidly this year."
  • Leading UK Online Retailer Shop Direct Uses FICO Technology to Help Prevent Fraud - "As the UK's second-largest pure-play online retailer, we're protecting not only our revenues and our customers but also our brands," said Neil Chandler, Shop Direct's CEO for Financial Services. "We have a very successful partnership with FICO for fraud protection, customer management and decision optimization. FICO analytics and tools are exactly what we need to protect our customers."
  • Chargebacks911: New Technologies Fuelling Rise In Customer Chargebacks - “The pressure on banks to resolve disputes faster is causing an imbalance in an industry that is almost always favourable to the consumer. 50% of cardholders who file a dispute will do it again within 90 days. This essentially means that issuers and cardholders are being rewarded for initiating illegitimate chargebacks, with processors ultimately penalised along with their merchants.”
  • FTC Action Leads to Court Orders Against Scheme That Charged Millions of Dollars to Consumers' Bank and Credit Card Accounts Without Their Consent - “These defendants bought sensitive personal information from data brokers and used it to steal people’s money,” said Jessica Rich, Director of the FTC’s Bureau of Consumer Protection. “Misusing sensitive data causes real harm to consumers, and I’m pleased that the court banned the defendants from this conduct.”

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 07, 2016

Headline News from PaymentsNews.com - March 7, 2016

ON THE WEB

  • Panic at the Checkout: Will EMV Friction Boost Mobile Payments? - FICO - "Here’s my theory: Mobile payments are predicted to triple in the US in 2016, but the huge growth won’t be due to anything like payments systems being embedded on new mobile phones, upgraded point of sale systems or loyalty programs. People will rush to mobile payments because they’re uncomfortable with using their new EMV cards."
  • Card Chargebacks: Sorting Out the Facts - Take on Payments Blog - "As previous posts have noted, the Federal Reserve is making a concerted effort to collect fraud data for non-cash payment channels to develop a holistic view and understanding of fraud trends."
  • The broken world of mobile payments and how to fix it - TechCrunch - "Why aren’t more people enjoying the convenience and ease of mobile payments?"
  • Swipely Rebrands as Upserve, Launches Mobile App and New Tools for Restaurants - Street Fight - "The company announced this morning that it is changing its name to Upserve, and is expanding its suite of products aimed at helping restaurateurs optimize their sales and service, and manage their business on the fly."
  • What Happened At The Satoshi Roundtable - Brian Armstrong - "My general view (which I articulated at the roundtable last weekend) is that bitcoin will be far more successful with a multi-party system working on protocol development than a single team with the limitations I mentioned above."

ON THE WIRES

  • BBVA acquires Finnish banking startup Holvi - "Holvi, which was founded in 2011, and describes its offering as ‘Banking for Makers and Doers’, provides entrepreneurs, small and medium-sized businesses with a range of business services as well as traditional banking through its online platform."
  • Digital Insight is First Solutions Provider to Introduce Android™ Fingerprint Authentication for Mobile Banking - “Biometrics offer a compelling feature for mobile banking applications, driving benefits for the end user as well as the financial institution,” said Dan Weis, senior product manager for Mobile Banking, Digital Insight. “We believe that consumers will want varying types of biometrics based on factors such as personal preference, their finger dexterity, their device preference, and even how they are dressed."
  • Kasasa Enhances Consumer Rewards Accounts with New Credit Card Option - "Through CCAAQ, Kasasa institutions now have the opportunity to increase interchange revenue, credit card loan balances and product penetration per consumer while providing accountholders with a product unique to their marketplace."

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 04, 2016

Headline News from PaymentsNews.com - March 4, 2016

ON THE WEB

ON THE WIRES

  • U.S. Bank Customers among the First to Enjoy Faster Person-to-Person Payments - “U.S. Bank is a pioneer in its mission to provide customers a safe and easy way to send money to another person anywhere in the country,” said Gareth Gaston, executive vice president of omnichannel banking at U.S. Bank. “U.S. Bank has invested heavily in clearXchange and parent company, Early Warning, because we believe person-to-person payments in real-time is the future of fast, secure payments."
  • Suretap Adds Loyalty to Become Canada's Most Rewarding Digital Wallet - "Since launching the wallet with the support of Canada's leading wireless carriers, suretap has almost 1 million downloads and has integrated a wide range of encrypted virtual credit cards and gift cards into the wallet. The addition of loyalty rewards from merchants, airlines, hotels and other businesses represents another important step..."s

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 03, 2016

Headline News from PaymentsNews.com - March 3, 2016

ON THE WEB

ON THE WIRES

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 02, 2016

Headline News from PaymentsNews.com - March 2, 2016

ON THE WEB

ON THE WIRES

  • Sallie Krawcheck Joins Digital Asset Board of Directors - “We are honored to have Sallie join our Board,” said Blythe Masters, CEO of Digital Asset. “She has achieved extraordinary success in her career as both an industry executive and entrepreneur, and her unique mix of experience will be a tremendous asset as we build and expand our business.”
  • Samsung Pay Now Available for Wells Fargo Customers - “We are thrilled today to participate in Samsung Pay, and to continue to provide Wells Fargo customers with convenient mobile payment options,” said Jim Smith, head of Virtual Channels for Wells Fargo. “We want to satisfy our customers’ financial needs when, where and how they want, and allowing them to pay from a mobile wallet with features like Samsung Pay helps us fulfill that promise.”
  • Global Payments and Realex Payments to Host a FinAppsParty Simultaneously in Atlanta and London - "As part of our ongoing commitment to support the innovators in the fintech community, Global Payments and Realex Payments are thrilled to host the FinAppsParty in Atlanta and London,” said Frank T. Young, SVP, Global Product and Innovation. “We look forwarding to seeing the creative ideas that stem from the energy of this exciting event.”
  • Wirecard Launches New Prepaid Visa Card mycard2go - "it is the first Visa Simply One combined card, bringing together the functionality of a traditional credit card with that of a V PAY debit card. The solution combines high-level security in the form of PIN entry with global acceptance. In this way, users of the mycard2go prepaid card can make cashless payments at over 24 million Visa acceptance points."

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 01, 2016

Headline News from PaymentsNews.com - March 1, 2016

ON THE WEB

  • Reflections: Back to the Future - PaymentsViews.com (Scott Loftesness) - "Today, Glenbrook celebrates its 15th birthday. It’s been quite a journey – an amazing one in so many ways – yet it also sometimes feels like we’re still on Day One! There’s so much happening in payments – and, more broadly, in commerce, financial inclusion, and crypto currencies!"
  • How the Shift from Swiping to Inserting Cards Will Accelerate Mobile Payments - AdvertisingAge - "I tested out my theory with a local clerk at my favorite retailer who confirmed he is seeing an uptick in mobile payments because it is easier than waiting for the insert process."
  • Experian: E-commerce Attack Rates - 2015 E-commerce Attack Rates by State - "Experian analyzed e-commerce fraud attack rates for all of 2015. The map charts e-commerce attack rates (by basis points) for the United States by both shipping and billing locations."
  • BAML prepping blockchain-powered trade finance test - Financial News - “A lot of the benefits of blockchain are still being conceived. As we move into live prototyping, we will aim to prove out the business case."
  • A Better Way to Control the Banks - New York Times - "Even so, the capital requirements are not strong enough, in part because they do not require banks to fully account for potential losses from the trading of derivatives, a multitrillion-dollar activity."

ON THE WIRES

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!

February 26, 2016

Headline News from PaymentsNews.com - February 26, 2016

ON THE WEB

  • Venmo Kills Off Developer API With Zero Warning - TechCrunch - "After six years of providing an API for developers to build experiences atop its money transfer system, this month Venmo suddenly shut down the API. "
  • Travel in London for Free With Apple Pay - PC Magazine - "As part of a promotion from MasterCard and Apple, each Monday beginning on Feb. 29, from 4:30 a.m. until 1 a.m. the next morning, MasterCard-linked Apple Pay users will have their purchases on buses, trams, the Underground, and most other rail services refunded up to 28.10 pounds ($39)."
  • How Mobile Payments Reshape Lifestyles - Wall St. Journal - "Piao Jianfeng says he seldom carries his wallet and hasn’t used an ATM to withdraw cash for two years. Instead, his phone is his wallet, and he uses it to pay for almost all of his everyday needs in Beijing, from taxis to utilities and grocery bills."
  • Intel is Testing a Blockchain it Built With a Fantasy Sports Game - CoinDesk - "The proof of concept works by enabling the exchange of digitized assets that represent shares of different sports teams."

ON THE WIRES

  • UK Payment Systems Regulator: "Banks should sell their stake in UK payments infrastructure to help increase innovation and competition - "The evidence published today indicates that the common ownership of this infrastructure provider by this small number of banks is having a negative impact on innovation and competition in the industry. As a result, the PSR is proposing that these banks sell part of their stakes in VocaLink in order to open the market and allow for more effective competition and innovation."
  • Wirex: A Hybrid Financial Platform That Uses Blockchain Technology - "Wirex is the first service of its kind to provide bankless financial services, and it is designed to close the gap between digital and traditional currencies for everyday financial transactions. Evolving to fill the needs of the global citizen, Wirex will offer 3 main services: convenient mobile banking via the Wirex app, instant remittance services, and upgraded 2-way debit cards that allow on-demand conversion between bitcoin and traditional currencies."

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!

February 25, 2016

Headline News from PaymentsNews.com - February 25, 2016

ON THE WEB

ON THE WIRES

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!

February 23, 2016

Headline News from PaymentsNews.com - February 23, 2016

ON THE WEB

  • How This $2.3 Billion Swedish Company Plans to Dominate the U.S. Payments Sector - Inc. - "Klarna, for that matter, is not your average payments processor. By partnering with merchants, the system allows customers to purchase an item simply by entering their name, email address, and zip code."
  • Amazon Web Services Takes Aim at Big Banks - "The company’s Amazon Web Services unit has been approaching banks such as Citigroup Inc., Goldman Sachs Group Inc. and J.P. Morgan Chase & Co., people familiar with the matter said."
  • JPMorgan Quietly Tests ‘Blockchain’ With 2,200 Clients - Wall St. Journal - "The nation’s largest bank has been testing the program in recent months to move U.S. dollars for about 2,200 clients between the two financial centers using a version of the “blockchain” technology that underpins bitcoin..."
  • Mastercard Is Expanding Its 'Selfie Pay' Capabilities - Fortune - "When making a purchase online from a merchant that requires identity verification, cardholders can authorize the transaction by holding up their phones as if taking a selfie and blinking..."
  • Getting Rid of Big Currency Notes Could Help Fight Crime - New York Times - "Getting rid of big bills will make it harder for criminals to do business and make it easier for law enforcement to detect illicit activity."
  • Reserve Bank says Australian dollars could come in digital form in future - Sydney Morning Herald - "In a speech where he also flagged the end of the cheque, Mr Richards said the RBA had been watching the growth in demand for privately-established virtual currencies like Bitcoin, and believed there was a place for a central-bank-issued digital currency in Australia."
  • The Ongoing Evolution of the Australian Payments System - Reserve Bank of Australia (Tony Richards) - "Today's conference is on payments innovation and I would like to speak about some ways that our payments system is evolving, both in terms of some innovative new payment instruments that are on their way and the declining use of some of our older or legacy payment instruments."
  • UK FinTech: Regulating for innovation - FCA (Christopher Woolard) - "How can regulation foster innovation in financial services? And as part of that how can we ensure that we have a regulatory environment fit for future innovation?"

ON THE WIRES

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.

EVENTS

UPDATES FROM GLENBROOK

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

February 22, 2016

Headline News from PaymentsNews.com - February 22, 2016

ON THE WEB

  • 2016 Payment Predictions - FRB Atlanta - Take on Payments Blog - "In our 2015 year-end review, we promised we would provide some predictions and expectations for payments in the United States during 2016. Predictions are usually pretty…unpredictable, so by waiting a couple of months to release ours, we're hoping they will end up being more accurate than usual."
  • How Walmart Pay could help the mass merchant compete against Amazon - Mobile Commerce Daily - "By rolling out Walmart Pay, Walmart now has to walk a fine line of engaging mobile customers who’ve come to rely on this convenience while still catering to those less inclined to try out the new payment experience."

ON THE WIRES

  • GSMA and Mobile Operators Launch Initiative to Extend Mobile Money and Mobile Internet to Women Globally - "The GSMA today announced the launch of the Connected Women Commitment Initiative, aimed at reducing the mobile gender gap. Initial commitments by GSMA operator members, with over 75 million mobile internet and mobile money customers, will aim to connect millions more women in low- and middle-income countries by 2020."
  • PayPal Extends Mobile Leadership and Consumer Choice With New Partnerships and Product Innovations - "PayPal announced a collaboration with one of Europe’s largest mobile carriers, Vodafone, where millions of PayPal’s European customers will be able to fund payments on Android smartphones at Visa contactless terminals using the Vodafone Wallet. The service will start in Spain and expand to additional European markets later this year."
  • Visa Extends Secure Payments to the Automotive Industry - “The notion of transforming a car into a platform for payments is not as far off as some may think, and we have made a great deal of progress since first introducing the idea one year ago,” said Jim McCarthy, executive vice president of innovation and strategic partnerships, Visa Inc. “Working with Honda to test these prototypes gets us another step closer toward commercial reality, which we think provides exciting opportunities to everyone who plays a role in the payments and automotive ecosystems.”
  • Visa Checkout Launching Across Europe and India - "Since its introduction in 2014, Visa Checkout has launched in 16 countries, with usage growing to more than 11 million consumer accounts and acceptance by more than 250,000 merchants. In 2016, the service will reach a total of 22 markets around the world, including Australia, Argentina, Brazil, Canada, Chile, China, Colombia, France, Hong Kong, Ireland, India, Malaysia, Mexico, New Zealand, Peru, Poland, Singapore, Spain, South Africa, United Arab Emirates, the United Kingdom and the United States."
  • Visa Brings Secure Payments to the Internet of Things - "The first IoT companies to join the Visa Ready Program will focus on payments for wearables and automobiles. Initial Visa Ready partners include Accenture, Coin, Giesecke & Devrient, Fit Pay, and Samsung, who will work with device manufacturers including Chronos and Pebble, to help embed secure payments in consumer devices and have those devices certified as Visa Ready."
  • Coin Launches Developer Program to Enable Access to MasterCard’s Tokenization Platform and Accelerate Payments in Wearables - “Signing up for the Coin developer program gives wearables manufacturers transparent access to a turnkey solution,” said Kanishk Parashar, CEO and Co-Founder of Coin. “The program makes commerce accessible to device makers as payments on wearables become table stakes. We are confident that our miniaturized and secure payment technology, combined with MasterCard’s tokenization, will benefit our wearables partners with increased engagement of their products.”
  • American Express, Discover, MasterCard, and Visa Purchase Volume Up 7.8% in 2015 - David Robertson, publisher of The Nilson Report, said, “For the third year in a row, the percentage increase for purchase volume on Visa credit cards was better than any other credit or debit card type.”
  • Samsung Pay Continues Global Momentum in 2016 - "In 2016, Samsung Pay will start global expansion beginning with China in March, followed by Australia, Brazil, Singapore, Spain and the U.K. later in the year. Additionally, Canada will be added to the new launch roadmap."
  • Samsung Pay coming to MBNA customers in the UK - Ian O’Doherty, CEO of MBNA, said: “Our customers are looking to MBNA as the credit card experts to deliver handy new ways to pay – ways that offer them convenience, speed and safety. We’re investing in delivering our customers Samsung Pay at the earliest opportunity, showing how we’re helping make life easier for them.”
  • Wincor Nixdorf and Mahindra Comviva Partner to Enable NFC and QR Code Based Transactions at the ATM With Mobiquity® Wallet - "With advent of this new solution, consumers using mobile wallets powered by Mahindra Comviva's mobiquity® Wallet will be able to withdraw cash and top up their mobile wallets at the ATM by simply scanning or presenting a QR code or use their NFC enabled mobile device."

GLENBROOK PAYMENTS EDUCATION EVENTS

Here's a quick reminder that we have two of our Glenbrook payments education events coming up later this month - both in Palo Alto, California - 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.

EVENTS

UPDATES FROM GLENBROOK

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

February 18, 2016

Headline News from PaymentsNews.com - February 18, 2016

ON THE WEB

ON THE WIRES

  • U.S. Bank Upgrades Commercial Payment Solutions - “Together, Commercial Payments Manager and Access Online support the market’s widest range of commercial card and virtual payment choices,” said U.S. Bank Corporate Payments Systems President Jeff Jones. “By offering two complementary systems, U.S. Bank has made it easier for customers of every size and sophistication to access all the options they need to support and grow their organizations.”
  • MasterCard Expands Cardholder Controls and Peace of Mind - "For 50 years, we’ve developed new technologies that balance the need for increased security with the desire for greater convenience in payments. As these benefits become everyday features, consumers will receive even more protection and value from the MasterCard in their wallet– physical or digital.”
  • Vantiv Integrated Payments Announces Security Pays 2.0 to Drive Stronger Security Adoption - "This initiative promotes education and awareness, driving the adoption of security products to add layers of protection to the payments process, such as end-to-end encryption, tokenization and EMV."
  • Lavu Collaborates with PayPal to Offer EMV Payment Processing to Restaurants, Food Trucks and Bars - "PayPal will now be available to Lavu’s extensive portfolio of restaurants, bars and food trucks that generate billions of dollars in transactions annually. Additionally, Lavu can offer restaurant and bar owners EMV payment processing that is integrated with a clear and transparent pricing structure within its POS software, with no hidden fees."
  • Five Things to Look for in Cross-Border Payments in 2016 and Beyond - "As the payment landscape continues to shift − driven by an increasingly global economy, the adoption of more digital-only channels, and increased concerns over security and transparency − Mike Massaro, CEO of Flywire (formerly Peer Transfer) weighed in on the future for global payments."
  • Bell ID to Support Android Pay - "Bell ID, the mobile payments specialist recently acquired by Rambus Cryptography Research, today announces it will support international issuing banks, payment schemes and processors to integrate with Android Pay. Bell ID customers can utilize its Token Service Provider (TSP) software to enable and secure near field communication (NFC) payments functionality on Android phones."
  • 25 Million Credit Cardholders Haven't Changed Favorite Card in 10+ Years - "The truth is that loyalty doesn't pay when it comes to credit cards," Schulz said. "It is especially true with rewards because the quickest way to rack up rewards is to sign up for a new card with a big signup bonus..."

GLENBROOK PAYMENTS EDUCATION EVENTS

Here's a quick reminder that we have two of our Glenbrook payments education events coming up later this month - both in Palo Alto, California - 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.

EVENTS

UPDATES FROM GLENBROOK

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

February 17, 2016

Headline News from PaymentsNews.com - February 17, 2016

ON THE WEB

  • The Plot to Kill the $100 Bill - Wall St. Journal - "The paper argues that eliminating high value currencies—such as the 1,000 Swiss franc ($1,013) note, the €500 note and the $100 bill—would reduce corruption and make life harder for tax evaders, terrorists, drug dealers, financial criminals and human traffickers."
  • A Message to Our Customers - Apple CEO Tim Cook - "But now the U.S. government has asked us for something we simply do not have, and something we consider too dangerous to create. They have asked us to build a backdoor to the iPhone."
  • As Marijuana Sales Grow, Start-Ups Step In for Wary Banks - New York Times - "The State of Colorado legalized marijuana for recreational use in 2014, joining several other states where the drug has been decriminalized in some form, but Visa and MasterCard will not process transactions for pot dispensaries and most banks will not open accounts for the businesses..."
  • Bye, bye, banker: New Monopoly game goes cashless with electronic payments - "Hasbro showed off a new version that eliminates both the game's signature paper money and the banker position."

ON THE WIRES

GLENBROOK PAYMENTS EDUCATION EVENTS

Here's a quick reminder that we have two of our Glenbrook payments education events coming up later this month - both in Palo Alto, California - 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.

EVENTS

UPDATES FROM GLENBROOK

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

January 20, 2016

Headline News from PaymentsNews.com - January 20, 2016

ON THE WEB

ON THE WIRES

  • New IMF Staff Paper Looks at How to Reap the Benefits and Curtail the Risks of Virtual Currencies - "Achieving a balanced regulatory framework that guards against risks without suffocating innovation is a challenge that will require extensive international cooperation, says a new staff paper, “Virtual Currencies and Beyond: Initial Considerations,” released today by the International Monetary Fund (IMF) during the World Economic Forum."
  • R3 brings eleven major global financial institutions together on a cloud based distributed ledger - "R3 and consortium member banks Barclays, BMO Financial Group, Credit Suisse, Commonwealth Bank of Australia, HSBC, Natixis, Royal Bank of Scotland, TD Bank, UBS, UniCredit and Wells Fargo each connected on an R3-managed private peer-to-peer distributed ledger, underpinned by Ethereum technology and hosted on a virtual private network in Microsoft Azure, the public cloud platform offering Blockchain as a Service (BaaS) in an accelerated development environment."
  • Global Payments Partners with Mobeewave to Offer Innovative Add-On-Free Mobile Payment Acceptance Solution - "The solution is designed to enable secure, in-person payment transactions, made with any contactless credit card or mobile wallet (e.g. Apple Pay®, Samsung Pay, Android Pay™), directly on an NFC-enabled mobile device, without the need for additional hardware such as a card reader or dongle."
  • Western Union Cross-Border Platform Connects Consumers to over One Billion Bank Accounts - "“The account payout network capability represents a natural evolution in Western Union's cross-border platform and omni-channel strategy to reach new digital-savvy, banked and mobile enabled consumers. Western Union is actively pursuing digital innovation enterprise wide, increasing consumers’ choice of money transfer channels and facilitating financial inclusion in emerging countries around the world."
  • InComm Digital Solutions Introduces Digital Open-Loop Prepaid Products - "The new products are digital versions of Visa gift or reward cards delivered to an email address and are redeemable on any U.S.-based e-commerce site where Visa debit cards are accepted."
  • Nielsen Study: Innovation in Mobile Technology, Payment Options & Retail Strategy Drive Borderless Shopping - "As technology and the retail landscape rapidly evolve, payment practices are also changing. More than half of respondents who say they shopped online during the past six months paid with a traditional credit card (53%), but roughly four-in-10 used a digital payment system such as PayPal (43%), debit card (39%) or direct debit from their bank account (38%)."
  • Merchants to Face More Chargeback Challenges as CNP Fraud Escalates - "Our research revealed that almost two-thirds of physical goods merchants believe that outsourcing fraud mitigation and chargeback management has become cost effective. We believe working with a third-party solution provider who specializes in end-to-end management of CNP transactions will be the future for online merchants who are already at a higher risk for this type of fraud than their brick-and-mortar peers."
  • Moneris launches business-to-business payment solutions to optimize commercial card acceptance - "Moneris' B2B services target business suppliers accepting payments from commercial customers and card issuing partners who require support enabling suppliers for card acceptance. Suppliers will be offered accounts receivable solutions that move them off of traditional cheque and invoicing systems, speed up payment delivery times and optimize business operations. Card-issuers will benefit from supplier enablement services that help simplify the migration to electronic payment acceptance for suppliers. "
  • Visa Inc. Appoints Lynne Biggar as Chief Marketing and Communications Officer - "While at Time Inc., Ms. Biggar was responsible for marketing to consumers for all Time Inc. brands across all channels, direct marketing company Synapse, Time Inc. Retail, Time Inc. Books, Consumer Insights, Data Solutions and Time Customer Service. Prior to her role at Time Inc. she spent more than 20 years at American Express in a variety of general management and marketing positions in both the US and international divisions and was a member of the company’s Global Management Team."

EVENTS

  • Payments in Portland (OR) - Join us Thursday, January 28th from 5:30-7:30 PM to hang out with your colleagues and competitors to discuss all things payments! We'll have appetizers, Oregon beer and wine. For the first time, Payments in Portland is including a short topical briefing - this month on "B2B Payments - Promise and Problems." If you have a Portland payments presence and something to say on B2B payments, let us know! RSVP HERE!
  • Real Time Payments in the US: Implications for the Payment Industry - Atlanta, GA - February 10, 2016. Glenbrook's Elizabeth McQuerry will be moderating this discussion on what "faster payments" really means, how it's been implemented in other countries, and how it may shape banking and how we pay.

UPDATES FROM GLENBROOK

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

January 19, 2016

Headline News from PaymentsNews.com - January 19, 2016

ON THE WEB

  • The Really Big Questions in Payments - PaymentsViews.com (Carol Coye Benson) - "Glenbrook’s Allen Weinberg wrote a few weeks ago about his view of the Grand Challenges in payments…. a daunting list, and one I agree with. But I want to extend his discussion on one of his challenges: “Realigned value chain economics in a push payment world”, and add two more: “What is the proper role for government in the issuance of money?” and “Who owns the payment address?”"
  • As More Pay by Smartphone, Banks Scramble to Keep Up - New York Times - "If the banks fail to meet the challenge, Brian Moynihan, the chief executive of Bank of America, warned in November, “it may allow part of our industry to be forever taken away from us.”"
  • Cash still king for many consumers - Chain Store Age - "While more than half (57%) of Millennials reported using a greater variety of payment methods than before, nearly half (45%) of that group also said that they’re more likely to pay more with cash now than they did a few years ago."
  • Keep Calm and Bitcoin On - Medium (Valery Vavilov) - “Visa and PayPal already exist, and within national borders they do what they do quite well. It’s silly to try to turn Bitcoin into yet another Visa and PayPal.”
  • Intel Launches Skylake vPro with Intel Authenticate - AnandTech - "Intel is launching Intel Authenticate today, and it will require a 6th generation Intel Core processor with vPro. Authenticate will combine several factors of authentication into a single login, which, in theory, should be easier for the end user as well."

ON THE WIRES

  • Sam’s Club to Accept Visa Credit Cards - “Sam’s Club is the eighth largest retailer in the U.S. and we are thrilled to open up Visa credit acceptance in their more than 650 clubs across the U.S. and Puerto Rico,” said Ramón Martín, senior vice president, merchant solutions, Visa Inc.
  • American Express OPEN Launches No Annual Fee SimplyCash® Plus Business Credit Card - "American Express OPEN today announced the launch of the no annual feei SimplyCash® Plus Business Credit Card, which for the first time offers small businesses greater buying power traditionally found on a charge cardii, while also providing more opportunities to earn cash back from a larger list of business expense categories."
  • More than 100 FIDO Certified Products Fuel Global Adoption of FIDO Strong Authentication - “This explosion of FIDO Certified products and adoption numbers confirm industry-wide endorsement of FIDO as the new strong authentication technology standard,” said Brett McDowell, executive director of the FIDO Alliance. “This increasing availability of FIDO Certified solutions creates an unprecedented opportunity for organizations to implement simple, usable and strong authentication and better protect customers, employees and data from the risks of data breaches, hacking and identity theft.”
  • BitGo Eliminates Bitcoin Transaction Delays With Launch of BitGo Instant - "BitGo Inc. is today announcing the launch of BitGo Instant, the world’s first way to safely receive zero-confirm Bitcoin transactions with a full financial guarantee."

EVENTS

  • Payments in Portland (OR) - Join us Thursday, January 28th from 5:30-7:30 PM to hang out with your colleagues and competitors to discuss all things payments! We'll have appetizers, Oregon beer and wine. For the first time, Payments in Portland is including a short topical briefing - this month on "B2B Payments - Promise and Problems." If you have a Portland payments presence and something to say on B2B payments, let us know! RSVP HERE!
  • Real Time Payments in the US: Implications for the Payment Industry - Atlanta, GA - February 10, 2016. Glenbrook's Elizabeth McQuerry will be moderating this discussion on what "faster payments" really means, how it's been implemented in other countries, and how it may shape banking and how we pay.

UPDATES FROM GLENBROOK

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

January 15, 2016

Headline News from PaymentsNews.com - January 15, 2016

ON THE WEB

  • Hyatt Card Breach Hit 250 Hotels in 50 Nations - Krebs on Security - "Instead of just mandating that banks and retailers shift in lockstep on a to handling chip cards, U.S. lawmakers and regulators have for years delegated (abdicated?) accountability for credit card security to a booming industry of auditors and assessors who’ve been trying to secure a technology (magnetic stripe-based cards) that is 60 years old and is about as secure as mailing your credit card number on a postcard."
  • A Bitcoin Believer’s Crisis of Faith - New York Times - "Mr. Hearn, until recently one of the most prominent leaders of the Bitcoin project, became so disillusioned that in December he sold the few hundred Bitcoins he had left and quietly took a job at a new start-up."
  • Bitcoin Is Dead, Long Live Bitcoin - A VC (Fred Wilson) - "Sometimes it takes a crisis to get everyone in a room. That’s how the federal budget has been settled for many years now. And that may be how the blocksize debate gets settled too."
  • Mobile Payment Platform Minkasu Raises $1M Seed Round - TechCrunch - "The startup’s iOS and Android app stores encrypted credit card information, does not need passwords, and lets shoppers complete transactions with one click."

ON THE WIRES

  • Verifone Expands Services Offering for Large Retailers in the U.S. and Canada with Agreement to Acquire AJB Software - “Combining AJB’s offerings with Verifone’s services creates an unmatched set of hardware-neutral solutions—giving merchants the ability to select from a wider range of products that best meet their business requirements,” said AJB founder and president, Naresh Bangia. “Ultimately, this enables AJB and Verifone clients to receive stronger value and support—all from a single vendor.”
  • First Data Announces Clover® Go - "The EMV-enabled card reader plugs into an iOS or Android tablet or smartphone and works with a Wi-Fi or cellular connection, allowing business owners of all sizes to seamlessly and securely accept payments outside of a traditional brick-and-mortar setting. Clover Go provides multi-merchant and multi-user functionality, enabling business owners to toggle between different store locations and provide access to an unlimited number of employees."

EVENTS

  • Payments in Portland (OR) - Join us Thursday, January 28th from 5:30-7:30 PM to hang out with your colleagues and competitors to discuss all things payments! We'll have appetizers, Oregon beer and wine. For the first time, Payments in Portland is including a short topical briefing - this month on "B2B Payments - Promise and Problems." If you have a Portland payments presence and something to say on B2B payments, let us know! RSVP HERE!

UPDATES FROM GLENBROOK

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

January 14, 2016

Headline News from PaymentsNews.com - January 14, 2016

ON THE WEB

ON THE WIRES

  • Adyen Expands Next Generation Point of Sale Solution to U.S. Merchants - “The $22 trillion retail industry has been on the verge of delivering a true omnichannel shopping experience for years, but outdated and siloed payment systems have been in the way,” said Pieter Van der Does, co-founder and CEO of Adyen. “With Adyen’s omnichannel solution, forward-looking retailers will have the platform they need to surprise and delight shoppers with new experiences that also grow their revenue.”
  • Verifone to Deliver End-to-End, EMV-Ready Payment Solution to Microsoft Dynamics Customers - “In addition to simplified payment management, merchants want the most efficient, secure and hassle-free ways to support EMV, NFC, mobile wallets and other emerging payment methods that also offer new engagement opportunities with their customers,” said Jim Surber, regional head of Payment as a Service, North America, Verifone. “Partnering with Microsoft Dynamics - provider of industry leading point of sale software and omni-channel retail and commerce solutions - will greatly expedite our ability to deliver these capabilities to a vast number of merchants across the U.S.”
  • Hyatt Completes Payment Card Incident Investigation - “Protecting customer information is critically important to Hyatt, and we take the security of customer data very seriously,” said Chuck Floyd, global president of operations for Hyatt. “We have been working tirelessly to complete our investigation, and we now have more complete information that we want to share so that customers can take steps to protect themselves. Additionally, we want to assure customers that we took steps to strengthen the security of our systems in order to help prevent this from happening in the future.”

EVENTS

  • Payments in Portland (OR) - Join us Thursday, January 28th from 5:30-7:30 PM to hang out with your colleagues and competitors to discuss all things payments! We'll have appetizers, Oregon beer and wine. For the first time, Payments in Portland is including a short topical briefing - this month on "B2B Payments - Promise and Problems." If you have a Portland payments presence and something to say on B2B payments, let us know! RSVP HERE!

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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