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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 24, 2014

Headline News from PaymentsNews.com - April 24, 2014

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April 23, 2014

Headline News from PaymentsNews.com - April 23, 2014

On the Web:

  • SATOSHI'S REVOLUTION: How The Creator Of Bitcoin May Have Stumbled Onto Something Much, Much Bigger - Business Insider - ""For the first time, two people can exchange a piece of digital property, without any prior relationship, and in a secure way, over the Internet," Jeff Garzik, one of Bitcoin's core developers..."
  • Africa’s Tech Edge - The Atlantic - "How the continent's many obstacles, from widespread poverty to failed states, allowed African entrepreneurs to beat the West at reinventing money for the mobile age..."
  • It's Time for the Industry to Embrace Phased-In, Same-Day ACH - American Banker BankThink (Pat Thelen) - "As an industry, we're at a crossroads on whether to evolve or be left behind. If we choose not to evolve, we risk becoming irrelevant."
  • Beyond their breach - BillGuard Blog - "At this point, we might as well walk around with our credit card numbers plastered on our foreheads."
  • The Mobile Security Journey at Wells Fargo - Bank Systems & Technology - "With mobile adoption growing so fast and providing a constant touchpoint with customers (Wells’ mobile customers log in an average of 13 times each day), embedding security, without hurting the customer experience, is a top priority for the bank, Ajami shares."

On the Wires:

  • IDC Financial Insights Unveils Results from 2014 Consumer Payments Survey - "After several years of growth, the market for 'alternative' payment methods is now entering a period where adoption gains may come more slowly and where simply providing an alternative isn't enough. Instead, providers need to offer products that add value beyond the payment," said James Wester, practice director for Worldwide Payment Strategies and the author of the report.
  • Domino's Pizza® Now Accepting Payment via Google Wallet - "Google Wallet is a great technology that allows customers even more flexibility and convenience when it comes to paying for their Domino's orders."
  • Digital River Extends Its SMB Payments Solution to U.K. Merchants - "The solution offers small and medium enterprises, commerce providers, systems integrators and developers turn-key access to credit card processing capabilities for Visa, MasterCard and Maestro cards in Euros and Pound Sterling."
  • 2Checkout Appoints Shawn Budde as CEO - "Mr. Budde has more than 25 years of experience in the finance industry including executive roles at Citibank and Capital One; data analytics experience at Sears Holdings; and as co-founder and President at ZestFinance, a VC-backed technology company."

Updates from Glenbrook:

April 16, 2014

Headline News from PaymentsNews.com - April 16, 2014

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Updates from Glenbrook:

April 15, 2014

Headline News from PaymentsNews.com - April 15, 2014

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April 13, 2014

Headline News from PaymentsNews.com - April 14, 2014

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April 11, 2014

Headline News from PaymentsNews.com - April 11, 2014

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April 10, 2014

Headline News from PaymentsNews.com - April 10, 2014

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April 09, 2014

Headline News from PaymentsNews.com - April 9, 2014

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April 03, 2014

Equifax Partners with Jumio for Mobile Commerce

Equifax logo 140pxEquifax has announced a partnership with Jumio to develop "a series of solutions that will create a more streamlined, secure mobile transaction process for both consumers and retailers."

One of the biggest challenges facing the mobile commerce industry is shopping cart abandonment. Almost 47 percent of consumers have abandoned a mobile purchase specifically due to the difficulty of entering personal information and card data on a small device. By leveraging the strengths of Equifax 1-Touch Services and Jumio’s proprietary Netverify and Netswipe technology, Equifax will be able to auto-fill the personally identifiable information needed to complete a transaction on a mobile device. Equifax consumer information resources will be utilized in tandem with Jumio’s authentication and validation capabilities to reduce fraud, increase purchases and ultimately improve the consumer mobile commerce experience.

“The partnership with Jumio will bring our mobile commerce capabilities to the forefront of a very dynamic, cutting-edge industry,” said Anand Krishnaswamy, Vice President of Mobile Commerce, Equifax Inc.

“Our joint initiatives are unmatched in the market, and we’ll be working very closely with Jumio to take our technologies and solutions to the next level by making mobile transactions easier than ever and more secure for consumers and retailers alike. Consumer identity verification, device authentication and credit card origination can now be done in real-time with just the tap of a finger.”

The solutions will also be integrated with the Equifax Mobile Wallet functionality, allowing consumers to access their cards on their mobile device to use for purchases. Shoppers can choose to either scan their credit card with their smartphone, or utilize their smartphones in-store at the checkout counter to complete the transaction. Additionally, users can opt in for instant, store-brand credit card offers. If the line of credit is extended to the user, they can instantly use the card on their mobile device. Most importantly to the consumer – no consumer credit data is stored or cached on their smartphones.

April 02, 2014

Headline News from PaymentsNews.com - April 2, 2014

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April 01, 2014

Headline News from PaymentsNews.com - April 1, 2014

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March 31, 2014

Headline News from PaymentsNews.com - March 31, 2014

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March 25, 2014

Headline News from PaymentsNews.com - March 25, 2014

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March 21, 2014

Headline News from PaymentsNews.com - March 21, 2014

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  • Visa and PULSE Agree on EMV Common Debit Solution - "Visa Inc. and PULSE, a Discover Financial Services company, announced an agreement to enable financial institutions that issue EMV debit cards on both the Visa and PULSE networks to use Visa’s common debit solution."

Updates from Glenbrook:

March 20, 2014

Headline News from PaymentsNews.com - March 20, 2014

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  • American Express Expands Benefits for Platinum Card® Members - "These benefits include complimentary, unlimited access to Wi-Fi hotspots provided by Boingo Wireless, a global market leader in Wi-Fi, as well as an application fee statement credit option for the TSA Pre✓™ program."
  • Small Businesses Get Paid Faster With QuickBooks Payments - "As part of the expanding QuickBooks ecosystem of online products and services, QuickBooks Online users who also use QuickBooks Payments get their invoices paid on average two times faster than those who don’t. When these small businesses email their invoices and allow their customers to pay online, they significantly reduce the time it takes to receive payment."

Updates from Glenbrook:

March 19, 2014

Headline News from PaymentsNews.com - March 19, 2014

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March 17, 2014

Headline News from PaymentsNews.com - March 17, 2014

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March 14, 2014

Headline News from PaymentsNews.com - March 14, 2014

On the Web:

  • Accidental disruption: Max Levchin discusses how close PayPal was to never existing at all! - PandoDaily - "It’s often said that it’s better to be lucky than good. Fortunately for PayPal, Levchin, Thiel, and the company’s other early execs were both lucky and good."
  • Consumers Not Powerless in the Face of Card Fraud - New York Times - "The United States is such a fraud-friendly country in part because we still use old-fashioned magnetic stripes on the back of our cards. This makes it relatively easy for thieves to make counterfeit ones."
  • Xapo Raises $20 Million To Bury Your Bitcoin Underground - TechCrunch - "The wallet, said Wences, works like a checking account while the vault works like a savings account. They have no intention of ever becoming an exchange."
  • Wearing Apple - furbo.org (Craig Hockenberry) - "But the biggest feature of all would be that this wearable device could support iBeacon."
  • China Suspends Two Forms of Smartphone Payments - Wall St. Journal - "A People's Bank of China official who declined to be named said the bank issued a directive Thursday ordering the suspension of online payments using QR codes and virtual credit cards in smartphone payment systems."
  • Introducing Myself - Bitcoin Foundation (Jim Harper, Global Policy Counsel) - "To that end—prioritizing—I have already begun a study of the risks that Bitcoin faces and their severity, how to address them and, when possible, how to measure success or failure."
  • Buffett: ‘Stay Away’ From Bitcoin - Wall St. Journal MoneyBeat - He called it “a very effective way” of transmitting money, but said that “a check is a way of transmitting money, too.”

On the Wires:

Updates from Glenbrook:

March 12, 2014

Starbucks Enhances Starbucks App for iPhone

Starbucks logoStarbucks has announced upcoming enhancements to its mobile app for iPhone to be available March 19 - including "shake to pay" and "digital tipping".

With shake to pay, customers can now bring the barcode of their Starbucks Card front and center at any time, simply by shaking their mobile device. Digital tipping gives customers the option to provide a tip in the following denominations: $0.50, $1.00, $2.00.

With more than 11 percent of transactions a week now happening with a mobile device in our stores, and nearly 10 million customers currently using our mobile app, we’re thrilled to make the digital experience even easier and more rewarding for our customers and partners,” said Adam Brotman, chief digital officer for Starbucks.

“This update to the Starbucks App for iPhone is an important next step in digital innovation at Starbucks and one of the many ways we’ll expand and improve our digital experience in the months to come.”

The Starbucks App for iPhone is available for download from the App Store or at http://sbux.co/StarbucksforiPhone. Additionally, customers can access their Starbucks account using Passbook, allowing customers’ mobile Starbucks Cards to appear on their iPhone screen automatically after they enter a favorite Starbucks® store.

Headline News from PaymentsNews.com - March 12, 2014

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March 11, 2014

Headline News from PaymentsNews.com - March 11, 2014

On the Web:

  • Starbucks CEO on mobile payments - Fox News - "Starbucks CEO Howard Schultz on the success and expansion of the company’s mobile payment platform."
  • Why I'm Joining PayPal - PayPal Forward Blog (Rakesh “Rocky” Agrawal) - "Part of my role at PayPal will be to help small businesses and entrepreneurs understand online commerce and payments."
  • A Deeper Look at Uber’s Dynamic Pricing Model - Above the Crowd (Bill Gurley) - "So why does Uber’s dynamic pricing even exist? The answer lies in understanding that Uber is fundamentally a marketplace, where supply is controlled not by the company but by the legion of independent contractors and transportation providers with whom they work."
  • Decentralizing Identity - Continuations (Albert Wenger) - "It is still early days for all of this, but the potential for these emerging decentralized identity systems is to further push power to the people and away from central authorities."
  • Bitcoin and Cryptocurrencies: A Critical Insight - IBM Academy of Technology TechNotes - "Bitcoin allows you to transfer economic value to any individual, anywhere in the world, without the involvement or approval of a third party, at minimal cost. This architecture is unlike any payment sys-tem that has previously existed. We are now observing a proliferation of new entrants building on its insights."
  • Top 50 credit unions grow in the face of new regulations - SNL Financial - "After several years of growth, the nation's credit unions saw the first drop in aggregate net income since 2008."
  • McDonald’s Sweden takes mobile payments to the next level - Mobile Commerce Daily - "The technology is being powered by Seamless’ SEQR mobile wallet solution."
  • How Banks Should Respond to the New Players in Payments - Bank Systems & Technology - "Silicon Valley Bank has taken a different approach to new payments players, by using its unique position in the “cradle of innovation” to incubate payments startups in partnership with MasterCard, Reekita Grewal shared."
  • Millennials see banks as irrelevant | Scratch - "This turned out to be a longer post than I expected. The catalyst was the millennial belief in irrelevance of banks. This is not to be ignored or ignored at your banks peril."

On the Wires:

Updates from Glenbrook:

March 10, 2014

UK Payments Council Details New Paym Mobile Payments Service

Paym logoThe UK Payments Council has announced that its new secure way for consumers to pay using just a mobile number will be called Paym [pronounced “Pay Em”] and has released the brand's logo as well.

According to the press release, "final testing for Paym is on track and the launch date will be announced in April, when participating banks and building societies will be able to use the logo. The industry-wide collaborative project is the first service with the potential to link up every current account in the country with a mobile number."

Adrian Kamellard, Chief Executive of the Payments Council, said:

We’re all used to the idea of a ‘mobile update’ to improve our apps - Paym is a mobile update for payments that means you can pay securely using just a mobile number. Paym will make it easier to repay a friend for cinema tickets, split a restaurant bill or settle up for a colleague’s birthday collection.”

“Paym is a great example of industry-wide collaboration that delivers tangible benefits for customers. The service has the potential to link up every bank account in the country with a mobile number - millions of people will be able to use it this year and we look forward to expanding Paym even further, so everyone can benefit from this easy, secure new way to pay.”

Paym will be integrated into customers’ existing mobile banking or payment apps as an additional way to pay, making it possible to send and receive payments using just a mobile number. At launch, customers of nine bank and building society brands - Bank of Scotland, Barclays, Cumberland Building Society, Danske Bank, Halifax, HSBC, Lloyds Bank, Santander and TSB Bank - will be able to use the new service.

March 07, 2014

Q&A re EMV, Data Breaches, HCE and the Pace of Change in Payments

PaymentsViews logo 140pxOver on our PaymentsViews.com blog, Glenbrook's George Peabody interviews me about some of the current issues on payments in the US.

George writes:

In this email conversation, Scott and I work through some hot issues as he reminds me about the sometimes unfortunate pace, and instigation, of payments industry change."

Perhaps you'll enjoy it! We'd welcome your comments!

March 05, 2014

Headline News from PaymentsNews.com - March 5, 2014

On the Web:

  • Target CIO Resigns Following Massive Data Breach - TechCrunch - "Target Corp.’s Chief Information Officer Beth Jacob is resigning, effective immediately..."
  • Sally Beauty Hit By Credit Card Breach - Krebs on Security - "Nationwide beauty products chain Sally Beauty appears to be the latest victim of a breach targeting their payment systems in stores..."
  • Stripe launches new Checkout - Stripe Blog - "Each site should not have to duplicate the work of device optimization and A/B testing. When you use Checkout, you have a team of Stripe engineers and designers continually optimizing your payment interface."
  • EBay CEO Reiterates Company Stronger With PayPal - Wall St. Journal - "EBay helps PayPal grow faster by creating a flywheel effect because PayPal is the primary and, in some cases, exclusive way to pay on eBay."
  • HCE: We're not in Kansas anymore - Mobile Payments Today (Cherian Abraham) - "There is a lot of potential in the closed-loop space with HCE, that retailers are ignoring due to a "scorched earth" approach toward contactless."

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Updates from Glenbrook:

March 04, 2014

Headline News from PaymentsNews.com - March 4, 2014

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March 03, 2014

Cards and Wallets and Mobile Payments - Oh My!

PaymentsViews logo 140pxOver on our PaymentsViews.com blog, Glenbrook's Carol Coye Benson tries her had at a one page diagram illustrating the evolution of cards, wallets and mobile payments.

What really jumps out for me is the issue of card-not-present rules for cloud wallets. Particularly if these wallets are populated with issuer tokens...
Read her post here - and add your comments!

Headline News from PaymentsNews.com - March 3, 2014

Glenbrook's Payments Insight Workshop series this spring focuses on three key topics for payments professionals: Bitcoin - Basics and Beyond (March 26), Data in Payments (April 22) and Innovation in Payments (May 8).

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Updates from Glenbrook:

February 28, 2014

Headline News from PaymentsNews.com - February 28, 2014

Glenbrook's Payments Insight Workshop series this spring focuses on three key topics for payments professionals: Bitcoin - Basics and Beyond (March 26), Data in Payments (April 22) and Innovation in Payments (May 8).

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Updates from Glenbrook:

February 27, 2014

Headline News from PaymentsNews.com - February 27, 2014

Glenbrook's Payments Insight Workshop series this spring focuses on three key topics for payments professionals: Bitcoin - Basics and Beyond (March 26), Data in Payments (April 22) and Innovation in Payments (May 8). Offered in a small group setting in the San Francisco Bay Area, registration is now open for each of these workshops!

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Updates from Glenbrook:

February 26, 2014

Headline News from PaymentsNews.com - February 26, 2014

Glenbrook's Payments Insight Workshop series this spring focuses on three key topics for payments professionals: Bitcoin - Basics and Beyond (March 26), Data in Payments (April 22) and Innovation in Payments (May 8). Offered in a small group setting in the San Francisco Bay Area, registration is now open for each of these workshops!

On the Web:

On the Wires:

Updates from Glenbrook:

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