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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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October 26, 2015

Headline News from PaymentsNews.com - October 26, 2015

On the Web

On the Wires

  • Visa Brings Token Security to eCommerce - "Visa today announced that it has integrated token technology into Visa Checkout, the company’s online check out service used by merchants and consumers globally to make safe, easy payments in just a few clicks."
  • U.S. Banks Unite to Form Industry Leading Secure Real-Time Payments Network - In a joint prepared statement, the CEOs of Bank of America, BB&T, Capital One, JPMorgan Chase, U.S. Bank, and Wells Fargo said, “Our customers want the ability to make payments to anyone, in real-time, making funds instantly available in the recipient’s bank account. To achieve this, we are combining our collective, bank-owned digital payments network (clearXchange) with our fraud, risk and authentication assets (Early Warning), to further ensure that our customers can send money, confidently, securely, and in real-time via their financial institutions.”
  • The Clearing House Drives Closer to Standing-Up New Innovative National Real-Time Payment System - "The Clearing House (TCH) announced it has entered into a letter of intent with VocaLink, the UK-based international payment systems provider, to help build and deliver core elements of TCH’s new real-time payment system for the United States."
  • MasterCard Launches New Program That Can Turn Any Consumer Gadget, Accessory or Wearable into a Payment Device - “As more and more ‘things’ become connected, consumers will have endless possibilities when it comes to how they pay, and will need all of their devices to work seamlessly together,” said Ed McLaughlin, Chief Emerging Payments Officer at MasterCard. “This program eliminates the boundaries of how we pay by delivering a secure digital payment experience to virtually anything – rings, fitness and smart bands, car key fobs, apparel, and whatever comes along next.”
  • Western Union Introduces WU Connect Platform, Expanding Cross-Border Money Transfer via Mobile and Social Media - David Thompson, EVP, Global Operations and Technology and CTO, Western Union, expressed excitement about the potential impact of this new offering saying, "This puts Western Union in a position to extend its digital platform to networks whose users are looking for more convenient ways to send and receive money globally on a platform of their choice."
  • Sequent Launches Token Service Platform Supporting all Card Types and Networks - "Compatible with all major credit and debit card networks, Sequent Token Service Platform allows banks to deploy a single solution to support their entire credit and debit card portfolio plus profitable private label and prepaid cards."
  • E*TRADE Resets Mobile Bar with Apple Pay - "E*TRADE Financial Corporation today announced the release of Apple Pay functionality for E*TRADE debit card holders."
  • Scotiabank First Canadian Bank to Launch Bulk Interac e-Transfer® Service - "Scotiabank is pleased to be the first Canadian Bank to offer this innovative new service to meet the needs of our business banking customers," said Rania Llewellyn, Senior Vice President, Cash Management and Payment Services at Scotiabank. "We are always looking for new ways to make everyday business transactions fast, easy and secure for our customers, and with the Bulk Interac e-Transfer service, our business banking customers have more choices to send electronic payments efficiently."
  • TSYS and Ingenico Group to Offer New Semi-Integrated EMV Solution - "Using a semi-integrated approach, communications between the PIN pad and point-of-sale (POS) system are limited to non-sensitive exchanges, preventing card data from entering the POS. By taking the POS out of the payment flow process, not only are EMV certification and PCI compliance simplified, but overall costs and time required for EMV implementation are reduced as well."
  • Mozido Expands Digital Payments Offering: Launches U.S. - China Cross-Border Payment Gateway - "The Mozido PayEase Payment Gateway service enables Chinese consumers to securely pay with their local bank accounts and credit cards with reliable settlement of the funds to the U.S. merchant’s bank account. As the first and most trusted cross-border payment gateway in China, Mozido PayEase breaks down barriers by allowing Chinese citizens to pay in their local currency while allowing the merchant to be paid in their home currency through a seamless transaction."
  • Dream Payments Launches Canada's First Off-The-Shelf EMV Payment Terminal That Accepts Interac Debit Card Payments - "The Dream solution consists of an MPOS application for iOS® and Android™ based smartphones and a Bluetooth® enabled EMV Debit and Credit Card Reader. The Dream card reader is available through TELUS at an introductory price of $99.99. Payment processing fees are low cost; $0.25 for Interac Debit card transactions and 2.75% for Visa® and MasterCard® credit card transactions."
  • Penny Inc Launches at Money20/20 with Prepaid MasterCard® Card and Integrated Mobile App Solution
  • - "Penny Inc, which provides payments and expense and travel management solutions for small to medium-sized businesses, today announced the launch of the Penny Inc prepaid MasterCard® card program (“Penny”) virtually connected to a mobile app."
  • INTECH to Provide Prairie Cloudware Platform to Credit Union Clients - "INTECH will white label the Prairie Cloudware technology allowing credit unions to offer members a mobile wallet that carries the institution’s brand. The initial deployment of the Digital Payments Guardian for INTECH will offer an Android mobile wallet with a Visa card. The solution can be extended to include additional payment cards and sources as well."

Glenbrook's 2015 Payments Education

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!

October 21, 2015

Headline News from PaymentsNews.com - October 21, 2015

On the Web

On the Wires

  • Visa Launches New Platform to Help Card Issuers Market and Grow Their Business - "Visa Inc. today announced the launch of Visa Integrated Marketing Solutions (VIMS), a card marketing platform designed to help small to medium-sized issuers optimize their marketing efforts. The VIMS platform enables the development and execution of key marketing services across the customer lifecycle – from acquiring new customers to cardholder retention."
  • W3C Starts Web Payments Standards Work to Streamline the Online "Check-Out" Process - "The industry has looked to digital wallets as a way to improve security and usability, as well as to support marketing initiatives. And yet, users have not yet wholeheartedly embraced them," said W3C CEO Dr. Jeff Jaffe. "We believe that one reason for this is that the digital wallet market is fragmented and providers use incompatible programming interfaces."
  • Diebold Software Innovation Slashes Fraud Exposure Through Secure Onboarding To Digital Payments - "SimplyTapp believes extending consumer relationships through mobile devices is critical to the future of banking," said Doug Yeager, SimplyTapp chief executive officer and co-founder. "Together with Diebold's secure self-service technology and our leading Cloud Token Solution, the need for highly secure authentication and card onboarding can now be fully realized at the convenience and familiarity of a bank's ATM."
  • Synchrony Financial Launches CarCareONE Mobile App to Deliver Account Servicing, Store Locator Functionality, and Special Offers to Millions of Cardholders’ Smartphones - “Our CarCareONE app offers a new platform for our automotive merchants to engage with their customers wherever they are,” said Glenn Marino, executive vice president & CEO of Synchrony Financial’s Payment Solutions platform. “We know that financing is an important consideration for drivers dealing with an unexpected repair or routine maintenance, and this innovative app provides CarCareONE cardholders a useful tool to manage their account, locate services for all their auto maintenance needs, and find valuable offers from our network of retailers and service shops across the country.”
  • Buy With Affirm, Pay in Monthly Installments Now Available to 3dcart eCommerce Merchants - “Installments aren't just a slick way for consumers to temporarily defer payment," said Levchin. "It’s how Affirm helps eTailers boost sales and consumers, who may not have credit cards or who choose not to use them, pay for their purchases in a way that best matches their monthly budgets."
  • Intuit and Fundbox Partner to Tackle #1 Pain Point Faced by Small Businesses: Cash Flow - Fundbox CEO Eyal Shinar added, “We are thrilled to become a more deeply embedded solution within Intuit’s QuickBooks ecosystem - we know millions of SMBs will benefit from this partnership.
  • SumUp Expands To U.S. With Launch Of EMV Card Terminal - "It's a perfect time to bring SumUp to the U.S. The shift to EMV chip cards puts more costly fraud liability on stores without chip terminals -- but only half of small businesses are even aware of EMV liability," said Daniel Klein, CEO of SumUp. "EMV is the norm around the world, and SumUp is the platform of choice for EMV transactions in 14 countries today. We are here to help U.S. merchants and partners such as cash register vendors to transition quickly and securely to EMV, by making payments as easy as possible for their customers."
  • Discover Financial Services Joins Banking Industry Architecture Network - "Discover Financial Services recently joined the Banking Industry Architecture Network, a not-for-profit industry standards association, to leverage a banking-industry-specific framework and standard messaging to speed the delivery of new products and services."

Glenbrook's 2015 Payments Education

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!

October 20, 2015

Headline News from PaymentsNews.com - October 20, 2015

On the Web

  • Remote Order and Pay - Medium (Scott Loftesness) - "Way back in the early 2000’s I was a board member of Ontain — a startup focused on remote order and pay."

On the Wires

  • Chase Doubles Up on Rewards: Marriott Rewards and United MileagePlus Credit Cards from Chase Join Forces for the First Time - "Between November 1 and November 30, 2015, Marriott Rewards Premier cardholders will earn double points on purchases with United® and eligible United MileagePlus Explorer, Club and Presidential Plus cardholders will earn double miles on purchases at Marriott® properties."
  • Fifth Third Bank Launching New Mobile App for Commercial Cards - “Fifth Third’s commercial card mobile app can improve the ease in which our commercial card clients and their employees conduct business, allowing them to focus more effort and time on driving results to their bottom line.”
  • Early Warning Introduces the Authentify Platform - “The Authentify Platform addresses the multi-dimensional challenge of payments’ risk. It brings together multiple modes of authentication – all sitting on top of a bank consortium model that is powered by shared intelligence – to simplify risk-managed authentication while strengthening accuracy and speed to optimize the consumer experience."
  • NAFCU: EMV Chip-Card Transition Is Not Silver Bullet, Cybersecurity and Consumer Protection Require Multi-Tiered Approach - "Specifically, NAFCU supports Sens. Tom Carper, D-Del., and Roy Blunt, R-Mo., bipartisan measure, S. 961, the “Data Security Act of 2015,” and the companion House bill introduced by Rep. Randy Neugebauer, R-Texas, and Rep. John Carney, D-Del., H.R. 2205, which would set a national data security standard for retailers akin to GLBA while acknowledging financial institutions’ existing adherence to GLBA standards."
  • CyberSource Brings Real-Time Fraud Analytics to Merchants - “Merchants create rules and parameters in their fraud management systems that determine whether a transaction is accepted or denied, based on risk levels,” said Andre Machicao, senior vice president, CyberSource, a Visa Inc. company. “In some cases, the parameters they set might be overly cautious, causing them to lose legitimate, safe business unnecessarily. CyberSource’s new capability allows merchants to back test prior transactions to see what would have happened if they had set different rules.”
  • Seamless Distribution AB: New SEQR Service: International Remittance and Payments – Offering Money Transfers between Countries Free of Charge - “Demand for international transfers is constantly growing as people’s lives become increasingly global. But established payment agencies charge high fees, making money transfers expensive. SEQR can offer a highly competitive and simple alternative - something we’re convinced many people will appreciate,” says Peter Fredell, CEO of Seamless. “This service is an important part of our international expansion.”
  • Discover Financial Services Joins Banking Industry Architecture Network - "Discover Financial Services recently joined the Banking Industry Architecture Network, a not-for-profit industry standards association, to leverage a banking-industry-specific framework and standard messaging to speed the delivery of new products and services."

Glenbrook's 2015 Payments Education

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!

October 19, 2015

Headline News from PaymentsNews.com - October 19, 2015

On the Web

  • Yahoo Executive Reses Said to Leave Company to Join Square - Bloomberg - "Jacqueline Reses is departing Yahoo! Inc., where she had been chief development officer, to join Dorsey’s Square Inc...."
  • For First Data, the way to investors' hearts is through their stomachs - Fortune - "First Data’s big new pitch to investors is that it can arm small businesses with the same sophisticated apps, and Big Data analytics, that until now exclusively benefited the likes of Target or Dunkin’ Donuts."
  • What 2016 Holds for Bitcoin Businesses - CoinDesk - "The hard reality is, there just isn’t currently enough volume to support all the exchanges, payment gateways and wallet providers that have sprung up, let alone the number of secondary service providers, such as bitcoin compliance solutions, that have been created to support the first wave of service providers."

On the Wires

  • Square Hires Jacqueline Reses, Yahoo Executive and Financial Services Veteran, to Lead Square Capital - “Jackie’s understanding of the financial services industry and her background in tech and investing make her the perfect fit to lead Square Capital, and I’m thrilled she is joining our leadership team,” said Jack Dorsey, CEO of Square.
  • MasterCard to Tokenize MasterPass for Online and In-App Shopping - "At the request of Issuers enabling MasterPass for their customers, MasterCard will replace the personal account numbers (PAN) for consumer credit, debit, commercial and prepaid cards stored in MasterPass with a secure “token” – a new 16-digit number that represents the existing PAN on the front of a payment card. Tokens are unique to each bank-connected MasterPass wallet and carry EMV-based security protection that provides additional peace of mind for consumers and merchants alike."
  • MCX Adds BIM’s Guaranteed ACH Payments to CurrentC™ App - “We are hearing directly from consumers about the importance of having choices when it comes to payment within the app. With BIM’s technology and the ability to pay via a checking account, consumers will soon have several options for paying for goods and services using CurrentC™” said Brian Mooney, MCX CEO. “While consumers want options, they also want security. We chose BIM’s technology for its seamless integration with CurrentC™, security features, and fraud prevention capabilities.”
  • WEX Inc. Announces Definitive Agreement to Acquire Electronic Funds Source LLC - “We are very excited about the prospect of combining these two great companies, which have a strong customer orientation, aligned strategy and a complementary footprint,” said Melissa Smith, WEX’s president and chief executive officer. “We believe this acquisition strengthens our value proposition to customers with a portfolio of best-in-class offerings that will better meet their evolving needs."
  • U.S. Bank Launches VantagePoint; New Centralized Receivables Management Platform - “U.S. Bank is committed to continued investment in receivables capabilities and technology to improve our client experience,” said Rich Erario, head of U.S. Bank Global Treasury Management. “The bank conducts in-depth process reviews with businesses and hosts focus groups on a regular basis to fully understand their most pressing business challenges. VantagePoint is a direct result of those conversations. By streamlining the receivables management process and improving data reporting, VantagePoint makes it easier for our clients to make informed business decisions.”
  • Citi Launches Paperless Processing and a Fully Digital Experience of Electronic Bank Account Management (eBAM) in North America - “This is an important milestone in Citi’s digital journey. With these enhancements, our clients will realize greater efficiencies and benefit from a more streamlined onboarding process,” said Michael Fossaceca, North America Region Head, Citi Treasury and Trade Solutions.
  • Citi Expands Citi Payment Exchange into Canada, Building on U.S. Success - “We are committed to innovate, constantly finding new ways to support our clients in their end-to-end process and make their payment management simpler and more efficient. The unique opportunity with Citi Payment Exchange is that it allows organizations to leverage the power of the next generation of corporate payments, such as virtual cards,” added Stephanie Zee, Director and Cash Product Head, Citi Treasury and Trade Solutions, Canada.
  • Synchrony Financial to File Registration Statement in Connection With GE Exchange Offer - “We have been preparing to separate from GE since plans were announced two years ago,” stated Margaret Keane, president and CEO of Synchrony Financial. “We have built the infrastructure and the teams needed for separation and are excited about our future as a standalone business."

Glenbrook's 2015 Payments Education

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!

October 14, 2015

Headline News from PaymentsNews.com - October 14, 2015

On the Web

On the Wires


Glenbrook's 2015 Payments Education

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!

October 12, 2015

Headline News from PaymentsNews.com - October 12, 2015

On the Web

On the Wires

  • Financial market infrastructures rally around ISO 20022 harmonisation plan - "The Australian Securities Exchange (ASX), Bank of Canada, Clearstream, Canadian Payments Association (CPA), CLS, Euroclear, Hong Kong Interbank Clearing (HKICL), Russia’s National Settlement Depository (NSD), Southern African Development Community (SADC), VP Securities Denmark and ACH Colombia are amongst the first to commit to the plan for an industry designed framework for ISO 20022 implementation."
  • SWIFT unveils expansion of its financial crime compliance services portfolio - "Sanctions list management will enable financial institutions to access, manage and customise multiple sanctions list feeds on a secure, SWIFT-hosted platform. A new Payments data quality assurance service will help banks evaluate the quality of originator and beneficiary information in the SWIFT messages they send or receive. In addition, SWIFT will continue to expand its Know Your Customer (KYC) offering."
  • SWIFT to deliver a 57% price reduction by the end of 2015 - "This is a reflection of SWIFT's commitment to the banking community," says SWIFT Chairman Yawar Shah. "The co-operative reached its price reduction commitment at the end of 2014, one year ahead of schedule, but maintained the programme, yielding a much higher reduction rate than expected. I congratulate SWIFT for this effort and look forward to the additional price cuts the community will reap over the next five years."

Glenbrook's 2015 Payments Education

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!

October 08, 2015

Headline News from PaymentsNews.com - October 8, 2015

On the Web

  • Apple Pay Will Soon Work at Starbucks - Re/code.net - "Apple Pay head Jennifer Bailey broke the news Thursday onstage at Code/Mobile at The Ritz-Carlton in Half Moon Bay, Calif."
  • Fast-tracking Merchant Payment Acceptance in India! - Sanjay Swamy - "Many people think the cost of signing up a merchant, the cost of the terminal and the Merchant Discount Rate are the reasons why the penetration is low — and while these are factors, they are not the real reason. The reality is many merchants who want to accept cards are just not allowed to, and those who are have to toil hard to do so."
  • Nigerian mobile money leader Paga is doubling down on building a payments giant - Quartz - "Now, its persistence seems to be paying off with the completion of $13 million in series B financing. It was backed by a raft of investors led by Adlevo Capital, with participation from Omidyar Network, Goodwell West Africa, Acumen Fund, and Capricorn Investment Group to grow the Paga mobile peer-to-peer platform."
  • On What Law Firms Can Do With the Blockchain - Bloomberg BNA - "As we finish up our series, it’s time to answer a question we’ve ignored up until now — what should law firms be doing to leverage these technologies and position themselves to be leaders in a blockchain dominated world?"

On the Wires

  • Mobile Contribution to Sub-Saharan African Economy Surpasses US$100 Billion, Finds New GSMA Study - “The mobile industry remains a key driver of economic growth and employment in Sub-Saharan Africa, making a vital contribution given the population growth and high unemployment levels seen in many countries in the region,” said Alex Sinclair, Acting Director General and Chief Technology Officer at the GSMA. “Despite revenue and margin pressures, local mobile operators continue to invest heavily to extend network coverage to serve unconnected communities and accelerate the migration to high-speed 3G/4G mobile broadband networks."
  • CardFlight Announces $4.2 Million Investment From Leading Payment Industry Executives and Venture Capital Funds - "We're excited to be adding investors with such deep experience growing and scaling startups in the payments industry," said Derek Webster, Founder and CEO of CardFlight. "This round of funding further validates CardFlight's leadership in mobile payments and will enable us to roll out even more advanced solutions in the months and years ahead."
  • Mozido and TabbedOut Partner to Improve Consumer Dining Experience - "The partnership will provide a full set of features to hospitality locations allowing their consumers an application to discover locations, join wait-lists, make reservations, order, split, pay, and leave feedback all from their mobile phones."
  • Diverse Consumers Overwhelmingly Optimistic About Financial Future - "When asked about personal finances, on average 60 percent of African American, Asian and Hispanic consumers said they expect their financial situation to be “somewhat” or “much” better a year from now, compared to 48 percent of the combined general population."

Glenbrook's 2015 Payments Education

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!

October 07, 2015

Headline News from PaymentsNews.com - October 7, 2015

On the Web

  • Why Apple Pay’s Slow Start Doesn’t Mean It’s a Failure - MIT Technology Review - "Former Google Wallet chief Osama Bedier, now CEO of checkout terminal startup Poynt, says a third of locations are likely to have NFC capability by the end of next year. He thinks that’s the tipping point after which consumers will start to demand that nearly all the stores they frequent take mobile wallets."
  • Sue the Bank? You May Get Your Shot - Wall St. Journal - "The Consumer Financial Protection Bureau is moving toward new rules giving borrowers more rights to sue banks and credit-card companies..."
  • Chinese Hackers Breached LoopPay, a Contributor to Samsung Pay - New York Times - "LoopPay executives said the Codoso hackers appeared to have been after the company’s technology, known as magnetic secure transmission, or MST, which is a key part of the Samsung Pay mobile payment wallet that made its public debut in the United States last week."

On the Wires

  • Non-Cash Payments Grow Faster Than GDP Across All Regions Finds World Payments Report 2015 - "For more than a decade, the World Payments Report by Capgemini and the Royal Bank of Scotland has been the source of fundamental data, trends and commentary on global and regional non-cash payments, and the key regulatory and industry initiatives that govern them. This year’s report explores the impacts of an increasingly demanding regulatory landscape and the additional requirements to deliver incremental customer value through innovation and features insights derived from an online survey and executive interviews conducted in May 2015. "
  • MasterCard and P97 Drive Mobile Payments Innovation at Gas Stations and Convenience Stores - "The MasterCard fuel solution will leverage a wide range of MasterCard’s marketing and technical assets, and will utilize P97’s PetroZone® mobile commerce platform to integrate to existing gas station infrastructure. The new solution will enable fuel companies to develop innovative mobile apps for consumers to search for and navigate to the nearest or preferred gas station, make fast and simple mobile payments at the pump and convenience store, and receive personalized offers for in-store purchases."
  • New Credit Card Lets Travelers Earn Free Nights at Independent Hotels Even When Staying at Chains - “Until now, carrying a hotel loyalty credit card meant you were committing to a single hotel brand,” said Tom Quindlen, executive vice president and CEO of Retail Card, Synchrony Financial. “The Stash Visa Card changes all that. Now you can stay at any hotel and earn double Stash points.”
  • Hoover Institution: "Making Failure Feasible" Proposes Bold New Monetary Reforms - "The Hoover Institution Press today released Making Failure Feasible, which challenges current US banking policy and proposes bold monetary reforms, including adding a new Chapter 14 to the U.S. Bankruptcy Code. The ideas presented are the result of the Hoover Institution’s Resolution Project composed of a group of distinguished economists and scholars, including George Shultz, John Taylor, Thomas Jackson, and Kenneth Scott."
  • Paragon Application Systems’ Web FASTest™ Qualified for Discover® D-PAS - "Acquirers certifying for their chip transaction processing with Discover can now choose Web FASTest for acquirer-terminal end-to-end host simulation response for both contact and contactless D-PAS cards. Web FASTest simulates network processing so Acquirers/Merchants can validate compliance of their Terminals for D-PAS."

Glenbrook's 2015 Payments Education

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!

October 06, 2015

Headline News from PaymentsNews.com - October 6, 2015

On the Web

  • It’s About the Blockchain - PaymentsViews.com (George Peabody) - "2015’s story is the interest of fintech vendors, financial institutions, start-ups, and other enterprises in what blockchain ledgers have to offer. We’re seeing experimentation built on the bitcoin blockchain itself."
  • Turkey launches a national credit card system - Daily Sabah - "Turkey launched a new electronic card payment clearing system, the Istanbul-based InterBank Card Center (BKM) announced yesterday. The system, named "TROY," will be operational from April 1, 2016, the BKM said."
  • Apple Pay Makes Inroads for Everyday Purchases - eMarketer - "Mobile payments are slow to catch on among the general population, but early adopters of the Apple Watch are also rapidly adopting Apple Pay, research suggests."
  • Apple Pay Faces Tough Crowd in First Year - Bloomberg - "Apple Inc. Chief Executive Officer Tim Cook has called 2015 the “year of Apple Pay.” So far it’s been underwhelming."
  • Note to Payments Innovators: You Need a Value Proposition! - Credit Slips (Adam Levitin) - "The Fed is moving full-speed ahead on developing a faster payment system. But very few consumers actually need such a system. For all the complaints about our dated mag stripe card payments, they work really, really well. It's hard to come up with a clear value proposition for any replacement."
  • Trump Hotel Collection Confirms Card Breach - "The Trump Hotel Collection, a string of luxury hotel properties tied to business magnate and Republican presidential candidate Donald Trump, said last week that a year-long breach of its credit card system may have resulted in the theft of cards used at the hotels."
  • Australian Banks Unfriendly Towards Digital Currency - NewsBTC - "Not only will a negative attitude toward bitcoin affect the Australian market, but it could spread further afield. Many are fearful that this decision could have a long lasting negative effect that would influence the the country’s regulation process and opinions of consumers and lawmakers in other countries."
  • How Kenyan Banks Lost to Mpesa - Payments Africa - "Mpesa, a wildly successful payment platform contractually licensed to Safaricom, has prospered at the expense of what would have been banking services. Kenya’s banks have taken a back seat as Mpesa leads the payments market. It wasn’t always like this."
  • Santander InnoVentures Adds $4 Million to Ripple’s Series A Round - CoinDesk - "Ripple has received an additional $4m in funding from Santander InnoVentures, bringing its Series A total to $32m."
  • A New Chapter for Ripple - Ripple Blog - "We’re no longer experimenting. We’re delivering. That’s why we’re dropping the ‘Labs’ from Ripple Labs. From now on, it will just be Ripple—and Ripple is growing up."

On the Wires

  • MasterCard Identity Check to Simplify and Strengthen Online Shopping - "MasterCard today introduced MasterCard Identity Check, a suite of technology solutions that leverage advanced technologies to prove a consumer’s identity and further simplify the online shopping experience."
  • Visa and Chevron Bring Mobile Payments to the Pump - "Visa Inc. and Chevron U.S.A. Inc. today announced they will launch a mobile payments program at more than 20 Chevron-branded stations, accepting any NFC (near-field communications) payment service. The program, launching later this fall at select Chevron stations in San Francisco and Silicon Valley, will offer consumers a simple and more secure way to pay at the pump with a range of mobile payment services."
  • Visa Inc. Appoints Demetrios Marantis to Lead Global Government Relations - “I’m honored to join Visa at an incredible time in this dynamic industry,” said Marantis. “The payments ecosystem is rapidly changing, and I am excited to be part of an organization leading the conversation about digital payments in an increasingly mobile world, both in the United States and globally.”

Glenbrook's 2015 Payments Education

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!

September 29, 2015

Headline News from PaymentsNews.com - September 29, 2015

It's Time to Register! Upcoming Payments Boot Camps!

  • Glenbrook's fall season of payments education kicks off in October with two sessions of our Payments Boot Camp - one in the San Francisco Bay Area on October 13-14 and the other in New York City on October 20-21. Glenbrook's Russ Jones is now leading this important payments education curriculum - he'd love to meet you at one of these sessions. Contact Russ directly if you have any questions.

On the Web

  • U.S. court hears challenge to $5.7 billion Visa, MasterCard settlement - "A lawyer for retailers including Target and Amazon.com urged the 2nd U.S. Circuit Court of Appeals in New York to reject the deal, saying it forces merchants to give up their rights to sue over various policies and practices."
  • As Online Data Theft Escalates, Banks Look to Retailers to Bear the Losses - New York Times - "Retailers and banks are spending billions of dollars to upgrade to the new chip cards. While they hope the cards will slam the door on criminals obtaining financial data that can be used to create and sell counterfeit cards, they warn that other windows for fraud will remain wide open."
  • Chip Cards Will Require Users to Dip Rather Than Swipe - New York Times - "For several seconds, slightly longer than most people may be used to, cards are inserted and left in the cashier’s payment terminal, which uses the chip to determine whether the card is legitimate."
  • Review: Samsung Pays Where Apple Can’t - Wall St. Journal - "But Samsung Pay faces an unusual hurdle: awkwardness. Attempting to use it for the past few weeks, I got the stink-eye from many merchants, as if I were some kind of con artist or hacker."
  • Mexico's Payment Restrictions Now Cover Bitcoin - CoinDesk - "Mexico's Secretariat of Finance and Public Credit (SHCP) has clarified its stance on bitcoin, deeming it a means of payment whilst placing a series of restrictions on transactions involving the digital currency."

On the Wires

Glenbrook's 2015 Payments Education

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!

September 28, 2015

Headline News from PaymentsNews.com - September 28, 2015

It's Time to Register! Upcoming Payments Boot Camps

  • Glenbrook's fall season of payments education kicks off in October with two sessions of our Payments Boot Camp - one in the San Francisco Bay Area on October 13-14 and the other in New York City on October 20-21. Glenbrook's Russ Jones is now leading this important payments education curriculum - he'd love to meet you at one of these sessions. Contact Russ directly if you have any questions.

On the Web

  • The eGovernment – ePayment Conundrum - PaymentsViews.com (Erin McCune) - "As we work with governments to build their electronic payment strategies we sometimes need to temper their expectations given this all-too-familiar challenge. There have to be enough digitally delivered government services to warrant digital payment infrastructure, but you also need scalable, robust digital payments to support digital delivery of government services. At Glenbrook we’ve started calling this the “eGovernment-ePayment Conundrum” – and only partly in jest."
  • Banks: Card Breach at Hilton Hotel Properties - Krebs on Security - "Multiple sources in the banking industry say they have traced a pattern of credit card fraud that suggests hackers have compromised point-of-sale registers in gift shops and restaurants at a large number of Hilton Hotel and franchise properties across the United States. Hilton says it is investigating the claims."
  • Interchange Evidence? - Credit Slips (Adam Levitin) - "The very weird survey response on surcharging and discounting makes me wonder about the overall representativeness and reliability of the survey."
  • With Bitcoin's Price Down, VCs Turning to Blockchain Technology - CoinDesk - "The rising interest in use cases for bitcoin's underlying distributed ledger, the blockchain, is influencing the investment strategies of venture capitalists..."

On the Wires

  • Samsung’s Groundbreaking Mobile Payment Service – Samsung Pay – Available Starting Today in the United States - “Samsung Pay works with almost any card terminal from day one and Galaxy owners can shop with a wallet they never knew was always in their hands,” said Injong Rhee, EVP of Samsung Electronics, Global Head of Samsung Pay. “As the leader in innovation, Samsung is proud to introduce the first mobile payment solution that allows you to pay almost anywhere you can swipe or tap your card today.” - To participate initially, consumers need to have a participating MasterCard, Visa or American Express card issued by Bank of America, Citi, American Express or U.S. Bank. Samsung Pay also offers merchant credit cards through its relationship with Synchrony Financial...
  • U.S. Bank and Elavon Bring More Mobile Payment Choices to Customers with Samsung Pay - “Being one of the first to offer our cardmembers and merchant customers Samsung Pay is a great example of our focus on our customers,” said Dominic Venturo, chief innovation officer at U.S. Bank. “This is an important step in the continuing evolution of payments and consistent with providing our customers the convenience of doing business with us how, when and where they want."
  • Synchrony Financial Takes the Lead in Enabling Private Label Credit Card Benefits for Samsung Pay - “Today’s announcement further highlights Synchrony Financial’s leadership in mobile payments technology,” said Margaret Keane, president and CEO of Synchrony Financial. “Through our innovation and strategic partnerships, we are helping shape the future of how private label credit cards work in mobile wallets. We are proud to offer our merchant partners and their customers the value and benefits of our private label credit cards in Samsung Pay’s secure, simple and widely accepted mobile wallet.”
  • First Data Strengthens Digital Wallet Leadership with Support of Samsung Pay - “First Data continues to lead the way in enabling mobile commerce globally,” said Barry McCarthy, Executive Vice President and Head of Network and Security Solutions at First Data. “With the launch of Samsung Pay, we are extending our innovative technology to ensure that, as consumers increasingly move to digital payments, First Data can enable any card in any digital wallet.”
  • ACI Worldwide Helps Define and Drive Industry Standards for Real-Time Payments - "The Scheme Management Board (SMB) of the European Payments Council (EPC) has recently invited ACI’s Barry Kislingbury, lead solution consultant, to participate in the EPC Scheme Technical Forum (ESTF). With the introduction of numerous international real-time, immediate payments initiatives, the focus on the formats used to process such messages has become critical—particularly within Europe."
  • UK Alternative Finance Market for Businesses Projected to Reach £10 Billion by 2020 Says Fiserv Research - Travers Clarke-Walker, Chief Marketing Officer, International Group, Fiserv said, “Our research suggests that improved and user-friendly technology is impelling the growth of alternative finance in the U.K. We have seen the P2B and crowd-funding sectors engaging in a concerted marketing push, which is likely to raise awareness significantly. The buzz around alternative finance for SMEs is giving alternative financers legitimacy and encouraging SMEs to try these alternative funding options.”

Glenbrook's 2015 Payments Education

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!

September 25, 2015

Headline News from PaymentsNews.com - September 25, 2015

On the Web:

On the Wires:

Glenbrook's 2015 Payments Education

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!

September 24, 2015

Headline News from PaymentsNews.com - September 24, 2015

On the Web:

On the Wires:

  • MasterCard Transforms Aid Distribution - "MasterCard today launched the MasterCard Aid Network, an end-to-end, non-financial service designed to streamline aid distribution even in the absence of telecommunications infrastructure. Now, impacted populations can secure basic needs swiftly with the simple dip of a card."
  • Prosper Marketplace to Acquire Leading Personal Finance Company BillGuard - “Both BillGuard and Prosper Marketplace are focused on empowering consumers to be financially secure, smart and successful,” said Yaron Samid, co-founder and CEO of BillGuard. “Joining forces means that BillGuard can continue to innovate while contributing to the evolution of Prosper Marketplace as a full-service financial management company.”
  • Wells Fargo: Text and Email Alerts to Customers Exceed Half a Billion This Year - “Customers feel good when they have timely information that lets them know where they stand when it comes to their finances,” said Brett Pitts, head of digital for Wells Fargo Virtual Channels. “Email and text alerts offer just that, allowing them to make decisions that can save them money and make their banking easier.”
  • Seamless Launches Tomorrow’s Digital Cash Register – Free Cash Register Included in SEQR That Eliminates the Need for Physical Card Readers - "Seamless is launching a digital cash register for the company’s SEQR payment solution. All SEQR users will now have access to the digital cash register, which becomes a standard feature of the SEQR app. The solution enables small enterprises and private individuals to receive payment without the need for a physical card reader or incurring high transaction costs."
  • PowaPOS Expands Global Footprint Through Partnership with Canadian Leader CT-Payment - “By integrating CT-Payment into our SDK, our companies have removed the burden from the ISV and ISO of becoming payments experts, and provided them with a value-added service they can use to get their merchants to market faster,” said Jeff Dumbrell, CEO, PowaPOS. “And, with CT-Payment’s Interac certification, we both dramatically simplify the transition to tablet POS that Canadian merchants are seeking; while also ensuring that the most advanced, secure payment processing is available.”
  • TSYS Signs Payments Agreement with Premier Bank - "TSYS (NYSE: TSS) announced today that The Premier Bank Limited, a leading commercial bank in Bangladesh, has signed an agreement to upgrade to PRIME 4, the latest version of TSYS’ PRIME payment solutions platform."

Glenbrook's 2015 Payments Education

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!

September 22, 2015

Headline News from PaymentsNews.com - September 22, 2015

On the Web:

  • Inside the Global Payments Boot Camp - PaymentsViews.com (Russ Jones) - "Last year we expanded our Payments Boot Camp program to include a series of one-day workshops that give us an opportunity to dive a little deeper into a topic to share our experience and insights in a more interactive forum. And no topic has as much “real-world” demand as Global Payments. It’s a broad area to explore, and I wanted to share how we’ve structured the narrative."
  • The 21 Bitcoin Computer - "Today we’re announcing a new kind of device for sale: the 21 Bitcoin Computer, the first computer with native hardware and software support for the Bitcoin protocol."
  • Circle Granted First BitLicense by NYDFS - CoinDesk - "Bitcoin wallet Circle says it has become the first company to receive a BitLicense from the New York State Department of Financial Services (NYDFS)."

On the Wires:

  • Starbucks Mobile Order & Pay Now Available to Customers Nationwide - “Bringing Mobile Order and Pay to our customers is about meeting their needs of convenience and customization at any time of the day,” said Adam Brotman, Starbucks chief digital officer. “The fact that it also represents the fastest technology application rollout we have ever done is indicative of the strength of our digital ecosystem, how well it has been received by both our customers and store partners and the impact we think it can have on the future of retail.”
  • MyCheck Breaks New Ground with Menu Reordering Capability for Custom Mobile Payment Apps - “MyCheck’s reordering capability is a powerful technological innovation that revolutionizes in-location ordering and the guest experience because unlike tablet solutions, our branded mobile payment apps seamlessly connect to the point-of-sale, link guest consumption to rewards and foster ongoing brand engagement,” said Tal Nathanel, U.S. CEO of MyCheck.
  • Kohl’s Amps Up Digital to Make Omnichannel Shopping Easier than Ever - "Beginning this fall, Kohl’s customers will have a new easy, secure and private way to pay in stores with the rollout of Apple Pay, as well as the ability to use Apple Pay within the Kohl’s app. Kohl’s customers will also be able to add their Kohl’s Charge card as a form of payment within Apple Pay. Kohl’s customers will be able to complete purchases easily, quickly and securely across all digital channels with Visa Checkout, which will be available on Kohls.com and mobile devices."

Glenbrook's 2015 Payments Education

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!

September 21, 2015

Headline News from PaymentsNews.com - September 21, 2015

On the Web:

  • Bank of America Files Patent for Cryptocurrency Wire Transfer System - CoinDesk - "The patent, filed on 17th March, 2014, and published 17th September, seeks to protect a system by which electronic funds could be sent between customer accounts using the underlying blockchain of a given cryptocurrency as the rails for payment."
  • First Data Buys Spree Commerce To Move Into Open Source Payments Technology - TechCrunch - "Prior to this, Spree had raised $6.5 million from investors that include AOL (parent of TechCrunch), Thrive, True Ventures, Vegas Tech Fund and others."
  • Inside Target Corp., Days After 2013 Breach - Krebs on Security - "The results of that confidential investigation — until now never publicly revealed — confirm what pundits have long suspected: Once inside Target’s network, there was nothing to stop attackers from gaining direct and complete access to every single cash register in every Target store."
  • Visa shelves mobile payment venture in India - Times of India - "The company Movida India, the joint venture that Visa had formed five years ago in partnership with Monitise Plc UK, has shut shop and Naushad Contractor, head of the 50:50 JV, has quit, three persons aware of the development told ET."

On the Wires:

  • Costco Extends Partnership with Elavon; Enhances Payment Processing Offerings to Business Customers - Guy Harris, Elavon’s North America president stated, “The renewal of this relationship is a natural fit. Costco’s steadfast focus on creating quality solutions for its members and Elavon’s commitment to premier customer service will continue to provide tangible benefits for members, including saving the average member hundreds of dollars annually.”
  • New ACI Worldwide Survey: 6 out 10 U.S. Consumers with Credit Cards are Not Ready for EMV - “The survey data validates the trends we have seen over the past year; with less than a month to go until the EMV liability shift, a staggering number of consumers are neither educated on nor aware of EMV; they don’t know why they have new chip-enabled cards,” said Mike Braatz, senior vice president, Payments Risk Management, ACI Worldwide. “And if consumers are unaware, the implications for retailers come October and throughout the holiday shopping season could be major, especially as retailers prepare for this new payment experience."
  • Card1 Debuts Universal Card Technology Connecting Conventional Payment Card to Digital Wallet Platform - "The Card1 card is a conventional, plastic payment card and requires no power or charging to use. The Card1 companion mobile wallet app enables consumers to easily add payment cards to enabled digital wallets using a mobile phone camera and secure payments made with a Card1 card."
  • ShopKeep Acquires Ambur POS - "Ambur provides an excellent point of sale app that was created by a restaurant owner, for restaurant owners.” said Norm Merritt, ShopKeep’s President and CEO. “This acquisition allows ShopKeep to further our reach into the restaurant industry and expand our overall market share amongst independent merchants.”
  • Jeff Jones Named President of U.S. Bank Corporate Payment Systems - “Jeff’s management acumen, demonstrated over many years at the bank, makes him the ideal choice to take the reins of our corporate payments business and position it for robust growth,” said U.S. Bank Vice Chairman for Payment Services Shailesh Kotwal.

Glenbrook's 2015 Payments Education

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!

September 17, 2015

Headline News from PaymentsNews.com - September 17, 2015

On the Web:

  • Designing the Uber Cash Experience - Medium (Matthew Moore) - "We immediately discovered that users in India live in a different payments landscape than most Uber riders around the globe. The difference: 95% of Indians don’t have access to a credit card, and due to local regulations, paying for anything digitally is a cumbersome process."
  • Who’s Behind Bluetooth Skimming in Mexico? - Krebs on Security - "What follows is a look at a mysterious new ATM company in Mexico that sources say may be tied to the skimming activity."

On the Wires:

  • Intuit and OnDeck to Launch $100M Small Business Lending Fund - “This new product is all about empowering small businesses to leverage the power of their own data so that they can take advantage of better financing options,” said Dan Wernikoff, executive vice president and general manager of Intuit’s Small Business Group. “Small businesses rely on financing to power their growth, to invest in new employees, new equipment, and new opportunities. We’re excited to continue working with OnDeck to fuel more small business success.”
  • Modernizing Canada's Payment System requires a holistic approach - "The global payments ecosystem is changing, enabled by new technology and driven by changing user demands," said Gerry Gaetz, President and CEO of the CPA. "In Canada, we are taking a holistic approach to modernizing our systems, which includes significant research, a global perspective and industry consultation. This particular piece of research is a first step and will help frame industry discussions as we move forward."
  • TSYS Supports Android Pay - "TSYS’ new Host Card Emulation (HCE) solution enhances its existing TSYS Enterprise Tokenization solution to empower mobile payment solutions like Android Pay. It allows payment card information to be stored in the cloud and transferred by a tap of the mobile device at the merchant terminal."
  • Digital River Inks Payments Agreement with Online China Travel Leader Ctrip - “With one of China’s leading online travel websites, Ctrip has become one of the best-known travel brands in the country,” said Hayden Reed, Digital River’s senior vice president and general manager of Digital River World Payments. “China’s travel sector continues to see accelerated growth. Backed by our leadership position in the payments marketplace, we look forward to helping Ctrip advance their online travel offering and raise their global profile.”

Glenbrook's 2015 Payments Education

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!

September 14, 2015

Headline News from PaymentsNews.com - September 14, 2015

On the Web:

On the Wires:

  • Fiserv Successfully Pilots CardFree Cash at ATMs Via Accel Debit Payments Network - “Today’s consumers have come to expect immediate, easy and secure access to their money,” said Vincent Brennan, president, Card Services, Fiserv. “Card replacement can take time, and wire transfers can be expensive. Instant access to funds without a card helps financial institutions improve service and security.”
  • MUFG Union Bank Launches New Commercial Card Program for Corporate Clients - “We are pleased to offer our new Commercial Card Program to our corporate clients who are seeking the latest technology and services to meet their transaction banking needs and improve productivity,” said Managing Director Ray Fattell, Head of Product and Innovation at MUFG. “Our team employed a buyer-initiated payments approach in developing these products that distinguishes us in the marketplace."
  • Mozido and PayEase Launch TradeEase, Bring First Cross-Border O2O e-Commerce Payments to China and Russia - “The potential for economic development within China and Russia has never been more evident,” said Ron Hynes, executive vice president and head of global markets. “At Mozido, we’re proud to be establishing our foothold in these growing regions by enabling the first-ever cross-border O2O commerce between the countries.”

Glenbrook's 2015 Payments Education

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!

September 09, 2015

Headline News from PaymentsNews.com - September 9, 2015

On the Web:

On the Wires:

Glenbrook's 2015 Payments Education

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!

September 08, 2015

MasterCard Launches Digital Enablement Express Program - Google, Samsung Join

MasterCard logo 140pxThis morning MasterCard announced the launch of a new Digital Enablement Express (Express) program designed to expedites the process of digitizing and tokenizing MasterCard accounts through the MasterCard Digital Enablement Service (MDES).

According to the press release, "financial institutions of all sizes gain immediate access to the latest digital payments services, while MasterCard partners – digital wallet providers, device manufacturers, card on file merchants and other digital payment providers – have a simple onboarding process to engage with all participating banks."

Capital One, Fifth Third Bank and KeyBank are among the first issuers to announce their support for the program.

MasterCard is working relentlessly to increase payment security and enable innovative new digital services for consumers, to the benefit of all participants in our network,” said Ed McLaughlin, Chief Emerging Payments Officer at MasterCard.

“Express now allows key technology partners to make their offerings available to all MasterCard issuers in a simple, safe and consistent manner, extending our network model into digital enablement.”

In conjunction with the announcement of Express, MasterCard also announced that Google and Samsung have joined the program.

Participation details for Express can be found on MasterCard's website.

September 02, 2015

Headline News from PaymentsNews.com - September 2, 2015

On the Web:

On the Wires:

  • Former Visa CEO Joins Kash - "I doubt there are more than a handful of people who know as much about payments in the US as Joe Saunders. He was the CEO of Fleet Credit Card Services, CEO of Providian, and President of Card Services at Washington Mutual. He is joining Kash as the Chairman of our Board."
  • FDIC-Insured Institutions Earn $43 Billion in Second Quarter 2015 - "Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $43.0 billion in the second quarter of 2015, up $2.9 billion (7.3 percent) from a year earlier and the highest quarterly income on record. The increase in earnings was mainly attributable to a $3.6 billion rise in net operating revenue (net interest income plus total noninterest income). Financial results for the second quarter of 2015 are included in the FDIC's latest Quarterly Banking Profile released today."
  • Banking with the “Bat of an Eye”: First Internet Bank Offers Eyeprint ID Technology for Mobile Banking Access - “Eyeprint ID is the latest demonstration of First Internet Bank’s commitment to customer-centric digital banking,” said David Becker, President and CEO. “Eyeprint ID comes quickly after our introduction of Touch ID authentication earlier this year, which enables customers to log in with a fingerprint. Biometric technology allows us to provide innovative solutions to our customers’ need for secure, convenient account access.”
  • Shopkick Blows Past 15 Million Users, Doubles in One Year - “If you stacked all of the gift cards that users have received from shopkick, the pile would be 18 Empire State Buildings, or over four miles, high. That’s 15 billion Kicks, or $60 million, that we’ve rewarded to shopkick users just for shopping how they want to shop,” said Cyriac Roeding, co-founder and CEO of shopkick.
  • Xoom Launches Money Transfer Service to Singapore - “We are so excited to offer our money transfer services to customers with family and friends in Singapore,” said Iain Allison, Vice President of Business Development at Xoom. “We look forward to delivering convenient, safe, and economic service to the Singapore market."

Glenbrook's 2015 Payments Education

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!

September 01, 2015

Headline News from PaymentsNews.com - September 1, 2015

On the Web:

On the Wires:

  • Verifone and Aava Mobile Partner to Offer First Intel-Powered, “Pocketable” mPOS Solution - “Aava Mobile’s Inari5 tablet provides a level of durability, memory and processing speed greater than consumer-first mobile devices,” said Michelle Tinsley, Director of Mobility and Secure Payment for Intel’s Retail Solutions Division. “As the first Intel-based mobile handheld payment solution, integrating Aava’s tablet with Verifone’s remarkably flexible terminal yields a powerful enterprise-grade solution in terms of payment acceptance, advanced architecture support, and legacy system compatibility to enable retailers to get the most out of their mPOS investment.”
  • PayPal Study Reveals Adults Globally Owed More Than $51 Billion by Friends and Family - “As we see money going digital and mobile, people need more flexible ways to manage their money. It’s simple – we all want no-fuss ways to pay and get paid back, and avoid awkward IOU conversations,” said Matt Gromada, Director of Consumer Product Marketing at PayPal. “PayPal pioneered sending money digitally 16 years ago, and we are continuing to lead the way with our P2P offerings.”
  • TSYS Signs Payments Agreement with Metro Bank - “Metro Bank has a unique, customer-focused business that looks to reinvent the rules of banking,” said Gaylon Jowers, president of TSYS’ International Services segment. “At TSYS, we are constantly looking to change payments for the future, and working with forward-thinking banks like Metro Bank allows us to remain at the forefront of the U.K. payments market.”

Glenbrook's 2015 Payments Education

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!

August 31, 2015

Headline News from PaymentsNews.com - August 31, 2015

On the Web:

On the Wires:

  • Moneris Works with Verifone to Offer One of the First EMV-Certified Unattended Payment Solutions in the United States - “We are pleased to be working with Verifone to bring EMV-certified unattended payment solutions to the U.S. market,” said Chris Lee, President of North American Strategic Partnerships at Moneris. “Verifone is a key contributor to making an easy transition to EMV and contactless-ready solutions, providing the essential payment and commerce technology for businesses to take advantage of. Together we are delivering a leading-edge product that will make payments easier and more convenient for businesses and their customers in this growing environment.”
  • Bill.com and Xero Announce Direct Sync Availability for Small Businesses Everywhere - “Small businesses using Xero can now enjoy a more seamless and fluid way to manage their payments,” said René Lacerte, founder and CEO of Bill.com. “Our partnership with Xero enables businesses to manage their accounting and payment processes with ease and efficiency.”
  • BBPOS Launches WisePOS Smartphone for Q3 2015 Debut - “WisePOS provides mobile merchants and retailers a simpler, more reliable, more secure and optimally versatile mPOS device to accept payments anytime, anywhere, “said Ben Lo, Co-Founder & Chief Technology Officer of BBPOS. “ We are thrilled to bring this kind of revolutionary performance to customers, with demand at launch from an incredible roster of merchants who have managed payment acceptance and grown their businesses with help from BBPOS.”
  • IFX Forum and nexo Deliver First Universal ISO 20022 ATM Specification - "Our ATM-POS Working Group has historically been one of our most active and productive IFX committees, but supplying the massive amount of new ATM-related content to ISO 20022 by ourselves would have been a daunting task," said IFX Forum Chairman Richard A. DuVall of ACI Worldwide. "However, when the possibility of collaborating in this effort with nexo presented itself, it made the endeavour more feasible. We are very pleased to deliver today, with nexo, this much-needed content, which has been requested by the whole ATM industry."

Glenbrook's 2015 Payments Education

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!

August 27, 2015

Headline News from PaymentsNews.com - August 27, 2015

On the Web:

On the Wires:

  • Introducing the Square Appointments App - "The new Appointments app is available for iPhone –– even if you don’t process payments with Square. We want to empower you to do business anywhere, and our family of Square apps makes it easier to run your point of sale, check your sales reports, and book more business."
  • Consumers Believe Nontraditional Providers Will Drive Financial Industry Innovation, Says Research from Raddon Financial Group - “U.S. consumers continue to trust that banks and credit unions will provide them with the highest quality and most secure financial services available, and they believe that the emergence of nontraditional financial service providers has the potential to drive innovation in the industry,” said Bill Handel, vice president of research, Raddon Financial Group.
  • Consumers Rank Discounts and Savings on Fuel as Their #1 Preferred Reward - “This survey confirms what our merchant partners and over 5 million members have been telling us for the last three years,” said Brandon Logsdon, President and CEO of Dallas-based Excentus. “Today’s consumers clearly value the ability to earn rewards – like fuel savings – that have a meaningful and tangible impact on their household budget, making everyday life more affordable."

Glenbrook's 2015 Payments Education

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!

August 26, 2015

Headline News from PaymentsNews.com - August 26, 2015

On the Web:

  • Wirecard Said to Join Worldpay Contest With $9.4 Billion Bid - Bloomberg - "German payments processor Wirecard AG has joined the bidding for U.K. rival Worldpay Ltd., according to people with knowledge of the matter."
  • PayPal One Touch is Now Being Used By Millions of People and Available in 16 Countries - "One Touch is the biggest change to online shopping in more than a decade. It is a faster, safer way for consumers to check out at merchant sites, whether in mobile apps, on mobile web or online -- across platforms and payment types. Since launching One Touch, we’ve gotten phenomenal feedback from consumers and merchants alike. One Touch has led to a 50% or greater improvement in conversion of PayPal on mobile and we believe ushers in a major upgrade in the way consumers and merchants will connect in the coming decade. "

On the Wires:

  • First American Payment Systems Releases Payment Integration Tools for Partners and Developers - "As the payments world evolves, ISV partners are looking to increase revenue and differentiate their product offerings in the marketplace,” said Neil Randel, Chief Executive Officer for First American Payment Systems. “1stPayBlaze provides that functionality to the ISV community, as well as to their existing and new merchants, backed by our award-winning customer service and technical support. Our tools allow developers to incorporate this advanced technology within their software or website quickly and easily, eliminating many of the complex integration steps required in certifications.”
  • New Payment Technology is an Ace for MasterCard and The Barclays - "Golf fans using the latest in payment technology from MasterCard can get their food and drinks faster whether they are on the course, in the clubhouse or visiting the MasterCard Club on the ninth fairway during The Barclays in Edison, NJ. Concession point of sale terminals throughout Plainfield Country Club will be enabled to accept contactless payments and Qkr! with MasterPass, giving spectators a chance to use some of the newest payment technologies."
  • QCash Financial Offers QCash and QCash Plus as White Label Products to Financial Institutions - "QCash Financial’s product suite enables financial institutions to offer small-dollar, short-term loans quickly via a mobile device, from a branch or online to consumers. The suite is currently comprised of fee-based, small-dollar loans (QCash), and interest-based, near small-dollar loans (QCash Plus), both of which use the data analytics, technology and underwriting engine powered by QCash."

Glenbrook's 2015 Payments Education

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!

August 25, 2015

Headline News from PaymentsNews.com - August 25, 2015

On the Web:

  • Inside the Fight Over Bitcoin’s Future - New Yorker - "A terrific rumpus broke out in the world of Bitcoin last week, when veteran developers Gavin Andresen and Mike Hearn published Bitcoin XT, a competing version of Bitcoin Core, the open-source program that generates new bitcoins, verifies all transactions, and records them on the massive distributed ledger known as the blockchain."
  • The FTC Has the Authority to Enforce Data Security: FTC v. Wyndham Worldwide Corp. - TeachPrivacy - "This is a very important case. The FTC achieved a huge win in this case, preserving its power to regulate data security (and privacy by implication). The FTC strengthened its power, as its victory in this case was a strong one, making clear that the FTC has broad authority to enforce to protect data security. "

On the Wires:

  • Apriva and Global Payments Sign Agreement to Provide Secure, EMV Mobile POS Solutions to U.S. Merchants - “Mobile payments are increasingly crucial in today’s market. Merchants that haven’t embraced a mobile solution risk missing out on users who expect to be able to pay with their mobile device as well as via traditional methods,” said Frank T. Young, SVP, Global Product and Innovation at Global Payments. “AprivaPay Plus complements our existing suite of mobile solutions by giving our merchants the tools needed to offer a cutting-edge mobile solution, designed to provide the transaction security EMV affords.”
  • INSIDE Secure’s Award-Winning HCE Payment Solution Achieves Visa Ready Approval - “INSIDE Secure is extremely pleased to receive functional Visa Ready approval for MatrixHCE, one of the first mobile payment solutions for financial institutions,” said Martin Bergenwall, EVP of INSIDE Secure’s Mobile Security Division. “MatrixHCE not only meets the latest HCE standard, but it also incorporates potential future requirements including updatable whitebox cryptography to protect tokens, code and data.”
  • Nok Nok Labs Announces Second Closing of $16.25M Series C Financing to Fuel Global Expansion - "New strategic investors were added to the oversubscribed round, including DaouKiwoom Group from South Korea; DOCOMO Capital from Japan; and Thundersoft from China. The round also includes current investors DCM Ventures, Lenovo Group, ONSET Ventures and Raven Ventures and related affiliates."
  • Study Reveals Old-Fashioned Payments Processes Impact the Cost of Doing Business - "Through a survey of US and UK finance professionals, Currency Cloud found the US has a lot to learn from its UK counterparts when it comes to international payments, with nearly half (47 percent) of US businesses still relying on old-fashioned paper checks. In contrast, the majority of UK businesses (70 percent) make international payments electronically."
  • TSYS Executives Discuss Women’s Impact in Payments Industry - "TSYS today announced that Sarah Hartman, senior director of Consumer Payment Solutions, and Christina Hall, director of business development for Commercial Services, will speak at today’s annual Women in Payments® Symposium in Atlanta."

Glenbrook's 2015 Payments Education

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!

August 18, 2015

Headline News from PaymentsNews.com - August 18, 2015

On the Web:

On the Wires:

  • Richmond Fed's Economic Quarterly Looks at Durbin Amendment Impact on Merchants - "Based on a survey conducted two years after the regulation went into effect in 2011, Richmond Fed economist Zhu Wang and his co-authors Scarlett Schwartz and Neil Mitchell investigate the impact of the regulation on the costs to merchants of accepting debit cards. They also examine merchant reactions to the regulation in terms of changing prices and debit card restrictions. The survey results suggest that the regulation has had limited and unequal impact on merchants' debit-acceptance costs."
  • Pay Anyone From Your Wrist - "The latest Square Cash release affords anyone the ability to quickly send a payment to friends, family, or anyone nearby conveniently from their Apple Watch. Beginning today, anyone can access the app on their Apple Watch by downloading the latest Square Cash app for iOS."
  • Visa and QIWI Announce the Mass Launch of Contactless Smartphone Payments - "QIWI and Visa Inc. have announced implementation of a new stage of their strategic partnership, which has resulted in integration of Visa payWave's contactless technology into Visa QIWI Wallet."
  • Star Wars Comes to Chase Disney Visa Credit Cards - "Marking the first Star Wars brand collaboration for a credit card for The Walt Disney Company, Chase Card Services and Disney, are putting The Force in Cardmembers’ wallets with the introduction of three exclusive Star Wars designs to the Disney Visa Credit Card family, accompanied by exciting, new and exclusive Star Wars perks for all Disney Visa Credit Cardmembers."
  • First Tech Federal Credit Union and MasterCard Announce First U.S. Biometric Payments Pilot - "The pilot will test the potential of delivering greater security and convenience to First Tech’s U.S. cardholders by verifying identity via facial photographs or fingerprint scans conducted on smartphones."
  • Capital Prepaid Offers Mobile Check Cashing to BlazePaysSM Visa® Prepaid Cardholders - "Our goal is to make the BlazePays Card the most convenient and economical payment tool for consumers," said Jay Kurian, President of Capital Prepaid. "With mobile check cashing, consumers can now load funds to a BlazePays Card regardless of where they reside in the U.S."

Glenbrook's 2015 Payments Education

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!

August 17, 2015

Headline News from PaymentsNews.com - August 17, 2015

On the Web:

  • MasterCard on Changes Coming in Payment Card Security - Wall St. Journal Risk and Compliance Journal - "Ajay Bhalla, president of enterprise security solutions at MasterCard Inc., talks about the introduction of chip-based cards to the U.S. and what’s on the horizon for payment-cards security."
  • The Bitcoin XT Fork - AVC.com (Fred Wilson) - "It will be fascinating to watch this play out. If you are used to big corporations or governmental institutions making decisions behind closed doors about how your financial systems work, then you might enjoy watching a new model of innovation and technology evolution unfold."
  • $2b fee sticking point as Apple wrangles with Australia's big four banks - Australian Financial Review - "Commonwealth Bank of Australia chief executive Ian Narev would not comment on the progress of negotiations with Apple, but said Apple's attempts to offer Apple Pay in Australia won't be as easy as it was in the US given Australian banks' record of innovation. "
  • ApplePay Grows in Popularity, Users Happy with Platform - TMG Blog - "Recent data from 451 Research concludes 45 percent of smartphone owners who plan to use mobile payment apps over the next three months will opt for Apple Pay."

On the Wires:

Glenbrook's 2015 Payments Education

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!

August 13, 2015

Headline News from PaymentsNews.com - August 13, 2015

On the Web:

On the Wires:

  • Samsung Announces Launch Dates for Groundbreaking Mobile Payment Service: Samsung Pay - "Samsung Electronics Co., Ltd., unveiled today that Samsung Pay, a secure and easy-to-use mobile payment service that can be used to make purchases nearly everywhere cards are accepted, will launch in Korea on August 20 and in the U.S. on September 28. Samsung plans to roll out the service in the U.K., Spain and China, with partners to be named in each market."
  • Synchrony Financial Enables Private Label Credit Card Benefits Through Samsung Pay - “We continue to make our cards valuable to consumers, retailers and merchants and are pleased to securely offer the benefits of our private label credit cards through Samsung Pay,” said Margaret Keane, president and CEO of Synchrony Financial. “Through our ongoing innovation and strategic partnerships, we have developed a mobile platform that we can rapidly integrate with providers’ wallets while preserving the value of Synchrony Bank’s private label credit cards and patented Dual Cards for whichever mobile wallet our partners and customers choose.”
  • Samsung Joins the Visa Digital Enablement Program - “Samsung Pay is now one more way consumers can make secure payments based on tokens -- technology that is quickly becoming the standard for safe mobile payments,” said Jim McCarthy, Executive Vice President of Innovation and Strategic Partnerships at Visa. “Similar to how Samsung Pay is reaching mass merchant acceptance on day one, VDEP is making it easy and cost-effective for payment providers, financial institutions and technology companies like Samsung to take full advantage of token technology and bring secure mobile payments to consumers everywhere.”
  • Discover to Bring Samsung Pay to Cardmembers - “Discover remains committed to providing cardmembers with simple, convenient and versatile payment options,” said Diane Offereins, Discover’s president of payment services. “Adding Samsung Pay expands our ability to offer innovative and secure mobile payment services, enhancing the customer experience that cardmembers have come to expect from Discover.”
  • Heartland, VersaPay Help Merchants Move to Electronic Invoicing - "Heartland Payment Systems and VersaPay have announced they are collaborating to help merchants improve their accounts receivable through a cloud-based software solution utilizing the Heartland Portico™ Gateway and VersaPay ARC® platform."

Glenbrook's 2015 Payments Education

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!

August 12, 2015

Headline News from PaymentsNews.com - August 12, 2015

On the Web:

On the Wires:

Glenbrook's 2015 Payments Education

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!

August 11, 2015

Headline News from PaymentsNews.com - August 11, 2015

On the Web:

On the Wires:

  • Rite Aid Stores Nationwide to Begin Accepting Mobile Payments August 15 - “Increasingly, consumers are actively seeking out and incorporating mobile technology into many facets of their life, including their shopping and purchasing decisions,” said Ken Martindale, CEO of Rite Aid stores and president of Rite Aid Corporation. “By accepting mobile payments, we’re able to offer Rite Aid customers an easy and convenient checkout process, which we know is important to them.
  • Nymi, TD and MasterCard Announce World's First Biometrically Authenticated Wearable Payment Using Your Heartbeat - "The Nymi Band is a secure and continuous wearable authenticator that identifies a user based on their unique heartbeat (or electrocardiogram) through proprietary Nymi technology called HeartID™. Nymi has developed an NFC-enabled prototype of the Nymi Band for these pilots, which is linked to a user's MasterCard."
  • Canadian Payments Association Launches Initiatives to Support Modernization of Canada's Payments System - "The Canadian Payments Association (CPA) announced today two key initiatives to support its multi-year project to modernize Canada's core payments infrastructure. The CPA has begun a process to create a shared industry vision for the future of payments, and at the same time, is launching a public consultation on the introduction of a new global payments messaging standard."
  • Envestnet to Acquire Yodlee - "Yodlee is the preeminent name for data in financial services today. The core of every financial transaction and every financial decision is data. The Yodlee platform brings together client permissioned financial data and analytics in unique ways to power personalized and dynamic financial apps and generate business insights," said Bill Crager, President of Envestnet.
  • Global Card Fraud Losses Reach $16.31 Billion — Will Exceed $35 Billion in 2020 According to The Nilson Report - “Multiple factors contributed to that gap,” said David Robertson, Publisher of The Nilson Report. “Nothing mattered more than the lack of an EMV-compliant infrastructure.”
  • Moneris Launches PAYD Product Family Empowering Businesses to Accept Payments Anywhere in the U.S. - “Moneris is pleased to be one of the first to bring an EMV-enabled mPOS solution to the U.S. market,” said Chris Lee, President of North American Strategic Partnerships, Moneris. “PAYD Pro offers the latest security features and payment technology, while providing the convenience of quick and efficient mobile transactions."
  • Mobile Payments Start Up PaidEasy Closes $2,000,000 Seed Round of Funding - "With seamless integration into each individual merchants Point of Sale system, PaidEasy gives its users the ability to open, view, split, tip and pay their bills in real-time. PaidEasy will be available at both restaurants and bars to start with plans for other verticals in the hospitality industry for the immediate future."
  • Apple Pay™ Now Available to Bellco Members - “Our commitment to our members is to offer them the best, most convenient banking experience possible, and adding Apple Pay is just one more way we are working to live up to that commitment,” said Doug Ferraro, CEO of Bellco Credit Union. “Not only is Apple Pay simple and convenient, but it also adds a layer of privacy and security to making digital or in-store payments.”

Glenbrook's 2015 Payments Education

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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