On the Web:
- Cybercrime Scheme Aims at Payments in Brazil - New York Times - "The thieves preyed on Boleto Bancário, or Boletos, a popular Brazilian payment method that can be issued online and paid out through various channels like banks and supermarkets..."
- Russia Softens Stance on Bitcoin - Wall St. Journal - "The Bank of Russia is now accumulating information about so-called crypto-currencies and is not blocking Bitcoin, the central bank's first deputy chairman Georgy Luntovsky said Wednesday."
- VC Tim Draper Revealed as Silk Road Bitcoin Auction Winner - CoinDesk - "The announcement was released via a blog post on Medium issued by California-based bitcoin trading and storage startup Vaurum."
- Google Designer Dan Makoski to Join Capital One - Re/code.net (Ina Fried) - "Makoski, who had been head of design for the Project Ara modular smartphone effort, starts the new gig as VP of design for Capital One later this week."
- Why More Start-Ups Are Sharing Ideas Without Getting Legal Protection - New York Times - "But today the agreements are largely considered a thing of the past. In fact, some investors say they walk away from a founder who even suggests signing one."
On the Wires:
- GlobalCollect and its lead shareholder Welsh, Carson, Anderson & Stowe enter exclusive negotiations with Ingenico Group regarding the acquisition of GlobalCollect - “The planned acquisition by Ingenico Group is a perfect fit with GlobalCollect. Combining our global cross-border payment processing with Ingenico Group’s multi-channel services will create great opportunities for our clients, by reducing payment complexity across all channels and providing more payment alternatives to drive new sale opportunities. This is an exciting time to be in the payment industry and an even more exciting opportunity for GlobalCollect to be part of such a world class organization as Ingenico.“, said Thomas P. Staudt, Chief Executive Officer of GlobalCollect.
- NXP’s ‘Security Matters’ Survey Reveals Consumer Push for Secure Credit Card Technologies - "Overall sentiment reveals that while consumer confidence in credit card technologies remains high, Americans continue to demand better solutions that protect identity, personal information and financial data. With recent reports of compromises in security at Target, Neiman Marcus, PF Chang’s and other retailers, Americans are more likely to pay in cash following a security breach at large retailers, with the millennial age group (18 – 34 years of age) being the most likely to convert to cash (37 percent)."
Updates from Glenbrook:
- Glenbrook Payments Boot Camps: Aug 5-6 in San Jose, CA.; Oct 7-8 in Palo Alto, CA.; Oct 21-22 in New York City; Dec 9-10 in Palo Alto, CA.
- Money2020 has become the go-to event in payments. We'll be there in force... will you? Use this promo code to register "GLENBR20"
- The Kindle edition of our book "Payments Systems in the U.S. - Second Edition" - is now available in the Kindle Store as well as in an iBooks version for your iPad or Mac in the iBooks Store.
- Feedback: How are we doing for you? I'd love to hear from you - drop me a quick note: firstname.lastname@example.org or leave me a voicemail: +1.650.469.3421.
- Got news? Please forward press releases to: email@example.com.
- Need consulting help from Glenbrook for one of your payments projects? Let us know your needs here - and we'll get right back to you!
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