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February 08, 2017

Headline News from PaymentsNews.com - February 8, 2017

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

ON THE WEB

  • Javelin, Visa offer different takes on whether card fraud is moving online - CSO - "According to a report released last week by Javelin, card-not-present fraud went up 40 percent this year, but according to a new report from Visa, there has been no increase in online fraud."
  • Apple Pay Now Supported by 36% of Merchants in United States - MacRumors - "Apple Pay is now accepted by 36 percent of merchants in the United States, according to research conducted by retail consulting firm Boston Retail Partners and shared by NFC World. That's up from 16 percent last year."
  • Samsung to bring Mini version of Samsung Pay to all Android handsets - NFC World - "Samsung is to launch a pared-down version of Samsung Pay which will make the mobile payments service available on all Android handsets. The Samsung Pay Mini app will support certain features of the original platform, including membership, lifestyle, transportation and online payments, and will be available first in South Korea from the first quarter of 2017, the company says."
  • A rash of invisible, fileless malware is infecting banks around the globe - Ars Technica - "Now, fileless malware is going mainstream, as financially motivated criminal hackers mimic their nation-sponsored counterparts. According to research Kaspersky Lab plans to publish Wednesday, networks belonging to at least 140 banks and other enterprises have been infected by malware that relies on the same in-memory design to remain nearly invisible. Because infections are so hard to spot, the actual number is likely much higher."
  • Arizona Bill Would Make Blockchain Smart Contracts 'Legal' - Coindesk - "The bill is somewhat akin to another measure put forward in Vermont that would make blockchain records admissible as evidence in court. In both cases, state law is amended to create a kind of legal backing for blockchain-based information."
  • All CIOs Want For 2017…Is Unified Commerce - Retail Touch Points - "Unified commerce goes beyond omnichannel by enabling a single, holistic platform, combining in-store, mobile, e-Commerce and every other function throughout the enterprise. As such, it is quickly becoming the new retail imperative. While just 18% of retailers have implemented a unified commerce platform, another 57% plan to do so within three years."
  • Barclaycard, VocaLink enable merchants to accept mobile payments through Pay by Bank app - Contactless Intelligence - "Barclaycard is partnering with VocaLink to enable its merchants to accept mobile payments through Pay by Bank app. Pay by Bank app will allow shoppers to pay quickly and securely for goods and services on a mobile device, without the need to enter credit or debit card details. By using Pay by Bank app payment button at the point of purchase, customers can login to their mobile banking app which will seamlessly authorise and complete the transaction."
  • ‘Dark Web’ Sites Hit in Cyberattack - Wall Street Journal - "A network of websites used by hackers and others to anonymously share information has itself been hit by a cyberattack."
  • Banks are finally sprouting anew in America - Wall Street Journal - "President Donald Trump last week signed executive actions aimed at unwinding parts of the 2010 Dodd-Frank Act. Some in the financial industry hope reduced regulation will spur broader interest in starting community banks and, over time, more lending that will bolster economic growth."
  • How AI Will Become the Most Defining Technology for the Banking Industry - Let’s Talk Payments - "Artificial intelligence is here to stay, and 2017 will be about the adoption of ML/AI by the FinTech community and beyond. Experts agree that FinTech companies will harness this technology to make better decisions and offer improved solutions – they will make use of predictive analytics to break down big data and analyze large volumes of consumer information."

ON THE WIRES

  • Adyen Increases Transaction Volume to $90 Billion in 2016, Nearly Doubling Year-over-Year - "Adyen, the leading payments technology company, today announced the company increased transaction volume 80 percent year-over-year, totaling $90 billion in 2016. Adyen also made significant traction in the retail market, unveiling successful in-store and omnichannel payment solutions for customers like Tory Burch and Burberry."
  • Gartner Says 8.4 Billion Connected "Things" Will Be in Use in 2017, Up 31 Percent From 2016 - "Gartner, Inc. forecasts that 8.4 billion connected things will be in use worldwide in 2017, up 31 percent from 2016, and will reach 20.4 billion by 2020. Total spending on endpoints and services will reach almost $2 trillion in 2017. Regionally, Greater China, North America and Western Europe are driving the use of connected things and the three regions together will represent 67 percent of the overall Internet of Things (IoT) installed base in 2017."
  • Chase Pay and New Partners Bring Payment Convenience to Customers on the Go - "Chase customers will soon be able to use Chase Pay® while on-the-go with two new merchants – global restaurateur HMSHost and Parkmobile. HMSHost is the leading food and beverage provider for travel venues, while Parkmobile enables users to pay for parking in cities around the country through their app."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are in San Jose, CA, New York, NY, and Atlanta, GA. See our spring schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

UPDATES FROM GLENBROOK

  • Join us at the 2017 FinTech Georgia Symposium February 9! Glenbrook is a proud sponsor of the 2017 FinTech Georgia symposium. Join us for this great event on February 9 in Atlanta. Reach out to Glenbrook's Elizabeth McQuerry, a board member of the Technology Association of Georgia, to schedule a meeting with the Glenbrook partners in town for the symposium.
  • We're hiring! Passionate about payments? Love solving tough client problems? If that describes you, come join us! Click here to learn more!
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

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

February 07, 2017

Headline News from PaymentsNews.com - February 7, 2017

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

ON THE WEB

  • The Blockchain: Far from Where It Started in Use Cases - TSYS N>genuity Journal (contributed by Glenbrook’s George Peabody) - "Today's central insight is that blockchains are essentially a new database structure. They store every change to the database, including both the data itself and who controls the ability to modify that data. Because blockchain-based records cannot be altered, the database may be shared across multiple parties while maintaining integrity. And that database integrity can be automatically audited so trust between parties is more readily generated and maintained through transparency. These capabilities make blockchain-based databases appropriate for shared or distributed ledger applications."
  • ACH: No Trace Left Behind - FRB Take on Payments blog - "Under NACHA rules, the FI originating the payment assigns a unique 15-digit trace number; the trace number's uniqueness is necessary to differentiate each payment in the batch. Uniqueness is not mandated across payments in other batches in the same payments file. Consequently, a trace number could be repeated in multiple payment files on the same day or across many days—and, even more troublesome, within the same payments file. "
  • Bank of Nova Scotia, Investing in Digital Overhaul, Finds Power in AI - Wall Street Journal blog - "Working with Toronto-based startup DeepLearni.ng, Scotiabank developed and launched a tool in December that identifies potentially delinquent or high-risk customers and suggests the best way to approach them about it. Even a small improvement in collections can have a big impact on the bank’s bottom line, said Michael Zerbs, chief technology officer at Scotiabank. The challenge is to figure out the best way to interact with customers who may have simply forgotten to pay versus those less likely to pay at all."
  • Cofounders Exit Revel Systems Following a Fresh Investment from Welsh, Carson - Digital Transactions News - "The cofounders of Revel Systems, an early maker of iPad-based point-of-sale systems, have left the company following a fresh investment by private-equity firm Welsh, Carson, Anderson & Stowe, which has long been active in the payments industry."
  • BNP Paribas to double digital spending to EUR3 billion - Finextra - "BNP Paribas is to invest EUR3 billion in a three-year business plan to build the 'bank of the future'. The French bank is looking to generate EUR3.4 billion in savings between 2017 and 2019, slashing branches and raising its spend on digital initiatives by 50% over the period."
  • JCB PARTNERS WITH KAZKOMMERTSBANK TO BOOST CARD ACCEPTANCE IN KAZAKHSTAN - Cards International - "JCB International (JCBI), the international operations subsidiary of JCB, has teamed up with Kazakhstan-based commercial lender Kazkommertsbank (Qazkom) to facilitate JCB card acceptance in the country. The recent agreement is the result of strategic ties between Discover and JCB since 2006, which enabled JCB card acceptance on the Discover Network in the US, and Discover card acceptance on the JCB network in Japan."

ON THE WIRES

  • More than 33 Million Customers Have Used Amazon Payments to Make a Purchase - "Amazon today announced that more than 33 million customers have used Amazon Payments to make a purchase. Amazon Payments makes it easy for customers around the world to pay on thousands of merchant websites using the information already stored in their Amazon account. In 2016, Pay with Amazon payment volume nearly doubled, with expansions into France, Italy and Spain and new verticals including government payments, travel, digital goods, insurance, entertainment, non-profits and charities helping fuel this growth. Amazon Payments also introduced new in-store experiences with Moda Operandi and Amazon Books."
  • IBM Launches Blockchain Initiative with Dubai Government Agencies and Enterprises on IBM Cloud - "IBM is collaborating with Dubai Customs, Dubai Trade and its IT provider DUTECH, to explore the use of blockchain for a trade finance and logistics solution for the import and re-export process of goods in and out of Dubai. Using Hyperledger Fabric and IBM Cloud, the blockchain solution transmits shipment data allowing key stakeholders to receive real-time information about the state of goods and the status of the shipment. Taking the example of a shipment of fruit, stakeholders involved in the process will receive timely updates as the fruit is exported from India to Dubai by sea, and then manufactured into juice in Dubai, and then exported as juice from Dubai to Spain by air."
  • Where Are Bankers Targeting IT Investments? William Mills Agency’s Bankers as Buyers 2017 Report Now Available - "William Mills Agency, the largest independent public relations and marketing firm specializing in the financial industry, released its 14th annual financial services industry research report, #BankersAsBuyers 2017. Key trends in this year’s report include the continued evolution of payments technology, increased adoption of self-service and innovative branch automation technology, and further enhancements to mobile banking – all converging as part of an overlying strategy to improve the customer experience."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are in San Jose, CA, New York, NY, and Atlanta, GA. See our spring schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

UPDATES FROM GLENBROOK

  • Join us at the 2017 FinTech Georgia Symposium February 9! Glenbrook is a proud sponsor of the 2017 FinTech Georgia symposium. Join us for this great event on February 9 in Atlanta. Reach out to Glenbrook's Elizabeth McQuerry, a board member of the Technology Association of Georgia, to schedule a meeting with the Glenbrook partners in town for the symposium.
  • We're hiring! Passionate about payments? Love solving tough client problems? If that describes you, come join us! Click here to learn more!
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

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

February 06, 2017

Headline News from PaymentsNews.com - February 6, 2017

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

ON THE WEB

  • Payments in Real Time - Payments Views (Glenbrook’s Elizabeth McQuerry) - "It’s taken another three and a half years but in 2017, new payment systems are coming on line that will totally transform how many payments are made. Zelle and the new Real Time Payments rail from The Clearing House are joining contenders like PayPal."
  • Globalization failed too many people. Here’s the technology that could help it work for everyone - Quartz - "The challenge that lies ahead is how to make globalization (and, ipso facto, technology) work for everyone, not just privileged few. The blockchain, a decentralized ledger that verifies and permanently records transactions, may help us achieve this goal. In fact, the democratizing potential of this technology could be key to ushering in a new era of globalism."
  • Klarna buys BillPay, the PayPal of Germany, for $75M from Wonga - TechCrunch - "The sale is a sign of consolidation for both: Klarna — which gives customers one-touch payment services, as well as the option to pay immediately, pay in instalments or pay at delivery — is looking to build out a stronger presence across Europe in payments. Specifically, in this case, it’s augmenting an existing business in Germany, where this is Klarna’s third acquisition (it acqui-hired the team behind peer-to-peer payments app Cookies in October 2016; and it acquired Sofort in 2013 for $150 million)."
  • Mobile payments volume in US will triple by 2021: report - Mobile Commerce Daily - "Mobile payments volume in the US is expected to total $112 billion in 2016 and grow at 20 percent compound annual growth rate until it reaches $282 billion by 2021, according to a report from Forrester."
  • Apple accuses Australian banks of Apple Pay transaction fee ‘trojan horse’ - NFC World - "Australian banks are using fees on Apple Pay transactions as a “trojan horse” to discourage the use of its mobile payments service and to condition consumers to accept transaction fees with the “longer term view to setting a precedent for charging for mobile payments on other digital wallets,” Apple claims in its latest submission to the Australian Competition and Consumer Commission (ACCC)."
  • As Bitcoin ETF Nears, Analysts Warn of Trading Frenzy - Wall Street Journal - "As bitcoin ETF nears, analysts warn of trading frenzy - "An easily accessed ETF that tracks the value of bitcoin could cause money to flood into the fledgling bitcoin market, analysts say. Indeed, what some see as a chance for average investors to participate in one of the great financial innovations of recent years could set off a trading frenzy in an already wild market."
  • Mobile 2.0 - Benedict Evans - "Today, ten years after the iPhone launched, I have some of the same sense of early constraints and assumptions being abandoned and new models emerging. If in 2004 we had 'Web 2.0', now there's a lot of 'Mobile 2.0' around. If Web 2.0 said 'lots of people have broadband and modern browsers now', Mobile 2.0 says 'there are a billion people with high-end smartphones now'*. So, what assumptions are being left behind? What do you do differently if you assume not just the touch screen from 2007 but unlimited battery and bandwidth (around half of smartphone use in developed markets is on wifi and mobile networks are 10x faster), high-DPI screens, a CPU and GPU 100x faster than PCs in 1994, and lots of high-quality image sensors? "

ON THE WIRES

  • IHG® Notifies Guests of Payment Card Incident at 12 Properties in the Americas - "Findings show that malware was installed on servers that processed payment cards used at restaurants and bars of 12 IHG managed properties. Cards used at the front desk of these properties were not affected. The malware searched for track data (cardholder name, card number, expiration date, and internal verification code) read from the magnetic stripe of a payment card as it was being routed through the affected server. "
  • Shift4 Announces Unified Commerce Payments for Microsoft Dynamics 365 for Operations - "Shift4 partnered with Microsoft value-added distributor Retail Realm to develop a complete integration with Microsoft Dynamics 365 for Operations. The resulting Unified Commerce Payments extension provides retailers the flexibility to implement a secure, integrated payment solution across their entire enterprise – from storefronts to e-commerce, call center, fulfillment and more. "

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are in San Jose, CA, New York, NY, and Atlanta, GA. See our spring schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

UPDATES FROM GLENBROOK

  • Join us at the 2017 FinTech Georgia Symposium February 9! Glenbrook is a proud sponsor of the 2017 FinTech Georgia symposium. Join us for this great event on February 9 in Atlanta. Reach out to Glenbrook's Elizabeth McQuerry, a board member of the Technology Association of Georgia, to schedule a meeting with the Glenbrook partners in town for the symposium.
  • We're hiring! Passionate about payments? Love solving tough client problems? If that describes you, come join us! Click here to learn more!
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

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

February 03, 2017

Headline News from PaymentsNews.com - February 3, 2017

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

ON THE WEB

  • Republicans Introduce Resolution to Kill CFPB’s Prepaid-Card Rule - Wall Street Journal - "Republican lawmakers have introduced a resolution to repeal a new federal rule affecting prepaid cards, ramping up their effort to curb the authority of the Consumer Financial Protection Bureau."
  • The New Administration Brings Uncertainty But Also Optimism, Payments Experts Say - Digital Transactions News - "The new Trump administration injects much uncertainty into U.S. business, with payments being no exception, but a panel of experts on Thursday said the net result should be positive for at least the acquiring side of the market."
  • Alibaba Said to Lead $200 Million Funding for Paytm’s E-Commerce Unit - Business of Fashion - "China’s Alibaba Group Holding Ltd. will lead a $200 million round of investment in newly established Indian online retailer Paytm E-commerce Pvt, a person familiar with the matter said."
  • California Pizza Kitchen’s app touts mobile pay, rewards program - Mobile Commerce Daily - "The app takes cues from the fast casual sector Casual dining restaurant California Pizza Kitchen has retooled its CPK Pizza Dough Rewards Mobile App, which now offers mobile pay, ordering, past purchase history and a tip calculator. Developed in partnership with Paytronix, the enhanced application also makes it easier to earn, track and apply rewards from CPK’s Pizza Dough Rewards loyalty program."
  • Bluetooth bus ticketing trial lets passengers travel without buying a ticket - NFC World - "Bus passengers in northern England are trialling a mobile ticketing system that works with Bluetooth beacons placed on buses and at bus stops, and a smartphone app that tracks the user’s journey and then charges them the best-value price over the course of a day or week."
  • Contactless charity boxes to battle decline in cash donations - The Telegraph - "It comes in response to fears about the rise of the cashless society cutting off a lifeline for charities. Cash payments are declining rapidly in Britain thanks to contactless technology, which allows shoppers to quickly pay for a coffee or sandwich simply by tapping their card up to a limit of £30."

ON THE WIRES

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are in San Jose, CA, New York, NY, and Atlanta, GA. See our spring schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

UPDATES FROM GLENBROOK

  • Join us at the 2017 FinTech Georgia Symposium February 9! Glenbrook is a proud sponsor of the 2017 FinTech Georgia symposium. Join us for this great event on February 9 in Atlanta. Reach out to Glenbrook's Elizabeth McQuerry, a board member of the Technology Association of Georgia, to schedule a meeting with the Glenbrook partners in town for the symposium.
  • We're hiring! Passionate about payments? Love solving tough client problems? If that describes you, come join us! Click here to learn more!
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

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

February 02, 2017

Headline News from PaymentsNews.com - February 2, 2017

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

ON THE WEB

  • Mobile wallet spend to increase by more than 30pc this year: report - Mobile Commerce Daily - "“International mobile wallet companies like WeChat and Alipay certainly have the traction in a global market to contest PayPal’s 77+ percent U.S. market penetration — the big question is not if they will or are able to contest this, but when,” said Marci Troutman, CEO of SiteMinis. “With the current administration the U.S. market may hesitate to allow a significant penetration, but with a solid plan to nitch away at PayPal’s current penetration in full swing, and given the proposed number of visitors from China in 2017 to the U.S., a large bite could indeed be taken from PayPal in the next 8-10 years.”"
  • Barclaycard teams with VocaLink for mobile payments - Banking Technology - "By partnering with VocaLink, Barclaycard will work with its merchants to provide an ecommerce gateway – to authorise and process payments made through the app. This means that when a transaction is made, the payment is taken from the shopper’s bank account and deposited into the retailer’s account in “almost real time”. Whether users are registering for the first time or paying with a mobile, the app uses the bank’s own security methods to verify the user. In addition to the bank security, Pay by Bank app customers can see their account balances before they pay."
  • GlobalPlatform framework gives consumers control over their own secure element section - NFC World - "GlobalPlatform has released a new framework that gives consumers control over which secure applications can be used within part of the secure element (SE) of their trusted devices, without compromising security for the SE as a whole. The model “forms a blueprint for a move away from the issuer-centric model to putting the consumer in control”, the standards body says."
  • Law Firm Hogan Lovells Learns to Grapple with Blockchain Contracts - Wall Street Journal CIO Journal blog - "A blockchain distributed ledger may not replace all lawyers, but one firm is studying how the technology could eliminate many of the manual steps typically needed to execute contracts. New York City-based law firm Hogan Lovells is experimenting with so called smart contracts and exploring the legal and organizational issues raised by the agreements executed automatically using blockchain."

ON THE WIRES

  • Masterpass by Mastercard Expands Payment Options for Thousands of Merchants - "Mastercard today announced that Masterpass is now accepted at more than 10,000 small- and medium-sized merchants leveraging Sage Payment Solutions, a value added payment solution provided by Sage North America. The partnership enables merchants to leverage Masterpass to provide the speed, simplicity and security of digital payments to their customers."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are in San Jose, CA, New York, NY, and Atlanta, GA. See our spring schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

UPDATES FROM GLENBROOK

  • Join us at the 2017 FinTech Georgia Symposium February 9! Glenbrook is a proud sponsor of the 2017 FinTech Georgia symposium. Join us for this great event on February 9 in Atlanta. Reach out to Glenbrook's Elizabeth McQuerry, a board member of the Technology Association of Georgia, to schedule a meeting with the Glenbrook partners in town for the symposium.
  • We're hiring! Passionate about payments? Love solving tough client problems? If that describes you, come join us! Click here to learn more!
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

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

February 01, 2017

Headline News from PaymentsNews.com - February 1, 2017

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

ON THE WEB

  • Payments 2017 – One Month In - Glenbrook’s Payments Views (George Peabody) - "Now that 2017 is underway, it’s clearer that prospects for 2017 include increasing tectonic activity that will be rough or smooth depending upon which side of the tectonic plate you are standing on."
  • Apple Q1: Apple Pay users tripled, transaction volume up 500% YOY, Comcast adding support for bill payments - 9to5Mac - "Cook confirmed that the number of Apple Pay users has tripled over the last year while noting billions in transactions during the December quarter alone. Transaction volume is up 500% year over year, according to the company, and the service is now in a total of 13 markets following recent launches in new countries abroad. For Apple Pay on the web, which allows the payments service to be integrated with website checkouts, Apple noted that over 2 million small businesses— and soon Comcast— are now accepting invoice payments with the service."
  • Ripple lands first Middle Eastern bank - Finextra - "The National Bank of Abu Dhabi (NBAD) has become the first bank in the Middle East to use the Ripple protocol for cross-border payment transactions, joining a growing list of banks around the world adopting the technology."
  • Chain Previews New Blockchain Privacy Tech 'Confidential Assets' - Coindesk - "Chain is seeking to provide a solution for blockchain privacy that would protect information about accounts, account history and asset privacy."
  • Coin will shut down its product services at the end of February - TechCrunch - "Fitbit has made its plans for Coin clear since it bought the mobile payment company back in May of last year. At the time, the wearable maker announced that it was shutting down the Coin Developer Program, though cards would remain active until their batteries finally gave up the ghost."

ON THE WIRES

  • Chargebacks911 and ACI Worldwide Combat £80 billion in Global Chargebacks - "Chargebacks911™, a Global Risk Technologies company and an internationally-renowned leader for risk mitigation, has today announced a new collaboration with ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions. This alliance will enable more merchants to access the services they need to successfully fight illegitimate chargebacks."
  • Evolve IP Completes PCI DSS Validation on the Evolve IP Compliance CloudTM - "Evolve IP, The Cloud Services Company™, today announced that it has achieved Payment Card Industry (PCI) Data Security Standard (DSS) compliance covering all 12 sections of the PCI DSS. The validation is part of the Evolve IP's ongoing development of the Evolve IP Compliance CloudTM which also supports compliance for HIPAA and ITAR, as well as SSAE 16 SOC II. The company expects to be certified for HITRUST compliance and FFIEC compliance in Q2 of 2017."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are in San Jose, CA, New York, NY, and Atlanta, GA. See our spring schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

UPDATES FROM GLENBROOK

  • Join us at the 2017 FinTech Georgia Symposium February 9! Glenbrook is a proud sponsor of the 2017 FinTech Georgia symposium. Join us for this great event on February 9 in Atlanta. Reach out to Glenbrook's Elizabeth McQuerry, a board member of the Technology Association of Georgia, to schedule a meeting with the Glenbrook partners in town for the symposium.
  • We're hiring! Passionate about payments? Love solving tough client problems? If that describes you, come join us! Click here to learn more!
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

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

January 31, 2017

Headline News from PaymentsNews.com - January 31, 2017

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

ON THE WEB

  • MASTERCARD WINS LEGAL BATTLE OVER INTERCHANGE FEES IN UK - Cards International - "MasterCard has won a legal battle against the UK retailers including Asda, Morrison, New Look and Next over its interchange fees levied on the use of debit and credit cards. The retailers accused MasterCard for overcharging the interchange payments paid by shops to credit and debit card issuers when customers purchase goods using their cards."
  • PURCHASES, PAYMENTS & BANKING AROUND THE WORLD - Mobile Ecosystem Forum mobile money report - "MEF’s global consumer study series looks at the habits and attitudes of nearly 6000 consumers in nine countries. The Mobile Money Report supported by Wirecard found 78% of people surveyed had made a purchase by mobile in the previous six months and looks at the types of payments and banking activities in both developed and emerging markets that are changing m-commerce habits and driving adoption of mobile money."
  • GREEN DOT TO BUY UNIRUSH FOR $147M - Cards International - "Green Dot has signed an agreement to purchase UniRush and its operating businesses RushCard and Rapid! PayCard in a transaction valued at approximately $147m. Additionally, Green Dot will pay a minimum $4m annual earn-out payment for five years after completion of takeover, thereby bringing the total cost of the acquisition to $167m."
  • Square Wants to Make Mobile Payments Ubiquitous With Apple Pay - Bloomberg - "Square Inc. is giving merchants more than $12,000 worth of Apple Pay transactions for free over a year, another effort by the company to encourage consumers to pay for quick retail transactions with their mobile phones."
  • Indonesian Ride-Hailing Unicorn Go-Jek Accelerates Digital Payments - eMarketer - "With a valuation of about $1.3 billion, Go-Jek has emerged as one of Indonesia's largest and most promising internet services company. The service boasts almost 30 million app downloads and has some 250,000 drivers working for it. Go-Jek has demonstrated a strong appeal for city residents who use it to hire motorbike taxis, which are faster than cars when dealing with widespread urban gridlock."

ON THE WIRES

  • Fugitive Arrested In $200 Million Credit Card Fraud Scam - "The scheme involved a three-step process in which the defendants would make up a false identity by creating fraudulent identification documents and a phony credit profile with the major credit bureaus; pump up the credit of the false identity by providing bogus information about that identity’s creditworthiness; then borrow or spend as much as they could without repaying the debts. The scheme caused more than $200 million in confirmed losses to businesses and financial institutions."
  • Sionic Mobile Launches The Mobile Rewards Marketplace™ - "Sionic Mobile today announced the launch of a fully digital, Mobile Rewards Marketplace for small-to-medium sized business merchants (SMBs) and large chain retailers. Available early February, the Marketplace for SMBs is powered by the company's award-winning ION Commerce Engine™ (ICE) and features speedy sign up, low-cost, bulk-rate mobile payments, merchant controlled rewards and untethered reach to millions of big-brand Mobile Rewards App consumers."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are in San Jose, CA, New York, NY, and Atlanta, GA. See our spring schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

UPDATES FROM GLENBROOK

  • Join us at the 2017 FinTech Georgia Symposium February 9! Glenbrook is a proud sponsor of the 2017 FinTech Georgia symposium. Join us for this great event on February 9 in Atlanta. Reach out to Glenbrook's Elizabeth McQuerry, a board member of the Technology Association of Georgia, to schedule a meeting with the Glenbrook partners in town for the symposium.
  • We're hiring! Passionate about payments? Love solving tough client problems? If that describes you, come join us! Click here to learn more!
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

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

January 30, 2017

Headline News from PaymentsNews.com - January 30, 2017

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

ON THE WEB

  • PayPal’s mobile payments volume sees 55% increase in 2016 - NFC World - "The company processed US$31bn in mobile payment volume during the fourth quarter, representing a 53% increase on the same period in 2015. The PayPal-owned Venmo mobile payments app processed $5.6bn in total payment volume, up 126% from the same period the year before."
  • Starbucks unveils a virtual assistant that takes your order via messaging or voice - TechCrunch - "Starbucks is embracing the trend towards voice-based computing with the launch of a new feature in its mobile app called My Starbucks barista, which allows customers to order and pay for their food and drinks just by speaking. This includes being able to modify their drink order, as if they were speaking with a barista in real life. Additionally, the company is launching a skill for the Amazon Alexa platform, which lets customers re-order their favorite items by speaking to their Echo speaker or other Alexa-powered device."
  • Bosch, Cisco, Gemalto and More: Tech Giants Team Up For Blockchain-IoT - Coindesk - "It’s big news that a group of Fortune 500 companies from the hardware and software industries is joining with a team of blockchain startups to develop a protocol that will connect the dots between IoT devices and blockchain technology. The initiative was born out of the New Horizons: Blockchain x IoT Summit in Berkeley, California, in December 2016 – a meeting that brought together startups Ambisafe, BitSE, Chronicled, ConsenSys, Distributed, Filament, Hashed Health, Ledger, Skuchain and Slock.it, and major corporations BNY Mellon, Bosch, Cisco, Gemalto and Foxconn."
  • 27 pc of all Starbucks transactions last quarter came from mobile pay - Mobile Commerce Daily - "Starbucks saw a sizable jump in mobile transactions in the first quarter of this financial year, with mobile orders jumping from three percent to seven percent of all transactions. The news comes amid general optimism for the brand’s mobile efforts. In addition to the figures relating to mobile orders and mobile payment, Starbucks is also introducing a chatbot ordering system as well."
  • CITIGROUP ADDS CREDIT CARD SCANNING FEATURE TO MOBILE APP - Cards International - "The new ability will allow US Citi credit cardholders to scan their cards using their mobile device’s in-built camera when activating in the mobile app after which the card account number will populate within the registration. Following the completion of card account number scanning, cardholders will have to input their CVV, date of birth and last four digits of their SSN to activate their card."

ON THE WIRES

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are in San Jose, CA, New York, NY, and Atlanta, GA. See our spring schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

UPDATES FROM GLENBROOK

  • Join us at the 2017 FinTech Georgia Symposium February 9! Glenbrook is a proud sponsor of the 2017 FinTech Georgia symposium. Join us for this great event on February 9 in Atlanta. Reach out to Glenbrook's Elizabeth McQuerry, a board member of the Technology Association of Georgia, to schedule a meeting with the Glenbrook partners in town for the symposium.
  • We're hiring! Passionate about payments? Love solving tough client problems? If that describes you, come join us! Click here to learn more!
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

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

January 27, 2017

Headline News from PaymentsNews.com - January 27, 2017

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

ON THE WEB

  • The year of chip: U.S. shows strong growth in 2016 - Visa blog - "During 2016, the number of Visa chip cards issued in the U.S. increased by 92 percent, totaling 408.1 million cards. In addition, the number of merchants who implemented chip-enabled terminals more than doubled, totaling 1.81 million. This represents 39 percent of all merchant locations— with 82 percent of them being small- and medium-sized businesses—and 49 percent of total payment volume. "
  • Solving the Card Not Present false decline puzzle - Payments Cards & Mobile - "In recent years, the payments industry has started to view the growing Card Not Present fraud problem through an entirely different lens. Card Not Present Key findingsToday, the overwhelming consensus is that the Card Not Present fraud problem, while increasingly costly, ultimately drives a much larger card acceptance problem."
  • PayPal Has Been Talking With Amazon on Payments, CEO Says - Bloomberg - "Amazon.com Inc. and PayPal Holdings Inc. have discussed letting shoppers pay for Amazon purchases using their PayPal accounts, highlighting how PayPal can attract new partners since its 2015 split from Amazon rival EBay Inc."
  • Starbucks must ease mobile order pileup to get customers in line - Reuters - "Starbucks' coffee shops are suffering from a feared consequence of the mobile revolution: the digital world can dump an avalanche of orders in a short period of time, creating delays and lines that scare away customers."
  • Venezuelan officials arrest four Bitcoin miners on charges of stealing electricity - Ars Technica - "Reason magazine published an article a few months ago detailing how, amid the collapse of Venezuela’s economy, people are turning to Bitcoin mining as a way to stay afloat. The country’s government heavily subsidizes electricity to the point where it costs about $0.02/kWh according to research project ClimateScope, so electricity-intensive Bitcoin mining sees a better return on investment in Venezuela than it might in a country with more expensive electricity."

ON THE WIRES

  • Chinese New Year Gift-Giving goes Mobile & Gamified in the USA - "Today, the Surpriise App (www.surpriise.me), a digital gift giving app recently featured on the Ellen Degeneres Show and Live with Kelly, launched a new feature that allows users to send these envelopes of money to each other electronically. Givers must first download the app then they can send specified amounts of money (in the form of a PayPal money transfer or a digital Pre-Paid Visa card) to a group of friends in their contact list and put the cash up for grabs to the first person who beats a high score in one of 3 fun mini-games. "

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are in San Jose, CA, New York, NY, and Atlanta, GA. See our spring schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

UPDATES FROM GLENBROOK

  • Join us at the 2017 FinTech Georgia Symposium February 9! Glenbrook is a proud sponsor of the 2017 FinTech Georgia symposium. Join us for this great event on February 9 in Atlanta. Reach out to Glenbrook's Elizabeth McQuerry, a board member of the Technology Association of Georgia, to schedule a meeting with the Glenbrook partners in town for the symposium.
  • We're hiring! Passionate about payments? Love solving tough client problems? If that describes you, come join us! Click here to learn more!
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

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

January 26, 2017

Headline News from PaymentsNews.com - January 26, 2017

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

ON THE WEB

ON THE WIRES

  • Cubic and Transport for London Recognized for Innovation at London First Awards - "Cubic Transportation Systems (CTS), a business unit of Cubic Corporation (NYSE:CUB), and Transport for London (TfL) received the “London First Award for Innovation” at the London First Awards for bringing contactless bankcard technology to public transit in the capital. This is the ninth major award since 2015 recognizing Cubic and TfL’s contactless payment system."
  • Total Merchant Services Offers Free, Cutting-Edge Payment Processing Solutions for Businesses of All Types - "Total Merchant Services, a leader in payment services and solutions, today announced the expansion of its free equipment program to encompass the company's entire family of products, including readers, terminals and new point of sale (POS) systems. Through the new program, businesses of any type or stage of development can receive free, cutting-edge payment processing equipment appropriate for their needs. Businesses simply open a new payment processing account with the company or switch from another provider, and Total Merchant Services will provide free use of processing equipment – from mobile credit card readers to complete point of sale (POS) solution bundles including software, tablet, cash drawer, receipt printer, stand and EMV/NFC payment device. "

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are in San Jose, CA, New York, NY, and Atlanta, GA. See our spring schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

UPDATES FROM GLENBROOK

  • Join us at the 2017 FinTech Georgia Symposium February 9! Glenbrook is a proud sponsor of the 2017 FinTech Georgia symposium. Join us for this great event on February 9 in Atlanta. Reach out to Glenbrook's Elizabeth McQuerry, a board member of the Technology Association of Georgia, to schedule a meeting with the Glenbrook partners in town for the symposium.
  • We're hiring! Passionate about payments? Love solving tough client problems? If that describes you, come join us! Click here to learn more!
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

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

January 25, 2017

Headline News from PaymentsNews.com - January 25, 2017

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

ON THE WEB

  • Banks and Credit Unions Expect Bigger Tech Budgets in 2017 - Wall Street Journal CIO Journal blog - "A majority of community-based financial institutions expect technology spending to grow 1% to 10% in 2017 from last year as they look to improve the utilization of technology across digital banking, customer relationship management and IT systems, a new survey says."
  • Thai Digital-Payment System May Save Banks $2 Billion - Bloomberg - "Thailand is due to roll out a national digital-payment system that levies much smaller transaction fees than the nation’s banks. Yet lenders expect the network to help rather than hinder them financially. Commercial banks could save some 77 billion baht ($2.18 billion) in the next 10 years as the so-called PromptPay service curbs the use of cash, according to Thai Bankers’ Association Chairman Predee Daochai. That will exceed the revenue loss from money transfers and payments by 20 billion baht, he said."
  • J.P. Morgan, Intuit Give Mint, TurboTax Customers Wider Access to Bank Data - Wall Street Journal - "J.P. Morgan Chase & Co. and Intuit Inc. have ended a long standoff with a new agreement to let the bank’s customers check account information on the technology firm’s sites without sharing their Chase passwords. The nation’s largest bank struck the deal with the owner of Mint.com, TurboTax Online and QuickBooks Online in an effort to ease tension with operators of increasingly popular personal-finance websites and applications, the companies said. "
  • UNITED AIRLINES TO ACCEPT UNIONPAY CREDIT CARDS FOR ONLINE TICKET BOOKING - Cards International - "United Airlines, UnionPay International and Planet Payment have teamed up to facilitate UnionPay credit card acceptance with the airlines for reservations and other ticketing purchases online and through call centres. The first phase of this launch will support the acceptance of UnionPay credit cards while acceptance of UnionPay Debit cards expected will be introduced at a later date."
  • Fintech sector needs more regulatory oversight: Bundesbank - Reuters - "Financial technology companies require greater oversight because they have the potential to disrupt the banking industry and could threaten financial stability, Bundesbank President Jens Weidmann said on Wednesday. So-called Fintechs typically use advances in technology to provide cheap and easy-to-access services, from transfers and trading to crowdfunding, operating largely outside of banking regulations. "Getting a clearer picture of fintechs' business activities is essential if we are to better understand whether and in what way they might pose a threat to financial stability," said Weidmann, who sits on the European Central Bank's Governing Council."
  • Biller Bill-Pay Sites Crush Bank Sites While Both Camps Look to Faster-Payment Offerings - Digital Transactions News - "In the battle over online bill payments, biller sites have been beating bank and third-party sites handily, but now the battle has turned into a rout. Biller sites accounted for fully 73% of online bills paid by consumers last year, up from 62% in 2010, according to a report released Tuesday by Boston-based research firm Aite Group and sponsored by Naples, Fla.-based payments-technology vendor ACI Worldwide Inc."
  • Google brings HCE payments to Android Wear 2.0 - NFC World - "Google is adding support for host card emulation (HCE) based NFC payments to smartwatches in Android Wear 2.0, the new version of its operating system for smartwatches which is scheduled to be released in early February 2017."
  • PayPal users can now deposit cash at any 7-Eleven - Mobile Commerce Daily - "“By allowing consumers to buy a card with cash and then use it to pre-load a PayPal account, they give consumers a safe, secure ‘bank’ with instant access via any of the 15 Million stores that that accept PayPal, whether that’s online or in-store. The 7-Eleven shopper demographic is one that is perhaps less likely to have a PayPal account already, so this move also drives more sign-ups to PayPal, who see a transaction fee from merchants when PayPal is used to pay for things.”"
  • Smartphone screen size linked to e-commerce sales uplift - ComputerWeekly - "Sean McGee, director of e-commerce at Schuh, said screen size is what matters, with uplifts in e-commerce sales correlating with the introduction of larger screen smartphones. “The bigger the screen, the better the conversion rate,” he added. According to IMRG’s index, sales from mobile devices lifted with the introduction of the iPhone 6 in 2014. Samsung similarly lifted mobile e-commerce sales in 2016."

ON THE WIRES

  • Zoho Launches Checkout; Empowers Businesses to Collect Online Payments with Ease - "Zoho, the leading cloud-based business operating system, today unveiled Zoho Checkout, a payments solution that allows businesses to create customized, secure checkout pages without requiring the technical expertise traditionally needed to set up checkout pages. Ideal for businesses of all sizes and across industries, Zoho Checkout delivers flexible payment options, real-time analytics, and customizable design. Zoho Checkout is the latest addition to the Zoho Finance Suite, one of the most comprehensive cloud-based financial applications in the market today."
  • Piggy, a New Automatic Coupon and Cashback Rewards Service, Makes Saving Money and Earning Rewards Dead Simple - "Everyone loves to save money, but it takes a lot of time and effort to search for available discounts and coupons before making online purchases. Piggy, a new coupon and cashback rewards service, changes that with patent-pending browser extensions that make savings automatic and simple. A free, 5-star rated browser add-on that works on Google Chrome, Safari and Firefox, Piggy scours the internet for the best deals and coupons for more than 2,000 major retailers, automatically adds discounts to the user's cart at checkout and gives customers cashback rewards on their purchases."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are in San Jose, CA, New York, NY, and Atlanta, GA. See our spring schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

UPDATES FROM GLENBROOK

  • Join us at the 2017 FinTech Georgia Symposium February 9! Glenbrook is a proud sponsor of the 2017 FinTech Georgia symposium. Join us for this great event on February 9 in Atlanta. Reach out to Glenbrook's Elizabeth McQuerry, a board member of the Technology Association of Georgia, to schedule a meeting with the Glenbrook partners in town for the symposium.
  • We're hiring! Passionate about payments? Love solving tough client problems? If that describes you, come join us! Click here to learn more!
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

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

January 24, 2017

Headline News from PaymentsNews.com - January 24, 2017

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

ON THE WEB

  • Guaranteed Fraud Prevention Solutions: Maybe Some Things in Life Are Guaranteed? - Payments Views (Glenbrook’s Chris Uriarte) - "I’ve had the pleasure of working in the e-commerce fraud prevention space since the late nineties and, just as e-commerce has significantly evolved over the better part of two decades, the way merchants battle fraud has changed substantially. Fraudsters have kept merchants on their toes and the industry has responded. We now have a host of new tools, technologies and techniques to assist merchants with a growing fraud problem that always seems to be one step ahead of what the “good guys” can keep up with. "
  • Rail passengers pilot Bluetooth and geolocation service for ticket-free travel - NFC World - "Passengers on UK rail company Chiltern Railways will soon be able to travel without tickets using a service integrating a mobile app with Bluetooth and geolocation services, which will track commuters throughout their journey, give them access through ticket barriers and automatically charge them the best price for the route taken."
  • Tesco rolls out PayQwiq payment app across UK estate - RetailWeek - "The supermarket giant has made its PayQwiq service available in every UK store, including its Extra, Metro and Express formats, following “positive feedback” from shoppers during an initial trial."
  • 2016: The year of the mobile banking app - Payments Cards and Mobile - "2016 may be the year of the mobile banking app. This is according to the TSYS UK m-payment and P2P payment consumer study, which found that 56% of consumers used their mobile to access banking services more than once a month. This is an increase of 12% on last year’s figures, which showed consumers either used m-banking a lot or not at all."
  • European payment methods - Stripe blog - "Today, we’re introducing support for five popular payment methods for European businesses: Bancontact, Giropay, iDEAL, SEPA Direct Debit, and SOFORT. You can activate these payment methods from your Dashboard. Additionally, European businesses can now enable 3D Secure for their customers."
  • Quicken to Leverage PayNearMe’s Prism API - Finovate - "Cash billpay service PayNearMe announced last week its Prism API is powering bill presentment for Quicken. By leveraging the Prism API, Quicken can provide its customers with real time bill and account visibility. "
  • Study: Home Depot, Macy's, Nordstrom Provide Best In-Store Mobile Experiences - Retail Touch Points - "“2015 saw a dramatic shift in retailers’ awareness of the potential to enhance the in-store experience for shoppers by leveraging their mobile devices,” said Jay Sunny Bajaj, Founder and CEO of DMI in a statement. “This year’s survey reveals that retailers who are investing in an enhanced in-store shopping experience are heading in the right direction, but there is still a significant gap between the haves and the have-nots. Those who provide a quality mobile experience will create the loyalty and market share so critical to retail success.”"
  • Mobile search correlates to higher purchase conversion rate - Mobile Commerce Daily - "Customers who search for products on mobile are 57 percent more likely to visit a store and 51 percent more likely to make a purchase, suggesting that understanding mobile shopping and search behavior is more important than ever, according to Nielsen numbers cited by an ecommerce executive."

ON THE WIRES

  • CSI’s 2017 Banking Priorities Study: More Than Half of Bankers Expect to Increase Spending on Customer Experience Initiatives - "Heading into 2017, customer experience will be a high priority among financial institutions, according to Computer Services, Inc.’s (CSI) (OTCQX: CSVI) annual banking priorities survey. More than half of the respondents (55 percent) plan to increase spending on customer experience initiatives in 2017, and nearly half (47 percent) cited using omnichannel technologies to attract new customers as their top opportunity."
  • CPI Card Group and Proxama Announce Strategic Relationship - "Proxama PLC (AIM: PROX), the international digital and mobile commerce company specialising in end-to-end payment solutions for card issuers and processors, is delighted to announce a joint agreement with CPI Card Group (Nasdaq: PMTS, TSX: PNT), a global leader in financial and EMV chip card production and related services, to deliver innovative financial and payments products to CPI’s growing North American customer base."
  • Star Micronics, with Elo and E-Nabler Corp., Introduces New Integrated mPOS Solution - "Star Micronics, the global industry leader in POS printer solutions, has announced that Elo, a global supplier of touchscreen solutions, and e-Nabler Corp., developer of the award-winning eMobilePOS software have together certified a fully integrated mPOS solution. The solution includes the Elo I-Series for Android tablet running eMobilePOS atop the new Elo mPOS printer flip stand that houses a Star Micronics printer. The space-saving, full-feature POS with commercial-grade durability is well-suited for retail, hospitality, venues, and more."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are in San Jose, CA, New York, NY, and Atlanta, GA. See our spring schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

UPDATES FROM GLENBROOK

  • Join us at the 2017 FinTech Georgia Symposium February 9! Glenbrook is a proud sponsor of the 2017 FinTech Georgia symposium. Join us for this great event on February 9 in Atlanta. Reach out to Glenbrook's Elizabeth McQuerry, a board member of the Technology Association of Georgia, to schedule a meeting with the Glenbrook partners in town for the symposium.
  • We're hiring! Passionate about payments? Love solving tough client problems? If that describes you, come join us! Click here to learn more!
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

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

January 23, 2017

Headline News from PaymentsNews.com - January 23, 2017

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

ON THE WEB

  • Banking to Help Alibaba-Backed Paytm Lure 500 Million Users - Bloomberg - "Indian digital-payments provider Paytm intends to launch its banking operations within two months, a move that would bolster its push to sign up more than a third of India’s 1.3 billion people as customers, according to its chief financial officer."
  • China mobile payment usage up 31% in 2016 - Mobile World Live - "Almost 68 per cent of China’s mobile phone users used their handsets to make payments in 2016, official sources in the country reported. A self-titled annual report by the China Internet Network Information Center – an agency of the Ministry of Industry and Information (MIIT) – revealed 469 million people used mobile payments in the country during 2016, a year-on-year rise of 31 per cent. "
  • IZETTLE, UNIONPAY TO BOOST CARD ACCEPTANCE FOR EUROPEAN SMES - Cards International - "Swedish mobile point-of-sale start-up iZettle has partnered with UnionPay International, a global subsidiary of China's only domestic bank card organisation UnionPay, to boost its card acceptance for SMEs in European market."
  • Technology will help—and hurt—bank results, studies say. - Wall Street Journal - "Some banks may be turning big profits this quarter. But they will have to spend a lot of money in a gamble to stay profitable as technology encroaches, according to new set of studies."
  • Blockchain Wallets Are Coming (Maybe Soon) to a Car Near You - Coindesk - "It's no secret cars have become more connected, but a new concept from a trio of big-name institutions is taking today's futuristic ideas further with a new blockchain prototype that envisions how transportation could be driven by automated payments. That's the vision behind a new blockchain project called Car eWallet, developed jointly by German auto parts maker ZF Friedrichshafen, the innogy Innovation Hub (a spin-off of german utility giant RWE) and Swiss Bank UBS."
  • The corner bank in the cloud - Mobile Commerce Daily - "One way outsiders have attacked the banks is via payment services. Payment aggregators have worked hard to become the go-to consumer wallet. PayPal, Amazon, Walmart and ApplePay have all battled for shopper mindshare, disintermediating the bank and bank partners wherever they are able. Disintermediating the bank’s daily cash relationship with the consumer hurts. Chase launched QuickPay to try to compete and woo digital consumer back. United States big banks banded together with a money-transfer service called Zelle."
  • Amazon is crushing Walmart, eBay, and Target in the growing mobile shopping space - Business Insider - "According to a new note published by Oppenheimer this week, Amazon's lead in the mobile shopping space is growing by a wide margin, tripling the number of US unique visitors to its mobile app over the past two years. Meanwhile, its biggest competitors like Walmart, eBay, and Target saw almost no growth in the same time span."

ON THE WIRES

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are in San Jose, CA, New York, NY, and Atlanta, GA. See our spring schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

UPDATES FROM GLENBROOK

  • Join us at the 2017 FinTech Georgia Symposium February 9! Glenbrook is a proud sponsor of the 2017 FinTech Georgia symposium. Join us for this great event on February 9 in Atlanta. Reach out to Glenbrook's Elizabeth McQuerry, a board member of the Technology Association of Georgia, to schedule a meeting with the Glenbrook partners in town for the symposium.
  • We're hiring! Passionate about payments? Love solving tough client problems? If that describes you, come join us! Click here to learn more!
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

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

January 20, 2017

Headline News from PaymentsNews.com - January 20, 2017

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

ON THE WEB

  • Retailers Turn to Silicon Valley to Lure Customers - Wall Street Journal - "In the age of Amazon.com Inc., other retailers are scrambling to find a way to keep consumers shopping on their sites and in stores. The trick? Personalization, via data and tech."
  • With Help From Contactless, E-Payments Globally Could Be Taking a Bite out of Cash - Digital Transactions - "The digital-payments revolution may finally be poised to relegate cash to the sidelines of finance. Worldwide, 471 billion so-called cashless transactions flowed through payments networks in 2015, a 52% increase since the end of 2011 and up 13% over 2014, according to numbers released this week by Retail Banking Research Ltd."
  • Singapore commuters to get NFC-enabled transport payment wearables - NFC World - "Commuters in Singapore will soon be able to pay for public transport using an NFC-enabled fitness tracker or smartwatch linked to their EZ-Link transit card. The devices will allow for “fast, convenient and reliable” contactless payments on public transport and at more than 30,000 EZ-Link acceptance points, the card issuer says."
  • On-the-Go Ordering our biggest operational change since drive-thru: Dunkin’ Donuts exec - Mobile Commerce Daily - "The Dunkin Donuts exec provided a number of lessons learned from the company’s excursion into a mobile-centric approach in her “Mobile Meets Coffee” keynote, and explained the motivation behind the coffee purveyor’s use of mobile to stay competitive across its more than 8,000 stores in the United States. Much of the motivation behind building a stronger intersection between CRM and loyalty is to reduce friction for customers."
  • US data breaches increase 40 percent in 2016 - Payments Cards & Mobile - "The number of US data breaches tracked in 2016 hit an all-time record high of 1,093, according to a new report released today by the Identity Theft Resource Center (ITRC) and CyberScout (formerly IDT911)."

ON THE WIRES

  • LocoMobi Awarded Chicago Skyway Toll Bridge to Deploy Payment and Control Applications - "The Chicago Skyway Toll Bridge serves over 14 million customers per year. LocoMobi's world-leading license plate recognition technology will be the backbone of the new payment system, so that each vehicle is processed and easily tracked in real-time for revenue control purposes. LocoMobi's system will allow for a variety of innovative payment options including credit/debit/pin/chip card payment as well as mobile and Tap-and-Go payment."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are in San Jose, CA, New York, NY, and Atlanta, GA. See our spring schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

UPDATES FROM GLENBROOK

  • Join us at the 2017 FinTech Georgia Symposium February 9! Glenbrook is a proud sponsor of the 2017 FinTech Georgia symposium. Join us for this great event on February 9 in Atlanta. Reach out to Glenbrook's Elizabeth McQuerry, a board member of the Technology Association of Georgia, to schedule a meeting with the Glenbrook partners in town for the symposium.
  • We're hiring! Passionate about payments? Love solving tough client problems? If that describes you, come join us! Click here to learn more!
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

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

January 19, 2017

Headline News from PaymentsNews.com - January 19, 2017

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

ON THE WEB

  • Western Union settles U.S. money laundering allegations for $586 mln - Reuters - "Western Union Co agreed to pay $586 million and admitted to turning a blind eye as criminals used its service for money laundering and fraud, the U.S. Department of Justice and the Federal Trade Commission said in statements on Thursday."
  • Rabobank readies for real-time payments - Finextra - "Rabobank is preparing for the advent of European real-time payments with the implementation of a new payments hub from ACI Worldwide. With the onset of new instant payment schemes across Europe imminent, the Dutch co-operative has been shopping around for a real-time payments hub capable of handling domestic NL instant payments processing as well as pan-European instant payments. Available via a SaaS delivery model or on-premise, ACI’s UP Immediate Payments provides connectivity and processing for the local and pan-European Sepa Instant Credit Transfer schemes (SCT Inst)The product features enhanced functionality specifically for the management and processing of real-time payments, including exceptions handling, business intelligence and monitoring dashboards. "
  • WeChat's App Revolution - "The biggest long-term threat to the iPhone isn't Android, Samsung Electronics Co. or China's bevy of cheap phone makers. Instead, it's a deceptively simple idea: Apps work better if you embed them in a single program, rather than let them proliferate across your home screen. WeChat, China's leading social media app, just launched a new platform with exactly that idea in mind. It has the potential to reconfigure smartphones as radically as anything since the first iPhone was released."
  • Obama Administration Issues a Fintech Policy Whitepaper - Lexology - "The whitepaper highlights how the U.S. remains the global leader in FinTech as measured by total investments, but that the U.S. government needs to continue to develop a FinTech policy strategy that appropriately balances advancements in the sector, consumer protection, economic growth, and other policy outcomes."
  • Twitter is phasing out the “Buy” button, will continue to offer donations - TechCrunch - "Twitter is now gradually winding down the “Buy” button, and with it the partnerships that it forged to bring in retailers and other businesses to use them. At the same time, Twitter will continue to offer a “Donate” button to give to charitable causes and other nonprofits, which Twitter will offer directly."

ON THE WIRES

  • Apriva and Metric Parking Usher in Future of Parking Payments with Latest EMV-Certified Unattended Solution - "Apriva, the leading provider of secure end-to-end wireless transaction processing solutions, and Metric Parking, a leader in parking and ticketing payment solutions, announced today that they have completed EMV integration and certification on the strongest unattended EMV payment solution in the U.S. to date. The certification spans all major card brands, including Visa, MasterCard, American Express and Discover, enabling the use of EMV chip card technology over Apriva’s processor connections."
  • Mastercard and George Soros to Explore Private Sector Solutions to Societal Challenges - "Mastercard and George Soros announced plans to explore creating a social enterprise to apply commercial strategies to deliver a positive impact on society. Called Humanity Ventures, the enterprise could catalyze and accelerate economic and social development for vulnerable communities around the world, especially refugees and migrants."
  • Data Breaches Increase 40 Percent in 2016, Finds New Report from Identity Theft Resource Center and CyberScout - "The number of U.S. data breaches tracked in 2016 hit an all-time record high of 1,093, according to a new report released today by the Identity Theft Resource Center (ITRC) and CyberScout (formerly IDT911). This represents a substantial hike of 40 percent over the near record high of 780 reported in 2015. "
  • VTEX to Partner with PCI Security Standards Council to Improve Payment Data Security Worldwide - "VTEX, a global digital commerce platform servicing more than 2,000 companies worldwide, announced today that it has joined the PCI Security Standards Council as a new Participating Organization. VTEX will work with the Council to achieve and improve payment data security worldwide through the ongoing development of the PCI Security Standards, including the Payment Card Industry Data Security Standard (PCI DSS), PIN Transaction Security (PTS) requirements and the Payment Application Data Security Standard (PA-DSS)."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are in San Jose, CA, New York, NY, and Atlanta, GA. See our spring schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

UPDATES FROM GLENBROOK

  • Join us at the 2017 FinTech Georgia Symposium February 9! Glenbrook is a proud sponsor of the 2017 FinTech Georgia symposium. Join us for this great event on February 9 in Atlanta. Reach out to Glenbrook's Elizabeth McQuerry, a board member of the Technology Association of Georgia, to schedule a meeting with the Glenbrook partners in town for the symposium.
  • We're hiring! Passionate about payments? Love solving tough client problems? If that describes you, come join us! Click here to learn more!
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

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

January 18, 2017

Headline News from PaymentsNews.com - January 18, 2017

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

ON THE WEB

  • Publishing Dwolla’s Faster Payment Proposal - Dwolla blog - "Dwolla launched FiSync with a banking partner in 2012. The special bank API was the first real-time funds transfer system in the United States. Our second integration launched in 2014. By the end of 2015, Dwolla had made the decision to shift its focus to building the ideal API for developers. Despite the transition, Dwolla has remained committed to bringing about a faster, more modern and accessible banking infrastructure to its customers. The following post outlines the recent industry developments and offers a downloadable version of Dwolla’s faster payment proposal."
  • Mercedes Pay mobile payments unveiled for Daimler mobility services - NFC World - "Customers of Daimler’s mobility services will soon be able to use a dedicated Mercedes Pay mobile payments platform, allowing them to “easily and securely pay for mobility offerings and services using their smartphones”, the German automotive giant has announced."
  • Mastercard's latest mobile effort: Helping farmers sell direct, no shady middlemen - ZDNet - "Payments giant Mastercard and charity Cafédirect Producers Foundation have teamed up to create 2KUZE, a mobile marketplace for produce designed to help East African smallholders sell and receive payments for goods."
  • CMA gives provisional nod to Mastercard remedies for VocaLink takeover - Finextra - "Mastercard has agreed to reduce the costs to the Link ATM network for switching infrastructure providers in order to head off competition concerns raised over its $700 million takeover of VocaLink."
  • Analysts tip mobile payment market to hit $3T by 2022 - Mobile World Live - "The global mobile payments industry is set to be worth $3.39 trillion by 2022 driven by markets in Asia Pacific, Allied Market Research predicted. The US-based research company forecast the sector will continue to be led by SMS and WAP-based payment systems. However, it added an increase in the number of NFC Point of Sale terminals and campaigns driven by large players providing mobile wallet services will also provide robust growth to this segment."
  • High-Speed Traders Are Taking Over Bitcoin - Bloomberg - "Forget libertarians, speculative individual investors and Chinese savers trying to spirit money overseas. The reality is that professionals armed with cutting-edge technology now drive as much as 80 percent of bitcoin trading, mimicking strategies honed by some of the biggest players on Wall Street. To them, bitcoin is just the latest asset class ripe for conquering with machines."
  • Mall Owners Find Relief From Unlikely Source: Online Retailers - Wall Street Journal - "Retailers are converting empty mall space into makeshift distribution centers used for package pickup and returns of goods bought online. At the same time, online merchants are opening physical stores to reach more customers, either via short-term leases in pop-up stores or long-term tenancies like Amazon.com’s upcoming move into Manhattan’s Time Warner Center."

ON THE WIRES

  • Nvoicepay Transforms Supplier Payments with Mastercard inControl for Commercial Payments - ""Mastercard created inControl for Commercial Payments as a platform that empowers businesses to determine how, when, and where card payments can be made. As more businesses leverage virtual cards to execute and reconcile their supplier payments, we team with payment providers like Nvoicepay to help make business payments as simple and straightforward as consumer payments," said Eugene DeSilva, Senior Vice President of Commercial Products for Mastercard."
  • GlobalPlatform enables the Web to access Advanced Security Services - "By allowing web services to utilize a dedicated tamper resistant piece of hardware within a device, known as a SE, the newly released Web API for Accessing Secure Elements v1.0 enables sensitive data from online applications to be securely stored and processed in a secure, isolated environment. By doing so, it enables web services to address multiple use cases that are central to the deployment of value added services."
  • Ethoca & FICO Partner to Improve End-to-End CNP Fraud Management Capabilities for Card Issuers - "Ethoca, the industry standard for collaboration-based technology solutions that enable card issuers and online merchants to increase card acceptance and stop ecommerce fraud and disputes, today announced a partnership with Silicon Valley analytic software firm FICO. Card issuers using the industry-leading FICO® Falcon® Fraud Manager will be able to easily connect to Ethoca's Global Collaboration Network to maximize the recovery of card not present (CNP) fraud losses and avoid the costly, inefficient chargeback process."
  • Lack of On-Site Security and IT Expertise a Common Challenge - "Cybera, the leading provider of secure software-defined wide-area networks (SD-WAN), today released the results of its Retail Realities survey of retail professionals at Retail’s BIG Show or NRF. The survey of more than 50 retail professionals found that many retailers lack the necessary IT staff at the store level to ensure proper solution implementation and security."
  • Augeo Acquires Edo Interactive - "Augeo, a leader in consumer and employee engagement and incentive programs across all industries, today announced the acquisition of Edo Interactive, a leader in the card-linked offer industry."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are in San Jose, CA, New York, NY, and Atlanta, GA. See our spring schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

UPDATES FROM GLENBROOK

  • Join us at the 2017 FinTech Georgia Symposium February 9! Glenbrook is a proud sponsor of the 2017 FinTech Georgia symposium. Join us for this great event on February 9 in Atlanta. Reach out to Glenbrook's Elizabeth McQuerry, a board member of the Technology Association of Georgia, to schedule a meeting with the Glenbrook partners in town for the symposium.
  • We're hiring! Passionate about payments? Love solving tough client problems? If that describes you, come join us! Click here to learn more!
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

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

January 17, 2017

Headline News from PaymentsNews.com - January 17, 2017

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

ON THE WEB

  • Intel launches new IoT retail platform, plans $100 million retail tech investment - ZDNet - "It's called the Responsive Retail Platform (RRP), and according to Intel, it connects disparate islands of in-store technology and makes it easier to develop and deploy Internet of Things (IoT) software and services. Simply put, it works to bring together retail hardware, software, APIs, and sensors in a standardized way."
  • Accenture: Blockchain Could Save Investment Banks $12 Billion Annually - Coindesk - "Released today, the report (co-written with benchmarking consultancy McLagan) focuses on the kinds of cost savings investment banks could potentially achieve through use of the tech to streamline various office functions."
  • Alipay Expands Mobile Payment App Services To North America - Retail Touch Points - "Alipay, a digital payment platform based in China, has expanded its in-store mobile lifestyle and payments service to the North American retail market as it seeks to enhance the shopping experience for Chinese consumers visiting the U.S. and Canada. "
  • NEARLY 25% OF UK CARD PAYMENTS NOW CONTACTLESS - Cards International - "Nearly 25% of all card transactions are now carried out via contactless channel in the UK, according to the figures released by the UK Cards Association. Almost 325 million purchases were done through contactless debit and credit cards in November 2016, which accounts for 25% of all card payments during the month."
  • ANZ TO REPLACE LOST CREDIT, DEBIT CARDS WITH DIGITAL WALLETS - Cards International - "ANZ Australia products managing director Katherine Bray said: "Our customers report about 670,000 cards as lost or stolen each year and we know waiting for a new card to arrive can be a real inconvenience. Now our customers can keep using their digital wallet, whether it’s Apple Pay or Android Pay, to make purchases while they wait for the new physical card to arrive in the mail.""
  • What Facebook’s European payment license could mean for banks - TechCrunch - "Facebook has already disrupted the classifieds market with the launch of Facebook Marketplace, and with PSD2, Facebook has the possibility of becoming their own payments processor as a PISP (Payment Initiation Service Provider) and connecting to bank accounts directly through APIs. Facebook may then ask consumers for permission to use their bank details as a payment method. Once you give permission, Facebook will be able to securely access your bank account and collect their payment."
  • ICICI Blocks PhonePe as India Payment Market Battle Intensifies - Bloomberg - "The country’s big banks are now vying with digital wallets offered by startups to garner a larger slice of a payments business that Bank of America Corp. projects could grow to $3 trillion within six years. ICICI is the second bank to block a payments app this year, following State Bank of India, which stopped its customers from adding money to Paytm’s digital wallet, citing security concerns."

ON THE WIRES

  • Global Fraud Attempts Increased by 31% During Holiday Shopping Season - "Fraud and general retail growth each increased substantially during the 2016 holiday season, according to new benchmark data from ACI Worldwide (NASDAQ: ACIW). Fraud attempts increased by 31 percent, while the number of overall transactions increased by 16 percent. The survey data, based on hundreds of millions of transactions from global merchants during the 2015 and 2016 holiday shopping season (starting on Thanksgiving and ending on December 31) highlights key shopping -- and fraud activity -- trends. ACI ReD Shield, a premier CNP fraud detection and prevention solution for eCommerce merchants, processed 7 percent of Black Friday's online spend and 13 percent of Cyber Monday's total online spend."
  • Equinox Payments Integrates Android Pay’s Seamless Payments and Loyalty Feature - "Equinox Payments (“Equinox”), announced that all Equinox terminal solutions are now integrated with Android Pay, allowing retailers to provide an improved checkout experience to their loyalty customers. Equinox is the first terminal provider to implement Android Pay’s newest version of this technology across all its product lines, including the L5300 multi-lane terminals used by Walgreens, the first retailer to integrate its loyalty program with Android Pay on the L5300s in its stores nationwide."
  • Allant Group Moves Tokenization Security to the Cloud - "The Allant Group www.allantgroup.com, a premier value technology provider of multi-sourced data aggregation and advanced data analytics, has moved its data and services to the cloud to increase application flexibility and availability, as well as to reduce IT support and maintenance costs. The Allant Group combines customer and business intelligence applications to help enterprise and mid-market clients gain valuable insights and drive marketing performance. As an organization that focuses on Big Data, Allant receives, stores, and processes large datasets of payment and personal information, carefully guarding it in a tokenized PCI Island running in an on-premise data center."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are in San Jose, CA, New York, NY, and Atlanta, GA. See our spring schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

UPDATES FROM GLENBROOK

  • Join us at the 2017 FinTech Georgia Symposium February 9! Glenbrook is a proud sponsor of the 2017 FinTech Georgia symposium. Join us for this great event on February 9 in Atlanta. Reach out to Glenbrook's Elizabeth McQuerry, a board member of the Technology Association of Georgia, to schedule a meeting with the Glenbrook partners in town for the symposium.
  • We're hiring! Passionate about payments? Love solving tough client problems? If that describes you, come join us! Click here to learn more!
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

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

January 13, 2017

Headline News from PaymentsNews.com - January 13, 2017

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

ON THE WEB

  • A Holiday-Shopping Test Finds Beacon-Based Mobile Offers Drive up Traffic Counts - Digital Transactions News - "This week, Swirl released some of the results of this comparison. Much of this had to do with increases in foot traffic. A specialty retailer inside a mall, for example, found a 41% rise in average basket size and a 36% increase in its mall-to-store traffic conversion. Another mall merchant, also a specialty retailer, saw a 13% jump in its mall-to-store conversion rate. An apparel manufacturer with an outlet store experienced a 7% increase in traffic, according to Swirl."
  • Blockchain Technology in the Insurance Sector - McKinsey report for FACI - "10 things you should know about Blockchain" in financial services.
  • Bharti Airtel launches payments JV in India - Global Telecoms Business - "Bharti Airtel has launched its payments joint venture today, going live in 29 states across India. Airtel Payments Bank sees the Indian operator partner with Kotak Mahindra Bank, spending Rs3,000 crore ($440 million) to build a pan-India banking network and payments ecosystem. The joint venture, which is 80:20 owned in Airtel’s favour, was launched by finance minister Arun Jaitley, along with Bharti Enterprises chairman Sunil Bharti Mittal and Kotak Mahindra Bank MD Uday Kotak. The APB will be led by Shashi Arora, who was also at the launch."
  • CUP Cloud Pay The First Landing In The Middle East - Payments Afrika - "The first batch of UAE merchants to open Unionpay cloud pay acceptance, including fast-food restaurants, digital stores, shopping centers. Consumers can be in the store’s non-connected terminal sensor identification area, using the “QuickPass” logo of the UnionPay chip card and support all kinds of cloud flash smartphone. CUP debit card consumption 300 Dirhams (about 570 yuan) The following does not need to sign, with UnionPay credit card consumption 300 Dirhams neither enter the password, do not sign. In the contactless payment to set a small cap in line with international practice, and more secure with the card security."
  • US consumers to use loyalty points as currency for in-store payments - NFC World - "The service has been developed by the terminal maker through payment technology provider FIS’ Premium Payback Network — a connection powered by Modo’s Coin-operated Digital Payments Hub."

ON THE WIRES

  • First Data Opens Up the Future of Global Commerce with Broadened Collaboration, Expanded Developer Tools - "In a rapidly evolving FinTech ecosystem, speed, agility, and collaboration are critical. That’s why today First Data (NYSE: FDC), a global leader in commerce-enabling technology, is launching First Data Integrated Solutions Group (ISG), a new business segment focused on expanded software developer tools for integration with First Data’s platforms. With the formation of First Data Integrated Solutions Group, First Data is deepening its engagement with independent software vendors (ISVs), value-added resellers (VARs), software developers, system integrators, and other market participants to expand commerce capabilities around the globe."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are in San Jose, CA, New York, NY, and Atlanta, GA. See our spring schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

UPDATES FROM GLENBROOK

  • Join us at the 2017 FinTech Georgia Symposium February 9! Glenbrook is a proud sponsor of the 2017 FinTech Georgia symposium. Join us for this great event on February 9 in Atlanta. Reach out to Glenbrook's Elizabeth McQuerry, a board member of the Technology Association of Georgia, to schedule a meeting with the Glenbrook partners in town for the symposium.
  • We're hiring! Passionate about payments? Love solving tough client problems? If that describes you, come join us! Click here to learn more!
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

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

January 12, 2017

Headline News from PaymentsNews.com - January 12, 2017

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

ON THE WEB

  • Episode 47 – Blockchains and Moving Money on the Internet – Circle Internet Finance - Glenbrook’s Payments on Fire podcast - "Join Payments on Fire host George Peabody and Circle’s co-founders Jeremy Allaire and Sean Neville for this discussion on Circle’s geographic expansion, its recent shift in bitcoin support, and its development of Spark, a blockchain-based open source smart contract platform optimized to share and store payments meta-data including exchange rates, KYC details, identity, etc."
  • $100K opportunity for early-stage developing-market fintech entrepreneurs - DFS Labs - "DFS Labs is an early-stage incubator that supports high potential entrepreneurs refine, grow and launch fintech businesses in developing countries. In April 2017, a select group of purpose-driven entrepreneurs will converge in South Asia (country TBD) for DFS Lab’s fintech bootcamp, bringing together smart, dynamic people who are building innovative products, services and technologies for low-income consumers. If you are passionate about solving problems faced by low-income consumers and believe you have what it takes, learn more and apply now!"
  • Swift is Building a Blockchain App to Optimize Global Cash Liquidity - Coindesk - "Announced today, The Society for Worldwide Interbank Financial Telecommunication (Swift) is integrating open-source blockchain technology with its own products to build a proof-of-concept that might one day replace the so-called "nostro" accounts its members keep filled with cash all over the world – just in case they need it. If successful, the blockchain application has the potential to finally achieve a longstanding dream of Swift, to free up that cash so it can be invested in more profitable measures."
  • Banks Hold Best Cards in Rewards Contest - Wall Street Journal - "While consumers benefit, the real winners are big banks like Chase and Citigroup, which are leaving behind stand-alone card issuers as they fight for market share. Credit card stocks have rallied broadly since the election on higher interest rates and growth expectations, but investors should be wary of companies that lag too far in their value proposition to consumers."
  • Indonesia’s First Billion-Dollar Startup Races to Kill Cash - Bloomberg - "Go-Jek became Indonesia’s first billion-dollar startup by offering ride-hailing services that became ubiquitous in the country. Now the company is planning a second act in digital payments amid rising competition from local rival Grab and Uber Technologies Inc."
  • UK's Funding Circle, an online marketplace lender, raises $100 million - Reuters - "Funding Circle, a London-based website founded in 2010 with a presence in the United States and several European countries, is one of Europe's largest and most valuable fin-tech startups. It connects a small business looking for a loan to investors through its online platform and has originated more than $3 billion in loans for 25,000 businesses globally so far."
  • ANDROID, IOS AND MARKET POWER – WHAT DOES MOBILE PLATFORM COMPETITION REALLY LOOK LIKE? – PART II - Disruptive Competition Project - "“As software platforms, both Apple’s iOS operating system and Google’s Android operating system are driven by the goal of attracting more users, developers and (for Android) handset manufacturers. There is often strong competition for market share, which tends to be fluid and subject to rapid change.”"

ON THE WIRES

  • Discover and PayPal Partner to Deliver New Digital Payment Experiences - "The agreement provides PayPal with access to Discover’s tokenization services, expanding PayPal’s reach at the point of sale, which will enable U.S. PayPal customers to pay with their Discover cards at all of the contactless-enabled merchants that accept Discover. As part of the agreement, Discover and PayPal plan to enable PayPal customers with eligible Discover cards to use their Cashback Bonus® to pay for purchases at the millions of online and mobile merchants that accept PayPal. After enablement, Discover cardmembers will be able to view and use their available Cashback Bonus while using PayPal to pay for all or part of a purchase."
  • Verifone and FIS to Enable Consumers to Pay with Loyalty Points at the Retail Point-of-Sale - "Verifone developed a new application called Verifone Points Redemption which connects to the FIS Premium Payback Network to provide a quick, secure, and easy way for third party loyalty programs to participate. Merchants will be able to download the free app to their device from the open, cloud-based Verifone Commerce Platform and eligible cardholders only need to swipe, dip or tap their card at a participating retailer, to pay for their purchases with points."
  • Squirrel Systems Completes U.S. EMV Certifications with Multiple Payment Gateway Providers - "Squirrel Systems, a leading technology provider to the hospitality industry, today announced that it has completed U.S. EMV certifications with solutions from multiple payment gateway providers, including Merchant Link, Elavon, Shift 4 Corporation, Vantiv, Datacap, and Cayan. These certifications provide Squirrel point of sale customers with the widest array of payment solutions to securely process EMV chip card payments via the gateway of their choice."
  • Vantiv Launches triPOS Cloud at National Retail Federation's Big Show January 15-17 - "Vantiv Integrated Payments, a Vantiv company (NYSE: VNTV), and a provider of payments technology and processing services for small and medium-sized businesses (SMBs), today launched triPOS Cloud, an extension of the triPOS product line. Now equipped for every use case, independent software vendors (ISVs) who create innovative point-of-sale solutions can integrate to Vantiv via the cloud or a native application."
  • FreedomPay Expands Secure Commerce Platform with Microsoft Dynamics 365 Integration - "FreedomPay today announced the integration of Microsoft Dynamics 365 with its PCI-validated commerce platform. The Dynamics 365 integration marks a significant milestone in a multi-year strategy to deploy an industry leading commerce platform that delivers world-class security, seamless connectivity to the point-of-sale and real-time data availability with the global scale and accessibility of the Azure cloud platform."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are in San Jose, CA, New York, NY, and Atlanta, GA. See our spring schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

UPDATES FROM GLENBROOK

  • Join us at the 2017 FinTech Georgia Symposium February 9! Glenbrook is a proud sponsor of the 2017 FinTech Georgia symposium. Join us for this great event on February 9 in Atlanta. Reach out to Glenbrook's Elizabeth McQuerry, a board member of the Technology Association of Georgia, to schedule a meeting with the Glenbrook partners in town for the symposium.
  • We're hiring! Passionate about payments? Love solving tough client problems? If that describes you, come join us! Click here to learn more!
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

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

January 11, 2017

Headline News from PaymentsNews.com - January 11, 2017

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

ON THE WEB

  • European Central Bank calls for Europe-wide P2P mobile payments by end of 2017 - NFC World - "The Eurosystem, made up of the ECB and the national central banks of states whose currency is the euro, “expects the launch of a standardised look-up service that allows (person-to-person) mobile payments using the mobile phone number of the payee as a proxy for the IBAN,” Yves Mersch, member of the executive board of the ECB, said during a keynote speech at the French Payments Committee conference."
  • Wall Street Clearinghouse to Adopt Bitcoin Technology - New York Times DealBook- "The company that serves as the back end for much Wall Street trading — the Depository Trust and Clearing Corporation, or D.T.C.C. — said on Monday that it would replace one of its central databases, used by the largest banks in the world, with new software inspired by Bitcoin. The organization, based in New York, plays a role in recording and reporting nearly every stock and bond trade in the United States, as well as most valuable derivatives trades."
  • Amazon to Launch Credit Card for Prime Members - Wall Street Journal - "The online retailer is introducing a new card for Prime customers offering 5% back on all Amazon.com purchases. The card, issued by J.P. Morgan Chase & Co. and branded with the Visa Inc. logo, doesn’t have an annual fee or foreign-transaction fees."
  • Many Brands Bought Into China's Mobile Payments Craze, But There Are Holdouts - AdvertisingAge - "Many major retailers and brands in China embraced mobile payments while Ikea held out. In December, signs went up at cash registers in a Shanghai Ikea to inform customers that they could now pay with Alipay and WeChat Pay, along with Apple Pay."
  • Payments paradise by the dashboard light: Visa, Honda test-drive in-car transactions - banking technology - "Here’s how the technology works, according to Honda: Drivers are notified that they can pay for fuel or parking when they are near a smart parking meter or fuel pump. Depending on the services, the purchase amount is displayed in the dashboard and drivers confirm payment with the touch of a button, paying via previously stored payment information. For parking, drivers can set the time they’ll need from the dashboard display; those consumers then can add time via their smartphones when away from their vehicles. Honda said it’s talking with “a number of other companies that will continue to help ease the various innovative payment processes of other car-based transactions.”"
  • Homeland Security Looks To Blockchain To Track People, Goods Across Borders - WSJ CIO Journal blog - "The Department of Homeland Security is testing blockchain technology to secure cameras and other devices at U.S. ports of entry, including borders and airports. The goal is to better detect and stop intruders who try to impede the devices or manipulate the data they collect."

ON THE WIRES

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are in San Jose, CA, New York, NY, and Atlanta, GA. See our spring schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

UPDATES FROM GLENBROOK

  • Join us at the 2017 FinTech Georgia Symposium February 9! Glenbrook is a proud sponsor of the 2017 FinTech Georgia symposium. Join us for this great event on February 9 in Atlanta. Reach out to Glenbrook's Elizabeth McQuerry, a board member of the Technology Association of Georgia, to schedule a meeting with the Glenbrook partners in town for the symposium.
  • We're hiring! Passionate about payments? Love solving tough client problems? If that describes you, come join us! Click here to learn more!
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

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

January 10, 2017

Headline News from PaymentsNews.com - January 10, 2017

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

ON THE WEB

  • IBM Partners With Wall Street to Bring Blockchain to CDS Market - Bloomberg - "Depository Trust & Clearing Corp., the New York-based utility that settles and clears all stock and bond trades in the U.S., is seeking to reduce redundancies and cut costs in the system that manages $11.7 trillion in outstanding credit swaps, the company said in a statement Monday. International Business Machines Corp., as well as blockchain startups R3 and Axoni, will help DTCC create the single network of credit-swaps users."
  • 72% Of Businesses Say Buy Buttons Don’t Sell - Retail Touch Points - "Digital marketers are overwhelmingly rejecting the use of buy buttons on social media platforms, and for good reason: 72% of businesses say that they have seen no sales as a result of buy buttons in 2016, according to a report from Campaigner."
  • Biometric payments pilot to test palm vein replacement for cards - NFC World - "South Korea’s Financial Services Commission (FSC) is planning to launch a pilot in the first half of 2017 that will allow consumers to make payments at the point of sale using palm vein authentication technology, without the need of a physical payment card."
  • When India Killed the 1,000-Rupee Note, This Startup Got Busy - Bloomberg - "Fintech upstart Paytm is leveraging an anti-corruption campaign to establish itself as the nation's dominant digital payments player."
  • ECB consults on development of pan-EU settlement service for instant payments - Finextra - "The European Central Bank has launched a market consultation on the user requirement for the development of a settlement service for real-time instant payments in central bank money, billing 2017 as a "decisive year" for the success of innovative retail payments services in Europe. In a speech delivered at a conference hosted by the Banque de France, Yves Mersch, member of the Executive Board of the ECB, laid out a roadmap for a full-scale revolution in the delivery of new payments services to European consumers."

ON THE WIRES

  • PayPal Exceeds $7 Billion in Charitable Giving in 2016 as Mobile Giving Continues to Surge - "PayPal reported 11 percent growth in charitable giving in 2016, processing $7.3 billion in contributions over the year, including more than $971 million raised during the holiday season alone. Proving that spirits really were brighter this holiday, the company announced today that 8 million PayPal users in 181 countries contributed $971,213,604 to 282,053 charities, making 2016 the biggest year for end-of-year donations with PayPal ever."
  • Wix.com Integrates with Square to Make Shopping Easier for Businesses and their Customers - "Wix's Square integration improves payment processing and allows both online and in-person payments, via mobile device based POS. Any online Wix Store can become a physical store instantly via the Wix App, which automatically and fully syncs the point of sale (POS) with the Wix online catalog and inventory. Wix is aiming to expand the relationship across verticals, including Wix Bookings, over the coming months."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are in San Jose, CA, New York, NY, and Atlanta, GA. See our spring schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

UPDATES FROM GLENBROOK

  • Join us at the 2017 FinTech Georgia Symposium February 9! Glenbrook is a proud sponsor of the 2017 FinTech Georgia symposium. Join us for this great event on February 9 in Atlanta. Reach out to Glenbrook's Elizabeth McQuerry, a board member of the Technology Association of Georgia, to schedule a meeting with the Glenbrook partners in town for the symposium.
  • We're hiring! Passionate about payments? Love solving tough client problems? If that describes you, come join us! Click here to learn more!
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

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

January 09, 2017

Headline News from PaymentsNews.com - January 9, 2017

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

Here's to the New Year! Everyone at Glenbrook wishes you success, fulfillment, and great health for 2017.

ON THE WEB

  • Wal-Mart Ends Threat to Ban Visa Credit Cards Across Canada - Bloomberg - "“We have come to an agreement with Wal-Mart through which Visa credit cards will be accepted at all Canadian Wal-Mart stores,” Carla Hindman, a Visa Canada spokeswoman, said in a statement. She declined to elaborate."
  • Honda unveils in-vehicle payment service for fuel and parking at CES 2017 - NFC World - "The auto manufacturer is showcasing the latest developments of its partnership with Visa that was first established in February 2016 to enable a variety of in-vehicle payment experiences through Visa Checkout. The demonstration on show at CES makes use of fuel pumps from Gilbarco Veeder-Root and smart parking meters from IPS Group."
  • Apple Pay users to get rewards at 300,000 self-serve machines - NFC World - "US consumers making purchases at 300,000 self-serve machines across the country will soon receive exclusive offers, promotions and discounts toward future purchases when using Apple Pay to complete a payment. The service is brought by cashless vending machine technology provider USA Technologies (USAT) through an integration of its More loyalty service in self-serve machines connected to its ePort Connect platform."
  • Holiday Sales Trends Heighten Brick-and-Mortar Woes - eMarketer - "Despite many headline numbers suggesting retailers have had better-than-expected holiday sales, a parade of brick-and-mortar retailers, including Macy's, have painted a sharply different picture in contrast and showed the gaping divide in performance between physical store and online sales."

ON THE WIRES

  • CardLinx Makes Card-Linking Software Publicly Available - "The CardLinx Association (“CardLinx”) today announced the availability of a new open source card-linking software suite developed by Microsoft, one of its founding members. Microsoft has made the codebase for its Earn card-linking platform free and publicly available under the MIT License so that other companies can build on the code and expand the availability of card-linking. The software demonstrates API access to the leading payment networks and is available for download today from the CardLinx website (www.cardlinx.org)."
  • Americans Spent $28 Billion on Gift Cards for Others, $11 Billion on Gift Cards For Themselves - "The winter holidays have passed, but America's retail sector has likely only begun to see the full influx of shoppers wielding gift cards given to them as Christmas presents or for some other special occasion during 2016 (or 2015, or 2014, or…). Fact is, gift cards have become not only an acceptable substitute for more traditional gift options, but are increasingly expected and eagerly used, especially among "older" Millennial adults, according to market research firm Packaged Facts in the report Prepaid and Gift Cards in the U.S., 5th Edition."
  • FICO Joins EU-U.S. Privacy Shield Program to Protect Clients' Data - "Silicon Valley analytics software firm FICO today announced that it has been accepted into the EU-U.S. Privacy Shield program, which requires FICO to agree to comply with EU data protection requirements when transferring personal data from the European Union to the United States. Effective December 7, 2016, this voluntary self-certification declares FICO's cooperation with the privacy program adopted jointly by the European Commission and the U.S. Department of Commerce."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are in San Jose, CA, New York, NY, and Atlanta, GA. See our spring schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

UPDATES FROM GLENBROOK

  • Join us at the 2017 FinTech Georgia Symposium February 9! Glenbrook is a proud sponsor of the 2017 FinTech Georgia symposium. Join us for this great event on February 9 in Atlanta. Reach out to Glenbrook's Elizabeth McQuerry, a board member of the Technology Association of Georgia, to schedule a meeting with the Glenbrook partners in town for the symposium.
  • We're hiring! Passionate about payments? Love solving tough client problems? If that describes you, come join us! Click here to learn more!
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

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

January 05, 2017

Headline News from PaymentsNews.com - January 5, 2017

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

Here's to the New Year! Everyone at Glenbrook wishes you success, fulfillment, and great health for 2017.

ON THE WEB

  • As Credit Unions Adopt EMV, They Start To See Quick Gains in Fraud Reduction - Digital Transactions - "Credit unions are making fast progress in their rollout of EMV chip cards, according to an update from PSCU, a major payments processor for this segment of the financial-services industry. Some 85% of PSCU’s clients have introduced, or are introducing, EMV credit cards, while the corresponding number for EMV debit card issuance is 60%, the St. Petersburg, Fla.-based organization said Tuesday."
  • Carnival unveils NFC and BLE wearable for cruise ship passengers - NFC World - "Guests can make payments using the accompanying Medallion Pay service, to which guests can link “any number of credit cards, reward cards, gift cards and advanced payment services”."
  • ALEXA: AMAZON’S OPERATING SYSTEM - Stratechery - "Amazon seized the opportunity: first, Alexa was remarkably proficient from day one, particularly in terms of speed and accuracy (two factors that are far more important in encouraging regular use than the ability to answer trivia questions). Then, the company moved quickly to build out its ecosystem in two directions..."

ON THE WIRES

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are in San Jose, CA, New York, NY, and Atlanta, GA. See our spring schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

UPDATES FROM GLENBROOK

  • Join us at the 2017 FinTech Georgia Symposium February 9! Glenbrook is a proud sponsor of the 2017 FinTech Georgia symposium. Join us for this great event on February 9 in Atlanta. Reach out to Glenbrook's Elizabeth McQuerry, a board member of the Technology Association of Georgia, to schedule a meeting with the Glenbrook partners in town for the symposium.
  • We're hiring! Passionate about payments? Love solving tough client problems? If that describes you, come join us! Click here to learn more!
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

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

January 04, 2017

Headline News from PaymentsNews.com - January 4, 2017

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

Here's to the New Year! Everyone at Glenbrook wishes you success, fulfillment, and great health for 2017.

ON THE WEB

  • Episode 46 – 3D Secure, Visa, and Cardinal Commerce - Glenbrook’s Payments on Fire podcast - "Cardinal, now a new addition to Visa’s arsenal with its recent acquisition, has been working with the risk-based approach for quite awhile. Take a listen to Visa’s Mark Nelson and Mike Keresman and Tim Sherwin of Cardinal Commerce in this discussion about 3DS2, card network mandates, Cardinal’s acquisition by Visa, and when the market will see 3DS2 solutions."
  • Is India’s War on Cash Paying Off? - Wall Street Journal - "In an early sign that India’s crackdown on tax evaders is helping to swell coffers in New Delhi, the government this week lowered its borrowing plan by 4.2%."
  • Mastercard brings Masterpass platform to South Africa, partners with Vodacom - Mobile Commerce Daily - "Mastercard’s Masterpass payment platform has found another home, this time in the heart of South Africa thanks to a partnership with one of Africa’s mobile communications companies as the credit card provider attempts to gain ground on its competitors by going global."
  • CFPB Orders TransUnion and Equifax to Pay for Deceiving Consumers in Marketing Credit Scores - California Credit Law blog - "The CFPB said that from 2011 to March 2014, TransUnion and Equifax falsely represented that the credit scores they marketed and provided to consumers were the same scores lenders typically use to make credit decisions. In fact, the scores were not typically used by lenders."
  • Will Gift Cards Migrate To Mobile Wallets? - Retail Touch Points - "“We have seen incredible innovation in gift cards recently, with the proliferation of e-gifts, gift card integration into mobile wallets, the emergence of gift card exchanges, and exciting new options like hyper-local gifting,” said Timm Walsh, Board Chairman of the RGCA. “Shoppers appear to be embracing these new options, all the while maintaining a demand for traditional plastic gift cards — 76% plan to buy them this year.”"
  • Mobile payments outgrow smartphones - Live mint - "In India there are many barriers to adopting mobile banking apps, such as: low smartphone ownership, high data charges and patchy internet network availability. Even among those who own smartphones, many just don’t feel comfortable using these apps. USSD-based services let you do mobile banking without having to download any app on the phone, and these can be used equally well from smartphones as well as basic feature phones, which cannot access mobile data."
  • Synaptics' new biometric solution combines fingerprint authentication with facial recognition - Techspot - "Developed in collaboration with facial recognition specialist KeyLemon, backed by SentryPoint technology and fully integrated into Synaptics’ Natural ID fingerprint sensors, the fusion engine leverages both fingerprint and facial recognition as authentication methods for smartphones, tablets and notebooks."
  • Homeless people trial contactless payments jacket to receive donations - NFC World - "Homeless people in the Dutch cities of Amsterdam and Rotterdam have been testing a jacket equipped with a contactless terminal to enable passersby to tap their contactless cards and make a €1 (US$1.04) donation, which can then be redeemed through official homeless shelters."

ON THE WIRES

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are in San Jose, CA, New York, NY, and Atlanta, GA. See our spring schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

UPDATES FROM GLENBROOK

  • Join us at the 2017 FinTech Georgia Symposium February 9! Glenbrook is a proud sponsor of the 2017 FinTech Georgia symposium. Join us for this great event on February 9 in Atlanta. Reach out to Glenbrook's Elizabeth McQuerry, a board member of the Technology Association of Georgia, to schedule a meeting with the Glenbrook partners in town for the symposium.
  • We're hiring! Passionate about payments? Love solving tough client problems? If that describes you, come join us! Click here to learn more!
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

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

January 03, 2017

Headline News from PaymentsNews.com - January 3, 2017

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

Here's to the New Year! Everyone at Glenbrook wishes you success, fulfillment, and great health for 2017.

ON THE WEB

  • Swiss Are Frank About Their Love of Cash - Wall Street Journal - "The Swiss love cash, and use it regularly to pay for purchases large and small—monthly utility bills can be paid in cash at post offices. Their affinity shows no sign of abating, and flies in the face of a global trend toward cashless economies and electronic payments that can better track potential fraud."
  • Paytm, India’s top mobile payments firm, gets approval to launch its own digital bank - TechCrunch - "The development of Paytm Payments Bank mirrors Alibaba and Ant Financial’s own course in China, where it is one of a number of top internet companies to expand into banking and financial services."
  • Bitcoin jumps above $1,000 for first time in three years - Reuters - "Digital currency bitcoin kicked off the new year by jumping above $1,000 for the first time in three years late on Sunday, having outperformed all central-bank-issued currencies with a 125 percent climb in 2016."
  • Walmart is 2016 mobile retailer of the year - Mobile Commerce Daily - "Another major step that helped propel Walmart in the right direction was its online and mobile pay system that launched in December of 2015 but saw real growth in 2016. With mobile payments becoming increasing important in online purchasing, Walmart’s solution was a major step in the right direction."
  • Starbucks app integrates with Bitcoin wallet - Mobile Commerce Daily - "Customers using the Starbucks app can now pay through iPayYou’s Bitcoin wallet to pay for an assortment of items on its menu. iPayYou works through automated conversion processes to convert the oft-volatile cryptocurrency into USD in real time, through a tool called Bitcoin Direct to Starbucks."
  • VW Buys Mobile-Payment Provider PayByPhone for Parking Services - Bloomberg - "The purchase of Vancouver-based PayByPhone, which processed more than $250 million in transactions this year, will turn the German company’s Volkswagen Financial Services unit into the leader in mobile payments for parking, the automaker said Wednesday in a statement. The companies aren’t disclosing the cost of the acquisition."

ON THE WIRES

  • PAX Secures Major Win at China UnionPay Merchant Services - "PAX Technology (HKEx: 00327 - PAX GLOBAL), a global leader in the provision of secure electronic payment terminal solutions, is pleased that China UnionPay Merchant Services ("UMS") has selected PAX to supply secure payment devices to over 6 million merchants during 2017. As one of the largest merchant acquirers in the world, UMS will be leveraging the full PAX product portfolio. Particular emphasis is being placed by UMS on the innovative A920 Android terminal which offers high levels of application customization to meet different merchant demands of procurement, logistics, inventory and business management."

GLENBROOK PAYMENTS EDUCATION EVENTS

Glenbrook's 2016 boot camps are done but there's more to look forward to. Our next Glenbrook payments education events are in San Jose, CA, New York, NY, and Atlanta, GA. See our spring schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

UPDATES FROM GLENBROOK

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

December 23, 2016

Headline News from PaymentsNews.com - December 23, 2016

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

Best wishes for the holidays from all of us at Glenbrook!

ON THE WEB

  • Bitcoin’s price is surging again, but there’s another measure that really shows its value - Quartz - "The value of a single bitcoin has skyrocketed this year, and hit $874 today (Dec. 22). It’s not the highest price ever for bitcoin, which traded at $1,165 in November 2013. But with the 2016 rally, the cryptocurrency has achieved a different but related milestone: The value of all bitcoin in circulation is now at an all-time high."
  • Paytm is paying a price for its sudden stardom - Quartz - "This sudden success stirred up some trouble for Paytm and its CEO. Over the past few weeks, Sharma and Paytm have come under fire for everything from insensitive advertising and technical glitches to allegations of an alleged copyright infringement and incidents of fraud and cheating."
  • China becoming global technology hub - CRI - "In China, paying via credit cards has never been mainstream. Most Chinese consumers, about 40%, prefer new mobile payments like Alipay and Wechat, shows a report released by Ernst & Young."
  • What Happens When You Roll an Online Lender, a Robo-Adviser, and Bitcoin into One? - Wall Street Journal - "An eight-person startup outside of Seattle is gunning for the fintech trifecta. Algorithmic Inc., a Bellevue, Washington-based investment adviser, is launching a new credit fund that combines three of the hottest trends in the financial-technology sector: online lending, robo advisory and the technology that underpins the digital currency bitcoin."
  • Learning from a Year of Security Breaches - Medium - "These lessons come from my consolidated notes of those incidents. I mostly work with tech companies, though not exclusively, and you’ll see a bias in these lessons as a result."

ON THE WIRES

GLENBROOK PAYMENTS EDUCATION EVENTS

Glenbrook's 2016 boot camps are done but there's more to look forward to. Our next Glenbrook payments education events are in San Jose, CA, New York, NY, and Atlanta, GA. See our spring schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

UPDATES FROM GLENBROOK

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

December 22, 2016

Headline News from PaymentsNews.com - December 22, 2016

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

Best wishes for the holidays from all of us at Glenbrook!

ON THE WEB

  • Royal Canadian Mint joins Goldmoney blockchain platform - Finextra - "Goldmoney users can now purchase any amount of 100% reserved physical gold in the Mint’s Ottawa vault using the private firm's proprietary, closed-loop blockchain technology, for a 0.50% fee and receive free storage for up to 1,000 grams. "
  • Cybersecurity: A Race Without a Finish Line - Wall Street Journal - "Peter Beshar, executive vice president and general counsel of Marsh & McLennan Companies, a global professional services firm that includes Marsh, an insurance brokerage and risk advisor, speaks about the current state of cyberthreats, what companies should be doing to protect themselves and the potential impact the Trump administration will have on cybersecurity."

ON THE WIRES

GLENBROOK PAYMENTS EDUCATION EVENTS

Glenbrook's 2016 boot camps are done but there's more to look forward to. Our next Glenbrook payments education events are in San Jose, CA, New York, NY, and Atlanta, GA. See our spring schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

UPDATES FROM GLENBROOK

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

December 21, 2016

Headline News from PaymentsNews.com - December 21, 2016

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

Best wishes for the holidays from all of us at Glenbrook!

ON THE WEB

  • Episode 45 – False Declines and Ethoca’s Role - Glenbrook’s Payments on Fire podcast - "In this Payments on Fire podcast, Glenbrook‘s George Peabody discusses the false decline issue with Ethoca’s CMO Keith Briscoe as well as the company’s program to encourage more merchants and issuers to take advantage of its shared data service."
  • PayPal Files Copyright Suit Against India's Digital Payment Provider Paytm - eMarketer - "In what many are calling a tactical move to stymie a competitor, PayPal has pushed forward on a copyright suit against Paytm, a leading digital payment service in India."
  • Hungary’s national bank to launch instant payments through mobile phone numbers - NFC World - "A proposal from Hungary’s central bank Magyar Nemzeti Bank (MNB) for the launch of an instant payments service that will allow consumers to initiate a payment using only the mobile phone number of the recipient, with transactions completed “in a matter of seconds”, has been approved by the country’s Financial Stability Board."
  • Apple Pay adds support for new Chinese banks and credit unions (Update: U.S. banks too) - 9to5Mac - "While Apple originally launched Apple Pay in China last February with a handful of partners, it’s been slowly adding support for more banks and credit unions in recent months, much the same way the company has rolled out the service gradually in other markets."
  • Mastercard, Visa work to make mobile pay safer - Mobile Commerce Daily - "Mastercard and Visa will now be trading tokenized numbers in regards to customer’s credit cards to be used in their respective mobile pay platforms. For instance, customers with Mastercard credit cards who would like to use Visa Checkout will be able to do so without the platform keeping their credit card number and vice versa."
  • Square Wants to Play With the Big Boys - Barron’s Next - "The maker of those iPad-attached card readers now has set its sights on larger merchants. That could open up sizable opportunities for Square, since its business from big merchants is now growing five to six times faster than its traditional business focused on small sellers, according to analysts at Instinet, which picked up coverage of Square on Tuesday."
  • The race to fix Nigeria’s payments problem just received a big boost - Quartz - "Over the past year however, new start-up entrants have been focusing on solving a problem regarded as a bane to the growth of the country’s tech ecosystem. One of those entrants, Paystack, founded by Shola Akinlade and Ezra Olubi, has gained traction and rave reviews. Acting as an “intelligent bridge” between merchants and payments processors, Paystack connects to multiple payment processors and provides more options for merchants and customers."
  • Wari and Mastercard Dedicated to Fighting Cash in 35 African markets - Payments Afrika - "Wari and Mastercard signed a Strategic Alliance Agreement that will help strengthen the Wari offering for its users but also the digital payment ecosystem in 35 African markets. The two technology companies reinforced their focus on providing all citizens with access to secure and easy to use financial solutions, removing the need for cash and delivering more efficient ways for people to pay for goods and services. In support of this commitment, a suite of digital payment solutions will be introduced across the existing Wari network."
  • Pew: Most Large Banks Fail to Meet Overdraft Best Practices - Pew Charitable Trust - "Most of the largest U.S. banks continue to charge high, and often multiple, fees each time a customer incurs an overdraft. Additionally, more than 2 in 5 banks rearrange transactions in a manner that maximizes overdraft fees. Further, overdraft programs at a selection of small banks throughout the country are comparable in many respects to those at the large banks, with a few notable differences. "
  • BNP Paribas applies blockchain technology to corporate payments - Finextra - "Jacques Levet, head of transaction banking Emea at BNP Paribas CIB, comments: "This proof-of-concept demonstrates that blockchain technology offers real opportunities to considerably improve our offer for corporate treasury managers. On the payments front, this confirms our strong commitment to follow closely and further accelerate our participation in a number of market initiatives aiming at improving the corporate payments experience using blockchain technology.”"
  • The Human Cost of Next Day Delivery - Business of Fashion - "“It’s a business model that JD Sports and Sports Direct and Amazon and ASOS have bought into … The vagaries of online retail and fashion are such that it will have peaks and troughs in demand and the way they’re going to deal with that is to have a very, very flexible work force and pay them the lowest rate they can,” says Neil Derrick, Yorkshire regional secretary at GMB (Britain’s General Union), which is supporting some of ASOS’s warehouse workers."

ON THE WIRES

  • Arvato Financial Solutions signs agreement with NuData to combat fraud - "In order to provide a one-stop fraud prevention suite, Arvato Financial Solutions has chosen NuData’solution which integrates behavioural analytics and passive biometrics with a common platform. Arvato also seeks to provide a frictonless experience for legitimate customers while protecting against abuse."
  • InComm to Launch PlayStation™Network Prepaid Products into Indonesia 7-Eleven Stores - "InComm, a leading prepaid product and transaction services company, announced today that, together with MOL Global, Inc., the two companies are launching PlayStation™Network prepaid products to be distributed through 7-Eleven stores in Indonesia. MOL Global is a leading e-payment enabler for online goods and services in emerging and developed markets."

GLENBROOK PAYMENTS EDUCATION EVENTS

Glenbrook's 2016 boot camps are done but there's more to look forward to. Our next Glenbrook payments education events are in San Jose, CA, New York, NY, and Atlanta, GA. See our spring schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

UPDATES FROM GLENBROOK

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

December 20, 2016

Headline News from PaymentsNews.com - December 20, 2016

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

ON THE WEB

  • Episode 44 – On Privacy, IoT, and Security – Online Trust Alliance - Glenbrook’s Payments on Fire podcast - "Multiple organizations have emerged to address different aspects of security, privacy, and identity. In this Payments on Fire Podcast, Glenbrook‘s George Peabody speaks with Craig Spiezle, Executive Director of the Online Trust Alliance, an organization bringing together privacy and security best practices for a range of industries, including payments. Take a listen to this conversation about the security challenges ahead, especially around the Internet of Things."
  • Lloyds Buys Bank of America’s Credit Card Unit MBNA for $2.4 Billion - Wall Street Journal - "Lloyds Banking Group PLC said Tuesday it is buying Bank of America Corp.’s U.K. credit-card business MBNA Ltd., for £1.9 billion ($2.35 billion), the British bank’s first major acquisition since its bailout during the financial crisis."
  • Brazil to Crack Down on 476% Annual Credit Card Rates, Again - Bloomberg - "Last week, Temer unveiled a package of microeconomic measures aimed at stimulating growth. Among them, a proposal to reduce exorbitant credit card fees. The central bank is expected to discuss the issue at a Tuesday press conference. Congress’s finance and taxation committee is also debating measures to limit the amount of interest charged by credit card operators in Brazil, with one deputy proposing a ceiling of 12 percent per year."
  • Walmart leverages its MoneyCard app to help customers save - Mobile Commerce Daily - "Retail giant Walmart is partnering with Green Dot to debut a new prize-based savings incentive program run through the former’s MoneyCard service."
  • New York City brings smartphone payments to metered parking - TechCrunch - "Starting this week, metered parking spots in midtown Manhattan are going mobile with a new system that lets drivers pay via smartphone. The new ParkNYC app is tied to a car’s license plate number, working along the lines of an EZPass."

ON THE WIRES

  • NCR Software Platform Strategy Resonating in Marketplace - "According to IDC, NCR continues to be a leader in the retail point-of-sale (POS) technology market, and with Retail ONE, the company has introduced a platform for commerce that can be the commerce hub for sales, payments, fulfillment, and marketing. NCR is uniquely positioned to serve a long list of retail segments, including food, drug and mass merchandise, department and specialty retail, and petroleum and convenience retail."

GLENBROOK PAYMENTS EDUCATION EVENTS

Glenbrook's 2016 boot camps are done but there's more to look forward to. Our next Glenbrook payments education events are in San Jose, CA, New York, NY, and Atlanta, GA. See our spring schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

UPDATES FROM GLENBROOK

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

December 19, 2016

Headline News from PaymentsNews.com - December 19, 2016

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

ON THE WEB

  • Making Blockchain Real for Enterprises: The Importance of Tokenization - Coindesk - "The result is a situation in which banking systems are buried in firewalls, with amazingly cumbersome operational procedures required to make any changes, and with ledger technologies designed for security and scalability at the expense of development agility and innovation. And, you know what, I am happy they are this way, since it is our money that we are talking about here. But the beauty of distributed ledgers is that, suddenly, they give us a way to transact safely outside of these (very expensive) super-secure but cumbersome core banking systems, and this is not only because of the use of cryptography, but because of their distributed nature."

ON THE WIRES

GLENBROOK PAYMENTS EDUCATION EVENTS

Glenbrook's 2016 boot camps are done but there's more to look forward to. Our next Glenbrook payments education events are in San Jose, CA, New York, NY, and Atlanta, GA. See our spring schedule here. We hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

UPDATES FROM GLENBROOK

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