Payments News from Glenbrook Partners
Glenbrook   Book   Education   Jobs   Views   Archives   Store   About         SUBSCRIBE:

September 19, 2014

Headline News from PaymentsNews.com - September 19, 2014

On the Web:

  • Home Depot: 56M Cards Impacted, Malware Contained - Krebs on Security - "Prior to the Home Depot breach, the record for the largest retail card breach went to TJX, which lost some 45.6 million cards."
  • Home Depot Says Data From 56 Million Cards Was Taken in Breach - New York Times - "Home Depot’s attack went unnoticed for five months. During that time, hackers found an entry into the company’s network, gained access to its in-store payment systems and installed malware to take payment data off the memory of the company’s registers during processing."
  • Klarna Announces U.S. Team As It Plans For 2015 Launch In The U.S. - TechCrunch - "The company recruited Brian Billingsley from Alliance Data as chief executive of North America; former Bill Me Later and PayPal director Carol Hargrave as chief marketing officer; and former Apple payments counsel, Jin Han, as chief legal counsel for North America."

On the Wires:

  • Heartland Introduces Mobile and Online Ordering Solution for Restaurants - “Restaurants are looking for a competitive mobile ordering solution that will match the functionality that major restaurant companies are bringing to market, while minimizing the operational impact of adopting this new technology,” said David Gilbert, president of Heartland’s hospitality group. “Restaurants also want to respond to growing consumer demand as well-known restaurant brands engage in marketing activities to shift consumer behavior towards placing more orders via smartphones, tablets and computers.”
  • The Home Depot Completes Malware Elimination and Enhanced Encryption of Payment Data in All U.S. Stores - "To protect customer data until the malware was eliminated, any terminals identified with malware were taken out of service, and the company quickly put in place other security enhancements."

Updates from Glenbrook:

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

September 18, 2014

Headline News from PaymentsNews.com - September 18, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

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

September 17, 2014

Headline News from PaymentsNews.com - September 17, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

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

September 16, 2014

Headline News from PaymentsNews.com - September 16, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

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

September 15, 2014

Headline News from PaymentsNews.com - September 15, 2014

On the Web:

  • The New AmEx - Barron's - "While 64% of card purchases were for travel and entertainment in 1990, those areas now make up just 26% of spending on the cards."
  • The Critical Path #122: Where the Money is - Asymco.com (Horace Dediu) - "How and why does Apple get paid for Apple Pay? Anders and Horace dive into the payments value chain and break it all down for you: whats in it for users, merchants, issuing banks and payment networks."
  • Why Apple Pay could succeed where others have had underwhelming results - ArsTechnica - "Instead, Apple Pay will succeed where others have seen only tepid results because of timing (that key element in both comedy and product launches)."
  • Did Apple just become a big bank? - TheHill.com - “People have been paying in the United States using plastic cards for 40 years. This is, without question, the most significant technological change in payments in four decades.”
  • The Digital Wallet Revolution - New York Times - "That’s the sort of thing that the current generation of digital wallets already promises; the only obstacle is adoption by retailers. But that won’t be an obstacle for long. Frictionless exchange is a killer app."
  • Digital Wallets - Credit Slips (Adam Levitin) - "The term "digital wallet" gets used a lot without much precision. It's important to understand what a digital wallet is, and isn't."
  • Mobile operators abandon joint 'wave and pay' project as Apple looms - Telegraph (UK) - "Weve, a company owned by EE, O2 and Vodafone, has abandoned plans for a standard 'mobile wallet’ service that it was hoped would make it easier for retailers and banks to work with the operators."
  • The ATM and the Battle for Bitcoin’s Physical Interface - CoinDesk - "The ATM Industry Association released a position paper on bitcoin ATMs this month, calling for greater regulation and welcoming bitcoin ATM operators into the fold."

On the Wires:

Updates from Glenbrook:

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

September 12, 2014

Headline News from PaymentsNews.com - September 12, 2014

On the Web:

On the Wires:

  • Prepared Remarks of CFPB Director Richard Cordray at the Consumer Advisory Board Meeting - CFPB - "In short, at the Consumer Bureau, we are not content just to watch technology unfold before considering and taking appropriate action as it affects consumers in the financial marketplace. We intend to move forward alongside industry, keeping an eye out to protect consumers as these new technologies develop, not simply after-the-fact."
  • TSYS and iMobile3 Partner to Provide Apple Pay Integration - “TSYS’ partnership with iMobile3 allows our merchants to interact and connect with customers using a best-in-class mobile storefront experience and allows secure payments with Apple Pay. We expect Apple’s entry into mobile payments to revolutionize the industry and we are happy to be at the forefront along with iMobile3,” said Craig Ludwig, head of product, TSYS Merchant Services.

Updates from Glenbrook:

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

September 11, 2014

Headline News from PaymentsNews.com - September 11, 2014

On the Web:

  • Apple Pay Stirs, But Doesn’t Shake, the Mobile Landscape - PaymentsViews.com (George Peabody) - "Looked at it from the payment context alone, Apple Pay does not do a great deal more than what Softpay/Isis and Google Wallet have already achieved. But the combination of Apple’s design focus and its assumption of a reasonably non-threatening role within the payments ecosystem should make a difference."
  • MasterCard Loses EU Court Case Over Interchange Card Fees - Wall St. Journal - "Europe's top court on Thursday backed a decision by the European Commission to ban cross-border fees set by MasterCard on the grounds that they harmed competition."
  • How Apple Pushes Entire Industries Forward - HBR Blog Network (Maxwell Wessel) - "Apple used its power as an impatient convener to move an industry. Yesterday, Tim Cook showed that, like the White House, when Apple calls, you answer."
  • How Apple Pay works and why it matters for developers - Clover Developers Blog - "Apple Pay marks the first time a popular operating system is making payments a platform service for real-world, non-digital-good transactions, in a broad, inclusive manner that is compatible with the mainstream payments processing industry."
  • Apple Pay and the CFPB - Credit Slips (Adam Levitin) - "I think Apple may have just become a regulated financial institution, unwittingly. Basically, I think Apple is now a "service provider" for purposes of the Consumer Financial Protection Act, which means Apple is subject to CFPB examination and UDAAP."
  • 8 ways that iOS 8 will change mobile engagement - Mobile Commerce Daily - "Over the last five years, push notifications have grown from a developer tool to deliver alerts to users to become the most transformative marketing technology of the last decade, driving dramatically greater consumer response than traditional channels such as email."
  • Coinbase Expands Internationally, Now Available In 14 Countries - Coinable Blog - "Coinbase is now available in 14 countries. We’re adding 13 additional countries across Europe including Italy, Spain, France, Belgium, the Netherlands, Austria, Cyprus, Finland, Greece, Latvia, Malta, Portugal, and Slovakia."

On the Wires:

Updates from Glenbrook:

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

September 10, 2014

Headline News from PaymentsNews.com - September 10, 2014

On the Web:

On the Wires:

  • Bank for International Settlements: Non-banks in retail payments - "In a report published today by the Committee on Payments and Market Infrastructures (CPMI), central bankers examine the role of non-banks in retail payment services and analyse the implications of the growing importance of these entities in retail payments. The report, Non-banks in retail payments, is based on several fact-finding exercises that were conducted to support the analysis..."
  • Fiserv Financial Institution Clients Can Keep their Cards at the Top of the Mobile Wallet with New Tokenization Capabilities - “Fiserv is equipping our clients to meet growing consumer demand for payments from their mobile device, whether they are paying a bill, paying another person or making a purchase. Our partnerships with Visa and MasterCard to support tokenization, and our planned support of tokenization through our own Accel network, are part of our overall commitment to bringing secure and simple digital payment solutions to our clients and their customers.”

Updates from Glenbrook:

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

September 09, 2014

Apple Introduces iPhone 6 and iPhone 6 Plus - and Apple Pay

Apple logo 140pxAt a launch event this morning in Cupertino, Apple introduced the iPhone 6 and the iPhone 6 Plus with larger screen sizes and improved performance over the current iPhone 5s.

While the new phones include new, faster processors, wireless speeds, etc, the big payments news was the announcement of Apple Pay.

Apple Pay is Apple's first step toward a new vision for replacing the wallet - starting first with payments. Based on NFC and the addition of a Secure Element in the iPhone 6 and iPhone 6 Plus, Apple Pay will support both physical POS and online payments - using the Touch ID biometric sensor as the authentication mechanism for complete the payment.

Apple Pay will launch in the US in October as an upgrade to iOS 8. Apple says that credit card issuers representing 83% of US credit card purchase volume will support Apple Pay at launch - including Chase, Citi, Bank of America, Capital One, American Express, US Bank, Barclays, Navy Federal Credit Union, and USAA.

And, Apple also introduced a new Apple Watch...and you can use the Watch to pay using Apple Pay.

Headline News from PaymentsNews.com - September 9, 2014

On the Web:

On the Wires:

  • Apple Announces Apple Pay - “Security and privacy is at the core of Apple Pay. When you’re using Apple Pay in a store, restaurant or other merchant, cashiers will no longer see your name, credit card number or security code, helping to reduce the potential for fraud,” said Eddy Cue, Apple’s senior vice president of Internet Software and Services.
  • Apple Announces iPhone 6 & iPhone 6 Plus—The Biggest Advancements in iPhone History - "For the first time iPhone is available in two new sizes: iPhone 6 features a stunning 4.7-inch Retina® HD display with 1334 x 750 resolution, providing 38 percent more viewing area than iPhone 5s, while iPhone 6 Plus features an even bigger 5.5-inch Retina HD display with 1920 x 1080 resolution, providing 88 percent more viewing area and nearly three times the pixels than iPhone 5s."
  • MasterCard Works with Apple to Integrate Apple Pay - “We have been a pioneer of mobile commerce innovation for years – including the world’s first contactless and mobile payment solutions. We're thrilled that MasterCard cardholders will soon be able to make payments from their iPhone 6, iPhone 6 Plus and Apple Watch, knowing that every purchase is secure and offers all the same guarantees and benefits they've come to expect from using their MasterCard.”
  • Visa and Apple Opening a New Era of Payments on Mobile Devices - “Combining the trust, scale and security of Visa payments with Apple Pay will accelerate adoption of mobile payments,” said Charlie Scharf, Chief Executive Officer, Visa Inc. “We said from the beginning that token services would provide great new consumer and merchant experiences, and you’re seeing it today in our efforts with Apple, and there’s more to come.”
  • Capital One Brings Payment Innovation to Customers with Apple Pay - “Working with Apple, we’re excited to bring Apple Pay to tens of millions of Capital One customers,” said Frank LaPrade, Chief Enterprise Services Officer, Capital One Financial Corporation. “We are laser-focused on the evolution of digital products and services. Our goal is to provide our customers with payment options that help them succeed and simplify their lives.”
  • U.S. Bank Provides Customers an Easy Way to Pay with Apple Pay - “Having been a part of a group of industry leaders paving the way to more convenient and secure mobile and online payments, it’s clear that Apple Pay is a tremendous step forward,” said Pamela Joseph, vice chair and head of the payments division at U.S. Bank. “Consumers are never far from their mobile devices, so making it safer and easier to pay with those devices is great news for our customers and for the industry. Combining Apple’s history of innovation with the scale and loyalty of U.S. Bank, Apple Pay has the ability to impact and drastically accelerate the adoption of mobile payments."
  • Visa Launches Innovative Token Service - "Visa Token Service replaces sensitive payment account information found on plastic cards with a digital account number or “token”. Because “tokens” do not carry a consumer’s payment account details, such as the 16-digit account number, they can be safely stored by online merchants or on mobile devices to facilitate ecommerce and mobile payments."
  • NCR to Help Industries Integrate Apple Pay - “With Apple Pay, Apple has transformed mobile payments and will have an impact on the industry like never before. We are thrilled to be working closely with Apple to help Retail and Hospitality customers integrate this new method of payment into their operations, providing an easy, safe and secure way to pay with a single touch,” said Jimmy Fortuna, Vice President of Product Development and Chief Technology Officer, NCR Hospitality.
  • The Debut of Apple Pay Creates a Dynamic New Platform for Powerful First Data Transaction Technology - “Apple Pay has transformed mobile payments in a way that our clients will love, and will have an impact on the industry like never before,” said Frank Bisignano, First Data’s Chairman and CEO. “We’re thrilled to bring First Data solutions to support Apple Pay, along with the financial institutions, merchants developing apps and consumers to provide an easy, safe and secure way to pay with a single touch.”
  • TSYS Supports Apple Pay - “TSYS’ support of Apple Pay is a landmark opportunity for us and demonstrates our people-centered approach to payments for all parties in the payments ecosystem,” said M. Troy Woods, president and chief executive officer, TSYS. “Our number one priority is security for the banks and retailers we serve, so their customers can conduct their lives with confidence and convenience. Apple Pay will change the face of the mobile payments industry and our role in the digital marketplace.”
  • The Home Depot Provides Update on Breach Investigation - “We apologize for the frustration and anxiety this causes our customers, and I want to thank them for their patience and support as we work through this issue,” said Frank Blake, chairman and CEO.

Updates from Glenbrook:

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

September 08, 2014

Headline News from PaymentsNews.com - September 8, 2014

On the Web:

On the Wires:

  • BitPay Opens Larger Amsterdam Office - “Europeans are familiar with multiple currencies and are at the forefront of mobile technology adoption, so it’s easy to see why bitcoin is popular and widely-used.”

Updates from Glenbrook:

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

September 05, 2014

Headline News from PaymentsNews.com - September 5, 2014

On the Web:

On the Wires:

  • Catalina Acquires Cellfire, Becomes Leader in CPG Load-to-Card Digital Couponing - "Catalina, the personalized digital media company, today announced that it has entered into a definitive agreement to acquire Cellfire, the leading provider of load-to-card (L2C) digital coupons in the consumer packaged goods (CPG) market. In response to shopper demand for digital and mobile coupons, this acquisition makes Catalina the leading provider of L2C digital coupons in the CPG industry..."

Updates from Glenbrook:

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

September 04, 2014

Headline News from PaymentsNews.com - September 4, 2014

On the Web:

  • Top of Mind Payment Issues in Europe - PaymentsViews.com (Elizabeth McQuerry) - "One overarching point is that even as the Euro serves as a common currency in 18 countries, you really can’t think in terms of “European payment preferences”. Rather, there are German payment preferences, French payment preferences, and so on."
  • McDonald’s preparing for launch of NFC-based mobile payments system - Mobile Commerce Daily - "An internal memo sent to McDonald’s franchises this week informed employees that they must be trained on the near-field communication (NFC) payment systems by Monday, Sept. 15..."
  • Merchants Will Decide The Fate of Apple's Mobile Wallet - Forrester (Denée Carrington) - "To be successful, Apple’s wallet must have a compelling merchant value proposition - like lowering a merchant’s operational costs or helping to drive more revenue - in order to win merchant acceptance and preference at checkout."
  • Top US Colleges Begin Offering Bitcoin Courses - CoinDesk - "Professor Geoffrey Miller taught the first class of NYU’s new course, The Law and Business of Bitcoin and Other Cryptocurrencies, yesterday."
  • Peter Thiel's contrarian strategy - Fortune - "Among students of business, PayPal may be known less for its own success than for the subsequent achievements of the people Thiel helped attract to build it."
  • Episode 565: The Story Of Alibaba - NPR Planet Money Podcast - "You can think of Alibaba like Amazon or Ebay, except you can buy way more on Alibaba — you can get a used 747 airplane, or an oil tanker, or 500 million tiny screws."

On the Wires:

  • FIS Brings Instant P2P Payments Capabilities to EverBank - “EverBank clients want to be able to quickly send payments online or from their mobile phones to friends, family or colleagues, using just an e-mail or mobile number, and they trust us to provide those payment services safely and securely,” said Vincent Amato, EverBank senior vice president and director of banking operations. “FIS People Pay allows us to provide such a service, fully branded to our bank, so our clients have the safe, secure payment services they’re looking for.”
  • Pizza Hut and Visa Checkout Ready to Dish Up A Million Pizzas - “Visa Checkout offers our customers another simple and secure way to quickly order online from Pizza Hut, and we’re excited to be the first pizza company to pass along this convenience to consumers,” said Carrie Walsh, chief marketing officer for Pizza Hut. “With this incredible offer of one million pizzas we think people will be energized to experience this latest technology.”

Updates from Glenbrook:

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

September 03, 2014

Headline News from PaymentsNews.com - September 3, 2014

On the Web:

On the Wires:

  • Merchant Customer Exchange Unveils its Mobile Payment Network – CurrentC™ - "CurrentC is a software-based solution that works with most existing point-of-sale and payment terminals — providing merchants large and small with a cost-effective entry point into the mobile payments movement. CurrentC will utilize a secure paycode and will not require additional hardware from most customers or merchants."
  • A Message from CEO, Michael Abbott: Isis Wallet is Becoming Softcard - "Together with a simple and flexible visual system, the inherent simplicity of Softcard gives it the potential to become a category defining name. That’s a bold aspiration, but one that matches the breadth of our vision."
  • MasterCard Announces Inaugural MasterCard Start Path Class - “The opportunity to work closely with each of our Start Path startups that are experimenting with the next generation of commerce solutions is really exciting,” said Stephane Wyper, MasterCard Start Path Global Lead. “We’re looking forward to rolling up our sleeves with the companies to tackle immediate challenges as they scale their business by connecting them directly with subject matter experts from across MasterCard and the global partners we work with.”
  • NFL Fans Score with Visa Checkout - The Easier Way to Pay Online - Through our relationship with merchants on creative customer promotions, we’re showcasing the easier way to pay online in a really powerful way,” said Antonio Lucio, chief global brand officer, Visa Inc. “This campaign is a great example of how Visa is teaming up with leading merchants to showcase a better way to pay online. It also allows millions of consumers to experience and enjoy first-hand how, with Visa Checkout, we’ve brought the simplicity and speed of the ‘swipe’ to the online world.”
  • Acquisition of Clear2Pay Bolsters FIS’ Enterprise Payments Portfolio - "This strategic acquisition demonstrates our commitment to delivering the technologies and assets that will enable our clients, especially large and global institutions, to realize a truly modern payments environment that encompasses all customer channels, simplifies payment operations, reduces costs and provides a better customer experience.”
  • Fiserv Redesigns Corillian Online Banking to Deliver a Simplified, Tablet-Inspired User Experience - “Online banking continues to be the foundational experience of digital banking,” said Jim Tobin, senior vice president and general manager, Digital Channels, Fiserv. “It’s important to get online right, because so many other channels extend from it, and that is why we put so much thought into the redesign of Corillian Online ASP."
  • Late Payment Culture Hinders Growth for Global Businesses - "Over half (57%) of international businesses surveyed by Basware and MasterCard admit to having actively delayed paying their suppliers in the past 12 months. The findings underscore a late payment culture, which three out of four businesses now consider normal practice, that is hampering in particular small and medium-sized enterprises (SMEs)"

Updates from Glenbrook:

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

September 02, 2014

Who’s a Better Fraud Investigator — You or Your Bank?

PaymentsViews logo 140pxGlenbrook's Jay DeWitt recently asked readers to participate in an online survey asking about card fraud detection. In a followup post this morning on PaymentsView.com, Jay shares the results from the survey.

The results are in and, well, it looks like it’s more or less a tie: cardholders initially detected card fraud slightly more often than their issuers. But when a second instance of fraud was experienced by those same cardholders, it was the issuer that was the first to notice the bogus transaction.
Read the full post and share your comments with Jay over on PaymentsViews.com!

Headline News from PaymentsNews.com - September 2, 2014

On the Web:

On the Wires:

  • EPIC and U.S. Bank Multi Service Aviation Network Announce Global Card Acceptance - “EPIC has tapped into the power of our well-established platform for processing card transactions,” said U.S. Bank Payment Sales and Client Relationship Executive Jeff Rankin. “Adding the EPIC Card as a payment option at all of our FBO-serviced locations makes both the EPIC Card and the U.S. Bank Multi Service Aviation Network even more convenient for customers.”
  • Monitise : Board and Executive Management Changes - "Mike Dreyer, former Global Head of Technology at Visa Inc., has been appointed President, Americas. Mike, who now oversees all sales activity and major accounts spanning the US, Canada and Latin America, reports to Monitise co-CEO Elizabeth Buse."
  • IDology and Jumio Partner to Enhance the Manual Document Review Process - “IDology and Jumio share the same goal – to make identity verification easy for businesses while simultaneously making that process seamless and without hassle for the customer,” said Daniel Mattes, Founder and CEO, Jumio.

Updates from Glenbrook:

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

August 29, 2014

Headline News from PaymentsNews.com - August 29, 2014

On the Web:

On the Wires:

  • MasterCard-branded National eID Card Launched in Nigeria - "The eID card forms a key component of the Nigerian Identity Management System, deployed by NIMC as part of its mandate to create, maintain and operate the country’s first central National Identity Database and provide proof of identity to Nigerians 16 years and older."

Updates from Glenbrook:

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

August 28, 2014

Headline News from PaymentsNews.com - August 28, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

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

August 27, 2014

Headline News from PaymentsNews.com - August 27, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

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

August 26, 2014

Headline News from PaymentsNews.com - August 26, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

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

August 25, 2014

Headline News from PaymentsNews.com - August 25, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

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

August 22, 2014

Headline News from PaymentsNews.com - August 22, 2014

On Twitter:

On the Web:

On the Wires:

Updates from Glenbrook:

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

August 21, 2014

Square Introduces Square Analytics for Merchants

Square logo 140pxSquare has announced Square Analytics, an addition to its Register service that "delivers sellers actionable data to increase sales and better serve their customers." Square Analytics integrates the full suite of Square Register products including Pickup, Invoices, and Appointments.

Building on the sales data to which Square sellers already have access, Square Analytics delivers information including most-popular items and categories, busiest time of day, and a holistic view of customer spending. It also shows how a seller's business is performing compared to others in their industry. Buyer insights show sellers useful customer information. Sellers can see new vs. returning customers as well as customer frequency, recency, and average customer spend.

Headline News from PaymentsNews.com - August 21, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

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

August 20, 2014

Headline News from PaymentsNews.com - August 20, 2014

On the Web:

  • Introducing the Uber API - Uber Blog - "As of today, we officially open—to all developers—access to many of the primitives that power Uber’s magical experience. Apps can pass a destination address to the Uber app, display pickup times, provide fare estimates, access trip history and more."
  • Uber Launches An Open API With 11 Partners, Including OpenTable, TripAdvisor, and United Airlines - TechCrunch - "That means any app that can send a destination address to Uber will be able to display pickup times and fare estimates without users having to leave their apps. For a small set of select partners, Uber will also allow users to request a car without having to open its own app."
  • A Chain Funding Update - Chain Blog - "Today, we’re pleased to announce that Chain has closed a $9.5M round of funding led by Khosla Ventures, who are joined by return backers RRE Ventures, Thrive Capital, and SV Angel."
  • UPS Investigating Possible Security Breach - New York Times BITS Blog - "UPS hired an information security firm and discovered that the malware was on its in-store cash register systems at 51 of its locations in 24 states, roughly 1 percent of UPS’s 4,470 franchises throughout the United States."
  • Wells Fargo Launches Accelerator To Promote Innovation In Financial Services - TechCrunch - "Sahni said the company had informally been running an accelerator-like program for years, looking out for smaller companies and helping them prepare for “prime time.” Now the bank is making it official so that it can give these startups exposure and guidance from across the company."
  • First Data, a Payment Processing Giant, Looks Beyond the Swipe - StreetFight - "Senior Vice President of First Data Ventures Peter Donat said the partnership will allow First Data to improve its analytics platform, which uses sales information to create actionable solutions for small to midsized businesses."
  • This is how PayPal will take over your phone - VentureBeat - "Braintree’s new SDK, combined with this new payment feature, has the potential to make PayPal the go-to payments destination for mobile consumers and developers alike."
  • Forget Passwords. Now Banks Can Track Your Typing Behavior On Phones - Forbes - “We’re monitoring the small stuff,” says Neil Costigan, founder of Behaviosec, the Swedish security startup behind the recent roll-out. “The flight between the keys, which corners of the keys you tend to hit, where you pause."

On the Wires:

Updates from Glenbrook:

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

August 19, 2014

Braintree and PayPal Bring Developers One Touch Mobile Payments

Braintree logo 140pxIn a blog post this morning, Braintree's Bill Ready introduced a new way to pay on mobile devices - called One Touch (available in beta). Ready writes:

With just a few lines of code, app developers will now be able to accept payments from millions of PayPal users… in one touch. Typing in and remembering userIDs, passwords and card numbers will quickly become a thing of the past as one touch payments will be the magical experience that customers expect, turning shoppers into buyers and app downloads into active users.
Writing on ReadWrite, Owen Thomas notes that One Touch is "a service that lets any Braintree-powered app tap into credit cards a user has already stored with another app in the Braintree family" - including the PayPal mobile app. One Touch builds upon Braintree's earlier Venmo Touch service - which it acquired in 2012.

Headline News from PaymentsNews.com - August 19, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

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

August 18, 2014

Headline News from PaymentsNews.com - August 18, 2014

On the Web:

  • Hostility in Payments - LinkedIn (Scott Loftesness) - "The recent entry of Amazon.com into the small merchant mobile POS card acceptance market may signal the last phase of increasing hostility in the US merchant acquiring segment of the card payments business."
  • Host Card Emulation 101 (White Paper) - Smart Card Alliance - "This white paper was developed by the Smart Card Alliance Mobile and NFC Council to provide an educational resource on host card emulation (HCE), describing what it is, how it’s used, how it compares with the secure element (SE)-based card emulation approach, what key considerations are for payment applications, and what security aspects should be considered for HCE-enabled applications."
  • Banks, Retailers Speed Up Drive to Add Chips to Credit, Debit Cards - Wall St. Journal - "Although the cards still have a magnetic strip on the back to be used at merchants that haven't upgraded their technology, the computer chips don't work with a swipe at the register. Instead, shoppers slide the card into the bottom of the terminal and leave it there while the purchase is processed."
  • Three Trends That Will Make A Difference In Mobile Payments - TechCrunch (Alberto Jimenez) - "Those with a history in the mobile payments industry know that it has been a slow (and mostly disappointing) journey."
  • Coinbase Acquires Blockr.io, Welcomes New Staff - Coinbase Blog - "Today, we’re excited to announce that Coinbase has acquired Blockr.io. As part of the acquisition, we’re able to welcome two of its exceptionally talented employees to the Coinbase team: software engineer Sašo Matojina and designer Samo Drole."
  • CFPB Warning Ignores Bitcoin’s Consumer Protections - CoinDesk (Jon Matonis) - "While we should definitely heed the risks within a digital currency environment, just as we heed the risks inherent with physical money, we should be equally aware of the additional financial protections provided by bitcoin that are so critical for maintaining a free society."
  • How Bitcoin might transform international payments — a lifeline for millions - VentureBeat - "Remittance payments are a lifeline. ... Many of the financial institutions that move money back and forth charge exorbitant fees to keep that lifeline open—sometimes ten percent or more."

On the Wires:

  • Simon And Blackhawk Network Expand Relationship With Enhanced Visa Simon Giftcard - "Blackhawk's product gives us access to more consumer demanded features and the new deal will allow consumers to have the added convenience of buying our newly branded Simon Giftcard at participating Blackhawk distribution locations nationwide."
  • Navicure Launches New Patient Payment Platform - “To continue to thrive, healthcare organizations must collect patient payments at or near the time of service and no longer rely solely on patient statements, which can come months after care and long after the patient remembers what procedures were performed."

Updates from Glenbrook:

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

August 15, 2014

Headline News from PaymentsNews.com - August 15, 2014

On the Web:

  • Why So Many Card Breaches? A Q&A - Krebs on Security - "For example, in my own economic analysis of the 40 million cards stolen in the Target breach, I estimate that the crooks responsible for that breach managed to sell only about 2-4 percent of the cards they stole."
  • Paper Boys - Inside the Dark, Labyrinthine, and Extremely Lucrative World of Consumer Debt Collection - New York Times Sunday Magazine
  • First Data vows lower fees in entry to Brazil payment market - Reuters - "First Data Corp plans to enter Brazil's card payment processing market through lower fees and additional services, a sign that robust demand for plastic money in Latin America's largest economy may not be enough for newcomers to gain market share."
  • On Prepaid - Finsurgency (Matt Harris) - "It is telling that the latent threat to financial institutions was always Wal‐Mart, and, in fact, prepaid partnerships with GreenDot and American Express enabled that latent threat to become very real."
  • Yahoo Dusts Off E-Commerce Service to Juice Revenue - Wall St. Journal Digits Blog - "In addition to renaming the service to Yahoo Stores, the company has added new tools for handling payments and building mobile versions of their storefronts, said Amit Kumar, head of Yahoo Small Business, in an interview."
  • For Merchants, Bitcoin Shows More Pop Than Potential - New York Times Dealbook - "There are benefits for merchants in offering Bitcoin as a payment option — lower processing fees rank high on the list — but some have questioned whether accepting virtual currency amounts to anything more than a marketing gimmick."
  • German Startup Says Its New Chip Halves Bitcoin Mining Energy - Wall St. Journal Digits Blog - "A German start-up is looking for funding to produce a new high-performance microchip that it says would make bitcoin mining much less energy intensive, and thus cheaper."

On the Wires:

Updates from Glenbrook:

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

August 14, 2014

Headline News from PaymentsNews.com - August 14, 2014

On the Web:

On the Wires:

  • BitPay Expands San Francisco Office - "As part of the recent growth, the company has named Sonny Singh as its Chief Commercial Officer to oversee all sales operations. With over 15 years of experience in helping to grow tech companies, Sonny will be responsible for increasing BitPay’s customer base of over 40,000 merchants."
  • DISH Accepts Its First Bitcoin Payment - "Austin and Beccy Craig, the stars of a new documentary film “Life on Bitcoin,” were the first DISH customers to pay with the digital currency. The Craigs spent the first 101 days of their marriage paying exclusively with bitcoin. The documentary will soon be released chronicling their adventure and educating viewers about bitcoin."

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!

Glenbrook Partners

PAYMENTS NEWS IS PRODUCED BY AND IS A SERVICE MARK OF GLENBROOK PARTNERS, LLC
ISSN 1556-4487

Glenbrook's Consulting Services

  • Innovation and Strategy
  • Payments Product Development
  • Payments Market Assessments
  • Payments Vendor Selection
  • Merchant Payments Optimization
  • Payments Risk Management
  •  
  • To discuss how Glenbrook can
    help you
    , email us:

Glenbrook's Payments Education

  • Payments Boot Camps
  • Payments Essentials Webinars
  • Private Payments Workshops
  •  
  •  
  •  
  •  
  • For more information on Glenbrook's payments education, email us:

Tools for Payments Professionals

  • Glenbrook Writings
  • Payments News
  • Payments Views
  • Payments Jobs
  • Payments Education
  • Payments Bookstore
  •  
  • To send us news that you'd like us to cover on Payments News, email us:

Contacts:                        
Compilation Copyright © 2002 - 2014 Glenbrook Partners LLC. All Rights Reserved.
Terms of Use        Privacy Policy        RSS Feed        Payments News RSS Feed

Subscribe to Payments News   

Follow Payments News on Twitter for Real-Time Updates