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Welcome to the News View for "Payments Views".

Here, on these archive pages, you'll find all of the articles on Payments News for Payments Views listed in date sequence beginning with the most recent article at the top of the page.

Click here for a complete listing of what's available in the Payments News Archive - organized by both posting date and subject category.

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April 17, 2014

Headline News from PaymentsNews.com - April 17, 2014

On the Web:

On the Wires:

  • MasterCard Board of Directors Recommends Two New Candidates for Election - “The world continues to get smaller and technology opens new doors every day,” said Richard Haythornthwaite, Chairman of the Board, MasterCard. “MasterCard is advancing to meet consumer, business and societal needs in an increasingly digital world, while maintaining a focus on convenience and security. Merit and Julius’ experience and insights will add to and complement our existing Board as we pursue this vision.”
  • Warburg Pincus To Acquire Electronic Funds Source - "Warburg Pincus ... today announced it has entered into a definitive agreement whereby one of its affiliates will acquire 100% of Electronic Funds Source LLC, a leader in innovative corporate payments solutions, from an investor group including First Data Transportation Services, Inc., CTP Holdings LLC and FJ Management Inc."
  • Lending Club Acquires Springstone - "As part of the financing of this transaction, Lending Club also announced the closing of an equity capital raise. Investors in the $65 million round included funds and accounts managed by T. Rowe Price Associates, Inc., Wellington Management Company, LLP, BlackRock and Sands Capital."
  • Worldpay Launches China Sales Office - "The Shanghai office is headed up by Tang Kok San, VP – Business Development China, and will offer all of Worldpay’s e-commerce customer-facing functions, including relationship management and corporate support."

Updates from Glenbrook:

April 01, 2014

A Look at a Modern API for Card Data

PaymentsViews logo 140pxIn an article titled "Plaid – A Modern API for Card Data", Glenbrook's Russ Jones writes for PaymentsViews.com about Plaid - a new startup company that Russ says "is making the first serious attempt we’ve seen in a while that rethinks the quality of the transaction data."

Every consumer knows how confusing it can be to open up a statement or view their recent activity and find a bunch of transactions for purchases that are not obvious at first glance or maybe not even obvious after a detailed investigation. What is this? Is this a gas station? Was that me or somebody else using my card? And that’s with human reasoning. It gets a lot worse when you try to couple that level of transaction data quality with analytics and third party apps.

Be sure to read more of Russ' thoughts - and share your comments!

March 25, 2014

Same Day ACH - A Step (or Lurch) Ahead...

PaymentsViews logo 140pxIn an article titled "Same Day ACH – A Step (or Lurch) Ahead" on our PaymentsViews.com blog, Glenbrook's Carol Coye Benson writes about last week's announcement by NACHA that it has plans for a phased introduction of same-day settlement for ACH. Carol spoke earlier today with NACHA President and CEO Jan Estep.

Carol writes:

For now, Estep emphasizes that this is the important settlement “layer” – and that products and services will be defined by financial institutions that can rely on the reduced counterparty risks enabled by this initiative. NACHA’s vision is that same day settlement will start with “push” credit transfers – for all ACH types, including P2P, payroll, bill payment and B2B. Receiving banks (RDFI’s in the ACH system) would be required to receive the transactions, and rules are expected to specify same-day posting to recipient accounts.

Be sure to read Carol's article and add your comments on NACHA's new initiative.

March 20, 2014

What Comes After Bitcoin?

PaymentsViews logo 140pxOn our PaymentsViews.com blog, Glenbrook's George Peabody writes about math-based currencies:

Don’t get too attached to how Bitcoin looks today. It or its immediate successor is going to change. Moving to another math-based currency may be in your future because we are only at the end of the beginning of the math-based currency journey.

Read and comment on his post here!

March 13, 2014

A Look at the Evolution of Payments in Southern Africa

PaymentsViews logo 140pxIn a new post titled How to Get Along and Do Good on our PaymentsViews blog, Glenbrook's Elizabeth McQuerry writes about recent developments with payments in southern Africa led by the efforts of the Southern African Development Community (SADC).

Building on a new base of real time gross settlement (RTGS) systems in most countries (efforts supported by the World Bank), the central bank governors in the SADC countries agreed back in 2009 to deploy the additional infrastructures needed to easily exchange bank to bank payments among the SADC countries. These systems have become a regional inter-bank settlement system and a regional clearing capability for EFT credits and debits.
Be sure to read the rest of her post and comment here.

March 03, 2014

Cards and Wallets and Mobile Payments - Oh My!

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

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

February 27, 2014

The Chernobyl of Payments?

PaymentsViews logo 140pxIn an article titled "Is the Target Breach the Chernobyl of Payments?" on our PaymentsViews.com blog, Glenbrook's Allen Weinberg says he's "been thinking that the Target breach has become the Chernobyl of the payments world."

I’m wondering if we, who unlike Europeans and others, can’t be bothered to use Verified by Visa and MasterCard SecureCode because “we’re protected anyway”, may be taking a different view of who we give our payment credentials to after “Payments Chernobyl” and what steps we’ll be willing to take to protect our accounts.

Has the Target breach affected your use of cards for payments? Read Allen's article and add your comments - he'd enjoy hearing from you.

February 26, 2014

New on PaymentsViews.com: Mt.Gox Collapses, Bitcoin Shrugs It Off

PaymentsViews logo 140pxIn a post on our PaymentsViews.com web site, Glenbrook's George Peabody takes a look at recent Bitcoin events - and writes "This is not, however, an existential event for Bitcoin as some news outlets have claimed."

February 24, 2014

Dispatch from the Smart Card Alliance Payments Conference

PaymentsViews logo 140pxIn a post over on our PaymentsViews.com blog, Glenbrook's George Peabody provides an update from his visit to the Smart Card Alliance Payments Conference held earlier this month in Salt Lake City.

This year, for EMV in the USA, that groundhog must not have seen his shadow because the card standard’s long winter in the US looks to be ending and, while hardly early, this may be springtime for EMV in the USA.

February 12, 2014

What’s the Difference Between Card Acceptance and a Deposit?

GP Logo Horizontal 140pxGlenbrook's Carol Coye Benson has just posted an article on our PaymentsViews.com blog asking the question: "What’s the difference between card acceptance and a deposit?"

In both cases, money is being delivered into a merchant’s bank account – in fact, a purist would point out that a deposit actually is the last stage of card acceptance for a merchant.

But consider instead a different kind of deposit – something that is more like the deposit of your salary into your bank account. In the U.S., this is done through our ACH system. Your employer sends a file to their bank, and a day or two later money is deposited into your account.

Your bank doesn’t charge you for accepting this deposit – in fact, they are glad to have your money come in. They pay a tiny processing fee to the ACH operator who sends the file to them. But no one pays anything like the “merchant discount fee” that a card-accepting merchant pays.

Be sure to read the full article - and share your comments with her!

January 30, 2014

PaymentsViews.com: The Biggest Mobile Payments Story You’ve Never Heard

PaymentsViews logo 140pxIn an article titled The Biggest Mobile Payments Story You’ve Never Heard over on our PaymentsViews.com blog, Glenbrook's Elizabeth McQuerry writes about developments in mobile payments in Latin America. Elizabeth writes:

As we move into 2014 – yet (again) the year when many say mobile payments are destined to gain traction – let’s look at some key developments in the space. No, I’m not talking about the newest pilot participant in ISIS or whether Apple will be the new sheriff in town. Instead, let’s look to the south to where the foundation is being laid for mobile payments to take hold in a few Latin American countries.

If you're so inclined, Elizabeth would appreciate your comments on the article!

January 13, 2014

The Age of Context and Security - on PaymentsViews.com

PaymentsViews logo 140pxGlenbrook's George Peabody has just posted "The Age of Context and Security" in which he explores a set of new technologies that he believes could, in combination, "produce a defense in depth that we have not enjoyed for some time."

Combining the smartphone and the cloud, five “Age of Context” technologies or ACTs as I’m calling them, will change how we live, interact, market, sell, and navigate through our daily and transactional lives, if they haven’t already. The many combinations and intersections of these technologies are raising expectations, and concerns, over what’s to come. Everyone has a stake in the outcome: consumers, retailers, major CPG brands, watchdog organizations, regulators, politicians, and the likes of Google, Apple, Microsoft, Amazon, eBay / PayPal, and the entire payments industry.
In this post, George explores some of these technologies and how they could be combined and used to enhance overall payment system security. He'd welcome your reactions and comments!

January 10, 2014

A Look at Payments Regulation in the US and Innovation

PaymentsViews logo 140pxIn a post titled "Payments Regulation in the United States is Hampering Innovation (Really?)" over on PaymentsViews.com attorney Broox Peterson shares his perspective on payments regulation in the United States and its effect on innovation.

The process of identifying and complying with payments regulation that applies to a startup business is probably less daunting than common perceptions of the process, caused in part by the arm-waving of lawyers and compliance specialists (like me) trying to scare startup businesses to take the regulatory requirements seriously, and perhaps over-succeeding. So let me take a stab at dialing back some of the hysteria over payments regulation."
Broox has done a lot of work in and around this space - his perspective is a very thoughtful one. Share your reaction by adding a comment at the end of his article.

January 09, 2014

New on PaymentsViews.com: Bitcoin in 2014

PaymentsViews logo 140pxOn PaymentsViews.com, Glenbrook's George Peabody takes a look at the year past and the year ahead for Bitcoin.

Unlike so many Internet phenomena, moving money is not amenable to revolution. Steady evolution is required to build confidence. 2014 should see math-based currencies settle down to the work of proving themselves through continued experience and experimentation.
What are your thoughts about Bitcoin for the year ahead? Add your comment to George's post!

December 30, 2013

Happy New Year from Glenbrook!

Happy New Year iStock 000031208272SmallDear Friends,

What a year it has been! I recently posted an article on PaymentsViews.com summing up some of my thoughts - it begins:

Twelve months ago, there were still people in our industry who didn't know what Bitcoin was. There were still people who believed that EMV would roll out in the U.S. just like it did in the UK or Canada or ... There were still people who thought that the developing world would build payments systems that work like those of the developed world. And I could go on...but have decided to look forward, instead.

What are the key developments and ideas for payments in the year ahead? At Glenbrook, we've been thinking about the most important themes that describe both the current state of affairs and the new innovations that matter - to help bring the crystal ball into focus.

I hope you'll continue reading the rest of my article "The State of Payments: 2014" on Payments Views!

It's also been an incredible year for the team here at Glenbrook. We've particularly enjoyed our ongoing interactions with our clients and with the attendees of our boot camps and payments workshops. We thank you very much for your trust and confidence in us.

Please let your colleagues know that we have two Payments Boot Camps coming up early in 2014 - one in Palo Alto, California (February 4th & 5th) and one in New York City (March 18th & 19th). Follow this link for more information on the current agenda, testimonials, and online registration.

The world of payments continues to impress and excite us. We hope we can educate, support, and inspire each other in 2014!

Best wishes for a great 2014 from all of us here at Glenbrook.

Carol Coye Benson

December 22, 2013

The State of Payments: 2014

CarolCoyeBensonOver on PaymentsViews.com, Glenbrook's Carol Coye Benson takes a look at where we are in payments as we enter 2014.

What a year it has been! Twelve months ago, there were still people in our industry who didn’t know what Bitcoin was. There were still people who believed that EMV would roll out in the U.S. just like it did in the U.K.

In a post titled "The State of Payments: 2014", Carol writes about the six key themes "that describe both the current state and the innovations that matter" - Chaos, Embedded, Open, Easier, Faster and Secure.

Check out Carol's perspectives - and share your comments!

December 06, 2013

What We Can Learn from the Developing World About Payments?

CarolOn our sister blog PaymentsViews.com, Glenbrook's Carol Coye Benson has posted a new articled titled "It’s Complicated: What we can learn from the developing world about payments" - based on her participation on Wednesday at Bill Maurer’s IMTFI (Institute for Money, Technology and Financial Inclusion) annual conference at UC Irvine.

In developed countries, relatively affluent payments professionals may think that their estate planning, or mortgage financing, or college funding strategies are complicated, and that their “payment life” is simple. ... But all people, poor or not, have ways of dealing with the intersection of money and the complications of life. Assuming that poverty makes this simple is just wrong. The IMTFI researchers are doing a great job of illustrating this.
Continue the conversation with Carol by sharing your comments on her post or contact her directly at [email protected].

December 05, 2013

Headline News from PaymentsNews.com - December 5, 2013

On the web:

On the wires:

Updates from Glenbrook:

October 21, 2013

New on PaymentsViews.com: The Mobile Wallet Wars of 2014

PaymentsViews logo 140pxIn an article titled The Mobile Wallet Wars of 2013 over on our PaymentsViews.com blog, Glenbrook's Russ Jones writes about the distinctions between multi-merchant, general purpose wallets and merchant specific wallets and how wallets might shape up in 2014.

While the payments industry is running in circles trying to figure out the tap-and-pay challenge—which is a genuinely hard problem—merchants are deploying their own apps using the established card-on-file model.
Be sure to read Russ' thoughts and add your own comments/feedback over on PaymentsViews.com.

October 15, 2013

Musings on Money2020

PaymentsViews logo 140pxIn a post titled "Money2020: Impressions & Observations" over on our sister PaymentsViews.com site, Glenbrook's Erin McCune shares her thoughts and insights from last week's Money2020 conference in Las Vegas - and she places a bet on "real-time, good funds push payments" in the US within five years.

September 23, 2013

A Look at Brazil’s New Payments Law: Boldly Going Where Few Have Dared to Go Before?

PaymentsViews logo 140pxIn a new PaymentsViews.com article, Glenbrook's Elizabeth McQuerry takes a look at Brazil's new payments law. She writes:

Going forward, Brazil has defined its mobile payments environment and placed parameters around participation as well as what is required of those participants. Yet the legislation extends beyond the mobile payment arena into the larger payments space in also creating a new category of payment institutions. Both mobile payment providers as well as other payment services providers may elect to become payments institutions.
Be sure to read the full article - titled "Brazil’s New Payments Law: Boldly Going Where Few Have Dared to Go Before?" - and add your comments and questions!

August 18, 2013

Aggregation and Aggravation - Micropayments 2013

PaymentsViews logo 140pxOver on our PaymentsViews.com blog in a post titled Aggregation and Aggravation - Micropayments 2013, Glenbrook's Russ Jones laments the lack of a solution to micropayments - saying it's a problem that's never been solved.

Why do micropayments endure as such a challenge in payments? The problem has been the same for many years – the challenge of absorbing fixed payments costs on a small value item. In interchange terms (1.9% plus $0.10), it’s not the 1.9% that’s the problem, its the $0.10.

Russ concludes by noting that "Twenty years into the Internet revolution, the micropayment challenge remains very real for sellers that are dealing in low-cost goods and services. The challenge (or perhaps the opportunity?) will likely increase as more and more of the economy shifts from physical goods to digital goods."

August 07, 2013

Bitcoin's Growth Not With Pains

PaymentsViews logo 140pxOver on PaymentsViews.com, Glenbrook's George Peabody shares his insights from attending last week's Inside Bitcoins conference in New York City in a post titled Bitcoin's Growth Not Without Pains.

As tools for moving money, these math-based mechanisms have much to offer in terms of speed, security, and cost. It will be a balancing act to maintain those advantages while complying with current and potential regulation.

July 22, 2013

The Payments and Bitcoin Survey

PaymentsViews logo 140pxOn our PaymentsViews.com blog, Glenbrook's George Peabody announces a new Payments and Bitcoin Survey he's conducting. He writes:

Until now, what we haven’t learned is what the payments industry thinks of all this. What do the many participants in payments – from entrepreneurs, bankers, and regulators to the complex mix of entities in between – have to say about the present and future of math-based currencies like Bitcoin.
Please join us by taking the survey here!

July 17, 2013

Bitcoin, Merchant Risk, and the Need for Speed

PaymentsViews logo 140pxIn a new article titled "Bitcoin, Merchant Risk, and the Need for Speed" on our PaymentsViews.com blog, Glenbrook's George Peabody considers how Bitcoin fits into merchant requirements for speed of payment confirmation - by type of merchant.

As a consumer or a merchant accepting a bitcoin transaction, you have a few choices to make regarding transaction confirmation, essentially the time it takes for a quorum of nodes on the network to write the transaction to the block each is currently processing. It all depends on your needs and risk tolerance."

July 16, 2013

Mobile Payments Are Taking Off - On a Long Runway

PaymentsViews logo 140pxOver on our PaymentsViews.com blog, Glenbrook's George Peabody takes a look at mobile payments - vamping off a recent Reuters blog post by Felix Simon. Noting that it is less about payment and more about commerce, he lists four key elements he thinks are required to really bring mobile commerce to life.

June 27, 2013

Does PayPal Need a Bitcoin Strategy?

PaymentsViews logo 140pxOver on PaymentsViews.com, Glenbrook's Russ Jones share his thoughts on who needs a Bitcoin strategy - and, specifically, does PayPal need one?

June 16, 2013

Bitcoin, the Two-and-a-Half Party Model, and New Payment Rails

PaymentsViews logo 140pxLast week, Glenbrook's George Peabody took a look at Bitcoin as a store of value in his PaymentsViews.com article "Considering Bitcoin’s Role in Value Transfer".

In a new article just published on PaymentsViews.com - "Bitcoin, the Two-and-a-Half Party Model, and New Payment Rails" - George looks at the potential for Bitcoin and other math-based currencies to become a new set of payment rails - with their promise of a simpler cash-like push payment.

George welcomes your comments - either via email to him: [email protected] or by posting a comment on the article's page on PaymentsViews.com.

Note: The potential implications of Bitcoin and math-based currencies on payments are among the topics we'll be covering in more depth at our Glenbrook Payments Summer Boot Camp coming up on August 6-7 in Half Moon Bay.

June 12, 2013

Headline News from PaymentsNews.com - June 12, 2013

On the web:

On the wires:

Upcoming from Glenbrook:

  • Summer Camp! - A special summer session of our popular Payments Boot Camp - in Half Moon Bay on August 6th and 7th... Also, an optional half day course on Data In Payments - August 8th, also in Half Moon Bay. Join Carol, Scott and Russ for lively, interactive sessions - register now!
  • Follow Glenbrook Partners on LinkedIn! -

June 11, 2013

The Future of B2B Payments - And How We Get There

PaymentsViews logo 140pxIn a post titled "The Future of B2B Payments – And Suggestions on How We Might Get There", Glenbrook's Erin McCune writes from London about a vision for the future of business payments that she's sharing today at Experian‘s Payments Strategy Conference 2013 - along with six suggestions on how we might get to fulfilling that vision.

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