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PayPal

Welcome to the News View for "PayPal".

Here, on these archive pages, you'll find all of the articles on Payments News for PayPal 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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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 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!

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 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

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.

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!

August 11, 2014

Headline News from PaymentsNews.com - August 11, 2014

On the Web:

  • Mobile-Payments Firms Order Up New Strategy: Restaurants - Wall St. Journal Digits Blog - "Priceline’s OpenTable unit, which it bought this year for $2.6 billion, is set to announce Monday it will expand a restaurant-focused payment app nationwide, from a test in about 20 restaurants in San Francisco."
  • Who Wants Automated Fraud Alerts? 91% of People - FICO Banking Analytics Blog - "Banks in the UK and some other countries brought fraud levels much lower, then focused on how to make the purchase process much more streamlined. This has allowed fraud losses to rise."
  • Simplifying the Bull: How Picasso Helps to Teach Apple’s Style - New York Times (Brian X. Chen) - "Steven P. Jobs established Apple University as a way to inculcate employees into Apple’s business culture and educate them about its history, particularly as the company grew and the tech business changed."

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 04, 2014

Headline News from PaymentsNews.com - August 4, 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!

July 30, 2014

Headline News from PaymentsNews.com - July 30, 2014

On the Web:

On the Wires:

  • First Data Announces Agreement to Acquire Gyft, the Leading Digital Platform that Enables Consumers to Buy, Send, Manage and Redeem Gift Cards Using Mobile Devices - “Gyft, with its mobile gifting platform, and First Data, with its global scale and distribution network, together will accelerate the growth of virtual prepaid with powerful new tools for merchants of all sizes to deepen their relationships with their customers,” said Guy Chiarello, president, First Data. “This means that the same robust toolset deployed by big box retailers will be coming soon to small- to mid-sized businesses, perfectly synched with our mission to offer innovative solutions to help our clients grow.”
  • Amazon Announces Additional US $2 Billion Investment in India - "We see huge potential in the Indian economy and for the growth of e-commerce in India. With this additional investment of US $2 billion, our team can continue to think big, innovate, and raise the bar for customers in India. At current scale and growth rates, India is on track to be our fastest country ever to a billion dollars in gross sales."
  • BitPay's New Plan: Free, Unlimited, Forever - “When we started BitPay in 2011, we saw an opportunity to finally give merchants around the world relief from interchange fees. By offering a basic plan that is free and unlimited, forever, we give merchants yet another reason to be excited about bitcoin.”
  • Bank of America Changes the Game With Preferred Rewards - “Preferred Rewards is the first program of its kind to offer clients benefits and rewards for everyday banking,” said Dean Athanasia, president of Preferred Banking at Bank of America. “It is the result of deep client research to develop and deliver a simple program that provides clients benefits and rewards they will actually use, and shows them how much we appreciate it when they choose to do more business with us.”
  • Blackhawk Network and Amazon Offer New Mobile Wallet Capabilities - "Blackhawk Network's expertise in gift card management provides our customers with access to the retailers they want and the digital experience that Amazon is committed to delivering," said Charlie Kindel, Director, Amazon Local Commerce. "Together we are helping consumers get the full value of their gift cards with the safety and convenience of storing them digitally. Instead of fearing they might lose or forget about them, they can have them on hand to use wherever and whenever they choose."
  • Heartland Payment Systems to Acquire TouchNet Information Systems, Inc. - “I am extremely pleased to announce the acquisition of TouchNet, which is not only Heartland’s largest acquisition to date, but is also an excellent complement to our existing Campus Solutions business that will immediately improve our growth profile and contribute to our bottom line,” said Robert O. Carr, chairman and CEO of Heartland Payment Systems.
  • Boku Unlocks India for Mobile Payments - “We knew early on that Qubecell had the right approach, the right people, and the right technical capacity to be a great fit with Boku,” said Jon Prideaux, CEO of Boku. “Now that our integration is complete we are providing existing Boku merchants – including top social media networks and global games companies -- with the very best access to the Indian market. Indian companies also now have access to Boku’s global network."
  • New Fiserv White Paper Outlines Immediate Mobile Payments Opportunities for Financial Institutions - "Titled “The Four Pillars of Mobile Payments: Immediate Opportunities,” the white paper outlines how a strategic approach to mobile payments starts with the services consumers are using today."

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!

July 23, 2014

Headline News from PaymentsNews.com - July 23, 2014

On the Web:

On the Wires:

  • TSYS Reports Second Quarter 2014 Total Revenues Increased 30.4% - "We set another milestone this quarter with total revenues of over $600 million for the first time in TSYS’ history. It was an outstanding quarter with our consolidated adjusted operating margin improving 357 basis points over the first quarter to 24.94%," said Philip W. Tomlinson, chairman and chief executive officer of TSYS.
  • OT Expands Its M2M and IoT Offer to Application Enablement with Cumulocity - “Connected objects are expected to reach tens of billions by 2020. OT’s comprehensive, robust and flexible M2M offer is designed to help our customers tackle the challenges and seize the full benefits of upcoming Internet of Things growth while addressing the very important security aspects related to IoT. By joining forces with Cumulocity we are extending our offer beyond connectivity and security and moving up the M2M value chain” said Marek Juda, Managing Director of the Solutions Business Unit at OT.

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!

July 21, 2014

Headline News from PaymentsNews.com - July 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!

July 17, 2014

A Look at PayPal's 2Q2014 Financial Results

PayPal new 140pxPayPal's parent eBay has announced financial results for 2Q2014.

PayPal net total payment volume (TPV) grew 29% with Merchant Services volume up 35% and on-eBay volume up 13%. Revenue grew to $1.9 billion. PayPal gained 4.0 million new active registered accounts to end the quarter at 152 million, up 15%. Global on-eBay penetration increased to 79.8%.

PayPal signed a deal with GE to extend its relationship offering a dual branded retail credit card and committed to purchase the loan portfolio in 2016 for an estimated $1 billion, based on the size of the portfolio at that time. This provides PayPal with flexibility to expand its credit offerings to consumers and merchants while improving its ability to manage transaction expense and reinvest back into the business to accelerate payment volume growth.

eBay reports that the PayPal 'take rate" was 3.53% in 2Q2014, down slightly from 3.55% in the prior quarter and down from the 3.79% reported a year earlier. Transaction expenses were 0.95%, down slightly from 0.99% in the prior quarter. The loss rate was 0.28%, up 1 basis point from the prior quarter.

July 09, 2014

Headline News from PaymentsNews.com - July 9, 2014

On the Web:

  • Braintree's Reverse Takeover Of PayPal Begins - ReadWrite (Owen Thomas) - "The most interesting aspect of v.zero, compared to previous versions, is that it has support for PayPal built in, and makes it trivially easy for developers to add PayPal as a payment method."
  • Braintree v.zero SDK – faster integration, drop-in UI, and Pay with PayPal - Braintree Payments Blog - "Today, we’re releasing the Braintree v.zero SDK, the new foundation for accepting payments with Braintree. It enables slick buying experiences, offers customizable drop-in UI features across platforms, and for the first time enables Pay with PayPal."
  • The Global Bitcoin Opportunity: Why Index is Backing Xapo - Index Ventures Blog (Mike Volpi) - "We’re excited to back Wences and his team as they continue to build on their global dominance in the Bitcoin vault market. In the months to come, we’ll see a lot of innovation in Bitcoin storage and transactions from Xapo, and we’re thrilled to support the development of the Bitcoin universe."
  • The Next Big Thing You Missed: Startup’s Plan to Remake Banks and Replace Credit Cards Just Might Work - Wired - "After raising $45 million in venture funding, Affirm recently launched a new service called Split Pay, which lets customers pay for online purchases in installments, instead of upfront."
  • Copay (beta), An Open Source Multisig Wallet - BitPay Blog - "BitPay is pleased to announce Copay, an open source, multi-signature wallet. Copay was born out of our own need to securely store Bitcoins and we felt it needed to be shared. We believe that multi-signature technology will play an important role in helping people secure their bitcoins against loss or theft."
  • Mobile E-Commerce Hits All-Time High: New Custora E-Commerce Pulse Report - Custora Blog - "In the past four years, the mobile e-commerce market grew 19-fold: From $2.2 billion in 2010 to $42.8 billion in 2013. This represents 1875% growth over these four years, and 111% 4-year CAGR (Compound Annual Growth Rate)."
  • New approaches to anomaly detection - O'Reilly Radar (Ellen Friedman) - "Windowing and sparse coding, a simplified form of deep learning, provide a way to deal with complex repetitive patterns when you need to build a model to accurately predict them."
  • Bitcoin Foundation Hires Firm to Lobby Congress on Cryptocurrencies - CoinDesk - "The Bitcoin Foundation is stepping up its US lobbying efforts by hiring Washington, DC-based firm Thorsen French Advocacy."
  • How One Law Firm is Helping Bitcoin Startups Find Success - CoinDesk - "Perkins Coie currently represents between 40-50 bitcoin companies, a number driven by the firm’s relatively long experience and network of contacts in Silicon Valley."
  • Signals from Foo Camp 2014 - O'Reilly Radar (Mac Slocum) - "Foo Camp, our annual gathering in Sebastopol, Calif., brings together people we know and admire, and those we’d like to know better."
  • PunchClock: Fun With iBeacons - Panic Blog - "With this new technology in-hand, it wasn’t too long before I put together a brand new office In/Out tracker called PunchClock. It uses a combination of a geo-fence and iBeacon tracking..."

On the Wires:

  • Michael Walsh Joins Warburg Pincus as Industry Advisor - Mr. Walsh commented, "The payments industry is dynamic and ever changing so now is the ideal time to collaborate with Warburg Pincus and identify the companies and entrepreneurs who are shaping the future of the industry. I look forward to partnering with the firm to build on its track record of investing in this critical area of TMT.”
  • Hasso Plattner Ventures increases iZettle Series C to 45M Euro ($61M) - "Hasso Plattner Ventures joins in investing in the Series C round of funding, which was led in May by London based growth investor Zouk Capital with participation from Dawn Capital and Intel Capital, and Series A and B investors Greylock Partners, Index Ventures, Northzone, Creandum and the Nordic financial services group SEB."
  • First Data Launches PayLucky™ Solutions - “First Data exists to help our clients grow their businesses and what the gaming industry needs to grow, and serve their customers better, is a dynamic one-stop-shop for the widest variety of payment options that include debit, credit, check, mobile, loyalty and prepaid processing” said Jonathon O’Connor, general manager, Online Gambling and Alternative Markets.
  • MasterCard and Silicon Valley Bank Continue Commitment to Startup Success with Commerce.Innovated. - “Our aim is to increase our client’s probability of success, help them navigate their growth, and connect with potential partners to achieve their ambitious goals. This program is a perfect example of that and we’re looking forward to meeting the new applicants,” said Reetika Grewal, head of Silicon Valley Bank’s payments strategy.
  • mopay Signs Global Carrier Billing Contract with Leading China Mobile Gaming Company Chukong Technologies - Ingo Lippert, mopay CEO, said, “Chukong is one of the top go-to partners for global developers who want to publish in the Asia-Pacific region. Our mopay team takes great pride in being the carrier billing partner of choice for one of Asia’s most innovative and successful mobile apps companies.”
  • Beepi Becomes First Peer-to-Peer Marketplace to Accept Bitcoin Payments for Cars - “Integrating with bitcoin is a natural extension of our promise to deliver the easiest way to purchase a car in the 21st century.”

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!

July 08, 2014

Headline News from PaymentsNews.com - July 8, 2014

On the Web:

On the Wires:

  • Opus Global Announces Acquisition of Hiperos - "Hiperos is a recognized global leader in third party management connecting over 300,000 third parties to many of the world’s largest companies across a range of industry verticals including energy, financial services, food, real estate, pharmaceuticals, and technology. Hiperos provides rapidly deployable, highly flexible SaaS-based solutions for a broad range of information management, risk, compliance and performance needs for many of the world’s Global 2000 companies..."

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!

July 07, 2014

Headline News from PaymentsNews.com - July 7, 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!

June 30, 2014

Headline News from PaymentsNews.com - June 30, 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!

June 25, 2014

Headline News from PaymentsNews.com - June 25, 2014

On Twitter:

On the Web:

On the Wires:

  • Deluxe Corp. Launches New App for Electronic Checks - “The Deluxe Mobile Checkbook is a quick and easy way for small business owners to write, approve, sign, receive and deposit payments anywhere through their mobile device,” said Malcolm McRoberts, senior vice president of small business services at Deluxe. “Whether it is from the truck at a job site or at a lunch meeting with a vendor, Deluxe eChecks are a convenient, real-time solution that leverages today’s evolving technological trends.”
  • FreedomPay Adopts Credit Union Financial Exchange Standards - BCU Director of Enterprise Architecture Tim Tibbals said, “The CUFX standards were written to be flexible and were applied to the FreedomPay project to 1) allow for Single-Sign-On using the highest industry standards for credential management and authorization, 2) set up accounts on the FreedomPay platform, 3) allow the FreedomPay platform to pull accounts lists and member info in real time from BCU systems in a secure manner, including double encryption of transmitted data, and 4) communicate information back to BCU’s systems to keep information in sync between BCU and FreedomPay.”
  • OT Launches Site to Educate U.S. Financial Institutions and Consumers about EMV Chip Cards - “This is a crucial time in the U.S. payment industry, and OT is here to help ease the transition for financial institutions and consumers. OT’s new website leverages our understanding of EMV, global experience and expertise as a trusted partner with an excellent track record of successful migrations,” said Martin Ferenczi, president for North America at OT.
  • Fiserv Drives Results with Account Processing Conversions at Four Leading Credit Unions - "In the last few months, Fiserv has partnered with multiple credit unions to develop solution options that fit their unique needs covering In-House and ASP delivery modes with solution bundles that create the most value for credit unions and, in turn, their members."

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!

June 12, 2014

Headline News from PaymentsNews.com - June 12, 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!

June 09, 2014

PayPal's David Marcus Moving to Facebook to Lead Messaging Products

PayPal logo 140x60pxIn a press release, eBay has announced that PayPal President David Marcus is leaving the company on June 27 to lead Facebook's messaging products.

"As the head of PayPal, David helped make a great business better, reinvigorating product design and innovation and energizing the team to deliver compelling consumer experiences," said eBay Inc. President and CEO John Donahoe.

"An entrepreneur at heart, David has made a career decision to focus on what he loves most - leading smaller teams to create great product experiences," Donahoe said. "We wish him well. He leaves behind a strong leadership team, committed to not skipping a beat on executing our plans, scaling product innovation and driving global growth."

Marcus has also posted a personal note about his move on Facebook - writing "I’m looking forward to getting my hands dirty again attempting to build something new and meaningful at scale."

In its own press release announcing the appointment of Marcus, Facebook noted: "We’re excited by the potential to continue developing great new messaging experiences that better serve the Facebook community and reach even more people, and David will be leading these efforts."

June 06, 2014

Headline News from PaymentsNews.com - June 6, 2014

On the Web:

On the Wires:

  • Green Dot Supports Visa’s New Prepaid Card Designation - “Visa has chosen guidelines for their designation that align perfectly with how Green Dot has always structured our fee plans,” said Steve Streit, Green Dot’s Chairman and CEO. “We believe it's important for the prepaid card industry to provide affordable, fair products with clear and easy to understand fee disclosures. We applaud Visa's announcement and hope to see the rest of the industry adopt these guidelines."

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!

June 02, 2014

Headline News from PaymentsNews.com - June 2, 2014

On the Web:

  • Apple Opens Up Touch ID To All Apps - TechCrunch - "The Touch ID API will be available in beta today, so that developers who want to use the iPhone’s fingerprint sensor in order to authenticate users — or add an extra layer of security like in the Mint example — can start building on it."

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!

May 22, 2014

Headline News from PaymentsNews.com - May 22, 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!

May 14, 2014

Headline News from PaymentsNews.com - May 14, 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!

May 07, 2014

Headline News from PaymentsNews.com - May 7, 2014

On the Web:

On the Wires:

  • INSIDE Secure Launches New EMV-ready MicroPass Solution for US Payment Cards - "The US EMV compliant MicroPass solution comes with six options. Three are contact only solutions and three are dual interface payment solutions (contact and contactless)."
  • Global Prepaid Executive Scott Salmon Joins i2c - Mr. Salmon comments, “i2c is redefining what's possible in prepaid, debit, credit and emerging commerce programs. The opportunities that i2c's processing technology creates for APCEMEA markets is tremendous, and I am very excited to work with the i2c team to help clients in these regions capitalize on them.”

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!

May 06, 2014

Headline News from PaymentsNews.com - May 6, 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!

April 30, 2014

PayPal Introduces New Brand Identity and Launches Global Brand Campaign

PayPal new 140pxPayPal has announced the introduction of a new brand identity and updated PayPal logo that it says "features a more modern and mobile-first appearance."

PayPal worked with the design firm fuseproject to develop the new logo and notes that it "flexes to fit all screen sizes, from wearables and mobile to the biggest, flattest high-definition TVs. It’ll be more legible and recognizable in both type and colors and will easily extend to be usable across the look/feel of various systems, and in the 193 markets we serve worldwide. Connection is a motivating principle behind the redesign — connection to money, to people and between people. It was important to evoke connection that was human and approachable, not too technical."

In addition, PayPal is unveiling a new global brand platform and campaign: Powering The People Economy.

“PayPal has an opportunity and responsibility to help people take control of their money and use it in any way they want, through seamless and delightful experiences,” said David Marcus, PayPal’s president. “Powering The People Economy is a recognition of what our customers should expect and demand from us – secure, easy and convenient payment experiences that get out of the way and get them closer to what they want.”

“PayPal believes in a world that works for people, rather than the other way around,” said PayPal’s vice president of global brand, Christina Smedley. “Through our products, we are making life better in tangible, practical and magical ways and building a world that makes every day easier and simpler for everyone. The essence behind this new campaign puts people, not institutions, first.”

As part of the campaign, PayPal said new television ads will air on major networks in a variety of programming in Germany, the United Kingdom, Australia and the United States, along with print and digital media throughout the summer and into the fall of 2014.

More information about the new brand identity and the campaign are available on the PayPal Forward blog.

April 29, 2014

A Graphical Look at PayPal's Performance

At Glenbrook, we've been following PayPal for a long time.  Each quarter, we take the latest financial results and add them to our database - and then produce a series of charts.  Following eBay's latest earnings release today, we did that again - and thought we'd share with you some of the charts that help illustrate PayPal's performance over time.

If you have questions or comments, please send them along to me: scott@glenbrook.com or on Twitter: @sjl.

PayPal payments 1q14

PayPal pmt vol 1q14

PayPal revenue 1q14

PayPal take rate 1q14

PayPal expense rate 1q14

PayPal loss rate 1q14

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