On the Web:
- Charles Scharf: Visa's open-armed leader - Fortune - "Indeed, Scharf tells Fortune it’s a new day at Visa: “It was a foreign concept inside the company to treat merchants as an equal customer to the issuers,” he says."
- Credit-Card Industry Ramps Up Security Efforts - Wall St. Journal (Robin Sidel) - "Called "tokenization," the new technology can be used for online transactions, payments made in a physical store with a smartphone, and with merchant applications that consumers load onto a smartphone."
- Starbucks plans new store designs - upscale in Seattle, speedy in New York - Reuters - "he company said the New York store would be small and convenient, with a limited food and beverage menu. It will use digital payment and mobile ordering to speed up service."
- Bank customers to sign in with 'finger vein' technology - BBC News - "A portable scanner, the size of a tennis ball, is plugged into the computer's USB port and uses near-infra-red light to check the unique pattern of veins inside the finger."
- PayPal Expands Further Into Offline Retail And Mobile Payments With New PayPal Here SDK - TechCrunch - "The company is launching the PayPal Here SDK (software development kit), which will help online merchants sell their products offline, while also allowing brick-and-mortar merchants a new entry point into the world of mobile commerce."
- Can Bitcoin Surpass Credit Cards for Low-Cost Fraud Protection? - CoinDesk - “[Chargebacks are] a drain on all fronts, and an incomparable value-add of accepting bitcoin..."
- The U.S. EMV Migration Produces a Windfall for POS Terminal Producer VeriFone - Digital Transactions (Jim Daly) - “More than 80% of products shipped in U.S. were EMV capable, up from approximately 70% in the first quarter,” Galant said.
- VeriFone Systems' (PAY) CEO Paul Galant on Q3 2014 Results - Earnings Call Transcript - "Richard Char and Gary Greenwald have joined us from Citibank. Richard will lead and create our successful technology industry partnerships as our Head of Global Business Development, while Gary will lead the development of our next generation of software architecture."
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:
- Join Elizabeth McQueery and Manfred Schuck for Glenbrook's Payments in Europe Workshop - Oct 9 in Palo Alto, CA
- Glenbrook Payments Boot Camps: Oct 7-8 in Palo Alto, CA.; Oct 21-22 in New York City; Dec 9-10 in Palo Alto, CA.
- Money20/20 has become the go-to event in payments. We'll be there in force... will you? Use this promo code to register "GLENBR20"
- The Kindle edition of our book "Payments Systems in the U.S. - Second Edition" - is now available in the Kindle Store as well as in an iBooks version for your iPad or Mac in the iBooks Store.
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