On the Web:
- Square’s $Cashtag. Smart. Very Smart. - PaymentsViews.com (Carol Coye Benson) - "I applaud Square’s introduction of “$Cashtags” for a number of reasons."
- PayPal to Pay $7.7 Million to U.S. Over Alleged Sanctions Violations - Wall St. Journal - "The U.S. Treasury Department disclosed on Wednesday a $7.7 million settlement witheBay Inc. unit PayPal Inc. over alleged sanctions violations by the electronic payments company."
- American Express Offers Few Details on Revenue - Wall St. Journal - "American Express Co. is keeping its cards close to its vest."
- CardinalCommerce Adds Bitcoin to Merchant Payments Solution - CoinDesk - "The announcement is the result of a partnership betweenCardinalCommerce and bitcoin merchant processor Bitnetthat enables merchants with custom-built shopping carts to send API messages to Cardinal's platform through its One Connection service."
- American Express holds 2015 Investor Day (PDF) - Yesterday, American Express held an Investor Day in New York City.
On the Wires:
- No Password, No Problem: FIS Adds Biometric Access to Mobile Solutions - “One-touch Cardless Cash® is unlike anything else in the market,” said Douglas Brown, Senior Vice President and General Manager, Mobile Financial Services, FIS. “The ability to access your account and withdraw money with just your fingerprint will make ATM access faster, safer and easier for users. It’s a true homerun.”
- How Ready are U.S. Merchants for EMV? - "TSG survey finds just 34% of merchants in the US will be EMV-ready by October 2015."
- PCI Council Publishes Guidance on Penetration Testing - "Today the PCI Security Standards Council publishedPenetration Testing Guidance to help organizations establish a strong methodology for regularly testing security controls and processes to protect the cardholder data environment in accordance with PCI DSS Requirement 11.3."
- Federal Reserve survey provides information on mobile financial services - "The use of mobile phones to access bank accounts, credit cards, or other financial accounts continued to increase among adults in the United States last year, according to a Federal Reserve Board report, Consumers and Mobile Financial Services 2015. The report is the Board's fourth looking at how consumers access banking services using mobile phones ("mobile banking"), and their payments for goods and services using mobile phones ("mobile payments"), as well as their use of mobile phones to inform their shopping decisions."
- TSYS CIO Ken Tye To Retire - "During Tye’s tenure, in the mid-1990’s, he led a team responsible for building TS2, still considered the industry’s most technologically advanced payment processing system in the market today. Most recently, Tye has led the team creating a more open technology environment to power TSYS’ next generation of digital innovation and consumer servicing."
Glenbrook's 2015 Payments Education Update!
- Our payments education schedule for 2015 is now available. Our next spring Payments Boot Camp session is scheduled for New York City on April 14-15. We're also holding a one-day Insight Workshop on April 16 following the New York Boot Camp on the topic of Faster Payments.
- If you have questions about our payments education program, please contact Carol Coye Benson for more information.
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Updates from Glenbrook:
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