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Point of Sale (POS)

Welcome to the News View for "Point of Sale (POS)".

Here, on these archive pages, you'll find all of the articles on Payments News for Point of Sale (POS) 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 28, 2015

Headline News from PaymentsNews.com - April 28, 2015

On the Web:

On the Wires:

  • Chase Commerce Solutions and USA Technologies Form Strategic Relationship - “We continue to enable commerce through a simple, secure payment experience for consumers and for our business clients,” said Kimberly Fitzsimmons, U.S. Market President for Chase Commerce Solutions. “We are pleased to work with USA Technologies, a market leader in this important and rapidly emerging space to accept all types of payments easily and securely.”
  • Synchrony Financial and Stash Hotel Rewards Announce Exclusive Agreement to Provide Co-Brand Credit Card Program - “We created Stash because we saw travelers passing on exceptional hotel experiences to stay at predictable chain hotels, just so they could earn points,” said Jeffrey Low, Founder and CEO of Stash Hotel Rewards. “Stash is designed to let the traveler have it all – a memorable stay and meaningful rewards. By partnering with Synchrony Financial we’re creating a card that accelerates rewards while keeping with our tradition of remarkable experiences without compromise.”
  • Citi Prepaid Services and Enservio Announce Partnership for Prepaid Insurance Payments - Deirdre Ives, Global Chief Operating Officer of Citi Prepaid Services, said, “We are excited to partner with Enservio to provide our prepaid cards to their flexible, innovative, and cost-effective payment solution for the insurance vertical. Prepaid cards are a smart alternative to checks, and our award-winning prepaid product simplifies claims payments for insurance clients while delivering an exceptional cardholder experience.”

Glenbrook's 2015 Payments Education

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 27, 2015

Headline News from PaymentsNews.com - April 27, 2015

On the Web:

  • Payments Innovation Jury Report 2015 - The Payments Innovation Jury Report is a report released every two years, detailing global trends in payments innovation, and future opportunities and challenges for the industry. The report is based on the expertise of a panel of 40 business leaders in the payments sector from 23 countries across six continents. Authored by industry insider John Chaplin, the research is essential reading to FinTech investors, innovators, established payments firms and all others involved in the sector. The research is sponsored by Currency Cloud, a Payments Engine transforming the industry, Ixaris, an innovator in electronic payments, and WorldRemit, an online money transfer service.
  • Apple Pay Coming to Best Buy Stores as Retailer Breaks Ranks From Walmart-Led Rival - Re/code.net - "Best Buy is the first big-name U.S. retailer to break ranks with a Walmart-led Apple Pay competitor, announcing today that it will accept Apple’s digital payment system in its U.S. stores later this year."
  • CurrentC mobile pay to kick off in a single market mid-year - Computerworld - In its email on Monday, Rankin said it is "protocol-agnostic" and works in test mode across QR code, Bluetooth and others. "We are in market today with multiple technologies and not opposed to using NFC in the future," he said.
  • Exclusive: Bitcoin company Circle raising new cash - Fortune - "Circle Financial ... is in the midst of raising around $40 million at a pre-money valuation of approximately $200 million, Fortune has learned from multiple sources."
  • Bitcoin’s Q1: Record VC Investment, Falling Prices, And Slow Consumer Adoption - TechCrunch - "The bitcoin-watching news service CoinDesk recently released its first quarter look into the cryptocurrency’s performance during the opening months of 2015."

On the Wires:

  • Apple Reports Record Second Quarter Results - “We are thrilled by the continued strength of iPhone, Mac and the App Store, which drove our best March quarter results ever,” said Tim Cook, Apple’s CEO. “We’re seeing a higher rate of people switching to iPhone than we’ve experienced in previous cycles, and we’re off to an exciting start to the June quarter with the launch of Apple Watch.”
  • Apple Pay Now Accepted in Best Buy App, Coming to Stores Later This Year - "Starting today, Best Buy customers can use Apple Pay to make purchases in the Best Buy app when using an iPhone 6 or iPhone 6 Plus. A free update is now available in the Apple App Store. All U.S. Best Buy stores will begin accepting Apple Pay later this year."
  • Discover to Bring Apple Pay to Cardmembers - “As the mobile payments landscape matures, Discover remains committed to giving cardmembers secure options for using their cards and mobile devices,” said Diane Offereins, Discover’s president of payment services. “Discover’s focus on simplicity and value for our cardmembers aligns well with the way Apple Pay makes purchases easy and convenient.”
  • Global Payments Launches EMV and Contactless Mobile Payments Solution in Canada - "Global Payments Inc. today announced the launch of the new Ingenico Companion Mobile Payment (iCMP) MPOS – a turnkey mobile point-of-sale solution offering full debit and credit EMV and contactless payment acceptance to Canadian merchants."
  • ACI Worldwide: Nearly 80 Percent of Banks, Retailers and Billing Organizations Know They are at Risk of Customer Attrition… - "Surprisingly, given the recent years of legislation across the world, retailers and billing organizations want to work together to provide a richer consumer experience and to slash costs by cutting out intermediaries. 44 percent of organizations claim they are already taking steps to, or would like to eventually, reduce the number of intermediaries in the payments value chain."

Glenbrook's 2015 Payments Education

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 23, 2015

Headline News from PaymentsNews.com - April 23, 2015

On the Web:

On the Wires:

  • AT&T Access More Card from Citi Featuring a New Exclusive Smartphone Offer Now Available - “Whether talking, texting, shopping or paying – we know our customers rely upon – and love – their smartphones,” said Ralph Andretta, Head of North America Branded Cards, Citi. “With the AT&T Access More card, you can earn a statement credit for a brand new phone and get more points every time you make a purchase from AT&T or shop online – on any device.”
  • Heartland Collaborates with PAX to Offer Secure EMV Terminals for Merchants - "The Heartland Secure PAX terminals are the latest development in our partnership of making security and technology available to merchants. The PAX POSLink semi-integrated configuration and the PAX S300 provide an exceptional solution to ISVs and VARs that are looking to reduce the complexity of payments support as well as PCI exposure."

Glenbrook's 2015 Payments Education

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 22, 2015

Headline News from PaymentsNews.com - April 22, 2015

On the Web:

On the Wires:

  • eBay Inc. Reports First Quarter Results - "We had a strong first quarter, with eBay and PayPal off to a good start for the full year," said eBay Inc. President and CEO John Donahoe. "I feel very good about the performance of our teams at eBay and PayPal. Each business is executing well with greater focus and operating discipline as we prepare to separate eBay and PayPal into independent publicly traded companies. We are moving forward with clarity and speed, with a smooth separation expected in the third quarter. We are deeply committed to setting up eBay and PayPal to succeed and to deliver sustainable value to our shareholders."
  • NACHA Announces 2015 Payments System Awards Recipients - “NACHA is proud to recognize New York City CPRS, Verifone and Wells Fargo as recipients of the 2015 Payments System Awards,” said Janet O. Estep, president and CEO of NACHA. “They each have contributed significantly to leadership and excellence in payments by finding innovative ways to evolve their processes and products to meet the needs of a changing industry.”
  • First Data and Sam’s Club Collaborate to Fuel Small Business Growth - “With this expanded agreement, First Data is making a significant commitment to millions of Sam’s Club members who currently operate or are looking to open a business in the U.S.,” said Chris Foskett, Head of Global, Strategic and National Accounts at First Data. “Extending this relationship with Sam’s Club gives us the opportunity to enable more business owners and operators to achieve their dreams.”
  • Wells Fargo Startup Accelerator Taps 3 New Early-Stage Companies - “If a startup can sell its idea to us,” said Steve Ellis, Wells Fargo head of Wholesale Services, “they can sell it to a lot of other banks, which can benefit the entire financial services industry.”
  • OTG and NCR Introduce Tech-enhanced Airport Shopping Experience - “NCR’s consumer transaction technologies enable us to offer our customers more control over their experience,” said OTG CEO Rick Blatstein. “We continue to introduce technologies that our customers are familiar with, such as self-checkout and mobile payment options like Apple Pay, which allow our crew members to spend more time on hospitality.”
  • Open Identity Exchange Launches OIXnet: A Global Registry for Trust Frameworks - “Trusted transactions are the engines of online services,” said Don Thibeau, OIX Chairman and President. “Like an Underwriter Lab’s seal of approval on products, OIXnet is a neutral, open online registry that enables a similar level of trust and discovery at Internet scale for a wide variety of trust frameworks.”
  • Green Dot Awarded New Mobile Patent, Expanding its Patent Library Related to Secure and Geo-Location-Aware Devices - "Green Dot Corporation today announced the issuance of U.S. Patent No. 8,989,778, a patent that is directed to secure and private location sharing for location-aware mobile communication devices."

Glenbrook's 2015 Payments Education

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 15, 2015

Headline News from PaymentsNews.com - April 15, 2015

On the Web:

On the Wires:

  • Ingenico Group Enables Long John Silver’s to Deploy an End-to-End Secure Payment Solution Combining EMV and Point-to-Point Encryption - “As we prepared for the advent of chip-based cards, we also wanted to implement a solution with point-to-point encryption (P2PE) to provide bulletproof security over our customers’ cardholder data, while also easing the process of meeting increasingly complex PCI requirements,” said Craig Daniel, chief financial officer for Long John Silver’s.
  • NCR Signals Massive Makeover to Banking with Highly Secure Cloud-Based ATM Software Platform - “NCR’s Kalpana software is the most disruptive change to the ATM ecosystem in decades. Business and consumer applications are increasingly turning to enterprise or cloud-based solutions that reshape security and enable fast, nimble and dynamic customer experiences,” said Andy Heyman, president, NCR Financial Services. “Kalpana software is ideal for financial institutions and independent ATM deployers looking to improve security, quickly advance service delivery through technology, and reshape their cost to serve.”
  • Trustonic and Mobeewave Partner to Provide Unprecedented Security Level in Mobile Payment - "Up to now mPOS solutions have not completely secured the interaction with consumers on mobile devices unless merchants used add-on devices. Now, just by downloading the Mobeewave mPOS application into merchant mobile devices supporting the Trustonic technology, the consumers will be able to securely tap their contactless card or smartphone against the merchant’s mobile device. The Trustonic TEE technology secures the interaction with the cardholder on the merchant’s device itself by leveraging the Trusted User Interface."

Glenbrook's 2015 Payments Education

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 01, 2015

Headline News from PaymentsNews.com - April 1, 2015

On the Web:

On the Wires:

  • FIS Drives Digital Disruption from New Innovation Lab in San Francisco - “Our Digital Innovation Lab will serve as an entrepreneurial ‘garage’, where our engineers build new product prototypes with cutting-edge technologies,” said Doug Brown, SVP and GM, Mobile Financial Services, FIS. “Located in the U.S. hub for high-tech innovation, the lab is empowering FIS to set the pace of digital developments for the financial industry.”
  • Heartland and Verifone Renew Alliance; Announce EMV and Encryption Initiative - “A renewed alliance between Heartland and Verifone ensures merchants have access to the most secure and flexible payments solutions on the market today,” said Heartland Chairman and CEO Robert O. Carr. “Verifone’s popular VX terminals are both Heartland Secure-certified and support E3 encryption, providing merchants with an extensive range of payment device options.”
  • Advanced Cash Chooses BitPay to Offer Bitcoin Funding - "As the Bitcoin industry grows in transaction volume and technology development, companies like Advanced Cash need to have a scalable product to compete and meet customer expectations. With BitPay, they are able to provide reliable and efficient services to Bitcoin users by offering frictionless transactions powered by enterprise level software and support service."

Glenbrook's 2015 Payments Education Update!

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!

March 31, 2015

Headline News from PaymentsNews.com - March 31, 2015

On the Web:

  • Apple Pay Running Into Hurdles at Checkout Counter, Survey Finds - Bloomberg Business - "The majority of people who used Apple Pay said they did so because it was faster than a traditional credit card. Almost 60 percent they were using it because “it’s new, stylish or cool,” while 58 percent said they thought it was safer than a normal credit card."
  • Square Wants to Become a Platform — Here’s Why that Matters For Small Businesses - StreetFight - "Now, with millions of small businesses already using its application to process payments, the company needs to navigate through a complex and crowded small business software market to build a platform from which merchants can run their business."
  • The Most Important Question for Launching Your Digital Platform - MasterCard Blog (Ed McLaughlin) - "It was quite a trip down memory lane to revisit our strategy for launching and growing that business. Even more striking is how the same principles we applied online in the first-wave of internet use are even more vital to launching a new platform today, in a world where digital convergence is radically altering the day-to-day experiences, preferences, and habits of consumers."

On the Wires:

  • MasterCard Easy Savings® Program and Rakuten.com Provide Millions of Ways for Small Businesses to Save - “Easy Savings was built to make savings on everyday needs stress-free and simple—all you have to do is use your eligible MasterCard business card,” said Jay Singer, senior vice president, North America commerical products. “With the broad selection of goods and merchants that Rakuten.com offers and the services that BizEquity provides, we can now deliver even more value to our small business cardholders enrolled in the program.”
  • Moneris to work with Verifone as Exclusive Provider for its Countertop Terminal Solutions in United States - “We’re pleased to be able to work with Verifone as a key partner in our work to help U.S. merchants transition to EMV-enabled payment devices,” said Chris Lee, president, North American strategic partnerships and emerging markets. “Verifone is a leader in next generation EMV solutions and the VX 520 offers merchants a cost-effective, durable, feature-rich product that can manage everything from EMV to contactless payments.”
  • Criteo Report Reveals Consumers Increasingly Comfortable with Mobile Purchases - “Mobile commerce is growing like a weed,” said Jonathan Wolf, chief product officer, Criteo. “In just the last three months there was a 10 percent increase in mobile transactions in the US alone. Smartphones are now the majority of mobile transactions, and the growth of larger screen sizes and better mobile sites is only going to accelerate this trend.”
  • ProPay Announces ProFac Express for Payment Facilitators - “ProPay’s ProFac Express lets payment facilitators take immediate advantage of our industry-leading transaction processing platform – including online application, instant boarding, underwriting and more – while also empowering them to play an active role in the processing and client-service relationship.”
  • Global Payments’ OpenEdge Division Integrates Secure Payments Solutions with Carolina Software’s WasteWORKS Software Suite - “Everyone in the ecosystem understands that EMV represents a far superior security solution at the point-of-purchase,” stated OpenEdge President, Sid Singh. “Yet, developers face challenges ensuring merchants are ready to accept EMV payments within the POS system. EdgeShield solves this problem, so developers can integrate EMV swiftly and merchants can accept payments seamlessly.”
  • Ingenico Mobile Solutions Launches First and Only mPOS Solution for EMV Chip & Sign, Contactless and Magnetic Stripe Card Acceptance - “Merchants want options when it comes to EMV and NFC. With the RP450c, Ingenico Mobile Solutions now provides the first and only mPOS solution that enables acceptance of all payment types, with the most flexible connection options,” said David Szczepanski, COO at Ingenico Mobile Solutions.
  • Ingenico Group’s Wi-Fi Pay-at-the-Table Technology Brings EMV and NFC Tableside - “With the EMV liability shift and growing popularity of mobile wallets, merchants in the hospitality industry need to think differently about how they accept payment directly at the table,” said Gregory Boardman, Senior Vice President of Product and Development for Ingenico Group, North America. “This new Wi-Fi enabled addition to our iWL series ensures that Ingenico Group can meet the needs of any merchant that wants to implement a Pay-at-the-Table strategy, and in turn ensure EMV compliance.”
  • TransFirst Certifies Verifone’s Secure Commerce Architecture - “The certification of Verifone’s Secure Commerce Architecture is a major milestone for TransFirst,” said John Shlonksy, President and CEO for TransFirst. “It confirms our commitment to providing enhanced data security payment solutions to our merchants and sales partners that will not only reduce the scope of EMV certification, but also save their time and resources.”
  • Mozido Invests in HCE Pioneer SimplyTapp - “The mobile payments industry is in the midst of a transformation. With secure element-based NFC mobile payments struggling, the industry is leaning heavily towards a future of more open, HCE oriented mobile payment transactions,” said Michael Liberty, Mozido founder and chairman of global strategic initiatives. “By partnering with SimplyTapp, the pioneer and leader of HCE payments, Mozido will be at the forefront of this transformation.”
  • Mozido Invests in IdentityMind Global, Forms Partnership for Unprecedented Fraud Protection in Mobile Commerce - “Fraud prevention in e-Commerce and online transactions is most effective when the identity of the consumer or entity is known,” said Garrett Gafke, president and CEO of IdentityMind. “Our platform recognizes individuals based on a combination of attributes and helps validate how these attributes correlate against each other both online and offline. This is particularly important in mobile commerce where online merchants sacrifice collecting information for reducing friction in the mobile payment/registration process, and mobile adoption is larger within underbanked and unbanked demographics.”

Glenbrook's 2015 Payments Education Update!

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!

March 30, 2015

Headline News from PaymentsNews.com - March 30, 2015

On the Web:

On the Wires:

  • Contactless Card Payments enabled on Vodafone Wallet with Visa and Carta Worldwide - "Vodafone customers will soon be able to add bank cards to their Vodafone Wallet and use smartphones to pay for goods and services at contactless terminals, it was announced today. Following new agreements with Visa and Carta Worldwide, bank card payments via Vodafone Wallet will be enabled in European markets from the second quarter of 2015 onwards."
  • MasterCard Expands San Carlos Center of Excellence - "MasterCard today announced the expansion of its San Carlos Center of Excellence and the relocation of senior vice president of Emerging Merchants, Les Matthews, and his team to the company’s West Coast office. MasterCard will also add global communications support in San Carlos with the relocation of vice president, Worldwide Communications, Brian Gendron. The moves enhance the company’s presence on the ground in Silicon Valley – an important market for continuing to deepen MasterCard’s footprint with the tech community."
  • GTCR Announces Sale of Fundtech to DH Corporation - Aaron Cohen, Managing Director at GTCR, added: “This transaction marks another successful example of GTCR’s Leaders Strategy™, as we worked in partnership with an exceptional management team to execute this complex transformational merger. We are pleased that those efforts have resulted in building a market-leader in transaction banking software.”
  • According to New Chase Slate Credit Survey, Checking Your Credit Score Correlates to Financial Aptitude – Yet Gaps in Consumers’ Credit Health Awareness Still Exist - "The survey reveals that Americans who have previously checked their credit score consider a “good” score to be 719 on average1. This is 51 points higher than what is considered to be good by those who have never checked their score (668). What Americans may not realize is that even a score of 719 might not give them access to credit at the best rates."
  • TimesofMoney Announces Launch of 'Movit' - Talking about Movit, Avijit Nanda, Chief Executive Officer, TimesofMoney, says, “TimesofMoney has several success stories to its credit. We have engaged with international clients for Movit and in fact are in the process of deploying it in Africa currently. Since Movit’s primary delivery channel is the mobile phone, it gives a huge thrust to the financial inclusion agenda of governments in emerging economies of India, Asia & Africa where there is an ever-increasing mobile penetration.”
  • Powa Technologies and Merchant e-Solutions Partner to Support POS Application Developers’ Go-To-Market Strategies - “PowaPOS has a unique position in the tablet-based payments market right now. Its fully integrated hardware and universal OS support makes it particularly attractive to POS software developers and to us,” said Tom Bell, CEO, Merchant e-Solutions. “By partnering together, we’ll be able to provide developers with the best payments processing and hardware solutions on the market today.”

Glenbrook's 2015 Payments Education Update!

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!

March 10, 2015

Headline News from PaymentsNews.com - March 10, 2015

On the Web:

  • Now What? Immediate Funds Transfer in the U.S. - PaymentsViews.com (Elizabeth McQuerry) - "How can all these systems be stitched together? Who writes the rules? Where does this leave Same Day ACH? Those are just the first set of questions. There are plenty of others..."
  • EU Interchange Legislation Sets Course for New Beginnings - MasterCard Beyond the Transaction Blog - "A long and interesting legislative process comes closer to an end this week with the European Parliament formally adopting a new EU Regulation on interchange fees. At MasterCard we believe that, just as in life, from every end comes a new beginning. This case is no different."
  • Boston calls a snow day on spending - First Data Corp. - "This First Data SpendTrend report examines the economic effect these snow storms have had on Boston and the New England region between January 24 and February 22, 2015."
  • PayPal Establishes New Security Center - PayPal Forward Blog - "To help jumpstart our security center, I’m also thrilled to announce that we’ve acquired CyActive, a cybersecurity firm that specializes in technology that can predict how malware will develop. The acquisition of CyActive will bring great talent and immediately add “future-proof” technology to PayPal’s world-class security platform."
  • Heartland Payment Systems Collaborates with BitPay - BitPay Blog - "Now Heartland is referring their customers to BitPay’s payment platform. We are helping Heartland bring bitcoin payment technology to businesses and organizations that are interested in new payment methods."
  • Secretive Bitcoin Startup 21 Reveals Record Funds, Hints at Mass Consumer Play - Wall St. Journal - "What it’s not yet publicizing is the precise nature of its operations, Chief Executive and co-founder Matthew Pauker will only say there will be “several interesting developments over the next weeks and months”..."
  • Why We Started Abra - RRE Ventures - "To make digital currency useful to “cash consumers” digital currency should: be transferable to any phone number in the world, not represent exchange rate risk, be as private as real cash, have no costs for money transfer, and be fungible to real paper-cash at very low cost 24 hours a day, 7 days a week."
  • Updates to Venmo Account Notifications - Venmo Blog - "Today, we wanted to share a few updates we’ve made to Venmo account notifications, as well as make you aware of some additional product updates we’ll be releasing soon."
  • Marriott hotels to start accepting Apple Pay this summer - Engadget - "To check in, you'll only need to go to the contactless reader at the front desk and hold up your phone (or Apple Watch) to pay -- a beep and a vibration will indicate if the transaction's a success."

On the Wires:

  • GameStop Now Accepting Apple Pay in Stores - "GameStop is launching a nationwide rollout of Apple Pay, which transforms mobile payments with an easy, secure and private way to pay to its more than 4,200 U.S. video game stores this month."
  • Citi to Launch Banking App for Apple Watch - “At Citi, we believe that banking should be simple and convenient, and we are constantly exploring advances in technology to help us deliver that kind of experience,” said Heather Cox, Chief Client Experience, Digital and Marketing Officer for Global Consumer Banking at Citi. “Apple Watch users will have access to all sorts of information and services, and if our customers want to check their balance or view a seconds-ago transaction right on their wrist, it is our job to make sure they can.”
  • Financial Institutions Can Launch EMV™ Chip Cards More Quickly and Less Expensively with New Solution from Fiserv - "Fiserv is helping its clients simplify the transition to EMV chip-enabled cards by offering an integrated, compliant and cost effective path to EMV debit and credit card issuance. Fiserv has worked with Visa and MasterCard to develop standard EMV chip card configurations suitable for most debit and credit card programs. These standards comply with Visa and MasterCard requirements for the U.S. market."
  • TGI Fridays Extends Use of Verifone’s Payment as a Service for ‘Pay at the Table’ - We pride ourselves on giving guests the best experience possible, particularly when interacting with our team,” said Jeremy Dunderdale, Head of IT at TGI Fridays UK. “Verifone understands our business needs, and its NFC-capable terminals combined with Verifone’s all-in-one service package provides a secure solution that solves our payments challenges while enabling us to accept payments from guests right at the table.”
  • Bill.com Expands Leadership Team with Key Hire to Support Nationwide Adoption of Digital Business Payments - "Bill.com, the leading company creating magically simple business payments, today announced that it has hired Colleen Lindow as vice president of payments, risk and compliance."

Glenbrook's 2015 Payments Education Schedule Now Available!

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!

March 05, 2015

Headline News from PaymentsNews.com - March 5, 2015

On the Web:

On the Wires:

Glenbrook's 2015 Payments Education Schedule Now Available!

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!

March 04, 2015

Headline News from PaymentsNews.com - March 4, 2015

On the Web:

  • Credit Card Breach at Mandarian Oriental - Krebs on Security - “We can confirm that Mandarin Oriental has been alerted to a potential credit card breach and is currently conducting a thorough investigation to identify and resolve the issue,” the company said in an emailed statement.

  • Bitcoin for the Unbanked - Foreign Affairs - "How about combining M-Pesa with a digital currency? It would offer all the advantages of M-Pesa, but would make the costs to users even cheaper for those who import money into that system from abroad, because those remittances from rel atives in London or New York would arrive via bitcoin rather than the traditional banking system. Call it BitPesa."

  • Change agent: PayNearMe partners with Grameen America to help lift women out of poverty - PandoDaily - "PayNearMe, the cash transaction network that allows US consumers to pay bills and make online purchases using cash at more than 10,000 participating retailers across the country, has done just that. The company has entered a nationwide partnership with Grameen America, the nonprofit microfinance organization providing loans, savings programs, financial education, and credit establishment to women who live in poverty."

  • Antonopoulos to Australian Senate: Bitcoin Regulated by Math - Inside Bitcoins - "Contrary to popular misconception, bitcoin is not unregulated. Rather, several aspects of the bitcoin network and financial system are regulated by mathematical algorithms. The algorithmic regulation in bitcoin offers predictable, objective, measurable outcomes. Algorithmic regulation provides certainty without nationalist or geopolitical influence."

On the Wires:

  • Cardtronics Launches ATMpass - Tom Pierce, chief marketing officer, Cardtronics, said: "Consumers are interested in using the most convenient ATMs - Cardtronics ATMs - but less so in paying a surcharge fee. With ATMpass, Cardtronics offers cardholders the convenience of national retailers plus the ability to avoid ATM surcharge fees. Having cash access at a surcharge-free ATM in a retail location that is part of their day-to-day life is important to many people. For consumers who feel limited by their current ATM options, or don't have any surcharge-free ATMs near their home, work or school, ATMpass gives them control over ATM surcharge fees and the freedom to choose convenience."

  • MasterCard: Happy Birthday Priceless Surprises! - "Priceless Surprises is among the highest social media engagement generating initiatives live today, beating U.S. Twitter benchmarks within financial services and Facebook benchmarks across consumer industries. When compared against other MasterCard programs, Priceless Surprises engagement rate is three times higher."

  • Global Payments’ Integrated Solutions Division, OpenEdge, Secures Partnership with New West Technologies for Integration to Microsoft Dynamics AX - OpenEdge President, Sid Singh, added, “We’re pleased that New West and our other partners are experiencing the benefits of integrations with EdgeShield, a pre-certified, EMV compliant solution combined with point-to-point encryption and tokenization security.”

  • Merchants’ Choice Payment Solutions Powers its All-New Foundry POS Solution with Powa Technologies - "MCPS’ Foundry POS is a powerful, cloud-based software application designed to meet the specific business needs of the retail and restaurant industries. Features include access to real time reports, including sales, inventory and employee management, as well as full integration with its Merchant Foundry CRM system."

  • ShopKeep Launches Serverless Sync - “With Serverless Sync, waiters and bartenders will no longer have to return to an individual register to update their checks or wait for a register to become available to input orders,” commented Jason Richelson, Founder and Chief Strategy Officer of ShopKeep. “Instead, open checks will be accessible from any register running on the same WiFi network, allowing staff members to spend more time providing the best possible service.”

Glenbrook's 2015 Payments Education Schedule Now Available!

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!

March 03, 2015

Headline News from PaymentsNews.com - March 3, 2015

On the Web:

On the Wires:

  • Visa, Pizza Hut and Accenture Develop Connected Car Commerce Experience - “By 2020 it is estimated that more than 250 million vehicles worldwide will include some form of embedded connectivity1,” says Bill Gajda, senior vice president of Innovation and Strategic Partnerships, Visa Inc. “As the number of connected cars on the road increases, so does our ability to bring secure online commerce to consumers everywhere. We initially focused on a specific use case – ordering a meal on your way home – but we envision a world where consumers can seamlessly make many of their everyday purchases from the car.”
  • MasterCard and eTranzact Make it Easier for Millions of Nigerians to Receive Remittances - “For millions of Nigerians, the receipt of funds from friends and family is an important lifeline. HomeSend provides senders across the globe and the recipients in Nigeria with a convenient, safe, and cost effective money transfer channel,” says Omokehinde Ojomuyide, Vice President and Area Business Head for West Africa, MasterCard.
  • Elavon's Simplify Application Makes Payment Security for Mid-to-Large Size Businesses Simple - "Simplify is a software application that resides within a payment terminal that is integrated with a customer’s current POS or Property Management System (PMS). The application uses a layered approach to security that combines encryption, tokenization and EMV to mitigate vulnerabilities while cardholder data is in-transit, in-use and at-rest."
  • Stratos Launches First-To-Market Connected Payment Card, Shipping April 2015 - “Stratos exists to empower consumers to make smarter, more secure payment decisions – all with the benefit of consolidating the cards in their wallets,” said Thiago Olson, Co-Founder and CEO of Stratos. “Replacing the dumb plastic we carry every day, Stratos Card is connected hardware designed to improve how we pay with more security, better decisions and ease of use. Stratos is reinventing your wallet and cards just like the iPod and iTunes reinvented your CD collection.”

Glenbrook's 2015 Payments Education Schedule Now Available!

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!

February 24, 2015

Headline News from PaymentsNews.com - February 24, 2015

Glenbrook Meetup in Chicago - Wednesday, Feb 25

On the Web:

On the Wires:

  • MasterCard Drives Host Card Emulation (HCE) Momentum with Mobile Payment Deployments in More than 15 Countries - “Our vision for digital payments is to create great experiences for consumers across all channels and all devices, and HCE and cloud-based software provide another path forward for MasterCard and our partners to deliver on that vision,” said James Anderson, Group Head and Senior Vice President, Shared Platform Services at MasterCard. “The approach will drive greatly expanded availability of mobile contactless and remote payments, through integration with MasterPass, our global digital platform.”
  • American Express Launches Nationwide Campaign to Help U.S. Small Merchants Fight Fraud - The nationwide campaign will help U.S. small merchants fight fraud through a $10 million reimbursement program designed to accelerate adoption of EMV payment terminals. It will also arm small merchants with knowledge about EMV’s security benefits. As part of American Express’ program, eligible merchants that have upgraded to an EMV terminal can request a one-time $100 reimbursement from American Express by visiting www.americanexpress.com/fightfraud."
  • For Finsphere, 'Mobile As Identity' Is Its Reason For Being - "Finsphere CEO Michael Buhrmann said Visa's MLC represents the first major commercial application of the "mobile as identity" concept. On a global basis, the value of this type of confirmation to banks and other issuers of credit and debit cards is estimated to exceed $3 billion annually for their handling of legitimate transactions that are denied unnecessarily because of suspected fraud."
  • Visa Europe: Payment tokenisation service launched - Sandra Alzetta, Executive Director, Core Products for Visa Europe commented: “This is an exciting time to be in the payment industry. We believe that 2015 will be the year that mobile payments will be in the hands of consumers across Europe. Tokenisation is one of the most important technologies to emerge in digital payments and has the potential to start a whole new chapter in the kinds of products that are developed. For that reason, we’ve designed this flexible and scalable service, enabling issuers, merchants and acquirers to provide consumers with the next generation of innovative payment methods – all with the high level of security they expect.”
  • Visa Europe: Global expansion of peer-to-peer payments capabilities - "Visa Europe has partnered with Singapore-based fastacash to enable a new feature for member banks to extend to their customers. This new social feature makes it easy for Visa Direct users to send peer-to-peer payments via social networks such as Facebook, Twitter, WhatsApp and LinkedIn."

Glenbrook's 2015 Payments Education Schedule Now Available!

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!

February 17, 2015

Headline News from PaymentsNews.com - February 17, 2015

On the Web:

On the Wires:

  • Mobeewave Closes $6.5 Million Series A Round to Bring Disruptive NFC Mobile Terminalization to the Payment World - "Mobeewave is the world's first and only provider of dongle-free NFC mobile payment terminal solutions enabling payment acceptance on smart devices. The Montreal-based company turns any NFC-enabled phone (or other smart device) into a secure contactless payment terminal (mobile POS) to receive payments from ApplePay, contactless cards or any NFC wallets without the use of any additional hardware."
  • ProPay® Adds Visa Checkout - “ProPay is pleased to offer Visa Checkout as one of its many checkout options," said Ryan Oakes, chief operating officer of ProPay. “With the addition of Visa Checkout, ProPay enables merchants with more than ten ways to accept payments so they may conduct transactions anytime, anywhere, in-person, online, and offline in a secure manner.”

Glenbrook's 2015 Payments Education Schedule Now Available!

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!

January 12, 2015

Headline News from PaymentsNews.com - January 12, 2015

On the Web:

  • MasterCard Reaches Deal with Russia - Wall St. Journal - "MasterCard and Russia’s national payment system agreed on Dec. 30 to gradually move the processing of the U.S. company’s transactions within Russia under the roof of its Russian counterpart, the central bank said."
  • Alibaba Pays to Play in India - Wall St. Journal - "The Indian company’s prize asset is Paytm, a mobile-payments platform, which also runs an online marketplace in India that matches merchants to shoppers, similar to Alibaba’s business model in China."
  • Level Money has joined Capital One - Level Money Blog - "Much younger and nimbler than any other top bank, Capital One is a founder-led company on a mission to transform the way banking is done. Taking a technology-based, consumer-centric focus to banking is core to what Capital One does, and on that team we found a deep passion for solving old problems in a new way."
  • PayPal Credit Expansion Now Lets Merchants Set Terms, Including Option For Interest-Free Payments - TechCrunch - "PayPal Credit is expanding its support for monthly payments with an option for retailers that allows them to decide on the number of months and interest rates that work best for their customers."
  • Why Tort Liability Won’t Produce Good Cybersecurity - Steptoe Cyberblog (Stewart Baker) - "In the end I doubt that liabilities to issuing banks will drive much cybersecurity either, not because the claims are low — they’re more likely to be in the $50 per card range — but because establishing liability will not be all that easy and because things like tokenization will likely prove much cheaper than improving security.)"
  • SWIFT appoints new Chief Technology and Chief Operations Officers - SWIFT - "SWIFT announces the appointment of Craig Young as Chief Technology Officer and Marcel Bronmans as Chief Operations Officer. Both Young and Bronmans will sit on SWIFT's Executive Committee and report directly to CEO Gottfried Leibbrandt."

On the Wires:

  • Heartland First to Offer Comprehensive Merchant Breach Warranty - "Heartland’s breach warranty is offered at no charge to its Heartland Secure™ merchants in the first year and can be extended for $8.33 per month per card-entry device. To be covered under the warranty, a merchant must have a Heartland Secure-certified device and process payments through Heartland on that device."
  • Verifone Offers Merchants a Single mPOS Payment Terminal to Support All Major Smart Device Options - “The prospect of having to purchase new mPOS devices for sales associates when smartphones and tablets are upgraded has been a major inhibitor to mPOS investment among retailers,” said Mark Shockley, senior vice president of Mobile Solutions for Verifone. “Verifone’s single, modular solution will offer the ultimate in mPOS flexibility, allowing it to persist across changes in devices, even if somebody wants to make a complete switch from one OS to another.”
  • Vantiv Certifies Verifone’s Secure Commerce Architecture - “Vantiv’s certification of SCA from Verifone combined with Point-to-Point Encryption ensures many more merchants can significantly reduce their exposure to large scale payment data breaches, and further reduce the complexity associated with EMV certification,” said Rob McMillon, vice president of Product Security for Verifone.
  • Bank of America Launches National Advertising Campaign for Preferred Rewards - “When we spoke to our clients to find out what they valued most from a rewards program, they clearly said they seek everyday rewards and benefits that they would actually use,” said David Dintenfass, Global Wealth and Investment Management and Consumer Marketing executive at Bank of America.
  • NCR Unveils a New ‘Grab and Go’ Self-Checkout Solution - "Whether in the supermarket or at a convenience, department, specialty or DIY retailer, there is a large amount of checkout traffic that can be handled with this card-only, small footprint solution,” says Dusty Lutz, general manager self-checkout solutions at NCR Retail. “This technology is ideally designed for ‘grab-and-go’ convenience for driving more revenue and convenience during peak shopping hours.”
  • FreedomPay Announces PCI-Validated Point-to-Point Encryption And EMV Support Through Newly Enhanced Microsoft Azure - “The FreedomPay Commerce Platform on Azure offers customers security, scalability and access to real-time data,” said Christopher Kronenthal, Chief Technology Officer at FreedomPay. “Microsoft has enabled FreedomPay to deploy one of the industry’s most comprehensive payment security standards and transactional data services to merchants embracing a real-time retail ecosystem.”
  • BMO Launches iPad App with Integrated Access to Banking and Self-Directed Investing - "With one streamlined login, customers can easily manage their personal banking and self-directed investing with the added benefit of a personal financial management tool," said Cesar Rainusso, Vice-President, Digital Channels, BMO Financial Group.

Glenbrook's 2015 Payments Education Schedule Now Available!

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!

November 10, 2014

Headline News from PaymentsNews.com - November 10, 2014

On the Web:

  • Cultural Adventures In Payment Systems – Part I - Monday Note (Jean-Louis Gassée) - "This insouciant way of doing business was unheard of in my Gallic homeland. The French (and most Europeans) think that trust is something that must be earned, that it has a value that is debased when it’s handed out too freely. They think an American’s trusting optimism is naïve, even infantile."
  • Can Apple Pay and CurrentC Coexist? - PC World (Tim Bavarian) - "What I suspect will happen is that stores backing CurrentC will eventually cave and also offer Apple Pay, too. There is no reason they should not coexist."
  • Why Facebook Has Entrusted Its Future to the CEO of PayPal - Wired - "The company that controls the messaging platform will control the future of the way we interact with people and, quite possibly, with businesses."
  • Apple Watch set to become gatekeeper to the iPhone - Mobile Commerce Daily - "I am excited for the Apple Watch and believe that it is going to be a game-changer for consumers and marketers alike."
  • Happy Birthday to the FICO® Score! - FICO Blog - "The FICO® Score is 25 years old in 2014. Introduced in 1989, it democratized access to credit by removing many of the barriers to fair lending."

On the Wires:

  • NCR Silver POS to Support Bitcoin - "Bitcoin support, which will be integrated with NCR Silver by the end of 2014, will be free to merchants. After registering with a bitcoin processor, all merchants have to do is activate bitcoin as a payment option in the POS back office within NCR Silver. Consumers, meanwhile, pay using a mobile bitcoin “wallet” app which is available in either the Apple App StoreSM or Google PlayTM store."
  • Citi Convenes Developers from around the Globe to Unveil Innovative Digital Banking Solutions at Citi® Mobile Challenge Demo Days - “Through Citi Mobile Challenge, we are reaching out to developers in a groundbreaking way with the ultimate goal of improving client experiences,” said Heather Cox, Chief Client Experience, Digital and Marketing Officer for Global Consumer Banking at Citi. “This global initiative is the first of its kind in banking. The scope is unprecedented, with several hundred submissions from 62 countries."
  • Borderfree Brings Top U.S. Retailers to Chinese Shoppers This Holiday Season with New Alipay ePass Service - “We believe the time is finally right for retailers to aggressively enter the Chinese market, and Borderfree is actively exploring new ways to help our customers more effectively reach this tremendous consumer base,” said Michael DeSimone, Chief Executive Officer, Borderfree.
  • Drive Mobile Banking Adoption by Focusing on Three Key Areas Says Fiserv White Paper - "Titled “Exceeding the Mobile Adoption Benchmark: Effective Strategies for Driving Greater Adoption and Usage,” the complimentary white paper provides proven, actionable strategies to optimize mobile banking investments, with a focus on the three key areas of product investment, marketing and frontline staff engagement."

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!

October 30, 2014

Headline News from PaymentsNews.com - October 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!

October 29, 2014

Headline News from PaymentsNews.com - October 29, 2014

On the Web:

On the Wires:

  • Visa Inc. Reports Strong Fiscal Fourth Quarter Adjusted Earnings Per Share Growth of 17% and Full-Year 2014 Adjusted Earnings Per Share Growth of 19% and Announces a New $5.0 Billion Share Repurchase Program - "Our enviable competitive position, strong business model, and great talent helped us deliver adjusted EPS growth of 17% for the fourth quarter and 19% for the full year in the face of continued tepid economic growth and a strengthening dollar. More importantly, the underlying metrics which will drive our revenue growth over the longer term are strong and getting stronger," said Charlie Scharf, Chief Executive Officer of Visa Inc.
  • Poynt Introduces World's First Smart Payment Terminal - "Consumers carry connected supercomputers in their pockets while in-store technology still centers around a glorified calculator," said Poynt founder and CEO, Osama Bedier, former head of Google Wallet and long-time PayPal senior executive. "Solving for that disparity, we borrowed from the best in mobile technology to make the payment terminal smart and help small businesses rise to meet growing consumer expectations."
  • Cardlytics Raises $70 Million in Funding - "Led by Discovery Capital, this funding brings Cardlytics’ total venture funding to just over $170 million. Cardlytics intends to use the funds to continue to extend and expand the breadth of the company’s capabilities to make all marketing more relevant and measurable. Morgan Stanley acted as adviser on the deal."
  • U.S. Bank Simplifies B2B Electronic Payments - "The Payment Plus basic payment instruction file transmits payment instructions from the customer to U.S. Bank though a simple CSV (common separated value) file that is easy to use and fast to set up. Because it requires the completion of substantially fewer information fields than the standard payment instruction file, typical users won’t need dedicated IT resources to program it."
  • 2013 FDIC National Survey of Unbanked and Underbanked Households - "The survey addresses a gap in the availability of comprehensive data on the number of unbanked and underbanked households in the United States."
  • CARDFREE Partners with Taco Bell® For New Mobile Commerce Application - “Taco Bell is not only one of the largest QSRs in the country, they are one of the savviest marketers out there,” commented Jon Squire, founder and chief executive officer of CARDFREE. “We are extremely proud to be working with them on what is bound to be a game changer for the industry."
  • First Data Reports Third Quarter 2014 Financial Results - “Our results this quarter demonstrate how we are developing innovative products and solutions, collaborating with global brands and strengthening our balance sheet, all while continuing to grow our business,” said Chairman and CEO Frank Bisignano.
  • NRF Statement on Mobile Payment Services - "Merchants large and small make business decisions every single day based upon what makes the best sense for the business, their associates and most importantly, their customers. The payment systems they decide to implement are no different. Data security is paramount, but so is flexibility, cost and ease of use."
  • ShopKeep Introduces the ShopKeep Gift Card - "ShopKeep, the cloud-based small business technology provider trusted by more than 10,000 small business owners to manage retail shops and restaurants with iPads, today announced that it is expanding its product offering to include the ShopKeep gift card."

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!

August 01, 2014

Headline News from PaymentsNews.com - August 1, 2014

On the Web:

On the Wires:

  • It's a slow news day! Enjoy your summer!

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 24, 2014

Headline News from PaymentsNews.com - July 24, 2014

On the Web:

On the Wires:

  • LoopPay Secures Investment from Visa Inc. - “Visa continually evaluates and invests in new technologies that have the potential to transform mobile devices into secure payment vehicles,” said Jim McCarthy, senior vice president of innovation and strategic partnerships, Visa Inc. “LoopPay has developed compelling technology that has the potential to enable merchants to accept payments from mobile devices using their existing point-of-sale infrastructure.”
  • Citi® Commercial Cards Joins With Concur® to Offer a New, Enhanced Reporting Solution - We’re excited to partner with Concur, a recognized leader in the industry, to provide these reporting packages to our clients. These enhanced travel reports will not only provide efficiencies for our customers by automating current manual processes, but also enable clients to make key travel program decisions more quickly and with more confidence,” noted Manish Kohli, Citi’s Global Head of Commercial Cards.
  • Discover® Fuels Summer Fun with Cashback Bonus® at Gas Stations - “Discover cardmembers who are commuting or traveling can earn up to $75 Cashback Bonus for the many miles they drive during the summer months,” said Heather L. Roche, vice president of rewards at Discover.

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 14, 2014

Headline News from PaymentsNews.com - July 14, 2014

On the Web:

  • Bitcoin and Charities - A VC (Fred Wilson) - "If you own Bitcoin, at Coinbase or in your own wallet, you can gift your Bitcoins to charity and save them pretty much all of their online fundraising costs."
  • Beware Keyloggers at Hotel Business Centers - Krebs on Security - "The next hotel business center you visit may be completely locked down and secure, or it could be wide open and totally overrun with malware. The trouble is that there is no easy way for the average guest to know for sure."
  • Curated Food Delivery Startup Caviar In Talks To Be Acquired By Square For $100 Million - TechCrunch - "Caviar is one of many new startups that seeks to enable customers to order meals online and have them delivered in a short period of time."
  • The Password Is Finally Dying. Here's Mine - Wall St. Journal - "Google is working on an as-yet unnamed protocol that allows you to connect to your online accounts on any device by authenticating yourself with your smartphone."
  • Why Jack Ma Separated Alipay In Alibaba’s Words - Wall St. Journal Digits - “This action enabled Alipay to obtain a payment business license in May 2011 without delay and without any detrimental impact to our China retail marketplaces or to Alipay.”

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 24, 2014

Headline News from PaymentsNews.com - June 24, 2014

On the Web:

On the Wires:

  • Wal-Mart de Mexico y Centroamerica, Bancomer Transfer Services team up to make collecting remittances easier - "Remittances are an important part of the economy of many families we serve in Mexico," said Antonio Ocaranza, Corporate Communications director of Wal-Mart de Mexico y Centroamerica. "This partnership with Bancomer Transfer Services will give our customers an extraordinary way to receive family remittances from their relatives in the United States in an easy, fast, safe manner — and at convenient hours."
  • Debit Cards Continue to Show Resilience after Turbulent Year - "The 2014 Debit Issuer Study, commissioned by PULSE, found sustained growth in both consumer and business debit in 2013. Financial institutions weathered the Target data breach and are looking for solutions to enhance security, with many issuers now planning to implement EMV debit, the study shows."
  • America First Credit Union adds Location-Based Offers, Loans to Mobile Banking App Built on Mobiliti from Fiserv - “Our strategy for our mobile app is to add as much functionality to it as we can, so that the mobile channel becomes both a competitive differentiator and a member delighter,” said Brice Mindrum, mobile services manager, America First Credit Union. “These updates were driven by a desire to better serve members and deliver convenience along with a bit of a ‘wow’ factor.”
  • PowaPOS Partners with iConnect to Meet Growing Demand for Next-Generation Tablet-Based POS Solutions - “Outdated, cumbersome legacy and proprietary POS systems simply aren’t meeting the needs of today’s merchants, especially those looking to prepare for the coming EMV transition,” said Jeffrey Dumbrell, CEO, PowaPOS. “With this partnership, PowaPOS and iConnect make it easy to replace those systems and have all the power, sophistication and security of the most advanced integrated POS system on the market.”

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 23, 2014

Oracle to Acquire Micros for $5.3 Billion

Micros 140pxMICROS Systems has announced that it has entered into a definitive agreement to be acquired by Oracle. The purchase price represents a fully-diluted equity value of approximately $5.3 billion, or $4.6 billion net of cash.

"MICROS has been focused on helping the world’s leading brands in our target markets since we were founded in 1977, including running more than 330,000 sites across 180 countries today," said Peter Altabef, President and CEO, MICROS.

"In combination with Oracle, we expect to help accelerate our customers’ ability to innovate and differentiate their businesses by utilizing Oracle’s technologies, cloud solutions, and scale. We are very excited about the great opportunities this will create for our customers and employees."

The addition of MICROS extends Oracle’s offerings in industries by combining MICROS’ industry specific applications with Oracle’s business applications, technologies and cloud portfolio. Together, Oracle and MICROS will help hotels, food & beverage facilities, and retailers to accelerate innovation, transform their businesses, and delight customers with complete, open and integrated solutions.

June 18, 2014

Headline News from PaymentsNews.com - June 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!

May 15, 2014

Headline News from PaymentsNews.com - May 15, 2014

On the Web:

  • Payments regulation: a summary of the latest views - Financial Services Club Blog (Chris Skinner) - "This new generation could be real-time payments, which were discussed in a strategy roundtable session. At present there are around 35 faster or real-time payments initiatives launched or under development globally."
  • EMV migration won't save retail - Fierce RetailIT - "Some contend that fraud will actually increase during the shift to EMV cards."

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 12, 2014

Headline News from PaymentsNews.com - May 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!

May 09, 2014

iZettle Raises $55 MM Series C Financing

IZettle logoiZettle has announced closing a €40 million Series C funding led by London-based growth investor Zouk Capital with participation from Dawn Capital and Intel Capital, and Series A and B investors Creandum, Greylock Partners, Index Ventures, Northzone and SEB Private Equity. Investors in previous rounds include American Express, MasterCard and Banco Santander.

Using a card for payment is second nature to all of us, so it remains extraordinary that millions of small companies and traders are still locked out of this system by their size,” said Medlock. “iZettle gives this huge market the ability to accept card payments, helping smaller enterprises save time, paper and energy while professionalising their operations.”

“Building on its early successes in Europe, we’re excited about iZettle’s growth plans, and believe this round will give them the fire power required to execute on the next phase of expansion,” Medlock added.

“At the core of Zouk’s investment thesis is the emergence of what we call resource intelligence: recognising that not only should we be doing more with less, but that resources, process and systems are more connected than ever. iZettle is a great example of this concept in action.”


iZettle started in 2011, offering an easy way to take card payments using mini credit card readers that transform smartphones and tablets into cash registers. Today, small businesses come to iZettle for tools to grow their business: from complete point of sale solutions, to free sales overview apps like reports and graphs to spot sales opportunities and identify loyal customers.

Sweden’s Financial Supervisory Authority regulates iZettle, whose services are EMV (Europay, MasterCard and Visa) approved and compliant with the Payment Card Industry Data Security Standard (PCI DSS). In addition to Mexico and Brazil, the iZettle app, Chip & PIN and Chip & Signature readers, and free business management software are now available in the U.K., Spain, Germany, Sweden, Denmark, Norway and Finland.

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 09, 2014

Headline News from PaymentsNews.com - April 9, 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!

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