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Welcome to the News View for "Pulse".

Here, on these archive pages, you'll find all of the articles on Payments News for Pulse 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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August 06, 2015

Headline News from - August 6, 2015

On the Web:

On the Wires:

  • Debit Industry Changes Markedly in 10 Years of Debit Issuer Study - “The past decade saw a major shift in consumer preference to paying with debit cards, which accelerated after the 2008-2009 recession,” said Steve Sievert, Executive Vice President of Marketing and Communications for PULSE. “We believe there is still opportunity for debit growth, considering that consumer use of debit for smaller purchases is rising, and the average active debit card is used about five times per week.”
  • Worldwide EMV Payment Card Shipments Top 2.1 Billion in 2014 with 43% Issued into the United States and China, says ABI Research - ABI Research’s Senior Analyst Phil Sealy comments, “Although future growth for EMV card volumes may be limited, other revenue avenues are opening. All the major players including Gemalto, Oberthur Technologies, Giesecke & Devrient, and Morpho are balancing strategies in a bid to address next-generation opportunities."
  • BitPay Brings Bitcoin to Payments Companies on Three Continents - "During the first half of 2015, the company has signed deals with PSPs Payfirma, Sonic Payments, BillPro, Kadu, OpenPay, and Ixopay. These payments companies are based on three continents and, in total, serve more than 100 countries."
  • linked2pay® Launches Bank Centric Payments - “Bank Centric Payments leverages our proven, robust payments platform as a white label with the tools and access layers that make it easy and cost effective for a bank to provision low cost, feature-packed payment (card and ACH) solutions out to resellers and merchants (SMB and enterprise) in a secure and harmonized way" according to Robert McShirley, CEO of linked2pay.

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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:!

January 29, 2015

Headline News from - January 29, 2015

On the Web:

  • Can RBC’s digital wallet beat Apple? - Globe and Mail - "The system doesn’t require the bank to share vital and valuable customer data with retailers, phone manufacturers or wireless service providers. RBC considers it to be a world-beating new technology, one that will make the bank a global player in the processing of mobile payments."
  • India Banking: Downwardly mobile - Economist - "The scheme’s initial goal has been surpassed: 120m accounts have been opened. Arun Jaitley, the finance minister, has claimed that almost every household in India now has access to banking."
  • With a Few Bits of Data, Researchers Identify ‘Anonymous’ People - New York Times - "In the study, titled “Unique in the Shopping Mall: On the Reidentifiability of Credit Card Metadata,” a group of data scientists analyzed credit card transactions made by 1.1 million people in 10,000 stores over a three-month period."
  • Now available in the UK: Send and request money right from Gmail - Google Commerce Blog - "Since we announced Send Money in Gmail, paying back your friends has never been so simple, whether you’re chipping in for lunch or reimbursing your housemate for your share of the rent. Today, we're excited to make this feature available for Gmail users in the UK."
  • The debit card fee driving US banks crazy – and costing consumers more than they realize - Guardian - "Here’s the problem, which most of us can relate to: banks love fees. But banks can’t levy a fee that isn’t “reasonable and proportional” to the cost of processing the transaction. That’s the rule under the terms of the Durbin amendment, which is part of the Dodd-Frank package of Wall Street banking reforms."
  • Retailers must embrace in-store pickup - Mobile Commerce Daily (John Pincott) - "Research by PricewaterhouseCoopers and AT Kearney shows that 80 percent of customers research their purchases online, but 75 percent of consumers still prefer to buy products in a physical store."

On the Wires:

  • Visa Europe: Record spend, transaction volume and e-commerce levels as revenues rise in 2014 - "Gross revenues grew 9% year-on-year to €1.9 billion while profits of €344 million were €80m higher than last year. This enables Visa Europe to invest more than €200 million in new payments technologies to accelerate the growth of digital payments."
  • PULSE Introduces New Brand Identity to Support Expanded Payments Solutions - “PULSE and the debit landscape have both changed considerably in recent years, and it was time for our brand identity to reflect those changes,” said PULSE President Dave Schneider. “At the same time, millions of cardholders know to look for the familiar PULSE logo at the point of sale and on ATMs, so our new look builds upon our existing strong brand equity.”
  • BitGo Launches Platform API to Secure and Scale the Next Generation of Bitcoin Businesses - “The BitGo Platform API can help businesses, both large and small, focus their development resources on core competencies and product differentiation while security is managed by the specialists. Now is the opportunity to create a bitcoin ecosystem free from hacks that plagued the industry over the last few years.”
  • VantageScore Solutions Announces Major Strides in Market Adoption - “With this surge in market adoption, the consumer finance industry, including the largest banks in the country, clearly have voted for choice in the marketplace and are taking advantage of the transformative differentiators offered by the VantageScore model,” said Barrett Burns, president and CEO of VantageScore Solutions.

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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:!

October 20, 2014

Headline News from - October 20, 2014

On the Web:

  • Apple Store app updated with Apple Pay support - - "You can use Apple Pay both when ordering online, as well as when checking out at an Apple Store with EasyPay."
  • OpenTable adds Apple Pay support for iPhone in three US cities - - "OpenTable, the popular restauant reservation service, has updated its iPhone app that adds Apple Pay support..."
  • Bank of England payment system crashes - Guardian - The Bank of England said it had “identified a technical issue related to some routine maintenance of the RTGS payment system and has paused settlement while we resolve it”.
  • Apple Pay Rolls Out, With Holes in System - Wall St. Journal - "Many retailers—including the nation’s largest, Wal-Mart Stores Inc. —aren’t part of Apple’s network. Only a minority have machines capable of reading the near-field communication radio signal that makes Apple Pay work."
  • Apple Pay Faces Lighter Compliance Than Paypal, Google - WSJ Risk and Compliance Journal - “If the device maker does not accept and transmit value, and just transmits encrypted card information that is used by the regular payment system to process the payment among regular participants, it wouldn’t be a money transmitter...”
  • Recurly Raises $12M To Chart the Future of Recurring Billing - Recurly Blog - "We are excited about bringing on a new set of world-class investors - Devonshire Partners and Greycroft Partners - who will add to our existing bench comprised of Polaris Partners,, Harrison Metal and"

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:!

June 24, 2014

Headline News from - 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:!

May 14, 2014

Headline News from - 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:!

March 21, 2014

Headline News from - March 21, 2014

On the Web:

On the Wires:

  • Visa and PULSE Agree on EMV Common Debit Solution - "Visa Inc. and PULSE, a Discover Financial Services company, announced an agreement to enable financial institutions that issue EMV debit cards on both the Visa and PULSE networks to use Visa’s common debit solution."

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:!

September 18, 2013

Headline News from - September 18, 2013

On the web:

On the wires:

Updates from Glenbrook:

  • Join us for our new series of Glenbrook Payments Boot Camps coming this October - 8th/9th in the San Francisco Bay Area and 23rd/24th in New York City!
  • Glenbrook's Allen Weinberg and Erin McCune will be at Money2020 in Las Vegas October 6-10 - please reach out to them directly to catch up in person or set up a briefing at the conference. Erin will be moderating an Invoicing, Billing & Collections panel with CEO Rene Lacerte, Billtrust CEO Flint Lane and Billhighway Chairman Vince Thomas.
  • Glenbrook's Elizabeth McQuerry will be speaking at this year's NACHA Global Payments Forum on October 17-18 in New York City. She'll be speaking on the topic "Mobile Payments, Interoperability & Faster Funds Transfer".
  • Glenbrook's Carol Coye Benson will be speaking at this year's American Bankers Association Annual Convention on October 20-22 in New Orleans. She'll be participating in a panel discussion on The Future of the Payments Industry.
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Find something interesting to share? Tell us about it:!

August 07, 2013

Headline News from - August 7, 2013

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. Find something interesting to share? Tell us about it:!

August 01, 2013

PULSE to Deploy Paydiant's Cloud-based Mobile Payment Solution

Paydiant logo 140pxPulse logo 140pxPULSE and Paydiant have announced they are working together to "provide an easy-to-use mobile commerce solution for PULSE participants. The Paydiant solution will enable PULSE financial institution and merchant partners to quickly deploy contactless payment and cash access functionality to better serve their mobile-minded customers." Paydiant’s mobile wallet platform is software-based and works with both new and existing smartphones – including iPhone® and Android™ devices already in the hands of millions of consumers. It also works with existing point-of-sale (POS) terminals used by participating merchants today without requiring new hardware.

“Paydiant’s platform enables us to offer both our financial institution participants and merchant partners their own branded mobile wallet,” said Judith McGuire, PULSE executive vice president of Product Management. “Paydiant’s unique approach is an important part of PULSE’s overall mobile services strategy.”

“As a leading provider of authenticated debit transaction services, PULSE is positioned to connect all the key constituents in mobile payments,” said Kevin Laracey, co-founder of Paydiant. “They have an outstanding reputation as a trusted and reliable partner to both financial institutions and retailers for delivering secure payment services. This, in combination with PULSE’s open approach to mobile payments, will certainly help advance mobile wallet adoption.”

The Paydiant solution delivers two key capabilities that are expected to help accelerate the use and adoption of mobile wallets, improve payment efficiencies and enhance the transaction experience for consumers in any retail POS or ATM environment where Paydiant enabled wallets are accepted:
  • A software-only merchant acceptance interface that can be quickly deployed on any POS or payment terminal. Once enabled, this open acceptance method can support any compatible Paydiant-powered mobile wallet – whether deployed by a financial institution, retailer or third-party service provider.
  • And, as now offered to PULSE participants, a white label mobile wallet application that is branded and configured by the wallet issuer, rather than a third party. Financial institutions and merchants will be able to determine the variety of payment instruments supported in their wallet, enable customers to redeem offers at a retail POS and use their mobile wallet to make payments at a retailer, or withdraw cash from a participating ATM.

The Paydiant mobile wallet application is enabled through a secure cloud-based system that does not store any sensitive account information on the mobile device or pass account data through the retail environment. Every transaction uses two-factor authentication and tokenization.

July 10, 2013

A Look at How US Debit Card Issuers Are Coping with Reg II

Pulse has published a summary of its findings in its annual Debit Issuer StudyPulse logo 140px noting that most financial institutions it surveyed experienced continued growth in their debit businesses despite downward pressure on debit card interchange revenue as a result of Regulation II. Pulse noted that average interchange rates for regulated debit card issuers have declined by 59 percent for signature debit transactions (from $0.52 to $0.23, on average) and by 32 percent for PIN debit transactions (from $0.32 to $0.23, on average) compared with pre-Reg II levels. Smaller debit card issuers that are exempt from the reductions in interchange revenue "cited competitive dynamics as the cause of a decrease of $0.02 in their average interchange rates for both signature and PIN debit transactions."
“Issuers are more tepid in their outlook for debit. They still expect the industry to grow, just not as rapidly as in the past. In fact, this is the lowest growth projection for signature debit we’ve seen since the study began,” said Tony Hayes, a partner at Oliver Wyman who co-led the study.
In terms of transaction volumes, Pulse found that there was a 14 percent increase in PIN transactions on debit cards and a 6 percent increase in signature debit transactions.

July 09, 2013

Headline News from - July 10, 2013

On the web:

On the wires:

Upcoming from Glenbrook:

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

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Find something interesting to share? Tell us about it:!

May 30, 2013

Headline News - May 30, 2013

On the web:

On the wires:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Find something interesting to share? Tell us about it:!

April 24, 2013

Headline News - April 24, 2013

On the web:

On the wires:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated.

December 13, 2012

August 30, 2012

August 21, 2012

2012 Debit Issuer Study

Pulse logo 140pxAccording to PULSE, debit issuers participating in the 2012 Debit Issuer Study expect to see a 15% growth for PIN debit, and 8% growth in signature debit transactions this year.
The debit market is expanding at the low-end, with small-ticket transactions continuing to displace cash. While the average ticket on a debit transaction is $38, the median is just $19, with more than 30 percent of transactions now less than $10.

March 01, 2012

February 23, 2012

PULSE and Obopay Collaborate to Provide Real-time Payment Solution

Pulse logo 140pxPULSE has announced an agreement with Obopay to enable real-time money transfer capabilities for PULSE financial institution participants.
“Combining our extensive debit network with Obopay’s broad range of mobile money solutions gives consumers a faster and more efficient way to pay with their debit card, while also enabling new revenue generating opportunities for our participants,” said Judith McGuire, Executive Vice President of Product Management at PULSE. “A growing number of mobility-minded consumers require instant payments and transfers. The agreement with Obopay is one way we can help facilitate that for our financial institutions and their account holders.”

October 13, 2011

June 24, 2011

August 10, 2010

PULSE Releases 2010 US Debit Issuer Study

Pulse_logo-140px.pngA new study of debit cards in the US market commissioned by PULSE indicates financial institutions are employing new tactics to increase debit card use:
According to the fifth-annual study, 72 percent of issuers view improving the performance of their debit portfolios by increasing penetration, activation and usage as a top priority this year. One of the key tactics issuers are using to accomplish this objective is the deployment of instant issuance technology.
With instant issuance, cardholders receive a debit card at the branch as part of the process of opening a demand deposit account, rather than receiving their card in the mail. READ MORE »

July 14, 2010

PULSE Introduces PIN Debit for E-commerce Transactions

Pulse_logo-140px.pngPULSE has announced that it is "bringing the security, reliability and convenience of PIN debit to online shopping with the introduction of PULSE Internet PIN debit." The new payment solution, which uses Acculynk's PaySecure Internet PIN debit software, "reinforces the issuer and cardholder relationship by using a financial institution-branded graphical PIN pad." READ MORE »

June 14, 2010

PULSE Finds Consumers Increasingly Prefer Debit Cards Over Cash

PULSEPULSE has announced findings from its 2010 Debit Issuer Study that "the debit market remained robust during the second year of the economic downturn and is projected to grow strongly in 2010. The study finds that much of the growth in debit use is in small-ticket transactions, suggesting that more consumers prefer debit over cash."

PULSE also reported that "the 2010 Debit Issuer Study found that debit card penetration – the percentage of eligible accounts that can be accessed by a debit card – has remained steady at 73 percent since 2007. Sixty-four percent of consumer debit cards are active, largely unchanged from 66 percent in 2008."

With respect to fraud losses borne by issuers, PULSE found that "average signature POS fraud losses increased 43 percent last year from 5.2 basis points (bps) to 7.5 bps, and PIN POS fraud losses rose by 24 percent from 0.8 bps to 1.0 bps." READ MORE »

September 10, 2009

PULSE, TRIONIS Sign European ATM Acceptance Agreement

pulsenetwork_logo.pngPULSE, the Discover Financial Services business unit responsible for expanding global cash access for the company, has signed a long-term ATM acquiring agreement with TRIONIS, a European interbank processing network. TRIONIS is jointly owned by retail banks from nine European countries, the European Savings Banks Group, and First Data. READ MORE »

June 04, 2009

Pulse Releases 2009 Debit Card Issuer Study

Pulse has announced findings from its 2009 Debit Issuer Study including several positive trends for financial institution debit card issuers such as sustained debit transaction growth despite the recession. This study also found that, while the use of PIN debit has increased, fraud loss rates have declined. READ MORE »

May 07, 2009

PULSE Launches New Surcharge-Free ATM Network

PULSE has launched PULSE Select, a surcharge-free ATM network alliance with the MoneyPass Network. The PULSE Select/MoneyPass Surcharge-free ATM Network provides financial institution participants with access to more than 16,000 surcharge-free ATMs in the US. READ MORE »

October 29, 2008

Dealing with Debit Card Myths

PULSE has announced the launch of a new website,, that is says offers "consumers timely and practical information about debit's role as a convenient payment method and a valuable financial planning tool. The site addresses myths and misconceptions surrounding debit cards by offering fact-based information consumers need to know when using debit, as well as advice on making debit part of their personal money management strategy." READ MORE »

August 18, 2008

Pulse Releases 2008 Debit Issuer Study

Surcharge-free ATM access is gaining in popularity among debit card issuers as they explore new ways to better serve cardholders, according to the 2008 Debit Issuer Study, commissioned by PULSE. Financial institutions also are increasingly offering debit rewards. READ MORE »

June 10, 2008

Tips on Debit Card Use, Fraud and Privacy Protection

The PULSE debit network has launched its annual ATM & Debit Card Safety Awareness Month, encouraging consumers to review and practice safety tips when using their ATM/debit cards. This month, PULSE will release a series of safety tips for consumers to consider when traveling or making debit card purchases throughout the year. READ MORE »

April 29, 2008

PULSE Releases 2008 US Debit Issuer Study

A new study of debit cards in the US market commissioned by PULSE identified superior performance by “best-in-class” issuers - 'suggesting significant untapped potential in debit for many financial institutions.' READ MORE »
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