On the Web:
- The Global Struggle of Government Payments - PaymentsViews.com (Erin McCune) - "Over the last year, I’ve been focused on government payments – a compelling mashup of traditional bill pay and multi-channel retail requirements against an intriguing backdrop of policy, economic, and political interactions."
- Introducing Dwolla white label (for payouts) - Dwolla Blog - "Complex regulations, banking relationships, compliance requirements, and security precautions are just a few of the 1,000 cuts facing businesses and platforms attempting to build an infrastructure to access the U.S. payment system. So we thought, why not use our infrastructure?"
- Barclays to become the first major bank to accept Bitcoin - Ars Technica UK - "Updated: Barclays contacted us to clarify that it will not be directly accepting bitcoin deposits."
- PayPal Fights Fraud with Machine Learning and ‘Human Detectives’ - Wall St. Journal - "Stopping fraud is key to PayPal Holding Inc.’s financial health, according to Hui Wang, senior director of global risk sciences. “We have little wiggle room for error. Any one wrong decision will cost the company a lot of money,” she said."
- Emirates gains Apple Pay ticket booking for your next flight to Dubai - iMore - "With Apple Pay support in the app, Emirates customers can purchase their tickets through the app without needing to fill in and store any credit or debit card information with Emirates."
- Lawyer In Visa-MasterCard Antitrust Pact Got Confidential Information From Rival - Wall St. Journal - "A lawyer who is at the center of a controversy surrounding a record-setting $6 billion antitrust settlement acknowledged that she received confidential information from a rival lawyer to advise her client..."
- Opinion: Credit cards with chips are coming to the US, but I promise it'll be fine - Guardian - "And this is only one of several ways in which the American consumer finance system strikes transatlantic visitors, or transplants like me, as bafflingly old-fashioned – like accidentally finding yourself in the pages of a nostalgic, sepia-toned coffee-table book entitled Money Memories Of Yesteryear."
- Flipkart just found a way to solve its epayment problem - TechAsia - "Flipkart, India’s largest e-commerce store, today reportedly bought a majority stake worth US$6.5 million in payment services platform FX Mart. The deal will also place two Flipkart senior executives at FX Mart."
On the Wires:
- Former Visa CEO Joins Kash - "I doubt there are more than a handful of people who know as much about payments in the US as Joe Saunders. He was the CEO of Fleet Credit Card Services, CEO of Providian, and President of Card Services at Washington Mutual. He is joining Kash as the Chairman of our Board."
- FDIC-Insured Institutions Earn $43 Billion in Second Quarter 2015 - "Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $43.0 billion in the second quarter of 2015, up $2.9 billion (7.3 percent) from a year earlier and the highest quarterly income on record. The increase in earnings was mainly attributable to a $3.6 billion rise in net operating revenue (net interest income plus total noninterest income). Financial results for the second quarter of 2015 are included in the FDIC's latest Quarterly Banking Profile released today."
- Banking with the “Bat of an Eye”: First Internet Bank Offers Eyeprint ID Technology for Mobile Banking Access - “Eyeprint ID is the latest demonstration of First Internet Bank’s commitment to customer-centric digital banking,” said David Becker, President and CEO. “Eyeprint ID comes quickly after our introduction of Touch ID authentication earlier this year, which enables customers to log in with a fingerprint. Biometric technology allows us to provide innovative solutions to our customers’ need for secure, convenient account access.”
- Shopkick Blows Past 15 Million Users, Doubles in One Year - “If you stacked all of the gift cards that users have received from shopkick, the pile would be 18 Empire State Buildings, or over four miles, high. That’s 15 billion Kicks, or $60 million, that we’ve rewarded to shopkick users just for shopping how they want to shop,” said Cyriac Roeding, co-founder and CEO of shopkick.
- Xoom Launches Money Transfer Service to Singapore - “We are so excited to offer our money transfer services to customers with family and friends in Singapore,” said Iain Allison, Vice President of Business Development at Xoom. “We look forward to delivering convenient, safe, and economic service to the Singapore market."
Glenbrook's 2015 Payments Education
- Our next Payments Boot Camp session is scheduled for October 13-14 in Palo Alto, California followed by a one-day Insight Workshop on October 15 on the topic of Global Payments.
- If you have questions about our payments education program, please contact Russ Jones for more information.
Updates from Glenbrook:
- 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. Do you have news to share? Tell us here: firstname.lastname@example.org!