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SimplyTapp

Welcome to the News View for "SimplyTapp".

Here, on these archive pages, you'll find all of the articles on Payments News for SimplyTapp 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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October 21, 2015

Headline News from PaymentsNews.com - October 21, 2015

On the Web

On the Wires

  • Visa Launches New Platform to Help Card Issuers Market and Grow Their Business - "Visa Inc. today announced the launch of Visa Integrated Marketing Solutions (VIMS), a card marketing platform designed to help small to medium-sized issuers optimize their marketing efforts. The VIMS platform enables the development and execution of key marketing services across the customer lifecycle – from acquiring new customers to cardholder retention."
  • W3C Starts Web Payments Standards Work to Streamline the Online "Check-Out" Process - "The industry has looked to digital wallets as a way to improve security and usability, as well as to support marketing initiatives. And yet, users have not yet wholeheartedly embraced them," said W3C CEO Dr. Jeff Jaffe. "We believe that one reason for this is that the digital wallet market is fragmented and providers use incompatible programming interfaces."
  • Diebold Software Innovation Slashes Fraud Exposure Through Secure Onboarding To Digital Payments - "SimplyTapp believes extending consumer relationships through mobile devices is critical to the future of banking," said Doug Yeager, SimplyTapp chief executive officer and co-founder. "Together with Diebold's secure self-service technology and our leading Cloud Token Solution, the need for highly secure authentication and card onboarding can now be fully realized at the convenience and familiarity of a bank's ATM."
  • Synchrony Financial Launches CarCareONE Mobile App to Deliver Account Servicing, Store Locator Functionality, and Special Offers to Millions of Cardholders’ Smartphones - “Our CarCareONE app offers a new platform for our automotive merchants to engage with their customers wherever they are,” said Glenn Marino, executive vice president & CEO of Synchrony Financial’s Payment Solutions platform. “We know that financing is an important consideration for drivers dealing with an unexpected repair or routine maintenance, and this innovative app provides CarCareONE cardholders a useful tool to manage their account, locate services for all their auto maintenance needs, and find valuable offers from our network of retailers and service shops across the country.”
  • Buy With Affirm, Pay in Monthly Installments Now Available to 3dcart eCommerce Merchants - “Installments aren't just a slick way for consumers to temporarily defer payment," said Levchin. "It’s how Affirm helps eTailers boost sales and consumers, who may not have credit cards or who choose not to use them, pay for their purchases in a way that best matches their monthly budgets."
  • Intuit and Fundbox Partner to Tackle #1 Pain Point Faced by Small Businesses: Cash Flow - Fundbox CEO Eyal Shinar added, “We are thrilled to become a more deeply embedded solution within Intuit’s QuickBooks ecosystem - we know millions of SMBs will benefit from this partnership.
  • SumUp Expands To U.S. With Launch Of EMV Card Terminal - "It's a perfect time to bring SumUp to the U.S. The shift to EMV chip cards puts more costly fraud liability on stores without chip terminals -- but only half of small businesses are even aware of EMV liability," said Daniel Klein, CEO of SumUp. "EMV is the norm around the world, and SumUp is the platform of choice for EMV transactions in 14 countries today. We are here to help U.S. merchants and partners such as cash register vendors to transition quickly and securely to EMV, by making payments as easy as possible for their customers."
  • Discover Financial Services Joins Banking Industry Architecture Network - "Discover Financial Services recently joined the Banking Industry Architecture Network, a not-for-profit industry standards association, to leverage a banking-industry-specific framework and standard messaging to speed the delivery of new products and services."

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!

July 29, 2015

Headline News from PaymentsNews.com - July 29, 2015

On the Web:

On the Wires:

  • TD Bank and MasterCard Partner to Drive Innovative Payment Solutions - "TD Bank ... announced an agreement with global payments technology company MasterCard to route debit and prepaid card transactions over MasterCard’s Maestro network. Through the agreement, MasterCard will process TD Bank’s debit card and prepaid card PIN transactions."
  • How America Pays in 2015 - “Consumers still have a strong preference for traditional payment methods like debit cards and prepaid cards. Those payments tools are not going away anytime soon, even as interest in and usage of new payment methods grows,” said Teri Llach, chief marketing officer at Blackhawk Network, a pioneer of prepaid gift cards, payments tools and rewards delivered via a robust and convenient network. “Our findings prove that payments is not either/or when it comes to legacy payments versus emerging products; it’s really about convenience and providing a mix of options.”
  • MasterCard Incorporated Reports Second-Quarter 2015 Financial Results - “Our business continues to perform well with good transaction and volume growth, particularly in cross-border, despite the mixed global economic environment and foreign exchange headwinds,” said Ajay Banga, president and CEO, MasterCard. “We are executing on our strategy to grow our business by focusing on winning new deals in our core payments business, while building out our data analytics, processing and safety applications. A blend of acquisitions and organic investments in these spaces remain at the foundation of our strategy.”
  • TSYS Reports Second Quarter Adjusted EPS Grew 29.0% - “For the second quarter in a row, we exceeded our expectations that resulted in another outstanding quarter and year-to-date performance. Organic revenue grew 13.7% year-to-date as we continue to deliver exceptional performance across our key metrics,” said M. Troy Woods, chairman, president and chief executive officer of TSYS.
  • Planes, Trains, and Cruises All Now Easier to Purchase Online as MasterPass Expands Travel Industry Acceptance - “Travel merchants are increasingly looking to drive efficiencies in the online booking process,” said Vib Prasad, Group Head of MasterPass at MasterCard. “MasterPass can provide a seamless checkout experience while delivering the security our cardholders have come to expect when using a MasterCard, so they can focus on enjoying their time away.”
  • AcceptEmail and PayWithMyBank® Partner to Bring Consumers Heightened Convenience in Bill Payments while Cutting Down on Billing Costs - “This is the best of both worlds,” said AcceptEmail CEO Peter Kwakernaak. “Billers who take advantage of the combination of AcceptEmail and PayWithMyBank need not make adjustments to their systems, website or Apps in order to get VerifiedACH with real-time confirmations. They will reap substantial savings too. ACH is far less expensive to transact than credit card payments, which often take a percentage of the invoice amount.”

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!

June 04, 2015

Headline News from PaymentsNews.com - June 4, 2015

On the Web:

On the Wires:

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!

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!

December 02, 2014

Headline News from PaymentsNews.com - December 2, 2014

On the Web:

On the Wires:

  • MasterCard Board of Directors Announces Increase in Quarterly Dividend and $3.75 Billion Class A Share Repurchase Program - “Today’s dividend and share repurchase program announcement comes as a result of our continued, strong financial performance,” said Ajay Banga, president and CEO, MasterCard. “We remain committed to delivering value to our shareholders, while investing in the growth of our business.”
  • SimplyTapp Raises $5.9M to Propel Mobile Payment Innovation - "SimplyTapp, the leading provider of Host Card Emulation (HCE) solutions for cloud based mobile payments, today announced it has raised $5.9M of a Series B financing round from undisclosed new investors and existing investors Blue Sky Capital and Lightspeed Venture Partners, bringing the total amount of funding raised to date to $7.6M."
  • CARDFREE Completes its Next Generation Order-Ahead Product - "This new patent license enables CARDFREE to provide its exceptional online/mobile ordering solutions within the US - for restaurants and other verticals. CARDFREE’s award-winning platform provides full commerce capabilities including cross-channel CRM, loyalty, payments and now its next generation order-ahead solution."
  • AribaPay Takes Off - “By automating billing and settlement and digitizing the “pay” in procure-to-pay, AribaPay is bringing the same simplicity to B2B payments and effectively changing the game by enabling companies to drive a more efficient, effective process that creates benefits on both sides of the equation.”

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 28, 2014

Headline News from PaymentsNews.com - October 28, 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!

June 23, 2014

Headline News from PaymentsNews.com - June 23, 2014

On the Web:

  • The Fed Gets Some Mojo? - PaymentsViews.com (Carol Coye Benson) - "I was delighted to hear that they believe that a new, faster-payments infrastructure may be the best option for our industry."
  • Bitcoin and Charities Were Made For Each Other, They Just Don’t Know It Yet - A VC (Fred Wilson) - "This talk brings together three of the things I have been spending most of my time on over the past year (crowdfunding, bitcoin, and philanthropy). If you want to hear me talk about the things that get me up and out of bed in the morning, come to this."
  • Exclusive: McDonald's Is Secretly Testing Its Own Order-Ahead And Payments App - Business Insider - "McDonald’s is quietly testing an order-ahead and mobile payment app at a tiny handful of its more than 14,000 U.S. locations."
  • BancSouth Wins Big - Bank Lawyer's Blog - "A recent Eighth Circuit Court of Appeals decision in favor of BankSouth bodes well for financial institutions who understand their obligations under UCC Article 4A and take those obligations seriously."
  • Card Wash: Card Breaches at Car Washes - Krebs on Security - "An investigation into a string of credit card breaches at dozens of car wash locations across the United States illustrates the challenges facing local law enforcement..."

On the Wires:

  • Bank of America Changes the Game With Preferred Rewards - “Preferred Rewards is the first program of its kind to offer clients benefits and rewards for everyday banking,” said Dean Athanasia, president of Preferred Banking at Bank of America. “It is the result of deep client research to develop and deliver a simple program that provides clients benefits and rewards they will actually use, and shows them how much we appreciate it when they choose to do more business with us.”
  • SimplyTapp Announces Self-Serve HCE Platform - "We are excited to make this exceptional offering to issuers and application developers; it is consistent the technology built into our agile and scalable platform. HCE is a new and tremendously empowering feature for card issuers, so it is important that the process of 'getting familiar with' and using the new technology be as friction free and open as possible," Doug Yeager, co-founder and CEO of SimplyTapp.
  • Housetab Mobile Application Launches in New York - "HouseTab is the only mobile payment app that provides convenient, multi-functional solutions for both payments and social networking, revolutionizing the social experience for its users."
  • American Express Names Laureen E. Seeger General Counsel - "Ms. Seeger, 52, has served as executive vice president, general counsel and chief compliance officer of McKesson since 2006."

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 17, 2014

Headline News from PaymentsNews.com - June 17, 2014

On the Web:

  • Leveraging Fingerprint Authentication on Mobile Devices: Apple’s Touch Id Api & More - Nok Nok Labs Blog - "At Nok Nok Labs, our developers wasted no time in testing and integrating our Multifactor Authentication Client (MFAC) with the Touch ID API. It took us 2 days to plug in Touch ID to our client, meaning any existing application integrated with our iOS client will be able to start using this feature immediately when it’s released."
  • Kosta Peric's Mission to Reach the Unreachable - Ripple Blog - "Today, Peric forges forward with that very mission, now a deputy director for the Financial Services for the Poor at the Bill & Melinda Gates Foundation, a role that takes him to underserved regions around the world like Africa and Southeast Asia where his expertise and experience is most urgently needed."
  • Suze Orman’s Approved Prepaid Debit Cards Are Quietly Discontinued - New York Times - "Suze Orman is quietly getting out of the payments business. Starting July 1, Ms. Orman’s Approved card, a prepaid debit card aimed at budget-challenged consumers, will no longer work..."
  • The Gilded Age of Free Online Shipping: Enjoy It While It Lasts - Wall St. Journal - "The big shipping companies are now pushing back against the worst excesses of this, with FedEx announcing in May that it will begin charging its shipments based on both size and weight."

On the Wires:

  • First Data Introduces InsighticsSM Solution for Small Business - "Insightics is an innovative, cloud-based software that unlocks the power of big data behind payment transactions to give SMB merchants the ability to monitor key business metrics affecting their business, better understand customers to engage effectively, and derive more value from marketing and loyalty programs to grow revenue."
  • VeriFone Expands Way2ride Mobile App to Philadelphia Taxis - "Way2ride makes the taxi experience faster and easier for passengers in Philadelphia by enabling them to tap and pay for cab fares in 1,400 of the 1,600 taxi cabs currently operating in the city."
  • Umpqua Bank to Convert to FIS Core to Enhance Customer Experience - “Umpqua is focused on offering the sophisticated products and services of a large bank, delivered with the personal service, integrity and engagement of a community bank, and the innovative customer experience of a leading retailer,” said Sonny Sonnenstein, EVP, CIO, Umpqua Bank. “Partnering with FIS allows us to continue to offer our customers a compelling banking experience while positioning ourselves for future growth.”
  • NFC Forum and Bluetooth SIG Expand Developer's Guide to Include Bluetooth® Smart Technology - "NFC and Bluetooth are complementary wireless technologies that can be designed to work in concert in a variety of use cases. For example, manufacturers have the flexibility to use NFC technology in conjunction with SSP by supporting both negotiated and static handover between Bluetooth devices, such as wireless headsets, personal health devices, smartphones, cars, and TVs."
  • SimplyTapp Adds Mohammad Khan to Its Board of Directors - "I have always believed that mobile will be the next major media for payments and enhanced shopping experience. I see host card emulation technology to help achieve this goal easier and faster," says Mohammad Khan

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 27, 2013

SimplyTapp Announces Series A Funding From Lightspeed Venture Partners

SimplyTapp 140pxSimplyTapp has announced that it has raised its Series A round led by Lightspeed Venture Partners and continued support from Blue Sky Capital.

Lightspeed gives us the backing we need to grow the company at just the right time," said Doug Yeager, CEO of SimplyTapp. "They really understand the space and share our vision for the future of mobile enabled payments. We are thrilled to have them as our partner."

SimplyTapp Inc. was founded in 2011 by Doug Yeager and Ted Fifelski for the purpose of breaking down the barriers in the mobile payments ecosystem for developers. The company created Host Card Emulation (HCE) and deployed it into the CyanogenMod operating system in early 2012 to bypass the network operator's SIM card to complete a mobile payment at a point of sale terminal. Google launched HCE with the latest Android 4.4, KitKat and now uses HCE within the Google wallet implementation on the Nexus 5.

The SimplyTapp team will bring secure open innovation to developers and issuers that have been dominated by complexity," said Tim Danford of Lightspeed Venture Partners. "HCE is getting significant interest, I'm looking forward to working with the team to build a market leading company."

The company has implemented the first platform that leverages HCE for mobile payments. A main advantage of the platform is the ability to leverage existing POS hardware infrastructure without requiring merchant adaptation. The platform is open to developers and card issuers; allowing for innovation in mainstream card issuance to go beyond PayPal and Stripe. Through secure and open APIs, SimplyTapp enables developers to include HCE payments in their applications. The service automates the process of securely storing issuer's card credentials in the cloud.

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