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Prepaid Cards

Welcome to the News View for "Prepaid Cards".

Here, on these archive pages, you'll find all of the articles on Payments News for Prepaid Cards 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 08, 2015

Headline News from PaymentsNews.com - April 8, 2015

On the Web:

On the Wires:

  • Apple Pay Coming Soon to You: New Banks & Credit Unions Implement Mobile Payment Service for MasterCard Cardholders - “People are passionate about their devices and they’re ready for their connected devices to do more – including acting as a commerce device – as is evident by the positive reception and uptake of Apple Pay,” said Matt Barr, group head, U.S. Emerging Payments MasterCard. “Consumers want to be able to shop where they want, when they want and how they want – and they want to do so with the confidence that their money is safe and secure no matter how they choose to pay. Issuers are delivering on this by enabling their cards within emerging payment platforms like Apple Pay that deliver consumer choice.”
  • U.S. Bank Offers Prepaid Card Services for the American Red Cross - “Our prepaid card conversion to U.S. Bank will enable the American Red Cross to leverage technology in new ways,” said Steve Casey, corporate treasurer of the American Red Cross. “Most importantly, this new card technology will help the Red Cross deliver its mission more efficiently in communities across the country.”
  • Western Union Enables Skype Customers to Top up at Locations across the U.S. - Western Union’s Odilon Almeida, President, Americas and European Union, said, “The relationship is a logical one, as both Western Union and Skype have a mission to connect people when they are apart. “Western Union is optimizing its money transfer system to link cash and digital for money movement and payments across the globe. We are driving our innovation on the back of what our customers want. Skype is a classic example; where customers can enjoy full digital access with a walk-in payment option,” he said.

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!

April 06, 2015

Headline News from PaymentsNews.com - April 6, 2015

On the Web:

  • Wal-Mart Treasury Exec: Chip & Signature is ‘Worthless’ - AFP - "During a presentation at the Electronic Transaction Association’s Transact conference in San Francisco last week, Mike Cook, senior vice president and assistant treasurer for Wal-Mart, called signature “worthless as a form of authentication” and criticized the rollout of chip-and-signature cards in the United States."
  • More Prepaid Debit Cards Come Without Monthly Fees - Wall St. Journal - "A new survey released Monday by Bankrate.com found that prepaid debit cards are carrying fewer fees and offering customers more chances to avoid additional costs that may be tacked onto the account."
  • FacePay? - TechCrunch - "What if buying something was as easy as Liking it? You’d probably buy a lot more, and buy it through whoever made it so damn simple."
  • Big Investor Involvement Could Boost Bitcoin - Wall St. Journal - “They are all very interested, but it comes down to having some kind of regulatory clarity as well as to the technology available—whether you have something they feel is trustworthy, whether you have a big enough capital base, whether you have good enough technology...”
  • Hacking ATMs, Literally - Krebs on Security - "An ATM technician and KrebsOnSecurity reader shared photos of a recent attack in which three would-be robbers went to town on a wall-mounted cash machine with crowbars and hammers."
  • No cash, no cards - digital currencies and mobile wallets are the future of retail banking - Zawya - "At some stage there will be no cash, no cards, just mobile wallets - everything will be online. Finally digital currencies like Bitcoin, will dominate, at present there are 50,000 transactions a month resulting in billions of dollars of digital currency."
  • Is Mickey Mouse showing us the future of credit cards? - CreditCards.com - "About a year ago, Disney World began offering what it calls "MagicBands" to its annual pass holders and to guests staying at Disney resorts."

On the Wires:

  • Elavon Strengthens its Suite of EMV Offerings with Commerce SDK, Now Enhances Consumer Payment Experience with Apple Pay™ Powered by talech and Ingenico - "The Commerce SDK comprehensive kit accelerates a business’ ability to implement a secure, EMV-compliant payment solution by combining Elavon’s global payment processing, EMV certification coding, encryption and tokenization implementation and hardware support for printers, terminals and mobile devices into one package that is easy to integrate."
  • Brink’s and NetSpend Launch Brink’s Prepaid MasterCard - “Prepaid cards empower those without traditional banking relationships by equipping them with the tools, resources and education to take control of their financial lives and spend responsibly,” said Jeff Feuerstein, group head, U.S. Prepaid, MasterCard. “Access to reputable prepaid offerings from trusted brands such as Brink’s provide cardholders the opportunity to take advantage of all the benefits of electronic payments, including having a secure and convenient means of making purchases, tracking spending, setting budgets and more.”

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 12, 2015

Headline News from PaymentsNews.com - March 12, 2015

On the Web:

  • Four Types of Bitcoin Users on Coinbase - Coinable Blog - "We have seen several different types of bitcoin users emerge over the past few years, with many more likely on the horizon."
  • The five stages of bitcoin understanding - Fortune - “We are still a good year away, in our estimation, from seeing the first production-ready instruments where you can imagine a known financial services company using this. But it’s not 10 years."

On the Wires:

  • Apple Pay is Now Available at Jamba Juice Stores - “We are pleased to integrate Apple Pay as an option for consumers seeking an easy and secure service through which to complete their transactions,” said Julie S. Washington, Jamba Chief Marketing and Innovation Officer. “We believe Apple Pay will help improve the speed-of-service for today’s on-the-go consumer.” Jamba is integrating Apple Pay in approximately 650 stores nationwide.
  • Global Payments and Discover Financial Services Announce Streamlined Card Acceptance on the Discover Global Network in Canada - “The launch of our full acquiring program for Discover is the latest example of our commitment to providing Canadian merchants with robust and innovative product and service offerings,” said René Bélanger, President of Global Payments Canada. “This program brings additional value to our merchant customers by enhancing payment acceptance options and providing them a single source for payment processing, settlement, underwriting, risk management, support and reporting.”
  • VISA ReadyLink Users Can Now Add Funds to Their Cards at Walmart - "The integration of Visa ReadyLink with Walmart's Rapid Reload delivers on InComm's vision to expand the swipe reload technology and streamline the customer experience at the register, simplify the sales process for employees and increase retail foot traffic," saidJeff Lewis, Vice President and General Manager, Financial Services, InComm.
  • Calling All Entrepreneurs: Bring Your Big Idea to MasterCard’s Priceless Elevator Pitch - "Representatives from some of the top venture capital firms in the country will serve as judges for the competition. At the end of each day, they’ll award three finalists with a $250 MasterCard prepaid card. On the final day, Jay Singer, senior vice president, North America commercial products at MasterCard, will join the judging panel and one of the nine finalists will be named the winner of the $15,000 grand prize."
  • Intuit and Bigcommerce Partner to Simplify Financial Business Operations for Online Retailers - “Both Intuit and Bigcommerce develop technology that makes our clients’ lives easier, and this partnership will help Bigcommerce merchants simplify accounting with the help of QuickBooks Online,” said Avi Golan, vice president and general manager of the Intuit Developer Group. “Merchants taking advantage of this integration will save time once spent on accounting, and will be able to keep their focus on running their business.”
  • Intuit Partners with Shopify to Automate Bookkeeping for Online Retailers - “Delivering a seamless integration between QuickBooks Online and Shopify makes it easy for businesses to automatically reconcile sales data,” said Avi Golan, vice president and general manager of the Intuit Developer Group. “This is the latest example of how we’ve turned QuickBooks Online into the world’s leading small business cloud platform, delivering an ecosystem of integrated tools and services."
  • Fifth Third Bank Adopts Dave Ramsey's New SmartDollar Financial Wellness Program - Sheri Kehren, vice president and program manager of financial workplace wellness at Fifth Third Bank, said, "We continue to see employers augment their retirement education efforts and overall corporate wellness programs with a component of financial education. We were very excited when the Bank announced that the new SmartDollar program would be part of their improved Total Rewards program for 2015.”

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!

February 23, 2015

Headline News from PaymentsNews.com - February 23, 2015

Glenbrook Meetup in Chicago - Wednesday, Feb 25

On the Web:

  • The Slow, Steady March Towards Digital Money - Wall St. Journal CIO Report (Irving Wladawsky-Berger) - "On January 27, Citi and Imperial College held their third annual Digital Money Symposium in London. As in previous years, the Symposium convened a group of leaders in their field to explore the state of adoption of digital money and its economic and societal impacts around the world."
  • How Technology Is Tricking You Into Tipping More - TechCrunch - "Digital payment systems use subtle tactics to increase tips, and while it’s certainly good for hard-working service workers, it may not be so good for your wallet."
  • Green Dot is targeting the 'unhappily banked' for its prepaid cards - Los Angeles Times - Streit said Green Dot targets people who are "unhappily banked, meaning you have a checking account somewhere and you just don't like it."
  • Visa research shows Australians set to embrace paying with their phones - News.com.au - "The Visa research shows that nearly two thirds of all face-to-face Visa transactions use payWave, compared with just 14.7 per cent in Canada and 21.5 per cent in Singapore."
  • Apple Pay seems to be growing well - Finer Things in Tech - "First is the list of retailers from the Apple Pay website, unveiled alongside the iPhone 6 announcement in September 2014. Next is the most updated list as of February 21, 2015."

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!

February 09, 2015

Headline News from PaymentsNews.com - February 9, 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!

February 03, 2015

Headline News from PaymentsNews.com - February 3, 2015

On the Web:

On the Wires:

  • Digital River Expands Relationship with American Express to Enhance Payment Services in Mexico - “We know from experience managing more than $30 billion in annual online transactions that consumers are more apt to buy when convenient and familiar payment options are available to them,” said Souheil Badran, Digital River’s senior vice president and general manager of Digital River World Payments. “Adding these services in Mexico will help us further expand our existing relationship with American Express and strengthen our international payments offering.”
  • Jumio Unveils New ID Scan Image Capturing Technology in Latest Version of Netverify - "The new release features a brand new ID image capturing technology, which allows users to position their ID any which way within their camera view. This enhanced template matching capability automatically detects the ID edges, rotates, and accurately crops it in the frame, regardless of the angle at which the user is holding the ID."
  • PEX Visa Prepaid Card and Tallie Launch Integrated Expense Management Solution - “The core value proposition of the PEX Visa Prepaid Card service is that it eases the burden companies place on their employees and accounting departments to cover expense outlays,” said Chris Farrell, CEO of Tallie. “PEX Card allows companies to issue prepaid corporate cards to all employees without the same risks of issuing traditional corporate cards or the accounting labor associated with cash advances."

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 27, 2015

Headline News from PaymentsNews.com - January 27, 2015

On the Web:

On the Wires:

  • USA Technologies Announces Support for Apple Pay - "This immediately adds approximately 200,000 Apple Pay acceptance points to the growing list of locations officially supporting Apple Pay, bringing the advanced mobile payments service to owners and operators of coffee brewers, vending machines, kiosks, laundry equipment, parking pay stations and other self-serve appliances."
  • Blackhawk Network Announces Launch of Blackhawk Engagement Solutions - "Blackhawk Network is a leader in providing unique and easily accessible prepaid and egift content. It was natural for us to extend our solutions beyond retail with the incentives marketplace where we meet needs of consumers, employees and business partners," said Talbott Roche, Blackhawk Network's president.
  • Digital River Expands in India Through a Partnership with Ecommerce Provider Net Distribution Services - “Ecommerce is evolving at a rapid pace in India,” said Ajay Miglani, chief executive officer of NDS. “We are very excited to be working with Digital River to deliver a high-performance ecommerce solution to the market and accelerate our clients’ online expansion plans.”
  • New Publication Establishes Guidelines for Evolving Payroll Card Industry - “A high-quality card can help hard-working Americans plan for the future and take control of their financial health,” said Jennifer Tescher, President & CEO, CFSI. “We are pleased that MasterCard and Visa are putting our Compass Guide to Payroll Cards into practice, and we look forward to working with them to ensure consumers have access to the high-quality products they need.”
  • Western Union Offers Apple Pay™ as New Pay-In Option for Money Transfer Customers - “Our customers have an expectation of using mobile technology to make money transfer service and product accessibility easier. Western Union is rising to the occasion as we harness our system with modifications to link cash and digital transfers between retail locations, mobile phones, prepaid cards, online and traditional bank accounts and ATMs,” said David Thompson, Executive Vice President, Global Operations and Technology and Chief Information Officer.
  • TCF Bank Now Offering Apple Pay Integration with Debit and Credit Cards - “Consumers want fast, convenient and secure ways to pay for purchases,” said Mark Jeter, Managing Director of Branch Banking at TCF Bank. “With Apple Pay, TCF Bank customers now can make payments at thousands of participating retailers or when they make in-app purchases with the confidence that their personal and financial information is protected.”
  • TSYS and Banco CSF S.A. Extend Payments Agreement - "TSYS supports Carrefour’s 12 million hybrid and private-label cards in circulation in Brazil on its market-leading TS Prime® processing solution. The Carrefour portfolio has grown 64% since the Carrefour and TSYS card program began in 2012."
  • Prosper Marketplace Acquires American HealthCare Lending - “This acquisition is an important part of our strategy to grow awareness and expand our product offerings and capabilities into new vertical markets,” said Aaron Vermut, CEO, Prosper Marketplace.

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 06, 2015

Headline News from PaymentsNews.com - January 6, 2015

On the Web:

On the Wires:

  • LoopPay" Expands OEM Partnerships at CES 2015 - "The two new OEM partners announced at CES include XPAL Power (subsidiary of TennRich International - who manufactures products for companies like Mophie and Belkin), and Trident Case®, a leading ruggedized phone case manufacturer, with many other partners in the pipeline. LoopPay is also working with chipmakers to embed LoopPay’s technology and security into silicon, making it easier for future OEM partners to incorporate LoopPay into their devices."
  • Green Dot Promotes Chief Technology Officer Kuan Archer to Chief Operating Officer - "In his role as COO, Kuan will continue to lead all of product development and Information Technology and will assume oversight of vendor management and procurement, business continuity, human resources, supply chain and retail execution. He will report directly to Chairman and Chief Executive Officer, Steve Streit."
  • Bluefin Payment Systems Introduces PCI-Validated Point-to-Point Encryption (P2PE) Solution for Mobile Payments“In this age of cyber-attacks and security breaches, a secure mobile payment solution is absolutely mandatory. Protecting cardholder data, guarding against fraud and, concurrently, reducing merchant and issuer liability requires a multi-faceted approach to securing card information and customer data,” said Ruston Miles, Chief Innovation Officer, Bluefin Payment Systems.

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 09, 2014

Headline News from PaymentsNews.com - December 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!

November 21, 2014

Headline News from PaymentsNews.com - November 21, 2014

On the Web:

  • Add Your Chase Visa Card to Apple Pay for a Complementary Album - Chase - "With Chase and Apple PayTM, your phone and wallet are now one. Set up your eligible Chase Visa card to enjoy more convenient checkouts and, for a limited time, a complimentary album pre-release of Listen by David Guetta on iTunes."
  • Why retailers are wrong on Apple Pay - CNBC Commentary - "There's a war going on for your wallet. Around the world, the credit and debit cards we use every day are under threat from a combination of regulators and aggrieved merchants."
  • Fed Launches Review of Practices for Supervising Big Banks - Wall St. Journal - "The Federal Reserve launched a sweeping review of how it supervises big banks amid growing criticism that its process for policing Wall Street isn’t effective and stifles internal dissent."
  • Everybody Pivots - Bitcoin Foundation Blog - "Our members are signaling that its time to return to our roots and that is to focus on funding the ongoing core development to build out the critical infrastructure that serves as the foundation of this brand new digital ecosystem."

On the Wires:

  • Oink Launches Prepaid Card for Teens - “Our goal is to have Oink be the payment option of choice, online or offline, for families worldwide,” said Dr. Jo Webber, CEO of Oink. “The Oink Card is the perfect complement to our digital product, giving teens a way to have more flexibility to use their personal account to shop in the real world, but still within parental limits and a secure environment where their personal information is protected.”

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 14, 2014

Headline News from PaymentsNews.com - November 14, 2014

On the Web:

  • Glenbrook’s Retailing Framework - PaymentsViews.com (Russ Jones) - "I’ve been thinking a lot about how payments and payment-related technologies fit into the emerging world of multi-channel commerce or omni-commerce as some people call it."
  • Will Bitcoin replace SWIFT? - Financial Services Club Blog - "We have a technology that is being developed in the open for almost six years now, that has more compute power behind it on a decentralised basis than any open source project in history, and that could fundamentally destroy the banking system … and only a miniscule of bankers are trying to understand it."

On the Wires:

  • Bank of Canada is Keeping a Close Eye on E-Money, Says Senior Deputy Governor Carolyn Wilkins - "E-money has the potential over time to alter the fundamental payments architecture around the world and could pose risks both to individuals and the Canadian financial system as a whole. That is why Canada is modernizing its oversight framework for payments."
  • Green Dot Supports CFPB’s Proposed Rules For Prepaid Debit Cards - "Green Dot’s Founder, Chairman and Chief Executive Officer Steve Streit testified yesterday at the CFPB field hearing on the topic in Wilmington, DE. As part of his prepared testimony, Mr. Streit said, “Today the prepaid industry takes another step towards maturity and passes another milestone on its path to long term sustainability and critical mass. I, as a person, and Green Dot, as a company, fully support the CFPB's mission."

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 13, 2014

Headline News from PaymentsNews.com - November 13, 2014

On the Web:

  • Prepaid products: New disclosures to help you compare options - CFPB - "Last March, we asked you to comment on possible prepaid card disclosures. Thanks to your feedback and additional consumer testing, today we’re proposing new disclosure requirements that consumers would receive before deciding to open a prepaid account."

On the Wires:

  • CFPB Proposes Strong Federal Protections for Prepaid Products - "Today the Consumer Financial Protection Bureau (CFPB) is proposing strong, new federal consumer protections for the prepaid market. The proposal would require prepaid companies to limit consumers’ losses when funds are stolen or cards are lost, investigate and resolve errors, provide easy and free access to account information, and adhere to credit card protections if a credit product is offered in connection with a prepaid account."
  • QuickBooks Survey: More Than 40 Percent of Small Business Owners Identify as Financially Illiterate - "In order to arm small business owners with financial knowledge and understanding, Intuit unveiled a new interactive tool designed to encourage new and emerging small business owners to test and improve their financial literacy."

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 03, 2014

Headline News from PaymentsNews.com - November 3, 2014

On the Web:

On the Wires:

  • Consumers Can Now Use Their Barclays, Navy Federal & USAA MasterCard in Apple Pay - "Owners of the new iPhone 6, iPhone 6 Plus, iPad Air 2 and iPad mini 3 can now use their U.S. MasterCard consumer credit or debit cards from Bank of America, Capital One, Citi, Wells Fargo, Barclaycard, USAA and Navy Federal Credit Union through Apple Pay."
  • Apple Pay Now Available for U.S. Bank Customers - “We couldn’t be more pleased to see this day arrive for our customers,” said Dominic Venturo, chief innovation officer at U.S. Bank. “Providing our customers the ability to securely pay where, when and how they want is a central theme for our payments business. Enabling our customers to use Apple Pay is the perfect example of how we bring that philosophy to life.”
  • U.S. Bank FlexPerks Adds American Express-Branded Cards to Award Winning Credit Card Lineup - “Adding American Express to the family of FlexPerks Rewards credit cards is part of our FlexPerks legacy of finding new and better ways to help customers earn rewards faster with value they can recognize,” said Cliff Cook, senior vice president for U.S. Bank’s retail credit card division.
  • Elavon Delivers Apple Pay, EMV & Security Solutions - "Our investments in mobile and other innovative technologies are now paying off for our customers: when a business is trying to accommodate the consumer who wants to pay with their smart phone, and the next person in line who presents a chip-embedded EMV card, they know they can rely on us to help them make the sale with enhanced security and a great customer experience.”
  • Verifone and MasterCard Bring Card-Linked Offers to Las Vegas for Money 2020 - "Targeted offers from merchants, in this case The Hard Rock Café on the Vegas strip, the Bali Hai and Royal Links golf courses and Dream Racing at the Las Vegas Motor Speedway, are displayed to taxi passengers on VNET–Taxi TV screens integrated with Verifone payment terminals."
  • Visa Selects Bangalore as Site for New Technology Center - India is fast becoming a global technology epicenter with an incredible pool of technology talent,” said Nitin Chandel, Senior Vice President of Visa’s Developer Platform based in India.
  • TSYS Creating a More Open Technology Environment to Power Innovation - "TSYS’ strategy leverages the scale of TSYS’ mainframe and distributed systems to connect with 3rd platform technologies including mobile, cloud, big data and social technologies."
  • Ingo Money to Acquire Fuze Network, Inc. - "Fuze enables its partners to add cash to more than one billion bankcards including credit, debit and prepaid cards. For example, a consumer cashing a check at a physical location can then disburse funds directly to the cards in their wallet."
  • LoopPay Launches New Mobile Payment Product Line, Accepted At 40X More Places Than Apple Pay - "The LoopPay CardCase can be purchased today for $49.95 for the iPhone 5/5s, 6 and 6 Plus, while Android users can purchase a standalone LoopPay Card accessory that is available separately for $39.95."
  • Verifone Reinforces Mission with New Brand Voice and Identity - "The Verifone brand reflects our vision and commitment to clients, while also speaking to our continued growth and leadership as a company as we pave new paths towards the future of commerce.”
  • Ingenico Mobile Solutions Launches the First Native mPOS Tablet App with Support for All Transactions Types: Magstripe, EMV and NFC - "This new version features a completely redesigned User Interface (UI) and is the first and only native tablet application for both iOS and Android that supports all mobile payment transaction types and all acceptance methods: magstripe, NFC, EMV chip & PIN, and EMV chip & sign."
  • BofA Merrill Announces Enhancements to Global Card Capabilities for Companies and Public Sector Clients - “Improved transparency and tighter control over expenses continue to be hot topics for organizations of all sizes in every region around the world,” said Percy Batliwalla, head of Sales for GTS. “As card programs grow in efficacy and sophistication, they are becoming an increasingly powerful tool for treasury departments – providing them the granular information they need to better manage and forecast their finances.”
  • CPI Card Group Launches CPIMobile™ with Sequent - "Sequent will enable CPI to deliver to global banks and other issuers a digital issuance solution that allows them to participate in almost any mobile wallet deployment, leveraging both Secure Element (SE) and Host Card Emulation (HCE) capabilities, and to enable their own banking apps for payments."
  • CPI Launches First EMV Prepaid Cards to Canadian Market with Berkeley Payment Solutions - “The Canadian market has already successfully migrated to EMV for financial debit and credit cards, benefiting from a significant reduction in fraud,” said Steve Montross, president and CEO of CPI Card Group. “Berkeley Payment Solutions has remained at the forefront of driving continuous innovation for its customers, and now, by extending EMV for Prepaid, truly demonstrates the company’s ability to anticipate and deliver solutions to meet the needs of its customers.”

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 18, 2014

Headline News from PaymentsNews.com - September 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!

September 09, 2014

Headline News from PaymentsNews.com - September 9, 2014

On the Web:

On the Wires:

  • Apple Announces Apple Pay - “Security and privacy is at the core of Apple Pay. When you’re using Apple Pay in a store, restaurant or other merchant, cashiers will no longer see your name, credit card number or security code, helping to reduce the potential for fraud,” said Eddy Cue, Apple’s senior vice president of Internet Software and Services.
  • Apple Announces iPhone 6 & iPhone 6 Plus—The Biggest Advancements in iPhone History - "For the first time iPhone is available in two new sizes: iPhone 6 features a stunning 4.7-inch Retina® HD display with 1334 x 750 resolution, providing 38 percent more viewing area than iPhone 5s, while iPhone 6 Plus features an even bigger 5.5-inch Retina HD display with 1920 x 1080 resolution, providing 88 percent more viewing area and nearly three times the pixels than iPhone 5s."
  • MasterCard Works with Apple to Integrate Apple Pay - “We have been a pioneer of mobile commerce innovation for years – including the world’s first contactless and mobile payment solutions. We're thrilled that MasterCard cardholders will soon be able to make payments from their iPhone 6, iPhone 6 Plus and Apple Watch, knowing that every purchase is secure and offers all the same guarantees and benefits they've come to expect from using their MasterCard.”
  • Visa and Apple Opening a New Era of Payments on Mobile Devices - “Combining the trust, scale and security of Visa payments with Apple Pay will accelerate adoption of mobile payments,” said Charlie Scharf, Chief Executive Officer, Visa Inc. “We said from the beginning that token services would provide great new consumer and merchant experiences, and you’re seeing it today in our efforts with Apple, and there’s more to come.”
  • Capital One Brings Payment Innovation to Customers with Apple Pay - “Working with Apple, we’re excited to bring Apple Pay to tens of millions of Capital One customers,” said Frank LaPrade, Chief Enterprise Services Officer, Capital One Financial Corporation. “We are laser-focused on the evolution of digital products and services. Our goal is to provide our customers with payment options that help them succeed and simplify their lives.”
  • U.S. Bank Provides Customers an Easy Way to Pay with Apple Pay - “Having been a part of a group of industry leaders paving the way to more convenient and secure mobile and online payments, it’s clear that Apple Pay is a tremendous step forward,” said Pamela Joseph, vice chair and head of the payments division at U.S. Bank. “Consumers are never far from their mobile devices, so making it safer and easier to pay with those devices is great news for our customers and for the industry. Combining Apple’s history of innovation with the scale and loyalty of U.S. Bank, Apple Pay has the ability to impact and drastically accelerate the adoption of mobile payments."
  • Visa Launches Innovative Token Service - "Visa Token Service replaces sensitive payment account information found on plastic cards with a digital account number or “token”. Because “tokens” do not carry a consumer’s payment account details, such as the 16-digit account number, they can be safely stored by online merchants or on mobile devices to facilitate ecommerce and mobile payments."
  • NCR to Help Industries Integrate Apple Pay - “With Apple Pay, Apple has transformed mobile payments and will have an impact on the industry like never before. We are thrilled to be working closely with Apple to help Retail and Hospitality customers integrate this new method of payment into their operations, providing an easy, safe and secure way to pay with a single touch,” said Jimmy Fortuna, Vice President of Product Development and Chief Technology Officer, NCR Hospitality.
  • The Debut of Apple Pay Creates a Dynamic New Platform for Powerful First Data Transaction Technology - “Apple Pay has transformed mobile payments in a way that our clients will love, and will have an impact on the industry like never before,” said Frank Bisignano, First Data’s Chairman and CEO. “We’re thrilled to bring First Data solutions to support Apple Pay, along with the financial institutions, merchants developing apps and consumers to provide an easy, safe and secure way to pay with a single touch.”
  • TSYS Supports Apple Pay - “TSYS’ support of Apple Pay is a landmark opportunity for us and demonstrates our people-centered approach to payments for all parties in the payments ecosystem,” said M. Troy Woods, president and chief executive officer, TSYS. “Our number one priority is security for the banks and retailers we serve, so their customers can conduct their lives with confidence and convenience. Apple Pay will change the face of the mobile payments industry and our role in the digital marketplace.”
  • The Home Depot Provides Update on Breach Investigation - “We apologize for the frustration and anxiety this causes our customers, and I want to thank them for their patience and support as we work through this issue,” said Frank Blake, chairman and CEO.

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 15, 2014

Headline News from PaymentsNews.com - August 15, 2014

On the Web:

  • Why So Many Card Breaches? A Q&A - Krebs on Security - "For example, in my own economic analysis of the 40 million cards stolen in the Target breach, I estimate that the crooks responsible for that breach managed to sell only about 2-4 percent of the cards they stole."
  • Paper Boys - Inside the Dark, Labyrinthine, and Extremely Lucrative World of Consumer Debt Collection - New York Times Sunday Magazine
  • First Data vows lower fees in entry to Brazil payment market - Reuters - "First Data Corp plans to enter Brazil's card payment processing market through lower fees and additional services, a sign that robust demand for plastic money in Latin America's largest economy may not be enough for newcomers to gain market share."
  • On Prepaid - Finsurgency (Matt Harris) - "It is telling that the latent threat to financial institutions was always Wal‐Mart, and, in fact, prepaid partnerships with GreenDot and American Express enabled that latent threat to become very real."
  • Yahoo Dusts Off E-Commerce Service to Juice Revenue - Wall St. Journal Digits Blog - "In addition to renaming the service to Yahoo Stores, the company has added new tools for handling payments and building mobile versions of their storefronts, said Amit Kumar, head of Yahoo Small Business, in an interview."
  • For Merchants, Bitcoin Shows More Pop Than Potential - New York Times Dealbook - "There are benefits for merchants in offering Bitcoin as a payment option — lower processing fees rank high on the list — but some have questioned whether accepting virtual currency amounts to anything more than a marketing gimmick."
  • German Startup Says Its New Chip Halves Bitcoin Mining Energy - Wall St. Journal Digits Blog - "A German start-up is looking for funding to produce a new high-performance microchip that it says would make bitcoin mining much less energy intensive, and thus cheaper."

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!

July 29, 2014

Headline News from PaymentsNews.com - July 29, 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!

July 16, 2014

Headline News from PaymentsNews.com - July 16, 2014

On Twitter:



On the Web:


  • Plastiq inks $10 mln led by Khosla Ventures - Reuters PE Hub - “At Plastiq, we are laser-focused on bringing payment choice to North American cardholders by enabling them to make payments with their card in instances when they otherwise could not,” said Eliot Buchanan, CEO and co-founder of Plastiq.

  • TMG Builds Wearable #Payments App for @GoogleGlass - TMG Blog - "TMG Senior Product Manager Brian Day, in a presentation aptly named “The Future of Payments,” gave a demonstration of how this custom-built wearable payments app works."

  • Israeli Payments Startup Zooz Closes $12 Million Round - Wall St. Journal Digits - "According to Oren Levy, Zooz CEO and co-founder, the company is currently focusing on allowing enterprise clients to integrate Zooz solutions into existing billing and customer relationship software."

  • Oversight Issues in Mobile Payments - International Monetary Fund - "International experience suggests that financial authorities can develop effective oversight frameworks for new payment methods to safeguard public confidence and financial stability by establishing: (i) a clear legal regime; (ii) proportionate AML/CFT measures to prevent financial integrity risks; (iii) fund safeguarding measures such as insurance, similar guarantee schemes, or “pass through” deposit insurance; (iv) contingency plans for operational disruptions; and (v) risk controls and access criteria in payment systems."

On the Wires:


  • Visa Opens San Francisco Technology Center to Advance Innovation in Payments - "The centerpiece of One Market will be an innovation center designed to provide an immersive experience for clients and partners, where they can interact with Visa subject-matter experts, and explore new products and technologies that advance the payment experience in areas such as mobile, security and cloud-based technologies. The space has been designed to encourage dynamic interaction and real-time experimentation, and is expected to attract Bay Area technology talent who want to develop the next generation of commerce solutions by working with the industry leader in payments."

  • Visa Presents the Future of Commerce with New Innovation Center and Launch of Visa Checkout - "The move provides Visa technologists, its clients, and partners an innovative space to jointly develop the next generation of commerce applications. As a part of the grand opening of One Market today, Visa also announced the launch of Visa Checkout, a quick and easy payment service that enables consumers throughout the United States, Canada and Australia to pay for goods online, on any device, in just a few clicks."

  • Mercury StoreCard™ Now Available - "The Mercury StoreCard lets merchants brand their own reloadable card for accepting customer payments. The cardholder can use a quick-response (QR) barcode on the back of the card to access their prepaid card account on their smartphone."

  • CARDFREE and XPIENT Solutions Partner for Omni-Channel Services for Restaurants - “Traditionally, integration to restaurant commerce technology, especially, point of sale systems are quite a hurdle in mobile commerce deployments,” commented Jon Squire, founder and chief executive officer of CARDFREE, “with XPIENT and their cloud-based Commerce Engine which provides immediate and seamless access to the POS, this is as easy as it can get, allowing us to quickly deploy our full suite of services."

  • New GfK Survey Shows 60% of US Consumers Have Used a Branded Prepaid Payment Card - "According to the findings from GfK’s omnibus survey, users from different age and income groups are satisfied with their prepaid card experience. Although user segments at times cite different benefits as most important to them, “ease of use” is the overall top reason for liking prepaid cards. Nearly two-thirds of respondents in the GfK survey say that using prepaid cards is the same as or better than using a checking account or cash."

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!

June 09, 2014

Headline News from PaymentsNews.com - June 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!

June 06, 2014

Headline News from PaymentsNews.com - June 6, 2014

On the Web:

On the Wires:

  • Green Dot Supports Visa’s New Prepaid Card Designation - “Visa has chosen guidelines for their designation that align perfectly with how Green Dot has always structured our fee plans,” said Steve Streit, Green Dot’s Chairman and CEO. “We believe it's important for the prepaid card industry to provide affordable, fair products with clear and easy to understand fee disclosures. We applaud Visa's announcement and hope to see the rest of the industry adopt these guidelines."

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 03, 2014

Headline News from PaymentsNews.com - June 3, 2014

On the Web:

  • What Apple’s Fingerprint ID Changes Mean for Its Big Mobile Payments Plans - Re/code.net (Jason Del Rey) - "Still, every payment industry insider I spoke with on Monday fully expects Touch ID to eventually play a role in letting you pay for stuff outside of the App Store with your iPhone, in partner apps or even in the physical stores of partner retailers."
  • Mobile Payments Fatigue - Portals and Rails Blog - "I believe mobile devices have the ability to transform this experience, but it's not by replacing my cards or cash as a payment method. It's by replacing the entire commerce experience. Are you experiencing mobile payment fatigue? And if so, what will it take to energize you?"

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 28, 2014

Headline News from PaymentsNews.com - May 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!

May 20, 2014

Headline News from PaymentsNews.com - May 20, 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 07, 2014

Headline News from PaymentsNews.com - May 7, 2014

On the Web:

On the Wires:

  • INSIDE Secure Launches New EMV-ready MicroPass Solution for US Payment Cards - "The US EMV compliant MicroPass solution comes with six options. Three are contact only solutions and three are dual interface payment solutions (contact and contactless)."
  • Global Prepaid Executive Scott Salmon Joins i2c - Mr. Salmon comments, “i2c is redefining what's possible in prepaid, debit, credit and emerging commerce programs. The opportunities that i2c's processing technology creates for APCEMEA markets is tremendous, and I am very excited to work with the i2c team to help clients in these regions capitalize on them.”

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 30, 2014

Headline News from PaymentsNews.com - April 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!

April 21, 2014

American Express Expands Serve Distribution to Walmart

American Express announced that American Express Serve, its full service reloadable prepaid account, will be available for purchase at 4,100 Walmart stores nationwide. The Walmart stores will also become a part of Serve’s free cash reloading network - extending the network across 19,500 U.S. Walmart, CVS/pharmacy®, and participating 7-ELEVEN® locations.

By offering American Express Serve alongside Bluebird at Walmart, we’re expanding our portfolio of products to meet the needs of more Walmart shoppers,” said Dan Schulman, group president, Enterprise Growth at American Express.

“Bluebird is a great option for the “unhappily banked” who are looking for a true alternative to the fees and hidden charges often associated with debit and checking. With Serve, our full service reloadable prepaid account, we can now provide the nearly 70 million Americans who are unbanked or underbanked1 a simple and affordable way to move and manage their money.”

According to Aite Group, the addition of 4,100 Walmart stores across the U.S. to the American Express Serve and InComm free cash reload network makes it the largest network in the U.S.

Headline News from PaymentsNews.com - April 21, 2014

On the Web:

  • Mobile-Payments Startup Square Discusses Possible Sale - Wall St. Journal - "With losses widening and cash shrinking, representatives of mobile-payments startup Square Inc. have discussed a possible sale to several deeper-pocketed rivals, according to people familiar with the matter."
  • Facebook: Taking on PayPal with socially useful banking - The Independent (UK) - "As a new entrant to the financial-services marketplace, Facebook therefore has a huge advantage. It remains the go-to social network which gives it instant access to potentially millions of fed up UK bank customers."
  • The plot to kill the password - The Verge - "Since 2012, a group called the FIDO Alliance has been working on that standard, building a bridge between hardware projects like Samsung’s fingerprint reader and the online services they’re connecting to."
  • 8 Tools to Send Messages to Shoppers Based on In-Store Movements - StreetFight - "Here are eight tools that merchants can use to send offers or promotions based on their customers’ real-time indoor movements."
  • Using Bitcoin to Build a Better Common Law - The Umlaut - "The basic idea is to use multiple addresses per private key in order to make it harder to hijack your bitcoins."

On the Wires:

  • NetSpend, Western Union to Introduce Co-Branded Prepaid Card in the U.S. - “Combining the strengths of Western Union’s global brand and expertise in moving money with NetSpend’s deep prepaid knowledge and unique product capabilities, creates an incredible opportunity for us to better serve an underserved market,” said Dan Henry, chief executive officer of NetSpend.

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 03, 2014

Headline News from PaymentsNews.com - April 3, 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!

March 18, 2014

Headline News from PaymentsNews.com - March 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!

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