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Venmo

Welcome to the News View for "Venmo".

Here, on these archive pages, you'll find all of the articles on Payments News for Venmo 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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June 17, 2016

Headline News from PaymentsNews.com - June 17, 2016

Headline News is brought to you by RS Software. To learn more about why RS Software is the choice for leading payments companies around the world, click here!

ON THE WEB

ON THE WIRES

  • Wells Fargo Payment Manager® Helps Businesses Digitize Payments"Payment Manager B2P, which is expected to roll out in early 2017, enables businesses to pay any consumer who has a U.S. bank account without collecting or storing sensitive bank account information. The service only requires the customers’ email address or mobile phone number and any accompanying remittance details to conduct a transaction."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming this fall - in Palo Alto, CA and New York City - we hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

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 06, 2016

Headline News from PaymentsNews.com - May 6, 2016

ON THE WEB

ON THE WIRES

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming up in May - both in Palo Alto, CA - we hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

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 29, 2016

Headline News from PaymentsNews.com - April 29, 2016

ON THE WEB

ON THE WIRES

  • Carrier Billing Comes to Spotify in New European Markets - “Our partnerships with carriers connecting to Spotify in the UK have been a phenomenal success both in terms of revenue and new subscriber acquisition. So much so that, in the UK, the default payment method for new Spotify users has changed from credit card to carrier billing,” said Jon Prideaux, CEO of Boku.
  • Cardlytics Powers Purchase-Based Targeting with New Syndicated Audiences - "Cardlytics Audiences draw on purchase insights from more than $1.5T in actual consumer spend. This purchase history includes transactions across credit, debit, ACH and bill pay – breadth that is unmatched in the industry."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming up in May - both in Palo Alto, CA - we hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

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 28, 2016

Headline News from PaymentsNews.com - April 28, 2016

ON THE WEB

ON THE WIRES

  • MasterCard Incorporated Reports First-Quarter 2016 Financial Results - “The year is off to a good start with solid growth in revenue due to strong volume and transaction levels this quarter,” said Ajay Banga, president and CEO, MasterCard. “We continue to deliver against our strategy, looking to our investments and acquisitions to create a better cardholder experience, supported by a relentless commitment to security."
  • M/Chip Fast from MasterCard Speeds EMV Transactions and Shoppers Through Checkout - "As with standard EMV, M/Chip Fast provides counterfeit fraud protection by creating a unique code for each transaction. Once the code is generated, the card can be removed from the reader with the goal of both decreasing the processing time of the transaction and reducing the cardholder perception of a longer wait at checkout."
  • Start-ups Invited to Dive Into the Visa Developer Sandbox as Part of Second Annual Everywhere Initiative - “With payment and marketing innovation happening at break-neck speed, Visa is once again asking the start-up community for their best ideas to help move the industry forward,” said Shiv Singh, senior vice president, digital and marketing transformation at Visa. “With Visa’s rich set of APIs and SDKs, we are especially excited to see how our open platform can help fuel additional payment innovation with this year’s challenges.”
  • Visa Opens its First Innovation Center in Asia - “The pace of technological innovation across Asia Pacific is unprecedented and creating enormous opportunity for any company that touches the growing payment ecosystem,” said Chris Clark, group executive, Asia Pacific, Visa Inc. “With the doors of Visa’s Singapore innovation center now officially open, we look forward to working alongside clients and partners to imagine and build the creative and leading-edge mobile and digital experiences Asia Pacific is known to deliver to the rest of the world.”
  • Perk.com Inc. Adds Perk Points as Payment Method on the SuperRewards Platform - Ted Hastings, Chief Executive Officer of Perk.com, says, “In the payments industry, one of the most important developments of the 21st century is that people are able to make purchases with their time and attention rather than with physical money."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming up in May - both in Palo Alto, CA - we hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

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 05, 2016

Headline News from PaymentsNews.com - April 5, 2016

ON THE WEB

ON THE WIRES

  • State of Delaware Unveils Blockchain Initiative to Leverage Potential of Smart Contracts - "Delaware has long been the jurisdiction of choice for the most innovative companies in the world," said Governor Markell. "The Delaware Blockchain Initiative demonstrates the state's commitment to ensuring this remains the case for the growing blockchain technology sector. By creating the opportunity for a broad range of corporations – from Fortune 500 companies to startups – to take advantage of distributed ledger and smart contract applications, we are laying the groundwork for a more modern, secure and transparent business environment for years to come."
  • Microsoft and R3 Partnership to Accelerate Adoption of Distributed Ledger Technologies by Global Banks - “With intelligent, cloud-based technology, R3 and member banks will experiment and learn faster, accelerating distributed ledger technology deployment,” said Peggy Johnson, executive vice president of global business development at Microsoft. “What’s more, our collaboration brings to light tremendous opportunities to rethink business processes and transform entire industries.”
  • Sage Payment Center Extends the Benefits of Embedding Payments Management Into an Accounting System - "This latest version of Sage Payment Center extends the benefits of embedding payments within an accounting system to help small and medium businesses get paid faster, simplify their business operations, and ultimately make smarter decisions," said Paul Bridgewater, CEO of Sage Payment Solutions. "With Sage Payment Center, businesses can choose how they want to process a payment, easily spot accounts receivable trends, make payment acceptance part of their existing workflow, easily make automatic deposits, and much more."
  • MasterCard Announces President, U.S. Issuers - "MasterCard today announced the appointment of Raj Seshadri as president, U.S. Issuers. In this new role, she will be responsible for managing and expanding the company’s partnerships with banks and credit unions across the U.S. market."
  • New TNS Message Translation Solution to Streamline Payments Industry - "TNSConnect2All provides a single messaging specification that can be readily adapted to the unique interfaces of multiple payment processors. This gives merchants, ISOs and terminal providers greater flexibility, enabling connections with multiple acquirers and processors through one connection to TNS..."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming up in early April - both in New York City - we hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

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 11, 2016

Headline News from PaymentsNews.com - March 11, 2016

ON THE WEB

  • Capital One Launches First True Open Banking Platform in U.S. - ProgrammableWeb - "Demonstrating their desire for street cred and aiming to appeal to developers directly, the announcement was made at SXSW in Austin, Texas yesterday."
  • Should Venmo buy a bank? - Quartz - "For PayPal—which declined to comment—or its Venmo subsidiary, a bank would bring the ability to offer a wider range of financial products to customers."
  • A typo costs bank hackers nearly $1B - ArsTechnica - "Bank officials stated that transactions totaling $850 million to $870 million were canceled. The $81 million that was successfully transferred has not been recovered, and the perpetrators are currently unknown."

ON THE WIRES

  • Visa Checkout Introduces New Interactive Button for Faster Mobile Commerce - “Visa Checkout’s new interactive button is yet another way we are designing the future of online checkout and delivering on our promise to bring the simplicity of the swipe to any device,” said Sam Shrauger, senior vice president of Visa’s digital solutions. “This new experience brings digital payments one step closer to the ease, trust and familiarity that consumers have long valued from Visa in the physical world.”

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming up in early April - both in New York City - we hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

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 29, 2016

Headline News from PaymentsNews.com - February 29, 2016

ON THE WEB

  • Square Unlocks Cash Drawer for Square Cash - "Beginning today, Square Cash customers have the option to store money within the app with the new Cash Drawer feature. Cash Drawer gives anyone the ability to stash cash they receive directly in the app or add their own from their bank account, making it easier to set aside funds for future costs like dinners out with friends, or upcoming payments like your monthly rent."
  • Overdraft Practices Continue to Gut Bank Accounts and Haunt Customers - New York Times - "In a push for transparency since the 2008 financial crisis, regulators require banks to clearly disclose and explain the terms of just about every financial product, including credit cards and mortgages. But overdraft practices still come with hidden costs and confusing terms..."
  • The future of Apple Pay: From payments to platform - iMore - "Apple Pay will eventually be more than just a way to quickly make payments in-store and in-app. But how it evolves depends on the scope of Apple's ambitions."
  • Amid Confusion, Venmo Back Pedals Total Shutdown of its API - ProgrammableWeb - "Venmo has apologized for the confusion it created, but it did admit that it will be reevaluating its API."
  • New Payments Tech Is Oiling Wheels of Trade - Raconteur - "Distributed ledger technology offers financial organisations the potential to address challenges around efficiency, trust, transparency and innovation by connecting multiple systems and organisations."
  • MasterCard to use the power of selfies to protect your online shopping - The Age (Australia) - "Using a new system called MasterCard Identity Check - or, colloquially, "selfie pay" - the credit card company will use biometric methods like face recognition and fingerprint scans to better secure online shopping."

ON THE WIRES

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming up in early April - both in New York City - we hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

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 26, 2016

Headline News from PaymentsNews.com - February 26, 2016

ON THE WEB

  • Venmo Kills Off Developer API With Zero Warning - TechCrunch - "After six years of providing an API for developers to build experiences atop its money transfer system, this month Venmo suddenly shut down the API. "
  • Travel in London for Free With Apple Pay - PC Magazine - "As part of a promotion from MasterCard and Apple, each Monday beginning on Feb. 29, from 4:30 a.m. until 1 a.m. the next morning, MasterCard-linked Apple Pay users will have their purchases on buses, trams, the Underground, and most other rail services refunded up to 28.10 pounds ($39)."
  • How Mobile Payments Reshape Lifestyles - Wall St. Journal - "Piao Jianfeng says he seldom carries his wallet and hasn’t used an ATM to withdraw cash for two years. Instead, his phone is his wallet, and he uses it to pay for almost all of his everyday needs in Beijing, from taxis to utilities and grocery bills."
  • Intel is Testing a Blockchain it Built With a Fantasy Sports Game - CoinDesk - "The proof of concept works by enabling the exchange of digitized assets that represent shares of different sports teams."

ON THE WIRES

  • UK Payment Systems Regulator: "Banks should sell their stake in UK payments infrastructure to help increase innovation and competition - "The evidence published today indicates that the common ownership of this infrastructure provider by this small number of banks is having a negative impact on innovation and competition in the industry. As a result, the PSR is proposing that these banks sell part of their stakes in VocaLink in order to open the market and allow for more effective competition and innovation."
  • Wirex: A Hybrid Financial Platform That Uses Blockchain Technology - "Wirex is the first service of its kind to provide bankless financial services, and it is designed to close the gap between digital and traditional currencies for everyday financial transactions. Evolving to fill the needs of the global citizen, Wirex will offer 3 main services: convenient mobile banking via the Wirex app, instant remittance services, and upgraded 2-way debit cards that allow on-demand conversion between bitcoin and traditional currencies."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming up in early April - both in New York City - we hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

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, 2016

Headline News from PaymentsNews.com - January 27, 2016

ON THE WEB

  • Now, pay in your favorite apps with Venmo - Venmo Blog - "When selecting a payment method within a merchant’s app (iOS-only to start), simply tap the Venmo button. Your Venmo account will be instantly connected to the app and you will be all set to pay -- without the hassle of re-entering your payment information."
  • New Boston Fed Research: Consumer Revolving Credit and Debt Over the Life Cycle and Business Cycle - Federal Reserve Bank of Boston - "This paper uses data from the Federal Reserve Bank of New York Consumer Credit Panel (CCP), which contains a 5 percent sample of every credit account in the United States from 1999 to 2014 from the credit reporting agency Equifax. It examines how changing credit availability, debt, and utilization over the business cycle and the life cycle and across individuals relate to U.S. consumers' patterns of incurring, carrying, and paying off their debts."
  • Wendy’s Probes Reports of Credit Card Breach - Krebs on Security - "Wendy’s, the nationwide chain of fast-food restaurants, says it is investigating claims of a possible credit card breach at some locations."
  • Chase to Roll Out Cardless ATMs - NBC 5 Chicago - "The new cash machines will allow customers to withdraw money by logging into their accounts through an app instead of using their ATM or debit cards."
  • Visa Europe Revenue Rises to Record Ahead of Sale to Parent - Bloomberg - “Financially, this was our most successful year ever -– and by quite some distance,” Nicolas Huss, chief executive officer of London-based Visa Europe, said Tuesday in a statement.
  • Vinny Lingham Leaves Gyft, Raises $2.75 Million for Identity Startup - CoinDesk - "The premise of the app, according to Lingham, is that customers will provide Civic with their Social Security number for safe storage in exchange for greater monitoring capabilities."

ON THE WIRES

  • PayPal Reports Strong Fourth Quarter and Full Year 2015 Results - “We exited 2015 with great momentum,” said Dan Schulman, President and CEO of PayPal. “Our strong results reflect PayPal’s progress in delivering on our strategy to drive the digital payments revolution. In the face of a slow global economy and foreign exchange headwinds, PayPal exceeded its full year revenue, earnings, and free cash flow commitments to shareholders. As money becomes digital and the world goes mobile, we see tremendous opportunity ahead to expand our leadership, transform the way people move and manage their money and deliver increased value to shareholders.”
  • Discover Financial Services Reports Fourth Quarter Net Income of $500 Million or $1.14 Per Diluted Share - "We once again delivered a solid return on equity in the fourth quarter. While we achieved record annual originations in both Student Loans and Personal Loans, card loan growth was at the low end of our target range, slower than we'd like," said David Nelms, chairman and CEO of Discover. "We are taking steps to accelerate card loan growth in 2016 while staying disciplined on credit and continuing to execute on our Payments strategy."
  • Visa Europe announces record revenues - "Visa Europe has today announced its highest ever revenues of €2.31 billion – up 25% year-on year (year to June 2015). Costs have been held flat for a fourth successive year and the organisation has returned a record €739 million to its member-shareholders in the form of rebates and joint-investment initiatives."

EVENTS

  • Payments in Portland (OR) - Join us Thursday, January 28th from 5:30-7:30 PM to hang out with your colleagues and competitors to discuss all things payments! We'll have appetizers, Oregon beer and wine. For the first time, Payments in Portland is including a short topical briefing - this month on "B2B Payments - Promise and Problems." If you have a Portland payments presence and something to say on B2B payments, let us know! RSVP HERE!
  • Real Time Payments in the US: Implications for the Payment Industry - Atlanta, GA - February 10, 2016. Glenbrook's Elizabeth McQuerry will be moderating this discussion on what "faster payments" really means, how it's been implemented in other countries, and how it may shape banking and how we pay.

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 26, 2016

Headline News from PaymentsNews.com - January 26, 2016

ON THE WEB

ON THE WIRES

EVENTS

  • Payments in Portland (OR) - Join us Thursday, January 28th from 5:30-7:30 PM to hang out with your colleagues and competitors to discuss all things payments! We'll have appetizers, Oregon beer and wine. For the first time, Payments in Portland is including a short topical briefing - this month on "B2B Payments - Promise and Problems." If you have a Portland payments presence and something to say on B2B payments, let us know! RSVP HERE!
  • Real Time Payments in the US: Implications for the Payment Industry - Atlanta, GA - February 10, 2016. Glenbrook's Elizabeth McQuerry will be moderating this discussion on what "faster payments" really means, how it's been implemented in other countries, and how it may shape banking and how we pay.

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 19, 2016

Headline News from PaymentsNews.com - January 19, 2016

ON THE WEB

  • The Really Big Questions in Payments - PaymentsViews.com (Carol Coye Benson) - "Glenbrook’s Allen Weinberg wrote a few weeks ago about his view of the Grand Challenges in payments…. a daunting list, and one I agree with. But I want to extend his discussion on one of his challenges: “Realigned value chain economics in a push payment world”, and add two more: “What is the proper role for government in the issuance of money?” and “Who owns the payment address?”"
  • As More Pay by Smartphone, Banks Scramble to Keep Up - New York Times - "If the banks fail to meet the challenge, Brian Moynihan, the chief executive of Bank of America, warned in November, “it may allow part of our industry to be forever taken away from us.”"
  • Cash still king for many consumers - Chain Store Age - "While more than half (57%) of Millennials reported using a greater variety of payment methods than before, nearly half (45%) of that group also said that they’re more likely to pay more with cash now than they did a few years ago."
  • Keep Calm and Bitcoin On - Medium (Valery Vavilov) - “Visa and PayPal already exist, and within national borders they do what they do quite well. It’s silly to try to turn Bitcoin into yet another Visa and PayPal.”
  • Intel Launches Skylake vPro with Intel Authenticate - AnandTech - "Intel is launching Intel Authenticate today, and it will require a 6th generation Intel Core processor with vPro. Authenticate will combine several factors of authentication into a single login, which, in theory, should be easier for the end user as well."

ON THE WIRES

  • Sam’s Club to Accept Visa Credit Cards - “Sam’s Club is the eighth largest retailer in the U.S. and we are thrilled to open up Visa credit acceptance in their more than 650 clubs across the U.S. and Puerto Rico,” said Ramón Martín, senior vice president, merchant solutions, Visa Inc.
  • American Express OPEN Launches No Annual Fee SimplyCash® Plus Business Credit Card - "American Express OPEN today announced the launch of the no annual feei SimplyCash® Plus Business Credit Card, which for the first time offers small businesses greater buying power traditionally found on a charge cardii, while also providing more opportunities to earn cash back from a larger list of business expense categories."
  • More than 100 FIDO Certified Products Fuel Global Adoption of FIDO Strong Authentication - “This explosion of FIDO Certified products and adoption numbers confirm industry-wide endorsement of FIDO as the new strong authentication technology standard,” said Brett McDowell, executive director of the FIDO Alliance. “This increasing availability of FIDO Certified solutions creates an unprecedented opportunity for organizations to implement simple, usable and strong authentication and better protect customers, employees and data from the risks of data breaches, hacking and identity theft.”
  • BitGo Eliminates Bitcoin Transaction Delays With Launch of BitGo Instant - "BitGo Inc. is today announcing the launch of BitGo Instant, the world’s first way to safely receive zero-confirm Bitcoin transactions with a full financial guarantee."

EVENTS

  • Payments in Portland (OR) - Join us Thursday, January 28th from 5:30-7:30 PM to hang out with your colleagues and competitors to discuss all things payments! We'll have appetizers, Oregon beer and wine. For the first time, Payments in Portland is including a short topical briefing - this month on "B2B Payments - Promise and Problems." If you have a Portland payments presence and something to say on B2B payments, let us know! RSVP HERE!
  • Real Time Payments in the US: Implications for the Payment Industry - Atlanta, GA - February 10, 2016. Glenbrook's Elizabeth McQuerry will be moderating this discussion on what "faster payments" really means, how it's been implemented in other countries, and how it may shape banking and how we pay.

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, 2015

Headline News from PaymentsNews.com - November 27, 2015

On the Web

On the Wires

  • The EPC Submitted to the ERPB its Proposal for the Design of an Instant Credit Transfer Scheme - "The European Payments Council (EPC) proposal for the design of a Single Euro Payments Area (SEPA) instant credit transfer (SCT Inst) scheme was submitted on that day to the Euro Retail Payments Board (ERPB), and approved."
  • New GSMA Study Highlights Role of Mobile in Delivering a Digital India - “India is a unique mobile market and one where the mobile ecosystem is playing a hugely influential role in transforming the lives of its citizens, and driving economic growth,” said Alex Sinclair, Acting Director General and Chief Technology Officer at the GSMA. “The market is now rapidly migrating to mobile broadband technology, which is providing a platform for India to transform into a digitally empowered society and connect many millions of unconnected citizens to the internet over the coming years.”
  • Five Ways to Keep the Grinch Out of Your Cybershopping: Tips from U.S. Bank Security Coach Jason Witty - US Bank - “It’s important to remember the critical role consumers play when it comes to protecting their personal information and data; they can’t rely on businesses and retailers alone,” said Jason Witty, Chief Information Security Officer at U.S. Bank. “Holiday shopping is fun, but it’s important to always remember the risks involved and take proper precautions.”

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!

October 22, 2015

Headline News from PaymentsNews.com - October 22, 2015

On the Web

On the Wires

  • Introducing Verifone Engage, the Future of Connected Payment Devices - "Verifone Engage is the company’s first-ever, fully-integrated, Linux-based product family, encompassing a complete range of payment solutions for merchants, acquirers, and service providers. It is the result of a new strategy at Verifone to bring unique value to the POS and the consumer experience with intuitive, connected and commerce-enabled solutions."
  • Poynt Announces $28 Million in Funding As It Prepares to Ship the World's First Smart Terminal - “Poynt is one of those rare companies that is aligned with the interests and needs of all parties in its ecosystem; it solves multiple merchant, bank, developer, and consumer problems with stellar technology and design, and it benefits from impeccable timing. What Poynt has been able to accomplish, building both hardware and software in the notoriously challenging payments space, is simply incredible.”

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!

August 19, 2015

Headline News from PaymentsNews.com - August 19, 2015

On the Web:

On the Wires:

  • New American Express Serve® Prepaid Debit Account Earns Rewards - "American Express announced Serve Cash Back, a new prepaid debit Account option that will earn Accountholders 1% cash back on purchases. Consumers who spend in line with the 2012 – 2013 U.S. Department of Labor national averages for gas, groceries, dining out, clothing, transportation and entertainment using the Serve Cash Back Card could potentially earn more than $400 annually when earning 1% cash back."
  • In-store Shopping Experience a Major Factor in Major Purchase Decisions, Synchrony Financial Study Finds - "Results show that shoppers enjoy the immediacy and interaction of in-store purchases. Shopping in-store allows them to take the product home on the same day, see and feel the product, and interact with a store associate. Some respondents noted they simply like to shop at the retailer."

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 10, 2015

Headline News from PaymentsNews.com - March 10, 2015

On the Web:

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

On the Wires:

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

Glenbrook's 2015 Payments Education Schedule Now Available!

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

February 06, 2015

Headline News from PaymentsNews.com - February 6, 2015

On the Web:

  • Post Paytm stake buy, Ant Financial has no plan to invest in other Indian cos - FirstPost Business - "This deal is being seen as Alibaba's entry into India, with One97's Vijay Shekhar Sharma telling us earlier that Jack Ma was completely involved in discussions leading up to this transaction."
  • Palantir Buys Fancy That To Add Retail, Shopping Data To Its Analytics Platform - TechCrunch - "Among its features, Fancy That optimizes store operations, including clearing inventories, managing discounts, and understanding customers’ retail habits."
  • Feature Friday: Digital Money Accounting - A VC (Fred Wilson) - "I want Mint.com for digital money services, starting with the Venmo and Coinbase mobile apps. That would be super helpful for me and, I suspect, for everyone using these digital money services."
  • The Race to Replace Bitcoin - Observer - "There’s an epic battle for the future of money, and the outcome is murky. It might have several winners. It might have no winners. But one thing is crystal clear: The most exciting battle in this long war is taking place in San Francisco, and the town isn’t big enough for both Ripple Labs and Stellar, two of the contenders hoping to replace not just Bitcoin but the almighty dollar."
  • Bitcoin continues to evolve into a worse version of the current system - FT Alphaville - "The delay, we are told, came about because the low price of bitcoin caused a breakdown in the so-called “block creation” process, which underpins how the technology clears transactions without the need of a trusted third party such as a bank."
  • The first country to roll out its own digital cash - CNBC - "In 2000, Ecuador moved to ditch its stumbling currency for the U.S. dollar. Now more than 15 years later, the South American country is revamping its monetary system again—using digital currencies."
  • Lessons from an erroneous fraud alert - CreditCards.com - "Before my face got too red, I quickly pulled out another credit card, alas with no rewards, and paid for our food."

On the Wires:

  • UK Consumers turn to contactless as usage surges - "Contactless has now firmly stepped into the mainstream. With usage soaring every month last year, we’ve seen people flocking to contactless payments as they switch away from cash. For retailers, contactless means quicker queues at the tills and greater convenience for their customers.”
  • Intuit Working With State Governments to Solve Emerging Tax Fraud Problem - "During this tax season, Intuit and some states have seen an increase in suspicious filings and attempts by criminals to use stolen identity information to file fraudulent state tax returns and claim tax refunds."

Glenbrook's 2015 Payments Education Schedule Now Available!

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

November 17, 2014

Headline News from PaymentsNews.com - November 17, 2014

On the Web:

On the Wires:

  • Apple Adds UnionPay Payment Option for App Store Customers in China - “The ability to buy apps and make purchases using UnionPay cards has been one of the most requested features from our customers in China,” said Eddy Cue, Apple’s senior vice president of Internet Software and Services. “China is already our second largest market for app downloads, and now we’re providing users with an incredibly convenient way to purchase their favorite apps with just one-tap.”
  • Blockstream closes $21M seed round - "I’m excited to announce today Blockstream closed a $21 million seed round. Our nearly 40 investors include many well-known pioneers of the Internet and financial services sectors."
  • Scripps Networks Interactive and Hearst Magazines Create Original Cross-Platform Content Partnership to Support the Launch of the Citi® Double Cash Card - "Citi, Scripps Networks Interactive and Hearst Magazines today announced a cross-platform marketing relationship that presents seasonal cooking, entertaining and gifting ideas across Food Network and HGTV digital and magazine properties to support the launch of the Citi Double Cash Card."
  • MoneyPass Network Partners with MasterCard on U.S. Common Debit AID Solution - “Our collaboration with MasterCard will enable the MoneyPass Network to process chip-based ATM transactions on MasterCard Debit cards,” said Troy Cullen, President of Elan Financial Services. “We are confident the agreement we have reached with MasterCard will further expand EMV adoption goals within the United States."
  • Dollar General Now Accepting American Express - “We strive to provide our customers with a simple and hassle-free shopping experience,” said Todd Vasos, Dollar General’s chief operating officer. “The acceptance of the American Express card makes shopping even easier by offering additional flexibility in customers’ payment choices and is consistent with many of our new initiatives, including DG Digital Coupons, which are all aimed at making it easy to save time and save money at Dollar General.”

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 21, 2014

Headline News from PaymentsNews.com - August 21, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

August 19, 2014

Braintree and PayPal Bring Developers One Touch Mobile Payments

Braintree logo 140pxIn a blog post this morning, Braintree's Bill Ready introduced a new way to pay on mobile devices - called One Touch (available in beta). Ready writes:
With just a few lines of code, app developers will now be able to accept payments from millions of PayPal users… in one touch. Typing in and remembering userIDs, passwords and card numbers will quickly become a thing of the past as one touch payments will be the magical experience that customers expect, turning shoppers into buyers and app downloads into active users.
Writing on ReadWrite, Owen Thomas notes that One Touch is "a service that lets any Braintree-powered app tap into credit cards a user has already stored with another app in the Braintree family" - including the PayPal mobile app. One Touch builds upon Braintree's earlier Venmo Touch service - which it acquired in 2012.

May 14, 2014

Headline News from PaymentsNews.com - 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: gotnews@paymentsnews.com!

January 02, 2014

Headline News from PaymentsNews.com - January 2, 2014

Next Glenbrook Payments Boot Camps: Feb 4-5 in Palo Alto, CA; March 18-19 in New York City. Alternatively, you can request a private Payments Workshop held on-site at your location.

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!

December 19, 2013

Headline News from PaymentsNews.com - December 19, 2013

Webinar: Managing Cardholder Data Security Risks in an Evolving Payments Landscape - Be sure to join Glenbrook's Bryan Derman, BakerHoestetler's Craig Hoffman and Mandiant's Marshall Heilman for this webinar on January 15 from 2-3:30 PM Eastern time. Registration is now open.

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

October 14, 2013

Headline News from PaymentsNews.com - October 13, 2013

On Twitter:

On the web:

  • Venmo's Social, Increasingly Hilarious Payments Community - Fast Company - "The shared payment notes give insight into what your friends are up to; they're also often amusing to read."
  • Xerox Glitch Halts Food-Stamp Use - Wall St. Journal - "Shoppers in 17 states were unable to use food stamps and other government aid through debit-style electronic benefits cards for more than 10 hours on Saturday..."
  • Why did we create Wisely? - Wisely Blog - "At Wisely, we’re building the most credible search engine for the physical world, powered by payment data. Why is it the most credible? Because, Wisely brings transparency to how people spend money."
  • Mobile Payments - Two Major Systems Set To Go In The US - Forbes - "Merchants want a system that is secure, won’t steal their data, provides a good marketing platform and the lowest possible cost for transaction. Consumers want something that is secure and simple to use."
  • Not Ready to Adopt Mobile Payments? You're Not Alone - BusinessNewsDaily - "The technology to accept payments via mobile devices is ripe and ready, but a recent industry study shows that it will take at least two more years for mobile payments to truly become mainstream."
  • The Rise of PayPal as a Major Payments Player - Bank Marketing Strategy - "While some of the 'innovation' at PayPal may not seem new or disruptive (such as the use of QR codes), the ability to quickly build scale by using the existing payments infrastructure may be the key to PayPal's success."
  • Small Business Success with PayPal: ChinaTour.Net - PayPal Forward Blog - "...PayPal has helped the ChinaTour.Net online air ticket business avoid an 85% risk of malicious fraud..."
  • Stuck in a Dispute Between PayPal and Itself - New York Times (David Segal) - "If PayPal isn’t the most reviled online company in the country, which is?"
  • Mint Wireless to launch local version of US payments start-up Square - Financial Review (Australia) - "But where Square has built its own user base by selling direct to businesses, Mr Teoh told The Australian Financial Review that Australia’s heavy regulations and existing market structure required them to work through the banks and telcos."
  • Divide and Conquer: Commerce Battlefield - FinVentures (Tom Noyes) - "Banks are NOT the center of commerce, just as my ISP or MNO is not the reason I shop at Amazon."
  • Unbreakable encryption comes to the U.S. - CNNMoney - "As revelations about the depth and breadth of the NSA's digital eavesdropping program continue to come to light, Ohio-based Battelle Memorial Institute is rolling out a new kind of network encryption designed to be virtually un-hackable -- not only now, but in the future."
  • Leading Economist Predicts a Bitcoin Backlash - Mashable - "Simon Johnson, a professor of entrepreneurship at MIT’s Sloan School of Management, expects Bitcoin to face political pressure and aggressive lobbying from big banks because of its disruptive nature."
  • Privacy and fraud dominate discussion at LA bitcoin event - CoinDesk - "All in all, the event signified the fact that bitcoin is growing and that LA area technology enthusiasts are ready to do business with BTC."

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: gotnews@paymentsnews.com!

July 11, 2013

Braintree Offers Venmo Touch to Card Issuers, Mobile Banking Providers

Braintree logo 140pxBraintree has announced it will offer its Venmo Touch mobile checkout experience to card issuers and mobile banking providers. Braintree also announced that it is collaborating with Simple to give Simple's customers access to Venmo Touch. Braintree says this is its first collaboration to offer direct banking integration for Venmo Touch.

"Consumers are quickly moving to mobile as their primary computing device and they expect easy, mobile-optimized purchasing experiences," said Braintree CEO Bill Ready.

"Simple is defining what the future of banking will be in a mobile world. With Venmo Touch, Simple is ensuring that their customers will have access to the absolute easiest way to pay on mobile devices."

Braintree says it currently enables single-click purchasing for more than 40 million consumers across thousands of e-commerce sites and applications. The company handles more than $10 billion in payments annually, with more than $2 billion of that originating from mobile purchasing.

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