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Visa Europe

Welcome to the News View for "Visa Europe".

Here, on these archive pages, you'll find all of the articles on Payments News for Visa Europe 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 25, 2015

Headline News from PaymentsNews.com - June 25, 2015

On the Web:

  • The sale of Visa Europe: a potential setback for merchants in the fight against fees - Treasury Insider - "The news that Visa Inc. is in discussions to purchase its former subsidiary Visa Europe in a possible US$20 billion deal certainly falls into this category – and should be a major concern for European merchants."
  • Suspect in $55 Million A.T.M. Scheme Is Extradited to U.S. - New York Times - "Prosecutors said that hackers including Mr. Findikoglu wormed their way into the computer systems of financial institutions that process prepaid debit cards. Next, they said, the hackers significantly raised the withdrawal limits normally set for the cards, which are often used to pay employees or aid disaster victims."
  • Go New Places with PayPal and Uber - PayPal Forward Blog - "PayPal is now available as a payment option to Uber riders in Canada, Greece, Hong Kong, Israel, Mexico, New Zealand, Singapore, Switzerland and Sweden."
  • HDFC’s PayZapp, India’s First Apple Pay Feature, Enters Mobile Payments - MF Monitor - "Being introduced by the largest private bank, PayZapp, on the back of ApplePay, may emerge as a game changer, as it eliminates the various intervening steps required to pass a mobile transaction, following RBI norms of two-factor authentication."
  • Before paying with bitcoins… - Federal Trade Commission Consumer Information Blog - "In fact, the FTC has received hundreds of complaints involving bitcoins and other virtual currencies. The two most common problems? Online merchants who don’t deliver the product on time — or at all — and merchants who give refunds in store credit, rather than currency."

On the Wires:

  • Organization Announcement: American Express - "With that in mind, today I am announcing the realignment of several businesses and reporting lines in a way that leverages the strengths of our executive team to help us build momentum and capitalize on the growth opportunities we have across the company."
  • FICO Sees 25 Percent Jump in Cross-Border Fraud on UK Debit Cards in 2014 - "Criminals are now opting for card-not-present and cross-border fraud," said Martin Warwick, FICO's fraud chief in Europe, the Middle East and Africa. "The alarming rise in cross-border fraud demands new technology, such as proximity location services that can identify whether the customer's mobile is in the same place where the transaction is occurring. The UK reduced cross-border card fraud from £230 million in 2008 down to £80 million in 2011. But cross-border fraud has nearly doubled since then, and it's time to get it back under control."
  • The Nilson Report: U.S. Household and Credit Card Debt 2014 - "Total household debt in the U.S. was $13.512 trillion at the end of 2014 and credit cards accounted for 6.52% or $881.57 billion, according to the annual report on credit card debt in the U.S. published by The Nilson Report, the top trade newsletter covering the card and mobile payment industries."
  • Auth0 Raises Series A Led By Bessemer to Take the Pain Out of Identity Security - “It’s now painfully obvious that insecure or incomplete authentication implementations are creating vulnerabilities, jeopardizing customer trust, and hindering enterprise adoption of cloud and mobile services,” observed VeriSign co-founder David Cowan, a partner at BVP. “So Bessemer is thrilled to partner with the best identity team in the world to deliver secure login as a service — as easy to use as Twilio, SendGrid and Stripe.”
  • Seamless Distribution AB: SEQR now live in the UK - “Launching SEQR in the US and the UK has been a top priority for us at Seamless. By offering a smart, adaptable mobile payment service, we’ve been able to attract some of the biggest operators in the market. Now that we’re starting to work with merchants and consumers, we’re creating the right conditions to be able to establish ourselves as the biggest mobile payments provider in the UK as well, a market with around 60 million potential customers,” says Peter Fredell, CEO of Seamless.

Glenbrook's 2015 Payments Education

Updates from Glenbrook:

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

June 09, 2015

Headline News from PaymentsNews.com - June 9, 2015

On the Web:

  • PayPal’s Dan Schulman aims at millennials' wallets - Fortune - "When PayPal spins off from eBay this summer, its new CEO will be in the thick of the battle to dominate online payments."
  • Apple Pay transactions will be capped at £20, banks admit - BBC - "But banks have told the BBC payments will be capped at £20, similar to existing contactless payments. The limit on contactless debit and credit cards is due to rise to £30 in September."
  • Square Unveils Mobile Wallet-Friendly Credit Card Reader - New York Times - "The new reader, which Square said will be widely available this fall, operates wirelessly for merchants who want to accept contact-less mobile payments. It also accepts so-called EMV enabled credit cards, a technology that includes a chip built into credit cards for added security."
  • Facebook Is Handing Out Free Beacons to Retailers - Re/code.net - "The idea is that beacons — small devices that can send a signal to a person’s smartphone when they get within a certain proximity — can be used to push information and deals to people while they’re in a prime position to make a purchase."
  • Money Isn’t Free, but Moving It Is Now Cheaper - Wall St. Journal - "We are at that transition point in which most of us own checkbooks and wallets as well as smartphones. Now imagine a time when all we have is our mobile device, or a pin-and-chip card and our thumbprint, and every time we want to support our friends, a local business or even foreign revolutionaries, all it costs us is a moment’s consideration."
  • Your bank account: The next thing to go obsolete - CNN Money - "Not only is banking not for everyone, accounts are inaccessible to about half of the world. People are too poor, live too far from a bank or don't have the required documentation. Abra, a new startup, makes banking more accessible while completely cutting out the actual bank."
  • Banking 2025: The Bank of the Future - "Once the number of new users reaches a critical mass, the process of reorganisation is no longer linear and continuous, but advances in bursts and exponentially. This means that, at a certain point in time, the process of system change gains so much momentum that it can hardly be controlled. In view of the inefficiency of the existing banking system as well as the economic superiority of web-based alternatives, it seems that it is only a matter of time before a system change takes place in the banking business."

On the Wires:

  • Visa Amends Rules to Help Airline Industry Reduce Card-Not-Present Fraud - "Visa Inc. announced at a recent meeting of the Airlines Reporting Corporation (ARC)-sponsored Credit Card Working Group (CCWG) that effective October 2015 it will accept airline-supplied flight manifests as a remedy for fraud payment card chargebacks."
  • Apple Pay Coming to the UK - “Apple Pay has quickly become a big part of millions of users’ everyday shopping routines, providing a simpler, faster and more secure way to pay,” said Eddy Cue, Apple’s senior vice president of Internet Software and Services. “We’re thrilled to bring Apple Pay to the UK with support at launch from the most popular banks, an incredible roster of merchants and many of our users’ favorite apps.”
  • Apple Pay Coming To MasterCard Customers in the U.K. from July - "MasterCard is working with several banks, including: HSBC; MBNA; RBS/Natwest and Santander, to enable users of an iPhone 6, iPhone 6 Plus or Apple Watch to use their MasterCard credit, debit or prepaid cards directly through Apple Pay."
  • Apple Pay Coming to Millions of UK Visa Cardholders Beginning in July - Jeremy Nicholds, Executive Director of Mobile at Visa Europe, commented: “Contactless payments are already widely embraced by millions of Visa cardholders across the country every day, so adding the simplicity and convenience of Apple Pay will catapult mobile payments into the mainstream. If people leave the house with one item, it’s their mobile phone – we’ve worked alongside Apple and the various banks involved to give customers a really seamless and exciting new payment experience through Apple Pay, so they have new ways to use their favourite Visa cards on the go and when shopping in the apps they love.”
  • Synchrony Financial Integrates Private Label Credit Cards and Patented Dual Cards with Apple Pay - “Through our ongoing innovation and strategic partnerships, we have developed a mobile platform that we can rapidly integrate across retailers and wallets, continuing to offer our value proposition for Apple Pay users,” said Margaret Keane, president and CEO of Synchrony Financial. “Through this approach, Synchrony Financial is helping shape the future of how private label credit cards work when customers choose to make contactless payments.”
  • TSYS Supports Apple Pay in the U.K. - “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, chairman, 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.”
  • First Data to Support Launch of Apple Pay in the UK - “Following the successful launch of Apple Pay in the U.S. last year, First Data is thrilled to support the launch of Apple Pay in the U.K. to help our clients bring their customers added convenience, security and privacy. First Data has established itself as a trusted enabler of mobile payments, and we are proud to help transform the payments landscape for the benefit of our clients,” said Sanjiv Das, Executive Vice President, Head of International Regions, First Data.
  • Walgreens Launches App for Apple Watch to Support Medication Adherence - "Walgreens also announced today the planned integration of Balance Rewards with Apple Pay, coming this fall to stores with the launch of rewards support for Apple Pay. Beginning this fall, Apple Pay will provide immediate access to Balance Rewards without separately scanning a Balance Rewards card. Balance Rewards members will have the ability to earn and redeem Balance Rewards points via Apple Pay, the easy, secure and private way to pay."
  • Visa Europe: Smart devices on track to replace cash and cards - "According to new research from Visa Europe, consumer adoption of mobile payments will grow faster than ever in the next five years, with six in ten Britons (60%) expecting to use their mobile devices for payments at least once a week by 2020."
  • Apriva, Miura Systems Partner to Deliver Added mPOS Functionality to U.S. Market - “As we’ve seen the U.S. market expand in mobile payments and chip card acceptance begin to take off, we saw a great opportunity to bring the EMV, Contactless and NFC technologies we’ve tested and proven in over 35 global markets to the U.S.,” said Mark Roberts, SVP Sales & Marketing, Miura Systems. “With their vast connections and highly respected products, Apriva provided us with the ideal partner to bring our Chip and PIN ready peripherals to customers in the U.S.”
  • Splunk Cloud Drives Security Monitoring and Threat Detection at Orrstown Bank - "Splunk Cloud gives Orrstown Bank centralized visibility into machine data coming from more than 60 unique data sources across its entire hybrid IT environment that includes on-premises servers, Amazon Web Services servers and Microsoft Azure. With the ability to now analyze this hybrid data together in Splunk Cloud, Orrstown Bank has improved IT operations reliability and can quickly detect anomalous behavior across its performance, application and network data logs."

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!

May 11, 2015

Headline News from PaymentsNews.com - May 11, 2015

On the Web:

  • Look Who’s Talking Now - PaymentsViews.com (Russ Jones) - "My interest in “voice” stems from my belief that as microprocessors get smaller and faster, the user interface as we know it will fade into the background. The visual display will go away, the tap and swipe interface will go away, and you will simply talk with devices in a conversational way."
  • Tomorrow's Advance Man - Marc Andreessen’s plan to win the future - New Yorker - "He believes that Silicon Valley is mission control for mankind, which is therefore on a steep trajectory toward perfection. And when he so argues, fire-hosing you with syllogisms and data points and pre-refuting every potential rebuttal, he’s very persuasive."
  • Visa Said in Talks to Buy Visa Europe for Up to $20 Billion - Bloomberg - "Visa and its European counterpart split in 2007 ahead of the U.S. firm’s initial public offering. Analysts have been speculating for years that they could merge."
  • A Bitcoin Technology Gets Nasdaq Test - Wall St. Journal - “Utilizing the blockchain is a natural digital evolution for managing physical securities,” said Nasdaq Chief Executive Robert Greifeld. He said the technology holds the potential to “benefit not only our clients, but the broader global capital markets.”
  • Why Bitcoin Could Be Much More Than a Currency - MIT Technology Review - "For years after TCP/IP was invented, the technology was accessible only to people with a certain level of technical knowledge. Similarly, right now Bitcoin is too arcane for most people and challenging to use even for those who are familiar with it."
  • Visa’s Real-Time Window Into How Americans Spend - Visa Corporate Tumblr - "Visa has released its first publicly available Retail Spending Monitor Report (RSM), which offers a monthly assessment of U.S. retail spending overall and for a variety of individual merchant categories."
  • Even Goldman Sachs wants to jump on the online lending bandwagon - Quartz - "Harit Talwar, who recently left his post as head of card services at Discover after 15 years, will be leading a new effort for the bank to lend money to consumers and small businesses over the Internet..."

On the Wires:

  • R-CISC, the Retail Cyber Intelligence Sharing Center, Signs Strategic Agreement With FS-ISAC to Leverage Services & Technologies for Growth - “In less than a year, R-CISC has made significant advances in its information sharing mission and now we’re launching the next phase of maturity and growth,” says Brian Engle, R-CISC Executive Director. “Partnering with FS-ISAC is a surefire way to help accelerate new tools and offerings to retailers. With this collaboration also comes a greater opportunity for both intra-sector and sector-to-sector sharing.”
  • Heartland Introduces Heartland Secure™ for Restaurants - “Protecting customers is our number one priority and our Heartland Secure solution will cover a restaurant’s payment card industry fines and fees in the case of a breach of card information. The Heartland Secure technology that we pioneered materially reduces the opportunity for criminals to monetize encrypted card data. Restaurant operators with Heartland Secure-certified devices, who are processing with us, are fully protected by our comprehensive breach warranty.”
  • New ACI Worldwide Survey Validates Demand for Same Day Money Transfers - “Same Day ACH provides an option for the consumers, businesses and governments that want to move their money faster,” said Janet O. Estep, president and CEO, NACHA. “It provides an immediate solution for moving payments faster and creates a building block for tomorrow’s products and services. The ACI survey results clearly demonstrate continued industry support for Same Day ACH and underscore the value and importance of the initiative to better meet the needs of customers.”
  • Oberthur Technologies to Launch SMART PREMIERE, a Unique Range of Luxury Payment Cards - "With SMART PREMIERE, we have designed a value-added offer to help banks meet their most challenging customers’ needs with high-end products and build specific offers for each customer category. This strengthens our ability to supply them with turnkey solutions to be their long-term privileged partner“ said Eric Duforest, Managing Director of the Payment Business Unit at OT."

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!

May 05, 2015

Headline News from PaymentsNews.com - May 5, 2015

On the Web:

  • Faster Now Faster? - PaymentsViews.com (Carol Coye Benson) - "Today I want to express my enthusiasm about these developments, beam encouragement at the industry, and advocate for a few additional points that I think are important in the design phase."
  • MasterCard’s New Chief Commercial Officer Taking Digital Payment Tech Beyond Lab - Wall St. Journal - "Betty DeVita, former president of MasterCard Canada, starts Tuesday, charged with commercializing ideas that come out of MasterCard Labs, a technology research group started in 2010. Among her first priorities will be Qkr, a payments technology that lets consumers place orders and pay bills with a MasterPass digital wallet."

On the Wires:

  • Widespread UK launch of V.me by Visa - Kevin Jenkins, managing director UK & Ireland at Visa Europe commented: “The UK is the European leader of online commerce with a valuable and diverse range of companies that conduct business online. This announcement is a further proof point of our ability to innovate, building on our market success in contactless. We’re excited to be working with our member banks and many of the UK’s leading retailers to do this and look forward to new partners coming on board.”
  • MasterCard Supports U.S. Small Businesses Making Big Shifts to Chip Cards - “Chip cards all but eliminate counterfeit fraud. We know this because we’ve seen significant fraud reductions in all 80+ countries where EMV has been implemented,” said Carolyn Balfany, senior vice president of Product Delivery – EMV, MasterCard. “The power of chip is realized as more cards and terminals are enabled and used. The goal isn’t to move card fraud around the system. The goal is to drive card fraud out of the U.S. – benefitting banks, merchants and, most importantly, consumers.”
  • Boku Launches on Google Play in the Middle East“By connecting with Boku, Zain KSA brings tremendous value to their subscribers who want a trusted and seamless way to purchase their favorite Google Play content,” said Boku CEO Jon Prideaux. “Given our leading market position, Boku is well positioned to extend this partnership to other carriers across the globe. The opportunities for carriers are truly limitless when a company with Boku’s global footprint integrates with one of the world’s most popular app stores.”

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!

February 24, 2015

Headline News from PaymentsNews.com - February 24, 2015

Glenbrook Meetup in Chicago - Wednesday, Feb 25

On the Web:

On the Wires:

  • MasterCard Drives Host Card Emulation (HCE) Momentum with Mobile Payment Deployments in More than 15 Countries - “Our vision for digital payments is to create great experiences for consumers across all channels and all devices, and HCE and cloud-based software provide another path forward for MasterCard and our partners to deliver on that vision,” said James Anderson, Group Head and Senior Vice President, Shared Platform Services at MasterCard. “The approach will drive greatly expanded availability of mobile contactless and remote payments, through integration with MasterPass, our global digital platform.”
  • American Express Launches Nationwide Campaign to Help U.S. Small Merchants Fight Fraud - The nationwide campaign will help U.S. small merchants fight fraud through a $10 million reimbursement program designed to accelerate adoption of EMV payment terminals. It will also arm small merchants with knowledge about EMV’s security benefits. As part of American Express’ program, eligible merchants that have upgraded to an EMV terminal can request a one-time $100 reimbursement from American Express by visiting www.americanexpress.com/fightfraud."
  • For Finsphere, 'Mobile As Identity' Is Its Reason For Being - "Finsphere CEO Michael Buhrmann said Visa's MLC represents the first major commercial application of the "mobile as identity" concept. On a global basis, the value of this type of confirmation to banks and other issuers of credit and debit cards is estimated to exceed $3 billion annually for their handling of legitimate transactions that are denied unnecessarily because of suspected fraud."
  • Visa Europe: Payment tokenisation service launched - Sandra Alzetta, Executive Director, Core Products for Visa Europe commented: “This is an exciting time to be in the payment industry. We believe that 2015 will be the year that mobile payments will be in the hands of consumers across Europe. Tokenisation is one of the most important technologies to emerge in digital payments and has the potential to start a whole new chapter in the kinds of products that are developed. For that reason, we’ve designed this flexible and scalable service, enabling issuers, merchants and acquirers to provide consumers with the next generation of innovative payment methods – all with the high level of security they expect.”
  • Visa Europe: Global expansion of peer-to-peer payments capabilities - "Visa Europe has partnered with Singapore-based fastacash to enable a new feature for member banks to extend to their customers. This new social feature makes it easy for Visa Direct users to send peer-to-peer payments via social networks such as Facebook, Twitter, WhatsApp and LinkedIn."

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 29, 2015

Headline News from PaymentsNews.com - January 29, 2015

On the Web:

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

On the Wires:

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

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 22, 2015

Headline News from PaymentsNews.com - January 22, 2015

On the Web:

  • Here's Why Apple Pay Users Have Cut the Plastic - eMarketer - "Among US iPhone 6 and 6 Plus users who had used Apply Pay while shopping at a retail store during Black Friday weekend, nearly three-quarters said using Apple Pay was easier than checking out with a debit or credit card..."
  • Braintree Opens Private Beta to Accept Bitcoin - Coinable Blog - "After working closely with Braintree over the past few months, we are excited to announce that Braintree has opened up private beta access to accept bitcoin for all of its U.S.-based merchants."
  • Bill Gates on Mobile Banking, Connecting the World and AI - Medium (Backchannel) - "The actual ideal is to essentially have a public switch that lets you move funds at low fees between various banks. That kind of rich interchange capability actually still doesn’t exist."
  • Visa Europe 2014 Annual Report - "To reflect the disparities across Europe, there is now more focus on local markets, and a more open and flexible approach to digital payment solutions. At the same time, a robust commercial ethos is being embedded within the business – in order to increase its strategic and monetary value, extend its market position, and protect it from business and regulatory risk."
  • ARM makes 15 predictions about 2015 - Android Authority - "These predictions cover a wide range of topics and reflect all the different areas of technology that utilize ARM based processors. The areas covered include smartphones, wearables, IoT, security and servers."
  • Monitise explores strategic review, warns on full-year results - Reuters - "Monitise Plc, a British mobile banking technology company, said it was reviewing its strategic options and warned that full-year revenue would be below its expectations..."
  • Webster Bank ramps up mobile banking app security with Touch ID - Mobile Commerce Daily - "Webster Bank is one of the first United States-based banks to leverage Apple’s Touch ID feature into its mobile banking application..."
  • Amazon drops mobile wallet as chances of a shakeout grow - Mobile Commerce Daily - "Amazon’s wallet strategy raised questions about its viability from the beginning, as many retailers consider the ecommerce giant a competitor and therefore would be unlikely to want to participate..."
  • Cross-Border Payments: Challenges and Trends - Aite Group - "The correspondent banking model does not meet every customer's modern needs, and the growing volume of low-value cross-border payments oblige banks to rethink their current approach to cross-border fund transfers."
  • Payments Giant Ingenico Adds Bitcoin Option to POS Terminals - CoinDesk - "Bitcoin payments provider Paymium has partnered with one of the world's largest point-of-sale (POS) providers to allow European brick-and-mortar retailers to accept the digital currency."
  • Reporting back from the Blockchain Workshops at MIT and Harvard - "And it turns out Bitcoin may be just the beginning."
  • Bigger than Hollywood - Asymco.com - "Apple paid $10 billion to developers in calendar 2014."
  • Google to Sell Wireless Service in Deals With Sprint, T-Mobile - Wall St. Journal - "Google Inc. is preparing to sell wireless service directly to consumers after striking deals with Sprint Corp. and T-Mobile US Inc., a move likely to prod the wireless industry to cut prices and improve speeds..."

On the Wires:

  • Xoom Announces Touch ID for Mobile Money Transfers - “Xoom has always placed safety and security as a top priority; and now with Touch ID on the Xoom Mobile App, this presents an enhanced customer experience with authentication that is simple and highly secure,” said Joe Raymond, Xoom’s Vice President of Product. “In keeping with our mission of creating a seamless customer experience across our platform, Touch ID will make it faster and easier for our customers to send money from the Xoom App, without having to type in a password.”
  • Wawa Launches New Mobile App and Wawa Rewards Program, Offering Customers a Whole New Way to Connect - "As of January 2015, all of Wawa’s more than 680 convenience stores are accepting mobile payments through the new Wawa mobile app, enabling customers to make in-store purchases with more convenience than ever before, using a Wawa Gift Card from their smart phones."
  • TSYS and Ingenico Group to Offer EMV, NFC and Apple Pay Enabled POS Payment Solutions - “Our relationship with Ingenico Group and its industry-leading expertise in EMV and NFC enabled TSYS to be among the first processors to be certified for Apple Pay,” said Craig Ludwig, senior director and head of product for TSYS' Merchant Services segment.
  • Raise Secures $56 Million in Series B Funding to Build on Company Momentum and Sustain Rapid Growth - "Raise, the largest online marketplace for gift cards, today announced that it has raised $56 million in a Series B funding round led by New Enterprise Associates (NEA), with additional funds supplied by Bessemer Venture Partners (BVP), the Pritzker Organization, Listen Ventures and several notable angels who previously participated."

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!

June 30, 2014

Headline News from PaymentsNews.com - June 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!

March 24, 2014

Headline News from PaymentsNews.com - March 24, 2014

On the Web:

On the Wires:

  • Milestone moment for V.me by Visa as fifteen leading European payment service providers join forces to promote the service to retailers - "Visa Europe has today announced new partnerships with fifteen European Internet Payment Service Providers (IPSPs), giving the V.me by Visa digital wallet service access to their extensive e-commerce merchant portfolios, and supporting the continued growth and availability of the multi-market wallet service."
  • Nordea to divest all its shares in Nets Holding A/S - "As the payments industry is becoming increasingly complex and international, Nets needs a strong experienced owner with a clear strategic vision to take the Company to the next level of its development. Nordea believes its divestment and the new owner will be beneficial for the Company and the customers of Nets."
  • Statement on Credit Card Processing Issue - California Department of Motor Vehicles - "There is no evidence at this time of a direct breach of the DMV’s computer system. However, out of an abundance of caution and in the interest of protecting the sensitive information of California drivers, the DMV has opened an investigation into any potential security breach in conjunction with state and federal law enforcement."

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, 2014

Headline News from PaymentsNews.com - February 26, 2014

Glenbrook's Payments Insight Workshop series this spring focuses on three key topics for payments professionals: Bitcoin - Basics and Beyond (March 26), Data in Payments (April 22) and Innovation in Payments (May 8). Offered in a small group setting in the San Francisco Bay Area, registration is now open for each of these workshops!

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!

February 20, 2014

Headline News from PaymentsNews.com - February 20, 2014

The Kindle edition of our book "Payments Systems in the U.S. - Second Edition" - is now available in the Kindle Store as well as in an iBooks version for your iPad or Mac in the iBooks Store. The ebook versions are priced at US$9.99.

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!

February 14, 2014

Headline News from PaymentsNews.com - February 14, 2014

The second edition of our book "Payments Systems in the U.S." has just been published. It's available in print from Amazon.com and in an ebook version for your iPad.

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 22, 2014

Visa Europe Publishes 2013 Annual Report

Visa logo 60pxhVisa Europe has announced its results for 2013. Visa Europe CEO Nicolas Huss writes in a blog post discussing the results and his priorities for the future:

The results demonstrate that I've joined a very successful business. We have huge scale – as many Visa cards as people in Europe (500m) and €1 in every €6.50 spent in Europe is now on a Visa card."

The Visa Europe Annual Report is available for either viewing or downloading from the Visa Europe web site.

Headline News from PaymentsNews.com - January 22, 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:

  • The Value of PayPal and eBay Together - PayPal Forward Blog - "No other payments competitor has achieved PayPal’s success – because no other competitor has a commerce platform like eBay. PayPal is successful precisely because we are part of eBay Inc., not in spite of it."
  • Gang Rigged Pumps With Bluetooth Skimmers - Krebs on Security - "This blog has featured several stories about gas-pump skimmers that were Bluetooth enabled. What’s remarkable is how common these attacks have become."
  • A new way to pay: Dash rolls out more mobile payment tools at restaurants - Macworld - "If you have Dash installed on your phone, the Bluetooth-enabled Dashboard pushes you an alert when you walk into a venue where you can use the app to pay."
  • EBay Says Icahn Proposes PayPal Spinoff - Bloomberg - "The investor is proposing to spin off online payments unit PayPal, one of EBay’s faster-growing businesses."
  • LG Reveals Fingerprint ID Coming to their Smartphones this Year - "LG Electronics has revealed that they'll be integrating fingerprint recognition functionality into their premium smartphones ... later this year..."
  • Argentina restricts online shopping as foreign reserves drop - BBC - "Argentina has introduced new restrictions on online shopping as part of efforts to stop foreign currency reserves from falling any further."
  • Bitcoin Targets Payments Business of Giants Visa to JPMorgan - Bloomberg BusinessWeek - “Perhaps the rise of Bitcoin will put pressure on big banks to get us a more modern payment system,” said Jennifer Tescher, president of the Center for Financial Services Innovation, a Chicago-based research group.
  • Card-Theft Software Grew in Internet's Dark Alleys - Wall St. Journal - "The Reedum malware worked like a Trojan horse by hiding its malicious nature and compromising systems from inside."
  • Priorities for the future - Visa Europe (Nicolas Huss) - "As a membership organisation focused on European solutions for the best interests of all parties in our four‐party model, our continued success is good for the European economy because electronic payments fuel commerce, replace inefficient and expensive cash and fight the shadow economy."
  • Visa to step up marketing of V.me - Marketing Week (UK) - "Jonathan Vaux, V.me commercial director, says it will use “assets” such as its World Cup sponsorship to raise awareness of the service. Ads will push the convenience and security of V.me."
  • T-Mobile Hopes to Shake Up the Check-Cashing Industry, Too - Re/code.net - "Through the combination of a smartphone and a prepaid Visa debit card, T-Mobile (and its banking partner, Bancorp) aims to offer many of the services typically offered through a bank, including check cashing, direct deposit and bill pay."
  • T-Mobile wants to be your next bank The Verge - "T-Mobile's chief marketing officer Mike Sievert says the service could save the "typical household" using a check casher to cash their paychecks "about $1,500 per year.""
  • On the Matter of Why Bitcoin Matters - Medium (Glenn Fleishman) - "As a currency, I have little faith that it will become a replacement for dollars, euros, or renminbi. As a model for a future payment and transaction system, I believe it’s already shown its value."
  • B2B e-commerce gets its own publication - Internet Retailer - "B2Bec News, a weekly e-mail newsletter, will cover technology and strategies that manufacturers, wholesalers and distributors are using to sell online to businesses, government agencies and nonprofits, including universities and hospitals."

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 06, 2014

Headline News from PaymentsNews.com - January 6, 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!

November 27, 2013

Visa Launches V.me Across Europe

Visa logo 60pxhVisa Europe has announced that V.me by Visa, the first pan-European digital wallet service to be offered by banks and financial institutions, is now live in the UK, France, Spain and Poland. The UK’s Nationwide Building Society is joined by leading issuers BPCE and LCL in France, with ING Bank Slaski now in pilot in Poland and multiple pilots also underway in Spain. Visa says that other major issuers will launch soon in all four markets, including RBS in the UK.

Steve Perry, Chief Commercial Officer, Visa Europe, says:

V.me by Visa gives merchants and issuers an acceptance mark that will work across Europe. Mobile phones, tablets and the use of digital payments have changed the nature of commerce: consumers want to be able to buy from the merchant of their choice via any device without sharing their card details. That’s why we’re working with our members and merchants to give them the benefit of V.me by Visa’s scale and international reach.”

Offering simple, secure online payments, V.me by Visa is designed to increase consumer confidence in online shopping and reduce the proportion of sales that are abandoned during the checkout process. In the UK any cardholder can sign up to participate in the launch. In other markets the service is currently being offered to a select group of consumers, with wider availability to follow in the coming months. More than 1,400 merchants accept V.me by Visa today, with soon-to-launch retailers including Universal Music in the UK and Allopneus, Aquarelle, Brandalley, Leclerc Drive, Made.com and Pecheur.com in France. By January 2014, up to 4,000 merchants will accept V.me by Visa thanks to strategic partnerships with main services suppliers in the payment industry, notably WorldPay in the UK, as well as Be2bill (Rentabiliweb), Payzen (Lyra Network), Payline by Monext, Paybox (Point VeriFone), SystemPay (Natixis Paiements) and Worldline (Atos subsidiary in e-payment services) in France.

August 08, 2013

Headline News from PaymentsNews.com - August 8, 2013

On the web:

On the wires:

Updates from Glenbrook:

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

July 25, 2013

Headline News from PaymentsNews.com - July 26, 2013

On the web:

On the wires:

Updates from Glenbrook:

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

Headline News from PaymentsNews.com - July 25, 2013

On the web:

On the wires:

Updates from Glenbrook:

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

July 24, 2013

EU Proposes New Rules on Payment Services and Regulation of Interchange Fees

European commission logo 140x60psThe European Commission today announced a new payment Services Directive ("PSD2") along with a proposal for regulation on interchange fees for card-based payment transactions. EU Internal Market and Services Commissioner Michel Barnier said:

"Today, the payment market in the EU is fragmented and expensive with a cost of more than 1% of EU GDP or €130 billion a year. These are costs our economy cannot afford. Our proposal will promote the digital single market by making internet payments cheaper and safer, both for retailers and consumers. And the proposed changes to interchange fees will remove an important barrier between national payment markets and finally put an end to the unjustified high level of these fees."

Vice President Joaquín Almunia added: "The interchange fees paid by retailers end up on consumers' bills. Not only are consumers generally unaware of this, they are even encouraged through reward systems to use the cards that provide their banks with the highest revenues. Complementing the enforcement of antitrust rules, the regulation capping interchange fees will prevent excessive levels of these fees across the board. A level playing field will be created for payment services providers, new players will be able to enter the market and offer innovative services, retailers will make big savings by paying lower fees to their banks, and consumers will benefit through lower retail prices."

"The Regulation on interchange fees, combined with the revised PSD, will introduce maximum levels of interchange fees for transactions based on consumer debit and credit cards and ban surcharges on these types of cards."

Headline News from PaymentsNews.com - July 24, 2013

On the web:

On the wires:

Updates from Glenbrook:

  • We've redesigned our web site - be sure to check out the fresh new look at glenbrook.com!
  • Glenbrook's Payments Boot Camp! - A special summer session of our popular Payments Boot Camp - in Half Moon Bay on August 6th and 7th is ALMOST SOLD OUT! We're also leading a half day course on Data In Payments - August 8th, also in Half Moon Bay. Join Carol, Scott and Russ for lively, interactive sessions - register now!
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  • Follow Glenbrook Partners on LinkedIn! -
  • Follow us on Twitter: @paymentsnews and @paymentsviews

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

July 16, 2013

Headline News from PaymentsNews.com - July 17, 2013

On the web:

On the wires:

Updates from Glenbrook:

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

June 25, 2013

Visa EU: How to Profit from Next Generation Payments

Visa Europe has published a new white paper titled "How to profit from next generation payments - Lessons from the music businessVisa logo 60pxh" (PDF).

Peter Ayliffe, CEO of Visa Europe, comments:

Payments are now being impacted by the shift to digital in the same way the music industry was at the end of the 20th century. However, we can take a more direct road to a much better destination – a destination that will add value to all customers.

To do so, we need to:

  • positively embrace and lead the change;
  • build a new, open eco-system with new partners;
  • innovate to create value be securing new, more diversified, more sustainable revenue streams and a broader customer relationship.
The report begins: "Visa Europe is in the data business. When a Visa payment is made, all that is exchanged is data." Indeed.

May 16, 2013

Headline News - May 16, 2013

On the web:

On the wires:

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

May 15, 2013

Headline News - May 15, 2013

On the web:

On the wires:

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

May 14, 2013

Headline News - May 14, 2013

On Twitter:

On the web:

On the wires:

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

April 17, 2013

Visa Europe Enhances Personal Payments Service

Visa logo 60pxhVisa Europe has announced two additions to its Visa Personal Payments mobile service that will enable consumers to make instant transactions from their mobile phone to any Visa cardholder in Europe, in any European currency.

The Multi-Currency feature, to be available by the end of 2013, allows payments to be sent and received across borders, bringing international money transfers to mobile devices. Immediate Payments, launching in the UK this week with other markets to follow later in the year, makes it possible for consumers to receive money sent via Visa Personal Payments in a matter of minutes.

Sandra Alzetta, Senior Vice President, Visa Europe, said:

"Mobile payments have the potential to fundamentally change the way that people pay and are paid. The new Multi-Currency and Immediate Payments features combine the convenience of mobile device use with the ability to send money to 460 million Visa cardholders across Europe, solving a problem that millions of consumers face every day – giving money to another individual easily and securely."

Visa Personal Payments is a person-to-person payments service that enables anyone with a Visa credit, debit or reloadable prepaid card to accept payments from another Visa card without needing to share any account details.

April 08, 2013

March 20, 2013

Headline News - March 20, 2013

On the web:

On the wires:

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

August 22, 2012

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