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Western Union

Welcome to the News View for "Western Union".

Here, on these archive pages, you'll find all of the articles on Payments News for Western Union 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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February 04, 2016

Headline News from PaymentsNews.com - February 4, 2016

ON THE WEB

  • A Way to Lock Lost Debit Cards, From a Big Bank - New York Times - "Once the card is locked, it cannot be used to make purchases or withdraw money from automatic teller machines until the user unlocks it."
  • Blockstream Welcomes New Investors - Adds $55 Million in Series A - Blockstream Blog - As our investor and board member Reid Hoffman wrote back in 2014, before many execs first wrote "blockchain" on their whiteboards, "Bitcoin is a transformative addition to Internet communication protocols that will create new networks of trust, fuel massive economic ecosystems, and create enduring long-term value."

ON THE WIRES

  • Visa Opens its Global Network with Launch of Visa Developer - “We are unbundling Visa’s full suite of products and services and giving developers open access to the underlying payment capabilities,” said Rajat Taneja, executive vice president of technology, Visa Inc. “We believe this will lead to the creation of entirely new commerce experiences with Visa technology integrated to enable greater security, scale and convenience when it comes time to pay. When you add the ability to distribute those new experiences across Visa’s global network, you can see why Visa Developer will become the preferred playground for developers everywhere.”
  • PayPal Reveals Vision for the Future of Money - “We are in a period of transformation – how people shop; how merchants sell; how people interact with the financial system; the very nature of money itself is changing,” said Dan Schulman, President and CEO of PayPal. “New Money is a celebration about the ways technology can help expand and improve financial participation and financial health for billions of people worldwide. We want to reimagine money -- enabling new ways for people to securely and affordably manage, move and spend their money.”
  • U.S. Bank is First to Offer MasterCard® Business Network for Small Business Owners - "U.S. Bank (NYSE: USB) is the first bank in the nation to offer its small business customers access to MasterCard’s Business Network in a fully customized, consolidated website that provides offers, advice and tools designed to help small businesses run efficiently and effectively."
  • Fifth Third Bank Launches Express Banking to Serve the Unbanked and Underbanked - "Fifth Third created Express Banking for people who typically don't have bank accounts, but who use banks and non-bank alternatives such as check cashing centers to cash checks, make payments and get cashier's checks. Express Banking provides a way for people to manage their money with no monthly service charge or balance requirement. The service does not allow overdrafts, which protects customers from spending money they don’t have."
  • Western Union and Viber to Provide Cross-Border Money Transfer Capabilities - “Our users are already using Viber to stay in touch with friends and families worldwide, so the ability to send money to loved ones through the app is a natural next step,” said Michael Shmilov, Chief Operating Officer, Viber. “Viber’s alliance with Western Union is our first step into this direction and it gives our users a new way to quickly and conveniently send money to friends and family.”
  • Fifth Third Bank Introduces Touch ID for its Mobile Banking App - “Our customers’ digital expectations continue to evolve – and many of those expectations are being set by using non-bank apps such as shopping and games," said Chad Borton, executive vice president and head of the Consumer Bank for Fifth Third Bank. "Fifth Third is continuing to evolve its digital experiences to do the same, creating fast and simple banking.”
  • Fit Pay Completes $3.1M Seed Funding Round - "We are pleased to support Fit Pay's vision for transforming wearables," explains Scott Marquardt, president, Giesecke & Devrient America, Inc. "The Fit Pay platform, in combination with G&D's capabilities in embedded secure operating systems, applications and credentials lifecycle management, brings a complete end-to-end portfolio to Fit Pay's prospective wearable device partners."

EVENTS

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 20, 2016

Headline News from PaymentsNews.com - January 20, 2016

ON THE WEB

ON THE WIRES

  • New IMF Staff Paper Looks at How to Reap the Benefits and Curtail the Risks of Virtual Currencies - "Achieving a balanced regulatory framework that guards against risks without suffocating innovation is a challenge that will require extensive international cooperation, says a new staff paper, “Virtual Currencies and Beyond: Initial Considerations,” released today by the International Monetary Fund (IMF) during the World Economic Forum."
  • R3 brings eleven major global financial institutions together on a cloud based distributed ledger - "R3 and consortium member banks Barclays, BMO Financial Group, Credit Suisse, Commonwealth Bank of Australia, HSBC, Natixis, Royal Bank of Scotland, TD Bank, UBS, UniCredit and Wells Fargo each connected on an R3-managed private peer-to-peer distributed ledger, underpinned by Ethereum technology and hosted on a virtual private network in Microsoft Azure, the public cloud platform offering Blockchain as a Service (BaaS) in an accelerated development environment."
  • Global Payments Partners with Mobeewave to Offer Innovative Add-On-Free Mobile Payment Acceptance Solution - "The solution is designed to enable secure, in-person payment transactions, made with any contactless credit card or mobile wallet (e.g. Apple Pay®, Samsung Pay, Android Pay™), directly on an NFC-enabled mobile device, without the need for additional hardware such as a card reader or dongle."
  • Western Union Cross-Border Platform Connects Consumers to over One Billion Bank Accounts - "“The account payout network capability represents a natural evolution in Western Union's cross-border platform and omni-channel strategy to reach new digital-savvy, banked and mobile enabled consumers. Western Union is actively pursuing digital innovation enterprise wide, increasing consumers’ choice of money transfer channels and facilitating financial inclusion in emerging countries around the world."
  • InComm Digital Solutions Introduces Digital Open-Loop Prepaid Products - "The new products are digital versions of Visa gift or reward cards delivered to an email address and are redeemable on any U.S.-based e-commerce site where Visa debit cards are accepted."
  • Nielsen Study: Innovation in Mobile Technology, Payment Options & Retail Strategy Drive Borderless Shopping - "As technology and the retail landscape rapidly evolve, payment practices are also changing. More than half of respondents who say they shopped online during the past six months paid with a traditional credit card (53%), but roughly four-in-10 used a digital payment system such as PayPal (43%), debit card (39%) or direct debit from their bank account (38%)."
  • Merchants to Face More Chargeback Challenges as CNP Fraud Escalates - "Our research revealed that almost two-thirds of physical goods merchants believe that outsourcing fraud mitigation and chargeback management has become cost effective. We believe working with a third-party solution provider who specializes in end-to-end management of CNP transactions will be the future for online merchants who are already at a higher risk for this type of fraud than their brick-and-mortar peers."
  • Moneris launches business-to-business payment solutions to optimize commercial card acceptance - "Moneris' B2B services target business suppliers accepting payments from commercial customers and card issuing partners who require support enabling suppliers for card acceptance. Suppliers will be offered accounts receivable solutions that move them off of traditional cheque and invoicing systems, speed up payment delivery times and optimize business operations. Card-issuers will benefit from supplier enablement services that help simplify the migration to electronic payment acceptance for suppliers. "
  • Visa Inc. Appoints Lynne Biggar as Chief Marketing and Communications Officer - "While at Time Inc., Ms. Biggar was responsible for marketing to consumers for all Time Inc. brands across all channels, direct marketing company Synapse, Time Inc. Retail, Time Inc. Books, Consumer Insights, Data Solutions and Time Customer Service. Prior to her role at Time Inc. she spent more than 20 years at American Express in a variety of general management and marketing positions in both the US and international divisions and was a member of the company’s Global Management Team."

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!

December 14, 2015

Headline News from PaymentsNews.com - December 14, 2015

On the Web

  • Interchange Regulation Comes to Europe - PaymentsViews.com (George Peabody) - "Interchange galvanizes the attention of regulators around the world like iron filings to a magnet. Everyone in card payments watches their moves closely because of its economic impact on merchants, card networks, issuers, acquirers and, in theory, consumer pricing. European regulators are among the most recent to weigh in."
  • Former Wall St titans shake-up banking with fintech investments - FT.com - "They made their name on Wall Street. Now, they are trying to disrupt it."
  • Blockchain Startup Digital Asset Hires SWIFT and SunGard Veterans - CoinDesk - "“With more than 50 years of combined experience in the financial and technology sectors, Cris and Chris have a deep understanding not only of the marketplace, but of what we are building and they will be invaluable to our continued growth," Digital Asset CEO Blythe Masters said in a statement.

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 17, 2015

Headline News from PaymentsNews.com - November 17, 2015

On the Web

On the Wires

  • Western Union Offers New Global Money Transfer Service on WeChat - “Given the proliferation of social media around the world, we are expanding our activities in this exciting area. It only makes sense to include the WeChat platform as part of the company’s innovative digital money transfer capabilities. By teaming with WeChat and deploying the WU Connect platform to its U.S. users, Western Union is offering yet another new method for consumers to move money worldwide."
  • Global Payments Announces Support for Apple Pay in Canada - “Following successful enablement in the U.S. and the UK, Global Payments is pleased to be one of the first providers in Canada to offer merchants the exciting opportunity to accept Apple Pay,” said Frank T. Young, SVP, Global Product and Innovation.
  • Chase teams up with 18 technology partners to help merchants accept Chase Pay - "These industry leaders will help merchants integrate Chase Pay into their overall payment acceptance strategy,” said Michael K. Passilla, CEO of Commerce Solutions, the global payment processor and merchant acquirer of JPMorgan Chase & Co. “Chase Pay solves a number of pain points for consumers and merchants to improve the customer experience and drive down the cost of payments.” - The technology partners announced include: 3Delta Systems, AJB Software, Aria Systems, Auric Systems, Authorize.Net, BridgePay, Bytemark, CardinalCommerce, FIS ClearCommerce, CyberSource, iBiz Software, LevelUp, Miva, P97, Recurly, USAePay, Vindicia and Xpress Bill Pay.
  • PayPal 2nd Annual Global Report Shows More Than 1/3 of Chinese Online Shoppers Now Buying Cross-Border - "Amidst a year of market-moving news coming out of China, no shortage of attention has been paid to its growing consumer class’ buying power as more enter the global online ecommerce market. This year’s findings support the growth trend: 35 percent of online shoppers claim to have shopped cross-border in 2015, vs. 26 percent in 2014."
  • Align Commerce Closes $12.5 Million Series A Round Led by Kleiner Perkins Caufield & Byers (KPCB) - "For far too long the cost and complications of existing payment systems have hindered startups and SMBs from fully capitalizing on global trade,” said Marwan Forzley, CEO of Align Commerce. “The Align Commerce platform cuts through time-consuming red tape and excessive fees that have unnecessarily burdened users. Existing systems have seen little innovation in the face of game-changing new technologies, and the entire experience is overdue for a radically different approach.”
  • First Data and NCR Sign Strategic Commercial Agreement - "First Data will be a preferred provider of cybersecurity and payment processing solutions to NCR’s customers in the grocery, petroleum and convenience store industries. NCR will be a preferred provider of ATM hardware and services to First Data’s client base of more than 4,000 financial institutions. The two industry leaders will also pursue co-development of integrated commerce technology solutions for U.S. merchant clients."
  • NFC Forum: U.S. Retailers May Not Be as Prepared for Retail Payments Migration as They Think - "The white paper describes ways for merchants to secure their businesses against fraud while accepting payment from customers in the way they prefer to pay. "
  • Synchrony Financial Announces Completion of Separation from GE - “This is an historic day for Synchrony Financial,” stated Margaret Keane, president and CEO of Synchrony Financial. “Today we launch the next stage in our company’s future – pursuing a long-term strategy focused on Synchrony’s business objectives as a stand-alone company. I am very proud of our employees, who have prepared us for this day, while continuing to serve our partners and customers and to grow our business.”

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 26, 2015

Headline News from PaymentsNews.com - October 26, 2015

On the Web

On the Wires

  • Visa Brings Token Security to eCommerce - "Visa today announced that it has integrated token technology into Visa Checkout, the company’s online check out service used by merchants and consumers globally to make safe, easy payments in just a few clicks."
  • U.S. Banks Unite to Form Industry Leading Secure Real-Time Payments Network - In a joint prepared statement, the CEOs of Bank of America, BB&T, Capital One, JPMorgan Chase, U.S. Bank, and Wells Fargo said, “Our customers want the ability to make payments to anyone, in real-time, making funds instantly available in the recipient’s bank account. To achieve this, we are combining our collective, bank-owned digital payments network (clearXchange) with our fraud, risk and authentication assets (Early Warning), to further ensure that our customers can send money, confidently, securely, and in real-time via their financial institutions.”
  • The Clearing House Drives Closer to Standing-Up New Innovative National Real-Time Payment System - "The Clearing House (TCH) announced it has entered into a letter of intent with VocaLink, the UK-based international payment systems provider, to help build and deliver core elements of TCH’s new real-time payment system for the United States."
  • MasterCard Launches New Program That Can Turn Any Consumer Gadget, Accessory or Wearable into a Payment Device - “As more and more ‘things’ become connected, consumers will have endless possibilities when it comes to how they pay, and will need all of their devices to work seamlessly together,” said Ed McLaughlin, Chief Emerging Payments Officer at MasterCard. “This program eliminates the boundaries of how we pay by delivering a secure digital payment experience to virtually anything – rings, fitness and smart bands, car key fobs, apparel, and whatever comes along next.”
  • Western Union Introduces WU Connect Platform, Expanding Cross-Border Money Transfer via Mobile and Social Media - David Thompson, EVP, Global Operations and Technology and CTO, Western Union, expressed excitement about the potential impact of this new offering saying, "This puts Western Union in a position to extend its digital platform to networks whose users are looking for more convenient ways to send and receive money globally on a platform of their choice."
  • Sequent Launches Token Service Platform Supporting all Card Types and Networks - "Compatible with all major credit and debit card networks, Sequent Token Service Platform allows banks to deploy a single solution to support their entire credit and debit card portfolio plus profitable private label and prepaid cards."
  • E*TRADE Resets Mobile Bar with Apple Pay - "E*TRADE Financial Corporation today announced the release of Apple Pay functionality for E*TRADE debit card holders."
  • Scotiabank First Canadian Bank to Launch Bulk Interac e-Transfer® Service - "Scotiabank is pleased to be the first Canadian Bank to offer this innovative new service to meet the needs of our business banking customers," said Rania Llewellyn, Senior Vice President, Cash Management and Payment Services at Scotiabank. "We are always looking for new ways to make everyday business transactions fast, easy and secure for our customers, and with the Bulk Interac e-Transfer service, our business banking customers have more choices to send electronic payments efficiently."
  • TSYS and Ingenico Group to Offer New Semi-Integrated EMV Solution - "Using a semi-integrated approach, communications between the PIN pad and point-of-sale (POS) system are limited to non-sensitive exchanges, preventing card data from entering the POS. By taking the POS out of the payment flow process, not only are EMV certification and PCI compliance simplified, but overall costs and time required for EMV implementation are reduced as well."
  • Mozido Expands Digital Payments Offering: Launches U.S. - China Cross-Border Payment Gateway - "The Mozido PayEase Payment Gateway service enables Chinese consumers to securely pay with their local bank accounts and credit cards with reliable settlement of the funds to the U.S. merchant’s bank account. As the first and most trusted cross-border payment gateway in China, Mozido PayEase breaks down barriers by allowing Chinese citizens to pay in their local currency while allowing the merchant to be paid in their home currency through a seamless transaction."
  • Dream Payments Launches Canada's First Off-The-Shelf EMV Payment Terminal That Accepts Interac Debit Card Payments - "The Dream solution consists of an MPOS application for iOS® and Android™ based smartphones and a Bluetooth® enabled EMV Debit and Credit Card Reader. The Dream card reader is available through TELUS at an introductory price of $99.99. Payment processing fees are low cost; $0.25 for Interac Debit card transactions and 2.75% for Visa® and MasterCard® credit card transactions."
  • Penny Inc Launches at Money20/20 with Prepaid MasterCard® Card and Integrated Mobile App Solution
  • - "Penny Inc, which provides payments and expense and travel management solutions for small to medium-sized businesses, today announced the launch of the Penny Inc prepaid MasterCard® card program (“Penny”) virtually connected to a mobile app."
  • INTECH to Provide Prairie Cloudware Platform to Credit Union Clients - "INTECH will white label the Prairie Cloudware technology allowing credit unions to offer members a mobile wallet that carries the institution’s brand. The initial deployment of the Digital Payments Guardian for INTECH will offer an Android mobile wallet with a Visa card. The solution can be extended to include additional payment cards and sources as well."

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 12, 2015

Headline News from PaymentsNews.com - August 12, 2015

On the Web:

On the Wires:

Glenbrook's 2015 Payments Education

Updates from Glenbrook:

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

July 06, 2015

Headline News from PaymentsNews.com - July 6, 2015

On the Web:

On the Wires:

  • Visa Europe: 1 billion Visa contactless purchases made in last year - Sandra Alzetta, Executive Director of Core Products at Visa Europe said: “Contactless momentum continues to build as more and more people discover it’s often the quickest and most convenient way to pay for everyday things. Across Europe, usage levels have soared, with more than one billion contactless transactions made by Visa cardholders in the last 12 months alone."
  • Western Union Enhances Mobile Money Transfer Capabilities in Africa - “Western Union continues to grow its reach across Africa, while delivering an exceptional experience across retail and mobile platforms, allowing our customers to conveniently and reliably move money,” said Khalid Fellahi, senior vice president and general manager, Western Union Digital. “Furthermore, Western Union seeks to promote global economic opportunity by bridging gaps in the traditional financial services system, and strives to provide consumers with 24x7 access to Western Union services.”

Glenbrook's 2015 Payments Education

Updates from Glenbrook:

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

June 08, 2015

Headline News from PaymentsNews.com - June 8, 2015

On the Web:

  • E-commerce Fraud, Data, and EMV’s Impact on CNP Losses - PaymentsViews.com (George Peabody) - "This discussion with Tom Donlea, Director, e-Comm/Retail Practice at Whitepages, looks at how the data is provided to the merchant, the challenge of data sourcing in international markets, the care and control of PII, and what the US EMV roll-out could mean for CNP fraud."
  • Google Misses Out on Apple’s Slice of Mobile Transactions - Wall St. Journal - "Google isn’t getting transaction fees from bank issuers, said people familiar with the situation."
  • PayPal Holdings presentation for investors and analysts - Exhibit included in a June 8, 2015 eBay SEC filing
  • How I Learned to Stop Worrying and Embrace the Security Freeze - Krebs on Security - "Even if you haven’t noticed (or maybe you just haven’t actually received a breach notice), I’m here to tell you that if you’re an American, your basic personal data is already for sale. What follows is a primer on what you can do to avoid becoming a victim of identity theft as a result of all this data (s)pillage."
  • Westpac, ANZ trial Ripple payments, but big four reluctant on bitcoin - Financial Review (Australia) - "Executives at big four banking rivals are still adopting a more cautious stance on the future acceptance of bitcoin in the mainstream economy, pointing to the fact that it remains unregulated and fraught with risks related to money laundering."
  • Remittances at the Click of a Smartphone Button - New York Times - "While the likes of Western Union have offered international money transfers for decades, new tech start-ups and traditional telecom operators are taking advantage of the rapid rise of smartphones in many emerging economies to reduce the barriers — and costs — of sending cash overseas."
  • Why financial firms are investigating bitcoin tech - CNBC - "The blockchain is the financial challenge of our time," said Blythe Masters, CEO of Digital Asset Holdings, on Tuesday at the Exponential Finance Conference hosted by CNBC and Singularity University. "It is going to change the way that our financial world operates."

On the Wires:

  • Apple Pay Giving Shoppers Even More Ways to Pay - "Apple Pay will also give shoppers more ways to pay in the US, expanding merchant acceptance to over one million locations next month and bringing support for Discover this fall. With this addition, Apple Pay will accept credit and debit cards across all major card networks, issued by the most popular banks, representing 98 percent of all credit card purchase volume in the US."
  • U.S. Bank Gives Customers Access to Free Credit Score - “Knowing your score is important, but even more importantly, we want customers to understand how choices they make can affect their score in the future,” said Andrew Cecere, chief operating officer for U.S. Bank. “Having a good credit score makes it easier to take out a loan, rent an apartment or make a major purchase with the best possible terms. Offering CreditView through TransUnion helps our customers make wise choices, and is consistent with U.S. Bank’s broader efforts to promote personal financial responsibility.”
  • TSYS Enhances Card Production in the Migration to Chip Cards - “We have worked with our U.S. clients since last year as they prepare to issue chip cards in 2015, and it was clear to us early on that we could create an improved process,” said Bob Kellum, group executive of Output Services, TSYS. “This solution lets our issuers focus more on strategy and execution and less on managing new operational challenges. We have also included Chip Card on Demand in TSYS Card Shop to create custom chip cards.”

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!

April 29, 2015

Headline News from PaymentsNews.com - April 29, 2015

On the Web:

On the Wires:

  • MasterCard Incorporated Reports First-Quarter Financial Results - “We are managing well, despite a mixed economic environment and challenging currency situation,” said Ajay Banga, president and CEO, MasterCard. “The underlying fundamentals of our business remain unchanged, driving our ability to sign new agreements with Citi and Itaú, work with digital giants and expand our support of the merchant community. This, combined with our focus on costs, allowed us to continue to deliver solid results in the first quarter.”
  • Merchant Customer Exchange (MCX) Appoints Brian V. Mooney Chief Executive Officer - "Mooney was most recently CEO and a board member of Bank of America Merchant Services, one of the largest U.S. merchant payment acquirers, serving a significant segment of large U.S. merchants and handling billions of transactions."
  • Banking with a Fingerprint: Digital Insight Offers Touch ID to Access Finances - “Touch ID frees consumers from having to enter their username and password in order to access their finances,” said Dan Weis, senior product manager at Digital Insight. “The speed and ease-of-use of Touch ID will provide financial institutions another innovation to offer their customers and members and further help them differentiate in the marketplace.”
  • Patent Trial and Appeal Board Grants PQI’s Requests for Review of Three Patents Related to Loyalty Programs - "In October, Askeladden filed six IPR petitions requesting review of the three patents, U.S. Patent Nos. 8,297,502, 8,523,063 and 8,540,152, on the grounds that they are invalid. The PTAB issued decisions on April 23, 2015, which found that Askeladden’s petitions established a reasonable likelihood that each of the claims in each of the patents is invalid. A final decision on invalidity is expected within one year."
  • Introducing Amazon Business: Everything You Love About Amazon, For Your Business - “We’ve heard from business customers that they love the convenience of shopping online, and want an experience at work that is similar to how they shop at home,” said Prentis Wilson, Vice President of Amazon Business. “Amazon Business delivers a new and expanded marketplace that brings the selection, convenience and value of Amazon to business customers, manufacturers and sellers with the additional selection, features and back-end integration businesses need to save time and money.”
  • Western Union and U.S. Bank Extend Relationship - Carter Hunt, Senior Vice President and General Manager, Western Union U.S., said, “We are pleased to extend our relationship with U.S. Bank, and we remain committed to bringing customers the high level of customer service and innovation they have come to expect from our company.”

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!

April 08, 2015

Headline News from PaymentsNews.com - April 8, 2015

On the Web:

On the Wires:

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

Glenbrook's 2015 Payments Education Update!

Updates from Glenbrook:

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

March 23, 2015

Headline News from PaymentsNews.com - March 23, 2015

On the Web:

On the Wires:

  • Square Cash is Open for Business - "So we’re excited to announce today that Square Cash is now available for businesses everywhere in the U.S. We deposit payments directly into your bank account (as opposed to a holding account), and offer an aggressive and affordable professional rate of only 1.5%."
  • Western Union and Hyperwallet Forge Strategic Alliance to Address the Global Mass Payments Market - “By integrating our payments ecosystem with Hyperwallet’s platform, we have enabled a mass payment product that will help change how global payments are made today, while helping meet the rigorous compliance demands faced when making global payments.”
  • New Version of RelayAccount Helps Simplify Collection of Patient Payment - “Helping providers clearly track a patient’s financial obligations and enable automated collections on payment plans are becoming two business-critical capabilities in today’s healthcare market,” said Matt Larsen, vice president of Innovation, RelayHealth Financial.
  • Wells Fargo Offers Spanish Language Mobile Banking Experience - "Our convenient and award-winning mobile banking app now offers Spanish-speaking customers the option of tailoring an in-language experience to best suit their needs,” said Brett Pitts, head of Digital for Wells Fargo Virtual Channels. “We’re proud that we continue to make improvements to our digital banking products that allow more customers to take advantage of the convenience and security of mobile banking in their preferred language.”

Glenbrook's 2015 Payments Education Update!

Updates from Glenbrook:

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

January 27, 2015

Headline News from PaymentsNews.com - January 27, 2015

On the Web:

On the Wires:

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

Glenbrook's 2015 Payments Education Schedule Now Available!

Updates from Glenbrook:

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

January 14, 2015

Headline News from PaymentsNews.com - January 14, 2015

On the Web:

  • Coming Soon!

On the Wires:

  • Fiserv Puts Control in the Hands of Cardholders With Mobile Card Management Application - "CardValet from Fiserv is a turnkey mobile application that can be downloaded from the Apple App Store or Google Play Store. Using CardValet, cardholders can turn their card off when their card is not in use, establish spending limits to allow transactions up to a certain dollar value and decline transactions when amounts exceed predefined thresholds. In addition, transactions can be monitored or controlled for specific merchant categories, such as travel, restaurants, or entertainment, and can be denied or reported for specific types of merchants."
  • ShopKeep Pocket Mobile App Launches with Powerful, Real-Time Reporting Features - "ShopKeep Pocket is a best-in-class mobile reporting application that enables merchants to quickly access their business data in real-time, wherever they are. The new app will work in tandem with ShopKeep Register, the company’s point of sale application, and offers users the ability to monitor business operations via their mobile devices, permitting increased connectivity and productivity on-the-go."
  • Western Union to Launch Direct to Bank from US to Mexico - "An agreement recently signed between Western Union and UniTeller, will allow Western Union customers in the US to send cash directly into qualifying bank accounts – totaling more than 60 million individual bank accounts1. The UniTeller network currently covers top banks in Mexico."
  • MasterCard and Masabi Set Commuters Free From Cash - "By combining MasterCard’s payment technology with Masabi’s JustRide mobile ticketing platform consumers will experience a faster and more convenient way to get around a city’s transit system."
  • New Bill.com Payments for NetSuite Achieves ‘Built for NetSuite’ Verification - "The Bill.com Payments for NetSuite SuiteApp is an integrated, full-service payments services solution available for NetSuite users. The new SuiteApp allows users to pay bills anytime, anywhere by clicking one button within NetSuite."
  • T-Mobile Gives Mobile Money Customers an Extra $20 on Their Tax Refund - "T-Mobile CEO John Legere today announced via Twitter that T-Mobile customers with Mobile Money who set up and receive a direct deposit of their tax refund onto their registered T-Mobile Visa® Prepaid Card will get a $20 credit."

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!

December 09, 2014

Headline News from PaymentsNews.com - December 9, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

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

November 19, 2014

Headline News from PaymentsNews.com - November 19, 2014

On the Web:

  • Most People Are Only Thinking About Compliance - Bitcoin Foundation Blog (Jim Harper) - "Without prevention of real-world harms to target, banks will manage a different risk, which is the risk of regulatory action. The incentives to “de-risk” entire business lines, including digital currency, will remain strong. Risk aversion in financial services was the top threat to Bitcoin’s success identified in the study we released earlier this year."
  • United Airlines deploys iPads for airport purchases funded by miles - Mobile Commerce Daily - "In total, nearly 6,000 iPads will be stationed around the New Jersey airport’s Terminal C in a bid to elevate the airport experience with sophisticated technology, dining and design."

On the Wires:

Updates from Glenbrook:

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

June 26, 2014

Headline News from PaymentsNews.com - June 26, 2014

On the Web:

On the Wires:

  • Higher One Adds Chinese Currency to International Payments Service - "Higher One, a leader in providing financial services and data analytics to more than 1,900 colleges and universities nationally, announces the addition of the Chinese yuan to its international payments service, which is powered by Higher One’s partnership with Western Union Business Solutions."

Updates from Glenbrook:

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

April 21, 2014

Headline News from PaymentsNews.com - April 21, 2014

On the Web:

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

On the Wires:

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

Updates from Glenbrook:

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

January 09, 2014

Headline News from PaymentsNews.com - January 9, 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 23, 2013

Headline News from PaymentsNews.com - December 23, 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:

  • MoneyGram Reaches 200 Country Network Milestone - “This is an important achievement in our continuous efforts to strengthen our network and to reach more customers across the globe,” says Pamela H. Patsley, chairman and chief executive officer at MoneyGram.

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 15, 2013

Headline News from PaymentsNews.com - November 15, 2013

On Twitter:

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!

November 08, 2013

Headline News from PaymentsNews.com - November 8, 2013

On the web:

On the wires:

Updates from Glenbrook:

  • Looking for consulting help from Glenbrook? Let us know your needs here - and we'll get right back to you!
  • Join Glenbrook's Carol Coye Benson and Scott Loftesness for our Glenbrook Payments Boot Camp on December 10-11th in Palo Alto, California!
  • Glenbrook's Jacqueline Chilton will be speaking social media and payments at the W.net Northern California LINC Networking event being held November 14 at Google.
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

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

September 25, 2013

Headline News from PaymentsNews.com - September 25, 2013

On the web:

On the wires:

Updates from Glenbrook:

  • Join us for our new series of Glenbrook Payments Boot Camps coming this October - 8th/9th in the San Francisco Bay Area and 23rd/24th in New York City!
  • Glenbrook's Allen Weinberg and Erin McCune will be at Money2020 in Las Vegas October 6-10 - please reach out to them directly to catch up in person or set up a briefing at the conference. Erin will be moderating an Invoicing, Billing & Collections panel with Bill.com CEO Rene Lacerte, Billtrust CEO Flint Lane and Billhighway Chairman Vince Thomas.
  • Glenbrook's Elizabeth McQuerry will be speaking at this year's NACHA Global Payments Forum on October 17-18 in New York City. She'll be speaking on the topic "Mobile Payments, Interoperability & Faster Funds Transfer".
  • Glenbrook's Carol Coye Benson will be speaking at this year's American Bankers Association Annual Convention on October 20-22 in New Orleans. She'll be participating in a panel discussion on The Future of the Payments Industry.
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

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

September 17, 2013

Headline News from PaymentsNews.com - September 17, 2013

On the web:

On the wires:

Updates from Glenbrook:

  • Join us for our new series of Glenbrook Payments Boot Camps coming this October - 8th/9th in the San Francisco Bay Area and 23rd/24th in New York City!
  • Glenbrook's Allen Weinberg and Erin McCune will be at Money2020 in Las Vegas October 6-10 - please reach out to them directly to catch up in person or set up a briefing at the conference. Erin will be moderating an Invoicing, Billing & Collections panel with Bill.com CEO Rene Lacerte, Billtrust CEO Flint Lane and Billhighway Chairman Vince Thomas.
  • Glenbrook's Elizabeth McQuerry will be speaking at this year's NACHA Global Payments Forum on October 17-18 in New York City. She'll be speaking on the topic "Mobile Payments, Interoperability & Faster Funds Transfer".
  • Glenbrook's Carol Coye Benson will be speaking at this year's American Bankers Association Annual Convention on October 20-22 in New Orleans. She'll be participating in a panel discussion on The Future of the Payments Industry.
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

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

September 03, 2013

Headline News from PaymentsNews.com - September 3, 2013

On Twitter:

On the web:

  • BitMonet: Pay-per-view for the Internet - IEEE Spectrum - "Publishing houses most likely chose this payment model to offset the high processing fees that credit cards bundle into their purchases..."
  • Why Debit Cards Will Survive with Lower Swipe Fees - American Banker BankThink (Mark Horwedel) - "In the hands of the signature networks, debit interchange became a new source of revenue that today is viewed by the banks as a natural right."
  • A Look Back at the History of the Federal Reserve - The Big Picture - "What did the Federal Reserve Act do? According to the preamble of the Act, the intent was “to furnish an elastic currency.”"
  • EMV Is Coming to the United States--Right? - Portals and Rails Blog - "Based on comments I've also heard at recent industry conferences, many of the major card issuers' replacement plans seem to be focused on card replacement for international travelers and high net worth/private banking clients rather than a wholesale card replacement effort."
  • Stripe in Ireland - Stripe Blog - "With Stripe’s launch in Ireland, we’re bringing all our core functionality to every Irish individual and business: instant setup, full control over the user experience, straightforward pricing, and a fully integrated stack."
  • GSMA's MMU releases infographic on the Kenyan experience with mobile money - GSMA Mobile Money for the Unbanked Blog - "The Kenyan Journey to Digital Financial Inclusion is an infographic that chronicles the development of mobile money in the country tracing how policy decisions and product innovations worked together to connect three quarters of the Kenyan people to electronic payments and other products."

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!

August 05, 2013

Headline News from PaymentsNews.com - August 5, 2013

On the web:

  • We can’t make good coffee, but we can simplify payments - VeriFone Blog - "By leveraging many of the same technologies that helped to catalyze payment innovation, combined with forward-looking products that simplify the complexity inherent in payments, VeriFone is changing the model by which its customer and partners leverage new technology while easing the burden of adoption and deployment."
  • Mobile Chat Has a Place in Every Banking App - American Banker BankThink (Simon Zhen) - "Mobile chat, which is essentially text messaging with a bank associate, is less formal than an email and less time-consuming than a phone call."
  • Tune In to TMG’s New Podcast: The Future of Payments - TMG Blog - "As new competitors and new technology permeate the payments industry, financial institutions (FIs) must look for solutions to keep their brands relevant and attractive to consumers."

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 08, 2013

Headline News from PaymentsNews.com - July 8, 2013

On the web:

On the wires:

Upcoming from Glenbrook:

  • Summer Camp! - A special summer session of our popular Payments Boot Camp - in Half Moon Bay on August 6th and 7th... Also, an optional 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!
  • Follow Glenbrook Partners on LinkedIn! -

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 03, 2013

Headline News from PaymentsNews.com - July 3, 2013

On the web:

On the wires:

Upcoming from Glenbrook:

  • Summer Camp! - A special summer session of our popular Payments Boot Camp - in Half Moon Bay on August 6th and 7th... Also, an optional 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!
  • Follow Glenbrook Partners on LinkedIn! -

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 02, 2013

Headline News from PaymentsNews.com - July 2, 2013

On the web:

On the wires:

Upcoming from Glenbrook:

  • Summer Camp! - A special summer session of our popular Payments Boot Camp - in Half Moon Bay on August 6th and 7th... Also, an optional 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!
  • Follow Glenbrook Partners on LinkedIn! -

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 19, 2013

Headline News from PaymentsNews.com - June 19, 2013

On the web:

On the wires:

Upcoming from Glenbrook:

  • Summer Camp! - A special summer session of our popular Payments Boot Camp - in Half Moon Bay on August 6th and 7th... Also, an optional 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!
  • Follow Glenbrook Partners on LinkedIn! -

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!

April 18, 2013

Headline News - April 18, 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.
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