Payments News from Glenbrook Partners
Glenbrook   Book   Education   Views   Archives   Store   Advertise   About         SUBSCRIBE:

WorldPay

Welcome to the News View for "WorldPay".

Here, on these archive pages, you'll find all of the articles on Payments News for WorldPay 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.

Subscribe to Payments News!

August 15, 2016

Headline News from PaymentsNews.com - August 15, 2016

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide!

ON THE WEB

  • Europe's Disappearing Cash - Emptying the tills - The Economist - "As countries become richer, they tend to move away from cash on grounds of security, convenience and cost. Consumers may think that cash is free but for banks and retailers it is not; it needs to be counted, bundled, transported, cleaned, replaced, checked for forgery, stored and guarded."
  • USA's 5th largest bank adds support for Contactless Payments via Microsoft Wallet - MSPoweruser - "PNC bank joins Bank of America as one of the few banks that support NFC payments for Windows Phones, but I suspect given the low usage of the technology in general in USA it is enough to say this is no longer an area where Windows Phones are left behind."

ON THE WIRES

  • Worldpay heads down under with Australia licence - "Ecommerce in Australia accounted for $42bn of the country’s GDP in 2015, and the country’s consumers lead the world in terms of eWallet adoption, which is favoured by 21% of shoppers buying goods online."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming this fall - in Palo Alto, CA and New York City. See our fall schedule here. We hope to see you there!

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

UPDATES FROM GLENBROOK

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

October 16, 2015

Headline News from PaymentsNews.com - October 16, 2015

What I'm Reading...

  • This weekend your editor will be reading Superforecasting: The Art and Science of Prediction by Wharton professor Philip Tetlock and coauthor Dan Gardner. From the book's description: "Superforecasting offers the first demonstrably effective way to improve our ability to predict the future—whether in business, finance, politics, international affairs, or daily life—and is destined to become a modern classic."
  • How about you? What are you reading? Drop me a quick note and tell me about it: editor@paymentsnews.com

On the Web

  • How Bad Will It Get for American Express? - Bloomberg - "Costco’s costs to accept credit cards as part of its deal with Amex was about 0.6 percent of every purchase, people familiar with the arrangements say, which was pretty cheap for any retailer, but Chenault offered to cut them further."
  • Worldpay IPO: Putting a Value on Fintech’s Future - Wall St. Journal - "Investors in the IPO seem to be pricing Worldpay on profitability before the ongoing costs of building its own better systems, which it has been doing since being bought from RBS by private equity groups, Advent International and Bain Capital."
  • FBI EMV gaffe is the latest setback for payments security - Computerworld - "What the FBI said is that PIN is far more secure—which is without debate—and it encouraged shoppers to use a PIN instead of signature. Therein lay the problem."
  • The Numbers Behind Square's Payment Business - " In 2014, the company processed payments worth $23.8 billion, generating revenue of $850 million. As many other companies in the late startup stage, Square has yet to become profitable, having posted a net loss of $154 million in 2014."

On the Wires

  • Barclaycard US And Priceline.com Extend Long-Term Partnership Agreement - "The priceline.com rewards Visa card provides us with another way to reward our customers for their loyalty and offers incremental value for everyday purchases," said Ben Harrell, Senior Vice President at priceline.com. "We are pleased to continue our ongoing relationship with Barclaycard as a benefit to our customers."
  • Daon and USAA Reach 1 Million Enrollments in Mobile Biometric Authentication - "USAA is very excited with the advanced rate of biometrics adoption we have seen," said Rick Swenson, assistant vice president of enterprise financial crimes management strategy and analytics. "Reaching the milestone of 1 million enrollments is a strong testament of our members' preference to use a biometric when authenticating."
  • Synchrony Financial Reports Third Quarter Net Earnings of $574 Million or $0.69 Per Diluted Share - “The approval we received from the Federal Reserve is a major milestone in our journey towards being a fully independent company. The third quarter marked another period of strong performance with the signing or renewal of several significant partnerships, continued advancement of our mobile wallet strategy, solid financial results, and ongoing deposit growth through our fast-growing online bank,” said Margaret Keane, President and Chief Executive Officer of Synchrony Financial.

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 15, 2015

Headline News from PaymentsNews.com - October 15, 2015

On the Web

  • Hip to be Square - Om Malik - "About two years ago I wrote a piece about design is not just pretty websites but instead it is about the entire experience. Square was among the examples I cited. I looked over the S-1, read through the whole thing and it was good to see that even as it [has] become a billion dollar revenue company, the soon to be public SQ hasn’t forgotten that vital lesson."
  • Payments Startup Square Discloses IPO Plans - Wall St. Journal - "Square said sales rose 54% last year to $850.2 million and are on a pace to exceed $1 billion this year."
  • The Crucial New Business Unit Hiding in Square’s IPO Filing - Re/code.net (Jason Del Rey) - "The division, dubbed “software and data products,” consists of a variety of new products that aren’t tied directly to Square’s credit card processing business."
  • Bain Capital, Advent International Reap $4.9 Billion Profit From Worldpay - Wall St. Journal - "Two Boston-based private-equity firms have earned a combined profit of about £3.2 billion ($4.9 billion) in cash and stock from their five-year-old investment in Worldpay Group PLC..."
  • UK Government Highlights Benefits of Blockchain Tech - CoinDesk - "During her speech in London yesterday about the government's technology drive, Harriet Baldwin MP said the government is working to create the right regime for digital currency businesses..."
  • RBS to pilot product based on blockchain technology in 2016 - ComputerWeekly.com - "RBS would not provide details of the likely service due to the commercial sensitivity of the project, but John Lyons, head of strategy and commercial services for RBS’s payments business suggested it is “on the fringes of payments”"

On the Wires

  • First Data Announces Pricing of its Initial Public Offering - First Data (“First Data”) today announced the pricing of its initial public offering of 160,000,000 shares of its Class A common stock at $16.00 per share. Shares of First Data’s Class A common stock are expected to begin trading on the New York Stock Exchange on October 15, 2015 under the symbol “FDC"...
  • FreedomPay Certifies For EMV On First Data For All Card Brands - Ensuring the security of consumer payment data is a top priority for merchants across all industries,” said Chris Kronenthal, Chief Technology Officer of FreedomPay. “Working with leading organizations in lodging, gaming, retail, foodservice, healthcare and higher education to implement PCI best practices including EMV, tokenization and Validated P2PE, FreedomPay is helping merchants secure their payment environment, prevent EMV liability exposure and reduce scope for PCI compliance.”

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 14, 2015

Headline News from PaymentsNews.com - October 14, 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!

August 28, 2015

Headline News from PaymentsNews.com - August 28, 2015

On the Web:

  • Bitcoin Technology Piques Interest on Wall St. - New York Times - "Many in the financial industry hope they can find a way to use the blockchain concept — what is often referred to as a distributed ledger — without using the blockchain associated with Bitcoin."
  • Ingenico Said to Join Bidding for U.K. Payments Firm Worldpay - Bloomberg - "Ingenico Group, a French payments-processing company, has joined the race to buy Worldpay Ltd. ahead of a planned initial public offering by the U.K. rival, according to a person familiar with the matter."
  • Payments firm iZettle raises 60 million euro, starts financing service - Reuters - "The firm, a maker of payment card readers for smartphones and tablets, said on Friday that the capital injection was led by previous investors Intel Capital and Zouk Capital. The funds will be used to support the expansion of the new service, called iZettle Advance, and boost growth in iZettle's existing business."

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!

August 26, 2015

Headline News from PaymentsNews.com - August 26, 2015

On the Web:

  • Wirecard Said to Join Worldpay Contest With $9.4 Billion Bid - Bloomberg - "German payments processor Wirecard AG has joined the bidding for U.K. rival Worldpay Ltd., according to people with knowledge of the matter."
  • PayPal One Touch is Now Being Used By Millions of People and Available in 16 Countries - "One Touch is the biggest change to online shopping in more than a decade. It is a faster, safer way for consumers to check out at merchant sites, whether in mobile apps, on mobile web or online -- across platforms and payment types. Since launching One Touch, we’ve gotten phenomenal feedback from consumers and merchants alike. One Touch has led to a 50% or greater improvement in conversion of PayPal on mobile and we believe ushers in a major upgrade in the way consumers and merchants will connect in the coming decade. "

On the Wires:

  • First American Payment Systems Releases Payment Integration Tools for Partners and Developers - "As the payments world evolves, ISV partners are looking to increase revenue and differentiate their product offerings in the marketplace,” said Neil Randel, Chief Executive Officer for First American Payment Systems. “1stPayBlaze provides that functionality to the ISV community, as well as to their existing and new merchants, backed by our award-winning customer service and technical support. Our tools allow developers to incorporate this advanced technology within their software or website quickly and easily, eliminating many of the complex integration steps required in certifications.”
  • New Payment Technology is an Ace for MasterCard and The Barclays - "Golf fans using the latest in payment technology from MasterCard can get their food and drinks faster whether they are on the course, in the clubhouse or visiting the MasterCard Club on the ninth fairway during The Barclays in Edison, NJ. Concession point of sale terminals throughout Plainfield Country Club will be enabled to accept contactless payments and Qkr! with MasterPass, giving spectators a chance to use some of the newest payment technologies."
  • QCash Financial Offers QCash and QCash Plus as White Label Products to Financial Institutions - "QCash Financial’s product suite enables financial institutions to offer small-dollar, short-term loans quickly via a mobile device, from a branch or online to consumers. The suite is currently comprised of fee-based, small-dollar loans (QCash), and interest-based, near small-dollar loans (QCash Plus), both of which use the data analytics, technology and underwriting engine powered by QCash."

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 26, 2015

Headline News from PaymentsNews.com - May 26, 2015

On the Web:

  • One out of four accounts ‘dormant’ as mobile money takes over banking - The East African - "Nearly one out of every four bank accounts in East Africa remains inactive as consumers trade traditional banking for the convenience of mobile money services, the findings of two separate studies show."
  • NFC Mobile Payments: An Industry Snapshot - Mobey Forum - "In this paper, Mobey Forum has attempted to produce a one-stop-guide to assist our banking industry colleagues to better understand and compare the various payment options currently available. No solution has emerged from this analysis as a clear winner, indeed it may be that in some cases more than one payment option is a suitable ‘fit’."
  • Nasdaq to step up blockchain trials - FT.com - "Clearing houses are a wonderful invention, but if you have a public ledger that is trusted, you can evolve back to a bilateral (trading) world but proceed with instantaneous settlement.”
  • Announcing Xapo's Advisory Board - Xapo Blog - "Today Xapo is proud to announce the formation of its advisory board with three visionary leaders, Dee Hock, John Reed and Lawrence H. Summers."
  • MIT aims to give bitcoin research, development a stable home - Boston Globe - "A fledgling project at the Massachusetts Institute of Technology Media Lab is offering researchers and software developers a quiet home to work on bitcoin’s core technology, a computer science breakthrough that lets people trade money securely without paying a middleman."
  • Indonesians Start to Embrace Bitcoin - Wall St. Journal - “Many people think that Bitcoin is unheard of in Indonesia, but the fact is its popularity is soaring now,” said Oscar Darmawan, CEO of PT Bit Coin Indonesia, which owns bitcoin exchange site Bitcoin.co.id.
  • EBA Chairman: Banks Must Understand Blockchain Tech - CoinDesk - "Brennan's statement follows the publication of the EBA's Crypto technologies, a major IT innovation and catalyst for change report, which highlighted the blockchain's potential to improve banking, reduce costs and improve product offerings."as
  • Payment Processor Payza's Bitcoin Transactions Rise 20% Per Month - CoinDesk - "Payza, which serves 100,000 online merchants, also noted payments in the digital currency represent approximately 10% of its monthly withdrawal and deposit volume."
  • Docomo Seeks to Make Passwords Unnecessary - Wireless Week - "The carrier expects to become the world's first mobile operator to integrate online services with smartphones capable of FIDO-enabled multiple biometric authentication."
  • IRS system mined for over 100,000 taxpayer records by fraudsters - Ars Technica - "After the IRS disclosed more information, it became clear the user data was not obtained because of a direct hack of government systems. Rather, weak authentication used by the IRS to protect access to taxpayer data is likely at fault."

On the Wires:

  • Nordstrom and TD Bank Group Announce Strategic Credit Card Relationship - "Nordstrom and TD Bank Group (TD) announced today an agreement under which TD will acquire Nordstrom's existing U.S. Visa and private label consumer credit card portfolio, which currently totals approximately $2.2 billion in receivables. In addition, the two companies have entered into a separate long-term agreement under which TD will become the exclusive U.S. issuer of Nordstrom-branded Visa and private label consumer credit cards to Nordstrom customers."
  • Mitek to Acquire IDchecker, a Global Identity Verification Solutions Provider - "The acquisition of IDchecker demonstrates our commitment to delivering solutions that optimize the mobile channel for safe and secure customer acquisition," said James B. DeBello, president & CEO, Mitek. "By expanding our product portfolio, we will transform Mitek into a global provider of mobile capture and identity solutions in the multi-factor authentication market which is projected by the global market research firm MarketsandMarkets to be worth $10.75 billion by 2020."
  • Worldpay extends global payment acceptance capabilities to India - Ramesh Ganesan, Head of Transaction Banking at IndusInd Bank said: “We are delighted to offer eCommerce acquiring services in India in association with Worldpay. We are confident that the association will help both organisations to contribute to the growth of the ever growing Indian eCommerce industry. This partnership will allow each company to benefit from the other’s respective expertise in domestic and international payments thereby helping in promoting online payment services in India.”
  • TSYS and PAX Technology, Inc. Launch Semi-Integrated EMV Solution - “Making the switch to accept EMV transactions can be a confusing and daunting process, which is why it is important to us to offer our clients a simplified approach,” said Craig Ludwig, head of product for TSYS’ Merchant Services segment. “Our all-in-one solution developed with PAX not only reduces costs and time required for EMV certification, but also provides advanced security features to guard against credit card fraud.”
  • Digital River Names Hayden Reed Senior Vice President and General Manager for Digital River World Payments - "He joins Digital River from MasterCard Worldwide, where he served for ten years, most recently as the senior vice president and group head of emerging payments product for credential management. Prior to MasterCard Worldwide, he served in leadership positions with companies such as First Data Corporation; Electronic Commerce Payments, Inc.; CheckFree Corporation, which is now part of Fiserv, Inc.; Banc One Corporation, which was acquired by JPMorgan Chase & Co.; and Ernst & Young LLP."
  • InstaMed Releases 2014 Trends in Healthcare Payments Annual Report - “The InstaMed Network has processed hundreds-of-billions of dollars in healthcare payments to date, which gives us a unique perspective on healthcare payment trends, including the growth in consumer payment responsibility," said Bill Marvin, President and CEO of InstaMed. "With the release of this annual report, we are leveraging our unique vantage point to educate the industry and promote awareness, change and greater efficiency in healthcare payments.”
  • Staples Celebrates Million Dollar Milestone for Staples Business Loans -"Staples teamed up with Lendio, an innovative financial technology firm and the leading small business-lending marketplace, to deliver a suite of funding options that help solve these challenges."

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 25, 2015

Headline News from PaymentsNews.com - February 25, 2015

On the Web:

On the Wires:

Glenbrook's 2015 Payments Education Schedule Now Available!

Updates from Glenbrook:

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

December 03, 2014

Headline News from PaymentsNews.com - December 3, 2014

Last Call:

  • The last Glenbrook Payments Boot Camp of 2014 is being held next week, December 9 and 10, in Palo Alto, California. Our Payments Boot Camp provides a comprehensive introduction to the payments systems in the U.S., an overview of global payments, and lots of insights into what's happening in emerging payments. Join Carol Coye Benson and me for this final session of the year! - register here!

On the Web:

  • Sweden’s Klarna to Invest $100 Million in U.S. Launch - Wall St. Journal - "Unlike other tech startups, which tend to prefer working out of Silicon Valley or New York, the Swedish company has decided to set up shop in Columbus, Ohio."
  • Mobile Wallets: A Smart Way to Pay? - Kiplinger - "Using your smartphone to store your credit card and bank information is convenient and secure, but don’t leave your wallet at home just yet."
  • Apple Pay from the Front Lines - GonzoBanker - "After using my iPhone for less than a month to make about a dozen payments, I’ve actually started to unintentionally reach for my phone instead of my wallet when it’s time to pay for something. Yikes."
  • With Fraud Afoot, Shield Your Wallet - New York Times - "That is why it’s a good idea to use a credit card when shopping online, or if you must use a debit card, use it in conjunction with something like PayPal..."
  • Preparing for Chip-and-PIN Cards in the United States - New York Times - "In total, roughly 70 percent of credit cards and 40 percent of debit cards are expected to use the technology by the end of next year, though the introduction of upgraded checkout systems will not be completed until the end of the decade."
  • Taking One Touch™ Mobile Payments International - Braintree Blog - "Today, in an effort to help people and businesses connect more seamlessly, reduce friction from buying on mobile and support innovation globally, we’re rolling out One Touch with PayPal in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, Sweden and the UK."
  • Seeing Explosive Mobile Growth as We Open Our New Office in San Francisco - Braintree Blog - "Our data confirms what we’ve known all along -- mobile is becoming the primary computing device and consumers are starting to expect a frictionless buying experience on mobile."
  • Why Apple Pay may be the gateway drug bitcoin needs - Gigaom - "Most consumers don’t understand the technology that is transferring the USD in their iPhone to the Walgreens, so if that was replaced with bitcoin’s blockchain technology, one may not notice."
  • This Investor Thinks Bitcoin Will Change EVERYTHING — Not Just Finance - Business Insider UK - "The Bitcoin block chain is different because everything underlying it is published, and there's no central controlling entity."
  • O’Reilly Media Unveils Blockchain Event, Announces Bitcoin Integration Nationwide - Coinbase Blog - "Taking place this winter in San Francisco, the one-day event will give attendees an opportunity to learn about Bitcoin’s significance and potential, and educate them on ways to leverage its tools, technologies and processes to expand and contribute to the ecosystem."

On the Wires:

  • New Innovation Lab in East Africa to Expand Digital Financial Services - "MasterCard Labs for Financial Inclusion launching in East Africa with funding from the Bill & Melinda Gates Foundation to develop financial services that help people build better futures..."
  • Amadeus and Worldpay partnership further simplifies travel payments - Celia Pereiro, Head of Travel Payments at Amadeus commented: “We are pleased to partner with one of Europe’s largest payment services providers. Worldpay will help us to fulfil our customers’ payment needs across the globe through a simple payment experience offered to their travellers."
  • MasterCard Takes Priceless Surprises To New Heights - “Today’s surprise is just one way we’re taking our Priceless Surprises platform to a whole new level by bringing in new partners and delivering surprises through new platforms to drive cardholder affinity,” said Raja Rajamannar, chief marketing officer, MasterCard.

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 11, 2014

Headline News from PaymentsNews.com - November 11, 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!

October 23, 2014

Headline News from PaymentsNews.com - October 23, 2014

On the Web:

  • Considering Bitcoin as a Payment Network - PaymentsViews.com (Russ Jones) - "What sort of payment system is Bitcoin? I’d say it is most similar to an open loop payment system that uses the push model. It offers close to real-time processing between end-parties and uses real-time gross settlement to complete each transaction. ..."
  • Costs and Benefits of Building Faster Payment Systems: The U.K. Experience and Implications for the United States - Federal Reserve Bank of Boston - "This paper examines the economic cost-benefit analysis underlying the U.K. FPS investment decision and describes the subsequent diffusion and use of FPS through 2013. The paper also assesses the effects that FPS likely had on the rest of the U.K. payment system and highlights key unanswered questions for future research."
  • The Dawn of Diners Club, and the Credit Card - New York Times - "Diners Club initially charged a $5 annual fee to users (equivalent to $49 today) and a fee of 7 percent to 10 percent of the charge to the business accepting the card."
  • Better Your Business With Square App Marketplace - Square Blog - "Whether you’re looking for easy sales tax reporting and filing with TaxJar, a wireless kitchen display system with Fresh KDS, or a comprehensive view of your social and online marketing efforts alongside sales with SumAll, you can find business apps that sync seamlessly with your Square account."
  • Why America has been slow to adopt modern credit-card technology - Economist - "As the (probably apocryphal) Winston Churchill aphorism goes, you can always count on the Americans to do the right thing—after they have tried everything else."
  • Etsy Introduces Credit Card Reader to Go Beyond the Web - "With the launch, Etsy will for the first time start earning a cut of transactions that happen away from its digital platform."
  • The 12 Best Answers from Gavin Andresen's Reddit AMA - CoinDesk - "They should use the block chain as the world's most secure distributed ledger."
  • Apple Pay’s First TV Ad Is A World Series Spot From MasterCard And MLB - TechCrunch - "Remember, this is a MasterCard ad, not an Apple ad, meaning this is yet another sign that payments providers think Apple could be the company to make mobile payments really take off, and are investing resources and backing accordingly."
  • In Palo Alto, Even the Hummus Guy Has an E-Commerce Startup - Re/code.net - "His new app — Wondermall — is an iPad shopping play in which a user can scroll through a virtual mall populated with anchor stores like Macy’s and Banana Republic."
  • Tipalti lands $13M to become a bigger international payment platform - VentureBeat - “When you’re paying your supplier, there isn’t a simple, common denominator,” CEO and co-founder Chen Amit told VentureBeat.
  • Mobile Payments: Ready for Primetime - The Clearing House Banking Perspectives (Dave Fortney) - "The great consumer adoption fallacy is that consumers will use mobile payments simply because they’re new and cool. The opposite is more likely true; tech enthusiasts aside, most consumers are resistant to change and will only accept it if given a compelling reason. Consider it the human equivalent to Newton’s first law of motion: an object at rest tends to stay at rest unless acted upon by an outside force."

On the Wires:

  • The Clearing House to Undertake a Multi-Year Effort to Design and Develop a Secure, Real-Time Payment System - “The digital economy moves in real time and our customers expect us to keep pace,” said Richard Davis, Chairman, President, and CEO of U.S. Bank and Chairman of The Clearing House. “We will work with the industry to build a real-time payment infrastructure, which will enable consumers to pay and get paid securely and conveniently.”
  • U.S. Bank Launches Corporate Payments Mobile App for On-The-Go Account Access - “Mobile devices are blurring the line between corporate and consumer need,” said Dominic Venturo, chief innovation officer for U.S. Bank. “Customers want a consistent, familiar experience, whether they’re paying their mortgage at home or managing invoices at work. Tools must be simple, intuitive, and offer high-value, low-cost functionality."
  • Worldpay Supports Apple Pay - “Enabling our merchants to process Apple Pay payments is a natural extension of Worldpay’s secure payment offerings,” said Tony Catalfano, President and CEO of Worldpay US. “We are committed to ongoing improvements that enable our merchants to accept new methods of payment as they evolve and intersect with new technologies."

Updates from Glenbrook:

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

August 21, 2014

Headline News from PaymentsNews.com - August 21, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

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

May 01, 2014

Headline News from PaymentsNews.com - May 1, 2014

On the Web:

  • Merchants and Billers: Leverage = Options x Time! - PaymentsViews.com (Jay DeWitt) - "The solution to these situations simple: figure out when your acquirer contract expires, and get it on your planning calendar so you’re teed up to begin negotiations 6-12 months before contract term."
  • In Bitcoin Debate, Larry Summers Sides with the History of Change - Wall St. Journal Moneybeat - "To Mr. Summers, the potential contained in bitcoin’s breakthrough technology, with its fast, low-cost system for confirming transactions, is demonstrated by problems with the current multi-layered system for domestic and global fund transfers."
  • Payment Innovation Is Not Enough For Retail - TechCrunch (Dax Desilva) - "Commerce is all about bringing the right product to the right shopper at the right time, but the payment only addresses the close. To differentiate, merchants need to focus on innovating everything else that happens long before we reach the register..."
  • The death of cash? Debit card use surges - Telegraph (UK) - "Plastic and automated payments are now the most popular method of payment by both volume and size of transactions, according to current account data published by Halifax."
  • HCE vs. BLE: Which has the bigger in-store potential? - Mobile Commerce Daily - "While both NFC and BLE are likely to bring some important innovations to the in-store experience, they also have their limitations."
  • EMV is Not a Panacea for Transaction Security - Verifone Blog (Jeff Wakefield) - "Yes, EMV is more secure than mag-stripe technology, and when fully rolled out it will do a good job of reducing card fraud. But until mag-stripes are eliminated from cards; mag-stripe readers are no longer in use, and until merchants completely eliminate usable data from their environments, EMV will remain a “better option,” but it won’t prevent the theft of cardholder entirely."
  • ‘Dark Wallet’ Is About to Make Bitcoin Money Laundering Easier Than Ever - Wired - "On Thursday, a collective of politically radical coders that calls itself unSystem plans to release the first version of Dark Wallet: a bitcoin application designed to protect its users’ identities far more strongly..."

On the Wires:

  • Chase Launches Marriott Rewards Premier Visa Signature Business Credit Card for Small Business Owners On the Go - "Chase Card Services and Marriott Rewards® today announced the launch of the Marriott Rewards Premier Visa Signature® Business Credit Card designed for small business owners who travel frequently for business or pleasure. With the Marriott Rewards Premier Business Credit Card, small business owners have the ability to earn accelerated Marriott Reward points on all purchases, accumulate free night stays, and receive automatic Silver Elite Status once they become a cardholder."
  • MasterCard Incorporated Reports First-Quarter 2014 Financial Results - "The company reported net income of $870 million, up 14%, and earnings per diluted share of $0.73, up 18%, in each case versus the year-ago period."
  • Worldpay announces strategic acquisition of Cobre Bem Tecnologia - "Worldpay Group today announced that it has acquired Cobre Bem Tecnologia, a leading provider of payment solutions in Latin America, for an undisclosed amount. With this transaction, Worldpay’s eCommerce division will further strengthen its global reach, giving its customers access to a wide range of payment products in Brazil, Argentina, Colombia, Chile and Mexico."
  • Qualcomm Establishes Retail Solutions Subsidiary as Standalone Company -- Gimbal, Inc. - "The QRS team has made tremendous progress with the Gimbal technology platform and I am excited to continue leading this group as CEO of Gimbal, Inc.," said Rocco Fabiano, current president of QRS. "I am eager to continue working with this team under a new corporate structure that will permit the business to respond quickly to this rapidly evolving ecosystem."
  • Wells Fargo Commercial Cards Are Europe-Bound - "In a related announcement, Wells Fargo said all new USD WellsOne® Commercial Cards will be embedded with microprocessor chips defined by E.M.V. (Europay, MasterCard, and Visa) standards. In addition, Wells Fargo has begun migrating all of its existing cardholders over in advance of the October 2015 deadline in the United States."
  • Wells Fargo Launches Wells Fargo Works for Small BusinessSM - "Wells Fargo Works for Small Business provides wide-ranging support for business owners throughout the U.S. to help them build knowledge, access capital and expand their community of support. Wells Fargo Works for Small Business encompasses the company’s commitment to helping small businesses grow."

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 17, 2014

Headline News from PaymentsNews.com - April 17, 2014

On the Web:

On the Wires:

  • MasterCard Board of Directors Recommends Two New Candidates for Election - “The world continues to get smaller and technology opens new doors every day,” said Richard Haythornthwaite, Chairman of the Board, MasterCard. “MasterCard is advancing to meet consumer, business and societal needs in an increasingly digital world, while maintaining a focus on convenience and security. Merit and Julius’ experience and insights will add to and complement our existing Board as we pursue this vision.”
  • Warburg Pincus To Acquire Electronic Funds Source - "Warburg Pincus ... today announced it has entered into a definitive agreement whereby one of its affiliates will acquire 100% of Electronic Funds Source LLC, a leader in innovative corporate payments solutions, from an investor group including First Data Transportation Services, Inc., CTP Holdings LLC and FJ Management Inc."
  • Lending Club Acquires Springstone - "As part of the financing of this transaction, Lending Club also announced the closing of an equity capital raise. Investors in the $65 million round included funds and accounts managed by T. Rowe Price Associates, Inc., Wellington Management Company, LLP, BlackRock and Sands Capital."
  • Worldpay Launches China Sales Office - "The Shanghai office is headed up by Tang Kok San, VP – Business Development China, and will offer all of Worldpay’s e-commerce customer-facing functions, including relationship management and corporate support."

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 21, 2014

Headline News from PaymentsNews.com - January 21, 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!

January 16, 2014

Headline News from PaymentsNews.com - January 16, 2014

We’d love to have you participate in our 2014 PaymentsNews Reader Survey! Please take a moment to participate - it’s quick and easy to complete: https://www.surveymonkey.com/s/393MCB3

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!

September 26, 2013

Headline News from PaymentsNews.com - September 26, 2013

On the web:

On the wires:

  • WorldPay US Announces Purchase of Century Payments - “The acquisition of Century Payments is a vital milestone in our continued US growth strategy,” said Tony Catalfano, CEO of WorldPay US.
  • Parallax Capital Partners and StepStone Group buy IdenTrust - "IdenTrust’s experience and expertise in providing identity management for many of the world’s largest banks, its role as a major identity provider to the US Federal and State Governments, and its growing emergence as an identity solution for the corporate sector make it the perfect company for us to invest in."

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!

April 25, 2013

Headline News - April 25, 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.

April 16, 2013

Headline News - April 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.
Payments News on Facebook