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Headline News from PaymentsNews.com - September 12, 2017 http://ift.tt/2xvODZP
Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments consulting and education services to payments professionals worldwide!
ON THE WEB
How Apple's New Face ID Works - Gizmodo - "The technology builds on Touch ID and is called Face ID, of course. It uses a new selfie camera setup in the iPhone 10 called the “TrueDepth camera system.” TrueDepth uses a set of sensors, cameras, and a dot projector to create an incredibly detailed 3D map of your face."
Venmo is offering users an (ugly) physical debit card - TechCrunch - "After Square unveiled a free debit card that would be tied to their Square Cash App, it was only a matter of time until we saw Venmo do something similar. Now TechCrunch has learned that Venmo is inviting some users to a beta program where they’ll be sent a card for free that is attached to their Venmo account. Users can pay with this card in stores and online just like a normal debit card — and the money spent will be debited from their Venmo balance."
Belgian banks bid to banish passwords with itsme app - Finextra - "Belgium's major banks and mobile network operators have joined forces to create an app that lets people replace their various online usernames and passwords with a single code or fingerprint."
No ATM needed: Standard Chartered partners start-up soCash on 400 cash withdrawal points - Straits Times - "Standard Chartered Bank has partnered financial technology start-up soCash, which will allow its customers to withdraw cash at over 400 points through the bank's mobile app, SC Mobile. The cash points include merchants such as Buzz, U Star, UMart, as well as convenience stores and minimarts islandwide. Instead of having to look for an ATM, Standard Chartered Bank customers now have the option of getting cash through soCash, which has been integrated into the SC Mobile app."
The Evolution of Trust in the Era of Platforms and Blockchain - Wall Street Journal CIO Journal - "The IBM study analyzed the responses of the early adopters to figure out what’s driving them to embrace blockchain at this early stage. It found that early adopters viewed blockchain as a kind of trust accelerator."
UNDERSTANDING CRYPTO REGULATIONS - Multicoin Capital blog - "In light of the recent actions by the US Securities and Exchange Commission and People’s Bank of China, we’re receiving a lot of questions about regulation. In this post, we’ll provide some frameworks to understand how governments can enforce regulations on public blockchains."
Monopoly without a monopolist : An economic analysis of the bitcoin payment system - Bank of Finland - "Owned by nobody and controlled by an almost immutable protocol the Bitcoin payment system is a platform with two main constituencies: users and profit-seeking miners who maintain the system’s infrastructure."
The Equifax Breach: What You Should Know - Krebs on Security - "But if ever there was a reminder that you — the consumer — are ultimately responsible for protecting your financial future, this is it. Here’s what you need to know and what you should do in response to this unprecedented breach."
ON THE WIRES
Rabobank introduces IBAN-Name Check - "The IBAN-Name Check allows customers to check the name of the beneficiary before the transfer is executed,’ says Alexander Zwart, Manager Online Access at Rabobank. ‘The check works with all Dutch IBANs. If the entered name differs from the registered account holder, the user can cancel the transfer."
Starling Bank’s Marketplace goes live with Flux as first integrated partner - "The Starling Marketplace is a brand new concept in banking whereby products from other fintech providers – and in the future lifestyle products – can sit within an easily browsed ecosystem all from within the app. These partners integrate with Starling Bank using their Open Banking and PSD2 compliant APIs."
STACK PARTNERS WITH MASTERCARD TO OFFER PREPAID CARDS WITHIN FINANCIAL SERVICES PLATFORM - "Stack provides users with an all-encompassing banking platform, offering financial services like mobile tap-to-pay, tracking spending, automated savings, and a rewards program for reaching financial goals. Stack has 20,000 Android users registered for the beta, which will onboard users this month."
Bank of Ireland Partners with WorldFirst to Launch Fast and Secure International Payments Service with No Transaction Fees in US - "Bank of Ireland Global Markets has today announced that it is expanding its U.S. customer offering by launching Bank of Ireland Global Payments – a foreign exchange and payments service in partnership with WorldFirst. This unique alliance between a FinTech company and a traditional bank will allow businesses in the U.S. to make fast and safe international payments with no transfer fees."
TNS Report Uncovers Significant Global Variances in ATM Usage - "The report, called Global Variances in ATM Usage, shares the results of a survey* which TNS commissioned early this year. It investigates, among other things, how frequently people used ATMs, whether they have used ATMs at mobile and temporary sites, whether they have used ATMs in other countries, and their willingness to pay ATM fees. It also explores the reasons why some chose not to use ATMs."
At Finovate: ATM Innovation for Emergency Assistance and Merchant Rebates - "With Mastercard Cash Pick-Up®, a bank can help an individual or company send money to anyone with a valid mobile phone number. A text message is sent to a recipient’s mobile telephone providing him or her with an order number, four-digit PIN and directions to the nearest branded ATM."
KBC launch new app to revolutionise account openings - "KBC Bank Ireland, Ireland’s digital-first bank, has launched a ground-breaking new mobile app for new customers. KBC’s app is the first of its kind, and works by allowing customers to open, activate and use their bank account at any time, within just five minutes."
GLENBROOK PAYMENTS EDUCATION EVENTS
Understanding the accelerating pace of change in the payments industry has never been more important. Get the knowledge you need fast at one of our two day Payments Boot Camps. Our one day Insight Workshops follow each Boot Camp and are deep dives into key topics. Take a discount for attending all three days. Here's our fall schedule:
Payments Boot Camp, October 3-4, 2017, San Jose, CA, Logistics
Payments Boot Camp, October 17-18, 2017, NYC, NY, Logistics
Payments Boot Camp, December 5-6, 2017, Palo Alto, CA, Logistics
Global Payments, October 5, 2017, San Jose, CA, Logistics
Digital Payments, October 19, 2017, NYC, NY, Logistics
Innovation in Payments, December 7, 2017, Palo Alto, CA, Logistics
For more, click here. We hope to see you soon!
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
Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews
Click here to share PaymentsNews with a friend
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: [email protected]!
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Headline News from PaymentsNews.com - September 8, 2017 http://ift.tt/2wPQw0p
Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments consulting and education services to payments professionals worldwide!
ON THE WEB
‘Not a Good Day’ at Equifax As Payment Implications Emerge from a Huge Data Hack - Digital Transactions News - "Thursday’s disclosure has driven the company’s stock down 17% in early trading and is likely to invite regulatory and investor scrutiny. Already, payments implications are emerging. Some 209,000 of the records compromised included credit card information, the company said, opening the possibility of scrutiny by the card industry and penalties under the Payment Card Industry data-security standard. "
EMVCo updates tokenization specification - NFC World - "Payments standards body EMVCo has updated its Payment Tokenisation Technical Framework to introduce the new roles of ‘token programme’ and ‘token user’, refine the roles of ‘token service provider’ and ‘token requestor’ and detail “their interrelationships within the global payments environment.”"
Zelle, a payment network backed by major US banks, is launching a standalone app - The Verge - "While the Zelle app won’t have social components like a share feed, comments, or a Like button, the company says it’s targeted toward users who value instantaneous transactions. Since the network works directly with banking partners, money can be transferred between accounts — regardless of bank affiliations — for free, and can be withdrawn in minutes. "
Blockchain startup R3 sues competitor Ripple - Reuters - "New York-based blockchain startup R3 Holdco LLC has sued rival company Ripple Labs Inc. over a contract to purchase Ripple’s digital currency XRP, according to a lawsuit filed in the Delaware Chancery Court on Friday."
VeriFone Inches Closer To Taxi Selloff While It Looks To Growth in Fiscal 2018 - Digital Transactions News - "“The taxi business is a very niche-specific business,” Galant said. “It actually has, I think, some good runway ahead of it. It needs the proper investment. It needs the proper focus. And I think there are a number of companies out there that would make a very good home for that business.”"
Report Casts Doubt on Future of China's Bitcoin Exchanges - Coindesk - "work group, have said the decision has not only been reached, but delivered and deployed to local authorities. The work group was first launched by China's State Department in 2016 to tackle market risks in the country's financial technology industry such as p2p lending. Located in the People’s Bank of China, it also consists of representatives from China’s banking and securities commissions."
Online authentication experts warn of cyber risks in EU proposals for PSD2 standards - Out-Law.com - "The Fast IDentity Online Alliance (FIDO Alliance) called on the European Commission (6-page / 182KB PDF) to rethink proposals it outlined earlier this year regarding new regulatory technical standards (RTS) on strong customer authentication and common and secure open standards of communications under the revised Payment Services Directive (PSD2)."
US Federal Reserve Hints at DLT Integration in New Report - Coindesk - ""[T]he Federal Reserve will consider other enhancements to its existing services and will continue to monitor, study and solicit input from stakeholders to understand the implications of new payment technologies and models, including distributed ledger technologies and digital currencies, that can facilitate a safe and efficient US payment system.""
ON THE WIRES
Federal Reserve outlines next steps for payment system improvement - "The Federal Reserve today published, Strategies for Improving the U.S. Payment System: Federal Reserve Next Steps in the Payments Improvement Journey, a paper identifying updated tactics it will pursue to help improve the speed, safety and efficiency of the U.S. payment system."
Bank of America Debuts New Mobile Tools Focused on Personalization - "Bank of America has one of the largest cardless-enabled ATM networks with 10,000 ATMs and growing, and our customers can now start an ATM withdrawal directly from their mobile banking app."
Chip-enabled merchants up; Counterfeit fraud down - "The transition to chip card technology in the U.S. continues to advance for both cardholders and merchants. As of the end of June 2017, 2.3 million U.S. merchant locations, 50 percent of storefronts, are chip enabled. And with more than 449 million Visa chip cards in the country, representing 62 percent of Visa cards, counterfeit fraud has continued to decline—58 percent at chip-enabled merchants in March 2017 when compared to March 2016."
GLENBROOK PAYMENTS EDUCATION EVENTS
Understanding the accelerating pace of change in the payments industry has never been more important. Get the knowledge you need fast at one of our two day Payments Boot Camps. Our one day Insight Workshops follow each Boot Camp and are deep dives into key topics. Take a discount for attending all three days. Here's our fall schedule:
Payments Boot Camp, October 3-4, 2017, San Jose, CA, Logistics
Payments Boot Camp, October 17-18, 2017, NYC, NY, Logistics
Payments Boot Camp, December 5-6, 2017, Palo Alto, CA, Logistics
Global Payments, October 5, 2017, San Jose, CA, Logistics
Digital Payments, October 19, 2017, NYC, NY, Logistics
Innovation in Payments, December 7, 2017, Palo Alto, CA, Logistics
For more, click here. We hope to see you soon!
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
Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews
Click here to share PaymentsNews with a friend
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: [email protected]!
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Headline News from PaymentsNews.com - September 7, 2017 http://ift.tt/2eNEzUb
Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments consulting and education services to payments professionals worldwide!
ON THE WEB
Jack Dorsey’s Square Makes a Move Into Banking - Wall Street Journal (Paywall) - "The San Francisco-based finance firm led by Jack Dorsey plans to submit an application on Thursday to form a wholly owned bank based in Utah, the company said. The unit, to be called Square Financial Services Inc. would offer loans and deposit accounts to small businesses and be capitalized with $56 million in cash."
How Zelle Banking App Is Different Than Venmo - International Business Times - "According to a recent Bank of America survey, only 20 percent of baby boomers and 10 percent of seniors use P2P services, compared to 62 percent of millennials. As a grandmother with two grown daughters, Alexander imagined sending her granddaughters money for gifts using Zelle. She wanted every generation to feel comfortable using the same app."
ICOs face regulatory scrutiny in a growing number of countries - Axios - "Initial coin offerings, or ICOs, have quickly become a popular alternative to traditional venture capital and project financing, but a growing number of regulators are pumping the brakes. Here's a country-by-country breakdown:"
A Simple Design Flaw Makes It Astoundingly Easy To Hack Siri And Alexa - Co.Design - "Using a technique called the DolphinAttack, a team from Zhejiang University translated typical vocal commands into ultrasonic frequencies that are too high for the human ear to hear, but perfectly decipherable by the microphones and software powering our always-on voice assistants. This relatively simple translation process lets them take control of gadgets with just a few words uttered in frequencies none of us can hear."
ON THE WIRES
Amazon Opens Search for Amazon HQ2 – A Second Headquarters City in North America - "Amazon today announced plans to open Amazon HQ2, a second company headquarters in North America. Amazon expects to invest over $5 billion in construction and grow this second headquarters to include as many as 50,000 high-paying jobs."
GLENBROOK PAYMENTS EDUCATION EVENTS
Understanding the accelerating pace of change in the payments industry has never been more important. Get the knowledge you need fast at one of our two day Payments Boot Camps. Our one day Insight Workshops follow each Boot Camp and are deep dives into key topics. Take a discount for attending all three days. Here's our fall schedule:
Payments Boot Camp, October 3-4, 2017, San Jose, CA, Logistics
Payments Boot Camp, October 17-18, 2017, NYC, NY, Logistics
Payments Boot Camp, December 5-6, 2017, Palo Alto, CA, Logistics
Global Payments, October 5, 2017, San Jose, CA, Logistics
Digital Payments, October 19, 2017, NYC, NY, Logistics
Innovation in Payments, December 7, 2017, Palo Alto, CA, Logistics
For more, click here. We hope to see you soon!
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
Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews
Click here to share PaymentsNews with a friend
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: [email protected]!
from Payments News - from Glenbrook Partners http://ift.tt/2eNEzUb via IFTTT
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Headline News from PaymentsNews.com - September 6, 2017 http://ift.tt/2eKNAxs
Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments consulting and education services to payments professionals worldwide!
ON THE WEB
eMarketer Releases Latest Estimates for US Proximity Mobile Payments - eMarketer - "eMarketer estimates the value of US proximity mobile payment transactions will total $49.29 billion in 2017, up 78.1% from last year. Though the growth rate will remain in double digits through the forecast period, it will slow down to 23.9% in 2021. That year, US consumers will use their mobile phones to pay for $189.97 billion worth of goods and services at a physical point of sale (POS)."
JPMorgan Chase and United are unveiling a new travel-rewards credit card — with a twist - Business Insider - "The two companies, which have worked together for more than 30 years, have teamed up to create the United TravelBank Card, a hybrid offering that marries cash-back rewards and travel perks. Unlike the Sapphire Reserve, the TravelBank Card is an attempt at mass appeal, shedding exclusivity in favor of simplified, pragmatic rewards payouts that market research showed a strong demand for, according to Leslie Gillin, president of Co-Brand Cards at Chase."
EMV-Accepting Merchant Locations Hit 2.3 Million in June, Visa Reports - Digital Transactions News - "The number of EMV chip card-accepting U.S. merchant locations reached 2.3 million in June, up from 2.02 million in March and an increase of 77% from 1.3 million in June 2016, according to new figures from Visa Inc."
The Cryptocurrency Singularity - Medium - "With cryptocurrencies, I define the singularity to be the point where the cryptocurrency becomes as stable against the US Dollar."
ON THE WIRES
MOBILE PAYMENTS RISE IN POPULARITY, REACHING TIPPING POINT IN SOME COUNTRIES, GLOBAL REPORT BY ACI WORLDWIDE FINDS - "On the eve of the third anniversary of the launch of Apple Pay, mobile wallet adoption is on the rise globally and consumers in the U.S. and Europe are catching up with those in fast-growing economies in Asia and Latin America where mobile wallets have already become the dominant payment platform, according to new benchmark data from the Global Consumer Survey: Consumer Trust and Security Perceptions published by ACI Worldwide and Aite."
Tesco unveils Tesco Pay+ - "Tesco has today announced that PayQwiq, the digital wallet app, is to be re-launched as Tesco Pay+. Further details about Tesco Pay+ will follow later in September. Launched in 2015, the PayQwiq digital wallet app allows customers to pay for their shopping in a simple and fast manner while at the same time collecting their Clubcard points."
STMicroelectronics Cooperating with MediaTek to Integrate Industry-Leading NFC Technology into Mobile-Platform Designs - "STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, has announced the integration of its contactless NFC technology with MediaTek's mobile platforms. This creates a complete solution for handset developers to design next-generation smartphones capable of supporting tightly integrated NFC mobile services."
GLENBROOK PAYMENTS EDUCATION EVENTS
Understanding the accelerating pace of change in the payments industry has never been more important. Get the knowledge you need fast at one of our two day Payments Boot Camps. Our one day Insight Workshops follow each Boot Camp and are deep dives into key topics. Take a discount for attending all three days. Here's our fall schedule:
Payments Boot Camp, October 3-4, 2017, San Jose, CA, Logistics
Payments Boot Camp, October 17-18, 2017, NYC, NY, Logistics
Payments Boot Camp, December 5-6, 2017, Palo Alto, CA, Logistics
Global Payments, October 5, 2017, San Jose, CA, Logistics
Digital Payments, October 19, 2017, NYC, NY, Logistics
Innovation in Payments, December 7, 2017, Palo Alto, CA, Logistics
For more, click here. We hope to see you soon!
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
Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews
Click here to share PaymentsNews with a friend
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: [email protected]!
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Headline News from PaymentsNews.com - September 5, 2017 http://ift.tt/2eHIFNO
Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments consulting and education services to payments professionals worldwide!
ON THE WEB
Alibaba debuts ‘smile to pay’ facial recognition payments at KFC in China - TechCrunch - "Alibaba’s Ant Financial affiliate launched the ‘smile to pay’ service in Hangzhou, the location of the company’s global HQ, where it is being trialled with KFC. As the video from Ant below shows, the payment process doesn’t require a smartphone, assuming that the customer has already signed up for the Alipay app and enabled facial recognition. A 3D camera located at the point-of-sale scans the customer’s face to verify their identity, while there is a phone number verification option for additional security."
Ant Financial plans Alipay feature to connect merchants and customers - China Daily - "Ant Financial Services Group, operator of China's largest e-wallet Alipay, announced on Wednesday it will roll out a local commerce feature to better connect merchants and customers using big data analysis. The 'Life Account', embedded in the Alipay app, allows its 520 million users to search nearby merchants, receive discount coupons, make appointments and conduct payments, said Fang Fei, an Alipay director overseeing the new function."
Bitcoin Debit Cards Halt Service to Non-European Residents Due to Visa’s New Rules - Bitcoin.com - "Four bitcoin Visa debit cards are suspending service to non-European residents due to Visa’s new licensing restrictions. BTCC and Bitwala have joined Xapo and Shakepay to stop debit card service to users who reside outside of the Visa European payment network."
ON THE WIRES
The contactless revolution ten years on: two-thirds of Brits now tap to pay - "Ten years on from the introduction of contactless cards in the UK, Visa’s annual Digital Payments study released today reinforces the country’s leading position in driving contactless payments. The study of 2,000 consumers in the UK shows that two-thirds (66%) of Brits have used contactless cards to make a payment since they were introduced in September 2007."
Payment News: NXT-ID Subsidiary FitPay to Power Garmin Pay™ on Garmin® vivoactive® 3 Smartwatch - "The new feature, called Garmin Pay™ enables consumers to make contactless payments at near-field communication-enabled (NFC) point-of-sale (POS) locations, adding a powerful new feature to one of the most complete smartwatches on the market for the active consumer. "
Payza Introduces Full Bitcoin Wallet Functionality for All Account Holders - "Payza, an award-winning payments technology company, is proud to announce the launch of its latest cryptocurrency feature: Cryptocurrency Address Manager. This new feature enables all Payza members to generate and manage cryptocurrency addresses from within their Payza accounts."
GLENBROOK PAYMENTS EDUCATION EVENTS
Understanding the accelerating pace of change in the payments industry has never been more important. Get the knowledge you need fast at one of our two day Payments Boot Camps. Our one day Insight Workshops follow each Boot Camp and are deep dives into key topics. Take a discount for attending all three days. Here's our fall schedule:
Payments Boot Camp, October 3-4, 2017, San Jose, CA, Logistics
Payments Boot Camp, October 17-18, 2017, NYC, NY, Logistics
Payments Boot Camp, December 5-6, 2017, Palo Alto, CA, Logistics
Global Payments, October 5, 2017, San Jose, CA, Logistics
Digital Payments, October 19, 2017, NYC, NY, Logistics
Innovation in Payments, December 7, 2017, Palo Alto, CA, Logistics
For more, click here. We hope to see you soon!
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
Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews
Click here to share PaymentsNews with a friend
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: [email protected]!
from Payments News - from Glenbrook Partners http://ift.tt/2eHIFNO via IFTTT
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Headline News from PaymentsNews.com - August 30, 2017 http://ift.tt/2gql98t
Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments consulting and education services to payments professionals worldwide!
ON THE WEB
PayPal launches its first cash back credit card to boost PayPal usage in stores - TechCrunch - "PayPal is today launching a new credit card, the PayPal Cashback MasterCard – its first card to offer shoppers direct cash back on purchases, instead of points that vary by category. The card, introduced in partnership with Synchrony Financial, will offer 2 percent back on purchases, with no annual fee, no minimum redemption amount, no restrictions on how to spend cash rewards, and no expiration, the company says."
American Express Hopes to Lure Millennials With Two New Budget-Savvy Features - Fortune - "On Wednesday, the No. 1 U.S. card issuer by spending will roll out a feature that will allow customers to borrow for big purchases like furniture, medical expenses, airplane tickets or weddings, while separating those balances from everyday items like $2 cups of coffee."
Visa moves to kill PINs by pushing Aussie banks towards biometric authentication - Financial Review - "Consumers will soon be able to forget about PINs and frustratingly long 16-digit card numbers when shopping online and in the real world, as Visa moves to make Australian banks build infrastructure and put in place policies to empower biometrically-authenticated transactions."
Payments Council to create common QR code for Singapore - Singapore Business Review - "The newly established Payments Council formed an industry taskforce to develop a common QR code for Singapore (SGQR). According to the Monetary Authority of Singapore (MAS), it will co-lead the SGQR with the Info-communications Media Development Authority (IMDA). Stakeholders in the SGQR include banks, payment schemes, QR payment service providers, and relevant government agencies."
Paytm launches payments bank on iOS app Read more at: http://ift.tt/2wJf79B - Economic Times - "Paytm Payments Bank was launched in May with a branch in Noida, and the company had said it will expand to 31 branches and 3,000 customer service points in the first year. "Paytm Payments Bank is building India's first world-class digital bank and aims to build a new business model in the banking industry that is focused on bringing financial services to underserved and unserved customers," the spokesperson said. "
ON THE WIRES
Blackhawk Network Acquires CashStar for $175 million; Establishes a Leadership Position in First-Party Digital Gift Card Market; Transaction is Accretive to Adjusted EPS for 2018 - "The acquisition strengthens Blackhawk’s position in the emerging digital gift card market and establishes Blackhawk as a leading provider in the fast growing first-party digital gift card market. The first-party gift card market transaction dollar volume is estimated in excess of $100 billion with digital being the fastest-growing segment of that market."
Earn 2% Cash Back with the PayPal Cashback Mastercard - "Today, we are introducing the PayPal Cashback Mastercard in partnership with Synchrony Financial, the best 2% cash back credit card available with no annual fee and a straightforward, best-in-class approach to earning and redeeming cash rewards"
GLENBROOK PAYMENTS EDUCATION EVENTS
Understanding the accelerating pace of change in the payments industry has never been more important. Get the knowledge you need fast at one of our two day Payments Boot Camps. Our one day Insight Workshops follow each Boot Camp and are deep dives into key topics. Take a discount for attending all three days. Here's our fall schedule:
Payments Boot Camp, October 3-4, 2017, San Jose, CA, Logistics
Payments Boot Camp, October 17-18, 2017, NYC, NY, Logistics
Payments Boot Camp, December 5-6, 2017, Palo Alto, CA, Logistics
Global Payments, October 5, 2017, San Jose, CA, Logistics
Digital Payments, October 19, 2017, NYC, NY, Logistics
Innovation in Payments, December 7, 2017, Palo Alto, CA, Logistics
For more, click here. We hope to see you soon!
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
Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews
Click here to share PaymentsNews with a friend
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: [email protected]!
from Payments News - from Glenbrook Partners http://ift.tt/2gql98t via IFTTT
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Headline News from PaymentsNews.com - August 29, 2017 http://ift.tt/2vosTi4
Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments consulting and education services to payments professionals worldwide!
ON THE WEB
E-Payments Can't Dethrone Cash in Asia - Bloomberg - "The dominant role of cash in Asia is only slowly being eroded by other payment methods, according to a survey of 4,000 consumers in seven Asian markets commissioned by PayPal Holdings Inc. "
Fitbit unveils Ionic smartwatch with Mastercard, Visa, AmEx and Starbucks payments support - NFC World - "Fitness wearable maker Fitbit has launched Ionic, a smartwatch that will combine health and fitness functions with the ability to make contactless Visa, Mastercard and American Express payments as well as payments using the wearer’s Starbucks Card account."
Target and Cartwheel apps merge ahead of mobile payments launch - TechCrunch - "Target is attempting to simplify its mobile app strategy by merging its more popular Cartwheel savings app into the main Target app, before eventually closing Cartwheel for good. "
Seventy Percent of Millennials Have Made an In-App Purchase in the Past Year, Study Finds - Digital Transactions News - "The recently released “2017 U.S. Mobile App Report” from Internet metrics firm comScore Inc. found that 23% of adult smart-phone-owning respondents ages 18 to 34 years old—Millennials—had made 12 or more in-app purchases in the past year. Another 23% had made five to 11 in-app purchases."
Tech Firms Team Up to Take Down ‘WireX’ Android DDoS Botnet - Krebs on Security - "A half dozen technology and security companies — some of them competitors — issued the exact same press release today. This unusual level of cross-industry collaboration caps a successful effort to dismantle ‘WireX,’ an extraordinary new crime machine comprising tens of thousands of hacked Android mobile devices that was used this month to launch a series of massive cyber attacks."
ON THE WIRES
OCBC BANK LAUNCHES MOBILE KEYBOARD TO ENABLE CASHLESS PAYMENTS DIRECTLY FROM ANY MOBILE APP - "OCBC Bank has launched a mobile keyboard that allows customers to make peer-to-peer payments without having to exit their current mobile applications. The OCBC Keyboard can be used within any mobile app or browser – for instance, within Facebook, Whatsapp, Instagram or Chrome – to send money instantly to anyone with a bank account in Singapore, including those who have not yet registered for PayNow. "
GLENBROOK PAYMENTS EDUCATION EVENTS
Understanding the accelerating pace of change in the payments industry has never been more important. Get the knowledge you need fast at one of our two day Payments Boot Camps. Our one day Insight Workshops follow each Boot Camp and are deep dives into key topics. Take a discount for attending all three days. Here's our fall schedule:
Payments Boot Camp, October 3-4, 2017, San Jose, CA, Logistics
Payments Boot Camp, October 17-18, 2017, NYC, NY, Logistics
Payments Boot Camp, December 5-6, 2017, Palo Alto, CA, Logistics
Global Payments, October 5, 2017, San Jose, CA, Logistics
Digital Payments, October 19, 2017, NYC, NY, Logistics
Innovation in Payments, December 7, 2017, Palo Alto, CA, Logistics
For more, click here. We hope to see you soon!
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
Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews
Click here to share PaymentsNews with a friend
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: [email protected]!
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Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments consulting and education services to payments professionals worldwide!
ON THE WEB
The CFPB Didn’t Play Nice, So a Judge Tosses Its Claims Against Merchant Acquirers - Digital Transactions News - "After chastising the Consumer Financial Protection Bureau for way it handled itself in its 2015 lawsuit against allegedly fraudulent debt collectors and their payment processors, a federal judge on Friday threw out the CFPB’s claims against the processors. "
Shopify's E-Commerce Empire is Growing in Amazon's Shadow - Bloomberg - "The Canadian company provides websites, payments, shipping and more for 500,000-plus online merchants and, less than three years after going public, has a market cap of $10 billion—making it roughly the size of Twitter Inc. or Square Inc."
Managing Our Hub Economy - Harvard Business Review - "The global economy is coalescing around a few digital superpowers. We see unmistakable evidence that a winner-take-all world is emerging in which a small number of “hub firms”—including Alibaba, Alphabet/Google, Amazon, Apple, Baidu, Facebook, Microsoft, and Tencent—occupy central positions. While creating real value for users, these companies are also capturing a disproportionate and expanding share of the value, and that’s shaping our collective economic future."
The Banking Industry’s Approach to Customer Segmentation Is Broken (Here’s Why) - The Financial Brand - "For decades, financial marketers relied on customer segmentation models built around basic demographic data. But simplistic demographics such as age, income, and education are poor predictors of actual consumer behavior. Instead, banks and credit unions should segment consumers by their level of digital sophistication and financial acumen, then tailor products, services, and delivery channels accordingly."
China's JD.com invests in Indonesia's Go-Jek amid SE Asia push - sources - Reuters - "JD.com Inc has invested in Indonesian ride-hailing startup Go-Jek, people familiar with the matter told Reuters, in the latest move by China’s second-largest e-commerce firm to tap growth in Southeast Asian mobile-based services."
Is Your Mobile Carrier Your Weakest Link? - Krebs on Security - "More online services than ever now offer two-step authentication — requiring customers to complete a login using their phone or other mobile device after supplying a username and password. But with so many services relying on your mobile for that second factor, there has never been more riding on the security of your mobile account. "
I was hacked - TechCrunch - "At about 9pm on Tuesday, August 22 a hacker swapped his or her own SIM card with mine, presumably by calling T-Mobile. This, in turn, shut off network services to my phone and, moments later, allowed the hacker to change most of my Gmail passwords, my Facebook password, and text on my behalf. All of the two-factor notifications went, by default, to my phone number so I received none of them and in about two minutes I was locked out of my digital life."
ON THE WIRES
GasBuddy Unveils First-of-its-Kind Gasoline Savings Program Giving U.S. Drivers a Discount on Virtually Every Gallon of Gas They Will Ever Pump - "GasBuddy, the only smartphone app connecting nearly 70 million drivers with their Perfect Pit Stop, today unveiled Pay with GasBuddy, a new payment service that provides U.S. drivers with a discount off of virtually every gallon of gas they will ever purchase."
GLENBROOK PAYMENTS EDUCATION EVENTS
Understanding the accelerating pace of change in the payments industry has never been more important. Get the knowledge you need fast at one of our two day Payments Boot Camps. Our one day Insight Workshops follow each Boot Camp and are deep dives into key topics. Take a discount for attending all three days. Here's our fall schedule:
Payments Boot Camp, October 3-4, 2017, San Jose, CA, Logistics
Payments Boot Camp, October 17-18, 2017, NYC, NY, Logistics
Payments Boot Camp, December 5-6, 2017, Palo Alto, CA, Logistics
Global Payments, October 5, 2017, San Jose, CA, Logistics
Digital Payments, October 19, 2017, NYC, NY, Logistics
Innovation in Payments, December 7, 2017, Palo Alto, CA, Logistics
For more, click here. We hope to see you soon!
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
Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews
Click here to share PaymentsNews with a friend
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: [email protected]!
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Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments consulting and education services to payments professionals worldwide!
ON THE WEB
InComm enters into exclusive-rights agreement with American Express - Atlanta Business Chronicle - "Amex will remain the card issuer and network for prepaid reloadable and gift card products, while InComm, a prepaid card and transaction services provider, becomes the program manager and processor. InComm also announced that it is acquiring the Serve technology platform and other assets related to the American Express Company (NYSE: AXP) prepaid reloadable and gift card products business. The Serve technology platform expands InComm’s processing capabilities."
Ford to Look Beyond Credit Scores in Sales Push - Wall Street Journal (Paywall) - "Ford Credit is among the largest U.S. lenders to say that it is looking at using alternative methods of underwriting, beyond the traditional factors that are mostly centered around credit reports. “No financial services firm would take that decision lightly,” says Jim Moynes, vice president of risk management at Ford Credit."
Ezetap, racing against bigger rivals like Paytm, just raised $16 million in fresh funding - TechCrunch - "Ezetap and its ilk, which were once seen as innovators, are quickly becoming mainstream, with Indians being forced to switch to electronic payments quickly. The company’s biggest challenge now: capturing market share as fast as possible from its better-known and more richly funded regional competitors, including the Alibaba and SoftBank-backed outfit Paytm, whose parent company was recently valued at $7 billion; and MobiKwik, which reportedly raised around $35 million earlier this month from the non-bank finance company Bajaj Auto Finance."
Introducing The ‘Connected’ Associate: The Future Salesperson - Business Computing World UK - "Modern retailers should therefore focus on the new, connected associate. This next generation of salespeople combines characteristics of the good old sales advisor (expertise and a personable manner) with knowledge of how to fulfill the needs of young shoppers and digital natives. "
How ACH works: A developer perspective - Part 1 - Gusto Engineering blog (2014) - "At Gusto, we rely heavily on the ACH network. For example, when a company runs payroll, we’ll use the ACH network to debit the company’s account to fund their employee’s pay. Once we’ve received these funds from the company, we’ll again use the ACH network to initiate credits into each of the employee’s accounts to pay them for their hard work. Today, our systems seamlessly move millions of dollars through the ACH system on a daily basis."
Fourth Annual Data Breach Preparedness Study - Experian - "Each year the number of companies experiencing a data breach increases. In this year’s study, 52 percent of companies represented in this study had a breach, an increase from 49 percent last year, and 66 percent of respondents say their organization had multiple breaches."
Why It’s Still A Bad Idea to Post or Trash Your Airline Boarding Pass - Krebs on Security - "In What’s In a Boarding Pass Barcode? A Lot, KrebsOnSecurity told the story of a reader whose friend posted a picture of a boarding pass on Facebook. The reader was able to use the airline’s Web site combined with data printed on the boarding pass to discover additional information about his friend. That data included details of future travel, the ability to alter or cancel upcoming flights, and a key component need to access the traveler’s frequent flyer account."
ON THE WIRES
Bridg Raises $11 Million in Series B Funding From Morpheus Ventures, March Capital, Visa and NextEquity - "Bridg, the first marketing software company to leverage point-of-sale data to drive precision-marketing campaigns for restaurant and retail brands, announced today that it has secured $11 million in Series B Funding. The financing was led by Morpheus Ventures, with participation from new investors NextEquity Partners and Visa, as well as returning investor March Capital."
GLENBROOK PAYMENTS EDUCATION EVENTS
Understanding the accelerating pace of change in the payments industry has never been more important. Get the knowledge you need fast at one of our two day Payments Boot Camps. Our one day Insight Workshops follow each Boot Camp and are deep dives into key topics. Take a discount for attending all three days. Here's our fall schedule:
Payments Boot Camp, October 3-4, 2017, San Jose, CA, Logistics
Payments Boot Camp, October 17-18, 2017, NYC, NY, Logistics
Payments Boot Camp, December 5-6, 2017, Palo Alto, CA, Logistics
Global Payments, October 5, 2017, San Jose, CA, Logistics
Digital Payments, October 19, 2017, NYC, NY, Logistics
Innovation in Payments, December 7, 2017, Palo Alto, CA, Logistics
For more, click here. We hope to see you soon!
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
Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews
Click here to share PaymentsNews with a friend
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: [email protected]!
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Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments consulting and education services to payments professionals worldwide!
ON THE WEB
Why I believe the US State Department is wrong about mobile money in Africa - Banking Technology - "The US Department of State recently released a report that identified mobile money services as particularly susceptible to money laundering in Africa. It cites services like M-PESA and M-Shwari as “services [that] remain vulnerable to money laundering activities”."
China’s Mobile-Payment Food Fight - Wall Street Journal (Paywall) - "China’s leading internet search company, Baidu, has decided its food delivery business is, well, not delivering. The company said Thursday it would sell its Waimai unit to Ele.me, a rival backed by e-commerce giant Alibaba."
COMMENTARY: How Honor-All-Wallets Policies Are Hobbling Contactless Payments by Mark Horwedel - Digital Transactions News - "The Merchant Advisory Group has long warned its members about the many pitfalls associated with the global card brands’ contactless initiatives, but none of these initiatives conjures up more concerns than their honor-all-devices/wallets policies."
10 Reasons Why Central Banks Will Miss the Cryptocurrency Renaissance - Coindesk - "Eugéne Etsebeth is an ex-central banker who was employed as a technologist at the South African Reserve Bank from 2013 to 2017. During his time at the reserve bank, he notably chaired the virtual currency and distributed ledger working group. In this opinion piece, Etsebeth outlines why he believes central banks won't be able to adapt to innovations in cryptocurrency, arguing they simply aren't set up to compete with sea changes in technology."
Australia blames bitcoin for rise in organised crime - Finextra - "The Australian authorities are especially concerned that e-commerce businesses and bitcoin exchanges are helping to facilitate organised crime due to the lack of transparency around the transactions and the use of encryption, potentially enabling criminal activity and tax evasion."
America Wasted $160 Million Trying to Get Afghanistan to Use E-Payments - Motherboard - "Between 2009 and 2017, USAID spent $160 million and partnered American tech companies to set up e-pay in Afghanistan, according to a new report from the Special Inspector General for Afghanistan Reconstruction (SIGAR). The goal was to get the border guards trained and using the new methods, with an aim of 75 percent of all customs transactions paid electronically by 2017."
ON THE WIRES
American Express Resolves Regulatory Review of Products in U.S. Territories That Varied from Its Continental U.S. Offerings - "American Express Company (NYSE:AXP) agreed with the Consumer Financial Protection Bureau (CFPB) to resolve issues that grew out of a previously disclosed internal review of its card product offerings in Puerto Rico, the U.S. Virgin Islands (PRVI) and the Pacific Territories. A consent order was signed by the CFPB, American Express Centurion Bank and American Express Bank, FSB. "
Control Enhances Fraud Prevention Capabilities Through Stripe Radar - "Since 2014, Control, a leader in transaction analytics for subscription and commerce business, has partnered with Stripe to offer merchants alerts and transaction analytics on iOS, Android, and a Web-based app. Today Control has expanded the details merchants can acquire from the Stripe API on their mobile and desktop dashboard."
VoltDB Unveils Real-time Predictive Fraud Detection & Prevention - "VoltDB, the enterprise-class database that powers mission-critical applications, today introduced the industry's first database to enable real-time predictive fraud detection and prevention. With User Defined Function (UDF) support for SQL, VoltDB v7.6 enables enterprises to accelerate the identification and prevention of fraud before a transaction is complete, drastically reducing risk and enhancing the customer's overall brand experience."
GLENBROOK PAYMENTS EDUCATION EVENTS
Understanding the accelerating pace of change in the payments industry has never been more important. Get the knowledge you need fast at one of our two day Payments Boot Camps. Our one day Insight Workshops follow each Boot Camp and are deep dives into key topics. Take a discount for attending all three days. Here's our fall schedule:
Payments Boot Camp, October 3-4, 2017, San Jose, CA, Logistics
Payments Boot Camp, October 17-18, 2017, NYC, NY, Logistics
Payments Boot Camp, December 5-6, 2017, Palo Alto, CA, Logistics
Global Payments, October 5, 2017, San Jose, CA, Logistics
Digital Payments, October 19, 2017, NYC, NY, Logistics
Innovation in Payments, December 7, 2017, Palo Alto, CA, Logistics
For more, click here. We hope to see you soon!
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
Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews
Click here to share PaymentsNews with a friend
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: [email protected]!
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Headline News from PaymentsNews.com - August 23, 2017 http://ift.tt/2wF0iEo
Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments consulting and education services to payments professionals worldwide!
ON THE WEB
Wal-Mart and Google Partner to Challenge Amazon - Wall Street Journal (Paywall) - "Wal-Mart said Wednesday that next month it will join Google’s online-shopping marketplace, Google Express. While the deal will add hundreds of thousands of Wal-Mart items to Google Express, it will also give Wal-Mart access to voice ordering. The deal won’t alter how consumers receive their orders, because Wal-Mart will fulfill purchases made through Google Express."
Accumulated payments with Samsung Pay surpass W10tr - Korea Herald - "Accumulated payments made with Samsung Pay surpassed 10 trillion won ($8.77 billion) in two years since the mobile payment service was launched, Samsung Electronics said Sunday. "
Bank of America applies AI to streamline client payment processing - Finextra - "The application is designed for large or complex companies that manage a large volume of payments where the remittance information is either missing or received separately from the payment."
FIS and Equifax unveil OnlyID - Planet Biometrics - "The firms say OnlyID is an identity verification solution that provides a higher level of account protection and personal control through a single, secure digital log-in, consisting of the consumer’s thumbprint or another unique identifier."
How popular are mobile payments in Canada, anyway? - America Retail - "Only 12 per cent of Canadian smartphone owners have used their phones to make an NFC payment, according to Visa Inc. Numbers like that indicate mobile payment technology isn’t catching on with Canadians to the extent that its most bullish supporters believe, but interviews with executives from Visa, the Interac Association, Mastercard Inc., Moneris Solutions, Toronto-Dominion Bank, and Royal Bank of Canada (RBC) suggest the platform is likely to grow."
$150 Billion: Total Cryptocurrency Market Cap Hits New All-Time High - Coindesk - "Overall, the figure indicates that the cryptocurrency market continues to grow at a steady pace. At $154 billion, the market is up 13 percent over the last seven days, 67 percent over the last month and an astounding 1,240 percent year-over-year."
Identity fraud in the UK at 'epidemic' levels as cases rise 5% – report - The Register - "There were almost 90,000 cases of identify fraud recorded in the first six months of 2017 – 5 per cent higher than the first half of last year, according to data released today. Fraud prevention firm Cifas, which released the figures, said identity fraud was rising at record levels and now accounts for more than half of all fraud reported by its members."
Cargo Mobile Vending Machines Serve On-The-Go Uber, Lyft Riders - Retail Touch Points - "Ridesharing platforms such as Uber and Lyft have become major disruptors in public transportation, and one company wants to leverage their popularity to offer passengers products such as phone chargers, beauty products and M&Ms while in transit."
ON THE WIRES
Fiserv Tablet Technology Enables Secure Instant Card Issuance in Branch Differentiator for Financial Institutions - "Instant Issue Advantage wireless tablet technology enables a teller, such as those at First Alliance Credit Union, based in Rochester, Minn., to greet and verify member identity in the lobby then provide them with a tablet to conveniently access information and instantly receive a permanent MasterCard® branded EMV® debit card. Credit union executives have found Instant Issue Advantage: Tablet from Fiserv to be a particular differentiator. "
FIS and Equifax Unveil OnlyID, Advanced Protection Against Financial Fraud and Identity Theft - "The two companies jointly offer OnlyID, an identity verification solution that provides a higher level of account protection and personal control through a single, secure digital log-in, consisting of the consumer’s thumbprint or another unique identifier. This identity solution, which can be used across multiple accounts, will be offered by financial institutions and e-retailers who participate in the OnlyID Network. "
GLENBROOK PAYMENTS EDUCATION EVENTS
Understanding the accelerating pace of change in the payments industry has never been more important. Get the knowledge you need fast at one of our two day Payments Boot Camps. Our one day Insight Workshops follow each Boot Camp and are deep dives into key topics. Take a discount for attending all three days. Here's our fall schedule:
Payments Boot Camp, October 3-4, 2017, San Jose, CA, Logistics
Payments Boot Camp, October 17-18, 2017, NYC, NY, Logistics
Payments Boot Camp, December 5-6, 2017, Palo Alto, CA, Logistics
Global Payments, October 5, 2017, San Jose, CA, Logistics
Digital Payments, October 19, 2017, NYC, NY, Logistics
Innovation in Payments, December 7, 2017, Palo Alto, CA, Logistics
For more, click here. We hope to see you soon!
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
Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews
Click here to share PaymentsNews with a friend
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: [email protected]!
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Headline News from PaymentsNews.com - August 22, 2017 http://ift.tt/2wBQnPZ
Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments consulting and education services to payments professionals worldwide!
ON THE WEB
Beyond Fintech: A Pragmatic Assessment Of Disruptive Potential In Financial Services - World Economic Forum - "Our findings suggest that fintechs have materially changed the basis of competition in financial services, but have not yet materially changed the competitive landscape. They play a critical role in defining the pace and direction of innovation across the sector but have struggled to overcome the scale advantages of large financial institutions."
Face ID Described as iPhone 8's 'Crown Jewel', Unlocking Device in 'A Few Hundred Milliseconds' - Macrumors - " The front-facing 3D sensor on Apple's upcoming iPhone 8 will be the device's "crown jewel," able to unlock the iPhone 8 in a "few hundred milliseconds" to give users quick access to their smartphone and quickly authenticate Apple Pay purchases. "
Berlin-based Home is an app to help landlords manage properties and improve the rental experience - TechCrunch - "As it stands, the publicly-released version of the iOS and Android app lets landlords automatically tracks rent payments — via connecting to 3,000 or so German banks — as well as being alerted to late or missing payments, and continuously monitoring the value of properties. However, in a call, co-founder and CEO Thilo Konzok said that the vision is much bigger: to provide the best housing experiences for tenants and landlords alike."
How TD Ameritrade tackles security in Facebook Messenger chatbot (Paywall) - American Banker - "Authentication is one key. TD Ameritrade uses three-legged OAuth to allow clients to log into their own accounts on Facebook Messenger. If a customer taps “Account,” she’s presented with a login screen that asks for her user name and password. Behind the scenes, TD Ameritrade is also using device ID to verify her identity. The customer can then view her portfolio, order status, balances and positions."
ON THE WIRES
Trio of Online Subscriptions Experts – Digital River, Adobe and McAfee – Offer Webinar Sharing Insider’s Take on How to Build Recurring Revenue Channels - "Digital River, Inc., a leading global provider of Commerce-as-a-Service solutions, announced a free 60-minute webinar, offering high-tech brands an action plan for managing and growing online subscription businesses. Digital River will be joined by Adobe, its event co-host, and McAfee, its long-time client and one of the world’s leading cybersecurity companies. The three companies, widely recognized for their deep subscriptions expertise, will give an insider’s view on what it takes to build profitable recurring revenue channels."
Payroc Launches iOS and Android Mobile Point-of-Sale Solution - "Payroc LLC, a leading merchant services and payment processing organization, today announced the launch of iTransact® Mobile Merchant, a mobile point-of-sale (mPOS) solution enabling anytime, anywhere payment acceptance from iOS and Android devices. iTransact Mobile Merchant is now available for App Store or Google Play download. A compact EMV chip and magnetic stripe card reader with Bluetooth connectivity is also available. The solution will be marketed through the company’s nationwide network of trusted referral partners, as well as direct to retailers."
GLENBROOK PAYMENTS EDUCATION EVENTS
Understanding the accelerating pace of change in the payments industry has never been more important. Get the knowledge you need fast at one of our two day Payments Boot Camps. Our one day Insight Workshops follow each Boot Camp and are deep dives into key topics. Take a discount for attending all three days. Here's our fall schedule:
Payments Boot Camp, October 3-4, 2017, San Jose, CA, Logistics
Payments Boot Camp, October 17-18, 2017, NYC, NY, Logistics
Payments Boot Camp, December 5-6, 2017, Palo Alto, CA, Logistics
Global Payments, October 5, 2017, San Jose, CA, Logistics
Digital Payments, October 19, 2017, NYC, NY, Logistics
Innovation in Payments, December 7, 2017, Palo Alto, CA, Logistics
For more, click here. We hope to see you soon!
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
Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews
Click here to share PaymentsNews with a friend
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: [email protected]!
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Headline News from PaymentsNews.com - August 21, 2017 http://ift.tt/2ws8GYG
Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments consulting and education services to payments professionals worldwide!
ON THE WEB
At 2 Million Downloads, Chicago’s Transit System Sees an Appetite for Mobile Payment - Digital Transactions News - "A pioneering mobile-payment wallet for mass transit has reached a milestone. Chicago’s Ventra app has been downloaded more than 2 million times since it became available in November 2015, according to an announcement Monday from Cubic Transportation Systems, the San Diego-based company that developed the app. Commuters have bought almost $250 million in fares on the app in that time, Cubic added."
Despite Obstacles, U.S. Contactless Payments Will Reach 34% in Five Years, Forecaster Says - Digital Transactions News - "t’s what some may consider a bold forecast for contactless payments in the United States, but Juniper Research is predicting that, by 2022, 34% of electronic payments will be contactless, up from less than 2% in 2017."
Bitcoin miners are making nearly $7 million a day - Quartz - CHART
Why Your Face Will Soon Be the Key to All Your Devices - Wall Street Journal (Paywall) - "Forget fiddling with passwords or even fingerprints; forget multiple layers of sign-in; forget credit cards and, eventually, even physical keys to our homes and cars. A handful of laptops and mobile devices can now read facial features, and the technique is about to get a boost from specialized hardware small enough to fit into our phones."
Youtap launches QR codes - Mobile Payments Today - "Youtap product enables customer-initiated or merchant-initiated QR code payments for smartphones and smart point-of-sale devices. The product conforms to the BharatQR industry standard developed by Bharat, MasterCard and Visa."
Barclays adds Siri voice payments to mobile banking app - Mobile Payments Today - "Barclays has become the first U.K. high street bank to launch payments using Apple's virtual assistant, Siri, enabling customers to make payments using their voice. "
Google Tests Subscription Tool for Publishers - Bloomberg - "Google’s latest foray arrives on three fronts. The first is a revamp of its feature, called “first click free,” that allows readers to access articles from subscription publications through search. Google is also exploring publishers’ tools around online payments and targeting potential subscribers. It’s all part of Google’s broader effort to keep consumers and content-makers returning to the web, the lifeblood of its ads business."
Real-time payments in play as Fiserv acquires Dovetail - Finextra - "In the US, the Dovetail platform provides a direct gateway to the bank-backed Zelle mobile money network and The Clearing House's real-time payment scheme, while in Europe the product is fine-tuned for connection to the EU-wide SCT Inst scheme and EBA Clearing architecture as well as the UK's Faster Payments programme. "
What code is running on Apple's Secure Enclave security chip? Now we have a decryption key... - The Register - "Apple's Secure Enclave, an ARM-based coprocessor used to enhance iOS security, became a bit less secure on Thursday with the publication of a firmware decryption key. The key does not provide access to the Secure Enclave Processor (SEP). Rather, it offers the opportunity to decrypt and explore the otherwise encrypted firmware code that governs it, affording security researchers and other curious types a chance to learn more about how the technology works."
Identity Thieves Hijack Cellphone Accounts to Go After Virtual Currency - New York Times (Paywall) - "Hackers have discovered that one of the most central elements of online security — the mobile phone number — is also one of the easiest to steal. In a growing number of online attacks, hackers have been calling up Verizon, T-Mobile U.S., Sprint and AT&T and asking them to transfer control of a victim’s phone number to a device under the control of the hackers."
Heat become first NBA team with mobile-only entry - ESPN - "The Miami Heat announced Thursday that fans who attend home games this upcoming season will only be able to get through the gate with tickets on their phones."
ON THE WIRES
Fiserv Moves to Reinvent Payments Infrastructure with Acquisition of Dovetail - "Fiserv, Inc. (NASDAQ:FISV), a leading global provider of financial services technology solutions, today announced it has acquired Dovetail Group Limited, a leading provider of bank payments and liquidity management solutions. This acquisition further enables Fiserv to help financial institutions around the world transform their payments infrastructure to meet the evolving needs of wholesale, commercial and retail customers. Financial terms were not disclosed."
Juniper Research: Contactless to Account for More Than 1 in 2 POS Transactions Globally by 2022 - "The new research, POS & mPOS Terminals: Vendor Strategies, Positioning & Market Forecasts 2017-2022, found that adoption in the US would rise sharply over the period, with contactless rising from less than 2% of transactions this year to 34% by 2022. It argued that customer dissatisfaction at the slower speeds of chip card transactions, allied to burgeoning contactless infrastructure, would provide further impetus for smartphone-based payments currently dominated by Apple Pay."
GLENBROOK PAYMENTS EDUCATION EVENTS
Understanding the accelerating pace of change in the payments industry has never been more important. Get the knowledge you need fast at one of our two day Payments Boot Camps. Our one day Insight Workshops follow each Boot Camp and are deep dives into key topics. Take a discount for attending all three days. Here's our fall schedule:
Payments Boot Camp, October 3-4, 2017, San Jose, CA, Logistics
Payments Boot Camp, October 17-18, 2017, NYC, NY, Logistics
Payments Boot Camp, December 5-6, 2017, Palo Alto, CA, Logistics
Global Payments, October 5, 2017, San Jose, CA, Logistics
Digital Payments, October 19, 2017, NYC, NY, Logistics
Innovation in Payments, December 7, 2017, Palo Alto, CA, Logistics
For more, click here. We hope to see you soon!
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
Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews
Click here to share PaymentsNews with a friend
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: [email protected]!
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Headline News from PaymentsNews.com - August 17, 2017 http://ift.tt/2fNChVp
Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments consulting and education services to payments professionals worldwide!
ON THE WEB
Apple and PayPal have started to disable payment support from websites selling white nationalist and Nazi apparel - BuzzFeed - "On Wednesday, Apple confirmed to BuzzFeed News that it had disabled Apple Pay support for a handful of websites that sold sweaters with Nazi logos, T-shirts emblazoned with the phrase “White Pride,” and a bumper sticker showing a car plowing into stick figure demonstrators. Following Saturday’s Charlottesville demonstrations, where one woman was killed by a car driven by a white nationalist, the iPhone-maker blocked three white nationalist sites from using Apple Pay."
Mastercard Targets Mexico City, Where Cash Is King - Bloomberg (VIDEO) - "Mexico City is joining major cities across the globe by taking its first step toward cashless public transportation. Or at least Mastercard hopes so. This November, the card company will introduce a contactless, transit-enabled debit card for Mexico City’s Metro, the Sistema de Transporte Colectivo, allowing riders tap-and-go payment tied to their bank accounts. It’s an effort by Mastercard to capture millions of daily cash transactions while helping the government promote broader participation in the financial system."
Outback Franchisee Adding More Ziosk Tabletop POS Locations - Digital Transactions News - "Ziosk, a tabletop point-of-sale system owned by Tabletop Media LLC, said Wednesday that more than 100 Outback Steakhouse restaurant locations in the Southwest will use its devices."
Wirecard supports Singtel’s roll out of virtual Visa card - Finextra - "Singtel Dash is currently Singapore’s most widely accepted all-in-one digital wallet. The mobile payments platform, which allows customers to shop, pay transport fares and remit money, is part of Singtel’s strategy to transform Southeast Asia’s biggest phone carrier into a leading communications technology company by investing into digital and cyber security businesses."
The Token Effect - Yccombinator blog - "Cryptocurrencies and tokens are becoming increasingly popular. In this post, we’ll explore the context that triggered this frenzy, the new possibilities tokens unlock, and why people are excited about its future."
Trezor — security glitches reveal your private keys! - Medium - "As we all know, a few weeks ago there was a presentation about Trezor “glitches cause stitches” attacks at DEFCON 25. These attacks are possible because Trezor is using non-secure chips made by STMicroelectronics. "
Simple lays off 33 employees as top executives depart banking company - GeekWire - "“We have been acting like a bank instead of a technology company,” he wrote. “And that changes today.”"
Alipay continues its aggressive expansion with Yelp partnership - Business Insider - "Alipay, the Chinese mobile wallet, has partnered with Yelp to give its massive user base access to Yelp’s local business content when traveling in select US cities, according to Finextra."
Alibaba’s Revenue Surges, Fueled by Consumer Demand - Wall Street Journal (Paywall) - "The Chinese e-commerce giant posted adjusted earnings per share of $1.17 in the three months ended June, up 65% from a year ago. Quarterly revenue rose 56% from the year-earlier period to $7.4 billion, beating estimates of analysts surveyed by S&P Global Market Intelligence."
Shipping company Maersk says June cyberattack could cost it up to $300 million - CNBC - "Maersk first announced that it had been hit by NotPetya — a ransomware attack that prevented people from accessing their data unless they paid $300 in bitcoin — in late June. Merck and WPP also said NotPetya had affected operations."
ON THE WIRES
Trends in Consumer Mobility Report - "Our Bank of America Trends in Consumer Mobility Report explores timely mobile trends and forward-looking consumer behaviors that increasingly impact our everyday lives. The latest iteration includes the youngest generation – Generation Z – to better understand the future of mobile and the next era of banking."
Alpha Payments Cloud and Australia Post Launch Joint Venture: A Commerce Hub for the Nation - "ACH aims to transform the Australian digital commerce industry by providing vendors with the opportunity to expose their solutions instantly to thousands of Australian merchants as well as Payment Service Providers (PSP’s), helping to evolve PSP’s into vendor enablement platforms."
Digital Payment Platforms Primed to Topple Cash - "According to the recent U.S. Bank Cash Behavior Survey, 47 percent of consumers surveyed say they prefer the use of digital apps to make payments versus cash (45 percent). Breaking the results down by generations, 49 percent of millennials (aged 19-36), 44 percent of Generation X (aged 37-52), and 32 percent of baby boomers (aged 53-71) have made digital payments. That number is expected to grow with Zelle, a new P2P payments network that offers a fast, safe and easy alternative to checks and cash, says Gareth Gaston, executive vice president of Omnichannel at U.S. Bank."
Cayan Adds EMV Certification with Worldpay - "Cayan has announced it has achieved chip card certification with Worldpay US, a global leader in payments processing technology and solutions. Cayan's new certification marks the latest in a series of EMV certifications, including Chase, Vantiv, First Data and Elavon, solidifying Cayan's processor agnostic approach. "
GLENBROOK PAYMENTS EDUCATION EVENTS
Understanding the accelerating pace of change in the payments industry has never been more important. Get the knowledge you need fast at one of our two day Payments Boot Camps. Our one day Insight Workshops follow each Boot Camp and are deep dives into key topics. Take a discount for attending all three days. Here's our fall schedule:
Payments Boot Camp, October 3-4, 2017, San Jose, CA, Logistics
Payments Boot Camp, October 17-18, 2017, NYC, NY, Logistics
Payments Boot Camp, December 5-6, 2017, Palo Alto, CA, Logistics
Global Payments, October 5, 2017, San Jose, CA, Logistics
Digital Payments, October 19, 2017, NYC, NY, Logistics
Innovation in Payments, December 7, 2017, Palo Alto, CA, Logistics
For more, click here. We hope to see you soon!
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
Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews
Click here to share PaymentsNews with a friend
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: [email protected]!
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Headline News from PaymentsNews.com - August 16, 2017 http://ift.tt/2uPvhKr
Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments consulting and education services to payments professionals worldwide!
ON THE WEB
Last Year Saw Double-Digit Drops in Fraud Rates for Debit Issuers, Pulse Study Says - Digital Transactions News - "The fraud-loss rate for signature-debit transactions fell 30% from 2015’s 2.6 cents per transaction to 1.8 cents in 2016, after increasing 18% from 2014 to 2015. For PIN-debit transactions, the fraud-loss rate decreased 25% to 0.6 cents from 2015’s 0.8 cents."
Making Sense of the Emerging Technology Pipeline - Wall Street Journal CIO Journal blog - "There is a full pipeline of emerging technologies that could change the way companies do business, but the pace of adoption is very much an open question. A new report from Gartner Research Inc. finds some order amid the chaos, gauging which technologies are most likely to enter the mainstream in the near-term and long-term. First up: virtual reality, with some forms of artificial intelligence, augmented reality and blockchain a few steps behind."
New report suggests app makers should charge more if they want people to buy subscriptions - The Verge - "The Liftoff report, which analyzed data gathered between June 2016 and June 2017, categorized app subscriptions into low-cost monthly subs ($0.99 to $7), medium ($7 to $20), and high-cost subs ($20 to $50), while also factoring the cost of acquisition per customer. The company found that apps in the medium price range had the highest conversion rate — 7.16 percent — and the lowest cost to acquire a subscriber, at just over $106 dollars. This was five times higher than the rate of people who subscribed to apps when the apps were in the low-cost category."
Capital One eliminates 400 call center jobs from Rolling Meadows office - Chicago Tribune - "The cuts will come from the company's service operations, which support the credit card call center, spokesman Sie Soheili said Wednesday in an email. Investments in digital tools have improved customer service, allowing people to resolve issues themselves, Soheili said. "Even while our business has continued to grow, call volumes continue to decrease as customers increasingly self-service through a mix of our digital tools and contact center calls," he said."
APIs as infrastructure: future-proofing Stripe with versioning - Stripe blog - "An API represents a contract for communication that can’t be changed without considerable cooperation and effort. Because so many businesses rely on Stripe as infrastructure, we’ve been thinking about these contracts since Stripe started. To date, we’ve maintained compatibility with every version of our API since the company’s inception in 2011. In this article, we’d like to share how we manage API versions at Stripe."
Bank issues primary school kids with NFC smartwatches that let them make payments and track pocket money - NFC World - "Singapore’s POSB bank has provided 6,000 primary school children with smartwatches equipped with fitness tracking and mobile payments capabilities in a bid to “teach students how to save and spend wisely by helping them track their savings and spending habits digitally.”"
ON THE WIRES
Report | 2017 Mobile Payment Usage in China - "Chinese consumers spent US$5.5 trillion via mobile payment platforms last year, about 50 times more than their American counterparts. By the end of 2016, Tencent alone saw its active mobile payment accounts exceed 600 million users per month and average payment transactions also exceed 600 million transactions per day. The cashless lifestyle is now becoming a reality in China. "
Flywire Offers Summertime Deal for International Tuition Payments with Mastercard - "SYDNEY, Australia, Aug. 16, 2017 (GLOBE NEWSWIRE) -- Flywire is providing students and their families discounted prices on cross-border tuition payments made with Mastercard this school season. The offer is available now to international students originating from 11 countries and attending any school around the world that offers Flywire as a preferred method for international tuition payments. The program will help students and families take a small bite out of the high cost of education while benefitting from the global reach and safety and security of Mastercard."
EasyPark Delivers Seamless Digital Gifting Experience with CashStar Commerce - "As the only Canadian parking firm to operate on its own mobile app, EasyPark recognizes the importance of providing its customers with a seamless digital experience. With the CashStar Commerce platform, EasyPark provides easy-to-use forms of digital payments to cater to the on-the-go lifestyles of its customers, such as the company’s FlexPass option that offers customers a 10 percent savings when used to purchase parking. Consumers no longer have to carry around a physical card and can instead enter a card number, stored on their smartphone, into the terminal."
NEW LITTLE CAESARS® RESERVE-N-READY™ SERVICE TRANSFORMS THE WAY CUSTOMERS PICK UP PIZZA - "In keeping with the convenience Little Caesars is known for, the new RESERVE-N-READY™ service is aimed at helping customers have an easier and faster way to get pizza. Customers just place an order and pre-pay via the Little Caesars mobile app. The app will notify the customer when the order is ready. When the customer arrives at the store, they skip the line and go directly to the Pizza Portal and input a 3-digit pin or scan a QR code. Then, the door on the customer’s secured compartment opens, and they take their hot, fresh order. It’s that easy."
GLENBROOK PAYMENTS EDUCATION EVENTS
Understanding the accelerating pace of change in the payments industry has never been more important. Get the knowledge you need fast at one of our two day Payments Boot Camps. Our one day Insight Workshops follow each Boot Camp and are deep dives into key topics. Take a discount for attending all three days. Here's our fall schedule:
Payments Boot Camp, October 3-4, 2017, San Jose, CA, Logistics
Payments Boot Camp, October 17-18, 2017, NYC, NY, Logistics
Payments Boot Camp, December 5-6, 2017, Palo Alto, CA, Logistics
Global Payments, October 5, 2017, San Jose, CA, Logistics
Digital Payments, October 19, 2017, NYC, NY, Logistics
Innovation in Payments, December 7, 2017, Palo Alto, CA, Logistics
For more, click here. We hope to see you soon!
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
Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews
Click here to share PaymentsNews with a friend
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: [email protected]!
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Headline News from PaymentsNews.com - August 15, 2017 http://ift.tt/2i1dw8M
Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments consulting and education services to payments professionals worldwide!
ON THE WEB
Beijing’s public transport system gets an app for paying fares — but Apple isn’t invited - TechCrunch - "Already Tencent’s WeChat Pay and Alibaba’s Alipay services dominate China’s mobile payment space, which is estimated to have processed $3 trillion last year, but now Apple has missed out being part of what is sure to be a very convenient usage case. The Financial Times reports that Beijing’s public transport payments company Yikatong launched an app for ‘most’ Android devices that allows commutes to ditch their physical card and pay fares via their phone."
Square founder Jack Dorsey talks bitcoin and says blockchain is the ‘next big unlock’ - The Verge - "If you’ve been hearing or reading a lot about blockchain but you still aren’t entirely certain how to define it, you’re not alone. It’s something that Jack Dorsey, the chief executive officer and chairman of Square (and CEO of Twitter), describes as the “next big unlock,” something that, he notes, is normally applied to accounting terms but has the potential to “be applied to so much more.”"
Americans Love Ordering Pizza on Facebook - Bloomberg Technology - "Last month, TGI Fridays began letting customers foot the bill using their Amazon accounts. And pizza chains are locked in an escalating battle to adopt new ordering methods -- a contest that involves chat bots, voice-activated devices and social networks. Papa John’s International Inc. went to so far as to declare itself an “e-commerce company” this month after delivering surprisingly strong results."
Community banks stand to gain from blockchain — if they work together - American Banker BankThink column - "Technologists are also using blockchain to try to replace our needlessly difficult residential mortgage loan origination processes so that the process, from application to closing, can be reduced from a few weeks to a few days. Blockchain can also serve banks in the realm of the Bank Secrecy Act — where a distributed ledger can allow banks to share information on a publicly accessible (yet secure) platform."
Mobile Wallets Facing Competition From The Website / Card Combination - Payment Week - "While there was a lot made out of mobile payment systems in India following the recent demonetization effort that saw around 80 percent of the country’s currency rendered worthless, it turns out that mobile wasn’t the first stop for many users. Reports note that mobile wallets did see some hefty gains, but the big winner turned out to be the combination of cards and websites."
Amazon Macie helps businesses protect their sensitive data in the cloud - TechCrunch - "The company says the fully managed service uses machine learning to monitor how data is accessed and to look for any anomalies. "
ON THE WIRES
Factor4 Announces Integration With Click a Waiter POS System - "Factor4, LLC, the leading provider of gift card and loyalty solutions to the SMB marketplace, has integrated its software platform with Click a Waiter Inc. Click a Waiter's innovative POS system features online and Facebook ordering solutions."
GLENBROOK PAYMENTS EDUCATION EVENTS
Understanding the accelerating pace of change in the payments industry has never been more important. Get the knowledge you need fast at one of our two day Payments Boot Camps. Our one day Insight Workshops follow each Boot Camp and are deep dives into key topics. Take a discount for attending all three days. Here's our fall schedule:
Payments Boot Camp, October 3-4, 2017, San Jose, CA, Logistics
Payments Boot Camp, October 17-18, 2017, NYC, NY, Logistics
Payments Boot Camp, December 5-6, 2017, Palo Alto, CA, Logistics
Global Payments, October 5, 2017, San Jose, CA, Logistics
Digital Payments, October 19, 2017, NYC, NY, Logistics
Innovation in Payments, December 7, 2017, Palo Alto, CA, Logistics
For more, click here. We hope to see you soon!
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
Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews
Click here to share PaymentsNews with a friend
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: [email protected]!
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Headline News from PaymentsNews.com - August 14, 2017 http://ift.tt/2hYkiw7
Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments consulting and education services to payments professionals worldwide!
ON THE WEB
Barclaycard pilots Alipay payments in eight retail stores across UK - Banking Technology - "Barclaycard is launching a pilot that enables merchants in the UK to accept in-store Alipay transactions. The pilot will commence on 14 August 2017 in eight retail stores across the UK, with Barclaycard providing the POS solution for payments via Alipay."
LaterPay brings its media payment technology to the US - TechCrunch - "LaterPay, meanwhile, is supposed to make the payment process as frictionless as possible. Users don’t even have to enter any payment information when they buy their first piece of content — they don’t have to make a purchase at all until their bill reaches $5. As a result, the company says that 78 percent of article purchases made through the LaterPay platform take 10 seconds or less."
SEPA instant payments threaten card schemes in Europe - Cards International - "Real time payments are already live in some domestic markets, and from November 2017, SEPA instant payments will be available across Europe. This cross border payments facility comes as a challenge to card schemes, as it represents the creation of a pan-European alternative to cards."
M-Pesa founder shares lessons learned from ten years of mobile money - NFC World - "“There are three key lessons we have learned,” Joseph says. “First, a supportive regulatory framework for enabling payments is essential in any market where you plan to launch services. Second, the service itself needs to be reliable, simple and accessible, delivered through a well-trained, widespread agent distribution network. Finally — and perhaps most importantly of all — for your service to be adopted, your customers need to trust your brand with their money."
Bitcoin just passed $4,000 - TechCrunch - "So what happens next? No one knows. Bitcoin could crash 50% to $2,000 tomorrow or spike to $5,000 – and I don’t think anyone who truly knows crypto would be surprised at either option. Everyone has a different opinion – some say the bubble is oversized and should have popped months ago – others think that bitcoin is currently just a fraction of what it could eventually trade at."
ON THE WIRES
ALDI Delivers to Your Door With New Instacart Partnership - "ALDI products for delivery in as little as one hour. Starting later this month, ALDI will launch the service in Atlanta, Dallas and Los Angeles, with potential for future expansion."
GLENBROOK PAYMENTS EDUCATION EVENTS
Understanding the accelerating pace of change in the payments industry has never been more important. Get the knowledge you need fast at one of our two day Payments Boot Camps. Our one day Insight Workshops follow each Boot Camp and are deep dives into key topics. Take a discount for attending all three days. Here's our fall schedule:
Payments Boot Camp, October 3-4, 2017, San Jose, CA, Logistics
Payments Boot Camp, October 17-18, 2017, NYC, NY, Logistics
Payments Boot Camp, December 5-6, 2017, Palo Alto, CA, Logistics
Global Payments, October 5, 2017, San Jose, CA, Logistics
Digital Payments, October 19, 2017, NYC, NY, Logistics
Innovation in Payments, December 7, 2017, Palo Alto, CA, Logistics
For more, click here. We hope to see you soon!
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
We're hiring! Passionate about payments? Love solving tough client problems? If that describes you, come join us! Click here to learn more!
Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews
Click here to share PaymentsNews with a friend
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: [email protected]!
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