Headline News from PaymentsNews.com – May 4, 2016

Written by Payments News Editor on May 4th, 2016. Posted in 21, Affirm, Android Pay, Apple, Apple Pay, BBVA, Bitcoin, Blockchain, Card Issuers, Card Reward Programs, Card Technology, Datacard, ECommerce Payments, EMV, Faster Payments, Financial Fraud, FIS, Glenbrook, I2C, Microsoft, Mobile Payments, Payments News - Headline News, Payments Views, Prepaid Cards, Vantiv, Virtual Currency

ON THE WEB

  • Five Answers – Sort of – to the Big Questions on Blockchain and Bitcoin - PaymentsViews.com (Carol Coye Benson) - "I’m back from two days at Consensus 2016 in NYC, and reporting as promised into my investigation of the Five Big Questions."
  • 21 Inc Unveils Plan to Make Every Computer a Bitcoin Computer - CoinDesk - "Freely available, the software allows any connected device to join the 21 network, enabling connectivity with the 21 Marketplace and providing capabilities that were previously only available to owners of the 21 Bitcoin Computer."
  • Financial fraud targeting older adults often involves appeals to emotions like anger, excitement - Stanford News - “When emotionally aroused, either excited or frustrated, older adults may be more susceptible to being victimized by scammers than are younger individuals,” said Ian H. Gotlib, the David Starr Jordan Professor of Psychology and chair of the Stanford Psychology Department. “In the present study, they were more likely to want to pay for an item advertised misleadingly, regardless of how credible they believed the advertisement was.”
  • Faster Payments: Is Same-Day Fast Enough? - FIS Payments Leader - "Markets around the world have been rolling out real-time payment systems over the last decade. But is the instant gratification from true real-time payments the only solution for unmet consumer and corporate needs? Would same-day payments meet most, if not all, of the same needs?"

ON THE WIRES

  • Kohl’s Charge and Yes2You Rewards Now Easy as One Tap in Apple Pay - “Kohl’s is blending the physical and digital shopping experiences in more ways than ever before. Offering conveniences to Kohl’s customers that make it easy for them – like a seamless one-tap checkout in Apple Pay that integrates our value-driven Yes2You Rewards loyalty program – is one of the ways that we are leading as an omnichannel retailer,” said Ratnakar Lavu, Kohl’s chief technology officer.
  • Android Pay and Samsung Pay now available for BBVA Compass cardholders - "In today's fast paced world, it's imperative that we ensure our customers' need for convenience is kept at the forefront," said BBVA Compass Director of Payments Ryan Kraynick. "Android Pay and Samsung Pay are payment options that may make customers' lives a little easier."
  • i2c Expands Platform-Level Payment Control Features - "With card controls features integrated in our platform, issuers can more easily provide consumers with customizable features like real-time alerts that give them immediate updates on critical account information like suspicious transactions," said Lisa Fugate, vice president, credit processing, at i2c. "i2c was the first payment processor to offer card controls, and industry adoption has confirmed their value to issuers and cardholders."
  • Affirm Appoints eBay Executive Carl Gish as Company’s First Chief Marketing Officer - “eBay notwithstanding, the kind of skills and know-how Carl built while developing the Dove Real Beauty campaign for Unilever, and as Dyson’s North American CMO, is exactly the deep consumer brand marketing expertise and talent Affirm needs in its next wave of growth,” said Affirm Chief Executive Officer (CEO) Max Levchin.
  • Entrust Datacard Achieves Instant Issuance Milestone – Over 10 Million EMV Chip Cards Instantly Issued within the U.S. in One Year - "Giving consumers the ability to walk into a branch location to immediately receive an EMV card has helped turn a consumer experience from negative to positive."
  • Nuspay Selects Microsoft Azure for Next-Gen Digital Currency Platform - "The Nuspay Digital Currency (NDC) cryptocurrency ecosystem was engineered to meet and exceed the current and future challenges facing governments, central banks, monetary authorities and enterprises seeking to deploy digital currency. Additionally Nuspay is in the process of developing an international digital currency exchange with planned sites in Singapore and the Caribbean."
  • 3dcart Now Offers Comprehensive Vantiv Payment Processing Integration to Online Stores - “3dcart is committed to creating tight integrations with the best eCommerce partners on the market, and the results of those initiatives help provide online merchants with access to diverse payment processing options,” said 3dcart CEO Gonzalo Gil.

GLENBROOK PAYMENTS EDUCATION EVENTS

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

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

UPDATES FROM GLENBROOK

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

Headline News from PaymentsNews.com – April 1, 2016

Written by Payments News Editor on April 1st, 2016. Posted in Amazon Payments, Blackhawk Network, Card Technology, EMV, Green Dot, India, MasterCard, Payments News - Headline News

ON THE WEB

ON THE WIRES

  • MasterCard Sees Continued Momentum in U.S. EMV Adoption - “Chip technology is an essential upgrade to better protect consumers and businesses,” said Catherine Murchie, senior vice president of North American Enterprise Security Solutions for MasterCard. “Other countries that have already adopted chips have seen significant reductions in counterfeit card fraud over time – as much as 60, 70 or even 80 percent. The U.S. industry continues to work together on EMV to generate similar results.”
  • Blackhawk Network Acquires Extrameasures - "Extrameasures' corporate incentive programs are complementary to our incentives portfolio and will enhance Blackhawk's leadership position in both the corporate and the consumer promotions markets," said Talbott Roche, Blackhawk Network's CEO and president.
  • Green Dot Successfully Completes Next Wave of Its Processor Migration Project - "Green Dot Corporation today announced that it successfully migrated an additional 15 million account files to the MasterCard Payment Transaction Services (PTS) processing platform during the second planned conversion wave which was completed earlier this month."

GLENBROOK PAYMENTS EDUCATION EVENTS

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

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

UPDATES FROM GLENBROOK

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

Headline News from PaymentsNews.com – March 18, 2016

Written by Payments News Editor on March 18th, 2016. Posted in 21, Amazon Payments, Bitcoin, Card Technology, Faster Payments, Mobile Payments, Oberthur, p2p - Person to Person Payments, Payments News - Headline News, The Clearing House

ON THE WEB

  • Amazon’s Ingenious Plot to Take Over Your Living Room - Slate Moneybox Blog - "Together, the announcements make it clear that Amazon views Alexa as more than just a nifty way to control your speakers and TV. Rather, the company sees an opportunity to make Alexa a sort of voice-powered command center for your household—a gateway to all your connected devices."
  • 21 Inc’s Bitcoin Vision Becomes Clearer With Announcement of Ping21 - Bitcoin Magazine - "Ping21 essentially takes advantage of 21’s network of devices to process various requests in exchange for Bitcoin. This first service offered by the network allows web developers to see whether a specific device or server is online or experiencing connectivity issues."

ON THE WIRES

  • D+H and The Clearing House Partner to Provide Real-Time Payments - "We are excited to work with D+H, which has extensive experience in connecting its customers with faster payment products," says Steve Ledford, SVP of Product and Strategy at The Clearing House. "D+H is a leader in the payments industry with a vast network of financial institution clients, so this partnership is an important milestone as we work toward delivering a ubiquitous real-time payment system."
  • P2P Payments: over 300,000 Users for “Jiffy” - "23 bank groups, of which 4 since the beginning of 2016, have subscribed to SIA’s “Person to Person” (P2P) payments service since its launch on the Italian market."
  • Lucova Brings Mobile Order & Pay to Campuses Across North America - "Lucova Inc. has partnered with major food service providers in the market, to help campuses across North America deliver a mobile friendly dining experience for students. Through Lucova Campus, a Bluetooth powered mobile application and marketing platform, specifically designed for the higher education segment, students benefit from speed, convenience and personalization all under one solution."
  • Oberthur Technologies Consumer Research Shows 80% Want Dynamic Security Code Protection to Fight Online Fraud - "The static printed code (CVV) is replaced by a mini-screen that displays an automatically refreshed code generated by an algorithm (dynamic CVV) every hour and does not add any steps to an online purchase. If the card data is stolen, it becomes useless within the next hour."

GLENBROOK PAYMENTS EDUCATION EVENTS

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

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

UPDATES FROM GLENBROOK

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

Headline News from PaymentsNews.com – February 16, 2016

Written by Payments News Editor on February 16th, 2016. Posted in ACI Worldwide, Amazon Payments, Banking Industry, Blackhawk Network, Blockchain, Card Fraud, Card Issuers, Card Technology, EMV, Faster Payments, Federal Reserve, Financial Regulators, Gift Cards, Glenbrook, India, Payments News - Headline News, Payments Views, PayPal, UK, Venmo

ON THE WEB

  • Payments and the Internet of Things - PaymentsViews.com (Russ Jones) - "Does the Internet of Things need its own payment method? Probably not. I think the Internet of Things feels more like a new use case for existing payment methods than a new segment looking for its own unique payment methods."
  • The Great EMV Fake-Out: No Chip For You! - Krebs on Security - "Why are so many chip-capable checkout terminals already installed that have not been enabled to actually accept chip cards? Allen Weinberg, co-founder of Menlo Park, Calif. based management consulting firm Glenbrook Partners, examined this very question in a recent column that pointed to several factors holding retailers back from enabling dip-the-chip."
  • Fed's Kashkari Floats Breaking Up Big Banks to Avert Meltdown - Bloomberg - "He said options to consider include breaking up big banks, forcing large banks to hold so much capital they resemble “public utilities” and taxing leverage in the financial system to alleviate risks."
  • IBM's New Blockchain Bet Targets Next Wave of Financial Services - Bloomberg - "Working with Japan Exchange Group Inc., International Business Machines Corp. next month will start testing the distributed ledger technology that underpins bitcoin."
  • Is the banking industry about to have its 'Uber moment'? - Guardian - "When the standard is launched, possibly next year, customers will be free to empower any financial services provider to access their accounts so applying for mortgages and loans will not mean photocopying bank statements."
  • Why Wall Street Is Embracing the Blockchain—Its Biggest Threat - Wired - "In other words, if DTCC wants to embrace the blockchain, that’s a sure sign that Wall Street itself wants to embrace the blockchain."
  • A Billion Dollars Was Transferred Over Venmo In January - BuzzFeed - "The $1 billion in transfers is more than 2.5 times the volume seen in January 2015, and ten times as much as January 2014."
  • India: Moving a Billion People into Digital Finance - Fintech Ranking - "To help improve India’s digital future, the United States Agency for International Development (USAID) conducted a study identifying ways to ensure the success of Narendra Modi’s national mission for financial inclusion. The report, “Digital Finance – Beyond Cash”, examines the current behaviors and perceptions of digital payments in low-income communities in India and suggests ways to accelerate the adoption of digital payments."

ON THE WIRES

  • Amazon to acquire EMVANTAGE Payments - "EMVANTAGE has developed a series of payment solutions including a payment gateway, mobile payment solutions and pre-paid card solutions. The acquisition of EMVANTAGE will help Amazon accelerate the development of convenient and trust worthy payment solutions for customers and the ecommerce industry in India. As part of this acquisition, EMVANTAGE's employees will join Amazon's payments team to develop innovative payment products and solutions specifically for the Indian market."
  • ACI Worldwide to Connect to The Clearing House’s Real-Time Payment System in the U.S. - "We are excited to have ACI join those supporting our real-time payment initiative,” said Steve Ledford, senior vice president, Products and Strategy, TCH. "Many of our members and customers rely on ACI solutions and the addition of a real-time payments access capability will assist in ensuring accessibility, convenience and ubiquity to develop innovative new business models through real-time payments."
  • Cardpool Mobile Wallet Application Now Available in iTunes Store - "Cardpool users are savvy shoppers who use the service to save—from major, one-time transactions to everyday purchases," said Patrick Ramsey, general manager, Cardpool. "Now, the Cardpool app allows our users to seamlessly complete the money-saving experience by purchasing a discounted gift card that's quickly delivered to their mobile wallet for redemption using their mobile phone."
  • SafetyPay sees global growth, expanding its presence in Latin America - "The company has added new functionalities to existing products, and incorporated solutions into its portfolio such as, payment via internet banking; payment in cash; a phone sales solution; transacting payments for individuals and companies through the banking network, and batch solutions for recurring payments."

GLENBROOK PAYMENTS EDUCATION EVENTS

Here's a quick reminder that we have two of our Glenbrook payments education events coming up later this month - both in Palo Alto, California - 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.

EVENTS

UPDATES FROM GLENBROOK

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

Headline News from PaymentsNews.com – February 8, 2016

Written by Payments News Editor on February 8th, 2016. Posted in Apple, Apple Pay, Bitcoin, Card Technology, China, Contactless Payments, Elavon, EMV, Near Field Communication (NFC), p2p - Person to Person Payments, Payments News - Headline News, Square

ON THE WEB

ON THE WIRES

EVENTS

UPDATES FROM GLENBROOK

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

Headline News from PaymentsNews.com – December 3, 2015

Written by Payments News Editor on December 3rd, 2015. Posted in Banking Industry, Bitcoin, Card Technology, CFPB, Credit Cards, Debit Cards, EMV, Financial Regulators, Global Payments, India, Innovation, Payments News - Headline News, Umpqua Bank

On the Web

  • How Backpage Is Different from Choke Point - Credit Slips (Adam Levitin) - "The truth is that Backpage has little in common with Operation Choke Point beyond the hydraulic regulatory idea of regulating a payments processor to regulate the recipient of the payments."
  • Credit-Card Rules Have Cut $16 Billion in Fees: Report - Wall St. Journal - "The biannual industry survey released Thursday by the Consumer Financial Protection Bureau said consumers saved more than $7 billion in credit-card late fees between 2011 and 2014."
  • Goldman Sachs: 'The Blockchain can change... well everything' - Business Insider - "While the Bitcoin hype cycle has gone quiet, Silicon Valley and Wall Street are betting that the underlying technology behind it, the Blockchain, can change... well everything."

On the Wires

  • CFPB Finds CARD Act Helped Consumers Avoid More Than $16 Billion in Gotcha Credit Card Fees - “The CARD Act has helped people avoid more than $16 billion in gotcha credit card fees,” said CFPB Director Richard Cordray. “The law made it easier for consumers to evaluate costs and risks by eliminating the worst back-end pricing practices in the market. There is more work to do. But with commonsense rules in place, credit cards are safer and more affordable, credit is more available, and companies remain profitable with improved customer satisfaction.”
  • Umpqua Holdings Corporation Creates New Subsidiary, Pivotus Ventures, Inc. - Pivotus will be headquartered in California’s Silicon Valley. “Like all industries, banking must evolve quickly to adapt to changing consumer behaviors and technologies. In collaboration with like-minded organizations, Pivotus will be focused on creating new digital models that accelerate growth, add accretive revenue and enhance the customer experience across all channels,” said Ray Davis, president and CEO of Umpqua Holdings Corporation. “By bringing together the expertise of companies nationally and internationally, Pivotus will be uniquely positioned to develop and scale industry-changing innovation quickly and effectively.”
  • Axis Bank Launches Display Debit Card for NRE Customers - Commenting on the launch, Rajiv Anand, Group Executive & Head Retail Banking at Axis Bank said “We are proud to be the first Indian bank to introduce Display Debit cards for our customers. The launch of the new card further reinforces our commitment to improving customer experience by deploying cutting-edge technology solutions that provide both security and convenience.”
  • Global Payments Offers a Full Range of EMV Certified Mobile Solutions - "We continue to provide our customers access to a suite of payments technology solutions designed to be the most secure in the industry," stated Frank T. Young, SVP, Global Product and Innovation. “As we lead with innovative point-of-sale solutions, we're pleased to be among the first to market a full range of EMV certified mobile solutions delivering exceptional functionality.”

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!

Headline News from PaymentsNews.com – September 30, 2015

Written by Payments News Editor on September 30th, 2015. Posted in Card Technology, Contactless Payments, Debit Cards, EMV, Glenbrook, Interchange Fees, JCB, JP Morgan Chase, MasterCard, Payments News - Headline News, Payments Views, Verifone

It's Time to Register! Upcoming Payments Boot Camps!

  • Glenbrook's fall season of payments education kicks off in October with two sessions of our Payments Boot Camp - one in the San Francisco Bay Area on October 13-14 and the other in New York City on October 20-21. Glenbrook's Russ Jones is now leading this important payments education curriculum - he'd love to meet you at one of these sessions. Contact Russ directly if you have any questions.

On the Web

  • My Half Life in Payments - PaymentsViews.com (Scott Loftesness) - "...it dawned on me that 2015 was my 30th anniversary year in the payments industry."

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!

Headline News from PaymentsNews.com – July 8, 2015

Written by Payments News Editor on July 8th, 2015. Posted in Adyen, American Express, Apple, Apple Pay, Authentication, Barclays, Bill Payment, Biometrics, Capital One, Card Technology, Chase Card Services, Datacard, Digital River, EMV, Fiserv, JP Morgan Chase, Mobile Coupons, Mobile Payments, Monitise, Payments News - Headline News, Payoneer, US Bank, Vantiv, Visa Europe

On the Web:

On the Wires:

  • Digital River Teams up with Global Mass Payments Provider Payoneer - "We’re excited about working with Digital River to help meet the growing demands of their merchants. Payoneer’s all-in-one mass payout services are an exciting complement for Digital River merchants challenged with the complexities of global payouts,” said Scott Galit, Payoneer’s CEO. “Payoneer is fully committed to helping Digital River clients capitalize on international market opportunities by enabling them to pay globally as easily as they do locally.”
  • Capital One Teams with Vantiv to Enhance Payment Processing Solutions for Merchant Services Customers - "Capital One is committed to providing the most innovative technologies to our business customers," said Colleen Taylor, executive vice president, head of Treasury Management and Enterprise Payments, Capital One Bank. "By partnering with Vantiv, our clients will now benefit from Vantiv's industry-leading payment tools and services, which are designed to help them focus on what they do best - running and growing their businesses."
  • Ink from Chase Unveils New Design and Enhanced Features of Mobile Application - “The new Ink app was designed with one goal in mind: to simplify backend office management for small business owners so they can focus on their business,” said Laura Miller, President, Business Card at Chase. “By giving small business owners the ability to easily, quickly and more efficiently manage their finances and the financial activity of their employees, they have more time to focus on their passion and grow their small business.”
  • U.S. Bank Selects Biller Advantage from Fiserv to Enable Business Customers to Send e-Bills, Accept e-Payments - “Consumers are looking for ways to simplify their finances and streamline their bill payment process. Our business customers want to meet this demand and offer consumers the best and most user-friendly billing and payment options,” said Sam Robb, senior vice president, U.S. Bank. “Biller Advantage from Fiserv will allow us to offer a multichannel EBPP solution to our business customers – a new offering that will allow them to more efficiently send bills and quickly accept payments."
  • IDEX Enters into a Strategic Worldwide Biometric Card Partnership with a Global Payments Company - Dr. Hemant Mardia, CEO of IDEX stated, “We are very pleased to have been selected for this global company biometric card initiative enabled by our compelling low cost, turnkey fingerprint sensor solutions. The program will commence development during 2015. This partnership is expected to enable IDEX to secure a leading position in this emerging mass market for fingerprint sensor based biometric cards.”
  • Adyen Mobile Payments Index reveals 36% of global mobile payments are now on iPhone - “The continued rise in popularity of the iPhone for making online purchases, coupled with the higher ATV from shoppers using iOS, suggest that businesses – especially those that classify themselves as premium brands – should target this valuable demographic in particular,” said Roelant Prins, Chief Commercial Officer, Adyen. “Apple Pay, as it becomes available in more markets, represents a great opportunity for businesses to fulfil this as it enables them to deliver a seamless payment experience to iOS users.”
  • Fostering Innovation and Growth in Smart Card Programs –- Entrust Datacard Continues to Help Expand EMV Instant Issuance Market Adoption - "Entrust Datacard today announced that financial institutions have instantly issued over 2.1 million chip cards globally in 2015 utilizing Datacard® instant issuance hardware and associated software. That number is projected to grow as more financial organizations adopt the technology – especially within the U.S. where EMV migration is rapidly accelerating."

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!

Headline News from PaymentsNews.com – June 18, 2015

Written by Payments News Editor on June 18th, 2015. Posted in Bill Payment, Bitcoin, BitPay, Card Technology, Chip and PIN, Contactless Payments, Fair Isaac, First Data Corp., Fiserv, Oberthur, Payments News - Headline News

On the Web: Banks are 'very excited' about what one of the world's best funded Bitcoin startups is doing" - Business Insider - "...Bitpay has shifted its focus from letting businesses accept Bitcoin to getting people interested in Bitcoin in the first place." The Check’s Still in the Mail: Why Collections Isn’t Going Paperless - FICO Blog - "In a recent BillingTree webinar, which looked at some of the payment processing trends revealed in its third annual Collection Agency Operations and Technology Survey, it was clear that paper payments such as paper checks, money orders, demand drafts and more, are...

Headline News from PaymentsNews.com – June 8, 2015

Written by Payments News Editor on June 8th, 2015. Posted in Africa, Android Pay, Apple, Apple Pay, Australia, Bitcoin, Card Technology, Chip and PIN, Credit Scores, Data Breaches, Data Security, eBay, EMV, Google, M-PESA, Money Transfer, Payments News - Headline News, Payments Views, PayPal, Remittances, Ripple, TSYS, US Bank, Western Union

On the Web:

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

On the Wires:

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

Glenbrook's 2015 Payments Education

Updates from Glenbrook:

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

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