Headline News from PaymentsNews.com – December 9, 2015

Written by Payments News Editor on December 9th, 2015. Posted in Apple, Apple Pay, Australia, Bitcoin, Cardfree, EU, Financial Regulators, India, Interchange Fees, MasterCard, Merchants Payments Coalition, NPCI, Payments News - Headline News

On the Web

On the Wires

  • MasterCard Crowns Champion in the Inaugural Masters of Code Global Hackathon Series - "MoneyRemaid earned the title of Masters of Code by building a software platform to disrupt the way domestic workers in Southeast Asia could receive and manage their salaries. The team, comprised of a young woman and four young men, was awarded the grand prize of $100,000 seed funding, incubation in the MasterCard StartPath program, six months of executive mentoring and free payment processing for up to $250,000 in transactions for the first 12 months using Simplify Commerce."
  • Dunkin’ Donuts Selects CARDFREE as the Mobile Platform for its Next Generation Mobile Application to Include Mobile Ordering and Enhanced Features - "CARDFREE, the leading mobile commerce provider to large merchants, announced that it is the mobile application platform provider enabling Dunkin’ Donuts’ new On-the-Go Ordering app that is currently being tested in Portland, Maine. The company was selected by Dunkin’ Donuts to provide the mobile ordering application solution to make it easier and more convenient for members of the brand’s DD Perks® Rewards Program to place an order from their mobile phone."
  • The European Union Helps Merchants and Consumers by Reforming Its Credit-Card Market While the U.S. Lags - “The EU’s just and thoughtful action should spur policymakers in the U.S. to take a closer look at these bloated fees which, without competition, just keep growing,” said Lyle Beckwith, a senior vice president at NACS, the National Association of Convenience Stores, and a member of the Merchants Payments Coalition. “We applaud the EU for standing up to the credit-card giants who continue to fleece American merchants and consumers.”

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 6, 2015

Written by Payments News Editor on March 6th, 2015. Posted in Apple, Apple Pay, Cardfree, Cash, Chip and PIN, Credit Cards, EMV, Federal Reserve, MasterCard, Mobile Marketing, Payments News - Headline News, Softcard, UK

On the Web:

On the Wires:

Glenbrook's 2015 Payments Education Schedule Now Available!

Updates from Glenbrook:

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

Headline News from PaymentsNews.com – February 26, 2015

Written by Payments News Editor on February 26th, 2015. Posted in American Express, Barclays, Bill Payment, BOKU, Cardfree, Credit Cards, eBay, First Data Corp., Fiserv, Glenbrook, Mobile Money, Mobile Payments, Money Transfer, p2p - Person to Person Payments, Payments News - Headline News, Payments Views, PayPal, Twitter, Verifi, Visa, Visa Mobile

On the Web:

  • A Different Type of Start Up: Payments in Afghanistan - PaymentsViews.com (Elizabeth McQuerry) - "This is an inspiring story of bankers striving towards greater financial inclusion for their country’s citizens while building the base for electronic payments. The pay off here will almost certainly require years to be realized."
  • PayPal Holdings files Form 10 with the SEC - Late yesterday afternoon, PayPal Holdings filed its Form 10 information about the PayPal spinout process from eBay, details on PayPal’s stand-alone financials, and on the operating agreements between PayPal and eBay going forward.
  • Inside PayPal's Microlending Program - Entrepreneur - "Since launching the Working Capital program, PayPal has paid out more than $200 million, granting some 35,000 loans to 20,000 U.S. small businesses. Last fall, PayPal expanded the program to the U.K. and Australia."
  • Credit cards in America - Slowing charge - Economist - "Nonetheless, there are signs that the go-go years are gone: growth is tapering off, the margins received on lending are declining, and the cost of attracting customers is rising—even though America’s economy is on the up."
  • Boku Introduces “Phone-on-File” to Compete with Credit Cards on One-Time and Subscription Based Purchases - “A key element to the strength of companies like Amazon and Apple has been their ability to create frictionless checkout experiences using stored credit card information,” said Jon Prideaux, Boku CEO. “This is that same experience that Boku is bringing to the mobile phone number with Phone-on-File. Our goal is to make stored ‘phone-on-file’ every bit as powerful as a ‘card-on-file’ for the benefit of our merchant partners.”
  • Barclays pushes for social commerce with Twitter payments feature - Mobile Commerce Daily - "The Barclays Pingit app enables users to transmit payments to anyone with a mobile phone number in Britain, customize payments with messages or photos, send gift cards and make donations, among other features."

On the Wires:

  • Visa Partners with Financial Institutions Across the Globe to Enable Mobile Payment Services - “2015 is the year in which fast and safe mobile payments based on Visa technology will proliferate across the world,” said Sam Shrauger, senior vice president of digital solutions at Visa Inc. “We are very proud that Visa’s Digital Solution is now accessible to the broader market to be used across multiple devices and form factors – enabling secure, fast and engaging commerce experiences in any environment.”
  • CARDFREE Reaches Over 2 Million Consumers on Platform and Expands to International Markets - “With our team’s pedigree in the QSR space, we’ve been able to gain the largest competitive market share with top-50 QSRs in relatively short order,” explained Jon Squire, founder and chief executive officer of CARDFREE. “We’re excited to add international markets into the mix and to broaden our reach to other high volume verticals such as convenience and grocery."
  • Box Brings Financial Services Industry Securely to the Cloud - “Because of the highly sensitive nature of the data it deals with and the strict compliance standards it’s held to, the Financial Services industry has been slow to embrace cloud and mobile technologies,” said Aaron Levie, co-founder and CEO, Box. “However, leading firms are recognizing that mature cloud platforms not only offer agility and productivity, but also an opportunity for better security and visibility around their most valuable content. With Box for Financial Services, we’re making sure security and compliance concerns are no longer hurdles to information sharing and collaboration.”
  • Move over Selfies, Bank of the West Customers Use Their Smartphone Cameras to Pay Bills with Snap-to-Pay from Fiserv - “Our customers can now use their smartphone cameras to add a new bill for payment in about 30 seconds. Because the process is so quick and simple, we envision customers using this method to add new bills into bill pay regardless of if they plan to pay those bills online or on their phone,” said Jamie Armistead, executive vice president of Digital Channels, Bank of the West.
  • First Data Appoints Dan Charron as Executive Vice President, Global Business Solutions - “For nearly a quarter century, I’ve admired First Data from many angles, as competitor, joint venture partner, client, vendor, and now as part the team working to transform the business,” said Dan Charron. “I look forward to working across multiple functions and geographies to provide First Data’s six million clients across the world with the products, services and solutions they need to grow their business,” Charron added.
  • Verifi Adds Chris Derossi as New Chief Technology Officer - "Derossi brings a wealth of technology and payments experience to his new position at Verifi. Most recently, he was Chief Technology Officer at Ultimate Gaming, where he launched the first regulated and licensed online poker site in the United States."
  • Sisense Appoints Amir Orad Chief Executive Officer - "I am very excited to be appointed as the new CEO of Sisense and lead its winning team," said Mr. Orad. "Sisense is a successful innovative company with great people, cutting-edge technologies, and a fast growing loyal customer base. I am a big believer in the significant opportunity presented by the availability of massive amounts of complex data and how data driven companies can unlock great value from such information using Sisense's technology."

Glenbrook's 2015 Payments Education Schedule Now Available!

Updates from Glenbrook:

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

Headline News from PaymentsNews.com – December 2, 2014

Written by Payments News Editor on December 2nd, 2014. Posted in Ariba, B2B Payments, Beacons, Bitcoin, Cardfree, Commercial Payments, Financial Regulators, Google, Host Card Emulation, MasterCard, Mobile Payments, Near Field Communication (NFC), Payments News - Headline News, PCI Compliance, SimplyTapp, Stripe, Wells Fargo, WePay

On the Web:

On the Wires:

  • MasterCard Board of Directors Announces Increase in Quarterly Dividend and $3.75 Billion Class A Share Repurchase Program - “Today’s dividend and share repurchase program announcement comes as a result of our continued, strong financial performance,” said Ajay Banga, president and CEO, MasterCard. “We remain committed to delivering value to our shareholders, while investing in the growth of our business.”
  • SimplyTapp Raises $5.9M to Propel Mobile Payment Innovation - "SimplyTapp, the leading provider of Host Card Emulation (HCE) solutions for cloud based mobile payments, today announced it has raised $5.9M of a Series B financing round from undisclosed new investors and existing investors Blue Sky Capital and Lightspeed Venture Partners, bringing the total amount of funding raised to date to $7.6M."
  • CARDFREE Completes its Next Generation Order-Ahead Product - "This new patent license enables CARDFREE to provide its exceptional online/mobile ordering solutions within the US - for restaurants and other verticals. CARDFREE’s award-winning platform provides full commerce capabilities including cross-channel CRM, loyalty, payments and now its next generation order-ahead solution."
  • AribaPay Takes Off - “By automating billing and settlement and digitizing the “pay” in procure-to-pay, AribaPay is bringing the same simplicity to B2B payments and effectively changing the game by enabling companies to drive a more efficient, effective process that creates benefits on both sides of the equation.”

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 – October 29, 2014

Written by Payments News Editor on October 29th, 2014. Posted in Apple, Apple Pay, B2B Payments, Cardfree, Cardlytics, Commercial Payments, EMV, End-to-End Encryption, Financial Regulators, First Data Corp., Gift Cards, MCX, Merchants, Mobile POS, Payments News - Headline News, Point of Sale (POS), ShopKeep, Smart Card Alliance, Stripe, Tokenization, Unbanked, US Bank

On the Web:

On the Wires:

  • Cardlytics Raises $70 Million in Funding - "Led by Discovery Capital, this funding brings Cardlytics’ total venture funding to just over $170 million. Cardlytics intends to use the funds to continue to extend and expand the breadth of the company’s capabilities to make all marketing more relevant and measurable. Morgan Stanley acted as adviser on the deal."
  • U.S. Bank Simplifies B2B Electronic Payments - "The Payment Plus basic payment instruction file transmits payment instructions from the customer to U.S. Bank though a simple CSV (common separated value) file that is easy to use and fast to set up. Because it requires the completion of substantially fewer information fields than the standard payment instruction file, typical users won’t need dedicated IT resources to program it."
  • 2013 FDIC National Survey of Unbanked and Underbanked Households - "The survey addresses a gap in the availability of comprehensive data on the number of unbanked and underbanked households in the United States."
  • CARDFREE Partners with Taco Bell® For New Mobile Commerce Application - “Taco Bell is not only one of the largest QSRs in the country, they are one of the savviest marketers out there,” commented Jon Squire, founder and chief executive officer of CARDFREE. “We are extremely proud to be working with them on what is bound to be a game changer for the industry."
  • First Data Reports Third Quarter 2014 Financial Results - “Our results this quarter demonstrate how we are developing innovative products and solutions, collaborating with global brands and strengthening our balance sheet, all while continuing to grow our business,” said Chairman and CEO Frank Bisignano.
  • NRF Statement on Mobile Payment Services - "Merchants large and small make business decisions every single day based upon what makes the best sense for the business, their associates and most importantly, their customers. The payment systems they decide to implement are no different. Data security is paramount, but so is flexibility, cost and ease of use."
  • ShopKeep Introduces the ShopKeep Gift Card - "ShopKeep, the cloud-based small business technology provider trusted by more than 10,000 small business owners to manage retail shops and restaurants with iPads, today announced that it is expanding its product offering to include the ShopKeep gift card."

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 – October 29, 2014

Written by Payments News Editor on October 29th, 2014. Posted in Apple, Apple Pay, B2B Payments, Cardfree, Cardlytics, China, Commercial Payments, EMV, End-to-End Encryption, Financial Regulators, First Data Corp., Gift Cards, MCX, Merchants, Mobile POS, Payments News - Headline News, Point of Sale (POS), Poynt, ShopKeep, Smart Card Alliance, Stripe, Tokenization, Unbanked, US Bank, Visa

On the Web:

On the Wires:

  • Visa Inc. Reports Strong Fiscal Fourth Quarter Adjusted Earnings Per Share Growth of 17% and Full-Year 2014 Adjusted Earnings Per Share Growth of 19% and Announces a New $5.0 Billion Share Repurchase Program - "Our enviable competitive position, strong business model, and great talent helped us deliver adjusted EPS growth of 17% for the fourth quarter and 19% for the full year in the face of continued tepid economic growth and a strengthening dollar. More importantly, the underlying metrics which will drive our revenue growth over the longer term are strong and getting stronger," said Charlie Scharf, Chief Executive Officer of Visa Inc.
  • Poynt Introduces World's First Smart Payment Terminal - "Consumers carry connected supercomputers in their pockets while in-store technology still centers around a glorified calculator," said Poynt founder and CEO, Osama Bedier, former head of Google Wallet and long-time PayPal senior executive. "Solving for that disparity, we borrowed from the best in mobile technology to make the payment terminal smart and help small businesses rise to meet growing consumer expectations."
  • Cardlytics Raises $70 Million in Funding - "Led by Discovery Capital, this funding brings Cardlytics’ total venture funding to just over $170 million. Cardlytics intends to use the funds to continue to extend and expand the breadth of the company’s capabilities to make all marketing more relevant and measurable. Morgan Stanley acted as adviser on the deal."
  • U.S. Bank Simplifies B2B Electronic Payments - "The Payment Plus basic payment instruction file transmits payment instructions from the customer to U.S. Bank though a simple CSV (common separated value) file that is easy to use and fast to set up. Because it requires the completion of substantially fewer information fields than the standard payment instruction file, typical users won’t need dedicated IT resources to program it."
  • 2013 FDIC National Survey of Unbanked and Underbanked Households - "The survey addresses a gap in the availability of comprehensive data on the number of unbanked and underbanked households in the United States."
  • CARDFREE Partners with Taco Bell® For New Mobile Commerce Application - “Taco Bell is not only one of the largest QSRs in the country, they are one of the savviest marketers out there,” commented Jon Squire, founder and chief executive officer of CARDFREE. “We are extremely proud to be working with them on what is bound to be a game changer for the industry."
  • First Data Reports Third Quarter 2014 Financial Results - “Our results this quarter demonstrate how we are developing innovative products and solutions, collaborating with global brands and strengthening our balance sheet, all while continuing to grow our business,” said Chairman and CEO Frank Bisignano.
  • NRF Statement on Mobile Payment Services - "Merchants large and small make business decisions every single day based upon what makes the best sense for the business, their associates and most importantly, their customers. The payment systems they decide to implement are no different. Data security is paramount, but so is flexibility, cost and ease of use."
  • ShopKeep Introduces the ShopKeep Gift Card - "ShopKeep, the cloud-based small business technology provider trusted by more than 10,000 small business owners to manage retail shops and restaurants with iPads, today announced that it is expanding its product offering to include the ShopKeep gift card."

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 16, 2014

Written by Payments News Editor on July 16th, 2014. Posted in Cardfree, Financial Regulators, Merchants, Mercury Payment Systems, Mobile Payments, Mobile Wallets, Payments News - Headline News, Prepaid Cards, Zooz

On the Web:


  • Israeli Payments Startup Zooz Closes $12 Million Round - Wall St. Journal Digits - "According to Oren Levy, Zooz CEO and co-founder, the company is currently focusing on allowing enterprise clients to integrate Zooz solutions into existing billing and customer relationship software."

  • Oversight Issues in Mobile Payments - International Monetary Fund - "International experience suggests that financial authorities can develop effective oversight frameworks for new payment methods to safeguard public confidence and financial stability by establishing: (i) a clear legal regime; (ii) proportionate AML/CFT measures to prevent financial integrity risks; (iii) fund safeguarding measures such as insurance, similar guarantee schemes, or “pass through” deposit insurance; (iv) contingency plans for operational disruptions; and (v) risk controls and access criteria in payment systems."

On the Wires:


  • Mercury StoreCard™ Now Available - "The Mercury StoreCard lets merchants brand their own reloadable card for accepting customer payments. The cardholder can use a quick-response (QR) barcode on the back of the card to access their prepaid card account on their smartphone."

  • CARDFREE and XPIENT Solutions Partner for Omni-Channel Services for Restaurants - “Traditionally, integration to restaurant commerce technology, especially, point of sale systems are quite a hurdle in mobile commerce deployments,” commented Jon Squire, founder and chief executive officer of CARDFREE, “with XPIENT and their cloud-based Commerce Engine which provides immediate and seamless access to the POS, this is as easy as it can get, allowing us to quickly deploy our full suite of services."

  • New GfK Survey Shows 60% of US Consumers Have Used a Branded Prepaid Payment Card - "According to the findings from GfK’s omnibus survey, users from different age and income groups are satisfied with their prepaid card experience. Although user segments at times cite different benefits as most important to them, “ease of use” is the overall top reason for liking prepaid cards. Nearly two-thirds of respondents in the GfK survey say that using prepaid cards is the same as or better than using a checking account or cash."

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 16, 2014

Written by Payments News Editor on July 16th, 2014. Posted in Cardfree, Financial Regulators, Merchants, Mercury Payment Systems, Mobile Payments, Mobile Wallets, Payments News - Headline News, Prepaid Cards, Zooz

On the Web:


  • Israeli Payments Startup Zooz Closes $12 Million Round - Wall St. Journal Digits - "According to Oren Levy, Zooz CEO and co-founder, the company is currently focusing on allowing enterprise clients to integrate Zooz solutions into existing billing and customer relationship software."

  • Oversight Issues in Mobile Payments - International Monetary Fund - "International experience suggests that financial authorities can develop effective oversight frameworks for new payment methods to safeguard public confidence and financial stability by establishing: (i) a clear legal regime; (ii) proportionate AML/CFT measures to prevent financial integrity risks; (iii) fund safeguarding measures such as insurance, similar guarantee schemes, or “pass through” deposit insurance; (iv) contingency plans for operational disruptions; and (v) risk controls and access criteria in payment systems."

On the Wires:


  • Mercury StoreCard™ Now Available - "The Mercury StoreCard lets merchants brand their own reloadable card for accepting customer payments. The cardholder can use a quick-response (QR) barcode on the back of the card to access their prepaid card account on their smartphone."

  • CARDFREE and XPIENT Solutions Partner for Omni-Channel Services for Restaurants - “Traditionally, integration to restaurant commerce technology, especially, point of sale systems are quite a hurdle in mobile commerce deployments,” commented Jon Squire, founder and chief executive officer of CARDFREE, “with XPIENT and their cloud-based Commerce Engine which provides immediate and seamless access to the POS, this is as easy as it can get, allowing us to quickly deploy our full suite of services."

  • New GfK Survey Shows 60% of US Consumers Have Used a Branded Prepaid Payment Card - "According to the findings from GfK’s omnibus survey, users from different age and income groups are satisfied with their prepaid card experience. Although user segments at times cite different benefits as most important to them, “ease of use” is the overall top reason for liking prepaid cards. Nearly two-thirds of respondents in the GfK survey say that using prepaid cards is the same as or better than using a checking account or cash."

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 16, 2014

Written by Payments News Editor on July 16th, 2014. Posted in Cardfree, Financial Regulators, Merchants, Mercury Payment Systems, Mobile Payments, Mobile Wallets, Payments News - Headline News, Prepaid Cards, Zooz

On the Web:


  • Israeli Payments Startup Zooz Closes $12 Million Round - Wall St. Journal Digits - "According to Oren Levy, Zooz CEO and co-founder, the company is currently focusing on allowing enterprise clients to integrate Zooz solutions into existing billing and customer relationship software."

  • Oversight Issues in Mobile Payments - International Monetary Fund - "International experience suggests that financial authorities can develop effective oversight frameworks for new payment methods to safeguard public confidence and financial stability by establishing: (i) a clear legal regime; (ii) proportionate AML/CFT measures to prevent financial integrity risks; (iii) fund safeguarding measures such as insurance, similar guarantee schemes, or “pass through” deposit insurance; (iv) contingency plans for operational disruptions; and (v) risk controls and access criteria in payment systems."

On the Wires:


  • Mercury StoreCard™ Now Available - "The Mercury StoreCard lets merchants brand their own reloadable card for accepting customer payments. The cardholder can use a quick-response (QR) barcode on the back of the card to access their prepaid card account on their smartphone."

  • CARDFREE and XPIENT Solutions Partner for Omni-Channel Services for Restaurants - “Traditionally, integration to restaurant commerce technology, especially, point of sale systems are quite a hurdle in mobile commerce deployments,” commented Jon Squire, founder and chief executive officer of CARDFREE, “with XPIENT and their cloud-based Commerce Engine which provides immediate and seamless access to the POS, this is as easy as it can get, allowing us to quickly deploy our full suite of services."

  • New GfK Survey Shows 60% of US Consumers Have Used a Branded Prepaid Payment Card - "According to the findings from GfK’s omnibus survey, users from different age and income groups are satisfied with their prepaid card experience. Although user segments at times cite different benefits as most important to them, “ease of use” is the overall top reason for liking prepaid cards. Nearly two-thirds of respondents in the GfK survey say that using prepaid cards is the same as or better than using a checking account or cash."

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 16, 2014

Written by Payments News Editor on July 16th, 2014. Posted in Cardfree, Financial Regulators, Google, Merchants, Mercury Payment Systems, Mobile Payments, Mobile Wallets, Payments News - Headline News, Plastiq, Prepaid Cards, TMG - The Members Group, Visa, Zooz

On Twitter:



On the Web:


  • Plastiq inks $10 mln led by Khosla Ventures - Reuters PE Hub - “At Plastiq, we are laser-focused on bringing payment choice to North American cardholders by enabling them to make payments with their card in instances when they otherwise could not,” said Eliot Buchanan, CEO and co-founder of Plastiq.

  • TMG Builds Wearable #Payments App for @GoogleGlass - TMG Blog - "TMG Senior Product Manager Brian Day, in a presentation aptly named “The Future of Payments,” gave a demonstration of how this custom-built wearable payments app works."

  • Israeli Payments Startup Zooz Closes $12 Million Round - Wall St. Journal Digits - "According to Oren Levy, Zooz CEO and co-founder, the company is currently focusing on allowing enterprise clients to integrate Zooz solutions into existing billing and customer relationship software."

  • Oversight Issues in Mobile Payments - International Monetary Fund - "International experience suggests that financial authorities can develop effective oversight frameworks for new payment methods to safeguard public confidence and financial stability by establishing: (i) a clear legal regime; (ii) proportionate AML/CFT measures to prevent financial integrity risks; (iii) fund safeguarding measures such as insurance, similar guarantee schemes, or “pass through” deposit insurance; (iv) contingency plans for operational disruptions; and (v) risk controls and access criteria in payment systems."

On the Wires:


  • Visa Opens San Francisco Technology Center to Advance Innovation in Payments - "The centerpiece of One Market will be an innovation center designed to provide an immersive experience for clients and partners, where they can interact with Visa subject-matter experts, and explore new products and technologies that advance the payment experience in areas such as mobile, security and cloud-based technologies. The space has been designed to encourage dynamic interaction and real-time experimentation, and is expected to attract Bay Area technology talent who want to develop the next generation of commerce solutions by working with the industry leader in payments."

  • Visa Presents the Future of Commerce with New Innovation Center and Launch of Visa Checkout - "The move provides Visa technologists, its clients, and partners an innovative space to jointly develop the next generation of commerce applications. As a part of the grand opening of One Market today, Visa also announced the launch of Visa Checkout, a quick and easy payment service that enables consumers throughout the United States, Canada and Australia to pay for goods online, on any device, in just a few clicks."

  • Mercury StoreCard™ Now Available - "The Mercury StoreCard lets merchants brand their own reloadable card for accepting customer payments. The cardholder can use a quick-response (QR) barcode on the back of the card to access their prepaid card account on their smartphone."

  • CARDFREE and XPIENT Solutions Partner for Omni-Channel Services for Restaurants - “Traditionally, integration to restaurant commerce technology, especially, point of sale systems are quite a hurdle in mobile commerce deployments,” commented Jon Squire, founder and chief executive officer of CARDFREE, “with XPIENT and their cloud-based Commerce Engine which provides immediate and seamless access to the POS, this is as easy as it can get, allowing us to quickly deploy our full suite of services."

  • New GfK Survey Shows 60% of US Consumers Have Used a Branded Prepaid Payment Card - "According to the findings from GfK’s omnibus survey, users from different age and income groups are satisfied with their prepaid card experience. Although user segments at times cite different benefits as most important to them, “ease of use” is the overall top reason for liking prepaid cards. Nearly two-thirds of respondents in the GfK survey say that using prepaid cards is the same as or better than using a checking account or cash."

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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