Headline News from PaymentsNews.com – June 2, 2016

Written by Payments News Editor on June 2nd, 2016. Posted in ACI Worldwide, ATM, China Unionpay, ECommerce Payments, Financial Regulators, Mobile Payments, Mobile Wallets, Payments News - Headline News, PayPal, Singapore

ON THE WEB

  • PayPal Isn’t a Bank, But It May Be the New Face of Banking - Wall St. Journal - "The central role PayPal seeks to play in the financial lives of its users shows the rapid evolution of what people think of as banking and could spark many of the world’s largest financial institutions to reconsider their own long-held customer relationships."
  • Digital Wallets: The Honor All Devices Rule - Credit Slips (Adam Levitin) - "The basic issue with digital wallets is that they aren't all the same in terms of costs and benefits, but merchants have to accept them equal on an all-or-nothing basis."
  • PayPal's mission to diversify, one mom at a time - CNET - "PayPal plans to open up Recharge to more groups, hoping to make the company more diverse and provide opportunities to experienced workers, such as veterans, who are often overlooked."

ON THE WIRES

  • ACI Worldwide Simplifies and Expedites Secure eCommerce Payments for Global Merchants - "The SaaS-based UP eCommerce Payments solution is the realization of ACI’s eCommerce strategy, which began with the 2014 acquisition of Retail Decisions (ReD) and its market-leading solution for preventing and managing eCommerce fraud. In 2015, ACI acquired PAY.ON and its robust global eCommerce payment gateway solution."
  • ATMIA Releases Industry Report on Operation Choke Point - "Sponsored by the U.S. Independent ATM Deployer Committee, the report details the issues the ATM industry has faced due to Operation Choke Point (OCP) and how independent ATM deployers (IAD) can protect their businesses and respond to bank inquiries."
  • UnionPay becomes the official payment brand for the Great Singapore Sale 2016 - "On June 2, UnionPay International and Singapore Retailers Association jointly announced that UnionPay will become the only official payment brand for GSS from 2016 to 2018. During the GSS, over 100 local merchants will provide exclusive offers and privileges for UnionPay cards."

PAYMENTS IN PORTLAND

  • Join us for the next Payments in Portland (Oregon) event being held on Tuesday, June 7th. Details here!

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming this fall - in Palo Alto, CA and 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 – May 31, 2016

Written by Payments News Editor on May 31st, 2016. Posted in American Express, Banking Industry, Bitcoin, Citi, Data Security, India, Mobile Payments, Mobile Technology, Mobile Wallets, NPCI, Payments News - Headline News, PayPal, Singapore, SWIFT, Turkey, UK

ON THE WEB

ON THE WIRES

  • Payveris Raises Additional $7.5 Million in Funding - "Through its suite of open APIs and widgets, Payveris provides financial institutions and their digital banking partners with unlimited control and flexibility of the user experience across any digital channel or application, enabling money to be moved to anyone, anywhere, anytime and with any device – all of this on a single, unified platform."
  • GoSwiff appoints Mark Patrick as new CEO - "Before joining GoSwiff, Mr. Patrick was Managing Director Asia Pacific for Ingenico ePayments, the online and mobile commerce division of Ingenico Group."

PAYMENTS IN PORTLAND

  • Join us for the next Payments in Portland (Oregon) event being held on Tuesday, June 7th. Details here!

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming this fall - in Palo Alto, CA and 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 – May 24, 2016

Written by Payments News Editor on May 24th, 2016. Posted in ACI Worldwide, Android, Authentication, Bitcoin, Card Fraud, Coinbase, Ethereum, Faster Payments, Gift Cards, India, LexisNexis, MasterCard, MasterPass, Merchant Fraud, Merchants, Mobile POS, Mobile Wallets, Payments News, Prepaid Cards, Revel, SWIFT, TCF, UK, UK Faster Payment Service, Wells Fargo

ON THE WEB

ON THE WIRES

PAYMENTS IN PORTLAND

  • Join us for the next Payments in Portland (Oregon) event being held on Tuesday, June 7th. Details here!

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming this fall - in Palo Alto, CA and 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 – May 13, 2016

Written by Payments News Editor on May 13th, 2016. Posted in Apple, Blockchain, Card Fraud, Data Breaches, Data Security, EMV, Mobile Technology, Mobile Wallets, Payments News - Headline News, R3CEV, Square, SWIFT, UK

ON THE WEB

  • Is Friendly Fraud Spoiling the EMV Transition? - FIS Payments Leader Blog (Brian Beacom) - ""It was never meant to be like this. The global migration from magnetic stripe cards to the more secure chip-embedded cards was intended to add another layer of security against fraud. However, the reality is that during the transition to full EMV compliance, chargebacks are skyrocketing and it is the merchants who are paying the price."
  • Once Again, Thieves Enter Swift Financial Network and Steal - New York Times - "New details about a second attack involving Swift — the messaging system used by thousands of banks and companies to move money around the world — are emerging as investigators are still trying to solve the $81 million heist from the central bank of Bangladesh in February."
  • $1B Bangladesh hackers implicated in attack on Vietnamese bank, Sony hack - ArsTecnica - "SWIFT didn't name the other bank, but BAE Systems, which has been investigating the Bangladesh attack, has said that a Vietnamese commercial bank has been hit by closely related malware in a report of its own."
  • R3 eyes $200m for next step in blockchain journey - Financial News - "New York-based R3 is asking members for money in return for equity stakes in a new utility that will run blockchain-powered applications for financial institutions."
  • UK shows off prototype of digital iPhone driving license using Apple’s Wallet app - 9to5Mac - "Development of the feature has been made possible by recent changes to laws for UK driving licenses that abolished the paper counterpart to the photo card last year."

ON THE WIRES

  • Paul Deighton Joins Square's Board of Directors - "Today Square announced that Lord Paul Deighton of the United Kingdom joined its Board of Directors. Deighton served as the United Kingdom’s Commercial Secretary to the Treasury, CEO of the London Organising Committee for the Olympic Games and Paralympic Games, and as a partner at Goldman Sachs. ... Deighton replaces Earvin “Magic” Johnson, who has stepped down from Square’s Board."

PAYMENTS IN PORTLAND

  • Join us for the next Payments in Portland (Oregon) event being held on Tuesday, June 7th. Details here!

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming this fall - in Palo Alto, CA and 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 – April 25, 2016

Written by Payments News Editor on April 25th, 2016. Posted in Canada, Discover, EMV, Faster Payments, Federal Reserve, First Data Corp., FIS, Loyalty Programs, Mobile Payments, Mobile Wallets, Payments News - Headline News, The Clearing House

ON THE WEB

ON THE WIRES

  • The Clearing House and FIS Submit Joint Proposal to Fed’s Faster Payments Task Force - “TCH is implementing a foundational clearing and settlement system whose core attributes will enable financial institutions to develop innovative new products for their customers,” said Jim Aramanda, CEO of The Clearing House. “We know that if our system meets the needs of customers in terms of innovative services, speed, efficiency, and security there is no reason it won’t also align with the Task Force’s criteria.”
  • CPA Leads Transition to Electronic Payments with Launch of Global Messaging Standard in Canada - “Our participant financial institutions endorse ISO 20022 because it is clear that consumers and businesses alike will benefit from exchanging more data with electronic payments,” said Gerry Gaetz, President and CEO of the CPA. “The adoption of ISO 20022 will enable the Canadian financial community to provide better service, both domestically and across borders, to their customers.”
  • Dynamic Scrip Introduces ‘Dynamic Pay’ Mobile Rewards Program - "As one of the largest mobile payment retail networks in the country, Dynamic Pay offers up to 10% cash back to consumers for everyday purchases at over 200 national retailers spanning more than 300,000 locations around the U.S."
  • First Data’s Transformation Includes Major Strides in Diversity Programs & Recognition - "For the second consecutive year, First Data was named one of the Top 25 Noteworthy companies for diversity, a list cultivated from a pool of more than 1,800 companies."
  • TSYS Extends Payments Agreement with HealthEquity - “Our renewed partnership with TSYS will enable us to continue to grow our business quickly and efficiently,” said Jon Soldan, executive vice president of Operations at HealthEquity. “We look forward to working in partnership with TSYS to provide industry-leading service for our partners.”

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 – March 15, 2016

Written by Payments News Editor on March 15th, 2016. Posted in Amazon Payments, Apple, Apple Pay, Apple Watch, B2B Payments, Blockchain, Capital One, Commercial Payments, Contactless Payments, Federal Reserve, Mobile Payments, Mobile Wallets, Near Field Communication (NFC), Payments News - Headline News, Payoneer, R3CEV

ON THE WEB

ON THE WIRES

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 10, 2016

Written by Payments News Editor on March 10th, 2016. Posted in Blockchain, Chase Card Services, India, JP Morgan Chase, Mobile Payments, Mobile Wallets, p2p - Person to Person Lending, Payments News - Headline News, Prosper, R3CEV

ON THE WEB

  • The future of mobile wallets in India - The Hindu BusinessLine - "The consumer payments industry (specifically wallets) will play a crucial role in the future growth of digital payments in the country."
  • R3: Biggest-Ever Blockchain Trial is Only the Beginning - CoinDesk - "Going forward, he said, the company plans to drill down into other areas of focus including distributed ledger interoperability, privacy, identity and scalability, and that the tests were likely to be smaller in scale."

ON THE WIRES

  • Banking on the new chase.com is even easier - “Customers continually seek easy ways to access their accounts, so we’re making it easier for customers to bank their way,” said Gavin Michael, Head of Digital for Chase. “We’re excited to bring the look and feel that customers love on the new chase.com home page to behind the sign in experience.”
  • Prosper Marketplace Unveils Prosper Daily, Its First Mobile App - “By using Prosper Daily just a few minutes a day, consumers can begin to get on top of their finances” said Aaron Vermut, chief executive officer of Prosper Marketplace. “We’re excited to be the first marketplace lender to offer a financial wellness app to consumers.”

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 4, 2016

Written by Payments News Editor on March 4th, 2016. Posted in American Express, Australia, Authentication, Blockchain, Canada, Card Reward Programs, clearXchange, Loyalty Programs, MasterCard, Mobile Payments, Mobile Wallets, p2p - Person to Person Payments, Payments News - Headline News, US Bank, Visa

ON THE WEB

ON THE WIRES

  • U.S. Bank Customers among the First to Enjoy Faster Person-to-Person Payments - “U.S. Bank is a pioneer in its mission to provide customers a safe and easy way to send money to another person anywhere in the country,” said Gareth Gaston, executive vice president of omnichannel banking at U.S. Bank. “U.S. Bank has invested heavily in clearXchange and parent company, Early Warning, because we believe person-to-person payments in real-time is the future of fast, secure payments."
  • Suretap Adds Loyalty to Become Canada's Most Rewarding Digital Wallet - "Since launching the wallet with the support of Canada's leading wireless carriers, suretap has almost 1 million downloads and has integrated a wide range of encrypted virtual credit cards and gift cards into the wallet. The addition of loyalty rewards from merchants, airlines, hotels and other businesses represents another important step..."s

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 15, 2016

Written by Payments News Editor on February 15th, 2016. Posted in Apple, Apple Pay, Australia, Bitcoin, China Unionpay, India, Mobile Payments, Mobile Wallets, Payments News - Headline News, PayPal

ON THE WEB

  • Atlanta's ‘Transaction Alley’: US Payment Processing Capital - WABE.org - "Every time you swipe, tap or insert your card and even pay with your phone, there's a good chance the transaction will be processed here in Georgia. That's because nearly 70 percent of all payment card transactions are processed here, and more than half of U.S. financial technology firms are based in the Atlanta area."
  • Mobile wallets beware, UPI is here - YourStory - "The demise of mobile wallets in India would be quite a shocker. What will happen to all the seamless payments to your taxi vendors and favourite sumptuous food deliveries? The National Payment Corporation of India (NCPI), a primary body governing all retail payment systems in the country, may have some good news for you."
  • A story about using Apple Pay - Medium (Nate Swanner) - "The takeaway for those dozen or so people waiting for a seat at the sushi place was that Apple Pay is quick and easy, and at least leaps and bounds better than chip cards."
  • UnionPay transactions surge in Spring Festival spree - "China UnionPay transactions soared to yet another record high in the Spring Festival, the operator revealed Sunday."
  • Turkey's Iyzico Beats PayPal to Unlock Iran's E-Commerce System - Bloomberg - "An Istanbul-based payments startup says it’s signed a deal that smooths the way for companies seeking to follow it into Iran’s $400 billion economy."
  • Australian Regulator: Banks Didn't Collude Over Bitcoin Account Closures - CoinDesk - "The Australian Competition and Consumer Commission (ACCC) has concluded that Australian banks did not collude in blocking services for bitcoin firms and that a full investigation into the affair is not necessary."

ON THE WIRES

  • It's a holiday here in the U.S. today.

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 – January 7, 2016

Written by Payments News Editor on January 7th, 2016. Posted in Apple, Apple Pay, BBVA, Bitcoin, Blackhawk Network, Blockchain, Gift Cards, MasterCard, MasterPass, Mobile Payments, Mobile Wallets, Payments News - Headline News, Payroll Cards, Singapore, USAA

ON THE WEB

  • MasterCard embeds payment in devices - Chain Store Age - "This collaboration builds upon MasterCard’s October 2015 introduction of the Commerce for Every Device program to enable any consumer gadget, accessory or wearable to become a payment device."
  • Five Fintech Trends for 2016 - BBVA Blog - "The blockchain infrastructure was reinforced in 2015, with strengthening involving mining, exchanges, wallets and processors. 2016 is about innovating on top of it."

ON THE WIRES

EVENTS

  • Payments in Portland (OR) - Join us Thursday, January 28th from 5:30-7:30 PM to hang out with your colleagues and competitors to discuss all things payments! We'll have appetizers, Oregon beer and wine. For the first time, Payments in Portland is including a short topical briefing - this month on "B2B Payments - Promise and Problems." If you have a Portland payments presence and something to say on B2B payments, let us know! RSVP HERE!

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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