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Payments News - from Glenbrook Partners



Payments News ISSN 1556-4487. Compilation Copyright © Glenbrook Partners LLC, 2002-2013. All Rights Reserved.



Last Build Date: Thu, 22 Jun 2017 06:13:04 -0700

 



Headline News from PaymentsNews.com - June 22, 2017

Thu, 22 Jun 2017 06:13:04 -0700

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide! ON THE WEB Square gets green light to take on banks with 'PIN on glass' mobile technology - Financial Review - "The PCI Security Standards Council, which comprises the five largest global credit card companies, is expected to green light the way Square captures PIN numbers through smartphones. The move will frustrate big banks that make significant profit from older proprietary payments terminals with buttons. The Australian Financial Review understands payment industry executives have been briefed by the standards...



Headline News from PaymentsNews.com - June 21, 2017

Wed, 21 Jun 2017 07:03:47 -0700

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide! ON THE WEB Is WeChat Pay Taking Over Alipay? - Forbes - "Is WeChat Pay taking over Alipay? The situation can be better characterized as WeChat Pay and Alipay settling into a stable duopoly, not unlike how MasterCard and Visa have a virtual duopoly in the credit card world. According to market research firm Analysys, in Q1 2017 Alipay enjoyed approximately 54% share of mobile transaction value while WeChat Pay took 40% share. Average Alipay transaction values are higher...



Headline News from PaymentsNews.com - June 20, 2017

Tue, 20 Jun 2017 06:12:09 -0700

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide! ON THE WEB Instant bank transfers are coming to PayPal and Venmo - TechCrunch - "PayPal announced this morning a plan to speed up money transfers between its service, Venmo and users’ bank accounts for those with supported MasterCard and Visa debit cards. This new “instant transfers” service will be available at a rate of $0.25 per transaction, and will deliver funds in a matter of minutes, instead of the day or so it typically takes when using PayPal...



Headline News from PaymentsNews.com - June 19, 2017

Mon, 19 Jun 2017 06:58:44 -0700

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide! ON THE WEB Meet the Chinese Finance Giant That’s Secretly an AI Company - MIT Technology Review - "The smartphone payments business Ant Financial is using computer vision, natural language processing, and mountains of data to reimagine banking, insurance, and more." Instant Payments and the Post-PSD2 Landscape - Ovum - "This ground-breaking study quantifies the detrimental effect Instant Payments and PSD2 will have on traditional credit and debit card payments in Europe and provides the only quantitative insights into...



Headline News from PaymentsNews.com - June 16, 2017

Fri, 16 Jun 2017 14:32:13 -0700

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide! ON THE WEB The Amazon-Walmart Showdown That Explains the Modern Economy - New York Times - "If retail were the only industry becoming more concentrated, it would be one thing. But a relative few winners are taking a disproportionate share of business in a wide range of industries, including banking, airlines and telecommunications. A study by the Obama White House’s Council of Economic Advisers found that in 12 of 13 industry sectors, the share of revenue earned by the...



Headline News from PaymentsNews.com - June 15, 2017

Thu, 15 Jun 2017 10:48:02 -0700

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide! ON THE WEB Amazon India gears up to expand scope of digital payments service in India - livemint - "Amazon India indicated that it is witnessing rapid growth from its Amazon Prime membership programme amid a healthy increase in the number of new users from second and third-tier cities and towns, even as the e-commerce giant looks to broaden the scope of its digital payments service in India after getting the go-ahead from the Reserve Bank of India to...



Headline News from PaymentsNews.com - June 14, 2017

Wed, 14 Jun 2017 09:08:15 -0700

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide! ON THE WEB Amazon gives 2% rewards back to Prime members who deposit cash via their bank account - GeekWire - "Amazon today added a new way for Prime members to earn cash-back. “Amazon Prime Reload” gives customers 2% back when they reload their Amazon Gift Card Balance with a connected checking account and linked debit card. For example, if you load $100 onto your Gift Card Balance from your checking account, you’ll get an extra $2 in Amazon...