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Payments News ISSN 1556-4487. Compilation Copyright © Glenbrook Partners LLC, 2002-2010. All Rights Reserved.
Webbadress: http://www.paymentsnews.com/
Uppdaterad: 44 min 5 sek gammalt

Firethorn Shows Its SWAGG

tis, 2010-08-10 02:08
Qualcomm's Firethorn subsidiary announced that American Apparel is the latest retailer to sign up for its upcoming SWAGG mobile application. What is SWAGG? SWAGG is Firethorn’s direct-to-consumer offering, with “smart” technology that gives consumers the ability to purchase, personalize and exchange gift cards directly from a mobile device. SWAGG will also provide consumers mobile access to account information, special offers and loyalty programs. To view a demo of the SWAGG mobile application, log onto http://www.swagg.com/.

Credit Card Trends of the Top 20 Major US Metropolitan Areas

mån, 2010-08-09 17:58
Experian has released its findings on credit card trends, which provide insight into U.S. card usage. The results show that "New Yorkers lead the way with the highest number of open cards, and Phoenix residents have the fewest. A closer look at New York reveals that while its residents have more open cards, the data shows they aren't using those cards as much as some of the other cities, such as Atlanta, where the highest average monthly balance is $6,753 on revolving accounts. San Francisco and Houston have the lowest average monthly balance, with $5,323 and $5,328, respectively."

Headline News - August 9, 2010

mån, 2010-08-09 17:02

Headline News is brought to you by Glenbrook Partners:

Note: Throughout the day, as Payments News happens, this post is updated. For job opportunities available for payments professionals, visit PaymentsJobs.com. Employers seeking to hire payments professionals can post their job openings there as well.

Federal Reserve Reports Decrease in Consumer Credit

fre, 2010-08-06 21:18
The US Federal Reserve has reported its latest G.19 Consumer Credit statistics - finding that "Consumer credit decreased at an annual rate of 3-1/4 percent in the second quarter. Revolving credit decreased at an annual rate of 9-1/2 percent, and nonrevolving credit was about unchanged. In June, consumer credit decreased at an annual rate of 3/4 percent, revolving credit decreased at an annual rate of 6-1/2 percent, and nonrevolving credit increased at an annual rate of 2-1/2 percent."

RBS Worldpay Goes to Advent/Bain Consortium

fre, 2010-08-06 17:37
RBS Group announced that it has "agreed to sell a controlling 80.01% interest in RBS WorldPay, its Global Merchant Services business, to a consortium of Advent International and Bain Capital for an enterprise value of up to £2.025bn. RBS will hold a minority stake in the new GMS group of 19.99%, as part of the agreement."

RBS WorldPay is Europe’s largest merchant acquirer and the fourth largest globally, operating in over 30 markets.

Headline News - August 6, 2010

fre, 2010-08-06 11:48

Headline News is brought to you by Glenbrook Partners:

Note: Throughout the day, as Payments News happens, this post is updated. For job opportunities available for payments professionals, visit PaymentsJobs.com. Employers seeking to hire payments professionals can post their job openings there as well.

eCommerce Grew 39% in Latin America and the Caribbean in 2009

fre, 2010-08-06 01:29
A recent study commissioned by Visa revealed that eCommerce grew by 39.2% in 2009 in Latin America and the Caribbean region, reaching US$21.8B. Various drivers contributed to regional e-Commerce growth, including changes in consumer behaviors, perception and demand; increased computer and broadband penetration and improvements in online security; expansion of key industries such as travel & tourism; as well as the addition of large-scale merchants, especially in Brazil.

It is forecasted that by the end of the 2011 year, the region will experience a 58% increase in e-Commerce, realizing a total of US$34.5B.

Cashless Vending Adoption Rates Accelerating

fre, 2010-08-06 01:17
USA Technologies recently announced that the adoption of its cashless vending payment technology is accelerating. The Company recently announced that it had increased the number of devices connected to its network by approximately 9,000 during the quarter ended June 30, 2010, bringing the total number of devices connected at June 30, 2010 to over 82,000, compared to approximately 52,000 as of June 30, 2009. Various vending operators and bottlers have indicated that total sales revenue has grown by 15 percent per machine within a year or two after installing cashless payment terminals in that machine.

Europe’s First Launch of microSD-based Contactless Mobile Payments

fre, 2010-08-06 01:02
Visa Europe recently announced that it is launching Europe’s first microSD-based mobile payment systems in Turkey with its technology partner, DeviceFidelity, and Akbank, one of Turkey’s leading retail banks. Mary Carol Harris, Head of Mobile, Visa Europe said: "One of the key challenges to the success of mobile payments is the supply and availability of NFC handsets. Until a majority of mobile handsets offered in the market are supplied with integrated NFC, Visa is proactively working with innovators like DeviceFidelity and pioneers such as Akbank to harness the potential of new technologies. These solutions make the future of payment real today and are key to accelerating mobile payments in Turkey and across Europe." In related news, Oberthur Technologies announced increased demand for its contactless sticker product, FlyBuy Sticker, with banks and issuers throughout the United States.

Headline News - August 5, 2010

tors, 2010-08-05 12:14

Headline News is brought to you by Glenbrook Partners:

Note: Throughout the day, as Payments News happens, this post is updated. For job opportunities available for payments professionals, visit PaymentsJobs.com. Employers seeking to hire payments professionals can post their job openings there as well.

American Express Semi-Annual Financial Community Meeting

tors, 2010-08-05 03:04
American Express earlier today held its second semi-annnual financial community meeting for investors and analysts. The speakers included:
  • Kenneth Chenault, Chairman and CEO
  • Bill Glenn, President of Global Merchant Services
  • Ed Gilligan, Vice Chairman and Head of Global Consumer, Small Business and Network Businesses
The webcast replay, supporting presentations, and relevant transcripts are all here.

Headline News - August 4, 2010

ons, 2010-08-04 11:56

Headline News is brought to you by Glenbrook Partners:

Note: Throughout the day, as Payments News happens, this post is updated. For job opportunities available for payments professionals, visit PaymentsJobs.com. Employers seeking to hire payments professionals can post their job openings there as well.

MasterCard Announces 2Q2010 Financial Results

ons, 2010-08-04 02:57
MasterCard this morning has announced financial results for the second quarter 2010. The company reported gross dollar volume increased 8.5% on a local currency basis to $656 billion, cross border volumes increased 8.5% and processed transactions increased 0.1% compared to the same period in 2009, to 5.6 billion. A press release, supplemental operating results, and an accompanying investor presentation are available on the MasterCard website.

“We are pleased with our performance in the second quarter,” said Ajay Banga, MasterCard president and chief executive officer. “Solid GDV growth, particularly in markets outside the U.S., continued momentum in worldwide cross-border volumes, and thoughtful expense management all contributed to good financial results this quarter.”

New on PaymentsJobs.com - Senior Manager of Global Payments @ Yahoo!

tis, 2010-08-03 18:26
Yesterday, Yahoo! posted a new position for payments professionals on Glenbrook's PaymentsJobs.com job board: Is your company hiring? Are you in the market for qualified payments professionals? You can reach the best candidates here! Post your job openings for payments professionals on PaymentsJobs.com!

Headline News - August 3, 2010

tis, 2010-08-03 13:52

Headline News is brought to you by Glenbrook Partners:

Note: Throughout the day, as Payments News happens, this post is updated. For job opportunities available for payments professionals, visit PaymentsJobs.com. Employers seeking to hire payments professionals can post their job openings there as well.

Visa Formally Launches Rightcliq by Visa

mån, 2010-08-02 20:48
Rightcliq by Visa, an online shopping tool, was formally launched today after an eight-month beta. Visa developed Rightcliq to address many of the frustration points consumers experience while shopping online and to help them make smart online buying decisions. According to a recent Visa survey, half of all online shoppers rely on inconvenient methods – like bookmarking and written lists – to track items they are interested in buying, but not yet ready to purchase. More than 90 percent said they would do more online shopping if they had an easy way to compare items and see available merchant discounts and promotions. Rightcliq’s features address these opportunities and will help make online shopping simpler, smarter, and more fun. To enroll in Rightcliq by Visa, U.S. consumers can visit http://rightcliq.visa.com.

Payfone Closes $11M Series B Financing

mån, 2010-08-02 20:32
Payfone has announced the closing of its $11M Series B financing round with investments by Opus Capital, BlackBerry Partners Fund, and RRE Ventures. Bob Borchers of Opus Capital and Kevin Talbot of BlackBerry Partners Fund will join Payfone’s Board of Directors. Payfone has built the world’s first and only mobile payments platform that leverages the capabilities of existing inter-operator networks. Designed from the backbone of the mobile operator network, Payfone uses signaling and global operator standards to deliver advanced payment and billing capabilities that meet the needs of today’s mobile ecosystem. The Wall Street Journal has the backstory on Bob Borchers role. Essentially, this is his first investment since leaving his position at Apple as Sr. Director of Worldwide Product Marketing for the iPhone.

Headline News - August 2, 2010

mån, 2010-08-02 13:58

Headline News is brought to you by Glenbrook Partners:

Note: Throughout the day, as Payments News happens, this post is updated. For job opportunities available for payments professionals, visit PaymentsJobs.com. Employers seeking to hire payments professionals can post their job openings there as well.

Credit Card Data Portability

fre, 2010-07-30 02:33
DataPortability.org, the largest data portability group on the U.S., has recently embraced credit card data portability as one of its key initiative areas. The Credit Card Data Portability Standard is supported by an opt-in community of electronic payment processing providers (service providers) that agree to provide credit card data and associated transaction information (sensitive data) to an existing merchant upon request in a PCI Compliant manner.

Guardian Analytics Launches Industry Roundtable Series

fre, 2010-07-30 02:15
Guardian Analytics recently announced the formation of an industry roundtable created to drive information sharing among financial institutions, law enforcement and industry experts. At their first industry roundtable participants shared "trends in threats and fraud attacks against the online and mobile channels and discussed trends in the online and mobile channels, the need to balance security with customer convenience, and the use of customer data as they key to defending against new and emerging cyber attacks."
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