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Home  Payments News
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Payments News |
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Payments News - from Glenbrook Partners
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Payments News ISSN 1556-4487. Compilation Copyright © Glenbrook Partners LLC, 2002-2012. All Rights Reserved.
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Payments Views - ?Over the Top? with Mobile Payments
Over on Payments Views, Glenbrook's Scott Loftesness blogs about the new FIS approach to mobile payments: With much of the card payments industry zigging toward an NFC-based solution securing payment card credentials on mobile handsets, FIS is zagging in a different direction with this new solution ? one that doesn?t need to wait for NFC and Secure Element (SE) chips to be embedded in mobile phones. FIS is the world?s largest global provider of banking and payments technologies, serving 14,000 financial institutions in over 100 countries.
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MasterCard Announces 4Q2011 Financial Results
MasterCard has announced financial results for the fourth quarter 2011. Net revenue for the fourth quarter of 2011 was $1.7 billion, a 20.2% increase versus the same period in 2010. On a constant currency basis, net revenue increased 20.8% compared to the same period in 2010. Worldwide purchase volume during the quarter was up 15.2% on a local currency basis versus the fourth quarter of 2010, to $648 billion. As of December 31, 2011, the company?s customers had issued 1.8 billion MasterCard and Maestro-branded cards. Cross-border volume was up 17.5%. Press release, supplemental operating results, and an accompanying investor presentation...
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Headline News - February 2, 2012
On the web: Visa?s Saunders Downplays Merchant-Cost Concerns For Digital Wallet - ISO and Agent Report: 798 Daily Deal Sites Folded In The Last 6 Months Of 2011 - TechCrunch Amazon Pulls Plug on PayPhrase Service - Mashable On the wires: Valero Corner Stores Get New ATMs and Program Manager in Cardtronics Businesses Can Capture Signatures, Easily Calculate Taxes and Tips Using New Sage Mobile Payments 2.0 Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated.
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Payments Views - CFPB Final Remittance Rule
Over on Payments Views, Glenbrook's Jacqueline Chilton summarizes and reacts to the CFPB Final Remittance Rule that has been issued by the Consumer Financial Protection Bureau. "This rule has considerable implications with both intended and potentially unintended consequences."
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First Data Reports 4Q2011 Financial Results
First Data has reported its financial results for 4Q2011. "Consolidated revenue for the fourth quarter was $2.69 billion, down $43 million or 2%, compared to a year ago on a $115 million decline in debit network fees. These fees are passed directly to customers and therefore did not impact operating income. Adjusted revenue, which excludes certain items including debit network fees, increased $47 million, or 3% year-over-year to $1.73 billion."
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Facebook Outlines Facebook Credits Business for IPO
Facebook filed its Form S-1 to IPO today. Here's what they said about their payments business: Reported payments-related revenue was $13M (2009), $106M (2010), and $557M (2011). Full year 2011 payments revenue represented 15% of 2011 Facebook revenue. They caution that year-to-year comparisons can be very misleading as the payments business didn't hit full deployment until Q42010, and wasn't mandated for on-platform game developers until Q3 2011. To help see the trends, they show quarter-to-quarter payments revenue growing throughout 2011 from $94M (Q1), to $119M (Q2), $156M (Q3), $188M (Q4). At $188M, payments represented 17% of the Q4 revenue. Facebook...
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Upcoming Payments-Related Conferences
SmartCard Alliance 2012 Payments Summit The 5th annual SmartCard Alliance conference will be held February 8-10 at the Hilton Salt Lake City Center in Salt Lake City, Utah. FinovateEurope 2012 The FinovateEurope 2012 Conference returns to London on February 7th, 2012 at the Old Billingsgate Market Hall in the heart of London. Discover PAYMENTS 2012 The NACHA Payments 2012 Conference will be held April 29-May 2, 2012 in Baltimore, MD at the Hilton Baltimore.
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Brand Finance Releases Bank Brand Rankings
Brand Finance, in conjunction with The Banker, has announced the results of its latest study of the financial value of various banking brands around the world. From this year's report: HSBC, the only British bank among the ten most valuable banking brands, knocks Bank of America off the top spot in the Brand Finance Banking 500. Wells Fargo is the most valuable banking brand in the U.S. market, and the second most valuable worldwide. Chinese banks performed strongly with China Construction Bank, ICBC, Bank of China and the Agricultural Bank of China maintaining a successful streak for Chinese banking as...
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Headline News - February 1, 2012
On the web: WePay: The Online Payment Start-Up Behind Occupy Wall Street - Forbes Coopera Signs Eight CUs for Bilingual Prepaid Card On the wires: MasterCard and KeyBank Extend and Enhance Long-Standing Debit Relationship Visa Processing Certification for Contis Group Opens International Prepaid Markets Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated.
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CardSpring Launches New Payment Network Platform
CardSpring announced a new Application Programming Interface (API) that lets developers add new capabilities to credit and debit cards by programming the CardSpring payment network to link online applications to specific payment events. Because CardSpring runs in the payment network cloud, developers can add applications to any of the billions of existing credit or debit cards without changes to the purchase experience or store infrastructure, enabling any website or retailer to create innovative new online/offline commerce applications at a fraction of the cost and complexity of existing approaches. The company also announced that it has raised a $10M Series A...
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