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Payments News
from Glenbrook Partners

• Prepaid Debit Cards Help Brooklyn, Chicago Buy Back 7,500 Guns - J.P. Morgan has announced that "Brooklyn and Chicago recently used J.P. Morgan prepaid debit cards in successful campaigns to take firearms off the streets. The gun buy back programs were sponsored by local law enforcement officials who offered citizens prepaid debit cards for working guns, no questions asked. More than 7,500 firearms were collected at community churches and other turn-in sites in the two cities."
• Over Three-Fourths of Online Americans Bank and Pay Bills Online - According to a survey sponsored by CheckFree, "more Americans than ever, an estimated 63.1 million households or three-fourth of those online, are paying their bills online rather than writing paper checks. The 2008 Consumer Banking and Bill Payment Survey, the eighth conducted by CheckFree since 2002, highlights Americans’ growing use of online banking and bill payment services to help manage their personal finances."
• PayPal Webinar: Reducing Shopping Card Abandonment - Tomorrow's PayPal webinar, last of the August webinar series, will focus on the topic of reducing shopping card abandonment. Patti Freeman Evans, research director from JupiterResearch, and Lewis Broadnax, director of e-commerce at Lenovo are participating. More info here - register here.
• eBay/PayPal Developers Conference Videos and Presentations - Videos and presentations from the eBay/PayPal Developers Conference held in June in Chicago are available online.
• Building Mobile Payments in India - mChek's Sanjay Swamy - In a multi-part series, Sramana Mitra interviews mChek CEO Sanjay Swamy about his company's mobile banking and payments platform in India. Swamy comments: "It is very important to ensure there is a means of instant gratification. It may not expose you to all of the features and capabilities, but at least the customer can touch it now. That is what we had to do. We had to simplify the product and get it out there."
• TrialPay Expands Advertising Options - TrialPay has announced the launch of a new Gifts & Gourmet category with the company saying that "top companies from the food industry have enlisted in this new advertising section, marking a milestone for the payment method widely used for digital goods and services."
• Headline News - August 27, 2008 - NewsOn6.com - Tulsa, OK: Got a Gift Card? Use It Or Lose It Fiserv's eBILLPLACE.com Turns Green Alliance Data Signs New Long-Term Private Label Credit Agreement With Orchard Brands Element Payment Services Selects Hypercom to Enhance Its Express IP Payment Platform Breach Security Helps Organizations Accelerate PCI Compliance With New PCI QuickStart Packages ID Experts Releases Five Tips for Companies Victimized by a Data Breach The Hindu Business Line: Mobile banking guidelines likely in a fortnight Verizon Business Helps E-Retailers Gear Up for Holiday Crunch Note: Throughout the day, as Payments News happens, this post is updated. For job opportunities...
• MasterCard, Visa Comment on Court Ruling in Discover Litigation - Last week, Judge Barbara S. Jones issued a ruling narrowing the scope of Discover's antitrust lawsuit against MasterCard and Visa. MasterCard commented: "MasterCard Worldwide said today it is pleased that Judge Barbara S. Jones narrowed the scope of Discover’s antitrust case against MasterCard by granting certain aspects of MasterCard’s summary judgment motion." Visa commented: "As a consequence of these summary judgment rulings, Discover cannot challenge the legality of the agreements Visa has signed with its debit issuance partners. As such, it is unlikely the Discover litigation will have a significant impact on Visa's ongoing business operations."
• A Look at Quicken Beam from Intuit Labs - Jim Bruene takes a look at Intuit's recently introduced Quicken Beam service - "the free service sends users text messages balance and activity alerts from most U.S. bank, credit card, and credit union accounts." Here's the press release introducing the service. Quicken Beam is one of the first services introduced by Intuit Labs.
• Metavante Partners with Connect for Credit Union Solutions - Metavante has announced an alliance with Connect Software Solutions, an online banking provider for credit unions to bring Metavante’s bill presentment and payment solutions and Connect’s online banking platform together into a fully integrated online banking and bill pay product that will be delivered to the credit union market by Connect.