A leading payments industry news source for more than 17 years. Glenbrook curates the news and keeps you abreast of the important daily headlines in payments.

Search Payments News

February 14, 2022

On the web

Discover Is Bringing a Payment Option Popular in Asia to the U.S.

Wall Street Journal

“Discover Financial Services will soon give U.S. merchants the option to accept payments from shoppers’ bank accounts—no card needed. The card company is partnering with fintech firm Buy It Mobility Networks Inc., whose technology allows consumers to pay directly from their checking accounts using merchants’ apps. The companies are expected to announce the partnership later this week.”

April 29, 2020

On the wires

JCB Introduces Tap on Mobile Solution for JCB Contactless Payments on Android Smartphones

“JCB Co. Ltd. (“JCB”), Japan’s only international payment brand, is leveraging Asia’s leading fintech player, Soft Space Sdn. Bhd.’s (“Soft Space”) technological expertise to develop the Tap on Mobile programme that capitalises on the wide availability of Android smartphones equipped with NFC (near-field communication).JCB Contactless card or mobile device can be used at any merchants that support JCB Contactless. Aimed at driving greater contactless acceptance among JCB acquirers worldwide, JCB has developed the Tap on Mobile programme which will be used to govern all aspects of contactless payment transactions securely made on NFC-enabled Android smartphones, off the shelf. This programme is secure and interoperable based on EMV and PCI standards.”

April 6, 2020

On the web

Card Networks Up Canadian Contactless Transaction Limits To Limit Physical Contact

Digital Transactions

“Contactless payments already capture a big share of point-of-sale purchases in Canada, and that share is sure to grow with recent announcements by Visa Inc. and Mastercard Inc. that they are raising their contactless transaction limits to C$250 to limit the handling of cards that could spread the coronavirus, according to news reports. The limits had been C$100. “With safety and social distancing top of mind for all Canadians, today’s announcement is one way we’re helping cardholders to shop easily, securely and with more peace of mind during this difficult time,” Sasha Krstic, president of Mastercard in Canada, said in a statement Thursday.”

January 30, 2020

On the web

Mastercard’s Bet on Fintech Pays Off With Higher Card Spending

Bank Innovation

“The company has been starting card programs for fintechs including Brex Inc., Revolut Technologies Inc. and TransferWise Inc., and has unveiled programs designed to make it easier for startups to join Mastercard’s network. That helped boost customers’ spending on the firm’s cards to $1.28 trillion in the quarter, in line with analysts’ estimates.”

December 19, 2019

On the wires

November 11, 2019

Top Post

September 26, 2019

On the web

Visa Aims To Be An Ally To Fintechs


“With the digital payments market taking off around the globe, Visa wants to make sure it’s the partner financial technology startups turn too.  To meet that end its launching Visa Partner, a portal that provides fintechs with what it says is “unprecedented” access to its technologies and networks.”

June 3, 2019

On the web

China UnionPay Set to Issue Debit and Credit Cards in Europe

Cards International

“China UnionPay will issue debit and credit cards in Europe from this month as its eyes global expansion to compete with Mastercard and Visa. The state-controlled Chinese firm teamed up with Tribe Payments, a UK-based back-office technology start-up. This partnership also allows banks to offer branded cards to customers.”

March 26, 2019

On the wires

Citi to Build Digital Consumer Payments Business for Institutions

“Citi’s Treasury and Trade Solutions (TTS) is developing a new business line for consumers to make digital payments to institutions. This is part of TTS’s overall strategy to enable digital commerce for clients and extend its significant presence and capabilities beyond the wholesale payments space. Under this umbrella, a new planned service will be made available to offer institutional merchants the ability to collect from a wide range of payment methods including cards, e-wallets and new and innovative bank transfers such as Request to Pay and Open Banking — as they gain traction. In turn, their consumers will have access to a wide variety of payments methods of their choice.”

March 22, 2019

On the web

Priority Technology Blames a Mastercard Subscription Rule for Its $19.5 Million Revenue Hit

Digital Transactions

“Merchant processor Priority Technology Holdings Inc.’s fourth-quarter revenues fell by $19.5 million, a drop of 16.5%, in the face of a new Mastercard Inc. rule change tightening consumer notices on subscription billings. “This decline was being driven by one factor and one factor only,” Priority chairman and chief executive Thomas C. Priore said Thursday morning in reference to the rule change. Online subscription billers have been a significant merchant segment for Alpharetta, Ga.-based Priority, but Priore said the company closed the accounts of 1,200 such merchants to assure that it would be in compliance with Mastercard’s rules.”

December 6, 2018

On the wires

December 4, 2018

Top Post

September 25, 2018

Top Post

September 5, 2018

Top Post

Visa Stored Credential Framework: Processing Improvements for Vaulted Cards

Braintree blog

“Visa recently announced a framework and new requirements for merchants that store payment methods for future transactions so their customers can check out faster online. The Visa Stored Credential Framework applies to all Visa transactions made with stored payment methods — regardless of whether they’re processed from Braintree’s Vault or via an external vault. This framework will be rolled out globally over the next few months, starting with Braintree Direct merchants located in the US and APAC regions in August.”

August 27, 2018

On the web

Payments Incumbents Can’t Rest on Their Laurels, Researchers Say

Digital Transactions News

“These so-called emerging markets generated 139 billion electronic payment transactions in 2015, less than half the 294 billion transactions from North America, Europe and other “mature” payments markets, according to research from Paris-based Capgemini cited by Aite. But in 2022, emerging markets will surpass the mature markets with 457 billion transactions versus 423 billion, says Capgemini’s World Payments Report 2017. From there, emerging markets will continue their much-faster growth trajectory, hitting 715 billion transactions by 2025, 47% ahead of the 485 billion for mature markets, Capgemini predicts.”

June 28, 2018

Top Post

Visa, Mastercard Near Settlement Over Card-Swipe Fees

Wall Street Journal (paywall)

“Visa Inc. and Mastercard Inc. are close to settling a long-running antitrust lawsuit with merchants over the fees they pay when they accept card payments, according to people familiar with the matter. Under the settlement, Visa, Mastercard and a number of banks that issue debit and credit cards including JPMorgan Chase & Co., Citigroup Inc. and Bank of America Corp. would pay the merchants around $6.5 billion, some of the people said. It is not clear how the payment would be split up among the card networks and the issuing banks.”

June 25, 2018

Top Post

Supreme Court Rules For American Express In Credit Card Case

Washington Post

“Under their contracts, merchants who accept American Express generally can’t encourage customers to use other credit cards, even though they charge merchants lower fees. The federal government and a group of states sued over those so-called “anti-steering” provisions, arguing that they violate federal law. But on Monday the high court ruled 5-4 in favor of American Express.”

April 30, 2018

On the web

Discover’s Network Volumes Grow; Company Eyes ‘Non-Traditional’ Ways To Keep Growth Up

Digital Transactions News

“Dollar volume in Discover Financial Services’s Payment Services unit rose 19% in the first quarter to $56.1 billion, led by a resurgent Pulse debit network where volume jumped 20%. Pulse, one of the nation’s largest electronic funds transfer networks, has been rebounding in recent quarters have a long period of decline following the loss of a major customer and competition for merchants’ point-of-sale debit transactions in the wake of the Durbin Amendment, which upended the U.S. debit market.”

March 28, 2018

On the web

Restaurant Customers May No Longer Have to Sign Credit Card Slips


“Paying the tab at the end of a meal may soon get a tiny bit faster: Starting this Sunday, diners who pay with a credit card may no longer have to sign their receipt, Restaurant Business reports. The four biggest credit card providers — Visa, Mastercard, Discover, and American Express — will no longer require most restaurants to obtain customer signatures, saying that chip technology has largely curbed fraudulent credit card use.”

Payments News

Give us your email address or link to our RSS feed and we’ll push the daily Payments News headlines to you.

Glenbrook Payments Boot camp®

Register for the next Glenbrook Payments Boot Camp®

An intensive and comprehensive overview of the payments industry.

Train your Team

Customized, private Payments Boot Camps tailored to meet your team’s unique needs.

OnDemand Modules

Recorded, one-hour videos covering a broad array of payments concepts.

Glenbrook Press

Comprehensive books that detail the systems and innovations shaping the payments industry.