Companies

Biometric Payments Get a Boost as JPMorgan Targets $6B Opportunity

Insider Intelligence

“JPMorgan will pilot biometric technology that lets shoppers pay by scanning their palm or face with select retailers in the US, according to a company statement. The first pilots will work with brick-and-mortar stores in the US and potentially the Miami Formula 1 Grand Prix. If the pilot is successful, the tech will roll out to more […]

Tags: JPMorgan Chase

Industry

US Merchant Processing Fees Top $160 Billion

GlobeNewswire News Room

“In 2022, US merchants paid a record $160.70 billion in processing fees to accept $10.589 trillion in payments from credit, debit and prepaid cards, according to the Nilson Report. The total value of fees was up 16.7% from 2021, even though purchases for goods and services tied to all card payments grew by only 12.3% […]

Glenbrook

Only Fools Rush In: A Thoughtful Approach to Embedding Financial Services

It is an undeniable trend that an increasing number of businesses are embedding financial services into their products. Those that have embarked on this journey often experience multiple benefits if the new services solve an existing problem for their customer base, but it requires taking a thoughtful and informed approach to avoid negative downstream complications.  […]

Companies Global

Brazil Central Bank Greenlights Meta's WhatsApp Merchant Payment System

Reuters

“Brazil’s central bank on Thursday approved Meta Platforms’ payments launch for small and medium-sized business in Brazil via its messaging application WhatsApp, building on the app’s existing local peer-to-peer payment system. The approval comes as Meta seeks to use the Brazilian market as a key test space for business messaging, an area that has assumed greater […]

Tags: Brazil

Conferences & Meetings Fintech

Episode 193 - Fanning the Flames: Help! Am I Becoming a Fintech?

What do Fintechs have to do with the cereal aisle? Tune in to this episode of Payments on Fire: Fanning the Flames to hear the answer to that question and more, as Glenbrook’s Chris Uriarte and Drew Edmond prepare for MRC Vegas 23.

If you are attending, we’d love to connect! Please reach out to Chris or Drew on Our Team page or connect directly on LinkedIn.

PaymentsPost

PaymentsPost #1 | Glenbrook’s February Roundup

There are a lot of headlines in the payments world. PaymentsNews is Glenbrook’s curated news feed of the headlines that matter most every day, but we’ll readily acknowledge that it can be a lot to digest. That’s why we’re introducing PaymentsPost, a month-end roundup of the news items that got us talking as a team […]

Tags: fis

Companies

Thrive Payments Rolls Out Phos Tap-to-Phone Mobile Payment Solution

Mbile Marketing Magazine

“Software point-of-sale (SoftPoS) orchestration firm, Phos, has partnered with payment gateway, Thrive Payments, to deploy its Tap-to-Phone solution in the US. The deal will enable Thrive’s merchant customers to accept card payments directly on any NFC-enabled smartphone or tablet, in-store or on the go. This means they can greatly, and rapidly, expand their number of payment acceptance points, […]

Companies

Pidgin Partners with Community Bankers’ Bank to Facilitate Faster Payments Across Network of Independent Community Banks

Businesswire

“Pidgin, a secure real-time payments platform built for the future of payments, announced that Community Bankers’ Bank (CBB), is extending the platform to its network of independent community banks in the Fifth Federal Reserve District and contiguous states. CBB selected Pidgin to provide its community bank partners and their customers with a fast, easy, and secure way […]

Financial Inclusion Global Payments Mobile Wallets

Episode 191 - Fanning the Flames: A Year in Travel - Jordan

We’ve reached our final destination on Glenbrook’s 2022 tour of local payment methods around the world. Joanna Wisniecka joins Yvette Bohanan on this episode of Fanning the Flames to chat about her recent trip to Jordan.

Joanna walks us through her experience opening an account and and making payments with ZainCash, and also provides insights into JoPACC (Jordan Payments & Clearing Company) initiatives throughout the country.

Companies

FIS Takes $17.6 Billion Hit in Merchant Unit to be Spun Off

Reuters

Banking and payments processing conglomerate Fidelity National Information Services Inc (FIS.N) took a $17.6 billion write-down on its merchant business as it unveiled plans on Monday to spin it off, undoing a $43 billion acquisition that went sour. FIS built its merchant business, which processes transactions for companies, on the back of its $43 billion purchase […]

Global Payments

Episode 190 - Fanning the Flames: A Year in Travel - French Polynesia

With many of us still experiencing cold and rainy winter weather, let’s look to warmer climates as Glenbrook’s Chris Uriarte walks us through his payments journey in French Polynesia.

If you’ve attended a Payments Boot Camp, you’ve heard us say that payment systems are domestic by nature. The experience Chris has in the islands of French Polynesia really brings that point home. Listen in to hear his observations and key takeaways on local payment methods.

Global

HSBC Expands Digital Capabilities with New Multi-Currency Payment Platform

hsbc

HSBC unveiled a new one-stop digital payment solution for small-and medium enterprises (SMEs) in Hong Kong. Called HSBC Merchant Box, the solution simplifies international payments across regional and global eCommerce platforms for SMEs and makes it possible to ‘receive like a local’ at real-time exchange rates.

BNPL

Will We See Ongoing Success of Buy Now Pay Later?

Buy now pay later (BNPL) has become a global phenomenon. The global BNPL market size was valued at USD 15.91 billion in 2020 with growth to 90.51 billion by 2029 (source 1). If BNPL isn’t in your market today, it will likely be soon.  Look at any major country and you can see or read […]

Global Payments Mobile Wallets

Episode 188 - Fanning the Flames: A Year in Travel - Turkey & Ethiopia

Next up in Glenbrook’s travelogue series, Nikhat Choudhury joins Yvette Bohanan to share her experience making payments on a recent trip to Turkey.

In this double feature episode, Elizabeth McQuerry and Bethany May also provide observations on the local payments scene in Ethiopia, including their use of the e-money wallet Telebirr.

Companies

Google is Piloting its Own ‘Soundbox’ in India for Merchants to Get Audio-Based Payment Alerts

TechCrunch

Soundboxes — hardware used by merchants that emits sounds every time a mobile payment is made — have taken off in India, where point of sale activity can get busy and voice alerts from the soundbox help alert multitasking shopkeepers and assistants to a transaction going through. Now, to keep pushing ahead to build out […]

Tags: Google