Got back this morning after a whirlwind two days in Austin for NACHA Payments 2011. I was in briefings or meetings nearly the whole time, so I barely attended break outs and skipped all of the general sessions, but here are my reflections based on my observations, various conversations on the exhibit floor, and my […]
New Glenbrook research, sponsored by Earthport, indicates that as companies do business with an increasing number of customers and suppliers over seas, they desire better cross-border payment systems. Slow funds clearing, complicated reconciliation, and lack of transparency in foreign exchange fees make cross-border payments particularly challenging for businesses large and small. These are among several key […]
This week I’ve been in Amsterdam for Sibos – the annual international banking conference sponsored by SWIFT. (For those of you who aren’t familiar with SWIFT it is a consortium of worldwide banks that runs a global secure network connecting banks in over 200 countries. Interbank messages to support payments and brokerage trades all travel […]
Glenbrook’s Bryan Derman is live blogging from FinovateFall 2010. This is one of several posts; you can find an index to his coverage here. Day Two starting up — several interesting companies on the agenda today… Thwakk: Online 3D virtual world/game designed to facilitate customer acquisition Your Avatar makes a variety of financial decisions and […]
While I don’t manage to attend every year, the Federal Reserve Bank of Chicago’s annual payment conference remains one of my favorites. The Chicago Fed has a great payments team that works hard at putting together a timely program, but I like this event because it really is what it purports to be – a […]
Here at Glenbrook, we work closely with eCommerce merchants on issues and opportunities that they confront every day. Increasingly, the questions we hear surround the topic of “going global” — “What countries should I sell into? What local payment methods are important? Who can provide my company’s payment services over seas? It seems that U.S. […]
Glenbrook’s Erin McCune is in Orlando for BAI’s Payments Connect conference. At its Payments Connect conference BAI assembled a dream ACH panel, consisting of: Jan Estep, CEO NACHA Rich Oliver, EVP Retail Product Manager, Federal Reserve Rossana Salaris, SVP, Payments Products, The Clearing House Stephanie Sturgis-Griffin, CEO Pariter Solutions The session was moderated by Fred […]
I was featured in Financial Women’s Association of San Francisco (FWA SF) Winter Newsletter. The Q&A is reprinted here, with permission from the FWA. FWA: What are the current trends in the emerging and alternative payments space? McCune: Well, they aren’t all that alternative or so emerging anymore, for one. In the online domain, emerging […]
The Bay Area Mobile Payments Series focused on the US market last week with the topic “Is there REALLY a market for mobile payments in the US?”. The event was hosted by the Harvard Business School Technology Alumni Association, Wharton Club of Northern California and Google and moderated by Menekse Gencer of mPay Connect. Read […]
In just 30 days, on September 18th, the new International ACH format – IAT – and accompanying NACHA rule changes go into effect. This is the most significant change to the ACH network in decades, affecting corporate payment initiators, financial institutions of all sizes, financial software companies, and payment service providers. The new rules have […]
Note: this commentary could be subtitled: “How my trip to the U.K. left me with a chip on my shoulder!” When I was a child, I remember preparing for international travel by accompanying my parents to our local bank branch to purchase traveler’s checks. It wasn’t exactly convenient – but they felt safer traveling with […]
Yesterday, Google Checkout announced that it was changing its fee structure beginning May 5 – eliminating the previous credit that Google AdWords customers got that reduced their Google Checkout fees. Instead, the new Google Checkout fee structure essentially parallels that of PayPal’s – a long-standing fee structure that the online payments leader has had in […]
[This is just one of my series of posts from the NACHA Payments 2008 conference in Las Vegas.] Remittance Standards for Wire Payments [NACHA Payments]Hank FarrarSenior Vice President, CHIPSLauren HargravesSenior Vice President, Federal Reserve Bank of New YorkJames WillsBusiness Manager, Standards, SWIFT Synopsis from Conference Program Three payments industry utilities have teamed up to foster […]
[This is just one of my series of posts from the NACHA Payments 2008 conference in Las Vegas.] The Global Reach of Remote Deposit Automation [NACHA Payments] David L. PetersonExecutive Vice President, Goldleaf Financial SolutionsTodd McGuireSenior Expert, Global Concepts/McKinsey Synopsis from Conference Program Remote deposit capture has not only eliminated geographic boundaries within the U.S., […]
By Russ Jones I recently attended the O’Reilly Emerging Technologies Conference hoping to learn about up and coming technologies that might hold promise for Glenbrook’s clients. While I didn’t find exactly what I was looking for (the opportunities in financial services for smart dust, robofly, and nanotechnologies continue to elude me) I did have one […]