Last year was, of course, the break out year for Bitcoin. Incubating in geek-nurtured obscurity during its first few years, 2013 saw the international media, global investors, entrepreneurs, and even a few just plain citizens jump onto the math-based currency (fewer managed to actually purchase some bitcoin). The currency has since ballooned in value. It […]
Are you a payments geek? You might be interested to hear what your peers think about immediate funds transfer (IFT). The recent 2013 NACHA Payments Conference was full of interesting conversations and panels and the hottest topic was (IFT). I counted no fewer than four panels on the subject, including the one I organized with […]
Glenbrook’s Jacqueline Chilton is blogging from FinovateSpring 2011. This is one of several posts; you can find an index of our coverage here. The format for Finovate is fast and furious. No PowerPoint – all demo. Each company has seven minutes. Expensify “Expense reports that don’t suck” Quickly add and edit expenses, attach receipts, customize the […]
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. Capital Access Network: They use a “daily remittance” model for SMB lending Their underwriting product can be used for a variety of loan products — revolving/term loans, credit cards, merchant cash advances […]
One of the more interesting elements added late in the game to the Durbin amendment was the language added around card-related fraud costs. This has led to much speculation about what this might mean for various anti-fraud technologies (e.g., EMV in the US, a mandate for 3-D Secure for online ecommerce, etc.) as the Fed […]
The potential of mobile banking, for the realization of ‘anywhere, at anytime’ transactions, is well documented. However, interest is starting to develop regarding a more consumer-orientated vision of what mobile banking and payments can offer. Glenbrook’s Jacqueline Chilton recently published an article in E-Finance & Payments Law & Policy examining the ways mobile banking can […]
Glenbrook’s Bryan Derman is in Las Vegas for the 2010 Prepaid Expo. Clearly, you know that an industry has “arrived” when it is able to attract (and afford!) a former U.S. President to speak at its annual convention. Well, any lingering doubts about the importance and sustainability of the prepaid card industry were probably addressed […]
Consistent with the current government focus on enhancing consumer protection, the Credit Card Accountability Responsibility and Disclosure Act of 2009 (Credit CARD Act of 2009) brings sea changes to the credit card industry. Forward-looking financial services institutions are viewing these shifts not as a reactive compliance and operational exercise, but more broadly in anticipation of […]
Last Thursday evening I attended a superb mobile payment panel organized by mPayConnect and co-hosted by the Wharton and Harvard MBA alumni associations at the Wharton West campus in San Francisco. The evening’s topic was From Afghanistan to Silicon Valley: Mobile Financial Services for the Next Billion Customers. Menekse Gencer of mPayConnect moderated and brought […]
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 […]
CFO.com summarizes the most recent Forrester “TechRadar” report on financial software. Not surprisingly, economic woes are driving businesses’ need for accounts receivable and collections software to help companies monitor their customers payment behavior. Budgeting and forecasting solutions as well as expense reporting tools are also in high demand. Accounts Payable solutions are up and coming […]
MORNING SESSION #1 – Whew – what a whirlwind! Companies get 7 minutes to demo their products/services before the microphone is cut off. Some very interesting stuff flying by at warp speed (so please excuse the grammar/any typos)! So here goes:
At Forte Financial Glenbrook Partners we’ve been gripped by the credit crisis, yet drowning in news and data. We suspect that you, too, would appreciate a guide to the gems of insight and plainspoken verbiage that explain, question, and illuminate these unprecedented times. So we’ve selected the best of the coverage – an admittedly subjective […]
CFO.com points out that Paul Volcker has strong views on accounting topics that might soon become prominent fixtures of administration economic policy. For example, here are topics/issues that he will undoubtedly have influence over (quoting CFO.com): [His experience creating and then serving as head of International Accounting Standards Board and attempting to reform Anderson immediately […]
Today's big news (at least so far)… efforts turn to addressing the shortage of short term liquidity. [Read the Fed Announcement] via Bloomberg: Oct. 7 (Bloomberg) — The Federal Reserve will create a special fund to purchase U.S. commercial paper after the credit crunch threatened to cut off a key source of funding […]