Over at Payments News they've published a wrap-up of the most notable payment news and events in 2006. Check it out.
Highlights
- A transformation of the cards business as MasterCard went public, VISA announced its intention to do so, and Morgan Stanley plans to spin off Discover Card.
- First Data Corp spun off its remittance business, Western Union, to focus on banks and merchants.
- Bankers were preoccupied with FFIEC guidance on authentication and security.
- 2006 was the tipping point year for contactless payments
- Small dollar transactions surged thanks to VISA's small ticket payment service, eliminating the requirement for a signature on transactions less than $25
- Gift cards reached critical mass
- Mobile banking and mobile payments re-gained momentum
- Person to person lending emerged as a new business model
- Web 2.0 infiltrates personal finance
- The three largest credit bureaus launched an alternative to FICO
Visit Payments News for a much more detailed list and links to coverage throughout the year.
During her time at Glenbrook, Erin focused on client engagements in business payments, cross-border transactions, bill payment, and the intersection of corporate finance, banking, and ERP/accounting. She has nearly twenty years of experience leading increasingly complex payment initiatives for corporate clients and advising financial institutions and payment technologists on the development of their payment capabilities.
Erin is also the founder of Forte Financial, a consulting firm focused on corporate finance efficiency, technology, and process improvement. She is a past president of the Financial Women’s Association of San Francisco and also a two-term past president of the San Francisco Treasury Management Association. Erin is no longer with Glenbrook, but contributed greatly during her time at the firm.