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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 [...]
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Last week’s announcement by TSYS of its new hybrid card marks the latest application of the decoupled debit technology first made popular by Capital One in 2007 (though arguably pioneered by PayPal some years before in an online, non-card form). In fact, depending on how it is ultimately deployed, the TSYS product could provide [...]
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Based on a vote of attendees – bankers, investors, industry experts, financial company executives from companies large and small – the best of show awards went to:
BancVue (Kasasa) – national checking/savings account brand
for community banks and credit unions
Credit.com – report card with letter grades to help users
make sense of the underlying data
Digital Insight (Intuit) – [...]
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I am live blogging Finovate2009 from NYC.
AFTERNOON SESSION #2
BillShrink – Peter Pham, CEO and Samir Kothari, VP
Help consumer save money on credit cards, cellphones and gas; now launching savings products
Interactive tools to help eliminate nuisance fees
Continuously monitoring banks all around the country to create apples-to-apples fee comparisons
Infosys – Puneet Gupta, Mobility Products
Launching mConnect multi-channel platform
Transactions [...]
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Resuming my live blogging of Finovate2009 from NYC in a few minutes.
AFTERNOON SESSION #1
Yodlee -Peter Hazelhurst, SVP Products
New Yodlee dashboard highlighting capabilities that used to be hard to get to
Web 2.o interface based on widgets
New UI indicates good and bad times to pay bills, based on expected balances
New feature is the FinApp store, where consumers [...]
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I am live blogging Finovate2009 from NYC.
MORNING SESSION #2
Outright.com – Kevin Reeth, CEO
Online tools for tracking small businesses and self-employed people for records like business expenses
Imports and classifies expenses from credit card statements
Integrates with FreshBooks (free, open source small business accounting software)
Also integrating to PayPal API for those who receive payments that way
No storage [...]
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I am live blogging Finovate2009 from NYC.
MORNING SESSION #1
BrightScope – Ryan Alfred, President
Mission: Help Americans retire in dignity
Website provides additional information on existing employer 401k plans
Provides ratings and does comparisons on plan performance
Can also upload plan documents for plans not already covered, no matter how small
Free to the employee
So, what’s the business model?
Provide tools for [...]
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I am attending Finovate 2009 in NYC today – a whirlwind of financial innovation. Each company has seven minutes to demo their latest and greatest technology; no PowerPoint allowed! I’ll do my best to keep up and give you real-time updates on the presentations.
Finovate events are organized by Online Financial Innovations which also writes the [...]
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Chase Blueprint brings new transparency and consumer control to credit cards
Today’s announcement of the new “Blueprint” functionality by Chase Card Services represents a significant generational inflection point in the evolution of the US credit card business.
Although they often try to refute it, for more than 25 years US credit card issuers have marched steadfastly in [...]
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Fresh off raising another $42 million of star-studded (Goldman Sachs this time) venture capital, Steve Case and Jason Hogg came to the NACHA Payments 2009 conference today to tell the banking world about their payments “Revolution”.
Apart from reiterating last week’s deal with Chase Paymentech (bringing potential acceptance to 650,000 merchant locations and websites), not much [...]
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I‘ve been trying to enjoy the little culture skirmish that surfaced last week as media watchdog Jon Stewart of the Comedy Central took comedian Jim Cramer of CNBC to task for failing to warn the public that the valuation of houses, equities, municipal bonds, commodities, and every other financial asset in the global economy had [...]
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Somehow the issue of how to compensate the management of America’s crippled banks has becoming a more compelling topic than the more fundamental question of how to (or whether to) rescue those banks.
Michael Kinsley jumps into the middle of this debate in today’s Washington Post with an article titled “Banking for Dummies”, poignantly questioning [...]
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By Bryan Derman
It seems like it’s been a month now that we at Glenbrook – and people all around the payments business – have been holding our collective breath waiting to see what level of purchase volumes would be reported by MasterCard and Visa for Q4 2008.
Well, the results came in the last [...]
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CheckFree and AT&T Mobility recently announced that AT&T would begin supporting electronic bill presentment through CheckFree-powered bank bill pay sites. AT&T Mobility’s more than 70 million customers will now be able to receive their bills electronically at their bank’s bill pay site if the bank is a CheckFree customer. AT&T Mobility joins 400 [...]
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We were intrigued by this week’s announcement that the FDIC had issued enforcement actions against two banks (and reached a settlement with a third bank) related to their sponsorship of credit card programs promoted by CompuCredit.
These actions follow a lawsuit by the Federal Trade Commission against a subsidiary of CompuCredit alleging deceptive practices in the [...]
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Glenbrook Payments Boot Camp
Mar 10-11, 2010, Santa Clara, CA
May 19-20, 2010, Santa Clara, CA
Headlines from Payments News
