From the category archives:
A few weeks ago, Glenbrook issued a challenge to Payments Views readers: “What Are the Best Ways for Banks to Replace Lost Overdraft Fee Income?“ Given how significant the financial hit will be (JPMorgan Chase estimates a 2010 impact of $500 million after-tax), we thought we’d at least get some good ideas. [...]
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For the last several months, Glenbrook’s Carol Coye Benson has been interviewing a number of companies involved in mobile payments in the U.S. and Canada. You’ll find all of the analyses she’s written following those interviews here on PaymentsViews.com. The companies included are Billing Revolution, Blaze Mobile, Bling Nation, Boku, CashEdge, First Data [...]
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Bank income from debit card overdraft fees is variously estimated as $25 billion to $38 billion annually. The recently announced Federal Reserve Bank regulations requiring opt-in procedures will result in a gigantic hit to retail bank P&Ls, as we wrote about recently. JPMorgan Chase, for example, in a recent investor presentation, estimated [...]
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I think it’s fair to say that the success of remote deposit capture (which allows the recipient of a check to scan and deposit it electronically) took the payments industry somewhat by surprise. The early take on this offering seemed to be “hey, why not just change to electronic payments”?
The answer, of course, was that [...]
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The Fed’s announcement on Thursday of a new rule prohibiting overdraft fees on debit card and ATM transactions without consumer opt-in is an economic earthquake for retail banks.
The Center for Responsible Lending has estimated that banks make $23.7 billion in overdraft fees annually; the New York Times said this morning that Fed officials had put [...]
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One of the good things about having a really odd company name is that people do remember it. We mostly heard skeptical laughs when Bling Nation first emerged from stealth. But lately we’ve been getting more questions…. I spoke recently to co-CEO and founder Wences Casares.
Wences and co-CEO Meyer Malka have an interesting background, having [...]
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Erin McCune and I attended the Association for Finance Professionals conference in San Francisco on Monday and Tuesday. With 4,000 plus “practitioners” and vendors there, and a robust Payments Track, there was a lot of food for thought. A standout session was “Same Day ACH” with Rich Oliver of the Fed (and the [...]
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My colleague Carol Coye Benson and I are attending the Association of Financial Professionals Annual Conference in San Francisco next week. If you are planning to attend and interested in getting together to talk B2B payments (or any other payment topic) let us know!
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Last week, Starbucks announced a raft of new mobile capabilities, with iPhone apps to enable consumers to use their phone as their card in a variety of ways, including seeing a balance and reloading. For the payments industry, however, the announced test of a usable-for-purchase prepaid card on the phone, using 2d bar code technology, [...]
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At Glenbrook, we’re fascinated by the topics of mobile payments (in general); the potential for new ACH applications; and the continued growth of eCommerce. So it was great to talk to Conrad Sheehan, CEO of mobile payment startup mPayy – who has moved his company right into the center of all three topics.
To start with, [...]
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The Glenbrook team is devouring advance copies of “Priceless: The Case that Brought Down the Visa/MasterCard Bank Cartel” by Lloyd Constantine.
All I can say is “wow”! This is juicy reading that I’m sure all payments professionals will want to add to their book bag!
From the advance material on the book:
Priceless offers readers an insider’s telling [...]
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While the list of start-ups focused on mobile payments for digital content, eCommerce physical goods and/or person-to-person transfers continues to grow, another part of the industry is biding its time, with an eye on what may be a much larger prize.
What’s at stake are point-of-sale, in-person payments – what Glenbrook estimates to be roughly $4 [...]
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Among other recent interviews on mobile payments, we took a look last month at two companies (Boku and Zong) that are focusing on bill-to-carrier models for digital content purchases in the online gaming arena. Fascinating, but surely (for my demographic, at any rate) a niche market – after all, how many times have you spent [...]
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Editors Note: Glenbrook, along with the rest of the payments industry, has been watching developments in mobile payments closely. This is one of a series of posts by our partner Carol Coye Benson. Thus far she has profiled Boku, CashEdge products, Canada’s Zoompass, Zong, Billing Revolution, and Blaze Mobile. Today she takes a look at [...]
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Editors Note: Glenbrook, along with the rest of the payments industry, has been watching developments in mobile payments closely. A few weeks ago, our partner Carol Coye Benson profiled Boku and CashEdge products. Today, she takes a look at Canada’s Zoompass (below), Zong, Billing Revolution, and Blaze Mobile. [UPDATE Aug 6th: Be sure to check [...]
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Glenbrook Payments Boot Camp
Jan 20-21, 2010, Santa Clara, CA
Feb 10-11, 2010 - New York, NY
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