Yesterday Consult Hyperion’s Dave Birch paid a visit to Glenbrook World HQ here in Menlo Park. We talked payments, consulting, emerging markets, and blogging. But the highlight was our test of his UK issued contactless payment sticker at the 7-Eleven next to our office. It worked!
You have to be a hardcore contactless geek to understand why [...]
Today the Financial Women’s Association of San Francisco (FWASF) hosted its annual Scholarship Luncheon. Two undergraduates and six graduate students from six Bay Area schools received a total of $70,000 in scholarships. I am on the FWA board and have been involved in the scholarship program for many years — and each year I am [...]
Today, The Clearing House’s CHIPS wire payment system is 40 years old: ancient for an electronic payment system. It is one of two wire payment systems in the United States; the second is FedWire operated by the Federal Reserve. Wires constitute a relatively small number of US payment transactions but they account for the vast [...]
by Russ Jones on April 4, 2010
in Conferences & Meetings, ECommerce, Erin McCune, Facebook, Micropayments, NACHA, P2P, PayPal, Russ Jones, Social Media, Social Payments, Technology, Web 2.0 in Financial Services, Web/Tech
I’ve been thinking a lot lately about social payments, and have reached two conclusions. The first is that a payment facilitated by a social network is not a social payment—it’s just a normal customer-not-present payment. The second is that social payments are, by definition, social in nature and involve multiple parties. Hear me out on [...]
Are you planning to attend NACHA Payments 2010 in Seattle April 25-28? If so, let us know. Glenbrook will be there. Erin McCune and Russ Jones are speaking on the emerging world of social payments and the B2B cash payment challenges. Carol Coye Benson and Jay DeWitt will be meeting with vendors and industry leaders. [...]
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 Brothers of eCom Advisors.
On stage yesterday [...]
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 payments [...]
I am honored to be on the board of the Financial Women’s Association of San Francisco (FWA SF). Each year we award approximately $100,000 worth of scholarships to undergraduate and graduate women studying finance and accounting at Bay Area colleges and universities. Graduate students receive $10,000 and undergraduates receive $5,000.
This year’s deadline is March 17th. [...]
I spent most of 2008 and early 2009 completely obsessed with the credit crisis (evidenced by this index of the best crisis coverage I created just over a year ago). Reading this Andrew Ross Sorkin piece in tomorrow’s New York Times got me all riled up again:
What the Financial Crisis Commission Should Ask
NYTimes’ “Dealbook” column [...]
Glenbrook launched this Payments Views blog back in February as a place to debate and discuss the Payments News of the day. We’re thrilled with your participation in the comments and pleased with the steadily climbing traffic. Looking back over the past year, seven popular topics and recurring themes stand out:
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!
I’m in Baltimore attending the NACHA Council mega-meeting. This morning Aneesh Chopra, the Federal Government’s CTO (officially, director of technology for the President’s Office of Science and Technology) was the Keynote Speaker. He took a few minutes to warm up, but by the end he had the whole room of bankers, financial technology providers, regional [...]
The new International ACH format, IAT, goes into effect today. IAT is the single biggest change to the ACH network in decades. It affects all International ACH transactions that flow through the US ACH network, regardless of currency or country. The NACHA rule change both redefines what an International transaction is and creates a new [...]
Over at TechCrunch, Sarah Lacy laments the that too few of the start-ups on stage at this week’s TechCrunch50 were chasing audacious, world-changing ideas:
I did interviews with most of the TechCrunch50 experts backstage and there was a common gripe about the companies launching there: Not enough passion, not enough swinging for the fences, not enough [...]
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 [...]