Payments Ecosystem
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Payments Ecosystem
The Payments ecosystem is evolving at an unprecedented pace driven by mobile, cloud computing, start-up's challenging the behemoths, and new technologies. My personal collection of curated stories and blogs.
Curated by Vineet Anand
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Finextra: Fed sets out faster payments options

Finextra: Fed sets out faster payments options | Payments Ecosystem | Scoop.it
The US Federal Reserve has set out a series of options for speeding up the country's antiquated payments system.
Vineet Anand's insight:

There is some hope of seeing a development initiative taking off the ground for Faster Payments this year!

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Finextra: Former ING Direct chief launches Canadian mobile banking service

Finextra: Former ING Direct chief launches Canadian mobile banking service | Payments Ecosystem | Scoop.it
Former ING Direct CEO Arkadi Kuhlmann has launched a mobile banking service in Canada that promises to cater to "citizens of the world" through a multi-currency savings account.
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Finextra: Swyp bids to replace wallets with a single card

Finextra: Swyp bids to replace wallets with a single card | Payments Ecosystem | Scoop.it
Swyp has become the latest startup to promise to replace the credit, debit, gift and loyalty cards in customers' wallets with a single card and app combo.
Vineet Anand's insight:

Another Coin and Plastc value story. Lack of EMV, NFC capability will limit growth and usage as dependence is on mag stripe. 25% US merchants will like have EMV by year end similar to Asia and Europe! 

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Finextra: Banks set blockchain/Internet of Things challenges for SBC hackathon

Finextra: Banks set blockchain/Internet of Things challenges for SBC hackathon | Payments Ecosystem | Scoop.it
The future of the blockchain and the use of the Internet of Things in financial markets are among the challenges set out by banks participating in the next Startupbootcamp hackathon in London.
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Finextra: Apple takes lion's share of US contactless payments

Finextra: Apple takes lion's share of US contactless payments | Payments Ecosystem | Scoop.it
Apple CEO Tim Cook has declared 2015 'the year of Apple Pay' as the consumer tech firm reported the biggest quarterly profit ever made by a public company on the back of record iPhone and iMac sales.
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Finextra: Level39 and Nest open startup trade route between London and Hong Kong

Finextra: Level39 and Nest open startup trade route between London and Hong Kong | Payments Ecosystem | Scoop.it
Canary Wharf accelerator space Level39 has opened a tech trade route to Hong Kong, through a partnership with Asian startup incubator Nest.
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Finextra: Alibaba's Ant Financial takes credit scoring to a new level

Finextra: Alibaba's Ant Financial takes credit scoring to a new level | Payments Ecosystem | Scoop.it
Ant Financial, the financial services arm of e-commerce giant Alibaba, is leveraging Big Data technology and all of its considerable customer assets to launch a powerful new credit scoring agency.
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Capital One Acquires Budgeting App Level Money

Capital One Acquires Budgeting App Level Money | Payments Ecosystem | Scoop.it
Capital One has acquired San Francisco-based money management app, Level Money, the companies are announcing this morning. The app, which is focused on..
Vineet Anand's insight:

PFM space M&A - Check picked by Mint, and now Level Money by Capital One - buy strategy a great way to expand PFM capability.

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PeerTransfer’s $22M Round Will Take It to UK, Australia and Beyond | Bank Innovation

PeerTransfer’s $22M Round Will Take It to UK, Australia and Beyond | Bank Innovation | Payments Ecosystem | Scoop.it
PeerTransfer, a payments startup enabling international students to pay tuition fees in the currency of their choice, announced it has received some currency of
Vineet Anand's insight:

Another emerging domain for C2B transactions to compete with likes of Paypal, WUBS !

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The One Video You Must Watch on the Future of M-Payments and Apple Pay | Bank Innovation

The One Video You Must Watch on the Future of M-Payments and Apple Pay | Bank Innovation | Payments Ecosystem | Scoop.it
Starbucks chairman & CEO Howard Schultz explains why Apple Pay will benefit -- yes, benefit -- Starbucks.
Vineet Anand's insight:

Howard talks about mobile payments $1.3B in 2013 with 90% from StarBucks .. math works out to $3.51 per transaction !!

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Bitcoin's Price Over Next 3 Years - Survey Results Released

Bitcoin's Price Over Next 3 Years - Survey Results Released | Payments Ecosystem | Scoop.it
Hedgeable, a digital wealth manager founded in 2009, asked 300 members of the Bitcoin community for one, two, and three-year price predictions earlier this month.
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Congress to Hold First Data Breach Legislative Hearing | PYMNTS.com

Congress to Hold First Data Breach Legislative Hearing | PYMNTS.com | Payments Ecosystem | Scoop.it
After a year of high-profile retail data hacks, and with the big EMV target date approaching, legislators on Capitol Hill have agreed to hold a legislative
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Look Out Apple: Samsung’s Set To Debut Its M-Pay Plan | PYMNTS.com

Look Out Apple: Samsung’s Set To Debut Its M-Pay Plan | PYMNTS.com | Payments Ecosystem | Scoop.it
Samsung fans and mobile payment fanatics have something new to look forward to this year at Mobile World Congress. According to reports on Sammobile.com,

Via Kenneth Carnesi,JD
Vineet Anand's insight:

My take so-far - Samsung Pay strategy will be to using LoopPay(for swipe) in addition to HCE (for NFC) to drive usage. Is it likely that LoopPay will be offered free with new smartphones? Samsung will be burning another hole in its balance sheet to play catch-up with Apple?

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Missouri Eyes Mandating Photo ID with Apple Pay | PYMNTS.com

Missouri Eyes Mandating Photo ID with Apple Pay | PYMNTS.com | Payments Ecosystem | Scoop.it
In the digital age, consumers increasingly demand a fast, seamless, hassle-free checkout process. As technology evolves to meet that demand, some fear that a

Via Kenneth Carnesi,JD
Vineet Anand's insight:

Seriously - Photo id with Apple Pay / Mobile Wallets !! And next we have to work on encrypting / tokenizing the id card numbers with merchants to avoid photo card breaches. 

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Average User has 5.54 Social Media Accounts, Says Study

Average User has 5.54 Social Media Accounts, Says Study | Payments Ecosystem | Scoop.it
How many social media accounts do you have?
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C-Store Chain Wawa Debuts a Mobile Payments And Rewards App

C-Store Chain Wawa Debuts a Mobile Payments And Rewards App | Payments Ecosystem | Scoop.it
C-Store Chain Wawa Debuts a Mobile #Payments And Rewards App http://t.co/i7k1YNZeAF

Via Kenneth Carnesi,JD
Vineet Anand's insight:

Wawa clones Starbucks mobile payment model !! Another closed loop wallet that will add chaos in consumers mind, wallet choices, once CurrentC launches. 

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For The First Time Ever, Americans Spend More Time Using Mobile Devices Than TV

For The First Time Ever, Americans Spend More Time Using Mobile Devices Than TV | Payments Ecosystem | Scoop.it
People spend nearly 3 hours in front of mobile devices each day.
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Givex acquires Chase Paymentech’s Gift Card Business

Givex acquires Chase Paymentech’s Gift Card Business | Payments Ecosystem | Scoop.it
A blog about point of sale topics. POS hardware and software items. Click for more info.
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MasterCard brings Apple Pay to the PGA Tour w/ perks for attendees paying from iPhone

MasterCard brings Apple Pay to the PGA Tour w/ perks for attendees paying from iPhone | Payments Ecosystem | Scoop.it
MasterCard announced today that it’s bringing Apple Pay to the PGA Tour starting with its first stop at the Waste Management Phoenix Open kicking off this week. MasterCard will also offer attendees...
Vineet Anand's insight:

Apple Pay ventures to PGA Tour in Phoenix .... watch for offers near 16th hole !! 

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Inroads Made by Apple Pay Propel ‘Mobile Wallet’ Idea

Inroads Made by Apple Pay Propel ‘Mobile Wallet’ Idea | Payments Ecosystem | Scoop.it
Apple’s Apple Pay payments service, now three months old, is making progress toward a goal that has eluded other mobile wallets: persuading people to use it.
Vineet Anand's insight:

It is a matter of time Apple Pay to evolve Release 2 in 2015 that will address the data considerations that drive loyalty at merchants !

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Amazon Pilots Visual, Mobile-Only Affiliate Product To Rival Skimlinks and VigLink

Amazon Pilots Visual, Mobile-Only Affiliate Product To Rival Skimlinks and VigLink | Payments Ecosystem | Scoop.it
Amazon is testing a new service that could help it and its publishing partners drive more traffic (and, importantly, purchases) from customers on mobile..
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How Mobile Shifts The Paradigm Of Payments Authentication | PYMNTS.com

How Mobile Shifts The Paradigm Of Payments Authentication | PYMNTS.com | Payments Ecosystem | Scoop.it
It’s hard to imagine life without the smartphone. Mobile devices are now being used to complete the shopping process online and in stores – and 94 percent of us
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Government Rolls Out Chip and PIN

Government Rolls Out Chip and PIN | Payments Ecosystem | Scoop.it
As a result of President Obama’s “Buy Secure” initiative, the federal government this month is kicking off its chip-and-PIN rollout. Fraud experts now debate
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Apple Pay, Google Wallet Making Inroads, but Consumers Still Not Buying It

Apple Pay, Google Wallet Making Inroads, but Consumers Still Not Buying It | Payments Ecosystem | Scoop.it
Apple and Google have done a decent job getting some consumers to use their digital wallets, but a lot of work has to be done to help broaden acceptance.
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Do you have bitcoins?

Do you have bitcoins? | Payments Ecosystem | Scoop.it
Xapo is launching the first Bitcoin debit card. Spend your bitcoins anywhere.
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Curated by Vineet Anand
Payment Industry leader passionate about Fintech, Innovation in Banking, Product Management & Strategy, driving revenue growth through client management, business development and P&L focus.