Payments Views

Allen Weinberg

Disruption and Innovation at the Point of Sale

Surprising disruptions and unanticipated consequences abound in payments. Sometimes, it’s just a rule change that makes all the difference. In 2001, the NACHA rule enabling ad hoc web debits was put in place, primarily at the behest of banks who wanted to make it easier for their cardholders to pay their credit card bills. Great […]

Card Acceptance

New POS Security from Old System Topology

Anyone around technology for a couple of decades recognizes how old ideas tend to return. To those folks, using a browser to do data entry into an enterprise database looks a lot like a mini or mainframe system’s terminal application. Back for another incarnation in payments is an old fashioned topology familiar to anyone who […]

Bitcoin

Regulation, the Blockchain and Programmable Money

One of the truly interesting presentations at this year’s Money2020 was the speech by Ben Lawsky, superintendent of New York’s Department of Financial Services. Lawsky’s remarks focused on his department’s BitLicense proposal and demonstrated the struggle Lawsky and his team face as they create regulation for Bitcoin and math-based currencies (MBCs) in general. Released in […]

Apple

Apple Pay Stirs, But Doesn’t Shake, the Mobile Landscape

The Apple Pay announcement finally came yesterday and the company’s orchestration of much of the complex and fractious card payments ecosystem demonstrates Apple’s insight into how the current payments ecosystem works and how it must be aligned in order to meet its own needs. Combining NFC, Apple’s Passbook wallet, Touch ID biometric reader, cards stored in the […]

Bitcoin

Bitcoin and Payments Survey 2014

We’re at it again. We’re conducting our second annual Bitcoin and Payments Survey. Please participate! The survey takes about 7 minutes, maybe less. Do it from your smartphone while you’re waiting in the market’s check-out line or on the sofa using your tablet. The survey is mobile friendly.

Bitcoin

Learnings from the Bitcoin Workshop

Bryan Derman and I led Glenbrook’s second Bitcoin: Basics and Beyond workshop a couple of weeks go, this time in NYC from the 22nd floor board room of the Downtown Conference Center, a great space (the staff took great care of us, too, thank you). As with every Glenbrook workshop—especially with our smaller Insight workshops on […]

Bitcoin

Dark Wallet and Bitcoin Regulation

Here we go again. The discussion and debate over Bitcoin’s legitimacy and its labeling as the province of anarchists and criminals is about to get louder again. Why?  Because Dark Wallet, an easy to use browser plug-in that makes bitcoin transactions far harder to trace, is coming on the scene. The release of yet another […]

Big Data

Dennis Moser on Merchant Payments Complexity

Dennis Moser is Glenbrook’s payments systems expert.  He’s worked on building the engines that make payment networks run, especially the critical component of the POS and payment acceptance infrastructure.  He’s also been neck deep in payment data management systems, both as a designer and as a data mining practitioner. Dennis and I have worked together […]

Bitcoin

Glenbrook Launches Insight Workshop Bitcoin: Basics and Beyond

Any reader of Payments Views knows that most of us at Glenbrook are impressed by the potential of math-based currencies (MBCs). And all of us agree that participants in the payments industry (in the broadest sense) need to understand Bitcoin and its crypto-currency relatives. Having seen so many Internet technologies grow from concept to first […]

Bitcoin

What Comes After Bitcoin?

Since the media latched onto Bitcoin as good fodder for the 24 hours news cycle, the hard focus has been on Bitcoin, its merits, and shortcomings, as a currency, commodity, and as next generation payment rails. My thinking on its currency and commodity aspects is straightforward. If you don’t understand Bitcoin, don’t buy it, caveat […]