Payments Views

Banking

Who’s a Better Fraud Investigator — You or Your Bank?

We often get interesting questions about payments, and the latest one stumped us: “How many credit and debit fraudulent uses are first detected by the bank? By the customer?” We don’t know the answer to that one ­­or of any good source for this data ­­ so we thought we’d ask you, members of the […]

B2B Payments

There Is No Such Thing As An International Wire

As globalization increases, businesses of all sizes buy goods and services from overseas suppliers and turn to new customers in overseas markets to drive growth. As a result, the demand for cross-border transactions steadily increases. The vast majority of these transactions takes place through correspondent banking relationships and collectively described as “international wires.” The reality […]

Banking

How to Get Along and Do Good

Recently I shared my views about the developments underway in the mobile and payments space in Latin America. In that story, I address how individual countries are taking big strides toward reshaping their national payments landscape. Another remarkable, and equally little known, story is happening in southern Africa where the payments infrastructure in 15 countries […]

Banking

A Deposit By Any Other Name?

What’s the difference between card acceptance and a deposit? In both cases, money is being delivered into a merchant’s bank account – in fact, a purist would point out that a deposit actually is the last stage of card acceptance for a merchant. But consider instead a different kind of deposit – something that is […]

Allen Weinberg

Green Dot’s New Mobile-Optimized Bank Account

I had the opportunity to attend the launch event of Green Dot’s new GoBank yesterday (1/15/13) in San Francisco and came away quite intrigued. Sure, there are a plethora of financial services targeting the unbanked and underbanked, but what I found most interesting was Green Dot’s focus on the “unhappily banked” and those new to […]

Banking

The State of Payments – U.S. Market 2012

It’s hard to believe that the end of 2012 is in sight – and it’s almost equally hard to believe that three years ago, a few of us at Glenbrook were thinking, “gee – all the exciting stuff in payments has already happened”. Yet we don’t think we’ve ever seen so much action in the […]

B2B Payments

Co-Dependence Between Banks and Their Technologists: Hampering Innovation

Talking to banks and the biggest bank technology vendors at NACHA’s annual payments conference last week I couldn’t help thinking how they suffer from similar challenges. Big banks are hampered by their complex technology environment of legacy solutions with layers of more modern solutions built on top. Products and customer segments are managed in silos defined […]

B2B Payments

Cross-Border Payments Perspectives [New Glenbrook Research]

Glenbrook recently conducted two surveys to develop a detailed understanding of the ideal cross-border payments solution from the perspectives of both payments professionals and payments initiators. We are publishing the results today to coincide with Sibos, the annual international banking conference taking place this week in Toronto. Our research was sponsored by Earthport LLC. In March 2011 […]

Allen Weinberg

Listening to Chris Dodd’s Keynote at the ETA Annual Meeting

Former Sen. Chris Dodd, ex-Chair of Senate Banking Committee, probably needs no introduction to anyone in payments. In his keynote address to the annual meeting of the ETA this morning, he commented on the Durbin Amendment: Excluded interchange from original bill because it was so complicated. “Almost impossible … to draft something that struck a […]

Banking

Thinking Through Moves and Countermoves on the Durbin Chessboard

After months of speculation and hand-wringing, last Friday we finally got a relatively complete reading on how the Federal Reserve will likely implement the prescribed regulation of debit interchange and debit network competition. My partner, Carol Benson, has also shared a summary of how various payment domains and players might be affected in the near […]