Payments Views

Apple

Payments 2017 – One Month In

Business evolution—whether it’s automotive, bioscience, or in the payments industry—proceeds along a predictable path of incremental improvements and optimization. Until it doesn’t and a step function takes effect. Last year was sleepy compared to what we can expect during the next eleven months. 2016 was characterized by the more familiar path, through themes set in […]

Bitcoin

What Blocks the Blockchain

Given the high rate of press releases and articles on fintech applications of blockchain technology – and the growing number of financial institutions expressing interest in its potential – I’ve been considering this high signal to noise ratio. A few thoughts: Hype cycle inflection point We are, hopefully, cresting the top of the blockchain hype […]

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 […]

Banking Industry

Payments Regulation in the United States is Hampering Innovation (Really?)

A great friend of Glenbrook’s is Broox Peterson, formerly Senior Vice President and Assistant General Counsel at Visa International and currently in private practice. Earlier we posted his article So You Want to Start a Payments Company? which has helped many entrepreneurs and investors understand the considerations involved in payments-related businesses. In this new article, […]

Bitcoin

Bitcoin in 2014

Last year was, of course, the break out year for Bitcoin.  Incubating in geek-nurtured obscurity during its first few years, 2013 saw the international media, global investors, entrepreneurs, and even a few just plain citizens jump onto the math-based currency (fewer managed to actually purchase some bitcoin). The currency has since ballooned in value.  It […]

ACH

Bankers to NACHA: 1978 Is Modern Enough for Us!

The NACHA membership has reportedly turned down the concept of “Same Day ACH“. This was a request for comment, put out about a year ago by NACHA staff, to — get ready for this — not move the ACH to same day, but simply allow originating banks the option of submitting a same day batch […]

Banking Industry

So You Want to Start a Payments Company?

A great friend of Glenbrook’s is Broox Peterson, formerly Senior Vice President and Assistant General Counsel at Visa International and currently in private practice. In 2006, Broox wrote a very popular article that we shared on PaymentsNews.com. He’s just updated that article to reflect some changes – and we’re delighted to be able to share […]

Cash Payments

Currency in a Digital Form

Two related announcements out of Canada work to reduce currency in circulation. Last week the Canadian government announced the demise of the penny.  The cost to produce a penny has surpassed its value.  The coins in circulation will still be considered legal tender and hold their value, but the mint will cease production and in […]