Payments Views

Glenbrook

Federated Bank ID: Implications for Business Payments

At Glenbrook we’ve been thinking about consumer data privacy and control, particularly as multiple competing ‘Faster Payment’ schemes arise in the U.S.. Obviously consumers need to feel comfortable asking for money; but they also need to safely receive and respond to ‘request for payment’ from billers and other businesses. This is a global concern. Citi […]

Bryan Derman

In Zuck We Trust?          

We got the first real details this week on the Facebook-sponsored Libra cryptocurrency. Opinions are still taking shape around Glenbrook, but it’s fair to say that the team is deeply intrigued by the possibilities and sees it as both a novel and potentially very practical application of blockchain technology. We think the consortium-based governance, open […]

Glenbrook

Creative Tension Shapes the Fintech-Bank Ecosystem

In my last post I covered the proliferation of challenger banks, the mobile-first, digital-only neo-banks and what differentiates them from the incumbents. While the media lens is usually focused on the front-end, the user experience, I’m always curious about what’s powering these operations under the hood. From the traditional banks’ perspective, fintech companies are just […]

Glenbrook

Prepaid Power and Financial Inclusion at Fintech South

Georgia is a nexus of global payment processing and merchant acquiring activity. Some two-thirds of all U.S. purchase volume is processed there. That’s a lot of debit and credit card transactions. But what are those same companies doing to improve payments for the underbanked? That combination of payments technology and financial inclusion concerns was the […]

Glenbrook

The Apple Card May Not be Revolutionary—But It Offers a Thoughtful Bundle of Features and a Glimpse into the Post-Card Era

Apple’s March 25th keynote event announced forthcoming offerings to further build out Apple’s Services line—video media streaming, print media subscriptions, gaming, and more. Most interesting to us at Glenbrook (surprise!) was Apple’s co-branded credit card launched in partnership with Goldman Sachs and Mastercard. The Apple Card, to be released in the summer, integrates consumer controls, […]

Bitcoin

A Dollar by Any Other Name: Thoughts on Digital Fiat Currency

What are central banks – and governments – going to do about cryptocurrencies? I was in New York last week to better understand what central bankers are thinking about – and doing – with respect to “Digital Fiat Currency”. The workshop was part of an ITU Focus Group Program on “Standardizing Digital Fiat Currency and […]

Glenbrook

Payment Rails and Other Tales

In Glenbrook’s Payments Boot Camp™, we are always talking about payments systems – how they work, how they evolved, who uses them, who provides them, who profits from them, and how they are changing. So I was a little surprised when one of the participants approached me recently at break and asked if we would […]

Glenbrook

5 Payments Challenges Facing Nonprofits

Tax Day has come and gone, and Americans have filed our returns and many of us even took the time to itemize our charitable contributions. According to the IRS, these contributions totaled over $390B in 2016 – a new record year of giving. While the rise in giving is welcome news, nonprofits also have to […]

Glenbrook

Madness in Marijuana Payments

In my state’s recent midterm primary elections, I voted for the referendum on legalizing recreational marijuana. It reminded me of recent conversations I’ve had with payments professionals trying to tackle the issue of providing safe and secure financial services to marijuana-based businesses: One CEO said they have put serious effort into this market. They’ve worked […]

Carol Coye Benson

“I know Scott!”

Our co-founder, partner and friend, Scott Loftesness, is formally retiring from Glenbrook today.  I can’t begin to say how much I will miss him – as a colleague, as a mentor, and as an endless source of ideas and insights.  Glenbrook is today what it is largely because of Scott’s vision for the firm: a […]