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 […]

Payments Views

Why Talk About Risk in Payments?

Let’s be honest, risk is not the first topic people gravitate to in payments. It’s much cooler to talk about open banking, fret about PSD2 implications, or ponder the pros and cons of a cashless society. Even risk managers I know tend to keep quiet about risk – especially at social events. So why are […]

Payments Views

Challenging the Challenger Banks

Fintech startups have begun a phenomenon some call the “unbundling of financial services” through standalone products such as unsecured consumer loans, credit cards, checking and savings accounts, or personal financial management tools. A cohort of entities known as “challenger banks” or “neo-banks” have also entered the market in an attempt to take on digital banking […]

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 […]

Payments Views

Amazon Go is the Uberization of Retail

I had a chance to visit the Amazon Go Store recently and wanted to speculate a bit on how it all works, from a payments perspective, and think about the implications. The new concept store, if you haven’t heard, eliminates the all-sacred checkout. Who cares about Apple Pay adoption rates or EMV transaction speed when […]

Allen Weinberg

Reflections: Back to the Future

Today, Glenbrook celebrates its 15th birthday. It’s been quite a journey – an amazing one in so many ways – yet it also sometimes feels like we’re still on Day One! There’s so much happening in payments – and, more broadly, in commerce, financial inclusion, and crypto currencies! I was very fortunate to make a […]

Contactless

Dispatch from the Smart Card Alliance Payments Conference

For those companies and individuals most committed to building the EMV and NFC ecosystems, the place to be February 3rd through 7th was Salt Lake City where the Smart Card Alliance hosted both an EMV Migration Forum meeting and its annual Payments Summit.  Over 525 people attended, representing the chip industry, payment processors, card brands, […]