Thursday , April 19, 2018

John Stewart

Starting as an editor on Bank Network News at Faulkner & Gray, John ultimately played a key role in starting, editing, and publishing many of F&G's flagship publications, including Credit Card Management, Card Technology, Card Marketing, and Collections & Credit Risk. Before co-founding Boland Hill Media, John was a group publisher at Thomson Media responsible for a $10 million division embracing magazines, newsletters, and Web sites.

With P2P Rivalry Heating up, Google Brings Gmail Payments to Its Android Platform

Alphabet Inc.’s Google Inc. unit converted its Android-based Google Wallet into a peer-to-peer payment service two years ago, and on Tuesday Google extended that service to Gmail, its popular email application. With the new feature, Gmail users can send and request money on Android phones, much as they have been …

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Chase’s Technology Deal With MCX Is Likely to Boost Chase Pay As CurrentC Declines

The long downward spiral of Merchant Customer Exchange LLC reached another milestone Friday with JPMorgan Chase & Co.’s announcement that it is acquiring technology assets from MCX. The money-center bank will use the technology to help launch its fledgling Chase Pay mobile wallet with more merchants. Waltham, Mass.-based MCX is …

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As a Hostile Congress Tries to Axe Its Prepaid Rule, the CFPB Proposes a Six-Month Delay

Facing a Congressional effort to overturn its recently released prepaid rule, the Consumer Financial Protection Bureau on Wednesday issued a proposal to delay the rule’s effective date by six months. In the 16-page proposal, the agency suggests moving the effective date from Oct. 1 of this year to April 1, …

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Some Data from Chase May Show How the Fledgling Zelle Could Outrun PayPal’s Venmo

All eyes in the person-to-person payments business may be on Venmo these days, but a few tantalizing numbers released last week by JPMorgan Chase & Co. could indicate that a new, bank-controlled payments service set to launch this year will literally give PayPal Holdings Inc.’s P2P app a run for …

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An API Emerges to Let Businesses More Easily Exploit Same-Day ACH Processing

When the nation’s automated clearing house network introduced same-day settlement in September, it was only a matter of time before an application programming interface became available to simplify faster clearing. On Monday, that day arrived with Dwolla Inc.’s announcement that it was commercializing a same-day ACH API. The code, which …

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Dining-Tech Startups Attract Steady Funding As Eateries Seek Faster, Smoother Service

The restaurant industry has become a focal point for mobile payments, what with efforts to tie payments to technology like mobile loyalty, order-ahead, and delivery apps to appeal to deal-seeking, time-starved diners. Now comes news that startups offering restaurant technology are consistently attracting financing exceeding half a billion dollars annually—a …

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With McDonald’s Saying ‘I’m Lovin’ It’ to Order Ahead, Mobile Payments Could Get a Boost

Mobile order-ahead-and-pay functionality has been adopted lately by restaurants ranging from Starbucks Corp. to Chick-fil-A. But with the announcement on Wednesday by McDonald’s Corp. that it will offer the service on its mobile app, the world’s largest hamburger chain could finally push mobile payments into the consumer mainstream. At an …

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More Bad News: Phishing Attacks Surged 65% to Hit a Record 1.22 Million in 2016

The bad news about payments risk just keeps on coming. The Anti-Phishing Working Group Inc. reported this week that phishing attacks reached an all-time high in 2016, totaling 1,220,523. That was up fully 65% over 2015, the group says in its latest quarterly report. Another way to look at the …

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How Ant Financial Is Laying the Foundation for Alipay’s Expansion

Ever since Ant Financial Services Group let it be known in October that it is working with key payments players like VeriFone Systems Inc. and First Data Corp. to bring its Alipay mobile-payments service to North America, the industry has wondered about the Chinese company’s strategy both in the United …

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Mastercard Looks to Scale up Masterpass And Order-Ahead With an Oracle Tie-Up

Mastercard Inc. and Oracle Corp. announced Monday a collaboration that could dramatically expand the reach of Mastercard’s Masterpass digital-wallet technology, as well as the network’s tokenization capability. Masterpass will be embedded into Oracle’s POS systems for retail and hospitality merchants. The companies said Oracle will embed Masterpass in systems it …

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