Headline News from PaymentsNews.com – December 9, 2013

Tags » Banking Industry, Bitcoin, China, Data Security, Fiserv, Mobile Banking, Payments News – Headline News, Square  » Comments (0)

On the web:

  • Tech Giants Issue Call for Limits on Government Surveillance of Users – – New York Times – “People won’t use technology they don’t trust,” Brad Smith, Microsoft’s general counsel, said in a statement. “Governments have put this trust at risk, and governments need to help restore it.”

  • Mobile Banks Gaining Popularity With Young Consumers – New York Times – “The new mobile models are evolving, but they show promise by focusing on what the customer wants to do, rather than relying on banking terms that most millennials don’t care about, said Jennifer Tescher, chief executive of the Center for Financial Services Innovation.”
  • How Square Is Structured for Rapid Decisions, Awesome Products – Fast Company – “Square Cash, the recently launched product that lets you email money, is representative of the responsiveness that the small team structure engenders.”
  • My Bitcoin Bummer — World’s Virtual Currency Plummets in Price (Again) – All Things Digital – “This steep drop came after some news that China’s big bank and some of its key companies — which seemed to have started the recent price spree by showing a bit of enthusiasm for bitcoin — were no longer mentioning bitcoin payments for their services.”
  • Nio Card Lets Users Send and Receive Bitcoin Via NFC – CoinDesk – “The device uses Bluetooth technology to connect to a user’s smartphone wirelessly.”
  • Tulip Bulbs for Our Time – Wall St. Journal – “The bitcoin is a mania like tulip bulbs in the 1600s and Beanie Babies in the 1990s.”
  • How the Bitcoin protocol actually works – Michael Nielsen – “Understanding the details of the Bitcoin protocol opens up otherwise inaccessible vistas. In particular, it’s the basis for understanding Bitcoin’s built-in scripting language, which makes it possible to use Bitcoin to create new types of financial instruments, such as smart contracts.”

On the wires:

Updates from Glenbrook:

Headline News from PaymentsNews.com – December 9, 2013
Payments News – from Glenbrook Partners
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