In this interview with Glenbrook's founding partner Carol Coye Benson, we discuss the prospects for a faster payments system in the US. Responding to the October 22 announcement by The Clearing House, Carol expresses her caution and hope for ways to accelerate replacement of today's system for credit push payments.   

Direct download: Pof_10_-_On_Faster_Payments_COMP.mp3
Category:general -- posted at: 10:59am EST

Realtime, consumer-facing authorization of card payment transactions has been available for some time but few of us have it offered to us by our issuers. Today, there's a number of technology providers selling truly realtime notifications and two-way approval requests based on the live authorization stream. Glenbrook's Russ Jones takes us through what's on offer while George gets grumpy over what he's got today. As more consumers become thorougly alarmed over data and privacy breaches, this could be the time for issuers and independents to offer the "worried" consumer more control and a strong role in fraud management.

Companies mentioned in this episode include:

TSYS Spend Controls for consuemrs and corporate card administrators

MasterCard InControl

Vantiv MobiMoney

Red Giant Mobile






Direct download: EP9_-_Realtime_Authorization_and_Messaging_COMP.mp3
Category:general -- posted at: 8:49am EST

Join George Peabody in a conversation with Stockpile's Dan Schatt on virtual banking, innovation, and the future of PayPal.  Dan is former GM of Financial Innovations at PayPal and the author of Virtual Banking: A Guide to Innovation and Partnering, a new book that includes a chapter on Bitcoin and math-based currencies by Glenbrook's George Peabody.  We also discuss Stockpile's innovative approach to equities ownership, a business model that will be fascinating to watch develop.

Direct download: EP_8_Dan_Schatt_COMP.mp3
Category:general -- posted at: 8:07am EST

Apple Pay's announcement has brought attention to biometrics and their role in payments security and to the broader, if amorphous, concept of online identity. Steve Wilson of Constellation Research and I discuss local and cloud-based biometrics, identity attributes, and the vexing challenges of privacy. 

Direct download: Biometrics_COMP.mp3
Category:general -- posted at: 8:31am EST