Today’s announcement of American Express acquiring Revolution Money caught many of us industry pundits by surprise – especially given the $300 MM price tag that Amex paid for the deal. But, upon reflection, and after listening to the Q&A section of...
Over on the Credit Slips blog, Adam Levitin writes about the implications of remote deposit capture for the banking industry. I see a parallel between what’s happening with RDC and what happened 20+ years ago in the credit card business with the deployment of...
Last week, I was thinking a bit about the many issues of fraud in the card payments world and how the lack of a business case within the industry itself has slowed adoption of various technologies that could be deployed to reduce fraud. It struck me that the old but...
Some of us payments geeks often lose sight of what merchants really want – they just want to sell more. Selling more stuff is like 10 times more important to them than saving money on their costs of payment acceptance. Bill Me Later is but one recent example of...
In a frankly depressing but undoubtedly realistic column this morning titled “National Addiction to Easy Credit Remains Consumers’ Downfall”, Michelle Singletary, the Washington Post’s personal finance columnist, writes that the credit card...
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