Growing use of mag stripe swipe-equipped wireless cell phones and PDAs enables credit and debit card payment for mobile service providors and vendors. You may have already experienced this returning rental cars and in some restaurnts (particularly in Europe); the article descibes a golf instructor taking payment via credit card with her Blackberry.
For small merchants that typically call in their payments the new wireless methodlogy allows access to lower interchange fees for swiped transactions.The investment is relatively small – as little as $200-250.
Soon you may be buying those organic peaches at the Farmers Market with your credit card.
Wireless Moves the Cash Register Where You Are
The New York Times – November 26, 2005
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During her time at Glenbrook, Erin focused on client engagements in business payments, cross-border transactions, bill payment, and the intersection of corporate finance, banking, and ERP/accounting. She has nearly twenty years of experience leading increasingly complex payment initiatives for corporate clients and advising financial institutions and payment technologists on the development of their payment capabilities.
Erin is also the founder of Forte Financial, a consulting firm focused on corporate finance efficiency, technology, and process improvement. She is a past president of the Financial Women’s Association of San Francisco and also a two-term past president of the San Francisco Treasury Management Association. Erin is no longer with Glenbrook, but contributed greatly during her time at the firm.