Today's Wall Street Journal has a great write up on text messaging payment services. One noteworthly thing about the article is that it does a good job of distinguishing mobile phone payments between private parties (serviecs like PayPal's recently launched...
NACHA Press Release April 12, 2006HERNDON, Va. – April 12, 2006 – This May, banks, credit unions, non-profit associations, businesses, and governments across the nation will once again be asking consumers to increase their use of Direct Deposit and Direct Payment in...
Today's WSJ has a front page article on an emerging industry devoted to protecting consumers from abuses of RFID technology. The article describes hammering a credit card with an embedded chip to destroy its RFID capability, a $7 hole punch like device, and...
Today's SF Chronicle has an informative write up on mobile payments prompted by the CTIA Wireless 2006 convention in Las Vegas last week where PayPal announced its PayPal Mobile service. Using your cell phone as a smart wallet -- PayPal has a service that allows a...
7-Eleven, Exxon Mobil, and Circle K have introduced expanded service ATMs in their stores, hoping to attract and retain customers. Consumers can use these "ATMs on steriods" to not only get cash, but pay bills, transfer funds to other people, buy cell phone...
Approximately 150 season ticket holders of the Atlanta Hawks and Thrashers professional basketball and hockey teams were given Nokia 3220 cellphones with special chips embedded in the handset cover. The chip and digital wallet software, allows linking to their...
The research firm Celent published a new report on the mobile phone payment market, anticipating that mobile phones will be an increasingly popular vehicle for small dollar payments. Celent notes that this year will be devoted to working out the details of technology...
There's another option out there for consumers who don't like to buy online using credit cards. Bill Me Later, created by Timonius(Md.)- based I4 Commerce Inc, is now available on 230 e-commerce sites. How It Works: Consumers are asked to enter...
The 2004 Federal Reserve Payment Study stated that for the first time ever electronic payment transactions were higher then check transactions. What does this mean for the Federal Reserve and commercial bankers? Anthony Santomero, the President of Federal Reserve Bank...
P-Cards are not a new concept for companies. However, many companies are expanding its use, making the P-Card an extremely powerful tool. An article in Business Finance describes how P-Cards are going cardless and linking to E-Procurement. These new uses...
