Today, Federal Reserve banks will begin distributing the redesigned $5 bills to customer banks, which will then distribute them to businesses and consumers. The new $5 bill designs will circulate first in the U.S. and gradually spread to other...
Today the Single Euro Payments Area (SEPA) becomes a reality, enabling credit transfers throughout the SEPA region. Consumers and companies will be able to make cross border payments in euros as easily as making payments within their home country. Card payments...
Major online merchants and the web presence of big retail chains are embracing Bill Me Later, the alternative payment method that enables consumers to buy online and pay later, avoiding entering their credit card data online. Hitwise reports that the...
It's been three long years since the Federal Reserve published its previous payments study. A lot has changed in the payments world since 2004 and the latest study results confirm what we've all been experiencing: electronic payment is now dominant. At...
This WSJ video about the new GPS enabled New York City taxis includes a discussion of paying with credit cards or debit cards rather than cash. There are also some brief screen shots of the passenger interface. As with all electronic payment schemes, generational...
The latest Digital Transactions magazine arrived yesterday and the cover story outlines the top 10 issues facing electronic payments today: Finding a clear connection for mobile payments Interchange wars PCI & data security The allure of alternative payments...
Results of a new survey from the Association of Financial Professionals (AFP), released in conjunction of the annual AFP conference in Boston this week, reveal that business are gradually adopting electronic payments. The study is a follow up to a similar survey...
A recent survey by the Independent Community Bankers of America (ICBA) finds that community banks are leveraging technology and electronic payments to serve small business customers and extend their market reach. More than 1,100 community banks responded to the...
Yesterday American Banker assessed NACHA's Deposited Check Truncation (DCT) pilot scheduled to start 1st Quarter 2008. This is a second attempt to clear checks electronically over the ACH network as an alterative to image exchange. The previous attempt to...
The team at Glenbrook conducted an informal Facebook poll on payment preferences and discovered that after cash (the perennial favorite) the most popular option was fingerprint, then contactless. What is really surprising is that cell phone payment lagged far...
