The City of Vaughan (just north of Toronto) has launched a MuniCard Mastercard that offers benefits to cardholders, the city, and local businesses. Card features include: No annual fee 1% cash reward applied toward property tax bill 25% discount at participating local...
American Banker reports that the Treasury Department is accepting bids from banks to administer a prepaid program to reduce the remaining 20% 0f benefit payments that are not direct deposit. A pilot with JPMorgan Chase has been successful and the Treasury intends to...
James Van Dyke at Javelin is really excited about MasterCard & Orbiscom's inControl announcement. New functionality will enable financial institutions to provide cardholders enhanced authorization controls and alerts - along the lines of those available to...
Bloomberg quotes eBay's Meg Whitman characterizing Google Checkout as merely "a little bit of a challenge" In recent surveys, the world's largest auctioneer found that less than one out of five users of Google's Checkout online payment service...
James Van Dyke at Javelin weighs in on the fervent anticipation of contactless payments. He observes that the current "closed loop" versions of contactless payment do not offer sufficient value to merchants or consumers to drive adoption. Van Dyke recounts...
An article posted today at Digital Transaction News cites the relative quiet surrounding Back Office Conversion (BOC) since it's introduction March 16th (as we observed here at ForteBlog after Payments 2007 in Chicago last month). Digital Transaction News...
I'll be publishing more detailed notes and observations from the NACHA Payments 2007 conference over the next few days, but for now, here are the highlights: Mobile HypeLots of talk about mobile - both mobile banking and mobile payments. The consensus is that...
I'm off to Chicago for Payments 2007 and will post highlights of the conference here on the blog. If you are attending and want to meet up contact me via email.
Online Banking Report has just published a follow up to its recent Mobile Banking Report, this time thee analysis is focused on mobile payments in North America. Here's the abstract (emphasis added):While banking and payments are interrelated, when it comes to...
This week InformationWeek hypes mobile banking and mobile payment - suggesting that the time has finally come for mobile financial services. The article outlines mobile account access recently introduced by Citibank, BofA, and Wachovia - and applauds the utility of...
