Consumer Reports, the venerated protector of consumers interest, urges online shoppers to use virtual wallet services from PayPal, Google Checkout, or Bill Me Later in order to reduce the risk of credit card fraud and identity theft. The article (in the January 2007...
Courtesy of Bank Technology News American Express has signed an agreement to acquire Atlanta-based Harbor Payments, a privately held provider of electronic invoice presentment and payment (EIPP) systems. American Express says the Harbor hosted technology will become...
At NetBanker2.0 Jim Bruene recently posted a handy glossary of mobile banking and payments terminology. You may want to brush up as mobile banking heats up...
Not necessarily. In a recent speech Mark Garvin of JPMorgan, acknowledges the threat of non-bank entrants to the payments industry: Having talked to regulators, correspondents, market infrastructures and, most importantly, our clients, about how they see the future of...
Google announced on Wednesday that they are extending the Checkout promotion offering free processing through 2007. Google is a formidable competitor with its deep pockets that allow it to extend the promo in order to further expand its base of merchant...
USA Today features an article on the convenience - and hidden costs - of no signature small dollar credit card transactions. CardWeb.com estimates that the number of small dollar transactions has increased elevenfold since 2000.Card companies are increasingly allowing...
For those of you watching the mobile payments space, read on... a recent panel titled Next Generation Insights featured six Silicon Valley young adults. The panel (and write up) focuses on marketing to the 15-24 year old market, but it's more interesting to think...
My life used to be dominated by quarters. Parking tickets are an important revenue source for the City of San Francisco and we have vigilent meter monitors. In most areas meters are 25 cents for 6 minutes (yes, you read that right). I'd stockpile quarters...
Today's American Banker reports that as soon as next month consumers will be able to make debit payments using their drivers license or government issued ID card through the Fastlane Secure Payments network. How it Works Consumers enroll at the point of sale....
Traditionally small and mid-sized businesses have been attracted to small banks that offer personalized service and knowledge of the local market. Yet the rise of internet banking has left smaller banks struggling to keep up. Small businesses with annual sales of...
