Over on the Credit Slips blog, Adam Levitin writes about the implications of remote deposit capture for the banking industry. I see a parallel between what's happening with RDC and what happened 20+ years ago in the credit card business with the deployment of...
Last week, I was thinking a bit about the many issues of fraud in the card payments world and how the lack of a business case within the industry itself has slowed adoption of various technologies that could be deployed to reduce fraud. It struck me that the old but...
Some of us payments geeks often lose sight of what merchants really want - they just want to sell more. Selling more stuff is like 10 times more important to them than saving money on their costs of payment acceptance. Bill Me Later is but one recent example of...
In a frankly depressing but undoubtedly realistic column this morning titled "National Addiction to Easy Credit Remains Consumers' Downfall", Michelle Singletary, the Washington Post's personal finance columnist, writes that the credit card reforms being put into...
Last week, Visa reported its second fiscal quarter financial results - and included a mention that Visa's US debit card purchase volume in the fourth calendar quarter of 2008 slightly exceeded that of its US credit card purchase volume ($206 billion vs. $203 billion)....
Erin tweets from NACHA's Payments 2009 in Orlando that attendance this year is about 2,000 - down about 1,000 from last year's turnout. She's also wondering what happened to the Wi-Fi in the Payments 2009 conference venue - it's missing in action! (BYON is my motto -...
I recently was driving down Hamilton St. in Palo Alto when out of the corner of my eye I spotted Zong's new office. This was the first time I'd ever seen a storefront office with "Mobile Payments" on it - made me smile!!Zong is doing interesting things enabling mobile...
Advertising Age picked Bank of America's mobile banking efforts as one of the leaders in its Digital A-List 2009. Rita Chang writes: Underlying all of the marketer's moves into mobile services and marketing is a key insight: Give people more control over their banking...
While we naturally tend to focus on all of the innovative things that have happened in payments over the years - brought to us by upstanding companies and institutions - there's also a dark side to innovation that sometimes is the elephant in the room. I'm talking...
In his email to me earlier today telling me about Wells Fargo's new presence on Twitter, Social Media Marketing VP Ed Terpening used a phrase that really caught my eye and captured the essence of what Wells Fargo is doing far beyond simple online banking:It's...
