We will be taking a break from blogging for the summer so we can enjoy our families and friends.
We will pick back up in August.
Have a great Summer!!
Tue 07/06/2010 - 04:44
Tue 06/01/2010 - 03:27
Cross Posted from Social Business Bank
Introduction
Credit card fraud is something that can never be completely eliminated, but rather something that must be managed. Merchants must develop a delicate balance between using safeguards to prevent fraud and not creating too many hoops for customers to jump through. In Part [...]
Mon 05/31/2010 - 04:24
Cross posted from American Banker by Daniel Wolfe
The best thing about mobile payment apps is not the speed of transactions made with phones, but how the apps let people manage their accounts on their own instead of wasting time at the register, according to early results from retailers.
Bankers have been promoting the mobile payments idea [...]
Fri 05/28/2010 - 03:16
Between 2000 and 2010, the number of households that use online banking increased more than six-fold, and the number that use online bill payment increased nearly eight-fold. Online bill payers now represent a wide cross-section of the U.S. population, and women have edged out men as the primary users of the [...]
Wed 05/26/2010 - 03:15
Cross Posted from Social Business Bank
Introduction:
Want to win 1 year of free credit card processing? You should check out the Sweepstakes currently going on at http://www.SocialBusinessBank.com/win.
Liability for fraud shifts from the card issuer to the merchant for ‘Card Not Present’ sale (mail order, telephone/fax order, and internet sales). The [...]
Fri 05/21/2010 - 11:03
U.N credit union to roll out 5,000 cards with EMV smartcard technology
Cross Posted from Computerworld – By Jaikumar Vijayan
Credit cards featuring smartcard technology have been standard fare around the world for several years now — but not in the U.S., where financial institutions have continued using cards based on less-secure [...]
Fri 05/21/2010 - 02:28
Cross-posted from Credit Card Chaser by Joel
Just a couple of days ago we profiled the launch of Square’s mobile payment service and now it seems that the iPhone credit card swiping battle is heating up already with the launch of VeriFone’s PAYware Mobile.
While there are many credit card processing iPhone applications like iSwipe, ProcessAway, iTouch2Pay, [...]
Thu 05/20/2010 - 02:11
Cross-Posted from Yahoo News by By JIM KUHNHENN, Associated Press Writer
WASHINGTON – Striking at a lucrative bank business, the Senate on Thursday voted to force credit card companies to reduce fees for debit card transactions and permit merchants to offer customer discounts based on their payment method.
The 64-33 vote inserted the fee requirement in a package [...]
Wed 05/19/2010 - 02:42
Cross-Posted from Digital Transactions
The gap in acceptance costs between PIN-based and signature debit, once wide, continues to narrow, payments executives say. The trend is most apparent in the new interchange schedules for Visa Inc.’s Interlink electronic funds transfer network and the signature-based Visa check card. A number of Interlink rates are rising by percentages ranging [...]
Tue 05/18/2010 - 02:04
Cross Posted from Payments101.com by Rik Coeckelbergs
Trialpay surprised me this week with a couple of interesting surveys: one on the effect of Motherday on the revenue in social gaming and one on ad-funded payments. Let us start with the ad funded payments.
In fact, after reading the paper it looks more like a real marketing instrument [...]
Fri 05/14/2010 - 02:25
Cross posted from Payments101.com by Rik Coeckelbergs
As I mentioned in my last blog I was going to elaborate a bit more on the market opportunities of Biometric Payments these days. Through a couple of recent examples I hope to give you a better idea on how and where Biometric Payments can be a success and what [...]
Fri 04/30/2010 - 12:13
Cross Posted from New York Times
By Claire Miller and Nick Bilton
You win a bet, but the loser does not have enough cash on him to settle it. If he has a credit card, and most people usually do, there is finally a solution. A number of big and small companies — including eBay’s PayPal unit, [...]
Thu 04/29/2010 - 08:51
Cross-posted from The Paypers
Consumers manifest an increasing tendency to adopt electronic person-to-person (P2P) payments, as well as an interest in operating this type of payment transactions via an electronic payment portal (ePayment Portal) , a recent survey has unveiled.
The ePayment Portal was a new product concept tested in the research and is defined as a [...]
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