Merchant-Funded Rewards Are Key Opportunity for Banks, CEO Says

What's Next In Payments®
4:50 PM EST June 6th, 2012

Peter Kight, former CEO of CheckFree and current managing partner of the Comvest Group, says merchant-funded rewards are a key opportunity for banks to stay relevant in the mobile wallet race.

Kight says those merchant-funded rewards offer banks a revenue opportunity not yet touched by new regulations, which have been squeezing other revenue sources, American Banker notes.

Read the full story here.

Comments
Also by This Author
What's Hot
News
Staples Breach Hit 1.16 Million Payment Cards
Loyalty & Rewards
Go, Teller, On The Mountain (Of Stats) That Mobile’s Less Loyal
News
Would You Like Beacons With That?
News
PayPal Here Gets New U.K. Partner
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
Alternative Financial Services
What Payments Players Want Under The Tree
News
Staples Breach Hit 1.16 Million Payment Cards
Alternative Financial Services
Bitcoin Tracker | Week 53    
Loyalty & Rewards
Go, Teller, On The Mountain (Of Stats) That Mobile’s Less Loyal
View All Articles ››