High-income Millennials are rapidly dismantling the idea that prepaid cards are only for lower-income and unbanked users in the U.S. That’s the conclusion of a new discussion paper from the Payment Cards Center of the Federal Reserve Bank of Philadelphia, based on a 2013 survey...
That late payments are a problem is a non-controversial issue. The Obama administration has launched the Supplier Pay initiative in the U.S., to address the problem, while in the U.K. parliament has spent a large chunk of the summer of 2014 debating how it is...
How should one regulate the mobile payments marketplace? Does it even need more regulation, given that the banking, tech and card services companies that comprise it are already heavily regulated? It would not be surprising to find mobile payments ecosystem players asking these questions—since the...
Getting the same thrill from putting money into savings as one would get from buying a lottery ticket? Seems far-fetched, but various credit unions and other organizations see use of prize-based initiatives similar to lotteries as a means to encourage low-income families to save. Get...
After years of chest-thumping and litigation over alleged mobile-imaging technology patent violations, Mitek Systems Inc. and USAA (United Services Automobile Association) have decided to take a more amicable route by settling their dispute, just days before their trial was to begin in Texas. Mitek also...
When procuring products and services, the U.S. General Services Administration’s Public Building Service (PBS) recently got a bit smarter. Earlier this year it deployed a system designed to accelerate and modernize the entire procurement process, from initial request to payment and close out. Get the...
Most of the largest retailers have moved to EMV-based systems, but smaller businesses are well behind. And of those that have embraced the chip card standard, most also are including Near Field Communication chips in the terminals, executives at terminal manufacturer VeriFone Systems Inc. noted...
A late-payment culture in which more and more companies are considering as normal practice not paying suppliers on time has prompted the creation of yet another system designed to better connect the payment processes of buyers and sellers. Get the Full Story Complete the form...
Technology is enabling more and more startups to take ideas and bring them to market. For many, however, funding is a major issue in trying to get their products or services off the ground. Get the Full Story Complete the form to unlock this article...
