The report “National Payments Schemes: Drivers of Economic and Social Benefits?” shows domestic payment schemes, which predominantly run debit cards, are an economic-sound alternative to international giants MasterCard and Visa as they offer customized services and local decision making. The study also showed their costs...
Chilean Banco de Crédito e Inversiones has started the first phase of Clear2Pay’s Open Payment Framework project with 60k domestic firms. In a second phase it will be extended to all types of payments. Get the Full Story Complete the form to unlock this article...
Bancorp Bank’s recent FDIC consent-decree agreement has hobbled the nation’s top prepaid issuer and will likely open the prepaid market to others. But the FDIC’s actions aren’t limited to prepaid card issuers, as Discover can attest which was the target of FDIC’s probe into potential...
Mobile is the tool of choice for consumers and merchants as they meet at the intersection of on and offline commerce. But how to best use this powerful tool in pursuit of an omnicommerce vision is the subject of much debate and experimentation. Some retailers...
For those career-driven individuals who are itching to start their own business, there is one increasingly common trend to keep in mind: no need for checks. While being able to accept personal checks – or even a check from another company – was a mainstay...
Mobile savings app iBotta has finished off a $20 million funding round lead by notable Silicon Valley entrepreneur Jim Clark—founder of Netscape, Silicon Graphics and WebMD. TechCrunch reports that Clark, as a result of the funding, joined the company’s board of directors. Get the Full Story...
Earlier this week, the CEO for the health care payments network InstaMed, Bill Marvin, wrote a contribution blog piece explaining how online payments can help improve health care efficacy. Marvin cited data from a recent InstaMed survey, which found that 76 percent of providers said...
Global cloud-based point-of-sale (POS) software provider Vend and Intuit’s QuickBooks Online announced earlier this week that they have integrated together to streamline services for small business retail companies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The Navy Federal Credit Union announced this week that it had partnered with the cloud-based technology company Acumen Solutions to bring mobile banking solutions to its customers. According to a statement from Acumen, mobile banking applications will be available on Apple iOS™ and Android™ platforms,...
