Payments News: Comments http://www.paymentsnews.com/ Tracking the world of electronic payments...from Glenbrook Partners en-US editor@paymentsnews.com Copyright 2013 Mon, 20 May 2013 13:18:23 -0700 hourly 1 2000-01-01T12:00+00:00 Subscribe with My Yahoo!Subscribe with NewsGatorSubscribe with My AOLSubscribe with BloglinesSubscribe with NetvibesSubscribe with GoogleSubscribe with PageflakesSubscribe with PlusmoSubscribe with The Free DictionarySubscribe with Bitty BrowserSubscribe with NewsAlloySubscribe with Live.comSubscribe with Excite MIXSubscribe with Yourminis.comSubscribe with Attensa for OutlookSubscribe with WebwagSubscribe with netomat HubSubscribe with Podcast ReadySubscribe with FlurrySubscribe with WikioSubscribe with Daily Rotation Vodafone, ICICI Bank Launch M-Pesa in India http://feedproxy.google.com/~r/PaymentsNewsComments/~3/IqnoIVAGjsQ/vodafone-icici-bank-launch-m-pesa-in-india.html Mobile wallets allowing person to person transfer will be seen as competition to banks saving account product. While banks are paying interest on demand liabilities but I dont think mobile wallets offered by telecom companies will pay any interest to consumer. Bank supporting this initiative will gain as this will help them bring down the cost of fund.Bank will enjoy huge float income. More an more banks will support this kind of initiative by tie-up with telecom companies. Its win for - consumer as mobile may replace wallets and innovative payment options will be available. -its win for telecom companies as additional revenue stream -its win for bank as low cost deposit. -regulators can reach unbanked population One critical thing here is telecom companies also to auditted for KYC and AML procedure. This operation of telecom to be also auditted by regulators along with the Bank. 6a00d8341bfc2453ef01901b6fc1c7970b@http://www.paymentsnews.com/ vikas panditrao:

Mobile wallets allowing person to person transfer will be seen as competition to banks saving account product. While banks are paying interest on demand liabilities but I don't think mobile wallets offered by telecom companies will pay any interest to consumer. Bank supporting this initiative will gain as this will help them bring down the cost of fund.Bank will enjoy huge float income.
More an more banks will support this kind of initiative by tie-up with telecom companies. Its win for

- consumer as mobile may replace wallets and innovative payment options will be available.

-its win for telecom companies as additional revenue stream

-its win for bank as low cost deposit.

-regulators can reach unbanked population

One critical thing here is telecom companies also to auditted for KYC and AML procedure. This operation of telecom to be also auditted by regulators along with the Bank.

]]> Sat, 20 Apr 2013 10:53:45 -0700 http://www.paymentsnews.com/2013/04/vodafone-icici-bank-launch-m-pesa-in-india.html#c6a00d8341bfc2453ef01901b6fc1c7970b Green Dot Launches Mobile Bank Account for Smartphone Generation http://feedproxy.google.com/~r/PaymentsNewsComments/~3/Sd_NqRxdnjc/green-dot-launches-gobank-mobile-bank-account-for-smartphone-generation.html Heard of Bluebird from American Express? Green Dot just copied the product and its only unique selling point is FDIC insured so no wonder that the CEO is harping on that so strongly. But hey, Amex has some brand and first mover advantage. This would be interesting considering that Amex partnership with Walmat (Bluebird) directly affects Green Dot as Walmart is ~60-65% of Green Dots business. 6a00d8341bfc2453ef017c35f73a21970b@http://www.paymentsnews.com/ Heard of Bluebird from American Express? Green Dot just copied the product and its only unique selling point is FDIC insured so no wonder that the CEO is harping on that so strongly. But hey, Amex has some brand and first mover advantage.

This would be interesting considering that Amex partnership with Walmat (Bluebird) directly affects Green Dot as Walmart is ~60-65% of Green Dot's business.

]]> Fri, 18 Jan 2013 06:44:01 -0800 http://www.paymentsnews.com/2013/01/green-dot-launches-gobank-mobile-bank-account-for-smartphone-generation.html#c6a00d8341bfc2453ef017c35f73a21970b Revel Systems Adds EMV Processing to iPad Point-Of-Sale System http://feedproxy.google.com/~r/PaymentsNewsComments/~3/L5HZclWosm8/revel-systems-adds-emv-processing-to-ipad-point-of-sale-system.html Credit card security is important to my customers—therefore it’s important to me. Revel System’s POS solution has been such an asset in my grocery market, and their EMV integration will help me run a totally reliable and secure operation. 6a00d8341bfc2453ef017d401021fa970c@http://www.paymentsnews.com/ Credit card security is important to my customers—therefore it’s important to me. Revel System’s POS solution has been such an asset in my grocery market, and their EMV integration will help me run a totally reliable and secure operation.

]]> Wed, 16 Jan 2013 16:06:40 -0800 http://www.paymentsnews.com/2013/01/revel-systems-adds-emv-processing-to-ipad-point-of-sale-system.html#c6a00d8341bfc2453ef017d401021fa970c BillFloat and Credit.com Partner to Offer Better Way To Pay Bills http://feedproxy.google.com/~r/PaymentsNewsComments/~3/TG7pJQkkMS4/billfloat-and-creditcom-partner-to-offer-better-way-to-pay-bills.html More about the Smart Line here: http://banktalk.org/2013/01/11/billfloat-powers-tax-season-line-of-credit-at-jackson-hewitthewitt/ 6a00d8341bfc2453ef017c35c25f01970b@http://www.paymentsnews.com/ Adam Rust:

More about the Smart Line here:
http://banktalk.org/2013/01/11/billfloat-powers-tax-season-line-of-credit-at-jackson-hewitthewitt/

]]> Mon, 14 Jan 2013 10:49:37 -0800 http://www.paymentsnews.com/2010/10/billfloat-and-creditcom-partner-to-offer-better-way-to-pay-bills.html#c6a00d8341bfc2453ef017c35c25f01970b New Visa Consumer Authentication Service Combats eCommerce Fraud http://feedproxy.google.com/~r/PaymentsNewsComments/~3/LPJApzocVlQ/new-visa-consumer-authentication-service-combats-ecommerce-fraud.html Assuming that the extra step of entering their passwords is referring to the Verified by Visa password, I dont understand how Visa Consumer Authentication Service supports Verified by Visa. It sounds like an either/or and not a both. 6a00d8341bfc2453ef017c340bf9ae970b@http://www.paymentsnews.com/ Assuming that the 'extra step of entering their passwords' is referring to the Verified by Visa password, I don't understand how Visa Consumer Authentication Service supports Verified by Visa. It sounds like an 'either/or' and not a 'both'.

]]> Tue, 27 Nov 2012 16:39:34 -0800 http://www.paymentsnews.com/2012/11/new-visa-consumer-authentication-service-combats-ecommerce-fraud.html#c6a00d8341bfc2453ef017c340bf9ae970b LevelUp to Provide Mobile Payments at Louisville's KFC Yum! Center http://feedproxy.google.com/~r/PaymentsNewsComments/~3/EhD1suU9kWQ/levelup-to-provide-mobile-payments-at-louisvilles-kfc-yum-center.html Thats so convenient. Everyone always has their cellphone with them. Why not use it to pay for things? This will be great for people who sometimes forget their wallet at home - like me. 6a00d8341bfc2453ef017ee5493ec8970d@http://www.paymentsnews.com/ Felix Lee:

That's so convenient. Everyone always has their cellphone with them. Why not use it to pay for things? This will be great for people who sometimes forget their wallet at home - like me.

]]> Sat, 17 Nov 2012 11:30:19 -0800 http://www.paymentsnews.com/2012/11/levelup-to-provide-mobile-payments-at-louisvilles-kfc-yum-center.html#c6a00d8341bfc2453ef017ee5493ec8970d Headline News - November 14, 2012 http://feedproxy.google.com/~r/PaymentsNewsComments/~3/dEGMF8gaYRs/headline-news-november-14-2012.html Thank you for the links, especially the news about paypal. I have been using paypal about a month now and the step-up that their president is proposing can help us consumers a lot. 6a00d8341bfc2453ef017d3daf7229970c@http://www.paymentsnews.com/ Jeremy Norton:

Thank you for the links, especially the news about paypal. I have been using paypal about a month now and the step-up that their president is proposing can help us consumers a lot.

]]> Wed, 14 Nov 2012 22:20:45 -0800 http://www.paymentsnews.com/2012/11/headline-news-november-14-2012.html#c6a00d8341bfc2453ef017d3daf7229970c MasterCard and ING Launch EMV Internet Payments Trial http://feedproxy.google.com/~r/PaymentsNewsComments/~3/8BMIWRTdyJo/mastercard-and-ing-launch-emv-internet-payments-trial.html So whats new? Ive been doing that with PayPal for years... 6a00d8341bfc2453ef017d3d6fdc83970c@http://www.paymentsnews.com/ So what's new? I've been doing that with PayPal for years...

]]> Fri, 09 Nov 2012 03:53:51 -0800 http://www.paymentsnews.com/2012/11/mastercard-and-ing-launch-emv-internet-payments-trial.html#c6a00d8341bfc2453ef017d3d6fdc83970c Bank of America's Add It Up Offers Cash Back for Online Shopping http://feedproxy.google.com/~r/PaymentsNewsComments/~3/_NvptlhzKcQ/bank-of-americas-add-it-up-offers-cash-back-for-online-shopping.html Where can I see a complete list of participating retailers? Bank of America apparently does not have a list. 6a00d8341bfc2453ef017c327c7feb970b@http://www.paymentsnews.com/ Where can I see a complete list of participating retailers? Bank of America apparently does not have a list.

]]> Fri, 12 Oct 2012 11:35:17 -0700 http://www.paymentsnews.com/2009/03/bank-of-americas-add-it-up-offers-cash-back-for-online-shopping.html#c6a00d8341bfc2453ef017c327c7feb970b Fiserv Signs Over 100 FIs for ZashPay Person-to-Person Payments Service http://feedproxy.google.com/~r/PaymentsNewsComments/~3/BapVGZVHKbM/fiserv-signs-over-100-fis-for-zashpay-person-to-person-payments-service.html The problem with Zashpay is you and the other party both have to have an account and fund it with your actual bank account and therefore are not protected by Visa or Mastercards guidelines. I use MerchantInc.com and they send the money directly to my bank account after the transaction and my customer doesnt have to open an account with anyone like paypal or zashpay. 6a00d8341bfc2453ef017d3ca48477970c@http://www.paymentsnews.com/ The problem with Zashpay is you and the other party both have to have an account and fund it with your actual bank account and therefore are not protected by Visa or Mastercard's guidelines. I use MerchantInc.com and they send the money directly to my bank account after the transaction and my customer doesnt have to open an account with anyone like paypal or zashpay.

]]> Thu, 11 Oct 2012 09:23:50 -0700 http://www.paymentsnews.com/2010/06/fiserv-signs-over-100-fis-for-zashpay-person-to-person-payments-service.html#c6a00d8341bfc2453ef017d3ca48477970c New P2P Payment Methods: Have Paper Checks Met Their Match? http://feedproxy.google.com/~r/PaymentsNewsComments/~3/gtOBZaZJI90/new-p2p-payment-methods-have-paper-checks-met-their-match.html Correct URL here: http://www.kansascityfed.org/publicat/econrev/pdf/12q3Bradford-Keeton.pdf 6a00d8341bfc2453ef017c3229bebc970b@http://www.paymentsnews.com/ Correct URL here: http://www.kansascityfed.org/publicat/econrev/pdf/12q3Bradford-Keeton.pdf

]]> Wed, 26 Sep 2012 16:41:11 -0700 http://www.paymentsnews.com/2012/09/new-p2p-payment-methods-have-paper-checks-met-their-match.html#c6a00d8341bfc2453ef017c3229bebc970b Survey Says Self-Checkout is Faster and a Service Differentiator http://feedproxy.google.com/~r/PaymentsNewsComments/~3/QhLHI4X7CA8/survey-says-self-checkout-is-faster-and-a-service-differentiator.html This report from NCR seems to be skewed and bias vs the real situation faced by Ikea (http://buff.ly/TN4cgy). 6a00d8341bfc2453ef017c319bacdb970b@http://www.paymentsnews.com/ ViiVa Marketing:

This report from NCR seems to be skewed and bias vs the real situation faced by Ikea (http://buff.ly/TN4cgy).

]]> Sun, 02 Sep 2012 08:29:08 -0700 http://www.paymentsnews.com/2012/08/survey-says-self-checkout-is-faster-and-a-service-differentiator.html#c6a00d8341bfc2453ef017c319bacdb970b Former Visa CEO Charles T. Russell Passes Away http://feedproxy.google.com/~r/PaymentsNewsComments/~3/eziKiK3hFks/former-visa-ceo.html Chuck and I both worked at Wachovia in the late 60s, and we decided to learn how to fly and further agreed to take flying lessons together. He was a great guy and a much better pilot than I. I remember him fondly. 6a00d8341bfc2453ef01761785e749970c@http://www.paymentsnews.com/ Chuck and I both worked at Wachovia in the late 60s, and we decided to learn how to fly and further agreed to take flying lessons together. He was a great guy and a much better pilot than I. I remember him fondly.

]]> Thu, 30 Aug 2012 11:22:43 -0700 http://www.paymentsnews.com/2008/09/former-visa-ceo.html#c6a00d8341bfc2453ef01761785e749970c Retailers Form Merchant Customer Exchange (MCX) to Deliver Mobile Wallet http://feedproxy.google.com/~r/PaymentsNewsComments/~3/QaHoUjnZz54/retailers-form-merchant-customer-exchange-mcx-to-deliver-mobile-wallet.html This looks like a good starting move for the merchants to engage for their own initiatives in the mobile payments business. One thing to add, if they can find one good solution for their intended service, it would be the best to begin with. For example, there is a payment business model that suffices one fits all model of the state-of-the-art integrated payment platforms - on- and off-line, mobile and nfc. When thinking of the purchase environment, this kind of a platform payment model would be the best to pick for their initial solution development, and further advancement. 6a00d8341bfc2453ef01761746985f970c@http://www.paymentsnews.com/ This looks like a good starting move for the merchants to engage for their own initiatives in the mobile payments business. One thing to add, if they can find one good solution for their intended service, it would be the best to begin with. For example, there is a payment business model that suffices 'one fits all' model of the state-of-the-art integrated payment platforms - on- and off-line, mobile and nfc.
When thinking of the purchase environment, this kind of a platform payment model would be the best to pick for their initial solution development, and further advancement.

]]> Thu, 16 Aug 2012 19:07:17 -0700 http://www.paymentsnews.com/2012/08/retailers-form-merchant-customer-exchange-mcx-to-deliver-mobile-wallet.html#c6a00d8341bfc2453ef01761746985f970c Visa's Transaction Alerts Now Available in North America http://feedproxy.google.com/~r/PaymentsNewsComments/~3/dBS_lwQaRys/visas-transaction-alerts-now-available-in-north-america.html I came across this article that seems very interesting? But I have never seen this application out there. I notice that the article was written almost 3 years ago. Can any one tell me who wrote this article and what was the final outcome of this product! Thanks!! 6a00d8341bfc2453ef0176172c2f9d970c@http://www.paymentsnews.com/ I came across this article that seems very interesting? But I have never seen this application out there. I notice that the article was written almost 3 years ago. Can any one tell me who wrote this article and what was the final outcome of this product! Thanks!!

]]> Sat, 11 Aug 2012 17:12:39 -0700 http://www.paymentsnews.com/2009/11/visas-transaction-alerts-now-available-in-north-america.html#c6a00d8341bfc2453ef0176172c2f9d970c Visa Recommended Practices for EMV Chip Implementation in the US http://feedproxy.google.com/~r/PaymentsNewsComments/~3/yjPzUU-ZjqY/visa-recommended-practices-for-emv-chip-implementation-in-the-us.html Its about time the USA start the EMV migration. Because other parts of the world where succeeding on thiers, the U.S was consistently the targets of fraudsters!!!!! Cant imagine the lost!! 6a00d8341bfc2453ef016306763210970d@http://www.paymentsnews.com/ It's about time the USA start the EMV migration. Because other parts of the world where succeeding on thiers, the U.S was consistently the targets of fraudsters!!!!! Can't imagine the lost!!

]]> Tue, 12 Jun 2012 11:28:38 -0700 http://www.paymentsnews.com/2012/01/visa-recommended-practices-for-emv-chip-implementation-in-the-us.html#c6a00d8341bfc2453ef016306763210970d CorFire and edo to Connect Purchase Data and Targeted Offers via Mobile http://feedproxy.google.com/~r/PaymentsNewsComments/~3/b-4_eI6fwoQ/corfire-and-edo-to-connect-purchase-data-and-targeted-offers-via-mobile.html CorFire and edo - great for catching this! I just hope mPowa (www.mpowa.com) will also do this. :) 6a00d8341bfc2453ef016767235765970b@http://www.paymentsnews.com/ CorFire and edo - great for catching this! I just hope mPowa (www.mpowa.com) will also do this. :)

]]> Wed, 06 Jun 2012 16:57:59 -0700 http://www.paymentsnews.com/2012/05/corfire-and-edo-to-connect-purchase-data-and-targeted-offers-via-mobile.html#c6a00d8341bfc2453ef016767235765970b PayOne Partners with T-Mobile USA for Direct Mobile Payments http://feedproxy.google.com/~r/PaymentsNewsComments/~3/JLV6wyBO7g0/payone-partners-with-t-mobile-usa-for-direct-mobile-payments.html Well thats a good collaboration. Anyhow I will still pass (knowing T-Mobile) and stick with mPowa (www.mpowa.com) or probably try NFC for a change but definitely not T-Mobile. 6a00d8341bfc2453ef01761518f808970c@http://www.paymentsnews.com/ Well that's a good collaboration. Anyhow I will still pass (knowing T-Mobile) and stick with mPowa (www.mpowa.com) or probably try NFC for a change but definitely not T-Mobile.

]]> Wed, 06 Jun 2012 16:51:27 -0700 http://www.paymentsnews.com/2012/05/payone-partners-with-t-mobile-usa-for-direct-mobile-payments.html#c6a00d8341bfc2453ef01761518f808970c Zooz Launches HTML5 Version of In-App Payment Solution http://feedproxy.google.com/~r/PaymentsNewsComments/~3/TIKbhKC8bFk/zooz-launches-html5-version-of-in-app-payment-solution.html I appreciate the idea that they wanted to open a platform for programmers to make this better. This is what technology is about. No wonder more and more companies join the MPOS bandwagon - mPowa (www.mpowa.com), Sail, etc. 6a00d8341bfc2453ef0163062f9e5f970d@http://www.paymentsnews.com/ I appreciate the idea that they wanted to open a platform for programmers to make this better. This is what technology is about. No wonder more and more companies join the MPOS bandwagon - mPowa (www.mpowa.com), Sail, etc.

]]> Wed, 06 Jun 2012 16:37:40 -0700 http://www.paymentsnews.com/2012/06/zooz-launches-html5-version-of-in-app-payment-solution.html#c6a00d8341bfc2453ef0163062f9e5f970d First Annapolis - September 2008 Issue http://feedproxy.google.com/~r/PaymentsNewsComments/~3/1HdloIuYL1k/first-annapolis.html Merchant acquiring - Are some credit card users negatively affected by a highly competitive market? 6a00d8341bfc2453ef0167669fb4ad970b@http://www.paymentsnews.com/ Merchant acquiring - Are some credit card users negatively affected by a highly competitive market?

]]> Sun, 20 May 2012 06:19:07 -0700 http://www.paymentsnews.com/2008/10/first-annapolis.html#c6a00d8341bfc2453ef0167669fb4ad970b