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News, views and my insight into (and opinion of) the growing Payments Industry
Browsing All Posts published on »August, 2010«
Will? Mobile Payments Compromise Consumer Protection? I have more thoughts…
More comments on this subject. My second post on the subject (or should I say in defense of the Mobile Payments Industry)…starts out with: I have continued to think about the comments I posted regarding Venus’s blog: “Mobile Payments Will Compromise Consumer Protection Says Consumers Union.” Upon reflection, there are two points that I did […]
More proof that ACH RISK IS IMPROVING!
August 31, 2010
Yet even more proof that ACH risk is improving (an add-on to my “Everything You Read Is Not Always Accurate” post) on the Atlanta Fed’s website and blog. August 30, 2010 Latest Payments Spotlight podcast focuses on fraud and risk in the ACH network: They’re on the rise, but under control…In this podcast interview, Jane […]
No “magic bullet” to transition consumers away from check_cashers to mainstream financial institutions
August 28, 2010
I want to compliment Sudeep Reddy at the Wall Street Journal (sudeep.reddy@wsj.com) for writing a story that details the actions taken by the F.D.I.C., Department of Treasury and Congress to make bank accounts more affordable and attractive to the "Underserved" (8.18.2010). He accurately points out the challenges facing banks, regulators and lower income consumers who're trying to transition away from the perceived "high cost" of check-cashing services and into mainstream banking systems
Everything you read (about ACH risk management) may not always be accurate
August 25, 2010
Both NACHA and the Risk Management Group have done a lot of work to help create the subsequent rule changes that have reduced return item risk and volumes. So I did some investigation to understand how eGistics came up with their numbers and cross-referenced to the return numbers tracked and published by NACHA--the organization responsible for establishing and enforcing adherence to ACH rules.
Encouraged and Curious about latest moves by Apple into the Mobile Payments industry
August 24, 2010
....Apple is going to have to navigate the "follow the money" trail to get all the players to cooperate and share the mobile revenue. Telecommunications companies, card issuers and merchant acquirers must get their share of rewards if Apple is going to pull this off. But if Apple's history and business model philosophy is any indication, they have the clout to bring all the players to the table.
August 31, 2010
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