Subscribe:
RSS feed
News, views and my insight into (and opinion of) the growing Payments Industry
Browsing All posts tagged under »payments executive«
Déjà vu — All Over Again
I woke up this morning with a number of seemingly disparate thoughts running through my head. I thought first about yesterday’s headlines pronouncing disappointment in Square’s $3 billion market evaluation. The market apparently wanted Square’s value to be closer to $4 or $5 billion. Disappointment? Are you kidding me? Square has gone from an idea […]
Another bell tolls for the almighty check! NACHA’s new program coverts consumer checks at Point of First Deposit
March 29, 2012
I was quite pleased today to learn that NACHA is expanding the types of consumer checks eligible for conversion to the ACH. The concept of allowing consumer check deposits to be eligible for conversion has been contemplated since the inception of ARC (and later BOC) as valid ACH transaction types. Low value consumer check deposits […]
AFP 2012: Payments industry getting smarter at detecting and thwarting fraud
March 23, 2012
Funny thing happened the other right after I finished my blog post about why the private sector needs to establish better and more secure standards practices for mobile payments than what exists today for cash, checks and credit cards, the Association for Financial Professionals (AFP) 2012 Payments Fraud and Control Study showed up in my email box. […]
“Alternative Payment” Providers–Walmart, PayPal, Google and Facebook–are the new faces of money service businesses
March 14, 2012
The classification of a money service business (MSB) in the past has never generated positive connotations or excitement. Bankers audibly groaned when the those three words were mentioned. MSBs were often located in less than desirable locations and considered taking advantage of the poor due to the fees charged for payday lending and being havens […]
PayPal continues to generate headlines as they roll out their payment capabilities to physical locations
February 29, 2012
Having a marquee company like Home Depot as a brick and mortar client adds credibility and credence to PayPal’s efforts–don’t you think? I am happy to say that the PayPal business model is interesting and quite promising. PayPal is not embracing near-field-communications (NFC) at the point of sale like ISIS or Google. Instead they are deploying […]
Perhaps there is still too much diversity in the mobile payments industry for it to become a reality?
February 27, 2012
As I’ve written many times before: It is “the sheer number” of diverse, yet interdependent, mobile payment stakeholders in the United States that prevent any tangible advancement in making mobile payments a reality. Anyone who manages by consensus knows that the process is sluggish, messy and complex. And the more there is to lose, the […]
Wal-Mart et. al. need to stay out of the ACH rule making process–let me explain:
April 5, 2011
The last thing I want to see at the NACHA Board of Directors table is Wal-Mart–as noted in the article found below (copied for your reading pleasure from today’s American Banker). Directors of any organization have a responsibility to do what is in the interest of the organization, not push individual agendas. The concept that […]
A summer roll out of a decoupled debit card is in the works…..
March 15, 2011
Interesting announcement from The National Payment Card Association on a summer roll out of a decoupled debit card. I can only hope that the Association worked with NACHA to ensure that the correct rules will be followed. The last time this was introduced to the market a few years ago by Capital One, it was […]
Am I Wrong About Blackberry Being Complacent?
September 22, 2010
Besides the fact that I could not foot back to Fast Company’s 68% growth headline, it is not clear to me to whom RIM is “shipping” its devices too. Is it Wall Street (RIM’s traditional bread and butter)? A new set of consumers under 40? According to RIM’s press releases their growth is occurring internationally, and in more remote and/or underdeveloped regions
July 26, 2012
0