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Bank Systems & Technology January 29, 2008 Maria Bruno-Britz |
Evolving Card Business Presents Opportunities and Threats for Banks Rapid advances in technology, the recent IPOs of Visa and MasterCard, an uncertain economy, and shifting consumer behaviors all are converging to create a whirlwind of change -- and opportunity -- in the card space. |
Bank Systems & Technology January 1, 2007 Phil Britt |
Consumers Favor Cards for Payments in Increasing Numbers This past year saw a significant increase in consumers' use of debit cards and prepaid cards, while credit card usage remained strong. The trend is expected to continue, insiders say, potentially creating new revenue streams for banks. |
Bank Technology News January 2007 Glen Fest |
Cards: Opportunities Abound In Crowded Payments Field Although credit and debit card usage accounts for more than half of all in-store purchases, a multi-trillion dollar slice of the payments market remains for the taking. |
Bank Systems & Technology October 30, 2007 Richard Winston |
Mobile Wallet Will Take Time to Mature In U.S. Contactless payments are a transitional technology on the way to the anticipated wallet phone. |
Bank Systems & Technology September 28, 2005 Maria Bruno-Britz |
Is the End of Cash at Hand? The growing comfort with digital and wireless technologies may be largely responsible for the recent upswing in e-payments. Of course, the trend has not gone unnoticed by the financial services industry. |
Bank Technology News February 2004 |
By The Numbers Consumer payment associations are targeting the U.S., where high rates of card penetration and low levels of mobile data usage have left mobile proximity payments off merchants' and consumers' radar screens. |
Knowledge@Wharton |
New Payment Methods Give Old-fashioned Checks and Credit Cards a Run for Their Money Emerging technologies are currently gaining momentum while paper check usage is in decline, according to a new study by the Federal Reserve... |
Bank Systems & Technology June 25, 2007 Maria Bruno-Britz |
Payment Card Business Still Offers Variety of Opportunities for Growth Control over customer relationships is pushing card business to the next level. |
Bank Systems & Technology August 5, 2004 Cynthia Ramsaran |
Pay Now, Buy Later Card companies look at prepaid as a third category - in addition to credit and debit. |
Bank Systems & Technology March 30, 2007 Maria Bruno-Britz |
Retail Payments Business Moving More Toward Mobile Increasingly, banks are under pressure to provide multiple payments options to keep customers from going to the bank down the street or even to a nontraditional financial services provider. |
Bank Systems & Technology October 1, 2006 Nancy Feig |
Contactless Payments Aim to Take a Bite Out of Small Cash Transactions The final frontier in payments is cash replacement for small transactions, according to Mark Friedman, president and CEO of Peppercoin. |
InternetNews February 25, 2005 Susan Kuchinskas |
Speed the Wireless Payment RFID-enabled 'proximity' payments could go wide in 2005, but it's up to merchants to make the move. |
Bank Technology News May 2010 Jim Schlegel |
US: To EMV Or Not? The promise of EMV is a borderless credit and debit card payment system that stops fraud early in its tracks at point of sale. |
PHONE+ May 19, 2009 Khali Henderson |
Cashing In on Payment Processing It may seem counterintuitive for telecom agents to add payment processing during a retailing slump, but the goal is to provide multiple payment options for nearly every business in the country. |
Bank Systems & Technology May 8, 2007 Maria Bruno-Britz |
Corporate Clients Inceasingly Favor Card Payments, Visa Says Banks have an opportunity to help corporate customers increase efficiencies by implementing more e-payments. |
Bank Technology News June 2009 Steve Bills |
New Bling for Alternative Payments "This is definitely an opportunity to shop local," says Meyer Malka, of Bling Nation, a Palo Alto, Ca.-based contactless payments startup that enables the formation of local merchant networks designed to increase payment revenue for institutions by outflanking national card networks. |
Bank Systems & Technology February 10, 2004 Cynthia Ramsaran |
Rock, Scissors, Plastic There will be a rise in plastic payments in 2004 because of the availability of more merchants accepting credit, analysts say. |
Entrepreneur July 2006 Amanda C. Kooser |
Pay It Forward New payment technologies make spending safer and easier. |
Bank Systems & Technology December 1, 2006 Phil Britt |
Banks to Allow E-Bill Pay Customers to Pay With Cards The growing popularity of online bill payment services presents a revenue opportunity for banks. |
Entrepreneur October 2006 Melissa Campanelli |
Plug and Pay Credit cards aren't the only way to pay online these days. |
Bank Technology News June 2007 John Adams |
Payments: RBS Targets U.S. for e-Payments Business It's a huge payments player in Europe, and RBS hopes its multinational payments expertise can help it win business accounts in the United States. |
InternetNews May 20, 2005 Susan Kuchinskas |
Chase Customers Can 'Blink' at Register Chase Bank USA begins a national rollout of RFID-enabled charge cards. |
The Motley Fool March 28, 2007 Nathan Parmelee |
E-Money Around the World In the move toward a cashless society, the U.S. is lagging behind other parts of the world. |
U.S. Banker April 2007 Lee Conrad |
Landing the Unbanked With Lure Aiming to Build Credit The unbanked market spends about $1 trillion a year, and banks are making a beeline for that business, particularly with prepaid cards. There are only a finite number of people, after all. |
Bank Systems & Technology March 29, 2006 Ivan Schneider |
Former FTC Chair Defends Card Industry in House Testimony Merchants claim they seek transparency and competition in interchange rates. |
Bank Technology News June 1, 2008 Glen Fest |
Fractured World Of Contactless Cards To grow its Zip contactless payment platform, Discover Network has in place the chip orders, the merchant acquirer programs, terminal hardware deals and, of course, the user base. There's only one thing missing: the cards. |
U.S. Banker September 2010 David Evans |
As Big Threats Loom, Card Issuers Need to Make Customers Happy Despite the success of the credit, debit, and prepaid cards, banks need to get over the hurt feelings and use the powerful new tools available to them to drive innovation and profits forward. |
Bank Systems & Technology August 15, 2008 Maria Bruno-Britz |
JPMorgan Introduces Prepaid Card for Workers Comp Payments The Chase Workers Compensation Card is designed to help insurance companies gain efficiencies and to provide an alternative payments method for individuals entitled to workers compensation. |
U.S. Banker November 2006 Michael Sisk |
A Nation of Debit-ors: Paying Now, Not Later The credit-card culture seems to be drying up, as debit-card usage skyrockets. Since debit cards are linked to checking accounts, that's good news for small banks wanting to get in on the action. |
The Motley Fool May 24, 2007 Dan Caplinger |
Getting Rich on Credit Paying with plastic has simplified our lives -- but it's also made credit card companies very wealthy, and you're paying the price. |
Bank Systems & Technology March 30, 2004 Cynthia Ramsaran |
MasterCard Cashes In On Recurring Payments Merchants follow the card company's lead to improve their bottom lines by cutting processing costs and increasing customer retention with automatic payments. |
The Motley Fool May 17, 2010 Morgan Housel |
Congress Drops an Axe on the Credit Card Industry Why suppressed interchange fees could kill Visa and MasterCard. |
Bank Systems & Technology September 27, 2004 Cynthia Ramsaran |
Customers Not Crazy for Contactless Credit and debit card customers currently are not interested in contactless and other new card technologies. |
Bank Technology News May 2005 Holly Sraeel |
Nonbank Payments: Are Banks Green? Yes And No. If you take cash and payments out of the equation, who needs banks? |
U.S. Banker August 2006 Glen Fest |
Burn to Bloom: Is Profit in the Offing? A new credit - and debit - card enabled offering from Yodlee is a sign the Web-banking industry may finally be emerging from the bill-pay subsidy game. Or is it? |
Bank Technology News February 2001 David Rountree |
For Retail Payment On The Net, Only Tradition Is Getting Traction Credit cards rule, to be sure, but bankers understand that the Internet is about choice... |
BusinessWeek August 4, 2010 Eichenbaum & Collins |
Smartphones May Soon Replace Credit Cards AT&T and Verizon Wireless are readying a mobile payment system that could render plastic obsolete. |
National Real Estate Investor July 1, 2006 David Cardwell |
Electronic Payments Accelerate Cash Flow Adept property managers are encouraging the use of electronic payments and customizing options to meet residents' needs. Electronic payments help close new business faster, accelerate the availability of funds, reduce delinquencies, and enhance security. |
Bank Technology News August 2006 Glen Fest |
Online Payments: New Cardless Choices Clicking PayPal and Google expect to rule the alternative online payments space, but PIN Debit and bank-backed ACH options will abound, too. |
Bank Systems & Technology May 1, 2006 Larry Greenemeier |
Growth Can Be Risky Business Most banks are expecting healthy growth over the next few years on the strength of their retail banking operations, according to a recent study. But are banks focusing enough on the issue of data security? |
Bank Systems & Technology June 26, 2006 Maria Bruno-Britz |
Jack of All Trades, Master of Most Cards once again are proving just how versatile they can be as payments instruments. The latest card push is in the area of healthcare flexible spending accounts. |
U.S. Banker September 2007 John Adams |
Payments: U.S. Targeted by RBS In e-Payments Business Royal Bank of Scotland is a huge payments player in Europe, and it expects its global multi-payments expertise will help it win online business accounts in the United States. It has a good head start. |
Entrepreneur July 2007 Jennifer Pellet |
New Way to Pay Looking for a way to offer customers greater payment convenience? A mobile platform recently introduced by Visa is paving the way for merchants to accept payments from cell phones - though the technology has yet to reach the States. |
Bank Technology News April 1, 2008 |
Consumers Heavily Prefer One Card While many consumers carry a bunch of credit and debit cards, they generally favor one card. Issuers want to know how they can be the preferred card in that person's wallet. |
Bank Technology News July 2009 Mark Rennie Davis |
High Volume Crucial to Contactless Success Successfully expanding the use of contactless payments enables issuers to capture myriad day-to-day spending -- on items such as fast food, newspapers, and groceries -- which consumers and merchants are reluctant to use plastic for. |
Bank Technology News August 2007 John Adams |
Tech Companies From payments to core processing to Web banking, advances have always relied on innovative platforms. These firms stood out in the race to enable an unprecedented modernization in financial services. |
CIO February 1, 2007 Michael Fitzgerald |
All Charged Up MasterCard gets a payoff through a flexible approach to IT-enabled product development. |
Bank Technology News June 2006 Glen Fest |
Contactless Payments: Visa Wins Faceoff For E-wallets The firm hopes a pilot program at hockey and basketball games in Atlanta will seed the further development of e-wallet initiatives. It's a market estimated at $24 billion. |
BusinessWeek January 12, 2004 Dean Foust |
First Data: The Power Behind The Plastic After its merger with EFS, First Data's ownership of vast electronic-payment networks will provide it with a flow of fees the other rivals to MasterCard and Visa never had. |
The Motley Fool December 28, 2004 Selena Maranjian |
Paper Beats Rock, but Plastic Beats Paper Credit cards are eclipsing cash and checks in our society. |