Sunday , November 24, 2024

Search Results for: real-time payments

E-Commerce: NFC Isn’t Just a Brick-and-Mortar Thing

Typically thought of as a mobile technology for physical merchants, NFC could soon be converting card-not-present transactions into card-present payments for e-commerce retailers. That prospect has important implications for processors and developers. By Bill Pittman Every e-commerce retailer would like to reduce its cost of payments, slash its fraud, and …

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Dwolla’s New Instant Service Offers Immediate Cash For Impulse Purchases

Dwolla Corp. on Thursday unveiled a credit option it hopes will appeal to users who want faster funds availability for spot or impulse purchases. The option, known as “Instant,” is available now and allows users to borrow up to $500 that they can use right away rather than waiting two …

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Opinion&Analysis: What’s Wrong with the Mobile Wallet?

  By Steve Mott   Scratch most of the proposed or existing wallets, and you’ll find the same payments infrastructure everyone is trying to move beyond. What’s needed is an alternative that benefits consumers and merchants as much as it does banks, networks, and carriers.       The rising …

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Acquiring: Turf Wars?

  Jim Daly   Merchant acquirers are keeping a watchful eye on the bank card networks as the publicly held companies seemingly move onto turf acquirers regard as their own. Are acquirers’ fears about network ambitions justified?       Moving transactions from merchant locations to cardholder accounts and back …

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The Age of Offers

  Startups and established companies alike are betting that consumers obsessed with daily deals could jump-start mobile payments. But it may take a while for that bet to pay off.   By Jane Adler       Rewards redemption with a mobile device at the point of sale isn’t a …

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Networks: From Tomorrow to Today

  By Peter Lucas   The ACH hasn’t had a substantial change to its settlement windows in years. With the Fed offering same-day clearing and NACHA starting a rule-making process, that’s changing. But is it changing fast enough?       Same-day clearing and settlement of transactions through the automated …

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Prospects Brighten for Same-Day ACH As Software Emerges And NACHA Eyes Rules

  Faster clearing and settlement of automated clearing house transactions, hampered by a host of issues and limitations, could be picking up some momentum, albeit slowly. Software is emerging to allow both large and small financial institutions to take advantage of a nearly 1-year-old Federal Reserve service that clears transactions …

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The Rise of the Quasi-Merchant

  Purveyors of card-acceptance services for mobile phones  are booking merchants by the hundreds of thousands.  But many of these merchants present underwriting risks and generate little charge volume. Are they worth it?   By Jim Daly   Everyman a merchant? Thanks to smart phones and aggressive merchant processors such …

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An Industry Divide over Durbin’s Impact on PIN Debit for E-Commerce

While the payments industry awaits stringent new rules concerning debit card transactions, some processors and technology players are starting to exploit what they see as opportunities in the new regulations. Acculynk Inc., for example, released last week a statement calling on Internet merchants to sign up now for online PIN …

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