Live from BAI Retail Delivery : New Payment Technologies: Worth a 2nd Look
With the payments world undergoing a rapid transition to electronic transactions, banks need to reexamine the benefits and risks of innovative options that they had once dismissed as too “leading-edge,” speakers said in Wednesday’s panel discussion entitled “A Payments Wake Up Call.”
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Courtesy of http://www.engadget.com/entry/1234000403059063/ The AP’s Brian Bergstein tried out Massachussetts-based Vayusa Inc.’s MobileLime system, a new mobile payment service now operating in the Boston area. Of course, our neighbors in Japan have been hip to this for a while now, but Vayusa hopes to jump-start the mobile payment industry over here in that good ol’ cellular backwater we know and love. Right now MobileLime is only available at 80 stores in the greater Boston area, and as Bergstein reports, it’s not always a trouble-free experience to actually make a successful payment. He experienced a number of transactions where, in the … Continue reading US-based MobileLime mobile payment system reviewed: don’t leave your wallet at home just yet
This quote below captured from this piece or here by Payments News is interesting. I have heard certain un-named senior exectives in the financial services industry indicate Paypal are of no concern, becuase they are P2P only, or because they are USA only …. hmmmm Payments News: PayPal’s Goal: The Global Standard for Online Payments “Our goal,” >he said, “is to be the global standard for online payments.” Continue reading Paypal goal – global standard
Aug. 03, 2005
By: Mickey Alam Khan
Senior Editor
mickey@dmnews.com
PHILADELPHIA — ETail 2005 delegates sitting out PayPal president Jeff Jordan’s presentation yesterday missed a sales call.
The chief of eBay’s online payment method pitched attending e-commerce executives and suppliers on PayPal’s virtues. He was particularly smart in positioning the credit card alternative as a bulwark against online fraud — quite visibly the concern of many in the room.
“You can, and should, look at your payments provider as another level to reduce fraud costs,” Jordan said.
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Recently attended a Gartner presentation on the state of wireless .. some notes, on how this might play out in terms of payments:
Continue reading “Towards a payment model for wireless”
Just had an interesting conversation with a colleague on this. The fundamental question we need to answer is why payments matter to consumers. Assuming people only need money to buy things, then its a given that payments are a critical element of consumers life style, yet they are at best an annoyance, and certainly not fun. So the web lifstyle has to bring convenience, and simplicity for making payments. Financial Services providers care about this, because payments are the conduit to balances, both loan and deposit balances, and balances are how FI’s make money. This is one of the new … Continue reading Payments and the web lifestyle
Technology Finding New Ways to Pay – Yahoo! News
By CATHERINE TSAI, AP Business Writer 1 hour, 5 minutes ago
DENVER – Quicker. More secure. More fun. Stores, credit card companies and banks are giving consumers new ways to pay in the latest evolution of cashless payments.
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Chase Bank recently rolled out credit cards with “blink” technology that lets users wave their cards near a computer reader instead of having to swipe them through a device. Cards never leave customers’ hands.
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CEO Says Google Won’t Compete With PayPal – Yahoo! News
By MICHAEL LIEDTKE, AP Business Writer Tue Jun 21, 7:23 PM ET
SAN FRANCISCO – Google Inc. CEO Eric Schmidt on Tuesday denied recent media and analyst reports that the online search engine leader is gearing up to compete directly with eBay Inc.’s pioneering PayPal service, although he acknowledged some kind of electronic payment product is in the works.
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The unofficial googleweblog is noting Googles rumoured entry into payments. Got this from Scoble. This ties nicely into the payments news and my Amazon story. I think I need a payments category. Online Merchants React to Google “Wallet” – The Unofficial Google Weblog – google.weblogsinc.com _ Posted Jun 20, 2005, 10:29 AM ET by Brad Hill The NY Times is running a somewhat interesting piece charting the source of the Google online payment service rumor. The supposed service has come up in an investor meeting, and of course the WSJ broke the story last Friday. Further, SEW reported that Google … Continue reading Google “Wallet”
Banks make money in two ways: – Interest on balances – Transaction fees on moving money The first is well under seige from many secondary insitutions, financial planners, and brokers. But the threat to the second one is less well understood. Credit cards are a major source of transactional revenue for Banks. Deep in this article is the comment that Amazon are considering getting into the payments space, and not through Paypal. If we let our minds wander, consider the attractiveness of an Amazon card – it could be used online, or offline. Its usability online would far surpass anything … Continue reading Payment accepted – Amazon
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