April 2006

Text message based payment services are dependent on gateways that link wireless carriers and payment processors. MX Telecom, Inc. provides the infrastructure underlying PayPal's PayPal Mobile and TextPayMe. The company has been in business for six years and was profitable from the start. They also provide a gateway for Transport of London, the controversial service […]

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Two recent annoucements underscore the strong demand for remote capture products: NetDepositPress Release, April 25 NetDeposit generated a 190 percent increase over transaction volumes of the previous quarter and More than 1,000 new corporate end users have been added since January,  24,406,641 Check 21 payments were processed during the first quarter of 2006. Compared to […]

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A new non-profit, The Flexibility Alliance, promotes workplace flexibility. It provides resources for employers as well as working parents. Key flexibility stats: 60% (nearly) of women in one study would have left their jobs without the opportunity to work flexibly. 53% of the women in the same study were promoted while working flexibly Managers and […]

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Today's Wall Street Journal has a great write up on text messaging payment services. One noteworthly thing about the article is that it does a good job of distinguishing mobile phone payments between private parties (serviecs like PayPal's recently launched PayPal Mobile, etc) vs. credit card sponsored initiatives that enable small dollar credit card payments […]

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Wiki sites allow users to contribute content, quickly and easily, creating a collaborative, real time repository of information. See definition here – at Wikipedia, of course. According to CFO.com, businesses are now exploring wiki technology as a means of sharing business and financial information without the complexity of content management software. Of course, by it's […]

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As large US companies gain experience with Sarbanes-Oxley compliance efforts, costs are falling. A study comissioned by Deloitte, E&Y, PWC, and KPMG surveyed 58 large companies and 66 smaller companies. Among larger companies the average cost of compliance dropped 44% in 2005, to $4.8 million. More details here:Compliance Costs Fall, Study FindsBloomberg News & The […]

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NACHA Press Release April 12, 2006 HERNDON, Va. – April 12, 2006 – This May, banks, credit unions, non-profit associations, businesses, and governments across the nation will once again be asking consumers to increase their use of Direct Deposit and Direct Payment in place of paper checks. An industry group led by NACHA, Electronic Payments […]

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Today's WSJ has a front page article on an emerging industry devoted to protecting consumers from abuses of RFID technology. The article describes hammering a credit card with an embedded chip to destroy its RFID capability, a $7 hole punch like device, and simply microwaving the card. An excerpt from the article: Radio chips have […]

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Today’s SF Chronicle has an informative write up on mobile payments prompted by the CTIA Wireless 2006 convention in Las Vegas last week where PayPal announced its PayPal Mobile service. Using your cell phone as a smart wallet — PayPal has a service that allows a user to pay for items out of a PayPal […]

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AFP Annual Conference Las Vegas, NV October 15-18, 2006 Hosted by the Association for Financial Professionals More info: AFPOnline.org Case Study: Dreyer’s Grand Ice Cream Leverages Its Demand Chain Many manufacturers suffer from a lack of detailed customer sales information and are hampered by inefficient accounting with their demand chain partners. Learn how Dreyer’s Grand […]

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This evening as I was online the New York Times home page refreshed and voila – they have a fresh, new design. Personally, I like it. The navigation is better and there is more real estate "above the fold" (more visible without scrolling). Check out the new design One particularly noteworthy feature: they are now […]

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7-Eleven, Exxon Mobil, and Circle K have introduced expanded service ATMs in their stores, hoping to attract and retain customers. Consumers can use these "ATMs on steriods" to not only get cash, but pay bills, transfer funds to other people, buy cell phone minutes, and cash checks. Excerpt from the New York Times (April 1, […]

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