Over the winter break, Verizon announced (and then retracted) that it would begin to charge customers a $2.00 convenience fee in 2012 to pay their monthly bill online or over the phone — except in a multitude of cases “where the fee is waived or where no fee applies”. Huh? That’s what we said, too. [...]
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You are a bona fide payments professional if that headline makes senses to you. For everyone else, here’s an explanation. Kombini Payments Before we take a look at PayNearMe, let’s first explore how Kombini payments work. Kombini (variously spelled Konbini, Kombini, or Combini) or convenience store payments are an important element of the Japanese payment [...]
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I think it’s fair to say that the success of remote deposit capture (which allows the recipient of a check to scan and deposit it electronically) took the payments industry somewhat by surprise. The early take on this offering seemed to be “hey, why not just change to electronic payments”? The answer, of course, was [...]
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Recently a number of ecommerce merchants and traditional companies have asked us, “Can I just outsource ALL of my payment processing? I’ve had it!” At first we suspected that these requests were driven by PCI compliance concerns. As it turns out that’s only a small part of the motivation. Companies are reacting to ever increasing [...]
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Due to a last minute change of plans I am not in NYC for Finovate2008 (and very disappointed) but you can follow along with Jim Bruene who is live blogging at NetBanker. I will add links to additional live and post-meeting coverage over the next couple days, so bookmark this post.
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CheckFree and AT&T Mobility recently announced that AT&T would begin supporting electronic bill presentment through CheckFree-powered bank bill pay sites. AT&T Mobility’s more than 70 million customers will now be able to receive their bills electronically at their bank’s bill pay site if the bank is a CheckFree customer. AT&T Mobility joins 400 other billers [...]
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From Bank Technology News: Ariba, a spend management solutions firm, has agreed to a first-ever private-label agreement for its invoice and payments technology with Citi’s Global Transaction Services unit. Citi plans to integrate Ariba with its own e-payment and supplier finance offerings. Those programs include Citi’s recently launched purchase card program and connectivity to major [...]
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