Topic
Alternative Payments
Payments executives, technology vendors and merchants are developing and testing systems that let people make purchases electronically without credit or debit cards. Retailers say making it easier to spend money could attract more customers. But many of these methods have the potential to eat into banks' interchange revenue, which is making financial companies uncomfortable.
The Tech Scene
Facebook Payments System Facing Uncertain Demand
American Banker | Jul 06Analysts warn that Facebook's efforts to promote an alternative currency may be unnecessary and that demand for a Facebook payments system will likely be minimal ...
Payments Companies Seek Elusive Teen Purchases
American Banker | Jun 12IdeaEdge and ModaSolutions are two companies that have set their sights on teen spending, only to find that their online security approaches were, in effect, working ...
Travelex Extends MasterCard Link to Cash, Check Venues
Will Hernandez is the associate editor of ATM&Debit News. | May 19Travelex Group said that extending its relationship with MasterCard would help it promote foreign-currency prepaid cards into new areas where cash and checks are commonly used.
Vendor to Market Bling Nation's System to Banks
American Banker | May 12Sensing an appetite among community banks for more remunerative transaction processing, the vendor Integrated Bank Technology said Monday that it would offer ...
Bling Tests Pay Stickers for New Debit System
Will Hernandez is the associate editor of ATM&Debit News. | May 05The start-up processor Bling Nation said that consumers showed strong support for making purchases with contactless payment stickers during a recent test of the emerging ...
THE TECH SCENE
EBay Set to Merge PayPal and Bill Me Later Systems
American Banker | Mar 13EBay hopes that combining the risk management strengths of its PayPal unit with new features designed to attract new types of users will help it become a global ...
Paymo Signs Up Three Mobile Networks
American Banker | Mar 11The alternative payments start-up Paymo Inc. announced several deals that significantly expand its reach and mark its debut in the United States.
Bling Nation Hires Rogers as CFO
American Banker | Jan 08The fledgling alternative payment network operator Bling Nation said Wednesday that it has hired Daniel Rogers, a veteran banker, as its chief financial officer.
Mobile Micropayments to Target U.S. Teenagers
American Banker | Dec 22An alternative payments start-up says it is planning to offer an online micropayment system for cell phone users in the United States.
Tool Can Calculate Contactless' Benefit
American Banker | Dec 17A trade group that promotes the use of contactless payment cards has developed a tool to help merchants determine whether it makes economic sense to invest in the ...
