The Chicago Transit Authority continues to add payment options, with a vote by its board of directors on Nov. 15 to install an electronic fare-collection system. The system would accept contactless credit, debit, and prepaid cards, which would be tapped on electronic readers to make the payment. Contactless payments through mobile phones will also be supported. Currently, the … [Read more...] about CTA Approves Contactless Payments System
Payments
MOBILE PAYMENTS: Desire, Fear, and Other Commercial Conundrums
Mobile commerce is still an emerging market in search of itself, with both the boosters and skeptics commenting in recent weeks. The swirl of news and surveys illustrates the tensions between tradition and innovation that mark the new-technology dance of entrepreneur demand creation and consumer desire fulfillment. A Big, Fat Cloud In a study that articulates demand for mobile … [Read more...] about MOBILE PAYMENTS: Desire, Fear, and Other Commercial Conundrums
The Durbin Amendment and Digital Banking
One of the most controversial—or at least most recently mediafied—portions of last year’s Dodd-Frank Wall Street Reform and Consumer Protection Act was built in Illinois, if not Chicago itself. The "Durbin Amendment," introduced by our own Senator Richard Durbin (D-IL), has raised more recent rancor in the banking industry than just about any other provision of the massive … [Read more...] about The Durbin Amendment and Digital Banking
MOBILE PAYMENTS: Desire, Fear, and Other Commercial Conundrums
Mobile commerce is still an emerging market in search of itself, with both the boosters and skeptics commenting in recent weeks. The swirl of news and surveys illustrates the tensions between tradition and innovation that mark the new-technology dance of entrepreneur demand creation and consumer desire fulfillment. A Big, Fat Cloud In a study that articulates demand for mobile … [Read more...] about MOBILE PAYMENTS: Desire, Fear, and Other Commercial Conundrums
Payments Standards: A Dispatch from Sibos 2010
Standards for payments and reporting tend to ignite passions and controversy, and the Single European Payment Agreement (SEPA) proved the point at the Sibos 2010 conference, held in Amsterdam in late October. European banks, companies, and other interested organizations seek and end-date on SEPA adoption, which thus far has fallen far short of expectations. While Europe … [Read more...] about Payments Standards: A Dispatch from Sibos 2010