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« September 6, 2007 | Main | September 8, 2007 »

September 07, 2007

The Dirty Secret of Campus Credit Cards

Tags » Credit Cards

BusinessWeek's series on the increasing use of credit cards by students continues this week with an article titled "The Dirty Secret of Campus Credit Cards". The article says that credit cards issued under affinity contracts represent sweetheart deals between the card issues and the colleges - and that "it's the students who pay the price."

Wireless, Cashless Payments Come To The World Of Taxi Drivers

Tags » Contactless Payments, Transit Payments, Verifone

Marilyn Alva writes for Investor's Business Daily about Verifone and how it's benefiting from wireless POS equipment sales in support of expansion of card acceptance into new segments such as taxis in New York City.

Smart Card Alliance Says No to Long-Range RFID

Tags » Card Technology

In a press release yesterday, the Smart Card Alliance weighed in on plans by the U.S. Department of Homeland Security (DHS) and several states including Arizona, Vermont and Washington, to develop and issue enhanced state driver's licenses that could be used as acceptable alternative documents for crossing the United States' land and sea borders. The Smart Card Alliance says it "has serious privacy and security concerns for U.S. citizens participating in these programs based on the direction DHS has been recommending for the enhanced driver's license technology."   » Continue Reading

Contactless vs. Biometric Payments

Tags » Biometrics, Contactless Payments

In an article titled 'Did Radio (Waves) Kill The Biometric Star?", Evan Schuman writes on his Storefront Backtalk blog about how "contactless payment and mobile payment efforts seem to have stunted the growth of retail biometrics." He notes that "the surprisingly rapid acceptance of contactless payment credit cards essentially usurped the speed/convenience argument away from the biometric people."

JCB J/Speedy Contactless in Taiwan

Tags » Contactless Payments, JCB

JCB has announced the launch of the Breeze Center JCB Card with the J/Speedycontactless payment program in alliance with Union Bank of Taiwan (Union Bank). According to JCB, "this will be the first card with J/Speedy in the world. J/Speedy allows customers to pay quickly and easily by simply tapping the card - no signature is required."   » Continue Reading

Best Practices in Remote Deposit Capture

Tags » Remote Deposit Capture

Celent has announced a new report titled "Best Practices in RDC: The Seven Habits of Highly Effective Deployers" - saying that "differences among banks are stark, with highly effective deployers enjoying a hundred-fold advantage in the number of RDC clients deployed."   » Continue Reading

India: mChek Launches with Airtel

Tags » India, Mobile Payments

The Hindu reports from Bangalore on Airtel's launch of mChek's mobile payment service - enabling Airtel subscribers to pay their mobile phone bills via SMS using mChek.

Headline News - September 7, 2007

Tags » Payments News - Headline News

Note: Throughout the day, as Payments News happens, this post is updated. For job opportunities available for payments professionals, visit PaymentsJobs.com. Employers looking to hire payments professionals can post their job openings there as well.

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