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« October 22, 2007 | Main | October 24, 2007 »

October 23, 2007

Alternative Payments Moving the Needle

Tags » Bill Me Later, ECommerce Payments, Google Checkout, PayPal

We're starting to see some pretty mainstream adoption of alternative payments (i.e., non-bank card-based) - what with PayPal's march through the skies with the airlines, Bill Me Later's very effective use of promotional financing, etc. PayPal recently reported that 44% of its payment volume was coming from its Merchant Services business (i.e., non-auction related).

Yesterday, drugstore.com reported third quarter financial results - and they included the following snippet regarding the value to a merchant of accepting alternative payments:

"...almost 10% of OTC transactions in recent weeks have migrated to alternative payment options since the completion of our roll-out of Bill Me Later, Google Checkout and PayPal."

Here's a real-life example of an ecommerce merchant who didn't fool around trying to decide which alternative payment type to implement - they just implemented all three of the majors!

Decoupled Debit Presents Threats, Opportunities to Banks

Tags » Decoupled Debit Cards

Maria Bruno-Britz writes for Bank Systems & Technology about decoupled debit - and whether it's a threat or an opportunity for banks.

ACI Worldwide's Mobile Banking Solution

Tags » Mobile Banking, Online Banking

ACI Worldwide has announced that it will offer enhanced mobile banking capabilities to its online banking customers. "ACI’s business and consumer online banking customers will be able to use their cell phones, wireless handheld devices, or other handset devices to view information and perform online functions. Banks will be able to offer mobile access as an alternate channel while leveraging investment in Enterprise Banker data, entitlements and authentication."   » Continue Reading

An Update on NACHA Topics from AFP Boston

Tags » ACH, Glenbrook, NACHA

Glenbrook's Carol Coye Benson filed an update on NACHA-related topics this morning from this week's Association for Financial Professionals conference in Boston.

RBS Lynk Offers eBillme's Online Banking Payments to Merchants

Tags » Bill Payment, eBillMe, ECommerce Payments, Merchant Acquirers

RBS Lynk has announced it is now offering its merchants a way to reach online banking users who want to pay cash at eCommerce checkouts by offering MODASolutions eBillme payment option. eBillme provides consumers with "the ability to safely and securely pay cash using their online banking bill pay service."   » Continue Reading

Commercial Cards and Financial Compliance

Tags » Commercial Cards, Visa

Visa has released a new white paper - “Commercial Cards and Financial Complianceicon_PDF_small.gif - "to help organizations meet financial accountability requirements in many countries around the world. The paper identifies best practices in electronic payment programs for the travel and entertainment (T&E) management process and Procure-to-Pay function deployed by companies worldwide to help satisfy compliance requirements and achieve more control and visibility over spending."   » Continue Reading

Headline News - October 23, 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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