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« August 1, 2004 - August 7, 2004 | Main | August 15, 2004 - August 21, 2004 »

August 13, 2004

Continental Airlines Expands Cash Payment Options

Western Union has announced that it has expanded its relationship with Continental Airlines to allow travelers from the UK to purchase air travel using cash instead of credit cards. READ MORE »

Use of ATMs Declining

Sasha Talcott writes in the Boston Globe on how the increasing usage of debit cards is reducing the need for cash.
The ATM data point to a larger trend that economists have been talking up for years: the move toward a cashless economy. For the first time, the number of electronic payments has surpassed cash and checks, according to a study released last year by the American Bankers Association.

"It's just easier than carrying cash around," said Stephanie Wash, a Braintree student. Wash said she uses her debit card "more and more," including to get cash back, lessening the need to visit the ATM. She still uses cash for smaller purchases, including Burger King chicken tenders and fries.

August 12, 2004

Payments 2004: The Merchant Perspective

Glenbrook's Allen Weinberg was the keynote speaker at the Direct Response Forum's conference in San Francisco yesterday. His remarks focused on the payment acceptance issues and opportunities facing "card not present" merchants. A copy of his presentation slides (PDF) is available online on the Glenbrook web site.

Dexit - Designed for Small Purchases

Erin Pooley writes in Canada's Globe and Mail about Dexit, a prepaid payment product. READ MORE »

August 11, 2004

August 10, 2004

Bank of America Launches Remote Payments Online

Bank of America's Global Treasury Services has announced Remote Payments Online, a new Internet and telephone electronic payment service for its corporate clients. The service allows companies to integrate electronic payment transactions through their existing (or new) Web and telephone infrastructures and accept credit card and/or ACH payments within a single platform. The Remote Payments Online service is based on a proprietary technology platform developed by Princeton eCom.

Heartland Files for IPO

Heartland Payment Systems has announced that it has filed a form S-1 registration statement with the SEC for an initial public offering of its common stock. Heartland's S-1 itself is available for downloading from the SEC's Edgar web site. [Update - August 11, 2005: Heartland's IPO has been announced.]

Retail Decisions Adds PayPal Payment Option

Retail Decisions has announced that it is now supporting PayPal as an additional payment option through its payment gateway. READ MORE »

August 09, 2004

Stripe Snoop

Slashdot this morning reports on Stripe Snoop, a "suite of research tools that captures, modifies, validates, generates, analyzes, and shares data from magstripe cards."

GE Consumer Finance to Acquire Dillard National Bank

GE Consumer Finance has announced that it has entered into an agreement to acquire the assets of Dillard National Bank, the private label credit card issuing bank of Dillard's, Inc. for $1.25 billion. READ MORE »

August 08, 2004

Electronic Check Conversions

Kathy Uek writes in the MetroWest Daily News about electronic check conversions at the point of sale -- and the declining number of paper checks being written. READ MORE »

PayPal's Quandry

CNN Money's Allen Wastler takes a look at PayPal:
I feel for PayPal. I really do. The Internet payment service is stuck in a classic "damned if you do, damned if you don't" situation.

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