New Online Payment Methods May Reach Offline As Well
Gail Liberman and Alan Lavine report for MarketWatch on emerging payment methods - saying that "newer online technologies, which include the ability to make a purchase by keying in a checking account number or PIN to debit a checking account, are moving mainstream." They cite a report by Celent's Dan Schatt who says that "although online alternatives to debit and credit accounted for just 12% of payments volume in 2005, they will more than double in the next three years to account for 26% of online payment volume. Credit-card volume will drop below 50% of online payment volume by 2009."
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