Speaking of mobile payments, Glenbrook's Carol Coye Benson has recently published a Glenbrook research report titled "Musings about Mobile Payments" based upon a series of interviews she conducted late last year with the major players in mobile payments.
Watch a video by Carol Coye Benson about Glenbrook's Payments Education offerings.
"This proposal addresses two key costs of using a credit card--fees and interest rates," said Federal Reserve Governor Elizabeth A. Duke. "The rule would prevent credit card issuers from charging large penalty fees for small missteps by consumers and would require issuers to reevaluate rate increases imposed since the beginning of last year."
Last year, EnStream launched the Zoompass mobile application and began offering Canadians a mobile wallet. Available at www.zoompass.com and accessible on most mobile phones in Canada, Zoompass allows users to send money to friends and family from their mobile handsets.
Thanks to all of our clients who we've served and the many friends we've been fortunate to meet over the last nine years!
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In a second post, Wingo shares a response from Paypal's Ed Eger, SVP and GM of PayPal's North American business (Eger's response is also posted on The PayPal Blog). Eger writes: "We are selectively addressing a small fraction of the highest risk merchants in our portfolio—merchants who we believe may struggle to meet their commitments to their customers." He also says: "The vast majority of our sellers get access to their funds immediately." Eger says he's looking for seller feedback: firstname.lastname@example.org.