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October 27, 2011

Chicago Fed Evaluates the Potential for Immediate Funds Transfer in the US

Chicago fed logo 60x60psThe Chicago Fed has published an essay by Katy Jacob and Kirstin Wells entitled, "Evaluating the potential of immediate funds transfer for general-purpose payments in the United States".

Immediate funds transfer (IFT) is a convenient, certain, secure, and low-cost means of electronically transferring money between bank accounts with no or minimal delay in receivers’ receipt and use of funds. Yet IFT is not widely available in the U.S. This article summarizes discussions on the potential for IFT in the U.S. held at the Symposium on Immediate Funds Transfer for General-Purpose Payments, sponsored by the Federal Reserve Bank of Chicago, on September 7, 2011.

Giftango Adds Physical Gift Card Delivery Option to Turnkey Solution

Giftango logo 140pxGiftango has announced enhancements to their enterprise digital gift card and stored value promotions platform that extend its e-commerce gifting capabilities into physical card delivery.

Giftango’s Premium Turnkey solution offers a unified customer interface supporting both digital and physical gift card orders in a single shopping experience. The solution, allows a shopper to purchase eGift cards that feature multiple card designs, delivery to email and SMS, and allow for a personal message to the recipient. Giftango’s integration with Card Fulfillment Services, a division of Travel Tags Inc., allows customers to select from multiple physical gift card options for delivery via mail, as part of the same shopping experience.

Kaching! CommonwealthBank of Australia Jumps into Mobile Payments

Commonwealthbank logo 140pxThe CommonwealthBank of Australia has launched an app for the iPhone called 'Kaching' that combines NFC, peer-to-peer payments, and social payments via Facebook. Good summary articles by NFC World, Hindustan Times, and The Australian.

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