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« March 3, 2013 - March 9, 2013 | Main | March 17, 2013 - March 23, 2013 »

March 14, 2013

Payments Views - Machine Learning: A Road to Smarter Payments

GP Logo Horizontal 140pxOver on Payments Views, Glenbrook's Dennis Moser has posted his thoughts on how what's happening in machine learning and how it might be applied to payments.
With the plunging cost of computing and the growing need to manage and interpret “big data”, it seems to me that machine learning should be an important ingredient in payments company IT plans. Of course, there are many large companies in the payment space that already employ machine learning – but for other smaller companies and newer entrants, machine learning may represent an untapped opportunity. Recent developments in machine learning may also be relevant for the big players.

Full post is located here.

March 13, 2013

Payments Views - Faster, Better, and Cheaper (Like it or Not)

GP Logo Horizontal 140pxOver on Payments Views, Glenbrook's Carol Coye Benson has recently posted her thoughts on the disruptive nature of the new real-time, credit-push systems that are starting to emerge around the world.
Of the various use cases, the largest opportunity is undoubtedly B2B payments. But the most intriguing use case is point of sale purchases – imagine a consumer with a mobile device, pushing a payment to a merchant – no authorization required!

Full post is here - "Faster, Better, and Cheaper (Like it or Not)".

March 12, 2013

First Data Releases February 2013 SpendTrend

First data logo 140x60px First Data has released its First Data SpendTrend analysis for the full month of February 2013 compared to February 2012.
Dollar volume growth slowed to 4.6% year-over-year compared to January’s growth of 6.2%. A combination of factors such as higher payroll taxes, a delay in federal tax refunds and high gasoline prices restrained spending and forced shoppers to reassess their spending budgets. Major winter storms across much of the country and the unseasonably cold weather throughout the South also weighed on shopper foot traffic. Transaction growth slipped to 3.5% in February compared to 5.3% last month.

SpendTrend tracks same-store consumer spending by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks at U.S. merchant locations.

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