Contactless Mobile Payment - Citi has already launched it and couple of other banks are building plans to launch it in the market. How much is the market share ? How many people would use it? We need to look at the market share of this payment device before big ticket investments can happen.
An analysis of the recent developments in image based check-processing shows remarkable success stories for Federal Reserve and Remote Deposit Capture (RDC) offerings. It also highlights some of the characteristics of the market, which have potential to shape the payment processing industry.
Continue reading "Check processing- re-inventing the wheel very efficiently" »
There was a buzz last month amongst the media attending the Democratic National Convention (DNC) in Denver. With thousands of excited delegates, politicians, and journalists converging in one area there was so much to talk about—Obama, Hillary, Biden… contactless payment-pins. Okay, maybe contactless payments didn’t stir up quite the excitement of a nomination acceptance speech. But underneath the undercurrents of political intrigue a prime example of payments innovation was on full display.
Continue reading "Going Contactless at the Democratic National Convention" »
