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Posts in category "Payments"

02/27/2014

Is anyone still writing checks? The answer may surprise you

When the question “Who is still writing checks?” comes up in conversation – and I recognize it probably comes up more in my conversations than yours – the answers aren’t quite what the conventional wisdom would have you believe. It is true that, generally speaking, the older you are the more checks you tend to…

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01/31/2014

Data breaches may accelerate move to new technology

If you’re looking for the gory details of the recent customer data breaches at Target and Neiman Marcus, there are countless sources that continue to provide blow-by-blow accounts. The ubiquity of their coverage is largely my point. Very few outside this industry are aware of the 2008 Heartland Payment Systems breach, while a reference to…

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01/30/2014

For payments, small businesses prefer evolution to revolution

Now is not the time to turn your back on the good old business check. Sometimes it might seem as though checks have no future and no longer provide the utility necessary to keep up with today’s fast-paced economic climate. I can assure you that’s not the case. I’m not going to argue that check…

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01/16/2014

Checks still have an important role, and they’re playing it

In 1990, I don’t recall ever entering a retail store and seeing a “We do not accept checks” sign staring back at me as I stood at the register. Retailers knew customers carried checks and checks were preferred by many as their favorite method of payment. But times have changed, and today it sometimes seems…

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01/15/2014

Payments: What Lies Ahead?

By Lee Manfred and Melissa Fox, First Annapolis Consulting Payments — whether they’re made by check, cash, debit, credit, or, increasingly, prepaid — are a daily activity for consumers and an important part of a financial institution’s customer value proposition.   First Annapolis estimates that 158 billion payment transactions were performed in 2013, representing $51 trillion…

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12/04/2013

The QWERTY Wallet

  Last year, Money 2020 come onto the scene with a bang, so much so that their follow up 2013 event was going to struggle to live up to the hype. I was fortunate to attend Money 2020 in October, and while the attendees grew to about 4,200 people, the content lacked last year’s provocative spark….

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11/15/2013

Financial Institutions Place Importance on Innovation

Financial institutions are making decisions to help them prepare for both the present and future.  These initiatives may be helping many stay ahead of the curve when it comes to technological advances. Approximately 75 percent of financial institutions noted that they are increasing their investment in innovation, especially when related to customer banking channels, according…

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