Interbank Financial Services » payment systems

Mobile Banking App from Barclays

Blog Editor — Wed, 11 Jul 2012 06:39:36 +0000

Barclays is launching a mobile banking app which will allow customers to manage their accounts on the go (view press release). Users of the service will be able to view their balances and last 30 transactions, make transfers between accounts, pay bills and find branches and ATMs. The app also allows Barclaycard UK personal customers who hold Barclays bank accounts to view their credit card balance, recent transactions and make a repayment off their last statement balance.

World’s Fifth Payment Network PayPal

Blog Editor — Wed, 11 Jul 2012 06:36:00 +0000

On a potentially historic day for the network, PayPal announced a massive slate of new payments partners, including fifteen retailers, four “mid-market” software providers, and, most notably, two of the world’s three largest point-of-sale terminal manufacturers.

Perhaps the most transformative of those partnerships is with VeriFone, which gives PayPal access to more than a million physical points of sale. Eighty of the 200 largest retailers in the U.S. use VeriFone’s POS technology, the company says.

American Express Launches Payve – New Digital Payment Service for Businesses

Blog Editor — Tue, 26 Jun 2012 09:19:15 +0000

PAYVE, a new digital payment service that enables large and medium sized companies to centralise the processing of multiple payment methods

Dwolla Launches Instant Money Transfers

Blog Editor — Tue, 19 Jun 2012 07:12:48 +0000

Ever wonder why electronic payments take a few days to clear your bank account? It’s due to the 40-year-old automated clearing house (ACH), the complex but reliable financial system that processes more than $30 trillion in payments a year. Read…

PayPal and Digital Wallets Outrunning Banks

Blog Editor — Tue, 19 Jun 2012 07:10:15 +0000

If digital wallets are so popular, why don’t banks develop their own versions?

When it comes to digital wallets, traditional banks have been slow to jump into developing products to offer their customers. Now, that lethargy is showing up as a negative in consumer surveys, such as the one recently administered by Carlisle & Gallagher Consulting Group. Nearly half of the respondents were interested in mobile wallets in general, and of those, 80% would rather use eBay‘s (Nasdaq: EBAY) PayPal than their own bank — if PayPal offered other banking services as well.

Fiat Currency and its Fail

Blog Editor — Mon, 11 Jun 2012 06:45:25 +0000

Fiat money is inflationary; it benefits a few at the expense of many others; it causes boom-and-bust cycles; it leads to overindebtedness; it corrupts society’s morals; and it will ultimately end in a depression on a grand scale. Read…

Relaunching Venmo – Social Payments Connecting People

Blog Editor — Fri, 08 Jun 2012 06:38:47 +0000

Venmo, the mobile phone payment app, just had a relaunch party at the Hotel Chantelle in New York City to show off its new social features.

Facebook Rolls Out Mobile Payments

Blog Editor — Fri, 08 Jun 2012 06:35:45 +0000

Facebook began rolling out a new mobile payments system today that reduces the number of steps users must take to complete a purchase from seven to two.

MasterCard Mobile POS Expands

Blog Editor — Fri, 25 May 2012 05:45:28 +0000

MasterCard Mobile Point-of-Sale Program Provides Guidelines to Expand Card Acceptance for Small and Micro-Businesses

P2P Payments Made Easier by Wells Fargo

Blog Editor — Fri, 25 May 2012 05:43:00 +0000

Wells Fargo & Company announced its new Send & Receive Money service. The service is intended to simplify person-to-person fund transfers by Wells Fargo depositors to other bank customers or customers of Bank of America.