How do you get consumers to change their habits, preferences or even tastes? Well, if you have ever tried dieting, then you know how difficult it is to change a habit. Here in “wine country” where CrossCheck is located (Sonoma County, Calif.) we have seen some subtle changes in consumer preferences for our preferred beverage: wine.Read More
Have your patients’ parents been flooding into your office waving around their smart phones for you to scan for payments, or talking about mobile payment options such as BitCoin?
It’s my fifth day here in New Orleans. Day one – fly in. Day two – set up booth. Day three – look sharp for the evening reception. Day four – attend opening session, get inspired!, staff booth, meet a million new contacts, celebrate 30th anniversary, give away iPad, tweet, go to the Discover party, return to hotel, collapse. Day five – catch up on everything I didn’t do yesterday and then pack up. Wow! What a whirlwind. But I’m ready to start it all again tomorrow and here’s why.
It looks like 2013 will be chock full of great events for payment industry professionals, ISOs and financial services providers. We've gathered up some dates and locations for these must-attend events and hope to see you there!
The holidays are all about tradition, right? Year after year we visit Santa, bake cookies, decorate the tree, attend parties, light up the front yard, and shop, shop, shop. But our shopping habits have changed over the past few years, partly because of the economy and partly because of technology. Layaway, early shopping, discounts, online spending and mobile payments are challenging tradition and may likely become the "new normal." Here's a look at some new habits that are changing the way we shop during the holidays.
Travis Powers, Vice President of ISO and Partner Relations will be at the Western States Acquirer Association Meeting this week where he's sure to be surrounded with a multitude of alternative payment applications and check processing services. He recently had a chance to see Google Wallet in action (or not) and wonders ..."will Google fix my wallet?"
Consumers hang on to checks as fiercely as they hang on to their smart phones. We're still writing checks, though their demise was predicted twenty years ago. Even with the increase in debit card use, about 90% of US adults have a checking account. In addition to paying bills, we still use checks to make person-to-person payments, pay the rent and the gardener, donate to social causes, present as gifts and shop. And now, with the emergence of new payment processing technology that simplifies depositing, such as mobile remote deposit capture, it could be that checks are here to stay.
Feeling a little left behind on mobile payments? A brand new report by the Federal Reserve sheds some light on consumer use of mobile banking and mobile payments. The March 2012 report, Consumers and Mobile Financial Services, highlights consumer survey responses on the use of mobile technology to access financial services and make financial decisions.