Visa Europe warns cut in fees will harm customers. The day before the Knesset is scheduled to discuss the cross-clearing bill on credit cards (Amendment 17 to the Banking Law - Clearance of Transactions by Debit Cards), Visa Europe has expressed its strong objections to the bill, which will cut fees. The company asserts that the reductions will harm the security of credit cards and will therefore harm customers. "Cutting the fees will harm the security of credit cards," Visa Europe's Israeli representative Oded Salomy told "Globes". "The clearance fee has to include a high enough profit to credit card companies so that they can invest in credit card security. There are concealed costs that the customer does not see, which are aimed at securing the use of credit cards. These costs are huge, and someone has to pay them. " The Knesset has already passed the bill in its first reading, and the Knesset Economic Affairs Committee is scheduled to discuss it.
. © Copyright of Globes Publisher Itonut (1983) Ltd. 2011 Comments Your comment. How To Protect Against Identity Theft" Identity theft is a modern problem, a crime facilitated by the use of checking accounts, credit cards, ID numbers and computerized banking systems. The incidence of identity theft has grown exponentially since the 1990s. A Federal Trade Commission survey revealed that 3.7 percent of all Americans became aware that they had been victimized by identity theft in 2005 [source: FTC]. That works out to more than eight million Americans in a single year -- and those are just the people who realized they were ID theft victims. The effects of identity theft can be devastating as well. Unfortunately, there's no single, simple way to protect yourself against identity theft. In this article, we'll learn how identity thieves steal or scam their way into your financial life, and outline the best ways to keep it from happening. Apple, Google and online subscriptions: Paying the internet’s pipers.
Visa's PlaySpan Purchase: Score One For Cold Hard Cash. Social Media and Banking Sector - What You Can Learn | Smedio | The New Media and Social Web Guide for Business and Marketers. While there is no doubt that social media is all the rage amongst retail and advertisings sectors, it is yet to make major inroads in the financial services and banking sectors. A new report from Ovum, the technology arm of market analyst firm Datamonitor reveals that a majority of banks worldwide aren’t yet ready to embrace social media. Privacy and Data Security are two of the biggest hindrances to mass-scale social media adoption in the banking sector.
Moreover, many banks do not think social media gives them an edge to engage customers. In fact, they believe that it’s a dangerous proposition which may compromise sensitive financial data. IMO, while some of those concerns are valid, others are simply blown out of proportion. Ovum Research Findings Startling as it may seem, the recent Ovum research indicates that 60 per cent of the world’s retail banks have no plans to use social media in the future. Challenges What is your opinion on the use of social media in the banking sector? Visa Enters Virtual Good Payment Industry with Acquisition of Playspan. Global payments technology company Visa has announced an agreement to acquire online game monetization-as-a-service provider Playspan for $190 million cash. The acquisition will allow Visa to start taking a cut of virtual good market, which will grow from $1.6 billion in 2010 to $2.1 billion in 2011, according to our Inside Virtual Goods report.
Founded in 2006, Playspan helps developers by allowing users make in-game payments and buy Credits through Facebook’s integration of its UltimatePay product that accepts 85 local payment methods from 180 countries. Developers can integrate the pop-up UltimatePay lightbox that shows users relevant payment methods based on their location and more. Playspan sells pre-paid Ultimate Game Cards in retail locations so users can purchase virtual currency and goods without a credit card. The company also powers custom virtual goods storefronts, lets publishers create their own virtual currency or subscription products, and provides analytics. PayPal's Micropayment Solution Opens to the Public. Online payment company PayPal has opened up its micropayment solution to "game developers, media publishers, or anyone interested in selling digital content on a global scale.
" The solution was first announced last October when the company said that the upcoming feature would offer "a competitive fee structure for micropayments, with pricing at 5 percent plus 5 cents for purchases under $12. " Today, PayPal's two-click micropayment solution has gone public and it has the potential to change how publishers and other online merchants interact with their customers. The major hurdle for micropayments is getting the consumer through the process with as little friction as possible. The more a consumer has to do to make a payment, the less likely they are to do so.
This is PayPal's answer to that problem. When consumers pay for online content, PayPal for digital goods allows them to pay in as little as two clicks without ever leaving a publisher's game, news, music, video or media site. Mobile Payments. The Social Gaming Industry Explained In 13 Words. Ah-hah! Over the weekend, we finally discovered the perfect analogy to explain the booming virtual goods business. (The one that Electronic Arts just spent $400 million buying startup Playfish to get into.) The analogy came from Jimmy Fallon show producer Gavin Purcell, of all places. On Twitter, he wrote: "Casual Gaming is the Arcade business rising from the ashes of the 1980s. " Why does this resonate so well with us? Arcade games made money by addicting people to simple games (like Pacman), introducing "friction" into these games (by making them harder after each level), and then charging small amounts of money to ease that friction (by allowing gamers to buy "lives.
") That's what social games do -- charge people small amounts of money to reduce friction in games they are addicted to. Pay with a Tweet - A Social Payment System | The Social Media Guide. By admin Tuesday, June 4, 2013 Social media has become one of the popular platforms for any company to advertise their products and services. Facebook provides ample of opportunities for such people who want to reach the masses quickly and efficiently. Various strategies are incorporated within the Facebook website that lets you attract attention of the potential buyers of your services and products. The statistics say that 1 in every 12 people on earth is on Facebook making it around million users accessing the website and a perfect way to reach out people. This method of advertising is way cheaper and better than the door to door selling and other conventional methods.
Firstly you need to grow a fan base of around thousand potential customers who might be interested in doing business with you. There are plenty of reasons why a normal Facebook ad fails. There are few basic ways by which the ads can get working for you. Pay with a Tweet - A social payment system. Consumers' love of credit cards to return - Money - TODAYshow.com. Consumers have weathered a tough couple of years, with the mortgage collapse, record unemployment and massive changes to the credit card industry. But the worst is behind us, say analysts and experts well-versed in financial fortune-telling. Here are their predictions for a (somewhat) brighter 2011. Prediction 1: A stabilizing economy; more consumer spending A number of factors will lead consumers to loosen their purse strings in 2011.
Employment reports will be positive by mid-2011, according to Wells Fargo's Annual Economic Outlook for 2011. Credit card and mortgage loan delinquencies will both show double-digit drops over the next year, says credit information management company TransUnion. More from CreditCards.com: Erica Sandberg's best money advice of 2010 Prediction 2: The credit card makes a comeback If the credit card has been America's favorite villain, it's poised to make a comeback, in 2011 — at least for some Americans. Prediction 6: Downfall of the debit card? HyperWALLET - Payment Solutions for Global Commerce.
MEPS - Simple. Convenient. Secure. 中国人民银行. Банк России. European Bank for Reconstruction and Development [EBRD - Homepage] Asia-Pacific Economic Cooperation - Asia-Pacific Economic Cooperation. International Monetary Fund Home Page. Remittance Prices Worldwide - The World Bank Group. World Bank Group. Bank for International Settlements. Payments Blogs - Payments News Archive. Jupiter's Ed Kountz blogs about alternative online payments ((PayPal, BillMeLater, Google Checkout and eBillMe). He writes: "A new JupiterResearch report indicates that consumers who are turning to alternative online payments are doing so for two primary reasons.
The first is security -- in the form of not having to enter card information online. The second, convenience, is related—as anyone who has ever wanted to make a purchase on a PC upstairs, using a credit card located in a wallet or purse a floor or two away has found. " Which do you think is most important for consumer adoption: convenience or security? Ed's new blog is one of many payments and banking blogs that we've recently collected onto our "Other Blogs" page. Payments: Home. Blog The Remittance Coalition, a group of payments industry players that works to increase the efficiency of business-to-business (B2B) payments made and reconciled by US businesses, met Sunday at NACHA Payments 2014.
NACHA was previously the National Automated Clearing House Association. The discussion provided an update on several initiatives that the coalition has been involved in over the past year, including the innovative B2B Directory project. The highlight of the second day of the International Payments Summit (IPS) 2014 in London on 3 April was a discussion panel involving two central bankers. The Bank of England (BoE) and Banque de France (BdF) warned the assembled bankers, payment professionals and treasury end users at IPS not to expect any regulatory lenience from overseers. The economic signs appear increasingly positive. Payroll is often simply viewed as a cog within the wheel of business. Interview Video. AFP Blogs » Blog Archive » Payments and shipping — perfect together? Canadian Payments Association (CPA)| L’Association canadienne des paiements (ACP)
NACHA - The Electronic Payments Association. PaymentsTalk.com - Payments Industry Discussion & Commentary. Mobio - Empowering Identity. Pay with a Tweet - A Social Payment System | The Social Media Guide. Security – Visa Corporate. Play We are a global payments technology company About Visa We connect financial institutions, merchants and governments around the world with credit, debit and prepaid products. Our business One of the most advanced payment processing networks. Select one Visa transactionHistory of VisaGlobal presenceOperating regulationsVisa Inc. & EuropeInterchangeResponsible spendingPayment security Go Visa transaction Discover how we make it easier to pay and be paid. See a transaction in process Our history We've been a pioneer of electronic payments since 1958.
Explore our history Our global presence Accepted in over 200 countries and territories worldwide. About our global presence Board of Directors. Our commitment to corporate responsibility. Come work with us. In the Works: A Google Mobile Payment Service? 8 Educational iPhone Apps for Small Business Owners. 4 Small Business Mobile Predictions for 2011. 2010 saw a staggering growth in consumer mobile usage , and with the smartphone industry growing at an unprecedented rate, 2011 coul February 07, 2011 2010 saw a staggering growth in consumer mobile usage, and with the smartphone industry growing at an unprecedented rate, 2011 could prove to be an unparalleled year in terms of mobile innovation and expansion. With more than 70 percent of the world's population owning a mobile phone, it's time for small businesses to pay attention to mobile and begin planning their mobile strategy now.
Below are four predictions on how the growth of mobile will affect small businesses in 2011, with key takeaways on how you can get started with each one. 1. Allowing your customers to buy with speed and confidence is essential for any small business owner, but with the pace of modern life, it's now increasingly important to let your customers buy at their convenience. 2. 3. 4. Image courtesy of Flickr: Randy Kashka, AxsDeny.