All articles by Charles Davis
Charles Davis
Mobile banking in US set for lift-off
Mobile phone-based banking in the US has been finding its feet during the past few years and has now reached the point where it is about to become mainstream, predicts consultancy Celent Charles Davis reports.The long-awaited tipping point for mobile banking in the US may finally be coming to fruition
Streamlining insurance payments
US general insurer Allstate has joined a fast-growing number of companies to make electronic billpay specialist CheckFrees service available to its clients To gain further insight into the remarkable rise in popularity of online billpay amongst American consumers, EPI spoke to CheckFree.
US start-up gets set to challenge online payment giants
US start-up gets set to challenge online payment giantsMoneta, a new payments company, regards non-credit online purchases as a potentially lucrative niche, and has positioned itself as a gateway for payments accessing consumers cheque accounts when shopping via the internet It has started offering a payment system for online purchases that uses only automated clearing house debits, while offering merchants lower transaction fees.Consumers who register with Moneta are provided with a four-digit PIN that is used to complete all purchases, eliminating the security concerns most consumers have about submitting sensitive personal information over the internet Consumers can also log on to their accounts and quickly change the bank account that funds their Moneta transactions.Direct transfersTo further bolster its processing platform, the company recently announced that it has acquired the Retail Payments Service (RPS) product from payments services provider CheckFree
eBay fills big gap in its armoury
Facing flagging growth in its online auction business, eBay is increasingly reliant on payments unit PayPal as its primary growth-driver. Building on this, eBay has seized the opportunity to acquire one of its most dynamic rivals in the alternative payments space, Bill Me Later.
Fast-tracking mobile banking
Consumer demand for mobile banking in the US is on the rise, sending banks scrambling to provide a service ClairMail provided Charles Davis with insight into its newly-launched mobile banking suite, QuickStart, which has been specifically designed to fast-track banks into the market.
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Solving the corporate paperchase
In a search for greater efficiency US corporates are turning increasingly to electronic payments to solve vendor payment needs, a trend that is driving significant growth in Bank of Americas PayMode network.
Fiserv enters mobile banking fray
Competition in the already hotly contested mobile banking and payments market has been ratcheted-up considerably by Fiservs launch of a solution aimed at supporting multiple protocols.
CashEdge solution gives banks an edge in the payments arena
Electronic payments providers have long seen the world in terms of either consumer-to-business payments, business-to-business or person-to-person (P2P). But those lines are blurring as technological advances, particularly with regard to fraud prevention and detection, make it cost-effective to offer a host of online payments options.
Fiserv seizes US billpay opportunity
Legislation is forcing payday lenders and cheque-cashing centres, key role-players in the bill payments market, out of business by legislation. For Fiserv this is providing an opportunity to launch a payments solution that opens doors to a potential market of 40 million consumers.
Ailing American ATMs get helping hand
Though ATMs are a vital factor in ensuring sound customer relations, many US banks ATMs are failing badly in this respect Steven Lund, head of ATM maintenance specialist Level Four Americas, discussed with Charles Davis the problems faced by banks worldwide and solutions his company can provide.