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Checking In With Google Checkout |
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As the undisputed leader in Internet search and online advertising technology, Google created an enormous amount of interest when it entered the payments business last year with the debut of its Google Checkout service. By coupling Checkout with its flagship AdWords advertising product, Google is seeking to make paying for purchases simpler and more convenient by providing an alternative to existing checkout and credit card processing services for online merchants. To attract these merchants, Google has offered aggressive discounts for those who use AdWords, low transaction rates and no monthly, setup or gateway fees.
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As Sun Tzu wrote in The Art of War, “Know your enemy.” While “enemy” may be a bit harsh to describe the entity sitting on the other side of a negotiating table, knowledge of the mergers and acquisitions space is critical to achieving corporate success—whether you’re buying or selling.
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Capital One’s Decoupled Debit Dard: The End of Interchange? |
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According to payments industry consulting firm Mercator Advisory Group, last year consumers opted for paying by debit as frequently as by credit. And this year debit card transactions are predicted to surpass credit card sales by market share. In this type of growth market, there are many opportunities for creative incarnations of debit cards and associated rewards. Yet Capital One Financial Corporation has managed to leapfrog all of its competitors with what some observers are calling a major breakthrough in card issuing. Its decoupled debit card product relies on settlement through the automated clearing house (ACH) network and does not require cardholders to have a demand deposit account with Capital One.
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Risk in Review: A Date with the DSS |
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July 31, 2007. This was the deadline for acquirers of Level 4 retail merchants to submit summaries of their data security plans to Visa USA. Visa is working to bring merchants aboard the Payment Card Industry Data Security Standard (PCI DSS) platform. Acquirers were to e-mail Visa compliance plans containing a timeline of critical events, a risk-profiling strategy, a merchant education strategy, a compliance strategy and compliance reporting. Failure to do so would lead to the “imposition of risk controls.”
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Industry Insider: United Bank Card |
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In 1996, when he was just 16 years old, Jared Isaacman started United Bank Card Inc. (UBC) in his parents’ basement. “I had older siblings in real estate and business, and I was always envious of their lifestyle,” explains Isaacman, the company’s CEO.
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