Check 21 Image Clearings The payments industry has undergone significant changes in the past two decades and none more than that of the paper check with the implementation of Check 21 in 2005. While the number of checks written has continued to decrease each year, check payments are still a significant source of revenue and…
Month: April 2012
NFC flourishing worldwide, Why the slow adoption in the US?
Near Field Communications (NFC) is one method of enabling the implementation of secure contactless payments. NFC is a short range RFID technology that requires very close proximity between devices in order to share information, hence the “tap and go” term you often hear when referring to this form of contactless payments. NFC is similar to Bluetooth…
Payment Convergence
Do you ever dream the many payment types and methodologies we deal with on a daily basis could be validated, collected and reported through a single platform or process? It’s not the first time the topic has been broached. In fact, for the past three decades some companies have made this their mantra and have…
Payments Prospective 