New payment offerrings threaten the traditional card acquiring networks
There are several hints that the mobile payment acquiring space is getting interesting.
These new offerings bypass traditional payment networks and thus eliminate (or replace) merchant discount charges for those accepting credit cards.
While we await banks being disrupted, this payment space could just be the next big thing.
[...] New payment offerrings threaten the traditional card acquiring …By Colin HendersonThere are several hints that the mobile payment acquiring space is getting interesting. Square; Intuit GoPayment · SimplyTap. These new offerings bypass traditional payment networks and thus eliminate (or replace) merchant discount charges …The Bankwatch [...]
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January 11, 2012 at 10:11