The Bankwatch

Tracking the consumer evolution of financial services

New payment offerrings threaten the traditional card acquiring networks

There are several hints that the mobile payment acquiring space is getting interesting. 

  1. Square
  2. Intuit GoPayment
  3. SimplyTap

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.

Written by Colin Henderson

January 10, 2012 at 23:23

Posted in Uncategorized

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  1. […] 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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