Comments on: Alternative to what?

By: Guru Sankar

Guru Sankar — Fri, 02 Mar 2007 15:51:29 +0000

Dave: Contactless payment space is indeed fascinating – and indeed your observation that NFC has the potential to be disruptive is an important one. Maybe the banks have already made that observation – and that could be the reason that they are NOT making a rush towards that solution.
Btw we are betting that banks don’t have to let contactless payment be disruptive. Tyfone has come up with a payment solution through memory cards – check out http://www.tyfone.com and look at the flash demo on the front page. These cards can be issued by banks to be used in any phone with a memory slot. And as you may have observed memory cards in phones will be as ubiquitous as color screens in the next couple of years – they already are in more than 30% of the phones shipped in 2006.
Thanks,
Guru

By: Bruce Cundiff

Bruce Cundiff — Fri, 26 Jan 2007 17:31:49 +0000

I heartily agree that the context we should be using is how technologies can drive alternative business models that make sense to both consumers and merchants — and how that affects usage for all payment types. The separation of ‘technology’ from ‘method of payment’ is necessary.
Biometrics are a great example. We’ve seen the implementation from a payment perspective of biometric solutions driving ACH transaction volume. (Whether it makes enough sense for both merchants and consumers on any grand scale remains to be seen…).
This is the context that traditional (“bank-issued, magnetic-stripe powered plastic card”) payments providers need to have to understand the real value of “alternative payment technologies.”

By: Kevin Higgins

Kevin Higgins — Fri, 26 Jan 2007 00:16:02 +0000

For merchants on the Web who want to be accessible to a global consumer, the APO (Alternate Payments Options) landscape is a very fragmented one, with many regional PSPs having surprising mindshare in their markets.
The link below is to a page on our site that shows a subset of the payment methods that merchants should consider accepting if they want to be accessible to consumers outside of North America. It’s from our PayByCash (paybycsh.com) service.
We currently provide payment acceptance via mor than 50 different methods, with more being added every month.
Once you look outside the US the APO market is staggering, with a surprising amount of ecommerce done that way.
Best regards.