June 22, 2012

PYMNTS Interview
Direct Sellers Need To Accept Mobile Payments - Or Else 
 
Jonathan Shapiro is a partner at Ropart Asset Management, a venture capital firm that has repeatedly invested in direct selling companies (think Amway). Shapiro says mobile payment acceptance won't just change direct selling - soon, it'll become an essential technology. And those that don't use it will fail.  Listen Here

PYMNTS Social Watch
Top Five Tweets: Debit Eats Checks' Lunch 
 
Did you know debit and prepaid have been eating into cash and checks' payment volume? Or that Dodd-Frank is forcing FIs to devote more and more resources to remittance regulations? You would if you followed our Twitter friends. Here are our picks for top five tweets of the week.  Read More

Regulation Roundup
Texas Bank Claims CFPB Unconstitutional  
 
The State National Bank of Big Spring doesn't think the Consumer Financial Protection Bureau was created in agreement with the U.S. constitution - so now it's filing a lawsuit. "No other federal agency or commission operates in such a way," the bank's CEO charged. Read More

Today's Top Story
Just Say No - To Technology?! 

Is more advanced payments technology always better? One Boston restaurant owner says no - and in the process, sends a message to payment companies everywhere looking to have their systems installed at the point of sale. That message: keep things simple. Read More


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