May 30, 2012

PYMNTS Feedback
Will NFC Be ISIS and Google's Downfall? Readers Weigh In 
 
In the latest round of the NFC debate, our readers wonder whether two of the industry's most well funded mobile wallet platforms might be better off without near-field communication. Or could a big move from Apple change the conversation? Read More

PYMNTS Data Point
Mobile Payments Could Grow, But Not The Way You Think 
 
An estimated 212.2 million people will spend a combined $171.5 billion using their mobile devices in 2012, a new study suggests. But while the research may be bullish on mobile payment growth in general, expectations are low for a certain contactless payment method. Read More

Regulation Roundup
JPMorgan Overdraft Settlement Approved In Florida 
 
JPMorgan & Chase Co.'s proposal to pay $110 million as part of a nationwide settlement of overdraft fee litigation received preliminary approval from a Florida judge. More than a million people are represented in the legal battle. Read More

Today's Top Story
IDology CEO Says Speeding Up Verification Can Boost Revenues 
 
It's a cliche, but that doesn't mean the phrase is any less true in payments: indeed, time truly is money. So when ID verification processes, beyond being expensive and technologically complex, are also time-consuming, the amount for services rendered shown on the invoice belies true costs. IDology CEO John Dancu explains how transforming ID verification can reduce those costs, and furthermore turn ID checking into a revenue generator. Read More

What's Hot Today
Groupon Acquires Tablet-Based Point-Of-Sale Builder, Breadcrumb
PayOne To Provide Direct Mobile Carrier Billing To T-Mobile USA
VeriFone Updates Its Cash Flow Picture With New Figures
Bank of America Merrill Lynch Enhances ePayables
Genpact and Ariba Expand Alliance to Deliver Procure-to-Pay Solution
Nigerians Are Dissatisfied With National Efforts To Move Away From Cash
Central Banks Need To Keep Up With Payments Innovations, BIS Says
Acculynk and National Payments Corporation of India Announce Internet PIN Debit Partnership
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