Contactless Payment Technology We have seen the contactless payment technology and their functionality pop up in many stores over the last few years. You have probably seen the popular commercial where people are walking in an efficient circle, taping their card onto a contactless device,…
Month: November 2008
VISA or MasterCard – Who’s Stronger
Visa or MasterCard? Most people don’t distinguish a difference between Visa and MasterCard – both are champions going head to head in a fight to see which plastic is going to be in your wallet. As far as the average person is concerned, the two…
What Will the Credit Card Companies Do To Spark Spending?
Credit Card Companies The credit card companies have been hard at work coming up with programs to entice consumers to spend more and travel more this holiday season. With the uncertain economy, shoppers are holding on to every penny and looking…
AMEX Is Hit Hard by the Economy
Thus far, it seemed the credit card processing industry was impervious to market conditions. But it seems that streak has come to an end when it comes to credit card giant American Express. AMEX announced today that it will lay off 7,000 workers, or 10%…
Are Debit Cards Outweighing Credit Cards?
Banks are becoming leerier to issuing credit cards. The alternative is to issue debit cards so that there are no default payments. Although this is good in the short term, they also eliminate a huge stream of income by not being able to collect interest.…