November 2011
1 post
2 tags
WingCash is cash.
WingCash is a cash payment for the Internet not credit. Live on cash!
June 2011
5 posts
Bitcoin. →
Check this out!
3 tags
3 tags
Most Deposits?
As of June 30, 2010, which State had the most FDIC insured deposits?
a) California
b) New York
c) Texas
4 tags
FDIC Insured Financial Institution Count
As of June 30, 2010, which State has the most FDIC Insured financial institutions?
a) New York
b) Illinois
c) Texas
How many FDIC Insured Financial Institutions does the winning State have?
a) 989
b) 768
c) 678
Bank Failures
Which state had the most bank failures from 2007 - 2011?
May 2011
5 posts
2 tags
“The fact that consumers continue to tend to rate cash highest in virtually every...”
– http://www.bos.frb.org/economic/ppdp/2011/ppdp1101.htm
4 tags
“The average U.S. consumer made 18.4 out of 64.5 payments per month in cash....”
– http://www.bos.frb.org/economic/ppdp/2011/ppdp1101.htm
2 tags
“Now banks are increasingly looking to new technology, such as mobile phone and...”
– http://www.reuters.com/article/2011/05/02/financialregulation-creditcards-idUSN0223140120110502
7 tags
Is Facebook inviting the card brands (Visa,...
Interchange is the cost paid by a merchant to accept a Visa or MasterCard branded card as payment. Several factors determine the cost of interchange; however, I don’t believe either Visa or MasterCard has ever quoted a 30 percent discount rate. Today a friend forwarded me an article on the Wall Street Journal talking about Facebook. The last paragraph of the article reads: “Earlier this year,...
3 tags
Armored Car Transportation Cost of Coins
I recently heard from a reliable source that it costs $4.75 per case (50 rolls) to transport coin of any denomination. I expect that this is the cost to deliver the coin with an armored car carrier. Can anyone confirm this for me?
April 2011
1 post
3 tags
March 2011
2 posts
2 tags
Helena Collins owner of Sois Belle Spa joins...
Helena Collins owner of Sois Belle Spa joins WingCash
Sois Belle is a Skin Care Spa, specializing in unique skin therapy treatments designed for today’s busy professionals. From skin therapy to back treatment, we provide rejuvenation that you need to start and finish your week strong.
February 2011
7 posts
FamilySearch International Enters Pilot to... →
A milestone announcement!
1 tag
Danielle Cuddie joins WingCash. →
Danielle Cuddie of the Velocity Design Group joined WingCash. The Velocity Design group covers creative design across the online and offline media mix, from corporate identity to web site design. We take a broad look at what you are trying to accomplish and help you achieve it through targeted messaging and unique creative designs. We can develop and design your marketing strategy and the...
7 tags
3 tags
5 tags
T-Mobile Rebates
I received two rebate co-branded Visa cards from T-Mobile issued by Citi:
W WILKES, Thank you for participating in T-Mobile’s rebate program!
Your submission for Retail Upgrade Prepaid Card has met the service requirements. You should be receiving your request in the mail within the next 2 - 3 weeks.
If you would like to track the status of your rebate submission please visit us at:...
8 tags
Quotes from Are On-line Currencies Virtual...
I’ve been thinking about the article that I read several months ago written by Stephen F. Quinn and William Roberds titled Are On-line Currencies Virtual Banknotes?. Here are quotes I thought to record here:
Page 1:
“Cash is increasingly being displaced…”
“Exchange using debt ties up fewer resources than does exchange using costly coin.”
...
September 2009
1 post
A phishing scam against Wal-Mart
Yesterday, I received the following e-mail:
Does it look suspect to you?
When I visited the link, sure enough, I found a survey. In fact, all the links made it look like I was at the walmart.com site. Eagerly (ha ha), I started to take the survey which was only about 3 questions long. When I reached the end I clicked on “proceed”.
The next page stated I had won and that $150 would...
March 2009
4 posts
4 tags
5 tags
Amazon Flexible Payments Service
I enjoyed attending the Amazon Flexible Payments Service Webinar.
Here’s my take away from the Webinar. Account-to-Account (Amazon calls them Account Balance Transfers “ABT”) transactions are priced at 1.5% +.05 cents per transaction. Why? That seems expensive to me. Visa and MasterCard don’t make that much on a transaction. The Visa & Master Card issuers and...
Why I like paper currency.
Compared with on-line payment systems, transacting in paper currency is beautiful.
Think of it, when I hand you a dollar you actually have a dollar. If I offer you one dollar and you accept it, it’s likely you trust the little green bills (isn’t it great they are “green” too?) or you might not accept it.
When I hand you a dollar, it costs us nothing—its free. I...
February 2009
2 posts
Exchanging a Dollar over the Internet.
I’ve been thinking about money again. Not that I spend a lot of time thinking about it; but, it is related to payments.
Automated Clearing House (ACH), Credit Cards, Debit Cards etc… all these seem really confusing when compared to cash. ACH or electronic checks—wow—now that’s confusing: Routing Numbers, Account Numbers, Check Numbers, it seems that is the only the...
1 tag
My thoughts on Tipjoy
Tipjoy Introduction Tipjoy is a electronic payments company that is successfully applying the concepts of social networking to payments for non-profit organizations. Benefits While there an many different payment companies, only a couple are beginning to understand how the benefits of social networks can be appropriately applied to electronic payments. Tipjoy is successfully combing principles of...
January 2009
1 post
Are Interchange costs to high?
I’ve been following the discussion on interchange and asking myself: do I think interchange costs too much? Can electronic transactions be conducted for less? What about transaction risk and fraud?What about the cost of regulation?
It’s not easy to build a business on an interchange plus pricing model. It seems that a few basis points per transaction doesn’t seem to go very...
December 2008
2 posts
1 tag
What is identity theft?
In the payments industry identity theft is a big problem.
A friend stopped by my office yesterday and asked an interesting question. “What is identity theft?” A good question given today’s information economy. Is it OK to take someones name and phone number or other information and use it. What if I don’t actually use anothers information but just sell it? How much...
3 tags
Following TipJoy...
I’m using tipjoy and impressed by the company’s progress. I’ve given some tips and have integrated it into this blog.
I was recently disappointed that the service allowed the tippee instead of the tipper determine the miniumum amount of a tip. I’m not sure why that is the case.
So I did here what most tippees should do. I set the minimum tip to $.01. You can always tip...
May 2008
4 posts
4 tags
Payment Widget...
Are you looking for a way to monetize content? Now there’s widgets available to do just that. Two worth mentioning are tipjoy (which I’ve added to this blog, see below) and tipit. Why do I consider these interesting? First, I like the Voluntary nature of these widgets. It provides a way for those who appreciate the content to send a monetary message of appreciation to the provider...
3 tags
Is it really free...
“Zero” commitment! “The TrialPay Payment Platform is absolutely free to use. We never charge you for payment processing. We never charge you for customer service. We never charge you period.” “TrialPay also provides comprehensive merchant services (custom graphics, marketing tools and fully developed html pages) free of charge.” Source: TrialPay FAQ #14 Wow, that’s quite a promise. ...
2 tags
OpenID and Payment Processors
Are there any payments processors or e-commerce sites that are supporting OpenID?
Alternative Payments . . .
I keep hearing the words alternative payments, however, one really needs the context of their usage to determine what they mean. The most common context that I’m hearing is payments that are different from the use of credit and deibt card. I also hear their usage in connection with various types of verification that may be associated with a transaction or payment. For example, I’ve...
March 2008
6 posts
3 tags
Disruptive . . .
Chris Anderson, Editor in Chief of Wired Magazine, writes the article titled: Free! Why $0.00 Is the Future of Business. The article caught my eye and now I’ve read it a couple of times. I’ve also subscribed to the RSS feed of Chris’ blog site which is a public diary on themes around the book. I’ve watched the on-line recording of him speaking with Charlie Ross. On March...
Inroads in international payments
With this announcement regarding Global Payments and Planet Payment in connection with the upcoming 2008 Beijing Olympics, I to took a updated look Global Payments. The Merchant-Acquiring side of the Payment Card Industry: Structure, Operations, and Challenges reports that Global Payments is the fifth largest, non-bank, U.S. Acquirer. I was impressed by this statement at Global Payments...
Staying informed
The Federal Reserve Bank of Philadelphia has a Payments Card Center with a mission stated as follows: “to provide meaningful insights into developments in consumer credit and payments that are of interest not only to the Federal Reserve but also to the industry, other businesses, academia, policymakers, and the public at large.” The Center publishes a list of papers that are available to the...
Tithing Enters the 21st Century
The march issue of digitaltransactions has an article titled Tithing Enters the 21st Century. She mentions Faith Direct a company that is working to make contributions convenient for the Catholic Church. The article also mentions that “Americans made more than $295 billion in charitable donations in 2006”. She also mentions that “some churches have taken to placing ATM-style...
More than just talk...
Here’s a story that reflects action: Ideablob.com. I saw this and wondered how this could be beneficial to Advanta Bank Corp. an issuer, among other things, of credit cards to small business. However, it’s easy to understand how the project could get started after reading the article. You know, with social networks being a hot topic, a couple of people in the office considering how...
3 tags
Global Payments
The International Payments Framework is an interesting project coordianted by NACHA’s Global Payments Forum. It is seeking members to support the initiative. As I reviewed the Concept Paper, I was both thrilled and disappointed. It’s thrilling to consider forming an organization that works together to improve the movement of non-urgent payments to member banks across the globe....