Most of the recent discussion around mobile payments has been how, or if, carriers and banks will hammer out a shared revenue model. But when mobile payments become an everyday reality for banksand few forecast otherwise experts say there will be crucial business-line decisions on the suitability of ACH, ATM or card association networks for particular payments.
For us, enabling mobile transactions across all three [networks], thats the easy part, says Bruce Parker, vp of product marketing and strategic planning for transactions processor ACI Worldwide. The hard part is predicting how payments will be routed over those various networks. How will information around each payment, such as risk and cost factors, impact institutions routing decisions?
If a customer uses a phone to pay for a bag …
No comments:
Post a Comment