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A place for payments enthusiasts.

Month: December 2018

For Retailers, Mobile Wallets Lead to Faster Payments

December 7, 2018 by Paymentgal Leave a Comment

This article from Forbes discusses the slowly expanding use of mobile wallet or in-app payment forms used by brick and mortar retailers to avoid interchange fees.  How does this actually work and further, lead to the adoption of Faster Payments?  First, let’s look at how a retailer builds out a private mobile wallet: 1.  Enable … [Read more…]

Posted in: Banking, Digital Payments, Faster Payments, Federal Reserve, Interchange, Mobile Wallets, Same Day ACH, Value Transfer, Walmart Tagged: Acquiring, Banking Innovation, debit card, interchange, Mobile Wallets

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