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…]
Many thanks to the Federal Reserve for finally putting their consumer payment data in an Excel file which makes it MUCH easier to work with. If you’re a reader, here’s the download of their published report.