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In Part I of my virtual card blog series I described the nature of a virtual card program.  In Part II, I described how corporations can use virtual card programs to help generate revenue.  In Part III, I will discuss how virtual cards differ from purchasing cards (PCards) and ghost cards. Virtual Cards Virtual cards [...]

Retailers often ask, “What new POS equipment should I buy?” My answer has been the same for almost 4 years: “Nothing, yet.” My logic is this: The upcoming liability shift occurs in October 2015 for merchants that have not deployed EMV. So, any retailer that wants to accept Visa, MasterCard and/or Discover after October 2015 [...]

In Part I of my virtual card blog series I described the nature of a virtual card program. In part II, I will describe how corporations can use virtual card programs to help generate revenue. More and more corporations are seeing the benefits of migrating paper checks to electronic and now specifically to virtual card [...]

**For PYMNTS.com by Andrew B. Morris – Director, Market Platform Dynamics** Near-Field Communications (NFC) technology has been discussed as the future of payments for a number of years now and yet we’re still waiting for things to get rolling.  We’ve all been anticipating the day when consumers will simply tap their NFC-enabled smartphones at the [...]

Corporations remain under continuous pressure to reduce costs and improve operational efficiencies. One of the easiest ways to do this is by migrating payments from check to electronic. However, I am seeing more and more corporations taking the migration to electronic payments a step further by implementing virtual card programs which can turn their A/P departments from [...]

When VeriFone speaks, they often reveal the next advances in Mobile Commerce. They spoke clearly at the GSMA conference earlier this month regarding both Near Field Communications (NFC) and Mobile Network Operators (MNOs). In October of 2010 when VeriFone announced that for the first time their systems could circumvent the established payments industry, it received [...]

The month of March, 2012, will break the record for mobile commerce and mobile payments events in a single month with 18 total events currently scheduled.  The previous record was February, 2012 with 15 events.  This is one of the many indications that the Mobile Commerce / Mobile Payments industries are gaining momentum.

I attend many payments industry conferences and meet with many payments professionals, and I continually hear the same theme around vendor enrollment, also referred to as vendor enablement or vendor adoption. It is the single biggest hurdle for companies seeking to migrate from checks to electronic payments such as ACH or virtual card. Because most [...]

The current economic climate is forcing companies to pursue lean operations as strongly as ever. It’s a message that we hear at SunGard, and that you may hear from your employer as well. Lean operations are driven by the understanding that only the most efficient organizations survive. The latest issue of Financial Operations Matters, published [...]

NACHA, the Electronic Payments Association, is the organization that manages the development, administration and governance of the ACH Network. They recently proposed the Expedited Processing and Settlement (EPS) amendment to the NACHA Operating Rules (“Rules”) that would enable ACH entries to be processed and settled on the same day that they are originated. There are [...]