A new Aité Group report says cash is more expensive for retailers than cards. Retailer groups disagree.
WASHINGTON — An academic panel discusses how electronic payments could better benefit low-income consumers.
One program offers payday loan alternatives through in partnership with employee sponsor groups.
The payments processor attracts more money from existing investors and picks up new ones.
While 67% of respondents predicted a 2014 increase in business lending, nearly half said credit availability is unchanged.
Mobile banking and payments are becoming a mature component of the banking landscape, with surveys showing nearly 50% of smartphone owners having engaged in mobile banking in the past 12 months.
Service replaces interchange fees with direct credit to participating merchants.