Oregon Live- The latter fact evoked a hearty laugh out of Bruce Cundiff, a credit industry analyst with Javelin Strategy and Research, when asked for Chase’s motives behind this move. “Well there you go,” he said. “They’re not making that much money off that card anymore. Read More »

Digital Transactions- Consumers initiate transactions on their banks’ online-banking sites, using either a PC or a handset. The handset option also allows access via a downloadable application or via short-message service (SMS). Payments settle through the automated clearing house either next day or in three days. The three-day option, says Platt, permits banks to offer a so-called good-funds model, since the risk of insufficient funds can be controlled. Banks will pay CashEdge and reprice the service to their customers. Platt refuses to discuss CashEdge’s pricing except to say it will likely feature flat per-transaction fees, rather than a percentage plus a fixed fee. Read More »