When offered in a fair and transparent manner, DCC provides real value and benefit to both the cardholder and the merchant striving for new ways to remove friction and improve their customer service experience, writes Mark Horwedel, CEO of the Merchant Advisory Group.
Id like to suggest there is one more bubble which has yet to be called out, but is nevertheless pretty obvious to a handful of payments professionals who dont practice the art of denial or are not paid to cover up the obvious symptoms. Its the payments bubble.
After several years of dormancy, Apple resurrected Near Field Communications (NFC). However, it remains to be seen if NFC will ultimately prosper and become the kind of ubiquitous payment technology that today is unique to payment cards.
There should be little debate as to whether the U.S. payment system is falling behind the rest of the world. Great Britain and others lead the world in real time payment options at affordable prices to consumers, merchants and other payment stakeholders.