[VIDEO]

N.B.: (up to 02:00)

CARDS

CREDIT CARDS

"From charge plates to Apple Pay, here's a look back at the many iterations of the credit card over the past 150 years"
The history of credit cards, CreditCardsDotCom (Jan 2022).

Link to the Article HERE

DEBIT CARDS (traditional)
"While credit cards and debit cards look similar, the key difference is where the funds originate." Debit Cards: History, Design & Accepting Card Payments, FiServ Blog (2022).

Link to the Article is HERE

PREPAID CARDS

"Prepaid cards are much more lightly regulated than credit and debit cards and you should carefully review the terms and conditions, as well as all applicable fees, before making a purchase." A Brief History of Prepaid Cards, Unibul Merchant Services Blog (2022.)

Link to the Article is HERE

WIRE TRANSFER

"Wires, direct deposits, and electronic funds transfers (EFT) have roots in the invention of the telegraph . . ." The Surprisingly Long Life of Wire Technology, Payments Journal (Dec 2019).

Link to Wire Transfer Article HERE

ACH

"The real roots go back to 1968, when a group of California bankers became concerned about the growing volume of paper checks." History of Nacha and the ACH Network, NACHA (April 2019).

Link to ACH Payments Article HERE

MOBILE

PAYMENTS

"If there has been one consistent theme regarding the evolution of payments, it’s that we prefer payments that are convenient and transactional." The evolution of the mobile payment, TechCrunch (Jun 2016).

Link to the Article is HERE

WALLETS

"Google became the first major company to launch a mobile wallet in 2011. . . Despite the fact that it was used on only one phone model and was accepted only by a handful of merchants, it proved to be very popular." The evolution of ewallets: history, benefits and withdrawals, The Sociable (Feb 2019).

Link to Mobile Wallets Article is HERE

PEER 2 PEER PAYMENTS

(U.S.)

"P2P payments began with the rise of PayPal, which specialized in electronic money transfers. PayPal’s payment system initially assisted both eCommerce businesses and individuals and reached a massive scale following the acquisition by eBay in 2002." Peer-To-Peer Payments: What To Know, eInvesting For Beginners (Oct 2021).

Link to the P2P Article is HERE

REAL-TIME PAYMENTS (RTP)

"It is important to note that the term real-time payments should not be used interchangeably with the term faster payments.

. . .

While all real-time payments can be considered a form of faster payments, not all faster payments are conducted in real time."

Real-Time Payments: Everything You Need to Know Payments Journal (Mar 2021). Link to RTP Article HERE

EMERGING PAYMENT METHODS

BNPL

"Global sales using BNPL were $93 billion in 2020 and could top $181 billion by 2022, according to Bloomberg Intelligence." How Old-Style Buy Now, Pay Later Became Trendy ‘BNPL’, Bloomberg (Sept 2021).

Link to BNPL Article is HERE

VIRTUAL CARDS

virtual credit

"If you’re worried about getting caught in a data breach — and having to close a main account number that has a bunch of recurring payments attached to it — you’ll probably appreciate the extra measure of protection virtual credit cards are meant to provide." What is a virtual credit card? Credit Karma (Jan 2022).

Link to Virtual Credit Article HERE

virtual debit

"The ability of financial institutions to issue virtual cards instantly and easily eliminate the need for physical cards, reducing costs while giving cardholders instant access to their cards."

Virtual debit cards are a win-win for banks and customers, BAI (Feb 2022).

Link to Virtual Debit Article HERE

CRYPTO PAYMENTS

timeline

"To showcase the evolving landscape of bitcoin payments and how quickly it’s grown, here’s a brief timeline of retailers accepting crypto as payment."

A Brief History of Cryptocurrency as Payment, Bakkt (Jul 2022). (N.B.: The Bakkt platform is being used by Mastercard, Google, Starbucks, Finastra and more to provide digital asset trading, management, and payments. https://www.bakkt.com/partners)

Link to Bakkt Article HERE

understanding payments settled in fiat vs. payments settled in crypto

"The first question to ask when considering using crypto in your company’s operations is: Do we hold crypto on our balance sheet or simply adopt crypto-enabled payments?"

# The rise of using cryptocurrency in business, Deloitte (2022). Link to the Article is HERE

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