Archive for the ‘Charge Cards’ Category

Android Vs Apple Pay: Fight!

Thursday, December 24th, 2015

Apple Pay had been requesting the very same slice of the interchange costs earned by the card providers in other countries. In Britain, the banks were able to negotiate Apple Pays piece to a much lower fee, believed to be just a fewjust a few pence per one-pound transaction, partly since interchange charges in Britain are much lower than in the US. Apple Pay initially wanted the same 15 cents for every $100 spent on its platform in Australia. Australias primary banks would not concuraccept this, provided interchange fees in Australia are on typical 50 cents for each $100 invested.

Apple Pay boxed in

When Apple Pay finally launched in Australia it was in tandem with American Express, which at that time was not subject to the RBA enforced interchange costs that used to MasterCard and Visa payment cards. BecauseEver since the RBAs Evaluation of Card Payments Policy recommended bringing so-called American Express buddy cards into the interchange regulative fold. This would make them based on the same interchange cost cap as MasterCard and Visa. This would help the RBA to attain its goal of competitive neutrality between the different card plans.

At firstIn the beginning Apple Pays choice of American Express appearedlooked like a good one. American Express has around 6.8 million credit and bank card in blood circulation, of the total of around 42 million payment cards in Australia. But Apple Pay can just be made use of on American Expresss proprietary cards (not on its buddy cards) and an RBA survey in 2014 discovered buddy cards are now more widely held than American Express proprietary cards. So in fact Apple Pay can only be used on a minority of American Express cards in Australia.

Google Trumps Apple For Australian Mobile Payments, But For How Long

Wednesday, December 23rd, 2015

After cannot come to arrangement with Apple to allow smart phone payments, six of Australias greatest monetary institutions today signed on with Android Pay. The service will go stay in Australia in the very first half of 2016.

Both Android Pay and its competitor Apple Pay allow consumers to spend for purchases using a card-linked mobile phone by tapping their phone in the same way you would tap your card at the point of sale. The services likewise work with clever watch devices, and in the case of Apple Pay, by holding the finger print on the phone.

Apple Pay had very first mover advantage in the mobile payments space, having launched in the United States in October 2014 then in Britain in July 2015, prior to entering the Australian market this November.

To accomplish traction in the US Apple Pay counted on the significant American payment card providers, making moneymaking money by taking a slice of the interchange fees that American card companies gained from merchants. Interchange charges in the US average out at about US$ 1 for every US$ 100 of transactions and Apple Pay is thought to make about US15 cents on every US$ 100 of transactions.

Apple Pay had actually been requesting the same slice of the interchange charges that are earned by the card issuers in other countries. In Britain the banks had the ability to negotiate Apple Pays piece to a much lower cost, thought to be just a few cent per one pound deal, partially because interchange fees in Britain are much lower than in the United States. Apple Pay originally wanted the exact same 15 cents for every $100 spentinvested in its platform in Australia. But Australias primary banks would not agree to this, offered interchange charges in Australia are on typical 50 cents for every single $100 spent.

Apple Pay boxed in

When Apple Pay lastly introduced in Australia it remained in tandem with American Express, which at that time was not subject to the RBA imposed interchange costs that applied to MasterCard and Visa payment cards. BecauseEver since the RBAs Review of Card Payments Regulation recommended bringing so-called American Express companion cards into the interchange governing fold. This would make them subject to the very same interchange fee cap as MasterCard and Visa. This would assist the RBA to achieve its purpose of competitive neutrality between the different card schemes.

At very first Apple Pays option of American Express appeared like a good one. American Express has around 6.8 million credit and bank card in circulation, of the total of around 42 million payment cards in Australia. However Apple Pay can just be made use of on American Expresss proprietary cards (not on its companion cards) and an RBA study in 2014 discovered companion cards are now more extensively held than American Express proprietary cards. So in reality Apple Pay can only be used on a minority of American Express cards in Australia.

And given that American Express charges a greater average merchant service cost (1.7 %), more sellers accept MasterCard and Visa. Little to medium sized enterprises are also less most likely to accept American Express and this may prove to be an Achilles Heel for Apple Pay.

Deal breaker?

Picture going into your regional cafe to buy two coffees, utilizing Apple Pay via your American Express card, say at $3.80 per coffee. Overall cost to you $7.60. If the coffee shop charges a 2 % additional charge for accepting American Express, then you will pay $7.75. Why pay 15 cents more, when you could use your MasterCard or Visa, credit or debit card? You can quickly prevent the additional charge and still tap and go.

In Australia almost 70 % of charge card transactions are now tap and go, and Australia is thoughtbelieved to be the world leader in the adoption of contactless payments. This is thanks to a simultaneous push to encourage merchants to use terminals that accept contactless cards and the desire of the banks to provide these cards to clients. The tap and go functionality that Apple Pay provided as a development in the US was already a function of the market here in Australia.

And regardless of preliminary interest for Apple Pay, persuading United States customers to change from making use of physical cards or cash to making use of Apple Pay has actually been tough going. A current survey discovered Apple Pay usage was decreasing. Certainly buyers used it on Black Friday (November 27, 2015) for just 2.7 % of their transactions.

Australian difficulty

In Australia, Android sales beat out Apple in the 3 months to October 2015, with Android os sales at 54.9 %, compared to 37.9 % for Apples iOS. So the decision by a group of Australian bank card issuers to choose Android Pay appears making sense. ANZ Bank, Westpac (including Bank of Melbourne, Bank of South Australia and St George), Bendigo and Adelaide Bank, ING DIRECT, Macquarie Bank and the cooperative credit union payments carrier Cuscal will be the very first to provide eftpos, MasterCard and Visa on Android Pay from mid-2016.

Apples very first mover advantage might end up not to be so important in Australia, but watch this area!

Steve Worthington does not work for, speak with, own shares in or receive financing from any business or organization that would take advantage of this short article, and has actually divulged no relevant affiliations beyond the scholastic appointment above.

Steve Worthington, Accessory Professor, Swinburne University of Innovation

This article was initially published on The Conversation. Read the initial short article.

Safe From Scams: Credit Card Scams

Wednesday, December 23rd, 2015

As you do your holiday buying, we have some vital information on how to secure your charge card information.Arlinda Weaver acquired$
1,000 worth of gift cards at a drug store. The issue? The credit card she was utilizing to make that purchase did not come from her.She desired to knowwished to know if I had opened up some bank card, fraud victim Richard Benoit stated.

Over Night Policy: Senate Votes To Split Down On Federal Government Charge Card

Wednesday, December 23rd, 2015

Invite to Overnight Policy, your daily rundown of news from Capitol Hillside and beyond. Its Thursday night here in Washington and while youre delighting in the new Star Wars movie this weekend, Ill be finishing my Christmas shopping. Heres the latest.


Congress is splitting down on the usagemaking use of government-issued credit cards.

The Senate late Wednesday passed legislation to create an office that will be accuseded of monitoring what firms are buying with their charge cards.The Conserving

Federal Dollars Through Better Use of Government Purchase and Travel Cards Act of 2015, introduced by Sen. Tom Carper (D-Del.) in June, passed by unanimous approval.

Federal Charge Card Legislation Passes Senate, Moves To Home

Wednesday, December 23rd, 2015

The Senate passed legislation Dec. 16 that intends to lower waste, scams and abuse in the usagemaking use of federal agency travel and purchase cards. The bill needs the General Solutions Administration to continually analyze bank card purchases across the federal government.

If enacted, S. 1616 (pdf) would require higher information sharing of purchase card data, in addition to information analytics and strategic sourcing. Agencies would pool questionable transaction information and develop an interagency charge card information management group that would craft finest practices for countering card abuse.

An earlier variation of the costs, which was approved by the Senate Homeland Security and Governmental Affairs Committee, would have established a Workplace of Federal Bank card Analytics and Evaluation within GSA to constantly examine bank card purchases made across the federal government. However, that arrangement was removed after an Aug. 12 credit record (pdf) from the Congressional Budget plan Workplace approximated that implementing S. 1616 would cost $65 million over the 2016-2020 period.

And while the office might have found added waste, fraud and abuse, CBO couldnt definitively state whether the workplace would result in a significant increase in the healing of deceptive payments, or would substantially decrease future instances of incorrect usage of charge cards.

The legislation was presented by Sen. Tom Carper (D-Del.) but has bipartisan support with two Republicans and another Democrat co-sponsoring the bill.

While federal companies have actually made progress in enhancing financial controls over government travel and purchase cards, more needs to be done to get rid of inefficient bank card spending, stated Carper in a Dec. 16 statement.

Bank card abuse has actually amassed attention in recentin the last few years as guard dogs have actually determined abuse. For example, a May Defense Department Inspector General file (pdf) discovered that DoD spent $3.4 billion through 20 million deals from July 1, 2013 to June 30, 2014. About $3.2 million of that was spent at casinos and, of that quantity, the IG determined that almost $1 million was actually for individual, not expert expenses.

For more:
– go to the page for S. 1616
– readthe statement from Sen. Carper

Related Articles:
HUD staff member invested almost $12K on company purchase card throughout 2013 shutdown, IG says
DOT fed staff member travel card program secure from purchase fraud, GAO says
Senate committee approves bill to suppress federal employee bank card abuse

KCS Charge Card Audit Notes 15 Issues

Wednesday, December 23rd, 2015

Knox County auditors noted 15 problems they found throughout their examination into the school systems previous credit card program, consisting of questionable purchases, questionable expenses and improper travel reimbursement.Auditors likewise found that retail credit cards were misused, there were spaces in month-to-month statements and payments were made outside of the official process.Almost all the problems, nevertheless, have actually been resolved given that local leaders

initially asked the countys Internal Audit Department to look into the matter.The audit report was released publicly Thursday. The report comes a little more than a year after

a November 2014 WBIR 10News investigation in-depth how the cards were hardly ever paid on time, and questioned a number of purchases; and after officials fired Roger Underwood, the Knox County Schools accounts payable manager, for misusing his school-issued card.In November 2014, KCS did away with its charge cards, switching instead to the countys electronic purchase card, or e-card, program and travel card system.Local authorities charged Underwood with felony theft in mid-August. AUDIT: Knox County Schools Charge card Program The audit noted that the school system utilized retail, merchant and fuel bank card as part of its everyday operations.

The scope of the audit covered some 12 retail cards and about$103,000 in purchases; a Sams Club charge card made use of to buy$21,000; and fuel cards that charged about$237,000. Auditors examined bought tied to retail cards during a five-year duration and the other credit cards throughout a two-year period.It was a big scope and there were many concerns associated with documentation that that the schools had currently taken care of, stated county internal auditor Andrea Addis.She added that the school system is dealing with the county District Attorney Generals Workplace to determine how to get back approximately $18,000 from Underwood that officials say he still owes the county for charges.Some$2,300 of that comes from misuse

travel reimbursement. The rest from a credit card that Underwood used to acquire more than$24,140 in total charges in 2014, including virtually $10,500 for online gaming. Underwood paid about $9,000 of that back.Addis said, anything we talked

about (the school system)worked on, dealt with to fix.The audit also kept in mind that the school system was in some cases late paying charge card, which would cause late fee and finance charges. In addition, some cards showed sales tax charges, which should have been exempt.The internal audit appears to tie much of the issues to Underwood.School officials did not address the Audit Committee on Thursday.But, they concurred with the findings in the audit report.Knox County Schools has agreed with the recommendations above, and will deal with the Knox County District Lawyer to recover the funds, school officials said in the credit report


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Sunday, December 13th, 2015

JCPenney Screening Apple Pay Support For Store Cards, Nationwide Rollout Coming …

Saturday, December 12th, 2015

JCPenney has actually begun testing its store credit cards with Apples Apple Pay payments service, permitting clients at one place in Texas to build their JCPenney charge cards to Apple Pay. Clients in the Dallas-Fort Worth area checking out the JCPenney shop at The Village at Fairview are able to participate in the Apple Pay pilot program, which is set to roll out to shops nationwide in the spring of 2016.

Consumers with a JCPenney charge card receive a notice about the Texas pilot program when attempting to build a JCPenney card to Apple Pay using the Wallet app. The notice also consists of information about the complete launch of the JCPenney Apple Pay service.

Apple Pay assistance for shop credit cards is a new function, presented alongside iOS 9 however announced at this years Worldwide Developers Conference in June. ThereforeSo far, Kohls is the just major seller that currently enables its shop cards to be added to Apple Pay, but both Kohls and JCPenney have been touted as the 2 major partners for the function.

iOS 9 also brought Apple Pay assistance for in-store commitment cards, enabling consumers to add their rewards cards to the Wallet app to further cut down on the number of physical cards that must be carried. Walgreens is the very first retailer to support the Apple Pay rewards program.

Saturday, November 21, 2015 Classifieds

Friday, November 27th, 2015

Trees That Please: Tree services: Pruning, forming, take down and elimination. Free estimates. Tim Armstrong 940-549-0766, 940-456-3594.

Coachs Tree Trimming amp; Removal. Free quotes. Call Rennie Waldrop 940-564-6896

Nurses Unlimited, Inc. is seeking assistants in the Graham area to aid clients in the house with individual care, meal preparation and light housekeeping part-time. EOE. Call: 1-888-859-0640.

Throckmorton County Memorial Health center is accepting applications for the following positions CNO (Administrative Experience Preferred) PRN Registered Nurse, PRN LVN, Clinic LVN. Contact Human being Resources at 940-849-5001 or come over for an application.Shackelford County Health

Center is looking for a family practice NP/PA for clinic in Albany; Exceptional advantages; for concerns 325-762-3661 Breckenridge Library Administration/Director: a supervisory, supervisory position; keep positive community relations. Certifications: college degree, working understanding of computers and software; oral and written interaction abilities. Background checks will be made. Applications and guidelines at work to include night amp; weekends. Kindly visited Daves Conoco for an application.

1440 380 By Pass.610 YARD SALES 116 Fawn Path. Saturday 8-?. Furnishings, Bedding, Home items, Design, Ladies clothing,
Huge amounts of misc.1514 380 East By-pass. (380 Self Storage, System # 1. Throughout from funeral home.)Saturday 8:30 am. Christmas tree, decorations, paintings, furniture, shot gun re-loading, gas amp; electric heating units and devices. 800 Virginia. (Corner of 1st amp; Virginia)Back Yard Sale. Multi Family Sale. Great deals of Deals. Saturday 8-3. 161 Carol St.(Across from the arena.
Follow the indications )Saturday 8am-4pm. 2 Family sale 1306 Morningside Ave, Living Estate Sale: Friday-Saturday 8am-4pm.

Christmas, Furniture, Collectibles, Clothes clothes dryer, Home fullfilled with things. Free piano. Money and
Bank card only.THE STATION: 6455 Hwy 79 Elbert, TX. Thursday, Friday Saturday, 9am-4pm. Collectibles, second hand stuff, antiques. Free Coffee. 1301 Roanoake, Saturday, 7am-

? 1618 380 Bypass, BACKYARDGARAGE SALE at Faith Lutheran Church. Saturday, Nov. 21st, 8:00 am-noon 620 FOR SALE-MISCELLANEOUS Mohawk
Smart Strand Carpet-125 sq
yds, includes pad. Beige colored. $2500. Call 940-549-5364 ATTENTION DEER HUNTERS: Array of tree stands and automatic feeders. Various types. Require info 940-549-6330.630 FOR SALE-HOMES
Home on Lake Graham, Lot 73. 3/2, storage building, CH/A, large deck, excellent view. 940-456-4288.3/ 1.75, Second living location, Huge master en suite, Big shop amp; Male Cave. 814 Calaveras. 940-507-3349 4/1, 914 Third St.$49,000. 940-456-0325 1709 Household Lane. 2/1, Carport, Storage and Huge lot.$35,000 OR Lease$600/mo amp;$600/dep. Call 817-614-5532.907 Carolina. 2 Bedroom/ 1 Bath. Carport amp;

Garage 940-282-9411 For Sale by owner. Owner Financing. 3B/2B on 1 acre, Highway 67 S. $50,000 940-549-0938 929 Second St. 4/2,$ 69,481.

940-456-0325. LAKE GRAHAM MOTIVATED SELLER!!! Brick 3 Bedroom, 2 Bath with fireplace. Upgraded kitchen. ALL home appliances, incentive room, 20×12 boat dock, w/4×4 crappie hole, 2012 Aerobic septic, 2012

roofing. 2 Storage structures, fenced, over sized lot. House Service warranty! Lowered to SELL $154,900. agent 940-282-9069 700 FOR RENT-APARTMENTS 1/1 Central heat amp; air, Refrigerator amp; stove, water paid. No Animals. 306-2nd Street.940-232-3051 720 FOR RENT-HOMES 2 Bedroom/ 2 Bath. 1511 Ave A. $600/mo amp;$600/dep. 940-846-3273 823 Oak St. Big clean 2 bedroom house. No family pets. No Cigarette smoking. References plus Deposit. 940-521-9333.2 Bedroom with carpet, CH/A. No Pets. 204 Colorado.$550/mo amp;$500/dep
. Call 940-549-2569 For Lease 4B/2B/2 Nice neighborhood in Graham Immaculate
condition. Large Store. References Needed. No animals. $1399/mo. owner/agent 940-456-0733 300 Brazos
, 3/1$500/mo, $400/dep; 214 Willow, 1/1 $400/mo, $300/dep. No Family pets. 940-549-9836 2033 Lindy, 3/2 w/Office. $850/mo amp;$850/dep. Nov 10th 817-614-5532 M amp; D Homes have availabilities for apartments and homes, 2-3 bedroom. 940-549-0938 REALLY CLEAN! 3 BR, 1.5 BA. Brick, Central H/A, Garage with W/D hookups. $750 mo/$ 750 dep. No Pets. 188 Berry St. 940.521.9894.2 B/1B home 8 miles out. $450/month,$350/deposit. 940-549-0938.800 PUBLIC amp; LEGAL NOTIFICATION YOUNG COUNTY is requesting bids for culverts, road materials and fuel. Quotes are
asked for the fiscal year 2016. Bids may be mailed to the Young County Auditor, P. O. Box 607, or 516 Fourth Street Ste. 103, Graham, Texas 76450. Please clearly mark envelopes regarding what your quote is on. Bids will be gotten until 4:00 pm, Friday, December 11,
2015 and opened in Commissioners Court at 10:00 am on Monday, December 14, 2015. For additional information, kindly call the County Auditor, 940-549-1786. Young County reserves the right to accept or decline any and all quotes. Young County Commissioners Court John C. Bullock Young County Judge