PaymentsJournal
SUBSCRIBE
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
No Result
View All Result

Credit Cards Eyed for Lockport Bill Payments

Mercator Advisory Group by Mercator Advisory Group
December 12, 2011
in Analysts Coverage
0
Financial Institution Reinvention - PaymentsJournal

Innovation in business concept. Businessman (mentor, coach) switch over innovative business and marketing.

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

At a time when some retailers are concerned about card acceptance costs (and may be encouraging cash payments in some cases) municipal governments are still coming up the adoption curve for card based electronic payments. As this particular example in Lockport, N.Y. illustrates, interest is driven by customer convenience, as well as the fact that many consumers simply carry less cash.

The Common Council’s financial task force, headed by Alderman Kenneth M. Genewick, discussed the matter Wednesday and discovered that it wouldn’t cost much to make credit card payment options available.

Not a moment too soon, said City Clerk Richard P. Mullaney.

“Dinosaurs are dying,” he said. “Kids come to the window for a marriage license. It’s $40. We have to send them over to Wilson Farms [to use an automatic teller machine]. They don’t carry money. They just carry their card.”

This case focuses primarily on smaller ticket size payments. Some municipalities wishing to accept cards for payments of larger bills (e.g. taxes) may run afoul of surcharging restrictions/ interchange costs.

Click here for more: http://www.buffalonews.com/city/communities/lockport/article668709.ece

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Analyst Coverage, Payments Data, and News Delivered Daily

    Sign up for the PaymentsJournal Newsletter to get exclusive insight and data from Mercator Advisory Group analysts and industry professionals.

    Must Reads

    Equinix Helps UK-Based Payments Provider Enable Faster, More Reliable Payments Processing

    Equinix Helps UK-Based Payments Provider Enable Faster, More Reliable Payments Processing

    January 31, 2023
    credit card tumbling

    How to Detect, and Prevent, Credit Card Tumbling

    January 30, 2023
    Why Businesses Need to Adopt Real-Time Payments as a Competitive Differentiator

    Why Businesses Need to Adopt Real-Time Payments as a Competitive Differentiator

    January 27, 2023
    faster payments

    Faster Payments Are Set to Revolutionize Modern Digital Payments

    January 26, 2023
    How AI can Help Manage Payments Risk in 2023

    How AI can Help Manage Payments Risk in 2023

    January 25, 2023
    cross-border payments

    How to Implement Effective and Innovative Cross-Border Payment Strategies

    January 24, 2023
    credit card experiences, digital payments, b2b payments

    Will Consumer-to-Business Payment Trends Drive B2B Global Growth in 2023?

    January 23, 2023
    Faster Payments Faster Identity Verification, connected car, payments

    2023 Predictions: Authentication, Digital Identity, and In-Car Payments

    January 20, 2023

    • Advertise With Us
    • About Us
    • Terms of Use
    • Privacy Policy
    • Subscribe
    ADVERTISEMENT
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    • Industry Opinions
    • News
    • Resources

    © 2022 PaymentsJournal.com

    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Industry Opinions
    • Faster Payments
    • News
    • Jobs
    • Events
    No Result
    View All Result

      Register to download the U.S. Bank report - Real-time payments