They don't accept anything based on an email address. You have to log into your online banking account and issue the payment. It is very easy and how I pay many of my bills.
I'm talking about WF SurePay. Here's the setup window. I can send money (haven't tried it) per the following information:
Sending Money Using an Email Address or Mobile Phone Number
Wells Fargo and Bank of America customers can send money to each other using an email address or mobile number. You can also send money to recipients with an eligible checking or savings account at any U.S. financial institution.
To send money, add your recipient's information, enter an amount, and select a delivery speed.
Within 14 calendar days, a new recipient needs to register the email address you used in order to receive the money.
Recipients who do not bank at Wells Fargo or Bank of America should use clearXchange to register their email address along with their checking or savings account.
To send money using a mobile phone number, your recipient must first register their mobile number for the service.
Recipients may be required by their bank to manually accept your transfer. If the recipient does not accept your transfer (within 14 calendar days), the funds will be returned to your account.
Here's what the recipient information looks like:
I know what Bill Pay is but this is different. I do have to log into my account but I'm not issuing a payment, I'm transferring money. I can see al sorts of possible issues with this process.
I'm talking about WF SurePay. Here's the setup window. I can send money (haven't tried it) per the following information:
Sending Money Using an Email Address or Mobile Phone Number
Wells Fargo and Bank of America customers can send money to each other using an email address or mobile number. You can also send money to recipients with an eligible checking or savings account at any U.S. financial institution.
To send money, add your recipient's information, enter an amount, and select a delivery speed.
Within 14 calendar days, a new recipient needs to register the email address you used in order to receive the money.
Recipients who do not bank at Wells Fargo or Bank of America should use clearXchange to register their email address along with their checking or savings account.
To send money using a mobile phone number, your recipient must first register their mobile number for the service.
Recipients may be required by their bank to manually accept your transfer. If the recipient does not accept your transfer (within 14 calendar days), the funds will be returned to your account.
Here's what the recipient information looks like:
I know what Bill Pay is but this is different. I do have to log into my account but I'm not issuing a payment, I'm transferring money. I can see al sorts of possible issues with this process.
It looks to me as if it is much the same thing - Both parties need to be registered online bank users, and both parties need to have an email address linked to that online banking account. In order to access respective accounts, however, and to issue or receive a payment you need to log into your account. So no personal details are ever sent across during a transaction. I guess if a wicked parti can hijack you email account and successfully link that email address to another banking institution, and do that without giving themselves up in the process, they could potentially defraud you of the 100 bucks or so of the transaction before the issue was flagged, but I am sure WF insures you against such potential cases?
What other issues can you see? I may not have thought this through properly.
[QUOTE][B][I]Gross sales across Alibaba Group’s consumer shopping sites surpassed [COLOR=blue]$9.3 billion[/COLOR] over the last 24 hours [/I][/B] on what is the company’s biggest sale day of the year. The total marks a more than 60 percent increase from last year’s November 11 total of $5.75 billion in gross merchandise sales.
Alibaba introduced the 24-hour sale — known as the 11.11 Shopping Festival or the Singles Day sale — in 2009 on its Tmall marketplace, where big global brands such as Nike and Uniqlo set up online storefronts. Since then, it has extended the 50-percent-off sale to Alibaba’s other shopping sites, including Taobao and group-buying site Juhuasuan.
To give you a sense of how big this sale is, [B][I] the [COLOR=blue]$9.3 billion Singles Day total[/COLOR] dwarfs[COLOR=blue] the $3.6 billion that U.S. shoppers spent online last year on both Black Friday and Cyber Monday combined, [/COLOR][/I][/B] according to comScore. And the total could still grow higher; Alibaba’s Aliexpress site, which targets Western shoppers, is running its sale through the end of November 11 in the Pacific timezone.
While the sale is monstrous, Alibaba only records a fraction of the total as revenue, since it is merely operating shopping marketplaces and not selling the goods itself. [B][I]On Taobao, which features small sellers, Alibaba does not take a cut of sales, instead making money by selling advertising placements. On Tmall, [COLOR=blue]Alibaba takes a cut, typically two percent to five percent,[/COLOR] of each transaction, according to information on Tmall’s website.[/I][/B]
Saw another article about ApplePay on the CIO website but couldn't get it to let me log on to post so I'll post the information I found from that article here. Smoothie King is changing all their POS terminals to one from Revel (SF based), http://revelsystems.com/2014/09/30/revel-works-apple-pay. This system uses an iPad and they say it can use ApplePay. I'm guessing they are using the NFC capability in the iPad Air 2 as the merchant side of ApplePay. This makes for a really nice system and I wonder why retailers are staying with antiquated Windows DOS, or even any Windows-based, POS system. I'm tired of reading articles where retailers complain about having to upgrade the equipment that actually allows them to make money. If your POS system doesn't work, you don't make a sale.
No, I don't work for Revel, in fact I didn't even know they existed until I read the CIO article but they have packages for all types of POS systems.
"No Back Office Server
Cloud-based and secure, Revel POS provides you freedom from the back office server. Manage your business on vacation, from home, or anywhere you choose." In other words, you don't have to worry about your Microsoft technician messing things up and giving away all your emails and credit card information. Of course, this product might not be for everyone but I'm seeing more iPad-based POS terminals popping up all over the place. Maybe one of the business owners who frequent AI can give Revel a call, see what they cost, and enlighten the rest of us.
Comments
They don't accept anything based on an email address. You have to log into your online banking account and issue the payment. It is very easy and how I pay many of my bills.
I'm talking about WF SurePay. Here's the setup window. I can send money (haven't tried it) per the following information:
Sending Money Using an Email Address or Mobile Phone Number
Wells Fargo and Bank of America customers can send money to each other using an email address or mobile number. You can also send money to recipients with an eligible checking or savings account at any U.S. financial institution.
To send money, add your recipient's information, enter an amount, and select a delivery speed.
Within 14 calendar days, a new recipient needs to register the email address you used in order to receive the money.
Recipients who do not bank at Wells Fargo or Bank of America should use clearXchange to register their email address along with their checking or savings account.
To send money using a mobile phone number, your recipient must first register their mobile number for the service.
Recipients may be required by their bank to manually accept your transfer. If the recipient does not accept your transfer (within 14 calendar days), the funds will be returned to your account.
Here's what the recipient information looks like:
I know what Bill Pay is but this is different. I do have to log into my account but I'm not issuing a payment, I'm transferring money. I can see al sorts of possible issues with this process.
[/SIZE][/B]
[IMG ALT=""]http://forums.appleinsider.com/content/type/61/id/52251/width/500/height/1000[/IMG]
[B][SIZE=4]The most ubiquitous payment provisioning over all!
[/SIZE][/B]
I'm talking about WF SurePay. Here's the setup window. I can send money (haven't tried it) per the following information:
Sending Money Using an Email Address or Mobile Phone Number
Wells Fargo and Bank of America customers can send money to each other using an email address or mobile number. You can also send money to recipients with an eligible checking or savings account at any U.S. financial institution.
To send money, add your recipient's information, enter an amount, and select a delivery speed.
Within 14 calendar days, a new recipient needs to register the email address you used in order to receive the money.
Recipients who do not bank at Wells Fargo or Bank of America should use clearXchange to register their email address along with their checking or savings account.
To send money using a mobile phone number, your recipient must first register their mobile number for the service.
Recipients may be required by their bank to manually accept your transfer. If the recipient does not accept your transfer (within 14 calendar days), the funds will be returned to your account.
Here's what the recipient information looks like:
I know what Bill Pay is but this is different. I do have to log into my account but I'm not issuing a payment, I'm transferring money. I can see al sorts of possible issues with this process.
It looks to me as if it is much the same thing - Both parties need to be registered online bank users, and both parties need to have an email address linked to that online banking account. In order to access respective accounts, however, and to issue or receive a payment you need to log into your account. So no personal details are ever sent across during a transaction. I guess if a wicked parti can hijack you email account and successfully link that email address to another banking institution, and do that without giving themselves up in the process, they could potentially defraud you of the 100 bucks or so of the transaction before the issue was flagged, but I am sure WF insures you against such potential cases?
What other issues can you see? I may not have thought this through properly.
[QUOTE][B][I]Gross sales across Alibaba Group’s consumer shopping sites surpassed [COLOR=blue]$9.3 billion[/COLOR] over the last 24 hours [/I][/B] on what is the company’s biggest sale day of the year. The total marks a more than 60 percent increase from last year’s November 11 total of $5.75 billion in gross merchandise sales.
Alibaba introduced the 24-hour sale — known as the 11.11 Shopping Festival or the Singles Day sale — in 2009 on its Tmall marketplace, where big global brands such as Nike and Uniqlo set up online storefronts. Since then, it has extended the 50-percent-off sale to Alibaba’s other shopping sites, including Taobao and group-buying site Juhuasuan.
To give you a sense of how big this sale is, [B][I] the [COLOR=blue]$9.3 billion Singles Day total[/COLOR] dwarfs[COLOR=blue] the $3.6 billion that U.S. shoppers spent online last year on both Black Friday and Cyber Monday combined, [/COLOR][/I][/B] according to comScore. And the total could still grow higher; Alibaba’s Aliexpress site, which targets Western shoppers, is running its sale through the end of November 11 in the Pacific timezone.
While the sale is monstrous, Alibaba only records a fraction of the total as revenue, since it is merely operating shopping marketplaces and not selling the goods itself. [B][I]On Taobao, which features small sellers, Alibaba does not take a cut of sales, instead making money by selling advertising placements. On Tmall, [COLOR=blue]Alibaba takes a cut, typically two percent to five percent,[/COLOR] of each transaction, according to information on Tmall’s website.[/I][/B]
[/QUOTE]
http://recode.net/2014/11/11/alibaba-just-sold-more-than-9-billion-in-goods-in-one-day/
Saw another article about ApplePay on the CIO website but couldn't get it to let me log on to post so I'll post the information I found from that article here. Smoothie King is changing all their POS terminals to one from Revel (SF based), http://revelsystems.com/2014/09/30/revel-works-apple-pay. This system uses an iPad and they say it can use ApplePay. I'm guessing they are using the NFC capability in the iPad Air 2 as the merchant side of ApplePay. This makes for a really nice system and I wonder why retailers are staying with antiquated Windows DOS, or even any Windows-based, POS system. I'm tired of reading articles where retailers complain about having to upgrade the equipment that actually allows them to make money. If your POS system doesn't work, you don't make a sale.
No, I don't work for Revel, in fact I didn't even know they existed until I read the CIO article but they have packages for all types of POS systems.
"No Back Office Server
Cloud-based and secure, Revel POS provides you freedom from the back office server. Manage your business on vacation, from home, or anywhere you choose." In other words, you don't have to worry about your Microsoft technician messing things up and giving away all your emails and credit card information. Of course, this product might not be for everyone but I'm seeing more iPad-based POS terminals popping up all over the place. Maybe one of the business owners who frequent AI can give Revel a call, see what they cost, and enlighten the rest of us.