Payments news from GlennBrook Partners is reporting an ISO is doing a test of their Decoupled Debit Solution. The company is Maverick Network Solutions Inc. This company based in Delaware refers to their Decoupled Debit product as a Private Labeled Debit Card.
Teledraft the ACH processor in Scottsdale Arizona is also offering a similar service. That is currently being deployed through their Payday Loan clients. This shows that the concept is gaining traction. And that the Paradigm and domination of electronic payments by the Card Associations is beginning to give way to new mechanisms that offer electronic payment services minus the Interchange fees. The primary issues are Risk management, Collections, and Rewards or Loyalty Incentives.
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