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This Week in Payments – 5/23/2014

The RX for Healthcare Payments

The healthcare payments market in the U.S. is exploding and was expected to reach $2.7 trillion in both payer and consumer payments in 2013. With the increase in changes in the industry due to reform and the shift of payment to consumers, administrative costs are expected to reach a staggering 25-40 cents of every dollar spent in the industry. (via PYMTNS.com)

Jumio Network Lets Bitcoin Firms Share Customer and Fraud Data

Jumio Inc. has formed the Bitcoin Identity Security Open Network (Bison) to enable its clients to share fraud trend data. The company formed Bison in response to interest it saw from Bitcoin companies that wanted to use its identity authentication software. Jumio’s NetVerify allows consumers to scan identity documents, such as a driver’s license or passport, with the camera of a computer or mobile device. (via PaymentsSource)

Why Do So Many Businesses Still Love Checks?

For most of the twentieth century, the most widely used non-cash payment form was checks. Now seen as relatively inefficient, check use overall has waned in favor of electronic methods with the goal of making the payment system more efficient, less time consuming and less costly. While there are many examples that support the move away from checks, at the end of the day, many companies still see hurdles in moving away from checks. (via PYMNTS.com)

Intuit Reveals QuickBooks Bitcoin Payments Beta

For years, Intuit has spent a large portion of its energy towards innovation.  Intuit Labs, understandably, runs “Lab Experiments” to test and implement the newest innovations and technologies, package them into user-friendly software, and deploy them to small businesses around the world.  Intuit Lab’s current “experiments” include  a mobile POS solution called ShopOwner, a mobile application to ease waiting called Buzzer, and much much more.  The newest of these projects, just announced today, is QuickBooks Bitcoin Payments. (via Cryptocoinsnews.com)

BlueSnap integrates with Avalara to ease merchant tax woes

Global payment gateway BlueSnap, today announced an integration with Avalara, a leading provider of cloud-based software that delivers a broad array of compliance solutions related to sales tax, VAT and other transactional taxes. (via Finextra)

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