Des Moines Business Record & Iowa Public Radio

We are proud to share some recent press in the Iowa news. We’d also like to extend another thank you to our users and the Des Moines business community. Without you folks, this wouldn’t be possible. Thank you to Joe Gardyasz at Business Record, as well as Jeff Schmitz, Ben Kieffer, and John Pemble at Iowa Public Radio.

The Des Moines Business Record

Here is an exert:

” When Ben Milne was selling speaker components online, it really bugged him that credit card processors’ “swipe” fees were bleeding his small company’s bottom line. Each time a customer paid online with a credit or debit card, his business would incur a fee that was more than 3 percent of the purchase amount. ” Read more here.

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Ben was fortunate to be included in IPR’s discussion of a Cashless Society last week on The Exchange. Ben joined the program with University of Iowa Finance Professor John Spitzer who worked for the Federal Reserve in the late 1970′s when they began looking at the prospects of a cashless society. Joining John on the first half of the program is Douglas Rushkoff, author of ‘Life, Inc.‘.

Here is an overview of the conversation :

Debit card usage has climbed fourfold since 1999 and the Payments Council predicts that banknotes and coins will be used for fewer than half of all transactions in the next five years. We examine the prospects of a cashless society with a University of Iowa Finance Professor and the leader of a Des Moines business offering a web-based technology for transferring money. (46:30). Listen or download the conversation here.