Wednesday, February 25, 2004

Transfer of POS-contracts Interpay to banks

The website of Interpay now informs us about the procedure and rules that govern the transfer of the Interpay-POS-contracts to the bank of the merchants. The interesting thing is that merchants now have to choose a single bank to which all payments will be credited. Previously they could opt for split crediting to accounts in both the Postbank and former BGC domain.

Most interesting is the possibility that this transfer leads merchants to reconsider their banking relationship altogether. The transfer can then be viewed as a switch-moment which leads to additonial decisions and changes with respect to the preferred bank relation of merchants.