Banks and merchants to avoid global network costs

The State Bank has gone live with the Bling Nation Community Payments Service, a contactless payments network that enables banks and merchants to avoid global network costs and keep money within the community through a secure local debit network. The bank markets the local payments network as an alternative to traditional payments networks and accompanying rewards program as Redi Pay Bling. Brad Rose, vice president of Information Technology and Security for The State Bank: “In a community of 8,000, there are five banks, including one national branch, and two credit unions. As a result, it is important for us to distinguish ourselves by offering our customers lower costs and increased security and convenience in making and accepting payments, while also driving local commerce.“