Probably cloned cards sold for £100 each - not a bad deal for copy-paste
26 Aug 2022 10:57 Read comment
I am NOT a fan of BNPL and have posted and shared information on the likes of Klarna (triples all round). However - i think this IS a good initiative, it is Specific (to Iceland) Measurable (as trialled in partnership with an ethical lender, Achievable/Attainable, Realistic (in its limited offer) and Time Bounded for repayments. Iceland are NOT Klarna... They have a loyal client base who they want to retain, the client base is not overly subject to mental health issues or in minority groups as are more open BNPL Clients - per UK Citizens Advice Bureau.... this is a modern interpretation of the old catalogue sales and payments methodolgy which served the UK consumer well for many generations. Its a shame that Politicians knee jerk rather than think through competing business models when it comes to serving the most challenged in our society.... Well done Richard Walker and the Iceland social responsibility team..... Stella Creasey - Well done on Payday Loan legislation - good work there.... but you need to do some more work when it comes to responsible retailing....... Call out Klarna and its ilk..... Do NOT call out cost-effective UK retailers, who serve middle to lower income bracket clients, who also happen to employ thousands of Employees, who pay Employers NI and UK Corporation Tax!!! To the Iceland team... Well done - Ice Pops all round! :-)
25 Aug 2022 09:21 Read comment
We have conversed previously on this subject - BNPL is the wild west..... its just like the Payday loans world.... Some merchants are offering their own BNPL... Its going to be regulated out of existence and Wonga may be a bellweather for Klarna.... time will tell.... as is have mentioned previously - The UKs Citizens Advice Bureau report points out - BNPL is often used by the most vulnerable members of our society - The poor, poorly educated, impulsive, the young and financially unsophisticated..... high pentration has been observed in the LBGTQ population too,,.... This is NOT mainstream finance and until regulated and controled remains an area of concern to our industry and professional members of it!
22 Aug 2022 11:09 Read comment
Going into the hardware business is a bold move - and is not risk free..... Terminals can be expensive to buy, deploy, service and recover.... battery life can be problematic, open architecture can be dangerous, locked down firmware stops merchants integrating their own apps..... There are LOTS of reasons that going into the hardware business is NOT a good thing for acquirers.... I have seen a proprietary terminal strategy suffer many if not all of the above issues..... which took 18months to 2 years to fix.... Good luck Adyen... I hope future results are not impacted too negatively by your terminal roll out....
18 Aug 2022 15:51 Read comment
Credit cards with installment loans/Easy Payment plans (call them what you will) offer banks a simple way to join the BNPL rush - with special terms running up to interest free/24months etc... Why would banks turn away from this....
16 Aug 2022 18:01 Read comment
What sort of person cannot remember what they bought and from where? The sort of person who wants to entrust their entire spending history to an unregulated credit broker I suppose? It might reduce the number of DNR calls to banks from easily confused cardholders I suppose!
15 Aug 2022 12:26 Read comment
Good thing Central Bankers dont run retail banks then!
15 Aug 2022 12:23 Read comment
Agree with you - whilst cash use was falling in relative terms to electronic spending for many years (which always grabbed a headline) the actual amount of cash used for payment annually, always grew!
09 Aug 2022 16:08 Read comment
Operating ATM networks cost-effectively is going to be an opportunity that has to be grasped as this article shows. Cash is not yet dead.... it remains legal tender, and a refuge for some in difficult times!
09 Aug 2022 09:12 Read comment
Hawala and the Knights Templar have or had solutions running for a few years that ticked all these boxes too
05 Aug 2022 13:49 Read comment
Bonita OsgoodBanking Solution Marketing Director at FIS
Alvaro CabreraSales Director at FIS
Bernd RichterSVP - FIS Impact Ventures at FIS
Dorra MeddebSenior Business Analyst at FIS
Wayne RichesVP, Account Management at FIS
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