273 Results from 2015, /payments
Martin Gloor Country Manager at Abrantix Pty Ltd
In my last post I wrote about major scheme credit cards (Visa, MasterCard etc.) on mobile phones. But what about private label cards? I believe that mobile private label cards provide compelling added value to both merchants and cardholders. From a merchants perspective, at the top of the wish list for such an app is probably a fully branded expe...
19 February 2015 /payments
Tom Hay Principal Consultant at Payment Systems Europe
Digital fiat currency A recent presentation and blog by David Andolfatto of the St Louis Fed discusses the idea of a government-backed digital currency – exactly like Bitcoin, but issued by the Fed and exchangeable at par with ‘real’ dollars. Although this radically contradicts the political philosophy of Bitcoin, which was meant to wrest control...
16 February 2015 /payments
Hugo Cuevas-Mohr CEO at Mohr World Consulting - IMTC Conferences
In English, a “moving target” is when you set your expectation for something – some task, some desirable outcome, a target, and then when it is met you ‘move the target’ and set another expectation. It means that the person or entity you have set the expectation for is never able to fulfill it, never reaching the target. And “De-Risking” is fast b...
13 February 2015 /payments /regulation Financial Services Regulation
Anthony Pickup Consultant at Capgemini Invent
Recently on the BBC consumers affairs program highlighted complaints being raised by small UK retailers of the costs from transactions where card details are reported lost or stolen after the transaction. These customer not present transactions are authorised when the transaction is made but are later recalled by a process is known as a 'Charge B...
13 February 2015 /payments
I was discussing the future of UK bank accounts with Simon Deane-Johns from Keystone Law and he pointed me to a response from the Finance Innovation Lab to Competition and Markets Authority (CMA). http://www.thefinancelab.org/finance-innovation-lab-leads-alternative-finance-coalition-call-competition-authorities-drive-greater-diversity-market/ http...
Daniel Szmukler Director at EBA
The financial industry is ripe for change and innovation. Some of these changes are being mandated by regulators. Other disruptions are coming from new technologies such as the rise of apps, mobile devices and social media which have an irreversible impact on customer demands and requirements. In the field of payments, it implies demands for new a...
13 February 2015 /payments EBAday
Retired Member
We’ve long heard that the year of mobile payments has arrived. 2015 began in much the same way. This year however is markedly different as Apple’s latest company earnings validated claims that 2015 is the year for mobile payments. Tim Cook in fact heralded 2015 to be the year of Apple Pay, but the company’s success is one that can be celebrated ac...
Enough has been written about how cool Apple Pay is. And it really is a game changer in a world filled with card data breaches and fraud. Apple Pay's support of tokens and biometrics are extremely important features for consumer and payment security. However, I want to point out some key trends in consumer and merchant expectations where Apple Pay...
11 February 2015 /payments
PCI compliance has long been seen by many as a ‘tick in the box’ exercise, that hasn’t figured high on the information security stack hot list. But that does now seem to be changing. At the PCI London conference, a growing awareness of the strategic importance of PCI is becoming more and more prevalent. Recent data breaches and a growing awareness...
Most of us have heard the saying: “It takes a village to raise a child.” Within the mobile money and digital payments sphere, it takes an ecosystem. An ecosystem of financial institutions, merchants, government entities, and, of course, consumers. This blog describes how a thriving ecosystem is needed to build trust and liquidity to prevent c
05 February 2015 /payments
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