5161 Results from /payments
Retired Member
Now that Spring has sprung, cardholders are looking to the forthcoming Easter break and planning their summer breaks. Inevitably, thoughts will be turning to their holidays and planning trips away. As part of this, some cardholders will be diligently contacting the issuers of their debit/credit cards to advise of the trip overseas, to ensure that t...
16 March 2015 /payments
Abhishek Chatterjee Managing Partner at Gartner Inc.
Future of transaction banking is full of possibilities & it will be primarily driven by customer experience, higher B2B collaboration & exchange of information, real time transaction management & view of cash. Banks not only need to make sure they serve customer across SME, whole sale and corporates well, but also keep an eye to end cus...
14 March 2015 /payments Financial Services Regulation
HCE cloud-based mobile payments have opened a new chapter in the industry's thinking around security of card data on-device and the risk management associated with it. The lack of secure element hardware storage on-device creates the need for strong software based solutions to mitigate the risk of storing sensitive card data on phone memory. Token...
13 March 2015 /security /payments
While the promise of Digital Money in Indonesia has been much anticipated, the services have taken time to launch and even longer to gain adoption. This had resulted in a highly fragmented market with over 17 e-money licenses - yet none enjoying the adoption or offering the range of services required. Now this is set to change with a new regulator...
13 March 2015 /payments Innovation in Financial Services
Amid a deluge of payments announcements, three or four will have a big impact in the coming months and years. Some common market trends can be seen amongst the million dollar bets. Mobile World Congress (MWC) is typically where the industry’s direction is made clear. For those of us involved in payments, Barcelona has given us plenty to think about...
12 March 2015 /payments
The Durbin Amendment has failed on its promises to US merchants with savings eroded by misapplied caps and replacement fees from card networks and acquirers, while only the savviest merchants are able to achieve the full benefits. The regulation, first introduced in October 2011, was designed to offer merchants relief against debit card interchang...
09 March 2015 /payments /regulation
Valentines day was sealed with a less than loving glitch for retailers this year. Thousands British businesses were left helpless after a technical fault hit their card payments system, on Valentine’s Day weekend. The outage from Global Payments is the latest in a long line of IT glitches from the banking and payments sector. We’re less two months ...
06 March 2015 /payments
It is hard to remember back to when a person could only send an SMS to someone else who was using the same Instant Messaging (IM) platform. Interoperability was eventually worked out between IM platforms back in the 1990s. This post looks at mobile money systems around the world today—which lack interoperability—and how this situation will like
05 March 2015 /payments
There is a massive latent demand for financial services across Africa. This currently involves around 40% of the population, despite the significant progress that has been made across the continent so far. Previously, uncertainty on consumer engagement compounded with high technology prices prevented governments investing in the sector. But, a lot...
04 March 2015 /payments
This blog is really an outcome of the questions/ comments I received on my previous blog on Apple Pay. Every one has essentially 3 main tasks when it comes to payments - pay friends/ relatives/ other individuals, pay billers, and pay merchants. I had written about how Apple Pay does not help me with all of these tasks in a holistic fashion. I rece...
02 March 2015 /payments
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