5055 Results from /payments
Retired Member
I was surprised to read the other day that despite all the hype, still only about 1 percent of commerce transactions happen in mobile devices according to eMarketer. Even total e-commerce, around from the early days of the Internet, still represents barely 6 percent of total retail commerce. These numbers are consistent with the numbers published ...
20 August 2014 /payments
Since Google announced support for host card emulation (HCE) in Android KitKat 4.4 last year, the industry has been divided. Many recognize the value and opportunity that this brings to banks and other service providers for the deployment of mobile services such as payments, transit and loyalty. Others have raised security concerns that they maint...
20 August 2014 /security /payments
Pat Carroll Founder/Executive Chairman at ValidSoft
Payment Services Directive 2.0, Why “PSD2” is A Much-Needed Step Towards Uniformity and Accountability in the European Payments Industry Rules and regulations serve many purposes, from ensuring that business activities are conducted consistently and fairly, to ensuring that providers and their customers are protected from harm, intentional or oth
18 August 2014 /payments /regulation Innovation in Financial Services
Organisations competing in the world of finance are working within a tsunami of regulatory boundaries, which are in place to ensure the right outcomes are generated for individuals, but also present a challenge to the status quo. These regulations are no longer just for boardroom discussion. They are top of mind for people and the media alike. M...
18 August 2014 /payments /regulation
A new report by analyst firm Ovum[i] reveals that nearly three years after financial institutions were ordered to start recording and storing mobile calls, only around a third of those affected have managed to comply. Larger banks and those with operations in a number of jurisdictions appear to be struggling the most. The new rules were introduce...
15 August 2014 /payments /regulation
The world can’t get enough of mobile applications. Last year alone there were 102 billion application downloads according to the analyst firm Gartner. And Google research says 84% of shoppers are now using their mobile phone while they shop in the physical world. Banks would be smart to leverage this revolution. And they would be even smarter to ...
14 August 2014 /payments
Max Excell Senior Global Business Development Manager at GBGroup
Virtual currencies are definitely trending. You know that’s true when even the politicians are jumping on the bandwagon. It won’t be long until Ed and Dave are asking if they can pay for their Cornish pasties with Bitcoins. Maybe we’re not quite there yet, but the fact that in the run-up to a general election, the Treasury is looking at measures to...
Martin Ruda Managing Director at Tall Group
As most people in the UK payments space are either on the beach, or wish they were, just who is going to grab the image clearing initiative when the holidays are over? Following HM Treasury's summary confirmation of the responses to the consultation process - an exercise in telling everyone what you have told them, telling them again, and then tell...
A general lack of awareness surrounding framework agreements is obstructing greater uptake of G-Cloud services among local authorities and housing associations in the UK. The G-Cloud framework is a UK government programme aimed at promoting government-wide adoption of cloud computing. The benefits of procuring services via this method are not curr...
13 August 2014 /payments
Remote Access Vulnerabilities and “Backoff” PoS Malware to Lead to Potential Next Wave of Target-Style Attacks this Holiday Season Data breaches, identity theft and stolen payment card credentials are the gifts that keep on giving (or taking, depending on your perspective), just ask any of the 100+ million consumers caught up in the wave of sec...
11 August 2014 /payments Innovation in Financial Services
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