4860 Results from /payments
Retired Member
By February 1st 2014, all qualifying organisations must comply with the SEPA framework. Many businesses are yet to make the required changes to their financial processes missing out on opportunities such as; increased payment speed, improved cash flow efficiency and ensuring a healthy relationship with stakeholders in the financial process. The SE...
16 October 2013 /payments /regulation
Continuing our journey to understand the mobile payments ecosystem, let’s look at card transactions, how they happen, and who gets money for them. Again, please correct me with comments where I’m wrong. Making a card payment As everything with card payments, the actual transactions can be very complex and involve a large number of organisations. T...
16 October 2013 /payments
Nanda Kumar CEO at SunTec Business Solutions
Were you at SIBOS in September? If so, did you get a chance to see how new products, services and technologies are being rolled out in the Middle East and North Africa (MENA) region? During my last trip there, I was struck by the lack of legacy systems that traditionally hinder some other markets. And when I spoke to insiders I found that, thanks t...
15 October 2013 /payments /sibos
Let's for a moment think outside the box and try to forget about using the SE in the mobile phone as a secure storage for the card info ... consumers already have the proper secure elements in their cards ... there is too much politics involved in arguing about who controls the SE in the mobile phone, and that battle will never be won or the accep...
14 October 2013 /payments
Money2020 was a great event that I missed. Yet, judging from media coverage and comments from people who did attend, there were few surprises there. There were some weird product launches like Loop; there were some, still unspecific, updates on MCX (it's not clear how consumers will benefit from it...); there was a new tokenization initiative by t...
12 October 2013 /payments Innovation in Financial Services
Some of you may already know this, but most probably do not - Square's flat rate and no transaction fee pricing actually causes the company to lose money when it processes very small transactions. Businesses that have an average sale of $5 will find Square to be very cost-effective and here is simple reason why. Square must pay to the card issuing ...
12 October 2013 /payments
Brett King CEO & Founder at Moven
Ok, so if you think we're done with the whole "when is a mobile payment a payment" argument, think again. The reality is that the biggest evolution in payments is not about Visa, Mastercard, Amex, Square or faster payments, but it is about context and simplicity, and that's where the mobile and other technologies are leading us. You are ...
11 October 2013 /payments Innovation in Financial Services
There has been much debate of late on Finextra and indeed everywhere about mobile wallets and mobile payments; with some very diverse opinions. Some argue that uptake of mobile wallets and payments is poor; there’s data that supports that view. Others argue that mobile devices are dramatically changing the way consumers and corporates interact with...
10 October 2013 /payments Payments strategies 2015-2020-2030
Andy Morris Risk Business Solutions Consultant at ACI Worldwide
Pause for thought…….quiz time. Can you remember who topped the UK charts on the 14th February 2006? Now, can you also remember what was the main business driver behind the UK’s move to the EMV standard of “chip and pin,” which also coincidentally was the same official launch date (14th February 2006)? Well let me put you out of your misery. It was...
10 October 2013 /security /payments
Specifications serve as a standard of reference for a certification process (e.g. laboratory testing, certification) that can be undertaken to guarantee these specifications have been implemented correctly. We asked, Ludovic Verecque, General Manager at PayCert, to explain us the importance of the certification process. “In the interest of advancin...
10 October 2013 /payments /retail
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