4855 Results from /payments
Retired Member
Google is trying to inject new life into its mobile wallet platform by launching a cloud-based version of the app that can be linked to Visa, American Express and Discover cards. Will it be enough? When it was launched in 2011, Google Wallet was presented as the ultimate service that would take the NFC mobile payments revolution by surprise but ...
22 August 2012 /payments /retail Innovation in Financial Services
Visa Europe targeted by the EC on credit card interchange fees Haven’t we been here before? The EC says Visa Europe's cross-border credit cardinterchange fees restrict competition between banks and infringe antitrust rules. As already happened in the US in 2005, history isrepeating itself in Europe with the European Commission saying that its preli...
22 August 2012 /payments Payments strategies 2015-2020-2030
Matthew Talbot SVP at Sybase
The M-PESA mobile money transfer and payments service took the world by surprise in 2007 when it debuted a successful business based on serving an previously underserved population: the rural poor. Mobile technology made it possible to reach unbanked and under-banked people in developing markets without having to build, staff and secure brick-and-...
21 August 2012 /payments
Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions
According to many recent analyst reports, including the World Retail Banking Report 2012 co-authored by Cap Gemini and EFMA, customers are viewing the Internet - alongside the branch - as one of the two most important channels of retail banking worldwide. In this context, I find it odd that many banks and nonbanking financial service providers are...
20 August 2012 /payments
Famous for its mobile payments solution, Jack Dorsey’s Square is already exceptionally popular with merchants in the US. For several years the innovative payments dongle has allowed small businesses (or even one man bands) to accept card payments through their mobile phone securely and with ease. However, the company’s latest offering, Pay with Sq...
17 August 2012 /payments Finance 2.0
The Reserve Bank of Australia (RBA) has been encouraging Australian banks to innovate for some time now. In a consultation paper released earlier this year, the Central Bank highlighted calls for the centralisation of the Australian payments architecture in order to implement a real-time payments system. This is a pertinent reminder that the impl...
16 August 2012 /payments /retail
Elizabeth Lumley Global FinTech Commentator at Girl, Disrupted
Does anyone remember the scene from season five of The Wire, when Proposition Joe starts laundering the money from the New Day Co-op drug cartel in an off-shore bank in Antilles? (If not, get the box set – we’ll talk in a few weeks). Well, new cartel member, Marlo Standfield keeps asking Prop Joe where his money is; so Joe shows him a bank statemen...
15 August 2012 /payments /retail Finance 2.0
The Olympics has been touted as the biggest test ground ever seen for the mobile payments industry. Millions of tickets went on sale and sports venues around the country were kitted out with state of the art mobile payment devices, ready to feed and water the crowds en masse. Given the sheer numbers of people who attended it goes without saying th...
14 August 2012 /payments Finance 2.0
As we all know, around three-quarters of the world's population have access to a mobile phone. However, also according to the World Bank, globally, only 3% of people use mobile phones to receive money and only 2% use them to pay bills. And nearly one in three mobile money users globally is Kenyan. Why the discrepancy? Understanding the factors...
09 August 2012 /payments
Brett King CEO & Founder at Moven
Square and Starbucks just announced their intent to form a partnership for the purpose of improving or 'revolutionizing' in-store payments around the approximately 1,700 retail stores and 5,000 points of presence in the USA. Square has had phenomenal success growing their merchant base to 2 million users in just over 2 years, which when taken in t...
08 August 2012 /payments Innovation in Financial Services
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