5273 Results from /payments
Retired Member
The halls of Fira Gran Via, which plays host to Mobile World Congress (MWC), were as always a showcase for all sorts of digital technology. I was particularly interested to explore the halls asking myself, what’s the Mobile Money angle? Here are four of the things that caught my attention. 1. The Internet of Things Whilst connected devices,...
04 March 2014 /payments
Pat Carroll Founder/Executive Chairman at ValidSoft
Hot on the back of the recent news of Europe’s largest department store group El Corte Inglés taking the plunge towards contactless, yesterday’s Finextra report highlights new figures from WorldPay showing that contactless payments in the UK are rocketing, with 226% more contactless transactions compared to this time last year. This is yet furthe...
28 February 2014 /payments Innovation in Financial Services
The Governor of the Bank of England, Mark Carney, announced on 18th December 2013 that all £5 and £10 banknotes in circulation will begin to be printed on polymer rather than cotton paper from 2016. This decision followed a three month public consultation process around the UK and an internal review. I am very disappointed in this decision and have...
27 February 2014 /payments /retail
Prepaid cards are seen as a product for financially excluded consumers, but they are becoming mainstream. This transition is largely thanks to employers issuing prepaid payroll. It is often young adults who are issued these prepaid cards, and they view them as convenient, and in many ways equal or superior to checking accounts. As these consumers...
27 February 2014 /payments
Elton Cane Digital product delivery at News Corp Australia
With PayPal and others pushing the "it's time for wearable payments line", more handset payment developments and Visa and MasterCard trumpeting the increasing penetration of their respective contactless payment schemes for low-value purchases at retail points of sale, I decided to spend some time looking at two things: - the actual curr...
26 February 2014 /payments Future Finance
Daniel Szmukler Director at EBA
Bank professionals recognise that the payments landscape has undergone rapid evolution over the past decade. Industry research suggests that by 2020 even greater changes must be expected. In such an environment the EBA continues to fulfil its primary role of supporting its membership through the changes and driving evolution in the best interests...
25 February 2014 /payments EBAday
Gareth Ellis Account Manager at ACI Worldwide
The news that VISA and MasterCard have decided to announce support of Host Card Emulation (HCE) appears to be one of those items you read sometimes where you suddenly realise that there has just been a quite dramatic shift in the industry. For a number of years, instead of discussing the usual Payment Ecosystem: Banks, Processors, Cards and Acqui...
20 February 2014 /payments
Miloslav Hoschek Freelancer at e-Silk Road, NGO
Y2020 SWIFT A GLOBAL CLOUD PAYMENT HUB a global reporting hub a central provider of services global reporting and consultation hub Y2014 - SWIFT over 10 thous. banks are users access to 60 HVS - high volume systems access to 20 different ACH payment systems real times sanctions screening to 30 public sanctions registers SWIFT - an ISO Registry...
20 February 2014 /payments /sibos Payments strategies 2015-2020-2030
Our industry has become used to the moving of deadlines when it comes to industry initiatives and for some it perhaps creates a certain element of complacency. Speaking to corporates in our market, I find a broad range of concerns about readiness for SEPA, regardless of when the deadline date is actually going to be implemented. Over the last few y...
11 February 2014 /payments Payments strategies 2015-2020-2030
Nowadays when you arrive at Mumbai airport the first thing you notice when you hit the tarmac is the new passenger terminal officially opened by India’s PM in January. Having travelled to India on numerous occasions in the last two decades I feel that this is a welcome addition to the city’s infrastructure. I’m sure that the roads which lead to an...
11 February 2014 /payments
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