293 Results from 2013, /payments
Elton Cane Digital product delivery at News Corp Australia
I've got a confession to make. I still sign my signature with a pen when I use my credit card. I don't have to, and I really shouldn't. I've been writing about technology, banking and payments on and off for about 15 years. I consider myself fairly digital savvy, I like gadgets, and I went through the whole transition to Chip and Pin when I was liv...
18 October 2013 /payments Future Finance
Jane Adams Marketing at Currently looking for a job
Consumer research we carried out recently amongst US consumers paints a worrying picture for putative mobile wallet issuers. We asked 1015 US consumers who they most trusted to issue mobile wallets. The question was preceded by a brief definition of a mobile wallet that was designed to be understandable to non-industry specialists (and that also fi...
16 October 2013 /payments
Retired Member
As mobile applications become increasingly important to users, many companies are failing to leverage them to boost consumer engagement. According to recent Genesys research, there are an estimated 1 million mobile applications representing 40 billion downloads by consumers across the globe. Furthermore, Gartner has projected that worldwide device...
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...
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
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