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Ian Bowen - PayX Iinternational Ltd - London | 15/01/2013 | 1641 views | 1 comment

CEOs 'Off the Rails'

They’re at the top of the tree, they have the POWER, they are paid huge salaries, bonuses and benefits yet we’ve seen a few instances recently where top CEOs have departed their companies in disgrace. So what makes these CEO’s do the things that they have done? I remember seeing a tv programme a number of years ago that was exam... Tags: Cards, Payments

Ian Bowen - PayX Iinternational Ltd - London | 15/01/2013 | 1834 views

Interchange Fees - It'll all end in Tiers!

If MasterCard’s analysis, published in their Insights paper 1Q2007, of the effects and outcomes of the RBA (Reserve Bank of Australia) intervention into Interchange Fees (ICFs) back in 2002 is to be taken at face value then the prospects for European consumers using payment cards, if MasterCard Europe’s final appeal of the 2007 EC decis... Tags: Cards, Payments

Ian Bowen - PayX Iinternational Ltd - London | 15/01/2013 | 2045 views | 3 comments

Have a little sympathy for the Banks .... but not too much

The Payment Protection Insurance (PPI) mis-selling scandal that the UK banking industry is still paying for is forecast to be costing them somewhere in the region of £15bn. Is the value of premiums on mis-sold policies really as high as that, and why was mis-selling so rampant. In my time at a leading UK bank I actually had management respo... Tags: Cards, Payments

Ian Bowen - PayX Iinternational Ltd - London | 20/12/2012 | 3789 views

Fraud: You're only as good as your last prevention.

The industry analogy is that fraud is like a balloon, you squeeze the fraudsters in one area and they pop out somewhere else. Sometimes it’s predictable like when chip & PIN was introduced, already high CNP fraud rose still further and x-border fraud levels rose (though not as sharply and as quickly as had been forecast) Often, h... Tags: Cards, Payments

Ian Bowen - PayX Iinternational Ltd - London | 20/12/2012 | 3661 views

Visa Hungary - Are they are losing their appetite?

If the recent article published on the Pymnts web site is accepted then it seems that Visa may be considering an exit strategy from Hungary in the face of substantial, and continuing, market share loss to MasterCard. According to the article, and cross referenced pieces, Visa’s problems stem from a commitment made to the EC to reduce (deb... Tags: Cards, Payments