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Location
Woking
Member since
2013
Writes about
Payments Retail banking

Mark's blog archive

2014 (1) 2013 (1)
Mark McMurtrie

Mark McMurtrie

Independent Consultant at Payments Consultancy Limited
Message Message me Posts: 2 Comments: 8
Bio Mark McMurtrie has worked in the consumer payments industry for 25 years. During the course of his career he has travelled to more than 60 countries promoting the benefits of electronic processing and the advantages of the latest card technologies and payment methods. In 2012 he formed Payments Cons Career History Mark McMurtrie works as an Independent Consultant specialising in consumer payments. During his 25 year career he has worked for ACI, S1, The Logic Group, VeriFone, Hypercom and NCR.

Blogs

 

UK Retail Payments sector:2014 review and 2015 predictions

18 Dec 2014

2014 saw contactless payment come of age and many new ideas pitched to retail. Some payments innovations have excited but some have disappointed. Mark McMurtrie has his say. What changes have impacted the payments sector this year, and what is there to come in 2015? Consumers are increasing their love affair with eCommerce and making a record numb...

1

Payments strategies 2015-2020-2030

Are PIN Mailers still the best way to distribute PINs ?

26 Jun 2013

Ever since banks started issuing credit and debit cards they also needed to supply customers with a PIN for cardholder verification purposes. These were for card usage at the ATM or POS terminal. The delivery method chosen was PIN Mailers. PIN mailers hide the PIN number with scratch-off or peel-back panels that highlights any attemps at tampering....

10

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Mark is Commenting on

Putin vows to build Russian rival to Visa and MasterCard

  A Russian card payments scheme has been expected for a while now. It should come as no great surprise. It will join the growing number of alternatives to Visa and MasterCard.  

28 Mar 2014 Reply Read article

Card present goes Ecommerce

  This is a great example of consumers using new devices and payment technologies to improve the user experience and convenience. It does though highlight the need for card processig rules to keep up with current options and practices. The economics of card acceptance underpin the whole card payments industry. These dictate the costs and who has to pay them. Many stakeholders do not have this specialised knowledge and so are unaware of the cost implications. Changing from Face to Face to Customer Not Present means different rates will apply. Who will the winners be? The card issuer; merchant acquirer; merchant or consumer? The ones impacted most are likely to be those least aware of the intracies.    

28 Mar 2014 Reply Read article

What is the Mobile Payments Ecosystem?

  The time has come for clearer definitions of "mobile payments". It covers a wide variety of scenarios and use cases. It is too broad. We should start using more specific terms when we are discussing the topic.  One good example is the increasing usage of the term MPOS when talking about the use of a smartphone (in conjunction with a PIN pad) as a payment acceptance terminal for micro-merchants. 

02 Oct 2013 Reply Read article

Pace of Change and Innovation

  Many of the industry stakeholders prefer the status quo and are resistant to change.  They often take a domestic or parochial viewpoint. Customer wishes and needs may be heard and understood but rarely are given sufficient importance or priority. Alternative payment methods create a clash between new thinkers and established players.

02 Oct 2013 Reply Read article