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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? ...
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 in...
Last week I argued that regulators need to get proactive if they are to reduce situations similar to that which engulfed Standard Chartered and those that are now threatening other major banks; in pra...
I wrote my last blog about the Future of Mobile Banking Conference more than two months ago, before a busy June, summer holidays, and the Olympics. It’s now time to meet my promise to highlight some o...
I am not at all surprised at this. It is sub judice even to discuss what the investigation will reveal; yet I will risk my last cent if it is not an ‘inside job’ with the connivance of the POS folks....
Over the past few months, I have written a lot about the dreaded compliance mandates in Latin America. Unlike the US and Europe, Latin American countries including Brazil and Mexico have forced the ad...
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 (...
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 th...
With the public accusation of money laundering against Standard Chartered, and its subsequent settlement with the New York State Department of Financial Services, it got me thinking – how do the regul...
The adoption of collaborative applications within a financial institution can present compelling benefits and significant challenges. These applications are gaining attention in the financial sector d...
Earlier this month Intellect published a report that, “calls on financial regulators to force banks to upgrade their legacy IT systems, or risk future financial crises and systems failures”. Among th...
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 ...