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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...
As we near summer’s end, many of us will be experiencing that old familiar “back to school” feeling, as we refocus our thoughts and plans towards the forthcoming term. In financial services, the focus...
After five years of rehab, Citigroup has certainly figured out which side its bread is buttered and decided to go back to the old darling of banking, perhaps leaving the dealmakers licking their wound...
Transaction banking—the set of instruments and services that a bank offers to trading partners to financially support their reciprocal exchanges of goods (e.g., trade), monetary flows (e.g., cash), or...
This very short blog post is to share with you the definition for SCF that I have come up with after a considerable amount of research on the subject: Supply Chain Finance is the use of financial inst...
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...
The M-PESA mobile money transfer and payments service took the world by surprise in 2007 when it debuted a successful business based on serving an previously underserved population: the rural poor. Mo...
Contactless payment, also known as NFC, or near field communication, is a technology that allows electronic devices to communicate wirelessly. In the case of a mobile wallet application, those devices...
Frequent fliers accustomed to traveling internationally for business are helping drive demand for EMV cards within the United States. Business travelers who have found it increasingly difficult to use...
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....