186 Results from 2017, /payments
Retired Member
Calling payment industry experts for help, as I am at a loss here. Overseas cardholders from several countries can do “tap & PIN” in the UK to make payment transactions above the contactless floor limit. I can do “tap & PIN” in some EU countries with my UK-issued contactless bank card to make a payment above the contactless floor limit. But...
23 February 2017 /payments Fintech innovation and startups
Richard Dear Business Development Director at Icon Solutions
Over the last year, we’ve been talking with many banks and payment service providers about the challenges of instant payments. The most progressive organisations are looking to instant payments as an opportunity to embrace open-source frameworks as an alternative to traditional vendor technology solutions. As a large organisation put it to me re...
22 February 2017 /payments
Tom Hay Principal Consultant at Payment Systems Europe
As a European directive, PSD2 has to be transposed into UK law. HM Treasury has recently launched a consultation inviting comment on the proposed legislative changes. The consultation document is written in plain English, and explains some of the issues very clearly. The directive is aimed at “maximum harmonisation”, which means that national la
22 February 2017 /payments /regulation
On 21st February, Andrea Enria, the Chairperson of the EBA, presented at the Westminster Forum and provided some early insights into the progress of their PSD2 Regulatory Technical Framework (RTS) work. The publication of the PSD2 RTS has been delayed a number of times, so Andrea's comments provide some useful previews of the draft RTS which shoul...
21 February 2017 /payments /regulation
Monica Jasuja Head of Digital Payments at MasterCard India
As the noise around the Union Budget 2017 has considerably reduced and state elections in India have occupied our minds, its time to do a policy changes in the budget that impact Digital Payments in India and conclude on the analysis of Decoding Union Budget 2017's Impact on Digital Payments in India Previously, I had segregated the analysis into ...
18 February 2017 /payments Asia Financial Services
When you think of fun, I'm sure the secure delivery of your financial data isn't the first thing that comes to mind - but why are the two mutually exclusive? Now that we’ve mastered accessing financial information through FinTech applications, we need to focus on the next generation of FinTech - Millennials and FinTech Disruptors: a generation fo...
16 February 2017 /payments Innovation in Financial Services
Urvish Macwan Team Leader at Hyperlink Infosystem
Until recently, the world has witnessed significant revolutions in mobile technologies beginning from the radio frequency technology right to 3G technology that has hit the waves all over the world. However, technology being one of the most dynamic areas in the world, the 3G technology is now gradually being faced out by the 4G technology. It is u...
10 February 2017 /payments
Ambar Sur Founder & CEO at TerraPay
Cost & Scale Challenges in International Transfers The demand for low-value cross-border transfers remains a massive unmet opportunity. In developing markets in Africa and Asia, for instance, where daily household earnings average between USD 5 and USD 20, an amount as modest as USD 50 can extend to cover critical household expenditure -- uti
09 February 2017 /payments /inclusion
A new form of online fraud called transaction laundering (TL) is infecting the medical, pharmaceutical, and financial payment infrastructures. TL is a new way to launder money on the internet, when legitimate merchants process payments, typically using a credit or debit card, on behalf of another merchant. However, credit card brand associations c...
08 February 2017 /payments /regulation
If you’re looking to get into the app business, or if you’re already in it, but are just now considering adding a payment option for your app, you must be in search of a provider for such services. In-app payments are generally outsourced to established services that take care of the payment part and instate your app with the capability of accepti...
08 February 2017 /payments
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