5273 Results from /payments
Retired Member
With adoption of the Payment Services Directive 2015/2366/EU (“PSD2”) and the transposition period underway, start-ups and large companies alike are looking for opportunities to break into the payment service provider market. One of these key possibilities is an existing, yet new, form of service: the payment service initiator. One major company t...
23 May 2016 /payments /regulation
Europe’s Payment Services Directive 2 (PSD2) is due to come into force in January 2018, once all the national parliaments have passed the required legislation. Some commentators are calling it the biggest change in banking, ever. The main thrust of the new regulation is to improve competition in payments across the Eurozone by: enshrining strong c...
22 May 2016 /payments
Having spent nearly two decades of my career defending the use and longevity of cash I find myself reviewing this position. I have now crossed over from finance and cash/transaction automation into the world of mobile apps and I desperately want to be able to controversially state “that’s it, time is up for cash” but like so many things it’s just...
19 May 2016 /payments /retail Disruption in Retail Banking
Sometimes working with data can seem like an existentialist exercise. Are we thinking about data or are we thinking about the human condition? Sometimes it’s a little of both. Donald Rumsfeld, former US Secretary of Defence had this to say about discovery and self improvement: “There are known unknowns... things that we know we don’t know. But ther...
19 May 2016 /payments /regulation
Between the time this blog was published and you reading it, new fraud schemes will have emerged. Indeed, with the ever increasing number of, and methods for, payment transactions and the new supporting technologies, not least mobile and internet banking, the new opportunities for fraudsters are increasing. Banks are realising that the trends in p...
18 May 2016 /payments Trends in Financial Services
Milos Dunjic AVP, Payments Innovation Technology Solutions at TD Bank Group
The last couple of years brought about lots of change and hope into the payments industry, especially in the area of mobile payments. ApplePay, AndroidPay and SamsungPay mobile wallets got released to the general public. Often with too much fanfare, heavy marketing push by payment networks, mass media and with high expectations. But mainly it has ...
18 May 2016 /payments
Rik De Deyn Sr. Director FS Strategy at Oracle
Back in the days, a long time ago, when animals could still talk, I was working with the Belgian National Police. I was working in a highly secure environment, regularly being trained on the importance of being aware of cyber threats, including social hacking. I did some ethical hacking myself, and felt the rush of locking out the security officer...
17 May 2016 /security /payments
Lu Zurawski founder, iKnowMe at Lu Zurawski
I came across an interesting article about Björn Ulvaeus in this month’s Wired magazine. I hadn’t realized how much of an anti-cash crusader the former Abba star had become. Perhaps the early signs were there - Abba rose to fame with “Waterloo” - possibly a reference to MasterCard, whose European HQ is at Waterloo near Brussels. Bjorn wrote “Money...
13 May 2016 /payments
The EMVCo Tokenization specification captures the basic services, in support of the payment authorization processing during the card not present (CNP) e-commerce and card present (CP) mobile payment use cases. In addition, the ProxyEMVPay Card concept elaborated on how the basic Tokenization Service Provider (TSP) functionality can be extended ch...
Recent research shows that 51% of Canadian SMBs say managing cash flow is one of their biggest challenges. Take travel expense consolidation as an example. Even as employees are given corporate travel cards, each card has its own separate account behind it, credit limit, and consolidating it back to the appropriate cost center is something that us...
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