5062 Results from /payments
Retired Member
Leading the update to invited industry participants organised by the Australian Payments Clearing Association (APCA) on 29 July, Assistant Governor Dr Malcolm Edey pointed out that the Reserve Bank of Australia’s approval of the industry proposal for a New Payments Platform was not unconditional. Recalling the original brief from the RBA’s 2011 St...
29 July 2013 /payments
The European Commission (EC)’ s long awaited proposal for a revised Payment Services Directive (PSD2) published on 24 July 2013, has been overshadowed by its proposal for the regulation of Multilateral Interchange Fees (MIF), announced concurrently. PSD2 has some very significant content. The PSD established a legal and regulatory framework for p...
26 July 2013 /payments /regulation Payments strategies 2015-2020-2030
Chrysler Corporation recently issued a vehicle recall, it’s twelfth since June this year, affecting 840,000 of its automobiles around the world. Chrysler said it’s a pre-emptive measure, and cited a faulty head restraint as a reason for the recall. Vehicle recalls are almost standard procedure in the world of automobiles today, but what does it m...
26 July 2013 /security /payments
Is the UK payments space about to undergo a revolution? That is now a distinct possibility with this week’s announcement from the European Commission (EC) of its new payments service directive (PSD2) and a regulatory proposal to cap interchange fees on debit and credit card transactions. If the implications of the directive are considered alongsid...
26 July 2013 /payments
PayPal are bearish on cards - "Plastic Credit Cards Will Become Obsolete in 5 Years". Surprise, surprise! Considering that MasterCard are introducing a digital wallet fee which will affect mainly... PayPal (as well as their... plastic card launched just six months ago), that statement is not surprising. As Mark Twain put it, "the re...
25 July 2013 /payments Innovation in Financial Services
Teenage children of our friends taught me the most typical response they often give to their parents - stretched out index fingers and thumbs forming "W". "Whatever..." (If you then flip hands down, you get even more emphatic message - "Whatever, Mom!..") That's how the payment industry is approaching fraud and securit...
23 July 2013 /payments Innovation in Financial Services
In part 2 of my “Card Acceptance Matters” blog article, I discussed how card acceptance can lead to greater revenue consistency. In this article, we’ll take a look at how card acceptance can increase the likelihood of being selected as a supplier. In the study, more than half of Buyers surveyed indicated a preference for card-accepting suppliers. ...
22 July 2013 /payments
Today’s environment, corporates are able to process various types of payment transactions and submit them to the Bank for processing of Cash Management transactions. An Integrated Payments platform with a User Interface is offered to corporates where the customer can process an Integrated Payment File with multiple payment types such as Electronic...
Mobile payments are changing the checkout experience. This is valid for both in store transactions and for online ones. Payments, once limited to passive instruments like cash, checks and cards, can now be carried out with smartphones, which pack technologies that can be used for a variety of purposes, including marketing and identification purp
It’s a common scene: a customer waiting patiently for a card transaction to be processed. In most cases it only takes a few seconds, but it can certainly seem longer. While some staff may try and fill this time with chatter, merchants should be working harder to make these moments count to actively build a relationship and engender customer loyalt...
22 July 2013 /payments /retail Payments strategies 2015-2020-2030
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