254 Results from 2014, /payments
Retired Member
Brazil’s status as one of the world’s most vibrant tiger economies is well known, but its hosting of a certain international football tournament this summer has further highlighted the region as being ripe with market opportunity. With the world’s eyes on the country, merchants looking to gain a foothold in Latin America have realised the potentia...
23 September 2014 /payments /retail
I recently read a very interesting article by Karen Webster regarding Apple and NFC payments, which after all was said done I came to the interesting conclusion that I believe Apple actually doesn’t give 2 hoots “whether it’s NFC or XYZ that powers payments, just that it all happens inside its ecosystem and that its platform is that which can both...
19 September 2014 /payments
With the launch of Apple Pay, a question on everyone’s mind is what the impact will be for retailers and banks. For most retailers, especially those in the US, the question is whether they want to start accepting Apple payments and if they do, how this will affect their overall omni-channel strategy. For banks, the question is more around whether ...
History has shown us that many people and businesses wait to see what Apple does before committing to a new technology, and we have just witnessed that with regards to mobile payments, and in particular NFC. Whilst there has been a momentum building towards the technology recently, it has never reached the mainstream public, but with Apple’s seal ...
19 September 2014 /payments /retail
How to combat the business challenges that slow insurance processes, profits and customer responsiveness One of the largest challenges insurers currently face is reducing compliance risk resulting from regulatory pressures that followed the 2008 financial crisis, plus the global economic challenges of the current era. Consider the numerous new laws...
With last week’s news of the iPhone 6 and Apple Watch debuting with mobile wallet capabilities, there is no doubt that Apple has given the (mobile) payments industry a shot in the arm. But in what direction, and what are the implications? At long last we have near field communication (NFC) built into the hardware - an addition long speculated, and ...
17 September 2014 /payments
Latest figures from the Payments Council show a dramatic rise in the use of Faster Payments, with volumes of spontaneous customer-initiated payments (knows as ‘Single Immediate Payments’) rocketing by 24% in the year to July 2014. In comparison, cheque volumes fell by 11% in the same period and Bacs Direct Credit volumes were flat. Some of this r...
16 September 2014 /payments
When plastic cards become digital tokens, a strange thing happens. They become virtual. So how do you say that the Card is Present or Not Present, the legendary regulatory difference that the cards industry has relied on to differentiate between interchange fees for Card Present and Card Not Present transactions? Apple secured Card Present prefere...
12 September 2014 /payments
Yes, Apple endorsed NFC in the latest announcement. If you are thinking this is going to increase sales of NFC POS terminals, don't hold your breath. Here's why. Apple is smart enough to know that NFC is a technology that has been tried and tested by giants such as Google but was resisted by merchants. Yet, it had to conform to the norms of finance...
So now that I’ve had a day or so to digest the recent announcement by Apple regarding “Apple Pay”, here are some of my thoughts: My first thought was: after coming late to the party, and having all this time to think about how they can add value, solve problems, and streamline m-commerce – this was the best they could come up with? Just … pay? ...
11 September 2014 /payments
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