Skip to content

  • Contactless payments turn ten

    Contactless Turns Ten: The Shift to Contactless Universal Payments is Now Well Established

    Tuesday, September 12, 2017

    In September 2007, Barclaycard first introduced contactless payments to the UK. Ten years on, and many Brits would no longer want to live without a contactless card in their wallet. In fact, six out of ten Brits now pay with "touch and go," and according to the UK Cards Association 108 million contactless cards are in circulation in the UK, with volumes of transactions currently reaching £400 million per month.

  • Vanilla payment systems

    Vanilla Payments Don't Always Cut the Mustard

    Wednesday, September 06, 2017

    Five years ago, there was a clear trend among major brick-and-mortar retailers to bring in their own payments software. Except for very small retailers that used bank-owned stand-alone POS terminals, retailers wanted to own and operate their own systems – usually licensed products from a small number of specialist payments software vendors. This approach gave retailers flexibility, control and cost savings through centralization. Other than the bank-owned terminal approach, there were few viable alternatives.

  • Wearables are transforming payments in Columbia

    Cómo los Ponibles están cambiando los pagos en Colombia [How Wearables Are Changing Payments in Colombia]

    Tuesday, September 05, 2017

    Available in Spanish and English

    Thanks to the payment industry’s ongoing digital transformation and countless innovations adopted by banks, fintechs and retailers, it is now possible to make payments via bracelets, rings, watches, and even jackets—these are called Ponibles in Colombia. You know them as ‘Wearables.’

  • online payment fraud in Australia

    What Australia’s $639m CNP Fraud Problem Means for Retailers

    Thursday, August 31, 2017

    In my role at ACI Worldwide, my fellow fraud consultants and I constantly share information from all corners of the globe. One recent bit of intelligence that immediately caught my eye, and I shared with colleagues across the world, was the staggering cost of card-not-present (CNP) fraud here in Australia.

    CNP fraud accounts for 78% of all payments-related fraud in Australia. And to say it is a challenge for retailers—and the industry as a whole—is a vast understatement. With the astounding growth in eCommerce sales, this is not a problem in decline; it is rising aggressively and shows no signs of abating.

  • Payments innovation in Singapore

    Pairing Payments Innovation with Security Needs in Southeast Asia

    Wednesday, August 30, 2017

    Many Asian governments – most notably those of Singapore and Hong Kong – have launched well-received initiatives to encourage collaboration rather than competition between the fintech start-up world and banks. This has enabled traditional banks to tap into the innovative solutions that fintechs offer, while the banks themselves bring to the table considerable experience with data, resilience, reliability and customer protection.

  • Gauging new payments apps

    Getting a Gauge on Payment App Season

    Monday, August 28, 2017

    Dear Mark, this is a 100% true story (and a solid ‘Ranting’ to boot). As you know, I just returned from a lovely and relaxing vacation (or as our European colleagues call it, holiday). And as I got into my car this morning—for the first time in more than a week—I realized the gas tank was near-empty and that my low-tire indicator light was on… and I needed to get my daughter to camp en route to coming into the office.

    You’d think this a minor inconvenience, right? Well…

  • API Stairway

    API Stairway: The Five Steps to Open Payments

    Wednesday, August 23, 2017

    In my pre-EBAday rantings, I discussed Open APIs in the context of one of the greatest rock songs of all time (Stairway to Heaven, for the uninitiated). Waxing poetic about a topic is one thing, but marrying it to concrete steps is another. So, while our Stairway to Open API utopia was a nice background, it’s time to talk about the flights of stairs we’ll have to take to arrive at those pearly entry gates.

  • Challenges for ISOs

    Five Ways That ISOs Can Turn eCommerce Challenge Into Opportunity

    Tuesday, August 22, 2017

    With the explosive growth of global eCommerce, the entire retail industry has become increasingly digitized, and in the U.S., eCommerce sales growth of more than 15 percent YoY continues to outpace stores. But at the same time, ISOs are feeling the squeeze as acquirers, logistics companies, card schemes, banks, and POS manufacturers (among others) have adapted their offerings with the goal of offering end-to-end payment applications and becoming a merchant’s sole provider.

    However, ISOs can turn challenge into opportunity – and revenue – and can thrive despite the disruption of the traditional payments ecosystem.

  • Small business banking bacon?

    What’s Your Small Business Banking Bacon?

    Friday, August 18, 2017

    Every hip recipe has bacon in it these days. So why shouldn’t your digital banking experience be the same? After all, it’s a yummy addition that gives a standard dish that extra flair.

    Small business banking has been a prodigious untapped market for over a decade. Banks desperately strive to make revenue from this market, but in most cases, they have struggled to do so.

  • PSD2 in the USA

    PSD2 Carries Over to the U.S. – Via the Phone in Your Hand

    Wednesday, August 16, 2017

    Let me ask you a favor. Could you put down your phone for just a minute? Unless, of course, you’re reading this on your mobile device.

    It can be an uphill battle asking someone to put down their phone these days. I have a tween, so I know the struggle! One of the reasons we’re so reticent to do so is the sheer power contained within these devices. At this point, it controls the music, the temperature, the locks and even the lighting in your home, and that’s not even touching on its entertainment value, or its capabilities as a payment device. The device, in its present form, has been around for ten years now, and in 2017, it’s safe to say there’s no going back.