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Author archives: Kaye Skinner

European regulatory agenda drives change

PCM examines the extent to which European regulation will continue to drive major industry change by Robert Courtneidge and Joyrene Thomas European regulation, such as the original Payment Services Directive (PSD) of 2007 and Single Euro Payment Area (SEPA), have already caused significant change within the banking and payment industry. Business models, propositions and customer relationships have all been affected… Continue reading >>

Massive drop in unbanked says World Bank report

Between 2011 and 2014, 700 million people worldwide became account holders at banks, financial institutions or mobile money providers, and the number of unbanked individuals dropped 20 percent to 2 billion people, says a World Bank report. “Access to financial services can serve as a bridge out of poverty. We have set a hugely ambitious goal – universal financial access… Continue reading >>

Visa Inc in talks to buy Visa Europe for up to US$20 billion

Visa Inc is rumoured to be in early-stage talks to buys its former European subsidiary, Visa Europe, in a deal that could be worth as much as US$20 billion, according to media reports. The two sides are discussing how to hammer out a deal and the divergency over the pricing remains wide. The range being discussed is US$15 billion to… Continue reading >>

4-out-5 companies fail their PCI compliance

Nearly 80 percent of all businesses fail their interim PCI compliance assessment, leaving them vulnerable to cyber attacks, according the 2015 PCI Compliance Report by global security consultancy Verizon. With card payments totalling US$20 trillion expected worldwide in 2015 and card usage and acceptance showing no sign of slowing, data security, privacy and management is high on the corporate agenda…. Continue reading >>

£12.8 billion a week to be sent through digital banking in the UK by 2020

Brits are expected to embrace internet and mobile banking more and more over the next 5 years. 2-in-3 Brits will be using internet banking and 1-in-3 mobile banking by the end of the decade, according to a new report published by the Centre for Economics and Business Research (Cebr). The amount transferred through internet banking channels is projected to rise… Continue reading >>

Microsoft prepares to launch payments service to rival Apple Pay

Microsoft is planning to enter the mobile payments space with an NFC proposition. It showed a contactless feature as part of its Windows 10 phone during the WinHEC conference for Windows hardware makers in China in March. To bypass some of the agreements with mobile carriers, Microsoft is working on contactless payment via host card emulation (HCE). This enables NFC… Continue reading >>

e-Commerce growth inspires innovation in Middle East

The cityscape of modern Arabia displays its optimism and advancement with impressive sky-piercing towers. Similarly the payment and commerce landscape is visibly transforming and, if the range of innovations and new products at the Cards & Payments Middle East expo are anything to go by, digital commerce in this part of the world, like its towers, is heading skywards. With… Continue reading >>

NFC drives global SIM market growth

SIM shipments rose by 11 percent in 2014 to 4.7 billion, up from 4.2 billion in 2013, according to SIMallliance whose members represent around 90 percent of the global SIM card market. The estimated total SIM market worldwide also rose last year to 5.2 billion, up 7.2 percent from 2013. Asia saw the highest regional growth, with 2.36 billion SIM… Continue reading >>

Issuers cut credit card reward programmes after interchange shake-up

Two UK card issuers are cutting the reward schemes offered on credit products in response to the card interchange fee cap announced by the European Parliament. In a move that confirms fears that the new interchange fees would disadvantage consumers, Capital One wrote to customers informing them that it is either cutting cashback points on its cards or axing them… Continue reading >>

Apple Pay users on the up

Apple Pay is becoming more and more frequently used each month, a bi-monthly study has revealed. In May, nearly half (46%) of iPhone 6 owners have successfully used Apple Pay. This marks a 4% increase from just two months ago. The study, carried out by Auriemma Consulting Group’s Apple Pay Tracker, interviews a new group of 500 iPhone 6 owners… Continue reading >>