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Author archives: Kaye Skinner

PSD2: A ‘bull by the horns’ approach to open access

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As the European Commission moves closer towards its ambitions of creating a single European payments market, one proposal put forward in Article 58 of the upcoming Payment Services Directive (PSD2) could have a far-reaching effect on the way payments are transacted across the 28-member bloc. The article includes a provision to regulate third party (so-called “third party payment service providers”)… Continue reading >>

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TSYS Q2 revenues upbeat

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TSYS announced its revenues for Q2 2014 increased by 30.4%, while its adjusted earnings per share (EPS) from continuing operations were $0.45, an increase of 19.8%. According to a company press release, total revenues year-to-date were $1.2 billion, an increase of 31.2%. Additionally, TSYS said that company revenues before reimbursable items were $1.1 billion, which is an increase of 35.7%. “We… Continue reading >>

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Daily mobile transactions rise to $71m in Kenya

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Kenyans are transacting Sh6.2 billion ($70.49m) daily through mobile phones, Central Bank of Kenya has said. This is a rise from an average of Sh5.2 billion last year, underlining growing confidence in mobile money and cashless transactions. “The growth has been phenomenal.  It has become an important platform for financial services,” said CBK governor Njuguna Ndung’u in a recent presentation… Continue reading >>

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Amazon Wallet

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Amazon has quietly released a new Android and Fire Phone app, dubbed Amazon Wallet, which lets users scan cards with their phone and save them in the Amazon cloud, so they’re easily accessible when needed. Amazon’s first attempt at its own mobile wallet application, designed for use at POS, has made a quiet debut on the Amazon App store and on Google Play…. Continue reading >>

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UK’s Payments Council in merger talks with British Bankers Association

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The UK banking industry’s main lobbying group, the British Bankers Association, is considering a proposal to merge with at least two of its peers amid pressure from leading members to reduce costs levied by trade organisations. According to Sky News – the British Bankers Association (BBA) discussed potential mergers involving the Payments Council and the UK Cards Association at a… Continue reading >>

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Westpac trials HCE digital wallet technology

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Westpac is trialling Host Card Emulation  mobile payments (HCE digital wallet), the first bank in New Zealand to actively do so and one of only a handful of banks globally to be using the innovative ‘digital wallet’ technology. The three month trial, which uses Carta Worldwide HCE technology, enables credit and debit card details to be securely stored in a… Continue reading >>

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Global Mobile Payments Index Q2 2014: UK Ahead of Rest of World

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Adyen announced findings from its latest global Mobile Payments Index covering the period of April through June 2014.  During this period, on average mobile web payments accounted for almost 22% of all transactions on Adyen’s network worldwide. This represents a 9% increase over Q1 and a 33% increase over June 2013.  Looking specifically at the UK, mobile payments stand at… Continue reading >>

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Visa Europe to use biometrics for payment authentication

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In a recent blog post, Jonathan Vaux, director of new payment propositions at Visa Europe  attributes the increase in the popularity of card-on-file payment to the growing use of biometrics for payment authentication. Vaux writes in response to what he views as a recent spike in the number of announcements from major players in the technology sector relating to plans to open up access,… Continue reading >>

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Could this be Apple’s biggest innovation since the iPhone?

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This spring, Apple CEO Tim Cook offered a vision of the company’s future – to anyone reading between the lines. “We have almost 800 million iTunes accounts and the majority of those have credit cards behind them,” Cook said in a quarterly conference call with analysts. “We already have people using Touch ID [Apple’s fingerprint reader] to buy things across our… Continue reading >>

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Visa confirms eight new markets for digital wallet V.me

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Visa Europe confirmed that its digital wallet service, V.me by Visa, will expand to Germany, Ireland, Norway, Sweden and Italy by the end of the year. Pilots will also launch in Greece, the Czech Republic and Slovakia in 2015, taking the total number of markets offering the service to 12. Visa Europe is also announcing a further €200m investment to… Continue reading >>

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