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Biometrics has a strong future in financial services

The financial services industry must set aside competition and collaborate on biometrics to ensure consistent, easy and convenient services for end users. These are the findings of a survey published today by Mobey Forum, exploring the current attitudes to biometrics within the banking industry, the key use cases, industry drivers and obstacles standing in the way of progress. Of the… Continue reading >>

Alibaba follows PayPal and looks to POS for Alipay growth

Chinese fans of fried chicken will soon have a new way to pay for their food fix after Alibaba’s payments unit Alipay hooked up with KFC, as the country’s ecommerce groups look to diversify through “online-to-offline” deals. Alipay’s agreement with KFC China, the country’s largest food delivery business with 5,000 restaurants across 900 cities, was followed by search engine Baidu… Continue reading >>

International groups battle for Indian e-commerce

The world’s largest technology companies are piling in, seeking to replicate in India the e-commerce dominance they enjoy in their home markets. The contest will soon pit American tech groups against rivals from Asia, and China in particular. Who will win? The attractions of India for both sides are obvious. The local market is potentially enormous but still technologically under-developed…. Continue reading >>

European payments regulation driving change

European payments 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 – and more regulation is expected. PCM considers three areas: the security of internet payments, card interchange regulation and the PSD2…. Continue reading >>

ONPEX announce partnership with The Flying Merchant

ONPEX has announced a new partnership with The Flying Merchant, a global provider of high risk merchant services. While traditional PSPs might shy away from offering merchant accounts to high risk online businesses (such as dating, gambling, forex /binary options, etc.), The Flying Merchant is keen on providing the most daring merchants direct merchant accounts with top-tier, high-risk friendly banks… Continue reading >>

Mobile apps generate 50% of retailer mobile transactions

Criteo has released its State of Mobile Commerce Report, revealing that mobile apps generate almost 50% of mobile transactions for some of the largest ecommerce players who have made their app experience a priority, due to much higher conversion rates than mobile browser or even desktop. In addition, 40% of ecommerce transactions now involve more than one device as smartphones, desktops… Continue reading >>

Banks adopting biometrics against fraud

A new impact report finds that the use of knowledge-based analytics are on a fast decline, while various forms of behavioural analytics continue to see strong growth. The report, “Digital Channel Fraud Mitigation: The Mobile Force Awakens,” details the latest threats to banks and their customers, and looks at the technologies being used by banks. The research, which is based on spring… Continue reading >>

Two-thirds of retailers feel they lack tools to tackle omni-channel fraud

More than 50% (54%) of retailers in Europe and the US still have to consolidate their fraud management solutions across all channels, according to new research conducted by Forrester Consulting commissioned by ACI Worldwide. The research reveals that omni-channel data aggregation, the increasing number of payment options, the demand for faster fulfilment and the rapidly changing nature of fraud all present… Continue reading >>

Capitalizing on digital influence in retail

For the third year, Deloitte Digital conducted a survey with thousands of consumers to understand how they engage with digital when shopping, and to quantify how these interactions influence their in-store purchase behaviour. This year, and over two million data points later, the continuing growth of digital influence is resulting in a widening divide between consumers’ digital expectations and retailers’… Continue reading >>

Nine drivers of mobile money identified as consumers embrace mobile

Global trade body Mobile Ecosystem Forum (MEF) has released its annual Global Mobile Money report. As new mobile payment models come online, and more sectors embrace mobile as the primary channel for customer engagement and transaction, the report reveals nine significant mobile money trends and explores how they are stimulating growth across the expanded mobile ecosystem. The report, based on a… Continue reading >>