In-depth analysis, industry snapshots, news in brief and authoritative features – Payments Cards and Mobile’s authoritative, impartial, editorial coverage separates hype from happening within the payment cards and mobile payment industry.
Payments Cards and Mobile November|December 2015
In This Issue
Cover story – Building on the Blockchain
Following the announcement by more than 20 of the world’s largest banks that they are collaborating to develop common standards for Blockchain technology, PCM examines the implications of a decentralised, distributed ledger for the banking and payments industry.
Reputation – Reputation matters
“It takes 20 years to build a reputation and 5 minutes to ruin it. If you think about that you’ll do things differently,” said US investor Warren Buffet. We look at what reputation is worth, and how those in the banking and payments industry can protect this important asset in an always-on, always-connected world.
Electronic payments grow faster than GDP across all regions
Non-cash payment volumes are expected to continue to grow strongly in 2014, according to the World Payments Report 2015 from Capgemini/Royal Bank of Scotland.
Counting the costs of cybercrime
The recent publication of cybercrime statistics by the Bundeskriminalamt (BKA), the German Federal Criminal Office, raises almost as many questions as it answers. • Banking malware remains a common threat.
Gen Y consumers drive future of payments in Asia Pacific
The power within the payment value chain in Asia is shifting to Gen Y consumers aged 25-34, a new study finds. • A positive outlook for South Korea’s cards and payment industry.
Merchant fraud-to-sales losses up on 2014
Merchants are experiencing an increase in fraud, losing 1.32 percent of revenue to fraud on average compared to 0.68 percent in 2014, according to the annual LexisNexis True Cost of Fraud Study.
European Court of Justice declares Safe Harbour invalid
On 06 October 2015, the European Court of Justice (ECJ) ruled that the Safe Harbour agreement, which allows data to be transferred between the EU and US, was invalid as it did not provide adequate protection for European citizens.
The cheque is dead – Long live the cheque
While cheque usage is declining, reports of its death are greatly exaggerated. In fact, the cheque is experiencing a ‘dead cat bounce’ and could see a new lease of life in the digital age, with cheque imaging and faster cheque clearing.