02 August 2013
Bank robbers don't rob banks anymore. They don't need guns, and they don't wear masks. Instead, they hide behind their computer screens and cover their digital tracks. In today's world, there are multiple ways for cybercriminals to make money long before cash is actually transferred out of a bank account. Robbing a bank has become one of the last cogs in a much broader operation. Online theft is almost always part of a much grander scheme. Though sometimes a high-skilled individual or...
19 July 2013
Dan Rowinski has a fantastic piece on Clinkle, the latest hot payments startup. (Its $25 million seed round came from Accel Partners, Andreessen Horowitz, Jim Breyer, Marc Benioff, Owen Van Natta, Peter Thiel, and many other members of the Silicon Valley elite.) Rowinski’s message: payments technology is the easy bit. The hard bit is changing behavior. It’s basically no easier or faster to activate the NFC or QR code in your phone or open an app than it is to dig out some...
15 July 2013
Sweden is seen as the Promised Land in the payments industry, and not only in Europe but across the globe. While the rest of us are still grappling for loose change and crumpled banknotes, the Swedish, who have the highest card penetration rate in the world, are reaching for plastic. Smartphone and mobile Internet penetration in Sweden is on the rise, and many are looking to the Swedish market to help ignite mobile payments. Sweden has great potential, and stood as the only European country that...
05 July 2013
ACI Worldwide , a leading international provider of payment systems, today released the results of a new survey of banks, retailers and payment processors that sheds new light on industry trends related to EMV, mobile payments and banking, fraud and innovation. This survey was conducted at the 2013 ACI Americas Exchange conference in Boston, MA from June 4-6, 2013. Visit www.aciworldwide.com/ExchangeSurvey for more information. EMV Will Drive Mobile Adoption while Reducing Physical Card Use...
07 June 2013
Online commerce is no longer in its infancy, and as more and more consumers shop online every day, the demands they place on eRetailers increase as well. According to an eCommerce and digital marketing report issued by EPiServer , more than half of UK consumers are using their mobile phones or tablets to make online purchases every week. Moreover, 36 percent reported they have been purchasing more items online in the last year. Consumer satisfaction is a huge part of the eCommerce world, as...
27 May 2013
Europeans make 19 million contactless transactions in March 2013 Visa Europe confirmed that contactless usage has reached a critical point of adoption across Europe. Monthly transaction numbers across Europe reached more than 19 million in March 2013. Over €1billion has now been spent on contactless cards and smartphones equipped with a Visa payWave app. 2013 has seen contactless momentum in the UK grow significantly with 1.5 million Visa contactless transactions being made on London...
10 May 2013
"NFC was revolutionary 10 years ago but I think it just might have passed its sell-by date", the retail giant's Lyndon Lee told attendees at a mobile payments conference in London this week. "We are developing a digital wallet, focusing on marketing and loyalty aspects, but payment may not enter the wallet." NFC mobile payments are too complicated, there are too many parties involved and the concept offers too little value, Lyndon Lee, Enterprise Consultant Architect at Tesco , one of the...
15 March 2013
A social media study conducted by MasterCard and Prime Research has identified a high volume of conversation and consumer interest in adopting mobile payments — as well as highlighting a number of barriers to entry. The Mobile Payments Social Media Study tracked 85,000 social media comments across Twitter, Facebook, blogs and forums around the world and found that there are continued concerns over security and customer support as well as confusion over the array of options available....
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