We all know the story of Square, or we should by now, but times are getting interesting for them. Not only challenged by PayPal, whose recent launch of PayPal Here brings proximity payments to the world, they are also being challenged by suppliers like NCR, who are also getting in on the act with dongles…
I got a copy of a fascinating survey by ING yesterday on mobile social banking. The survey asked 12,000 people in 12 countries in Europe about banking in the digital age, and here’s their summary of the main conclusions: 1. More than a third – or 37% – of consumers already use mobile banking. The Netherlands is the most…
This is a question that comes up more and more, and there’s an easy answer: it’s very important; and a harder answer: it’s not always important; and this is a key discussion in the context of immediate payments, something that is getting talked about more and more. In fact, my friends over at Glenbrook covered…
For the fifth year, the Financial Services Club ran a survey of payments professionals worldwide to see how successfully regulations and technologies are changing the European payments landscape, sponsored by CGI and EBA CLEARING. The survey ran during the spring of 2013, and was completed by 422 participants across over…
The UK's Faster Payments Service (FPS) celebrated its fifth birthday on 8th May. Since 2008 the system has grown rapidly, as evidenced in the transaction volumes: an overall transaction percentage increase of 181% 735.6 million annual transactions in 2012 900-950 million transactions anticipated in 2013 processing around £740 billion a year This makes it…
After my discussion about the augmented economy which focused upon customer service, I thought about it from the other side: transactiosns. Many years ago, my technology firm made a play for banks to deploy data warehouses to perform predictive analytics based upon consumer propensity models of their data-based behaviours. It may sound a little complex,…
At this year's International Payments Summit (IPS), there were discussions of many areas including social media, mobile, cloud, regulations and innovations. These have all been summarised in a wonderfully short overview document available to paying attendees. However, given my interest in SEPA and the fact that we are just closing our fourth annual survey into…
This week is Asia week, with a brief jaunt to open the Terrapinn Cards & Payments Summit in Singapore, followed by engaging in the Asian Banker’s Annual Summit in Jakarta. I always enjoy visiting Asia as you gain unique insights you don’t see elsewhere. Over the past years, Asia is where I first saw NFC/RFID (Octopus, Hong Kong), mobile…
This week is Asia week, with a brief jaunt to open the Terrapinn Cards & Payments Summit in Singapore, followed by engaging in the Asian Banker’s Annual Summit in Jakarta. I always enjoy visiting Asia as you gain unique insights you don’t see elsewhere. Over the past years, Asia is where I first saw NFC/RFID (Octopus, Hong Kong), mobile…
