Spent most of this week at a payments conference. The theme was relentlessly around mobile payments, as this area of the market has truly kicked off as a major focal point for banks, telecommunications firms, retailers and merchants. There was a particularly interesting debate about contactless payments, as this is also something that is being…
Several people pinged me yesterday to highlight the fact that Bitcoin has now become a target of the major payments processors. Not for acquisition. Not for partnership. Not for joint ventures. Not for support. No. Bitcoin is obviously becoming a threat to mainstream operations as it is now an active shut-down target. This was demonstrated…
Several people pinged me yesterday to highlight the fact that Bitcoin has now become a target of the major payments processors. Not for acquisition. Not for partnership. Not for joint ventures. Not for support. No. Bitcoin is obviously becoming a threat to mainstream operations as it is now an active shut-down target. This was demonstrated…
The European Parliament agreed the SEPA end-date today, making it legally binding for banks to offer SEPA payment processes from 1st February 2014. Here's the Parliament's press release: Cross-border bank transfers should become faster, cheaper and safer for EU citizens thanks to "single European payments area" legislation passed by Parliament on Tuesday. EU-wide rules to…
We have a continual dialogue about Renminbi (RMB), or Chinese Yuan (CNY) if you prefer. What’s the difference? Well, Remnimbi is the proper term for the Chinese currency, as is referring to UK currency as the Pound Sterling and the American currency as the Dollar; whilst Yuan is the more colloquial term for Remnimbi, and…
There are regular discussions at the Financial Services Club, conferences and meetings about the cashless, branchless future. Visa and MasterCard are huge advocates of a war on cash, as are the mobile wallet providers. Brett King and the Bank 2.0 crowd talk lots about a branchless world of banking and how branches are all irrelevant…
There are regular discussions at the Financial Services Club, conferences and meetings about the cashless, branchless future. Visa and MasterCard are huge advocates of a war on cash, as are the mobile wallet providers. Brett King and the Bank 2.0 crowd talk lots about a branchless world of banking and how branches are all irrelevant…
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