PayTech


Is Identification the Killer App for Mobile Wallets? (April 17, 2014)

The thus-far sluggish rate of mobile wallet adoption in the U.S. has been attributed to a range of factors, from security concerns, to lack of widespread merchant acceptance to the familiarity and convenience of traditional plastic payment cards. But according to a new report from TSYS, what might be holding mobile wallets back has less to do with the mobile and more to do with the wallet.

ICMA Recognizes Leaders in Card Manufacturing (April 17, 2014)

The International Card Manufacturers Association (ICMA) celebrated leaders in the card manufacturing industry last week, presenting its Élan Awards for Excellence at the annual Card Manufacturing and Personalization EXPO in Fort Lauderdale, Fla.

Blog: PIF Comments on RBI’s Revised Prepaid Guidelines

Industry players welcome the guidance to bring the legal framework for prepaid under a single policy document that leaves little room for ambiguity, and industry continues to advocate for further reforms that will help drive growth of prepaid products to benefit Indian citizens.

Blog: Prepaid Mania Catches On

Just in case there was any doubt among the critics, skeptics and the media, new numbers prove the value of prepaid cards to merchants and consumers. In 2014, retail purchases made with prepaid cards will top US$200 billion, equaling 5 percent of all retail spending in the U.S. Now, merchants are looking for ways to capitalize on the popularity.

People on the Move: Rick Oglesby, Double Diamond Group LLC

Payments industry consulting firm Double Diamond Group LLC has hired Rick Oglesby as senior research analyst and consultant of the recently launched Double Diamond Payments Research, a research division focusing on merchant acceptance trends and analysis.

People on the Move: Joel Leonoff, Optimal Payments

Optimal Payments, a London-based online payments and risk management provider, announced that President and CEO Joel Leonoff was named CEO of the year at the U.K. Stock Market Awards 2014 last month.

People on the Move: Corbin Simon, R&P Group

R&P Group, a Sioux Falls, S.D.-based payments industry recruiting firm, announced that Corbin Simon has earned the Top Producer Award (first quarter 2014) for the Sioux Falls area, from the U.S. Recruiting Network.

Breaking bit

Bitcoin is the poster child of the cryptocurrency world, but it’s not alone. Michael Mainelli and Bob McDowell take a look at the real-world implications of the rise of AltCoins

Microsoft XP Support Ends, Sparking ATM Security Concerns (April 7, 2014)

Microsoft tomorrow will issue the final security update for Windows XP, a 12-year-old product the software giant says no longer suits the risks of today’s computing environments. But millions of computers worldwide are still running XP, including an estimated 95 percent of U.S. ATMs, experts say.