PayTech
Identity and mobile figure large at payments and cards event
The themes of security, identity and mobility ran strongly through the Cards and Payments Middle East conference in Dubai this week – and not just because the event itself is sandwiched between related and interlinked events focusing on Mobile and Identity.
ING’s Mark Buitenhek on the Challenges facing Transaction Banks
Mark Buitenhek, global head of payments and cash management at ING, describes how simplification, SEPA, security and service are the principal issues facing transaction banks, along with regulation.
Blog: NFC: Your Move, Apple (June 2012)(2)
By Joseph DeSetto, Full Sail University Near field communication, or NFC, is a technology that, on the surface, has tremendous potential. The Japanese vending machine experience of paying for your favorite flavor of sugar water without taking coins from your wallet has been an image of the future for several years now. But for […]
Blog: Well-Designed Mobile Payments Key to App Success (October 2012)
By Joe DeSetto, Emerging Payments Blogger Great design is often highly subjective and can be maddening for executive decision makers. Steve Jobs’ well-known response to his engineers trying to find a solution he would accept was: “I’ll know it when I see it.” Design, and the delightful products and experiences that result, is an art […]
Blog: Blackhawk IPO and the Value of Prepaid Distribution
By John Grund, First Annapolis Consulting Safeway’s decision to IPO a minority stake of Blackhawk Network is yet another milestone in the evolution of the prepaid industry, given Blackhawk’s unique distribution role in the broader value chain. Green Dot and NetSpend serve as bell weathers for the market value of program managers in the prepaid […]
Blog: Loyalty Cards and Network Branded Prepaid Make a Perfect Match in Emerging Markets (November 2012)
By David Parker, Polymath Consulting Recently we saw the announcement by Nakumatt in Kenya—think Tesco in the U.K., Walmart in the United States—that it will convert all of its 1 million loyalty cards to prepaid MasterCard cards. Polymath Consulting worked with Diamond Trust Bank (DTB), one of the two issuing banks selected by Nakumatt, and […]
Blog: Older Technology Seeds Future Mobile Payments
The developed world, especially here in the United States, has a very specific idea of what mobile means, and mobile payments in particular. There are certain technologies that spring to mind as acceptably cutting edge and worth attention, such as apps, QR codes, Square, Apple Passbook and Google Wallet. These technologies are now and ahead […]
Blog: Crossing the Border: More Reason to Check Your Pockets (November 2012)
By Cynthia Merritt, Federal Reserve Bank of Atlanta It’s no secret that cross-border travel has involved a lot more restrictions since 9-11. Declaration of assets and physical inspection of luggage and other items are expected, as well as tedious and unpleasant, aspects of a vacation or business trip. That could change soon and not for […]
Blog: Roasting Starbucks’ 12 Days of Gifting
By Joe DeSetto, Emerging Payments Blogger In the acclaimed television series Mad Men, an average copywriter named Harry Crane invents a role as his agency’s new Head of Television. In this fictional retro world, the old guard that runs the agency in the early 1960s has no idea of the importance of this new broadcast […]
Blog: U.S. Prepaid Companies Aren’t the Only Ones Shopping in Europe (December)
By David Parker, Polymath Consulting The last several months have seen two very interesting pieces of M&A activity in Europe. First, we saw Wright Express’ take over CorporatePay. CorporatePay was a “pure play” program manager specializing in the corporate-loaded sector and, in particular, virtual prepaid cards used by the travel sector for supplier payments. For […]
Blog: As Automobiles Become Devices, Truly Mobile Payments on the Horizon (January 2013)
By Joe DeSetto, Emerging Payments Blogger Siri, Apple’s voice assist for iOS devices, already is a steering wheel button on some newer model cars. BMW has an option listed next to the premium leather seating called BMW Apps. Fords now include Sync, a Microsoft technology, and released the Ford Developer Program and a new open […]
Blog: Consumer Prepaid Saturation in U.K.? (March 2013)
By David Parker, Polymath Consulting Are we reaching market saturation for consumer-loaded prepaid programs in the U.K.? Our latest industry research suggests the answer may be “yes.” Polymath has published The Prepaid Report since 2007, tracking the number and types of consumer-loaded prepaid cards programs in the U.K. Our latest report makes interesting reading because […]
Blog: Tipping Point for M-Payments Hidden in SMS App and Obscure Pizza Promo (April 2013)
By Joseph DeSetto, Emerging Payments Blogger It wasn’t long ago that mobile payments apps for the current generation of smartphones were difficult and time consuming for even experienced programmers to create. Much like the early days of e-commerce, standard ways of protecting user data, providing a consistent interface and user experience that would be trusted, […]
Blog: Venmo App Makes P2P Transactions Social (March 2013)
By Joseph DeSetto, Emerging Payments Blogger A continuous stream of posts with witty comments or pop culture references is nothing new online after years of Facebook, Twitter and various other social services. But when the same type of feed appears in social commerce app Venmo—available online and on a mobile device near you—the effect is […]
Blog: Digital/Mobile Payments and the Power of Social Media (April 2013)
By Hunny Huria, Visa At times I’m amazed how social media has changed our lives and continues to have potential to impact it more. There are innumerable people who start the day by checking their Facebook accounts. As of December 2012, Facebook had more than half a billion daily active users, and 9 million apps […]
Blog: Faster Pussycat! Why Payments Need to Be Faster than a Speeding Laptop (May 2013)
By Nick Holland, Javelin Strategy & Research I bought a new laptop the other day. I won’t bore you with the details of its specifications, but suffice to say, as a professional nerd, I get pretty excited about these things. In fact, I got so excited that I actually bought it as an impulse purchase […]
Pay Magazine – Spring 2013
Prepaid: The Global Phenomenon; MCX Perspective on Mobile Payments; Special Section: Countdown to U.S. EMV; 2013 Paybefore Awards: Top 30 Winners, 12+ Countries; The NFC Debate: Yes, No or Maybe
Alpha Payments Cloud to “revolutionise” payments
A new payments service aims to change the way banks, merchants and payments providers interact with each other by using cloud technology.
Google Unveils New Payment Initiatives to Buoy Wallet (May 16, 2013)
Google is launching a trio of new services that leverage the tech giant’s ubiquitous online presence to spur usage of its mobile wallet. Announced at Google’s I/O Conference in San Francisco this week, the new initiatives include a one-click payments function for Google Wallet, an instant buy feature for Android and the ability to send […]
GoBank to Go National by July 4 with Retail, Entertainment Promotional Push (May 16, 2013)
May 16, 2013 Green Dot Corp.’s GoBank mobile banking concept has proved successful with its first batch of users during a beta test launched in January and the company plans to roll out nationally by July 4, with a marketing push targeting younger consumers, including promotions at Rite Aid and Kmart, the company said this […]
Marqeta Raises $14 Million, Reveals Facebook Card Connection (May 16, 2013)
May 16, 2013 Marqeta today announced plans for a major expansion with the $14 million raised in its latest funding round. The company also went public with the news that its stored value payments platform is powering the Facebook Card launched earlier this year. The Emeryville, Calif.-based startup last year rolled out its stored value […]
2013 Paybefore Awards: Best Non-U.S.-Based Program (May 2013)
Best prepaid or emerging payments program launched and operated by a non-U.S. company outside the U.S. Best in Category: Power to Pay Program Power to Pay NFC tags for mobile phones were developed exclusively for IIT Bombay students and faculty and can be used at select campus outlets for day-to-day purchases via the RuPay payments […]
2013 Paybefore Awards: Best Consumer Value (May 2013)
The prepaid or emerging payments program that delivers the best consumer value proposition for the combination of features, functionality, service and price. Best-in-Category: BlackboardPay An open-loop, FDIC-insured prepaid account that can be integrated with a student ID card to facilitate disbursement of financial aid and student payroll, and providing access to 50,000-plus surcharge-free ATMs, free […]
2013 Paybefore Awards: Best Retail Merchandising (May 2013)
Best use of in-store merchandising to promote the sale, use and acceptance of prepaid cards and/or emerging payments products. Best-in-Category: Green Dot Retail Marketing Comprehensive program of permanent and promotional merchandising that enabled smaller chains to participate, drove significant ROI and addressed cardholder behavior, such as usage and retention. Green Dot Corporation Left […]
Is a waiting game a smart approach for post-trade service efficiency?
It’s often been said that the financial services industry is evolutionary rather than revolutionary, and in some instances this may have proved to be a safe bet. The industry is littered with systems that have grown out of cottage industry and ‘fitting square pegs into round hole, writes Paul Taylor, director global matching, Swift. However, we […]
Italy’s SIA set to connect to New York as recovery plan bears fruit
Milan-based financial technology firm SIA is expanding its reach to New York later this year in a move that caps the latest-phase of a three-year recovery plan for the firm. The extension of SIA’s Financial Ring to New York follows that activation of a hub in Frankfurt is the third cornerstone, after Milan and London, […]
Amazon Coins Make Debut with $5 in Free Apps for Kindle Fire Users (May 14, 2013)
Amazon hopes to spark interest among tablet customers in using its apps to purchase games and other items by giving certain users $5 in free digital goods.
RBC, Bell Team Up on Mobile Payments (May 14, 2013)
Royal Bank of Canada (RBC) has teamed up with telecom provider Bell Canada to announce a new mobile payment system that will enable RBC customers to make purchases online and in stores using NFC-compatible smartphones on Bell’s mobile network.
MasterCard Unveils Nigerian ID Card with Prepaid Function (May 13,2013)
A new program from MasterCard and Nigeria’s National Identity Management Commission (NIMC) will roll out 13 million new ID cards with prepaid payment functionality, in what the payment network calls the largest program of its kind in Africa.
Study: With Lower Fees than Checking, Prepaid Volume to Grow by $45 Billion in Next Five Years (May 13, 2013)
May 13, 2013 As fees on GPR prepaid cards go down, prepaid purchasing volume is expected to grow by nearly $45 billion over the next five years, from $150 billion this year, according to a new report by Javelin Strategy & Research. The study found that more than 13 percent of adults in the U.S. […]
Viewpoint: Loyalty, Not Payments, Is the Real Mobile Opportunity (Spring 2013)
By Jai Holtz, Sears Financial Services (Member of MCX) There’s no denying that years of hype around mobile payments is beginning to translate into real interest and action from retailers, but the trend has a lot less to do with the actual act of paying than is widely assumed. There are numerous benefits to being […]
People on the Move: Martin Wong and Marcella Butler, Think Finance (May 2013 )
Think Finance, a Fort Worth, Texas-based developer of financial products for underbanked consumers, has named Martin Wong as the company’s first chief integrity officer. He will oversee the company’s compliance with all state and federal laws and will be responsible for ensuring Think Finance offers clear, transparent and fair products in the industry. Wong joins […]
