- April 27, 2014
- Business, Card Processing, Strategy
Visa Argentina and Banelco alliance further strengthens Payments
In late 2013 announcements were made that Banelco, the large Argentinian Payments Processor, and Visa Argentina had agreed after several months to create an alliance to create new business in the financial marketplace. The changes are about to become reality with the two organisations working
- January 22, 2013
- Base 24, Business, Card Processing, Strategy
Product Managers are responsible for business results
Product managers determine marketing opportunity, relate product development to this opportunity, and then develop marketing approaches that present the product to the consumer or customer effectively and efficiently. They are concerned with revenues, profits, product development strategy, pricing, promotion, and other matters on which senior
- November 1, 2012
- Card Processing, Global Payments Knowledge
In an increasingly congested Payments Market who will come out on top – the Old Guard or the new Young Pups?
Traditional Banks are often seen as slow, cumbersome organisations who can’t manoeuvre quickly because they are saddled with huge legacy systems held together with sticky tape and plaster. They have a largely process oriented workforce, are inefficient and bureaucratic, and operate with a very expensive
- October 15, 2012
- Card Processing, Global Payments Knowledge, Interchange, Payment Research
Consumers hit in the wallet by European Commission’s good intentions
I took a look at some of the reported findings from MasterCard over on Finextra today. Their article titled: MasterCard Research shows that Europeans fear they’ll pick up the tab for lower Interchange Fees makes for a very interesting read, with a hint to why
- October 5, 2012
- Card Processing, EMV, Global Payments Knowledge, Technology
EMV has been cracked, credit card cloning begins OMG – oh hang on maybe not!
The other day I came across this interesting article about cloning EMV cards it makes a number of pretty bold claims including the following: I differentiated pages instead using the EMV Unpredictable Number field – a 32 bit field that’s supposed to be unique to
- October 4, 2012
- Business, Card Processing, Interchange, Payment Research, Strategy
To Err is Human … to Receive Correct Interchange Fees Divine
New products, new channels, massive technological change and all bundled up into two major releases each year by the card schemes, well, as it says in each closing episode of Frasier – ‘What is a boy to do’ Put simply, the ambition to keep interchange
- September 26, 2012
- Card Processing
Is it Time You Revisited the Business Case for EMV?
The business case for implementing EMV technology has changed for the better (in terms of their significance for the bottom line of the business case) over the last couple of years: Direct cost of fraud in the U.S. is definitely on the rise. Additionally, the
- September 19, 2012
- Card Processing, Digital Payments, Global Payments Knowledge, Strategy, Technology
Why it’s cool to be Square now!
Square payments – a device that plugs into an iPhone or iPad and turns it into a credit card terminal. Today this brainchild of Jack Dorsey’s is worth $3.25 billion having raised another $200 million in its fourth round of funding. To put that in
- September 18, 2012
- Card Processing, EMV
Are global traveller’s driving the business case for EMV?
Visa Inc. and MasterCard recently announced plans to accelerate chip migration in the United States by 2015; long overdue some may say. This includes the initial approach of migrating the payment infrastructure over to accept EMV® and NFC technology (contactless). Additionally, most other payment infrastructures