Mainframes – the Unsung Heroes of Payments

I came across an article the other day on a Mainframe Site by Marcel den Hartog called ‘Why do mainframe applications run FOREVER?!?’ I feel it is worth sharing with all those young guns out there. To quote Mr den Hartog “We simply don’t make

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Faster Payments Goes Global

Well maybe a slightly exaggerated title, but I was personally delighted and professionally intrigued to see that VOCALINK are preparing to deliver their Faster Payments technology in Singapore and are part of a consortium proposing to deliver the technology in Australia. Personally delighted because, as

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So King Cash has now been deposed – Where now for ATMS?

With an amazing synchronicity following  my recent Webinar, where a discussion on ATM migration had also consider if cash was now not the payment method of choice – a press release ‘Is cash dying in Britain?’ was issued. This press release from Skrill states: ‘One

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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

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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

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Another acquisition in the world of payments – ACI adds Distra to its portfolio

ACI Worldwide today announced that they have acquired Australia based payments software provider Distra Pty Ltd for a sum of USD $48.75 million in cash. This is ACI’s second big acquisition in the market this year after completing a deal with S1 Corporation back in

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Has the disruptive change created a perfect storm for Processors?

In our estimation there are somewhere in the region of 700 banks looking to change their payments infrastructure. This change has been driven by the M&A activity of banks, processors and payments vendors, leading payments solutions attracting “maturity” status and the pace of innovation within

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The challengers have arrived

For the last 30 years the payments acquiring market has been dominated by three products: BASE24, Postilion and Connex and the suppliers behind them (ACI, S1 and FIS). However the times are changing and for these vendors is it tanks on the lawn time? Following

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Mobile Commerce: Mass Usage Around the Corner?

This year’s iconic Mobile World Congress event in Barcelona, not only had the usual device releases but more significantly it had for the first time a wave of major mobile payments announcements. Probably the most active organisation was Visa, announcing key deals with Orange, Intel

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True Partnerships Gaining Momentum in the Payments Industry

Recent news reinforces that the Payments Industry is continuing towards a full blown disruption change cycle. Within this cycle massive opportunities abound, rule books are rewritten and unfortunately a trail of casualties are left by those who didn’t adapt quickly. Refreshingly this month, several leading

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