Getting ‘back to core business’

Getting ‘back to core business’

Over the last 4 years we have seen the payments industry in “disruptive change”. Well established organisations have all been challenged by alternative players and all are moving through change cycle stages with varying degrees of speed and success.

What appears to be most interesting now is that several of the established players are reaching a new place. The conclusion they are reaching is that the new player threats, the ones they have been pre-occupied with for the last couple of years, are not actually going to materially succeed in anything like the “flash fast” change period predicted.

Leading established businesses seem to have got past the threat pre-occupation phase and are now re-energising their core businesses and accelerating from the pack, leaving their “less leading traditional” competitors (still thinking) and the new-entrants (who continue to push hard) behind them.

For more on this topic why not read our blog. Or catch up with the PayX team in person at one of the conferences we attend. Next week we will be at Cartes in Paris. Come and have a chat with us or ask us about our new edition Acquiring and Switching Vendor Comparison Report. 

EMVCo Announces Latest Additions to its Associate Programme

31 October 2012 – The EMVCo Associate Programme continues to gain momentum as migration to EMV® chip technology steadily increases globally. EMVCo, the EMV standards body jointly owned by American Express, JCB, MasterCard and Visa, has welcomed eight new members to the programme since the beginning of the year.
The aim of the EMVCo Associates Programme is to encourage all payment stakeholders to play a more active role in guiding the strategic technical direction of the EMV standard, and contribute to the evolution of the advancing global payments landscap.

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Diebold Indefinitely Suspends Plans For New World Headquarters

25 October 2012 – Diebold, Incorporated (NYSE:DBD) is suspending indefinitely its plans to construct a new global headquarters facility.  The company is instead focusing its resources and strategic direction on generating long-term, sustainable growth, using its assets to capitalize on acquisitive opportunities and invest in technologies and services that will help grow the business

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Crédit Mutuel-CIC and Ingenico showcase the first standard card payment solution ready for SEPA

30 October 2012 – Ingenico (Euronext: FR0000125346 ‐ ING leading worldwide provider of payment solutions and the Crédit Mutuel-CIC group today announce the successful demonstration of their live common card payment solution based on SEPA standards during the EPASOrg annual conference in Rome, on October 18 2012. This is the first time that a live solution using future SEPA standards, based on a single EMV payment application (SEPA-FAST) and an open and universal card payment protocol (EPASOrg-EPAS ISO 20022 Acquirer protocol) was demonstrated publicly in the world

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payleven accepts registrations for innovative Chip & PIN solution

23 October 2012 – payleven, Europe’s mobile payments pioneer, has announced that merchants can register for the introduction of payleven’s new and innovative Chip & PIN mobile payment technology. As the first pan-European mobile payments company, payleven offers merchants the ability to accept all major debit and credit cards using a smartphone or tablet – anytime, anywhere. In Germany and England payleven is also lowering the cost per transaction to 2.75%. This makes payleven not only the most technologically advanced mobile payment provider, but also one of the most price competitive card payment services.

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WorldPay and UATP partner to offer industry preferred payment choice

25 October – WorldPay, the global leader in payment processing, risk and alternative payments and UATP, the low cost payment network owned by airlines, have today announced a partnership to enable airline and travel merchants to access UATP through WorldPay. The partnership is significant for airline and travel agency merchants that utilise the WorldPay gateway as they will now be able to grow their corporate client business by offering UATP as a form of payment. It also provides new and existing UATP customers with access to an integrated payment gateway, with over 200+ alternative payment types.

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Consumers hit in the wallet by European Commission’s good intentions

15 October 2012 – 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 the research was carried out here

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New Euro rules expose businesses to €20 billion payment bill

4 October 2012 — European businesses risk losing billions of Euros as a result of failure to tackle simple payment errors according to a new report from Experian®, the global information services company. The move to a single SEPA payment system – designed to simplify and streamline processing operations for domestic and international payments – will expose out-of-date account data and other errors that were previously overcome through a patchwork of locally implemented fixes

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Gartner Says Banks Should be Banking on APIs and Apps, Not Applications

30 October 2012 – Current application portfolios are preventing banks from making the transformation they need to re-engage with customers and stakeholders, according to Gartner, Inc. Gartner said that apps, not applications, enable a new style of engagement with customers — one that is focused on providing needs-based and context-aware servics

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World first for Belgium: Banca Monte Paschi Belgio and MasterCard launch the first payment card combining debit, credit, display screen and contactless payment facilities

23 October 2012 – On Monday, 5 November, Banca Monte Paschi Belgio and MasterCard will launch the “PaschiCombo” card in Belgium. A genuine technology powerhouse, this payment card is the first in the world to combine so many functionalities and innovative features. A Maestro® debit card on one side and MasterCard® credit card on the other, the PaschiCombo card also has a display screen that replaces the holder’s card-reader for securing transactions online. Finally, the card also features the PayPass™ functionality to enable contactless payments.

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Numbers of ATMs in India to double by 2016 – Celent

9 October 2012 – In the report, The Indian ATM Industry: Gearing Up for the Next Phase of Growth, Celent studies the latest forces shaping the Indian ATM landscape and how the industry is meeting those challenges. The ATM industry has been a focus of recent discussion in India. Several forces are driving the heightened importance of ATMs. The biggest push has come from India’s central bank and banking regulator, the Reserve Bank of India (RBI).

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EMV has been cracked, credit card cloning begins OMG – oh hang on maybe not!

5 October 2012 – 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 each transaction. I soon got muddled up… it turned out that the unpredictable numbers… well… weren’t. Each shared 17 bits in common and the remaining 15 looked at first glance like a counter”. Well as I said an interesting read, and I hate to say it but I still sit on the side of the “don’t believe their claims”.

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RBS Statement on disposal of UK Branch-based Business

12th October 2012 – The Royal Bank of Scotland Group (“RBS”) has received notification from Santander UK that it will be pulling out of its agreed purchase of certain UK branch-based businesses (“the business”). The business includes 316 branches, broadly comprising the RBS branch business in England and Wales, and the NatWest branch business in Scotland, along with certain SME and corporate activities across the UK. The sale of the business was mandated by the European Commission in 2009 as a condition of its approval of state aid provided to RBS as part of the recapitalisation by the UK Government. Santander agreed to the purchase in August 2010.

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

29 October 2012 – 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 in three Brits now carry less than a fiver in cash, a study has revealed. More than one in five (21%) Brits are convinced physical money will disappear over the next 20 years, according to research released today as part of Skrill’s Future of Money campaign.

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PayPal is not a mobile wallet company

12 October 2012 – I’m turning 40 this year, which means that I remember the birth of shopping on the Web. I remember thinking how cool it was that I could buy something with just a few clicks on my PC and the squeaky sounds of my dial up modem and then it arrived on my door step just a few days later. What we find simple today – was simply not possible 20 years ago and PayPal had a lot to do with creating the commerce industry online. We solved a real customer problem – how to send money over the Internet – and we grew at an amazing rate because of that.

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France Continues To Be A Hub For Payments Innovation – Pymnts.com

Shoppers at the V2 mall in Villeneuve d’Ascq, France, will be able to make purchases simply by taping their finger on a biometric POS terminal. Customers will be equipped with a card with a special cover that communicates with the terminal wirelessly, to confirm that the customer’s fingerprints are the same registered under that card and bank account. While the card is necessary, it can remain in the shopper’s pocket and is simply there to confirm their identity. This ensures that none of the customer’s date is stocked anywhere but in their card.

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