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

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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

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The Casino of the Payments Marketplace

The Payments marketplace continues to consolidate with acquisitions and strategic partnerships, and at the same time attract masses of new innovative players with the next “silver bullet” solutions/models. With low Interest Rates around the world making money cheap, so rising investments are plentiful. This month’s

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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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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

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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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Mobile payments taking the UK by storm

The UK is seeing something of a boom in mobile payments of late. Recently Barclays launched its Pingit smartphone app that lets UK users transfer up to £750 a day to family, friends and small businesses. With nearly half a million downloads its success surprised

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World migration to EMV in 5, 10, 15 years and still counting

On the 1st May 1997 the first EMV transactions in the world were performed in Basildon, UK. The project team, including some PayX people, basked in success and predicted the world would be complete in 5 years. 15 years later and it is still only

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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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