- September 13, 2012
- Vendors
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
- August 29, 2012
- Card Processing, Digital Payments, Global Payments Knowledge, Strategy
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
- August 9, 2012
- Newsletter
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
- July 31, 2012
- Card Processing, Technology, Vendors
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
- July 26, 2012
- Card Processing, Strategy, Vendors
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
- July 4, 2012
- Newsletter
You’re in the news – with success or failure, your choice!
The UK banking market unfortunately hit the front pages again with an RBS core systems failure impacting millions of customers. As Banks try to “deliver more with less” we are seeing more of these events around the world. As consolidation of banks continues combined with
- May 23, 2012
- Card Processing
Card Terminals: A thing of the past?
We’ve talked about mobile commerce and how new ways to pay would have an effect on cards, but maybe the biggest shift we will see in the near term is mobile phones taking on the role of the payment terminal. Following the success of Square
- April 16, 2012
- Card Processing
Is it “The End of Cards” or “The Future of Cards”?
It is very easy to say that the Alternative Payments Methods; Mobile, Square, iZettle, e-Commerce, Cloud Wallets etc., are approaching mass and will “replace” cards in the future. Appropriate historical analogies could be: “Cards are the end of Cash” – a statement recurring for about
- March 5, 2012
- Digital Payments, Global Payments Knowledge, Payment Research, Strategy, Technology
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
- January 30, 2012
- Global Payments Knowledge, Strategy, Technology
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