- July 20, 2015
- Global Payments Knowledge
Payments History helps chart the Future
Innovation in payments may seem like a new thing that has been facilitated by the emergence of new technologies, but there is a long established history of businesses finding new ways to encourage customers to spend with them. The first merchant specific credit vouchers
- October 31, 2012
- Interchange
Is it a complex world we live in ….. or is it a simple world made complex?
So a man walks into a shop and says to the shopkeeper “I’d like to buy that electric drill in your window and pay with my MasterCard”. “Certainly Sir”, the shopkeeper replies and starts to pack the goods. “Actually”, the customer says, “I’ve changed my
- 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