Straight from Harvard… PayX International recently was involved in the Innovation Project 2016 held at the Memorial Hall, Harvard University, in association with PYMNTS.com. The surroundings and architecture were magnificent and one marvels at the history and discussions and debates that must have taken place within those hallowed halls. The opulence reminds us of…
Recently, three of the world’s biggest financial services firms—Mastercard, Visa and Citi—have promised to ditch their insular approach and open up their platforms to partners. APIs in Payments has become the forefront of Bank strategies to not only retain but grow market share, grow traction and loyalty, and get back to a value-add growth path…
Our regular round up of the latest news in the Payments Industry. If you would like to receive our newsletter straight to your inbox, you can subscribe here Top Stories Visa and MasterCard Support Common Solutions to Enable U.S. Chip Debit Routing North American financial institutions will spend $73.8 billion on IT in…
My kids gave me a new Union Jack wallet for Christmas, forcing me to answer the question in Capital One’s old adverts, “What’s in your wallet?” Capital One credit card (the advert worked!), personal debit card, business debit card, supermarket credit card, 2nd debit card, supermarket loyalty card, petrol loyalty card, 2nd supermarket loyalty card,…
If MasterCard’s analysis, published in their Insights paper 1Q2007, of the effects and outcomes of the RBA (Reserve Bank of Australia) intervention into Interchange Fees (ICFs) back in 2002 is to be taken at face value then the prospects for European consumers using payment cards, if MasterCard Europe’s final appeal of the 2007 EC decision…
It is becoming increasingly obvious to me that the Global and Regional card payment processing organisations have their sights set, if not on world or territorial domination, certainly on ever increasing size and scale. Where organic growth fails to deliver to aspirations, smaller operations are routinely acquired. Assuming this trend continues, and there is nothing…
Both of the international card schemes Visa and MasterCard, include in their impressive array of member fee tariffs an assessment fee for Issuers that breach a percentage threshold of authorisation referral responses to authorisation requests received. The percentage is 0.5% but that is incidental. Both card schemes are, of course, fiercely protective of their brand…
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…
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 mind, I think I’ll pay in cash”. “Oh, I’m so…
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…