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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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

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Disruptive Change in the Payments Industry

For many years the payments industry has been largely stable and predictable; today the industry is changing at a pace never seen before. Historically industries such as Telecoms and Automotive have experienced very similar change described as “The Disruptive Change Cycle”. Essentially the dynamics of

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Creating a Payments Infrastructure ‘Fit for Purpose’ readied to underpin Business Revolution

Continuing on from our last post, the mass industry disruption is causing world-leading banks to consider the challenges that face them in this ever changing payments arena. Fundamental questions are being asked in relation to customer retention, innovative service provision and creation of a more

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Implementing your next 10 year Payments Roadmap; Effectively and Now.

We all know the world is changing rapidly and significantly. Almost all of us have a deep sense of eventual threat with a belief that if we don‘t adapt accordingly, at some point, then we will be disadvantaged. PayX concurs; to a level we built

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Each regional market worldwide is actively transforming, so where does it all end up?

All aspects of Payments are in transition; traditional business models questioned by governments/regulators, innovative players with new payment channels/technologies reaching mass and heading for the more traditional business segments, infrastructures underpinning many card processing businesses for decades needing mass change, and mergers and acquisitions gain

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It seems 2010 is yet another year where more is being achieved during summer than in the previous year

While some activity certainly slowed due to normal vacations, it seems 2010 is yet another year where more is being achieved during summer than in the previous year. The apparent theme that seems to be emerging from the news during this period suggests: ―Are the

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We are now half way through 2010

And we are delighted to say many of PayX‘s previous market predictions have come true: Some Banks have confirmed that the Card Business has overtaken the Retail Bank Business, e.g. In a recent Barclays Global Retail Banking investor seminar that in 2009 Barclaycard‘s Profit Before

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