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…
According to a recent Gartner Press Release “The Top 10 Strategic Technology Trends for 2013” we are in the middle of a race to the unknown future of payments applications. There is no clear goal, no clear steps and the most important insufficient people. Therefore all processors, switches and institutions are walking the cost cutting path…
Traditional Banks are often seen as slow, cumbersome organisations who can’t manoeuvre quickly because they are saddled with huge legacy systems held together with sticky tape and plaster. They have a largely process oriented workforce, are inefficient and bureaucratic, and operate with a very expensive cost base. Conversely, the new Commercial payments organisations however, especially…
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 industry needs to fully acknowledge that cost of fraud is…
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 the payments market. Processors capable of delivering a lower risk…
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 the impacts of M&A activity, product maturity decisions and the…
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 Tax contributions was 40% versus Barclays UK Retail Banking at…
M&A‘s, consolidation and technology change in just the past 2 years has left many quandaries and few definitive answers. The realisation is now quickly spreading worldwide that there is high risk and big spends coming for many of what was regarded as stable card businesses – all resulting in mass change in parallel over the…