Working for PayX places me firmly within the payments industry, but as someone who works in digital marketing I don’t personally possess a great knowledge of the actual workings behind payments technology. But thanks to all the recent innovation – I don’t need to! As a member of the general public I too watch with…
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…
Square payments – a device that plugs into an iPhone or iPad and turns it into a credit card terminal. Today this brainchild of Jack Dorsey’s is worth $3.25 billion having raised another $200 million in its fourth round of funding. To put that in to perspective Square is worth more than Hiscox ($3.1bn) the…
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 in the US (processing $5bn p.a.) and iZettle in Europe…
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 40 years, or even the “Chip is the end of…
There has been a considerable acceleration of change within the mobile market space where both the NFC enabled players (Google Wallet) and non NFC Players (PayPal / Square / I Zettle) continue to create the new flight path whilst the schemes, banks and processors play catch up. Banks are only now beginning to publish their…