COVID-19 and the impact on digital payments
Two new reports consider the effect that the pandemic is having on cash and payments behaviour.
Card Payments at POS
Background
The use of payment cards is growing faster worldwide than any other major payment system. In many developed countries, by value, payment cards are used for the majority of payments at point of sale…
Read more
Payments Update: Rows and new technologies drive the industry forward
Payment card rows continue; new technologies and processes are used to fight COVID-19
Card companies build on initial COVID-19 response
Mastercard and American Express have come out with new initiatives in the past week.
CTMcast - 19 March 2020: Review of key recent posts and more on Coronavirus crisis
Jack and Ben reviewed last week’s stories and the current COVID-19 crisis
CTMblog: Coronavirus realities? SCA adoption; GRC; Investing today
How bad will Coronavirus really be; SCA adoption; GRC programmes; Collection letters; Investing in long term; Time for outsourcing?
MultiSafepay and “Request to Pay”: open banking comes of age
MultiSafepay piloting Deutsche Bank’s Request to Pay solution, a first step in creation of a pan-European scheme for online payments.
Taking the paying out of life and business
Payment systems disappear as services and ecosystems takeover
Santander Group agrees to acquire merchant services company Elavon México
The group will provide acquiring and payment services to merchants, enabled by its global merchant platform.
CTMcast - 13 February 2020 : Review of key recent posts
Jack and Ben were joined on this CTMcast by Bruce Lynn, Managing Partner, The Financial Executives Consulting Group
Minimising card system costs: don’t accept charging structures and fight for alternatives
BRC/UK retailers, the authorities in Australia and NatWest Payit service show how
Mastercard gets approval for domestic operations in China
The company's joint venture with NetsUnion puts it one step closer to domestic bankcard clearing in-country.
Barclays extends Visa partnership
The European agreement is designed to drive innovation and support Barclays’ growth into new markets.
Visa USA changes interchange fee structure to encourage usage; overall rates go up
Retailers and authorities can fight these changes by migrating usage to other local ACH systems
Cashless transactions exceed cash in Russia for the first time
Share of cashless turnover in 4Q19 is 50.4%, according to Sberbank analysts.
Payment Update: new KPIs and technologies for improved business model
First measure payment performance and then use the new technologies for new ways of doing business
Extinction of plastic cards on the horizon
Part II of a Deutsche Bank Future of Payments report says that plastic cards have the most to lose from a growth in digital payments.
Mastercard and Doconomy extend sustainability collaboration
S&P Global joins the effort to power a global platform available to all issuers.
NO-cash is a NO-NO
Cash is still needed and in many countries doubled in last decade; DieboldNixdorf report shows strategic options
How to attract the huge Chinese tourist spending worldwide
Credorax white paper shows how Chinese payment methods are bridging the gap between east and west
Payment update: Two critical drivers in payment systems development
Personal experience, + exploiting technology and partnerships are ensuring the revolution continues
Apple Pay launched to NatWest business customers
The move adds Apple Pay to 1 million business customers in the UK.
Continued growth in China cements UnionPay as the world’s largest card scheme; Visa biggest global
Government-backed financial inclusion programmes driving growth, but UnionPay only represents 1% of cards if China cards excluded
NatWest lays claim to first UK bank-issued biometric credit card
The biometric fingerprint credit cards enter circulation with 150 customers taking part in the pilot.
Concardis launches card acceptance platform for merchants
The digital product is targeted at SMEs in the DACH region.