UK: Cash retains its crown while contactless card usage is booming and limit increased
by Kylene Casanova
Cash is not being replaced by contactless payments, rather traditional debit and credit card transactions are moving to contactless
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 morePayment card acceptance is growing worldwide as terminals deployed in new areas
by Kylene Casanova
RBR report shows that Discover merchant network almost as big as VISA’s and MasterCard’s. Time to start accepting other cards?
Why integrating mobile payments is a must for corporates
by Kylene Casanova
As the number of mobile banking users is set to double in the next four years, financial professionals should consider these 10 points to improve the efficiency and integration of corporate payments.
‘The Future of Payments’ - How payments in the UK will evolve in the coming years
by Kylene Casanova
Consult Hyperion report highlights importance of mobile payments and contactless, how Bitcoin will NOT have a significant role in the UK, AND how extra information/payment is vital
Debit card usage is booming in USA with interchange at 24-40¢/transaction
by Kylene Casanova
Debit is Americans’ preferred payment method with typical debit card being used 21 times per month at POS, a 32% increase in usage over the past decade
Reliance on bank notes growing(again) due to savers’ financial instability fears
by Kylene Casanova
Overall cash usage continues to decline as consumers usage of mobile and other methods grow, but decline is slowing. Will cash make a comeback?
Overcharging on interchange fees is catching up with Visa and MasterCard
by Kylene Casanova
MasterCard pays out $61 million to settle with UK’s Tesco and suits from many other retailers to follow plus interchange fee caps are set to come into force by year end
Card-Not-Present and cross-border card fraud in Europe is rising
by Kylene Casanova
Card fraud is still a lucrative source for criminals in Europe
US merchant card processing fees rising and also many merchant not ready for EMV
by Kylene Casanova
General purpose and private label credit, debit, and prepaid cards cost on average 1.51%
Has Bitcoin, the universal Crypto currency, finally gone main stream?
by Kylene Casanova
NO, not really, but here are some interesting stats
Ecobank and MasterCard extend payment card coverage to 32 sub-sahara countries
by Kylene Casanova
New agreement aims at accelerating adoption of electronic payments across Sub Saharan Africa over the next 10 years, but needs link to mobile phone payment services to reach most of population
Apple Pay is coming to the UK, but it is not necessarily good news for retailers
by Kylene Casanova
Higher security and faster transactions could increase your costs
French Finance Minister to scrap minimum card payments limit
by Kylene Casanova
Only advalorum rate will remain and plans a new independent price comparison site for banking fees
UnionPay expand card acceptance to 148+ countries. Is UP now 3rd essential card?
by Kylene Casanova
Collect payments from Chinese visitors who prefer to use their own UnionPay cards, and in 30 countries from locally issued UnionPay cards
BofA Merrill demonstrate continued commitment to payment card services
by Kylene Casanova
Global Card Capabilities for corporates and Public Sector clients expanded with expanded footprint, enhanced delivery capabilities, new B2B and technology solutions
China ends UnionPay card clearing monopoly as card payment card market freed up
by Kylene Casanova
US companies no longer discriminated against in China. Amex, MasterCard and VISA will now invest heavily
Global non-cash payments forecast to grow by nearly ten percent reveals World Payments Report 2014
by Kylene Casanova
Report shows that e- and m-payments are converging and changing the payments playing field, AND that the industry is struggling to meet consumer demand
FUTURE OF PAYMENT SYSTEMS: New POS registers will cover Bitcoin, etc.
by Kylene Casanova
Square is making a register that will takes Bitcoin and Apple Pay, so retailers will never miss a sale
Macy’s show delivery of omni-channel buying experience with integrated payments
by Kylene Casanova
BNY Mellon’s ‘Global Payments 2020’ report misses the point: Payments are not just about transformation and convergence they are about the whole sales and purchasing experience
How to cut your payment card collection costs in Europe
by Kylene Casanova
Understand the opportunities opening up as a result of the new cross border acquiring regulations
New EC card regulation: major opportunity for cutting payment card acquiring costs
by Kylene Casanova
No need to wait for two years before new interchange caps of 0.2% debit and 0.3% credit apply? Acquiring market is in disarray about how to handle new rules on Cross Border Acquiring
Global use of payment cards in 2013 - there were more than 200 bn card payments
by Kylene Casanova
RBR survey shows that debit cards dominate and Union Pay card is the biggest card scheme world-wide
What to consider when tackling the European payments landscape
by Kylene Casanova
BAML survey reveals what US corporates feel are the important features in Europe payments market. Considerations also apply globally
Cash is most expensive Aite survey reports, but this is NOT true BRC annual survey shows
by Kylene Casanova
UK’s British Retail Consortium estimate that cash is by far cheapest costing just 43% of debit card, and 14% of credit cards