Tag archive: payments

Why 2017 will be the year of turning points

Major developments, promising new technologies and sometimes a lack of clarity; 2016 has been an exciting year for the financial world. PSD2, instant payments, mobile payments and blockchain were the talk of finance town. But which of these technologies and developments will have the biggest impact in 2017? This is what several influencers have to […]

‘Contactless’ is stuck in elderly land

We can buy our groceries, movie tickets and a cup of coffee with just a simple slide of our bank card or a single touch on our smartphone. But even though this ‘new’ payment systems were introduced years ago, a recent survey of Future Thinking shows a lack of trust. If ‘contactless’ wants to grow, […]

The payments industry needs to close the gap between user experience and payment options

Even if you’re number one, you have to think like number two. Market leaders simply can’t stop and enjoy their lead, because the competition is keen to take their spot at the top. This also applies to companies in the payments industry: market leaders must continue to innovate in order to maintain the largest market […]

European Union Regulatory Initiatives Impacting the Security of Euro Payments: the 2015 Outlook

This is a guest bog post from Javier Santamaría, Chair of the European Payments Council (EPC). Regulatory action rolling out in 2015 will determine the foreseeable future with regard to the security of payments in Europe. The European Commission published its proposal for the revised Payment Services Directive (PSD2) on 24 July 2013. This draft […]

Speed is key in the race to biometrics payments

If there is one good reason why biometric payments are on the verge of a breakthrough, it would be ‘speed’. We are used to take our credit or debit card at a point of sale, swipe it and enter a code. Mobile payments are becoming more popular, but this too requires several steps to complete […]

Cash and debit cards continue to beat out new payment methods across Europe

A recent report published by research company Harris Interactive reveals that cash payments remain as popular as ever in France, Germany, Italy and Poland, with new payment methods being slow to catch on. French consumers on the whole, however, favour debit cards and credit cards over cash to pay for purchases. How do these preferences […]

Will physical payments soon be history?

  Apple Pay and Sixdots; these are only two out of several solutions that make it possible to pay for purchases without using physical money or a card. As smartphones are getting more mainstream, more payment solutions via apps arise and these solutions are getting more popular everyday. As we already wrote in an earlier […]

W3C introduces web payments initiative

The World Wide Web standards organisation (W3C) is about to start a new initiative to integrate payments seamlessly into the Open Web Platform. The organisation brings together banks, retailers, governments and tech firms in an effort to develop standards for payments on the open web. There is a significant need for a standard like this, […]

Why the UK does not lead in mobile innovation

There is no reason why mobile payments should stick to borders. Think of it, consumers in the US have access to the same online products and services, mobile devices and mobile payment providers as people in China or Brazil do. Still, it seems to take time for differences between countries to vanish. For example, the […]

Payments 3.0: making the transition

The fast growth of e- and m-commerce is causing a fundamental change in the payments industry. Because the end-user is now the primary focus, payment transactions in themselves are becoming a ‘secondary priority’. Convenience and ease-of-use are the ultimate goal. This has led to a change in the traditional business model for the payments industry, […]