
The Payment Eye Team spoke with Vendorcom Chairman Paul Rodgers at the Thought Leadership Conference at Level 39. This series covers some of the insights to the conference. Join us as we look under the hood of the payments industry, and look at what exactly is going on, and what’s coming next. Subjects discussed during the conference series include geolocation’s place in the payment game, mobile loyalty redemption and the innovators in the payment space.
Vendorcom is a membership organisation representing stakeholders in the cards and payments industry. Membership is open to all vendors of EPoS hardware and software, EFT and payment applications, payment terminals and card acceptance devices as well as card schemes, acquiring banks, retail trade organisations, systems integrators & resellers, qualified security assessors and consultancies.
Its primary purpose is to promote communication, knowledge sharing and best practice, thus enabling payment systems and services providers to offer the most effective and secure payment processing solutions to merchants.During their Thought Leadership conference, subjects covered in the series include geolocation’s place in the payment game, mobile loyalty redemption and the innovators in the payment space.
“The payments industry hasn’t got a clear route map. We are going to have stay very connected in order to work out what the next steps are going to be, whether it is identity, authentication or mobile. There is a lot up for grabs in these spaces. The bottom line is that we work together and collaborate even amongst competitors so that we can deliver better solutions to the merchants that ultimately lead to the customer”, Paul commented.
Stay tuned this week for more videos from the Thought Leadership Conference at Level 39.
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more