In this guest post, Lee Britton, commercial director of Prepaid Financial Services, contrasts the fortunes of fintech startups that choose to scale with the backing of major banks with those that opt to go it alone.
Numerous UK financial organisations are seeking alternative arrangements following the US government’s decision to ban payments processor PacNet Services Ltd and freeze its owners’ assets.
In the constantly changing world of commerce, innovation is not a fad but a necessity to address new consumer behaviours and purchasing experiences resulting from globalization and new technologies. It is required to continue to help merchants adapt to changing interactions with their customers, whatever the channel or service.
The exponential growth of online commerce and the corresponding explosion of payment technology have led to a fragmented market, making way for development of solutions for every need on the global market. However, while this evolution makes for a sophisticated payment ecosystem, there are still several barriers to overcome, says Christoph Tutsch, founder and CEO of ONPEX.
The European Banking Authority (EBA) has published the long-awaited draft of the Regulatory Technical Standards (RTS) covering Secure Customer Authentication (SCA) and secure communication. Tom Hay, head of payments at Icon Solutions shares his thoughts on whether they will be effective.
Data is money; in more ways than one. Merchants are collecting customer data to develop omni-channel strategies, inform marketing and unlock new revenues. That data is also of value to more unscrupulous types too.
As a retailer, reducing the friction associated with payment as much as possible is crucial for maximising revenue. In this white paper, Verifone explains how adopting an mPOS solution can maximise the revenue potential of bricks-and-mortar stores.
The recent hypothesis that creating economic growth and investment opportunities in many parts of the world is, according to some governments, the responsibility of business – in particular small and medium sized companies (SMEs).
In this guest comment, Tom Hay, head of Payments at Icon Solutions, explores the opportunity for banks to use the clearXchange system as the 'special weapon' against fintech companies such as TransferWise and PayPal's Venmo.
In this guest post Marie-Louise Dalton, Marketing Director EMEA at Connexity, a tech-driven market research company, discusses the findings of the company's recent research about the preferred payments methods of younger shoppers.
