Dear Subscriber,

In a guest post Neil Radley, non-executive director of Invapay, explores how to overcome ‘Fear, Uncertainty and Doubt’ to change the payment paradigm for the better. Across the pond, it seems that our cousins have overcome their fear of mobile banking as for the first time, more people in the US chose to do their weekly banking on mobile phones than those who preferred to bank in a branch. Elsewhere, we look at the rising trend of faster checkout services such as Visa Checkout and the increasing popularity of contactless payments not only in London’s transport network but also across the whole country. Finally, the FInTech Innovation Awards longlist has been revealed – have you made it?

In this guest post Neil Radley, non-executive director of Invapay, explores how to overcome ‘Fear, Uncertainty and Doubt’ to change the payment paradigm for the better.

Whittled from a record number of applications, including a number of international submissions, the Fintech Innovation Awards longlist has been revealed.

PayPal is working with TfL to roll out mandatory contactless and card payments in London’s Black Cabs, whilst The UK Cards Association has published its framework for contactless travel. Both showing that it’s building up to be an interesting year for payments within the transport industry.

Visa has published new data concerning its faster payment checkout service, Visa Checkout. With e-commerce growing at four times – and mobile commerce growing at eight times – the rate of traditional commerce, the payments giant said that more and more consumers are looking for a seamless payment experience.

For the first time, more people in the US chose to do their weekly banking on mobile phones than those who preferred to bank in a branch, according to research from Javelin Strategy & Research.