PaymentsRSS

Western Union: Expanding on all fronts

Alvisini: compliance is a key asset

As the global payments markets changes, Western Union has plans to change with it. Massimiliano Alvisini, regional director UK, Ireland & Nordics explains how and why.

More than a third of euro transactions lack accurate SEPA data

New research from Experian shows that “only 65% of euro transactions have fully accurate destination routing data and 12% of electronic payments made to and from businesses in euros currently contain data errors”.

Riding the payments roller-coaster

The payments infrastructure is a "competitive edge for banks".

UK banks are still in “a difficult place” as they face economic uncertainty, increased cost and competitive pressures, complex regulations and rapid technological changes – but the changes that are happening in the payments industry offer scope for them to reclaim the initiative and deploy innovative solutions.

CGI in mobile alliance with Monitise

Lukies

CGI, which recently acquired UK software house Logica, has formed a partnership with mobile banking and payment specialist Monetise to offer joint services for banking and payments companies using the Monitise platform.

VocaLink boosts strategy and business development with new trio

VocaLink, the international payment provider, has made three senior appointments in its strategy & business development division. Nick Millar joins as strategy and customer insight director, Jim Wadsworth as product development director and Phil Harrison as commercial director, alternative payments.

Payments Council pushes mobile payments back another year

A year's delay is the price of getting ubiquity for mobile payment services

The UK Payments Council has announced that the introduction of its planned Mobile Payments Service has been pushed back until “spring 2014” – a year after its previously expected introduction, and two years after Barclays broke from the rest of the UK banks and launched its Pingit service. The delay comes despite commitments from financial […]

Mobile banking to hit 1 billion users by 2017

Bhas: mobile banking will become indispensable

As uptake of mobile banking services is predicted to reach 1 billion by 2017, banks are starting to view the mobile channel as an indispensable revenue stream, according to Nitin Bhas, senior analyst at telecoms research firm Juniper Research.

Tough year ahead for NFC as retail payments diversify

Celent: NFC will struggle in 2013

NFC technology advocates face continued disappointment in 2013 as it is likely to be overshadowed by other developments in retail payments, according to a new report by financial research firm Celent.

Leading with remittances – a new retail banking segment

Remittances have accounted for 3-4% of Indian GDP since 2000

The remit of the World Bank and the Gates Foundation is to focus on flows of money to developing economies, so much of the publicity is about those and as a result, much of what we understand about remittances is about those markets. And they are not to be underestimated.

CIBC promotes NFC payments via BlackBerry

CIBC is hoping to boost uptake of NFC

Canada’s CIBC bank has launched a novel promotion aimed at increasing uptake of NFC technology for mobile payments.

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