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The ATM channel offers exciting possibilities for banks – if they are astute enough to recognise them and then to take the necessary action. This is the key message found in a new whitepaper released by Efma, a leading non-profit retail banking association, and Clear2Pay, a payments modernisation company. In the whitepaper, which is titled [...]

The post Reinvigorating the ATM channel appeared first on Payments Cards & Mobile.

Now that SEPA direct debits and credit transfers are firmly established in Europe, the European Central Bank (ECB) is aiming to speed up SEPA for cards. In a new report, the ECB says that attention must now be focused on the harmonisation of cards. In 2012 there were around 40 billion card payments in the [...]

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The European Banking Authority (EBA) and other EU supervisory authorities have warned banks to reinforce IT controls and audits on third-party technology providers with relation to operational and IT risk. The Joint Committee of the European Supervisory Authorities (ESAs) says that concerns over the persistence, intensity and sophistication of information technology-related operational risks and cyber risks at financial institutions have [...]

The post EBA warns of IT risk appeared first on Payments Cards & Mobile.

Payment data analytics is presenting significant opportunities for banks to drive additional revenues and enhance their value proposition. Banks are exploring numerous ways to generate real value from their payment data, with card-linked offerings and personal finance management (PFM) services leading the way, according to a report from Efma and Kurt Salmon, Payment innovation: Maximizing [...]

The post The potential of payment data analytics appeared first on Payments Cards & Mobile.

Orange has agreed partnerships with African banks to expand its mobile money services across the region to try to match the popularity of Vodafone’s M-Pesa. The French telecoms group has struck a first deal with Bank of Africa that will allow customers to transfer money between their Orange Money account and their bank account with a mobile [...]

The post Orange partners African banks to extend mobile money services appeared first on Payments Cards & Mobile.