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Finland launches first real-time mobile payments platform
Automatia says it has launched Finland’s first real-time mobile payments platform based on a multi-banking platform, named Siirto. Tieto has designed and implemented the service. Siirto is an open payment platform which follows the new regulations set by EU’s Payment Service Directive (PSD2), paving the way for new innovations and payment solutions within the financial [...]
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20% of smartphone users use proximity mobile payments
Despite double-digit growth this year and next, Americans’ use of proximity mobile payments wallets like Apple Pay, Android Pay and Samsung Pay, as well as branded apps that include mobile wallets like the Starbucks app, Walmart Pay and CVS Pay, will not reach mass adoption in the foreseeable future. This year, 38.4 million Americans 14 [...]
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The growing phenomenon of default payments for digital transactions
In a new report, Default payment methods, by Deloitte, it notes how consumers pay for things has always kept pace with new technologies. But the recent growth of digital commerce is transforming consumer payments like never before. In particular, a consumer behavior dynamic called “default payments”—payments made with credit card, debit card, and bank account details [...]
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PSD2: Opportunities and Risk from the latest regulation – Webinar
PSD2: Opportunities and Risk from the latest regulation – is an important set of webinars organised by PCM including expert knowledge from PSE Consulting and NCR. The Webinars are to be held in early December and are broke down into two parts: PSD2: Opportunities – Understanding the new Payment Services Directive (PSD2) regulation and the [...]
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Millennials waiting for digital payments ‘uber moment’
It is no secret that millennials have been heralded as the generation which holds the key to the success or failure of digital payments innovation, often embracing new solutions en masse or rejecting them at pace. Research by VocaLink, one year in its making, reveals that the latest technology being developed in the payments sector [...]
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