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The changing face of UK payments – Mobile payments and the rise of data
The UK Payments industry, along with the rest of Europe, is facing a raft of challenges in the near future, from the proliferation of alternative payment channels, increasingly demanding merchant end-user consumer expectations and the imminent implementation of open data regulatory standards set to unleash competition from FinTech upstarts. Mobile Four out of five UK [...]
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Fight over EBA’s recommendation on Screen Scraping hots up as banks up the ante
Just days after a coalition of 56 FinTech vendors lobbied the European Banking Authority in a strongly worded petition regarding the practice of Screen Scraping, The European Banking Federation (EBF) is asking the European Commission (EC) for its help on a Screen Scraping ban due to concerns over the privacy of client data, cyber security and innovation. The [...]
The post Fight over EBA’s recommendation on Screen Scraping hots up as banks up the ante appeared first on Payments Cards & Mobile.
PSD2 access to accounts: A huge hidden revenue opportunity for banks
There is a widely-held belief in the banking industry that PSD2 access to accounts (XS2A) has to be provided for free. This is not true. Sure, Europe’s banks must grant customer-permitted Payment Initiation Service Providers (PISPs) and Account Information Service Providers (AISPs) access to their bank accounts and financial data, but crucially, PSD2 says nothing [...]
The post PSD2 access to accounts: A huge hidden revenue opportunity for banks appeared first on Payments Cards & Mobile.
Global P2P mobile payments value set to grow by 40% in 2017
The value of global P2P mobile payments is set to increase 40% to $540 billion by end-2017, Juniper Research forecast. Growth in the segment is predicted alongside a trend of increasing popularity of digital payment methods. The UK-based analyst company predicted the value of digital payments across the world would reach $3.9 trillion in 2017, an increase [...]
The post Global P2P mobile payments value set to grow by 40% in 2017 appeared first on Payments Cards & Mobile.
Right finger forward: Why consumer technologies are driving biometric banking
When Apple and Samsung released new devices with fingerprint sensor technology, biometrics suddenly went mainstream and, as consumers, we’ve quickly become familiar with the technology. Fingerprint recognition has long been used as a means of identification but it has been given a 21st century boost in recent years with the launch of a new generation [...]
The post Right finger forward: Why consumer technologies are driving biometric banking appeared first on Payments Cards & Mobile.
