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OSPT Alliance launches CIPURSE training program with FIME
Global technical association, OSPT Alliance has collaborated with FIME to develop and launch a technical training program. It will educate security, ID, payment, access control and transport players on the benefits of the CIPURSE open standard for new implementations and existing systems. FIME is now the only training center accredited by OSPT Alliance to support [...]
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Cloud scalability seduces the financial sector – but there are challenges
The financial sector, while forging ahead in other areas of digital transformation, has been relatively slow to adopt the cloud and there has been good reason for it: banks have to deal with highly sensitive data and sharing data storage and compute resources with others could not even be envisaged, let alone adopted. However, just [...]
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Mobile POS terminals market to grow at 18% CAGR from 2018 to 2024
According to a new research report by the market research and strategy consulting firm, Global Market Insights, the mobile POS terminals market to reach $55 billion by 2024. The ubiquitous acceptance of EMV card standards across developed regions including UK and the US are the major mobile POS terminal market growth drivers. Initially viewed as a [...]
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Main UK payment systems effectively privatised to one person
As of May 1st, there has been a new operator of the UK’s two most important retail payment schemes. New Payments Systems Operator Limited – or NPSO for short – has acquired Bacs Payments Systems Limited and Faster Payments Limited, whose schemes move more than £6.4 trillion every year, through the Bacs Direct Credit, Direct [...]
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A challenging time for time challenger banks
Challenger banks were hailed by politicians as the way to break the stranglehold of the UK’s big four high street banks. The challengers have enjoyed rapid growth, helped by benign economic conditions, low interest rates and cheap central bank funding. Now they are confronting a tougher climate — as shown by the £1.6bn takeover approach [...]
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