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Millions of Americans use their phones to buy things and send money to people, but the technology involved in moving towards real-time mobile payments in the US lags behind many other industrialized countries. Now the Fed Reserve is pushing for real-time mobile payments to become the standard in the US, said participants at a mobile payments industry conference last [...]
Over the past several years, instant payments have become an increasingly important part of the payments landscape. The Euro Retail Payments Board (ERPB), European Central Bank (ECB), European Payments Council (EPC) and several national organisations have recently made announcements addressing the implications and regulation of this new payment option, as well as the impact of [...]
The post Instant payments at POS – overcoming customer and merchant barriers appeared first on Payments Cards & Mobile.
A major new report sets out key recommendations for the banking industry and urges regulators to give consumers certainty that their money is equally well-protected wherever they choose to bank. Banks must concentrate on harnessing a range of digital technologies or risk losing customers to a new wave of competitors, according to a new report [...]
The post Digital tipping point: Banks must focus on innovation to harness opportunities appeared first on Payments Cards & Mobile.
In a recent survey of over 300 global business professionals by Timetric, respondents were asked if they use mobile phones for payments and if it is set to change over the next six months. More than half of the respondents (52%) indicated they use their mobile phones for payments, with business professionals in Asia-Pacific (58%) [...]
The post More than half of global professionals use their mobile phones for payments appeared first on Payments Cards & Mobile.
Facebook is bringing P2P payments to its Messenger application. The strategy will help Facebook keep users on its platform and add value while opening the door to promotion and loyalty capabilities for advertisers. Facebook stiffens competition in the P2P payments space which includes eBay’s Venmo, Snapchat, several banks and others. “Embedded P2P is clearly becoming a [...]