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Daily News, Issuing & Acquiring, Payments News -

Creating merchant loyalty – location–based offers, discounts and targeted messaging are helping to place merchants at the centre of consumer engagement. According to research by IDC, 1.5 billion smartphones will be in use globally by 2017, while research firm Gartner predicts that worldwide mobile payment transaction values would reach $235.4 billion in 2013, a 44% [...]

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Daily News, Issuing & Acquiring, Processing & Systems, Regulation -

This week, Europe’s politicians begin trialogue talks to decide final rules on how much payment cards will cost merchants and consumers in card fees. The end goal is more competition and innovation in our payments market. The commerce sector fears that unless MEPs make crucial changes to the Council’s text, we will fail to achieve [...]

The post One Single Market needs one set of rules for card fees appeared first on Payments Cards & Mobile.

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Daily News, Issuing & Acquiring, Regulation, Risk & Compliance -

TSYS has released its white paper titled “How Issuers in Germany Can Replace Threatened Interchange Fees.” The paper explores the financial threat to German issuers of proposed changes to the Multilateral Interchange Fee (MIF) regulations in the European Union, and outlines initiatives to support additional revenue growth. The report looks at the current payment card [...]

The post Multilateral Interchange Fee (MIF) regulations impacting German banks appeared first on Payments Cards & Mobile.

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Daily News, Fraud & Security, Issuing & Acquiring, POS Terminals, Processing & Systems, Products, Risk & Compliance -

Official figures released by the global technical body EMVCo show that nearly 30% of all card-present transactions conducted globally between July 2013 and June 2014 used EMV chip technology. The data represents all EMV chip card-present transactions – both contact and contactless – as processed by EMVCo’s members, American Express, Discover, JCB, MasterCard, UnionPay and [...]

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Contactless, Daily News, Issuing & Acquiring, Products -

At Money 2020, and in the wake of Apple Pay and its dominance of the headlines, US mobile money ventures, Softcard (formally ISIS) and merchant-run MCX, have been setting out their strategies for wining over customers. MCX has endured a difficult couple of weeks thanks to the controversy surrounding its policy on barring member merchants [...]

The post MCX and Softcard state Apple Pay overthrow plan appeared first on Payments Cards & Mobile.

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