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Masabi is working in conjunction with the Rail Settlement Plan (RSP), the rail ticketing body jointly owned by UK train operating companies and the rail operators themselves, to developed a new standard for secure barcode rail ticketing. The new open standard allows all m-ticketing schemes to use a common secure barcode system, and also to [...]

The post UK Rail agree on m-ticketing standard appeared first on Payments Cards & Mobile.

The European Commission has approved proposals for a fundamental reform of the rules governing electronic money institutions, paving the way for mobile operators and other ‘hybrid’ institutions to obtain e-money licenses. Finextra.com writes – The compromise text for a new Directive has been agreed by the Committee of Permanent Representatives (COREPER) under the aegis of [...]

The post E-money reforms pave the way for new competitors in European payments market appeared first on Payments Cards & Mobile.

There has long been a joke that SEPA actually stands for ‘Send European Payments to America’. As with all good jokes, it contains an element of truth. Collectively now a bigger market than the US, over the past few years Europe has become a focus of US acquirers, processors and other players in the payments [...]

The post The US invasion of Europe appeared first on Payments Cards & Mobile.

SEPA, the Single European Payment Area, has created a single market in cards and payments. It is bringing down country barriers, has already triggered stronger competition among banks across Europe, and has given processor consolidation and outsourcing a push.Payments and cards are an important business for banks. Transactional revenues alone represent a market of €60 [...]

The post Characteristics of a SEPA leader appeared first on Payments Cards & Mobile.

Under pressure from the ECB to step up standardization work, the European Payments Council is trying to clarify grey areas in the SEPA Cards FrameworkThe January 1 arrival of the Single Euro Payments Area saw SEPA credit transfers launched on schedule, with SEPA direct debits to be implemented at the latest by November 2009 and [...]

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