The chicken and egg scenario that has bogged down the embryonic NFC market appears to have taken steps forward in recent weeks. The mobile operators’ preference for the Single Wire Protocol (SWP) form for NFC implementation received official endorsement from the GSM Association last month, following the final ratification of the standard and a signing [...]
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 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 [...]
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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 [...]
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 [...]