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Payments News -

The planned merger of Lloyds TSB and HBOS will create a UK retail banking champion, with the combined group holding a market share of over 30% in current account and mortgages. The new group will also edge Barclaycard out of its top spot in credit cards, just at a time when the UK market is [...]

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Payments News -

Interchange is no longer the simple, consistent structure that it once was. Today, interchange within the SEPA area and in many domestic markets is made up of more than a hundred rates across multiple dimensions. Interchange complexity introduces both risk and opportunity for acquirers, which makes interchange management a fundamental capability for all acquirers to [...]

The post Lessons from US acquirers’ interchange practices appeared first on Payments Cards & Mobile.

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Payments News -

Like the war in Iraq, the case for ‘war on cash’ is less clear-cut than its promoters insist. By some measures, cash is quite competitive with electronic payments. At the moment, there is a largedebate about the costs of cash. The general assumption of banks and regulators seems to be that cash is expensive for [...]

The post Cash – the familiar stranger appeared first on Payments Cards & Mobile.

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Contactless -

Gemalto and NXP say that they have entered into an agreement whereby NXP would transfer its mobile services business to Gemalto. The related unit will continue to develop and market software and service solutions compliant with the MIFARE4Mobile interface specifications which manage MIFARE-based applications NFC mobile devices. This strategic move by the two industry leaders aims [...]

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Payments News -

The Cost of Paying The Cost of Paying – Private and Social Costs of Cash and Card Payments; Bergman, Guibourg, Segendorf; Sveriges Riksbank, September 2007 Retail Payment Instruments in Portugal Costs and Benefits;Bank of Portugal, July 2007 Issues of Efficiency in the Use of Cash and Cards;DeGrauwe, Rinaldi, Van Cayseele; University of Leuven, 2006 The War [...]

The post Key Cash and Card Research appeared first on Payments Cards & Mobile.

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