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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.

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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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.

Debit is ripe for innovation but success will be dependent upon understanding the complexities of consumer needs while convincing the banks and merchants of the benefits of change. For issuers, debit is generally seen as a commodity; something given away with the current account, usually without so much as an explanation of its features and benefits. [...]

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Despite its high profile there are indications that the eurozone may lose its ‘war on cash’. Banking sector leadership by osmosis appears unable to deliver a strategy and vision. Europe’s payments business has many contradictions and none more so than its strategy for the displacement of cash by cards and electronic payments. Two opposing views [...]

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