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Archive by Zilvinas Bareisis

This week I saw the news that Bank Zachodni WBK in Poland, part of the Santander Group, “embedded an extensive m‑commerce marketplace into its mobile banking & payment application.” The users can log into their mobile banking app, and from there shop at a variety of merchants embedded in the application. According to the announcement, […]

Apr 17th, 2014 | Filed under Banking, Corporate Banking, Retail Banking

Last week I had the pleasure of attending BAI Payments Connect. It is one of those events that has always been on my radar but for one reason or another I never had the opportunity to go. And I was very impressed with it all, particularly with the quality of the conference sessions, which seemed […]

Mar 21st, 2014 | Filed under Banking, Retail Banking

In our report The Rise of the New Bank Account: The Quest for Transactional Account Primacy we predicted that in the future customers will want to be able to choose whether they pay with money or with loyalty points. Chase’s Quick Checkout announced at a recent investor day does exactly that. According to Chase’s investor […]

Mar 3rd, 2014 | Filed under Banking, Retail Banking

In my report on Top Trends in Retail Payments published a few weeks ago, I wrote the following paragraph: “Of course, doubts remain over HCE. For example, the payment schemes are yet to clarify on whether they will deem the security and performance of the technology acceptable. However, we view it as a positive development. Inexplicably, […]

Feb 21st, 2014 | Filed under Banking, Retail Banking

I’ve been following today various news reports about the announcement that Weve and MasterCard have partnered to drive forward contactless mobile payments in the UK. I am still hoping to speak to my contacts at the companies involved, but wanted to share some of my early thoughts. It is not surprising to see Weve, the […]

Feb 6th, 2014 | Filed under Banking, Retail Banking

This weekend I paid with PayPal in the physical store. There are a handful of stores in the UK that now accept PayPal payments, and while I’ve seen the demos, this was my first time to actually go through the process myself. And I have to say, it’s not something I will be looking to […]

Feb 3rd, 2014 | Filed under Banking, Retail Banking

Last week we published our annual report on Top Trends in Retail Payments, which looks back at 2013 and calls out the main themes to watch for in 2014. In 2013 we observed interesting developments in each of the four dimensions defining the battleground for mobile payments – see the chart below. Starting with customer […]

Feb 3rd, 2014 | Filed under Banking, Retail Banking

For some time now I have been talking about importance of payment acceptance in the digital world. I have been arguing that, by implication, in the war of digital wallets, there can be no single winner; the contexts in which consumers need to pay have become so diverse, that no single solution can hope to […]

Jan 14th, 2014 | Filed under Banking, Retail Banking

Last week I published a new report called “Retail Payments Market in Japan: A Land of Contrasts and Opportunity” – an overview aimed primarily at those seeking to get an introduction to payments in Japan. Our clients know that we don’t publish country-specific reports that often; instead, we tend to focus on themes and topics […]

Jan 13th, 2014 | Filed under Banking, Retail Banking

A couple of weeks ago the European Central Bank (ECB) published a draft document for public consultation on Recommendations for Security on Mobile Payments. These recommendations were developed by the European Forum on the Security of Retail Payments, SecuRe Pay. This document follows similar recommendations for internet payments, and for payment account access services. Creation of standards […]

Dec 3rd, 2013 | Filed under Banking, Retail Banking