Posts Tagged ‘contactless’

Yes, you did read this right – today I could not complete a single Apple Pay transaction successfully first time. This was my experience today: I tried using Apple Pay five times – four times to get in and out of the London transport network and once at a coffee shop to buy an espresso. […]

Sep 9th, 2015 | Filed under Banking, Retail Banking

I am finally a proud user of Apple Pay! It came to the UK on July 14th while I was away on holiday, but I managed to set up my first card even while I was abroad. And I was very proud and pleased when I got back and completed my first Apple Pay transaction. […]

Aug 10th, 2015 | Filed under Banking, Retail Banking

There have been a number of reports in the UK since the beginning of the year heralding a cashless Britain, suggesting that cash “dies” this week. Of course, I’m being somewhat tongue in cheek, but it was suggested that February 2015 would be the last month that cash was king. That’s true in many ways […]

Mar 4th, 2015 | Filed under Banking, Corporate Banking, Retail Banking

Yesterday Apple announced its results for Q1 2015: revenue of $74.6 billion, profit of $18 billion over the three months, apparently the largest quarterly corporate earnings of all time. While these numbers are hugely impressive, of course, the payments industry was looking for any hints of Apple Pay performance. This is what we learned: On […]

Jan 28th, 2015 | Filed under Banking, Retail Banking

This is the time of the year when we begin to cast our eye back to 2014 as well as forward to 2015, and reflect on the top trends we are seeing in the market. One of the constants over the last few years in our annual Top Trends in Retail Payments report (coming up […]

Dec 11th, 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

Recent launch of the iPhone 5 made me decide that it was time to upgrade my old iPhone 3GS. I knew I was going to stay with my current telco provider (Orange, or as they are now known, EE), so I just went into an Orange shop to discuss my options. To cut a long story short, instead of buying […]

Oct 18th, 2012 | Filed under Banking, Retail Banking

Yesterday Visa announced its plans to accelerate EMV adoption in the US. A confluence of factors, such as some of the US merchants and issuers making independent moves towards EMV, as well as accelerating developments around mobile payments, helped Visa decide that the time to act is now. It is the first time that a […]

Aug 10th, 2011 | Filed under Banking, Corporate Banking, Retail Banking

We are all familiar with loyalty points and other types of rewards we get on credit cards. The economics (i.e. relatively higher interchange, opportunity to earn interest fees, etc.) and the stand-alone product nature (i.e. not linked to a current account) meant that many credit card issuers used to look for additional ways to stand […]

May 19th, 2011 | Filed under Banking, Retail Banking