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Posts Tagged ‘mobile payments’

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

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

Zil’s most excellent post about his recent experience with a new payment type highlights one of the challenges that all new systems face – they’ve got to work “out of the box”. Few people (including Mrs Zil!) would have been so patient. That reminded me of a recent conversation Zil & I had around iPhones, […]

Feb 5th, 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

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

Today Isis, the NFC-based mobile wallet, has announced its availability across the US. After all the setbacks, Isis must feel very proud today being able to launch nationally. However, it doesn’t mean that the road ahead is going to be without challenges. The launch really means a national availability of handsets at the operators; it […]

Nov 14th, 2013 | Filed under Banking, Retail Banking

We just assembled a group of UK retail bankers for a discussion on The Future of the Bank Account. Against the backdrop of the month-old implementation of the directive that bank switching be seamlessly completed in seven days , banks were keen to understand the implications of changing consumer needs and behaviors, evolving regulations, and […]

Oct 19th, 2013 | Filed under Banking, Corporate Banking