Joint report by the BIS Committee on Payments and Market Infrastructures (CPMI), the BIS Innovation Hub, the International Monetary Fund (IMF) and the World Bank. Find the link to the report here. Multilateral platforms could enhance cross-border payments by reducing the need for intermediaries and allowing payment services providers in different jurisdictions to transact directly
Over half of ATMs across the globe now have their cash replenishment outsourced, as deployers look to third parties to increase the reliability of their machines and maintain profitability North America sees high levels of cash replenishment outsourcing RBR’s Global ATM Market and Forecasts to 2027 study reveals that half of the world’s ATMs had
The ATM Industry Association (ATMIA) today announces that Erika Navarrete has been promoted to Executive Director for EMEA and the Emerging Markets. She follows a lengthy line of Executive Directors for Europe, including retired CEO, Mike Lee. Navarrete has been part of both the membership and conference teams of ATMIA for the past 12 years.
Continued growth in merchant outlet and EFTPOS terminals numbers worldwide strengthens coverage of all schemes, but acceptance of the largest players differs significantly between regions 82% of payment terminals now accept contactless While 2021 saw long periods of lockdown and continued retail closures, the second year of the pandemic was overall a positive one for
More and more merchants are building loyalty rewards into their business strategies and upgrading to new, integrated loyalty systems. The global loyalty program market is projected to reach more than $142 billion in 2022 and more than $225 billion by 2026. Merchants are willing to make those investments because they’re sold on these benefits of a loyalty
Retailers across all sectors are seeking applications to improve customer service, expand in-store touchpoints and future-proof operations Deployments increase across all sectors There were 8.7 million POS software installations globally at major retail and hospitality operators as of June 2022, according to Global POS Software 2022, the latest study by strategic research and consulting firm
OpenWay proudly announces that its Way4 Card-as-a-Service enabling platform, recently launched in Europe and already recognized as one of the top CaaS technology solutions on the market, is now available to Card-as-a-Service and Wallet-as-a-Service providers all over the world. The solution is based on the award-winning Way4 digital payment platform. It is designed for CaaS
The PCI Mobile Payments on COTS (MPoC) Standard Provides Flexibility in Mobile Payments Acceptance and Mobile Payment Acceptance Solutions Development Today the PCI Security Standards Council (PCI SSC) published a new standard designed to support the evolution of mobile payment acceptance solutions. PCI Mobile Payments on COTS (MPoC) builds on the existing PCI Software-based PIN
New digital Point of Sale platforms are gaining traction which means payment providers and investors should take note. It’s hard to believe that a DVD mail-order business has redefined what it means to stream digital content for the global age. And yet, that is precisely what Netflix has done. From its humble postal beginnings in
As banks around the world rationalise their ATM fleets, and remove unprofitable units, independent ATM deployers (IADs) are stepping in to fill the vacuum IADs deploy a growing share of the world’s ATMs RBR’s report Global ATM Market and Forecasts to 2027 shows that while the total number of ATMs worldwide is slowly declining, the
