Bridging the gap between convenience and security for digital payments has long been a subject of discussion within the payments industry. Findings from an investigation undertaken by myPINpad into the gaps in the payment industry have identified a number of issues: Security concerns cause 35% of all abandoned carts in online commerce. Putting that in
Contactless payment is shifting retailer and consumer behaviour across Europe. ‘Tap and go’ introduces a whole new psychology, as it removes a number of physical steps when we pay in more traditional ways. The “pain of paying,” as behavioural economist Dan Ariely explains, is a very conscious moment in the physical payment process that can
In an effort to help customers with their financial health, Commerce Bank has begun delivering complimentary FICO Scores to Commerce Bank Consumer Credit Card customers. Beginning immediately, Commerce Bank Consumer Credit Card customers can access their FICO Score on their monthly statement, for free. “The transparency of credit score information provided by the FICO Score
The French retail chain Système U and Wincor Nixdorf are realizing an omni-channel services concept together that will include new customer loyalty and marketing programs. At the same time, the Système U stores will install modern POS terminals from Wincor Nixdorf that support the omni-channel approach and improve the customer experience. Under the large-scale agreement
Malawi took a significant step towards creating a digital payment ecosystem in order to address poverty and drive inclusive growth. An event organized by the Government of Malawi with the United Nations Capital Development Fund’s (UNCDF) Better Than Cash Alliance and Mobile Money for the Poor initiatives brought together digital payments players to accelerate the progress
MasterCard announced the expansion of its intellectual property relationship with First Performance Global. hrough the global extension of a license for its proprietary MasterCard In ControlTM technology, MasterCard will take an equity stake in First Performance. As a result, the two companies will collaborate on growing First Performance’s ability to offer payment card issuers and
Powa Technologies announced that GoNet, a leading global technology services company based in Mexico, has completed integration of its PST point-of-sale software solution with its PowaPOS retail payments platform. The partnership between these two companies will help to introduce full-featured tablet-based payments solutions to the Mexican retail market, as well as extend availability of an
The cheque clearing system goes digital at the end of this week, in a move aimed at increasing efficiency in effecting payments, where transactions are going to be settled within a day, the central bank has said. The new system, designed to take off on Thursday, called Tanzania Automated Clearing House (TACH) is an electronic
EastPay, a Regional Payments Association, has announced the formation of EastPay Advisory Services, a wholly-owned subsidiary that will provide payments risk management, compliance, and consulting services to financial institutions and businesses. EastPay Advisory Services (EAS) was formed to deliver the services that payments industry stakeholders need to be compliant and competitive. Services offered by EAS
NCR Corporation, the global leader in consumer transaction technologies, announced that the Army and Air Force Exchange Service (AAFES) will replace 6,000 point-of-sale terminals with NCR RealPOS 72XRT systems. The new technology will replace non-NCR terminals in both its retail and food services locations, and will be maintained globally by NCR Services. The Exchange provides
