paymentsjournal

VIDEO: America’s Different Approach to Real-Time Payments

Data for this episode of Truth In Data provided by Mercator Advisory Groups report: New Faster Payments Solutions Being Launched at a Rapid Pace in the U.S.

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Credit Card Interchange: Australian Regulators Gone Wild?

From the market which brought cost accounting to credit card interchange, comes a credit card killer: do not reduce interchange, eliminate it. Here is the final report.

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American Express Is Targeting Blockchain for a Proof-of-Payments System

It is not a surprising announcement that American Express has filed a blockchain-based patent application for a payments related capability that can receive a payment confirmation including a transaction amount and a merchant identifier.

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The Darlings of Prepaid: Why Gift Cards Are as Relevant Now as Ever

If you’re at all acquainted with the prepaid industry, you’re familiar with the fact that consumers love gift cards. But what you may not know is that rather than remaining static gifting tools, gift card uses, applications, and capabilities have been quietly expanding through the years.

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The Future of the Payments Industry in a Post-GDPR and PSD2 World

In the aftermath of global privacy breaches like Equifax and Facebook, banks and financial technology companies are rethinking their approach to data security.

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Cross-Border Payments: Reaching Further With Swift gpi

As globalization and digitalization gather pace across the payments landscape, the need for fast and transparent cross-border transactions is particularly pressing, says Monika Aminiova, Cash Management Business Development Manager, Treasury Services EMEA, BNY Mellon.

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Debit Is Preferred in U.S. In Stores, but Not Online

The latest Consumers Payment study published by the Federal Reserve Bank of Boston finds that debit cards are the most popular payment type, making an average of almost 32 percent of their payments with a debit card, followed by cash (27) and credit card or charge payments, representing an average of 23 of all payments […]

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Creating an Omnichannel Payments Experience From Start to Finish

In financial services, the term, omnichannel, is too often limited to the perspective of the retail experience. Does the consumer see a consistent experience every time they use a bank or retailers various channels – online, in person or on a mobile app. However, omnichannel in payments extends beyond a consistent user experience.

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Going Cashless at the Point of Sale: A Matter of Time

Retailers and restaurants are cautiously moving toward fully cashless operations. Cards and apps are replacing bills and coin. While futurists and science fiction writers have been predicting a cashless future for generations, consumer-driven businesses are following the lead of a much more influential group of thinkers—their customers.

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Mobile Payments Use in the U.S. Lags

As we continually point out, mobile wallet use in the U.S. lags other countries, particularly Asia where the government’s demonetization policies have helped spur its use.

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Biometrics Introduce a New Paradigm for Secure Payments

The continuous growth of smartphones with biometrics, and the emergence of biometric payment cards, is ushering in a new paradigm in payments. PINs and passwords are being replaced by more secure and convenient solutions using biometrics.

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Sandboxing Credit Card Innovation at the Point of Sale

Private label credit cards (PLCC) offer consumers an option to branded Mastercard and Visa plastics. You need to keep an eye on the interest rates and be prudent about not carrying the debt over from month to month but you will often find excellent reward opportunities. Mercator recently covered the PLCC industry in this document.

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