UK Banks, Retailers Resolve EMV Migration
With the UK accounting for 75 per cent of Europe's card fraud in 2000, the banks are to use PIN at the POS, paying Stg 750 million towards an overall EMV migration valued at Stg 1.1 billion. In the pa...
Carriers 'Must Focus On Core Competencies'
Carriers can maximize the wireless Web by adapting their billing systems for mobile payments, offering open platforms, and forming strategic partnerships, according to Forrester Research. In short, th...
Mobey's Dual-Chip Approach May Fail
The Mobey Forum's dual-chip approach may fail "given the range of technology, credit and debit cards and operators' existing offers on billing and mobile payments", says Gartner's Ben Wood. To this en...
Belgium To Use PIN-At-The-POS Under EMV
During 2000, Belgium's Banksys handled 556 million ATM/POS transactions on the country's 8.8 million debit cards, versus 64 million transactions on 2.8 million Visa and MasterCard credit and charge ca...
Europe's Paid-For Content Is 'In Its Infancy'
By end-2001, 28 mobile carriers globally offered premium messaging and WAP services, with more to follow in 2002, most notably European carriers, according to Danish research firm, Strand Consult. Whi...
Payer Authentication Systems Have Pitfalls
With transaction repudiation being "the major cause of online chargebacks", the ECR reports, the card firms' authorization programs rely on electronic wallets and the flagging of online payments. Paye...
Smart Cards Back On Track in US?
Although smart cards were initially presented to Americans as the revolutionary way to pay, uptake to date has been low in comparison with other global regions. 32 million smart card sales were record...
Banks 'Must Become Bill Consolidators'
Banks need to "speed up their development of online billing systems and become bill consolidators", says Pritesh Kotecha, of eiStream, or telecom firms will "encroach on banks' traditional territory"....
Dutch E-Payment Systems Rely On E-Purses
While Dutch card issuers such as Postbank, offer Internet credit cards in response to the growth of eCommerce, online debit has to date been curbed by local regulations. Under Dutch rules, the sending...
tCommerce: un-tapped potential in Europe
Despite the fact that the penetration of digital TV in Europe is increasing, it's clear that the potential of digital TV as a shopping channel remains largely untapped, according to recent Gartner fin...
SET 'Has Lessons For Payment Industry'
SET "was a well-described protocol promoted by the card associations, plugging the Internet into the global card payment system and implemented by the industry", says Hans-Rudolf Thomann, of Payserv. ...
US Online Spending Up 20% in 2001
US e-commerce spending for 2001 is expected to be in the region of $53 billion according to Web measurement company comScore Networks Inc's review of consumer e-commerce for 2001. The report, which de...
Interoperability 'Key' To Carriers' Services
Carriers have "the tools to deliver data services tied to real revenue-sharing models", states mBusiness Daily editor in chief, Mo Marshall, but the "fear of staking too much on data services", is a m...
Europe's EMV Migration Is 'On Track'
EMV migration in Europe 'is on track', the ECR reports, with Visa expecting 69 per cent of its EU cards to be compliant by end-2003, and 88 per cent, by Q3 2004, in time for the liability shift in Jan...
Argentina Switches to e-Banking
The recent economic and political turmoil experienced by Argentina, coupled with restrictions imposed by the Government on limits to the amount of cash anyone can withdraw from their bank accounts, ha...
Credit Card Industry 'Driving EBPP Market'
In 2001, 26.7 million US credit cardholders used online applications from card issuers, Gartner estimates, with online account management named as a possible catalyst for the US EBPP market. As card i...
2002: Decision Time for mCommerce
Despite the redundancies and budget cutbacks of 2001, many analysts are predicting that 2002 will be the year that long-awaited technology trends actually come to fruition, with financial institutions...
Spain's Banks See E-Payments As A Tool
Card purchases in Spain increased by 21 per cent in 1999, the last year for which figures are available, while the value of transactions at POS terminals grew 27 per cent, according to Lafferty Public...
South Africa: EMV Will Reduce Card Fraud
Banks in South Africa see EMV as a solution to their card fraud problems, with Visa reporting acquired fraud to be twice the global average, and may also introduce PIN at the POS for customer verifica...
Nordea Sees Global Market For M-Payments
Nordea, Scandinavia's largest provider of e-banking services in signing 2.7 million customers to its pan-Nordic services network, is testing a joint dual-SIM mobile payments pilot with Switzerland's U...