Direct carrier billing is currently a competitive payments industry in Europe, but will it flourish under PSD2? EE and Microsoft think so.
Contactless payments have become increasingly common in the UK. Today, six in ten Brits pay with touch and go. What started off as an alternative payment method capped at £20 per transaction, has now become an increasingly common way to pay.
PSD2 heralds a new dawn for mobile payments, as the regulatory technical standards around the upcoming European open banking regulations are expected to put mobile devices at the heart of new payment techniques. But despite the regulatory environment nudging markets towards certain payment types, it is not easy to predict exactly how consumers will adopt the technology.
A surprising alliance is slowly coming together, in the global war on cash. Large Internet-based companies and commercial banks are mixing interests with top-level governmental bodies to press for the disappearance of hard currency, and speed up the digital transition towards a cashless world. On the losing end of the intended shift, central banks which seem to be putting up feeble resistance.
Tech-savvy banks and the new wave of disruptors will be the beneficiaries as banking undergoes a long-awaited transformation.
As the 10th anniversary on contactless payments draws near, western retailers are taking steps to incorporate Asian contactless payment methods.
Bitcoin is moving out of the realms of the dark web and into the light as it becomes increasingly accepted in the mainstream, with the digital currency's value recently charging past the $4,400 barrier. It is time to reconsider bitcoin opportunities and risks.
From music festivals to motor racing, events and festivals are an integral part of the move to a cashless society, reports SIX Payment Services.
Despite all the automation and improvements that digital banking has the potential to achieve, customers and their needs still form the very core of the banking sector.
Politicians have united in urging the Reserve Bank of Australia to lend its backing to the digital currency by officially recognising it.