All articles by EPI editorial
EPI editorial
PULSE to put online PIN debit to the test
This makes for an ideal setting for a pilot programme in which ATMdebit network PULSE and online debit card payments security specialist Acculynk are to assess consumer acceptance of online PIN debit for online shopping transactions
Qualified endorsement of UK Payments Council’s performance
The UKs Office of Fair Trading (OFT) has given a qualified endorsement of the Payments Council (PC) in a review of its operations published in March
Sybase mobile solution honoured
Providing its ambitions in the mobile banking and payments market with a significant boost, US data management software and services company Sybase walked off with the award for the best mobile payments application at the International CTIA Wireless 2009 conference held in Las Vegas earlier this month
ACH upgrades a top priority for smaller banks in the US
The survey of 70 payments professionals from smaller banks revealed that 60 percent were seeing increasing revenue from automated clearing house (ACH) transactions over the past 12 months while 48 percent see a potential for revenue growth and gaining a competitive advantage over larger banks
Fed aims to use ACH networks to reshape global remittance market
The US Federal Reserve Banks (Fed) FedGlobal Services initiative unveiled at the National Automated Clearing House Associations (NACHA) Payments 2009 Conference in March will, claims the Fed, revolutionise cross-border automated clearing house (ACH) payments.
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Tackling the hard-to-break cash habit
Even in countries with highly developed electronic payments systems, cash remains a firm favourite with consumers a situation contactless payments hold a significant promise of changing
Advent International a growing force in payments processing
Extending its reach further in the payments processing industry private equity firm Advent International is to acquire 51 percent of US bank Fifth Third Bancorps (FTB) merchant acquiring and financial institutions processing businesses Fifth Third Processing Solutions in a cash deal worth $561 million.
ClickandBuy on a rapid growth path
Doubling transactions volumes in the best of economic times is a tough objective but it is one London-headquartered ClickandBuy achieved in 2008 and is aiming to repeat this year, its 10th in the competitive online payments market.With a client base of 14,000 merchants and 12 million end-customers ClickandBuy has in its sights a transaction volume of some 1.8 billion ($2.4 billion) in 2009, a target its CEO Charles Frnkl believes the company is well positioned to attain.A key reason for Frnkls optimism is the online retail markets resilience to economic recession and the growing number of consumers going online to shop
Alipay poised to overtake PayPal
Hard on PayPals heels is Chinas largest e-commerce company Alibaba Groups online payment service Alipay, which by the end of February 2009 had notched up its 150 millionth registered user
Meeting demands of a diverse society
Over many decades, South Africas electronic payment system has evolved in tandem with those in developed economies and in many areas is equal to the best The payments industrys challenge is to now bring millions of cash-orientated South Africans into the electronic payments mainstream Despite South Africa being classified as a developing country, its payments industry has, in many respects, long been at the forefront of the adoption of technology