Payments used to be a banking business. Now it is not, and the interests of the banks and the payments industry are no longer wholly coincident. The banks don’t own Visa and MasterCard any ... [Continue reading]
Another waste of money is around the corner for the UK banking sector.
"Almost 1 million UK bank customers will be forced to have to use new six-digit sort codes… The ... [Continue reading]
Well. How about that. You could have knocked me down with a feather. Blimey. And so on and so forth. Check this out...
A payment scheme isn’t just a data switch that connects consumers, banks, merchants and retailers. If it was, there wouldn’t be any, because we’d all just use the internet instead. There are ... [Continue reading]
You can’t say that London isn’t a fintech powerhouse and epicentre of the revolution that is forging a new financial services industry in the white heat of old technology. Wait, ... [Continue reading]
As I’m in Canada, I thought I might mention that a detailed investigation into the cost of payments at POS just [Continue reading]
How are mobile payments getting on in the UK? According to the most recent figures from Transport for London, mobile phones now account for about 8% of their contactless transactions, so ... [Continue reading]