Category: Payments

Payments

eBay starts to see integration benefits

Colin Henderson

Courtesy of Preoccupations, Skype has integrated Paypal money transfer. Both Paypal and Skype are owned by eBay. The sheer simplicity of this is compelling. Note there are no banks involved in this transaction, but there are over 100 million Skype and Paypal users worldwide and growing. Relevance to Bankwatch: Banks have to assume a large proportion of the payment structure is outside their control in the future. The concern I have is that deposit balances will migrate to the simplest provider of those services, so market share of deposits is at risk.Technorati Tags: payments, skype, paypal Continue reading eBay starts to see integration benefits

Payments

The merchants are right!

Colin Henderson

If there is one thing about the payments networks that is becoming increasingly evident as a key obstacle it is the merchants. This from Aneace is just another example of an underlying issue that Banks and payment networks choose to ignore. US payments consultant First Annapolis reveals that merchant acquirers are expressing deep doubt over the benefits of contactless. The following comments were taken from the April issue of the firm’s Navigator report We really need an open standard POS terminal that will work for all and any payment system. The merchants are right. Why should they invest in multiple … Continue reading The merchants are right!

Payments

Security Expert Says Chip-And-PIN Facilitates ATM Fraud

Colin Henderson

Now that UK has moved to pin/ debit, this security expert points out that the opportunities for fraud are expanded because of the variety of security in existence at the point of sale endpoints that now require PIN.  This has always been the case in Canada, and its known that POS terminals are one of the weak links in the network infrastrucuture.  Card Technology, The Smart Card News Source Today, however, consumers must enter their PINs at any point-of-sale terminal, which makes it much easier for criminals to obtain the data, Bond says. “Now there are hundreds and hundreds of … Continue reading Security Expert Says Chip-And-PIN Facilitates ATM Fraud

Canada, Payments

Dexit: Canadian Contactless Firm Looks To UK

Colin Henderson

Dexit apparently has been involved in the RFP for TfL expansion of Oyster that didn’t materialise.  However it seems that they have gained some potential UK contacts as a result. Card Technology, The Smart Card News Source Campbell says Dexit’s participation in the TfL bid has opened up some possibilities for future business. “Through that process, we made a number of contacts in the UK market, and some of those people we’re still in discussions with about projects in the UK,” he says. Dexit, which has about 50,000 registered users and 450 participating merchants in the greater Toronto area, is … Continue reading Dexit: Canadian Contactless Firm Looks To UK

Payments

ebay: their potential is great but their investor positioning is not

Colin Henderson

eBay are understating their potential, and it remains to be seen whether their Executive are doing this deliberately. FT.com / Companies – Why eBay’s health lies in the balance

While declining to talk about keyword advertising directly, Ms Whiman said of the opportunity to take advertising in eBay: “This is something we’ve thought about a lot.”

Paypal is doing well and is a world player now.

PayPal The promise from PayPal: more of the same. The online payment system’s revenues topped $1bn last year, lifting eBay’s overall growth rate. A year ago, with 64m accountholders, PayPal was almost neck-and-neck with American Express, which had 65m: since then, its user base has jumped to 105m, compared to 73m at Amex.

Continue reading “ebay: their potential is great but their investor positioning is not”

Business Models, Payments

Special Issue Call for Papers: Electronic Commerce Research and Applications (ECRA) Journal

Colin Henderson

Interesting topics in this call for papers, with September 06 deadline.  Worth following up on, so we’ll watch for results. Mobile Payments Topics. The special issue will be devoted to exploring strategic, managerial, technical, security and policy challenges in the domain of mobile payments. We seek high-quality, unpublished contributions on the following and other related topics: Current and future technologies and service platforms for real-time m-payments Economic and other theoretical perspectives on m-payments P2P m-payments and m-payment-enabled business processes Case studies of successful and failed trials with m-payments Business models and revenue generation approaches for m-payment services Security, biometrics, trust, … Continue reading Special Issue Call for Papers: Electronic Commerce Research and Applications (ECRA) Journal

Payments

Overseas Foreign Workers (OFW) remittances jump 14% to $1.8B

Colin Henderson

Sympomatic of many foreign workers, money remittance is becoming a staple of their needs, and this occurs outside of traditional banking.  Many cultural specific groups orchestrate these money remittances.  OFW remittances jump 14% to $1.8B MONEY remittances of overseas Filipino workers (OFWs) totaled $1.8 billion in January and February, sustaining a double-digit growth rate of 14 percent from the same period last year despite a slowdown in the number of workes going abroad, the Bangko Sentral ng Pilipinas (BSP, the central bank) said Wednesday. Technorati Tags: payments Continue reading Overseas Foreign Workers (OFW) remittances jump 14% to $1.8B

Payments

Value of Annual U.S. Debit Card Transactions to Reach $2 Trillion by 2010

Colin Henderson

US debit card growth continues to climb.  Value of Annual U.S. Debit Card Transactions to Reach $2 Trillion by 2010: Financial News – Yahoo! Finance Packaged Facts projects that debit cards will continue to enjoy strong growth, with annual debit transactions exceeding $2 trillion by 2010. More and more debit cards are part of US life. With nearly half (48.2%) of U.S. adults carrying a debit card, it’s not surprising that debit is quickly catching up to credit cards and cash as a primary means of point-of-service and online transactions. According to Debit Cards in the U.S., a new report … Continue reading Value of Annual U.S. Debit Card Transactions to Reach $2 Trillion by 2010

Canada, Middle East, Payments, US

Global electronic payment volumes to double by 2010

Colin Henderson

In a study, designed to provide banks, payment processors and retailers with a road map for the next decade to help plan their payments business strategies, its indicated payments will double worldwide by 2010, but the details are more interesting. Finextra: Global electronic payment volumes to double by 2010 The annual number of electronic payment transactions, currently at approximately 210 billion worldwide, are expected to double by the end of the decade, according to research released by ACI Worldwide. The individual markets of different growth profiles: The Eastern Europe and Asia/Pacific regions are forecast to lead the world in electronic … Continue reading Global electronic payment volumes to double by 2010

Payments, US1 Comment

TfL decision to drop Oyster expansion, is to be expected

Colin Henderson

Courtesy of Payment News, FT reports that the costs associated with expanision of Oyster stored value cards, to cover other small payments has been dropped because its too expensive. Oyster has a proprietary POS terminal. FT.com / World / UK – TfL drops proposal to expand Oyster card use The transport agency had hoped to roll out a service this year that would have enabled passengers to use their Oyster cards – currently used on the London Underground, buses, and some trains – to buy low-value goods such as newspapers, coffee and sandwiches with “electronic money” that would be loaded … Continue reading TfL decision to drop Oyster expansion, is to be expected