All articles by Billy Bambrough
Billy Bambrough
EMV – trying and failing to open battle on two fronts?
The introduction of EMV Chip-enabled cards to replace the old mag-stripe standard has had an overwhelming impact on fraud in countries which have already made headway with the transition. In the UK, where EMV cards are now the standard, counterfeit fraud from cloned or skimmed cards decreased from £169.8 million in 2009 to just £42.1 million in 2012, according to Financial Fraud Action UK. However, a question mark looms over the new standard with regard to its relevance in card not present (CNP) transactions. Against a backdrop of booming global e-commerce, what use is the chip if the card is not physically there at point of sale? Has EMV missed its moment?
NAB rolls out P2P payments app
National Australia Bank (NAB) has launched a mobile app allowing its customers to make peer to peer payments (P2P) using a mobile number, email or Facebook message.
PayPal moves into small business lending in the US
PayPal, a subsidiary of Ebay, has launched a lending service in the US aimed at small businesses called PayPal Working Capital.
ICICI Bank uses Facebook for mobile payments
ICICI, India’s 3rd largest bank by assets, has unveiled a new app allowing customers to send money to people via Facebook.
Monitise upgrades BBM Money service
Monitise has announced that it has revamped its BlackBerry Messenger (BBM) peer-to-peer (P2P) payments service, BBM Money, with bill payments, cardless cash withdrawals via ATMs and access via wifi.
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NBE teams up with MasterCard to launch mobile payment service
National Bank of Egypt (NBE) has announced it will roll out a mobile wallet to both banked and unbanked customers called Phone Cash.
Google Wallet arrives on iPhone without NFC
Google has rolled out a version of its mobile wallet for the iPhone, despite the handset’s lack of NFC capabilities.
Chase opts for Isis mobile wallet
Chase has announced it will roll out the Isis mobile wallet nationwide later this year, offering it’s credit cards in the wallet.
DNB argues against cashless future
De Nederlandsche Bank (DNB) has spoken out against the possibility of a “cashless future” in a bulletin posted on its website.
Transaction Banking investment soars
A new report from the consultants Celent finds that there is a shake-up going on in the world of transactional banking. Billy Bambrough takes a closer look at the report and what it can reveal about the future of payments, cash management and foreign exchange.