All articles by Carlos Martin
Carlos Martin
EBA Clearing’s MyBank: e-Convergence platform launched
Technology provider SIA has launched e-Convergence, a technology infrastructure aimed at allowing communication between online merchants and the banks of the network MyBank In June 2012, the clearing and settlement operation of the Euro Banking Association (EBA), EBA Clearing, announced the beginning of a technical pilot for its e-payment solution MyBank.
Italy: No cash, prego
21 June marks the date chosen to launch the second edition of a campaign against cash in Italy, where cash payments remain engrained in the culture. The aim of the No Cash Day campaign is toinform the publicofallthe alternatives tocash, a payment method that organisers say is expensive, counterfeit able and dangerous. The No Cash Day emphasisesthatin Europe, cash management costsEUR50bn per year, an enormous expense to cover costs for personnel, counting expenses, losses, thefts, equipment, transport, security, storing, surveillance and insurance.
e-billing: Western Union boosts Speedpay for smartphones
Western Union has enhanced its bill payment site Speedpay to allow customers to receive and pay bills through smartphones and tablets
Airlines tickets: m-payments ready to take off
A report commissioned by merchant acquirer WorldPay has revealed that consumers would welcome the use of smartphones to buy flight tickets. The report found that 50% of the customers surveyed would use now their handset to purchase airline tickets if they could while 62% of them expected this option to be available in the future In addition, 61% of the customers would like to use mobile technology to check-in and 56% of them already travel with smartphones or tablet devices.
Pakistan: Sybase365 to boost Allied Bank’s m-payment offering
Sybase 365, a subsidiary of mobile commerce services Sybase, will provide Pakistans Allied Bank with an m-commerce solution to offer mobile financial services to its customers. Allied Bank hopes Sybase365s mobile commerce technology (Sybase mCommerce 365) offers end-to-end services including mobile banking, mobile payments and mobile remittances Allied Bank will integrate these capabilities into its products and hopes to attract a potential customer base of 130m mobile users, most of them from rural and unbanked areas of the country.
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Sri Lanka: central bank licenses m-money service
The central bank of Sri Lanka has given the green light to the telco Dialog Axiata to kick off its mobile payment service for its 7.5 million customers. The dawn of the mobile money era in Sri Lanka has been made possible by the progressive, and financial inclusion focused, regulatory ethos of the Central Bank of Sri Lanka
Mobile commerce depends on alternative payments
A survey by commerce solutions provider ShopVisible has found that 67% of consumers making mobile purchases choose to do so through alternative payments methods such as PayPal According to the study, which took 23,000 transactions into consideration over two months, only 33% of customers chose to pay by credit card. But when it comes to web-only transactions the results were reversed, with 62% of buyers choosing credit card as their preferred method of payment
AP Technology and Western Union: international payments for businesses
A payment solutions provider, AP Technology, and Western Unions business solution unit are partnering to roll out an online international corporate payments service Western Union said that the system enables AP Technologys clients to make payments in more than 135 currencies, check real-time exchange rates and fees, and receive live customer support According to the companies, the platform allows businesses to lock in exchange rates and gives payees certainty on the precise amount expected.
PYXmarkets goes live with PayWizard’s payment solution
Payment solutions provider PayWizard is to provide its digital payments technology to online trading house PYXmarkets. Its client base currently includes broadcasters such as ITV and Spanish football club Real Madrids TV channel.
EBA Clearing’s MyBank in the pipeline
The clearing and settlement operation of the Euro Banking Association, EBA Clearing, has announced the beginning of a technical pilot for its e-payment solution MyBank From June to October 2012 MyBank will be tested with banks from Austria, France, Greece, Italy and Luxembourg both at a national and at a crossborder level Merchants, customers, integrators and routing service providers will also be involved in the testing to ensure that the different components of MyBank work together seamlessly and give an excellent end-user experience, EBA Clearing said