All articles by EPI editorial
EPI editorial
Country Survey: Inconsistent card usage in China
China was Asia’s largest payment cards market in 2014, in terms of card transaction value and volumes, accounting for 73.2% and 38.6% respectively. Cash was the predominant payment instrument between 2010 and 2014, especially among the rural population which is yet to embrace other forms of payment
Lock up your data; card fraud migrates
Jackie Barwell, director of fraud product management, ACI Worldwide tells EPI about the effect of the recent and ongoing US EMV migration and its impact on online fraud both in the US and in Europe. To what extent are retailers aware and prepared and will the situation worsen in 2016 with the rise in ecommerce?
Coinify teams up with Payssion to tackle Bitcoin
Danish payment services provider Coinify is teaming up with Hong Kong based payment services provider Payssion in a partnership that hopes to develop alternative payment methods such as Bitcoin and blockchain currencies.
Greater security and competition afoot as with changes to cross border payments
In two years, the Payments Services Directive 2 (PSD2) will become law. Sure, this seems a while off yet, but with around 100 or so pages of dense legislation, it makes sense to start digesting it now. Jonathan Williams, director of payments strategy, Experian, highlights the key areas that corporates should be thinking about
US EMV migration sends fraud online
Jackie Barwell, director of fraud product management, ACI Worldwide, comments on the effect of the recent and ongoing EMV migration in the US and its impact on online fraud both in the US and in Europe. What can retailers do and how prepared were they?
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Sierra Leone paves the way for mobile money
Financial inclusivity is not what Sierra Leone has been known for. Until now, only 16% of the country had access to a bank account leaving over three quarters excluded from a formal financial system. But the recent Ebola crisis which wracked the region last year provided a catalyst for change, writes Alexander Atkins
Chile Country Survey: November 2015
Chiles cards and payments industry underwent a transformation during the review period (20102014), helped by the entrance of multinational banks, government initiatives such as the financial inclusion programme, and infrastructure modernisation. As cheque use has declined, debit and credit cards have benefited. Government efforts to provide basic banking and financial services to the unbanked helped a large proportion of the population to become banked, which also benefited the industry.
Argentina Country Survey: November 2015
According to the World Bank Global Findex Survey 2014, Argentina has made substantial
progress in terms of financial inclusion, with the percentage of the Argentine population aged 15 or above with a bank account increasing from 33.1% in 2011 to 50.2% in 2014. Although financial inclusion has improved, a significant proportion of the population in the country still does not have access to the formal banking system
Country Survey: Germany November 2015
Germany is one of Europes largest payment cards markets, and is the third largest in terms of annual card transaction value. Despite the gradual growth in non-cash payments over the last decade, consumers in Germany still have a strong inclination towards cash for the majority of transactions. Payment cards are still predominantly used to withdraw cash from ATMs
Biometrics – where to for data protection in this space
Twenty years on from the introduction of the EUs data protection, Carol A.F. Umhoefer, head of intellectual property and technology at DLA Piper in France, explores four of the anticipated consequences of the General Data Protection Regulation for the payments industry, and particularly for IoT technologies developed by it