NFC World

News from the NFC World journal

The Credit card market is not even close to being saturated

Since the announcement of Capital One’s intentions to acquire Discover in the acquisition of the year to date, the market has been abuzz with rumours of a challenge from the very active Department of Justice (DOJ). U.S. Senator Josh Hawley (R-Mo.) sent a letter to DOJ Assistant Attorney General for the Antitrust Division Jonathan Kanter,

The Credit card market is not even close to being saturated Read More »

25% of online transactions fail, costing Europe €18bn a year

According to research published in Payments Cards & Mobile[1], more than one in four (26%) of all transactions in major European markets fail because of customer friction caused by complex authentication processes. It’s estimated that resolving this problem could drive an increase in merchant sales of up to €18 billion. Read the new Q&A from

25% of online transactions fail, costing Europe €18bn a year Read More »

Exploring the future of mobile payments in Europe

The European mobile payment sector is undergoing a period of notable evolution, characterised by its fragmentation and significant expansion. As outlined in a new mobile payments report by Arkwright Consulting, through BLIK, EPI, and MobilePay/Vipps, the industry offers a broad spectrum of payment methods, from international wallets to local solutions. This diversity reflects the varied

Exploring the future of mobile payments in Europe Read More »

BIAN standards association demonstrates growing influence with new members

BIAN, the independent not-for-profit standards association, is announcing that 19 new members have joined the growing organisation, bringing the total number of members to 98. BIAN demonstrates growing influence This momentum has helped BIAN (The Banking Industry Architecture Network) further its commitment to forging a new era of banking. In a time of ongoing change,

BIAN standards association demonstrates growing influence with new members Read More »

Slow check-out and customer friction cost too much – it’s time to change

Almost one in three (32%) online transactions in Germany fail due to consumer friction during check out. It’s time to rethink approaches to authentication. Slow check-out and friction cost too much As the global economy digitizes and e-commerce continues to experience double-digit growth, it’s essential that banks rethink their approach to authentication to deliver better

Slow check-out and customer friction cost too much – it’s time to change Read More »

Issuers: get ready for a token-focused future

Payment tokens offer massively improved security by turning sensitive personal information such as credit card and account numbers and turning them into a secure “token”, represented by a unique set of characters inside transaction data flows. They can be stored on mobile devices or shared between banks, merchants and intermediaries during any kind of transaction

Issuers: get ready for a token-focused future Read More »