Category Archives: Opinions

NFC: A technology in search of a problem?

According to a report from IHS, contactless payments could be about to receive a significant boost, with global Near Field Communication (NFC)-enabled handset shipments set to soar four-fold in the next five years. To date NFC payments have struggled to take off as a mainstream technology, so will the sheer increase in NFC-enabled handsets be enough to win consumer hearts and ...
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Live @ MWC: Google Glass barcode scanning

GS1 have announced that they will be demonstrating the power of barcode scanning in evolving mobile devices using the widely speculated Google Glass platform. This demonstration, the first of its kind in Europe using Google Glass has been developed in collaboration with the Open Mobile Alliance (OMA) and Icare, the Swiss Research Institute. When a bar code on product packaging ...
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Contactless and the future of payments

Our society has seen an incredible rate of technological change over the past few decades. Never before have people borne witness to such rapid change – not even during the famed Industrial Revolution. This change has had a profound impact on every aspect of our daily lives. From health, through education, all the way to recreation: no area of our ...
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Banking on mobile payments

Consumers are waking up to mobile payments – and organisations, both banks and retailers, will soon have no choice but to provide this service. Payments players have rung in consecutive years with prophecies of the arrival of the much discussed ‘tipping point’ for mobile payments – writes Paul Stoddart, managing director, strategy and business development, VocaLink...
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New payment systems for all – or only for some?

New payment services such as cards, internet and mobile payments may leave many people behind, while also making it more difficult for them to pay in traditional ways such as cash. This is the conclusion of a study on the Impact of New Payment Systems (NPS) on financial exclusion in the UK and four more countries (France, Italy, Poland, Sweden) ...
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The mobile wallet: under the hood

The plethora of smart devices that we have access to today has inevitably blurred the lines between traditional retail, eCommerce and mCommerce – creating new opportunities for both merchants and financial institutions to engage with their customers – writes Dom Morea, SVP, Advanced Solutions and Innovation, First Data....
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Banking on mobile payments

Smartphone sales are continuing to grow across the globe, with the population increasingly relying on this technology not only as a means of communication, but also to play games, read the news, or surf the internet on the move. Consequently, institutions the world over are looking to tap into this market and make the most of their increasingly mobile customer ...
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Mobile NFC – what’s all the hype about

Mobile NFC has been discussed intensively over the past 24 months. Various players have geared up to enter the payment market, the loyalty and couponing market, the advertising market and other adjacent markets. Billions of dollars are at stake, but the winners are not yet in sight. Written by Nicolai Schèttgen and Karim Taga - Arthur D. Little ...
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