Starbucks is getting it right through Square
Square and Starbucks just announced their partnership to ‘revolutionize’ in-store payments at the coffee house locations. The deal will see Starbucks processing all its credit card transactions through an ad-hoc square solution, considerably reducing credit card swiping costs – Starbucks CEO Howard Schulz said.> Read more
POS payment terminals: the ultimate point of contact for physical sales?
The good old payment terminal could very well become a very important point of physical contact when e-commerce comes to the POS world> Read more
NFC the future for mobile payments? There are some alternatives
I am sure you have all noticed the big buzz surrounding mobile payments. Mobile payments are hot again! Most of the attention goes to NFC. However, there are some hurdles that need to be overcome for implementing NFC. If you are reluctant to invest in NFC, or if you don't want to wait, there might be some alternatives for you.> Read more
Financial institutions opening up… the ‘app era’ is here!
The last 2 days, I was at EBAday. 600 bankers and exibitors under one roof discussing ‘unlocking the full potential of SEPA’. Lots of panel discussions on innovation, e-invoicing, e-SEPA, etc. During one of these presentations I realised that I am probably missing out on a major interbank ‘e’ collaboration initiative. As an expert in this domain and generally well informed on such matters, I was instantly worried that we as Innopay had missed a great business opportunity, right in our sweetspot. Let me explain…> Read more
Is there a role for the banks in m-banking?
M-banking is hot, but not in the high-tech sense. Financial services via the mobile phone specifically get attention in emerging economies, where there is a high penetration of mobile phone subscribers and low bankarization. Although banks in these economies could benefit enormously from this potential, it seems that the mobile operators have the strongest position: higher market coverage, control over the mobile device and less competition. So how can the banks seize the potential and benefit from this movement?> Read more
Bankers need to move towards new frontiers in payments
The yearly EPCA Conference is one of the very few conferences where payments are being discussed in their wider strategic context. For years conference chairmen and organizers Harry Smorenberg and Douwe Lycklama have been shaping the EPCA Conference into an event they would like to go to themselves. The yearly reviews of the EPCA Conference show that the event is highly regarded because of its combination of strategic interest and practical approach. After European location such as Copenhagen, Amsterdam, Frankfurt, Brussels and Berlin the 2010 event will be held in Disneyland Paris.> Read more