Industry Blog

  • What’s in a Number?

    MasterCard announced in late 2014 what might seem like a trivial change but one that might involve a lot of work in the payments industry later this year.
 Historically you could identify a MasterCard by the starting digit 5 with all MasterCards issued in the BIN (Bank Identification Number) ranges of 510000-559999.
 Anticipating that these […]

  • New European Interchange Fee Rules Come Into Effect Today

    The aim is to reduce costs for both retailers and consumer, and to help create an EU-wide payments market. The regulation will also help users make more informed choices about payment instruments.    Interchange fees are charged by a cardholder’s bank to a retailer’s bank every time a consumer makes a card-based purchase. While consumers […]

  • It’s EMV Armageddon: What Tomorrow Means for Your Business

    THE EMV LIABILITY SHIFT IS HERE. WHAT DOES THIS MEAN FOR YOUR BUSINESS? US Merchants are making the same mistakes and oversights that their fellow British and Canadian counterparts made in preparing for EMV. The Story So Far… 59 percent of consumers with one or more credit or debit cards report that they have not […]

  • What Next for NFC and Mobile Payments?

    The End of Physical Wallets? 2015 will not be the year that physical wallets are dumped in favour of NFC enabled smartphones, but it may be the year that mobile devices cross a mass-market tipping point that sees the fruition of multiple prerequisites that precede mass adoption…

  • What 2014 Told Us About FinTech in 2015

    OmniCommerce In 2014, frictionless omniCommerce was on the cusp of becoming a reality. Competition between large retailers has driven the implementation of omni-channel strategies, as innovations in the space have helped transition omniCommerce from buzzword to crucial element in ensuring the future of their businesses. Central to any omniCommerce strategy is the increased availability and […]

  • The Pitfalls of System Integrations

    Half of IT projects with budgets of over $15 million dollars run 45% over budget, are 7% behind schedule and deliver 56% less functionality than predicted…