General

Will Apple Pay win its fight against Aussie banks and retailers?

Apple is currently in a major scrap with Australian banks and retailers over its control of the NFC chip on eligible iPhones. A consortium of banks and retailers have asked the Australian Competition and Consumer Commission (ACCC) to rule that they can collectively negotiate with Apple rather than having to negotiate individually. Apple is fighting…

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How do interchange fees work?

What are interchange fees? Interchange fees are the fees exchanged between acquirers, issuers and the card schemes to which they belong. Interchange fees are usually related to the value or number of card payment transactions and are set by the card schemes for their acquirer and issuer members. The direction of interchange fee flow also varies…

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How does a card payment work?

Most of us are comfortable these days with using a credit or debit card to make a payment, whether in store or increasingly, online. But how many of us really know how the card payment works and what’s happening behind the scenes? And how many payments professionals might shamefully concede that the underlying flows are…

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Welcome to the (payments) revolution

Are you ready for the challenges and opportunities that the “fintech” wave is bringing to the world of payments? Are you a traditional bank, acquirer or processor looking to navigate the stormy waters ahead? The payments revolution is upon us and the pace of change continues to accelerate. Disruption and innovation will create enormous value for some…

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