Payments Ecosystem
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Payments Ecosystem
The Payments ecosystem is evolving at an unprecedented pace driven by mobile, cloud computing, start-up's challenging the behemoths, and new technologies. My personal collection of curated stories and blogs.
Curated by Vineet Anand
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The misnomer from recent blog 'Apple Pay can't solve credit card fraud'.

Vineet Anand's insight:

Personal insights on the broken process along 'yellow path' for 1st time card authentication with issuer! Issuers need to take responsibility to fix that process from authenticating fraudulent cards. 

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Turns Out Apple Pay Can't Solve Credit Card Fraud

Turns Out Apple Pay Can't Solve Credit Card Fraud | Payments Ecosystem | Scoop.it
Among other things, Apple's Second Coming of the Mobile Payment Solution was meant to fix our broke-ass credit card security system. Only, according to (unconfirmed) reports, it's doing exactly the opposite.
Vineet Anand's insight:

Easy to put Apple Pay's name on title of Blog when the process at the issuer authentication (1st time) is not adequate!!  Fix that issue and the said fraud with get eliminated. 

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Why Apple Pay And Dollars Are Killing Bitcoin

Why Apple Pay And Dollars Are Killing Bitcoin | Payments Ecosystem | Scoop.it
The irony of Bitcoin's fall is that some of the attributes that initially made it so attractive to its backers like no centralized banking control, lax regulation and no transaction fees, are the very same things that are actually causing its demise.
Vineet Anand's insight:

Apple Pay and Dollars are creating barriers to Bitcoin adoption at retail consumer scale - the larger question consumers will ask as more marketing gets generated around Bitcoin is "Why shall I convert my dollars or euros to Bitcoin?" and today no value prop exits to drive that adoption. 

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Digital-Payments Company Ripple Labs Is Finalizing a $30 Million Funding Round

Digital-Payments Company Ripple Labs Is Finalizing a $30 Million Funding Round | Payments Ecosystem | Scoop.it
Ripple has created a decentralized payments network that helps validate transactions using a digital currency technology similar to bitcoin.
Vineet Anand's insight:

Ripple's decentralized network - great investment vehicle towards building the next generation SWIFT like network. It will redefine how cross-border payments are executed!

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Will Lending’s Future Be Untethered From Banks? | PYMNTS.com

Will Lending’s Future Be Untethered From Banks? | PYMNTS.com | Payments Ecosystem | Scoop.it
The problem with a financial crisis is that the climb out has been particularly arduous for consumers and retailers. Even though spending and wages have
Vineet Anand's insight:

P2P lending in UK during 2013 was PS 0.6Billion and in 2014 will close at PS1.2 Billion (double) with regulator suggesting banks to refer clients that do not meet their credit requirements to P2P lenders !!

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PayPal Losing Friends in China | PYMNTS.com

PayPal Losing Friends in China | PYMNTS.com | Payments Ecosystem | Scoop.it
It appears that PayPal is no kind of pal to a lot of users in China. Many Chinese cross-border merchants have decided to stop using the online payment
Vineet Anand's insight:

Cross-border payments continue to be a challenge! Regulator, compliance, legal entity, tax, revenue repatriation .. will continue to be a big hurdle in some corridors like US-China. 

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Alibaba Finance Arm Plans 2016 Initial Public Offering

Alibaba Finance Arm Plans 2016 Initial Public Offering | Payments Ecosystem | Scoop.it
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Finextra: Crooks net $11m in bitcoin scams - research

Finextra: Crooks net $11m in bitcoin scams - research | Payments Ecosystem | Scoop.it
Scammers have duped unsuspecting victims out of at least $11 million in bitcoin over the last four years, according to researchers from Southern Methodist University, Dallas.
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Finextra: Contactless payments arrive on Coronation Street

Finextra: Contactless payments arrive on Coronation Street | Payments Ecosystem | Scoop.it
Visa Europe has signed a six-figure product placement deal with British television network ITV that will see contactless payments get high profile outings on prime-time soaps Coronation Street and Emmerdale.
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Finextra: UK P2P lending hit £1.2 billion in 2014

Finextra: UK P2P lending hit £1.2 billion in 2014 | Payments Ecosystem | Scoop.it
The peer-to-peer lending industry in the UK hit more than £1.2 billion in 2014 according to new figures released today from the Peer-to-Peer Finance Association (P2PFA).
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Finextra: Coinbase runs into trouble over New York and California regulatory status

Finextra: Coinbase runs into trouble over New York and California regulatory status | Payments Ecosystem | Scoop.it
Coinbase is being sized up for a class action suit by securities litigators Tripp Levy for allegedly making false and misleading statements relating to the regulatory status of its new bitcoin exchange in New York and California.
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Finextra: Credit card metadata gives shoppers' identities away - research

Finextra: Credit card metadata gives shoppers' identities away - research | Payments Ecosystem | Scoop.it
Individuals can be identified from just four pieces of credit card metadata, researchers from the Massachusetts Institute of Technology (MIT) have found.
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Major Banks Cashing In On Apple Pay Potential | PYMNTS.com

Major Banks Cashing In On Apple Pay Potential | PYMNTS.com | Payments Ecosystem | Scoop.it
On Jan. 22, 1984, Apple ran a commercial during the third quarter of the Super Bowl that helped define its brand, teasing to the release of the Apple Computer
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Facebook Starts Testing NYC Beacons As A Way To Monetize Mobile | PYMNTS.com

Facebook Starts Testing NYC Beacons As A Way To Monetize Mobile | PYMNTS.com | Payments Ecosystem | Scoop.it
Facebook plans to test beacons in New York City as a way of connecting its mobile users to the Facebook pages of nearby shops and landmarks, the New York Times
Vineet Anand's insight:

Using GPS to triangulate user to FB page of business FB page and leveraging Beacons !

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Sandberg Hints At Facebook’s Payments Intentions | PYMNTS.com

Sandberg Hints At Facebook’s Payments Intentions | PYMNTS.com | Payments Ecosystem | Scoop.it
Facebook CEO Mark Zuckerberg's plans for his social network are clear: "We're making progress towards connecting the world," he wrote in prepared remarks in the
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EMV Transition Progressing Nicely Says MasterCard | PYMNTS.com

EMV Transition Progressing Nicely Says MasterCard | PYMNTS.com | Payments Ecosystem | Scoop.it
As the liability shift creeps closer (245 days as of the writing of this article) in the U.S., the migration to EMV is progressing well, according to
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ALIBABA SALES MISS; SHARES GETTING CRUSHED

ALIBABA SALES MISS; SHARES GETTING CRUSHED | Payments Ecosystem | Scoop.it
+40% isn't enough.
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Google Whiffs On Earnings, Investors Yawn

Google Whiffs On Earnings, Investors Yawn | Payments Ecosystem | Scoop.it
Join us!
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Amazon Stock Goes Buck Wild On Big Earnings Beat

Amazon Stock Goes Buck Wild On Big Earnings Beat | Payments Ecosystem | Scoop.it
Follow along!
Vineet Anand's insight:

Prime membership grew 53%! EPS numbers out of red with investors pleased to see Profit. 

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Finextra: Standard Bank builds PlayRoom to push startup culture

Finextra: Standard Bank builds PlayRoom to push startup culture | Payments Ecosystem | Scoop.it
South Africa's Standard Bank has opened an innovation centre in Johannesburg in an effort to foster a startup culture.
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Finextra: Visa Europe to spend EUR200 million on digital payment technologies

Finextra: Visa Europe to spend EUR200 million on digital payment technologies | Payments Ecosystem | Scoop.it
Visa Europe is to invest more than EUR200 million in new payment technologies to accelerate the growth of digital payments after reporting record transaction volumes for 2014.
Vineet Anand's insight:

Today - 500million Visa cards in circulation in Europe = 1 for each adult and 1 in 5 cards are contactless!

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Finextra: Google brings e-mail money transfer system to Europe

Finextra: Google brings e-mail money transfer system to Europe | Payments Ecosystem | Scoop.it
Google is rolling out its e-mail-based money transfer system in the UK, almost two years after the feature was first released in the US.
Vineet Anand's insight:

Google Wallet lands in UK with email P2P feature! 

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Finextra: MasterCard kicks off global hackathon challenge in Sydney

Finextra: MasterCard kicks off global hackathon challenge in Sydney | Payments Ecosystem | Scoop.it
MasterCard has kicked off the first in a series of ten global hackathons in Sydney, where developers will compete for a place in the final and the chance to win a $100,000 grand prize
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Finextra: Bharti Airtel seeks Indian payments bank license

Finextra: Bharti Airtel seeks Indian payments bank license | Payments Ecosystem | Scoop.it

Indian telco Bharti Airtel says that it will apply for a payments bank license as it prepares to make a grab for the country's huge underexploited mobile banking market.

Vineet Anand's insight:

Payment banking licenses onto a good start in India!

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Amazon's challenge to PayPal in mobile-enabled online payments gains steam - Mobile Commerce Daily - Strategy

Amazon's challenge to PayPal in mobile-enabled online payments gains steam - Mobile Commerce Daily - Strategy | Payments Ecosystem | Scoop.it
#retail #advertising Amazon’s challenge to PayPal in mobile-enabled online payments gains s... http://t.co/HNHxpuay3c #mobile #mcommerce

Via Kenneth Carnesi,JD
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Curated by Vineet Anand
Payment Industry leader passionate about Fintech, Innovation in Banking, Product Management & Strategy, driving revenue growth through client management, business development and P&L focus.