Viewpoints

Last week, a ruling by the New York City Council voted to ban stores and restaurants from refusing cash payments. The ruling comes from the decision that refusing to accept cash as legal tender is a discriminatory act against the unbanked, underbanked and poorer members of society who might not have access to debit or credit lines.

Carlos Seer, AVP & Business Development Director, LAC, explores the link between prepaid card traction and greater financial inclusion in Mexico.

Multiple countries are locked in the battle to become the world’s first truly cashless nation; for others, becoming cashless is necessary due to unique local circumstances. Either way, it is well known that cash is being phased out across large portions of the globe.

A recent survey into consumer expectations of the payments market conducted by Compass Plus has revealed that the generation of consumers over 60 is increasingly relying on card as their primary payment method.

Bethan Cowper, AVP, Market Development & Business Support, discusses why age matters when analysing consumer banking behaviour.

This week, UK Finance reported that in July half of all debit card transactions were contactless, accounting for 647 million taps – a major milestone in the technology’s timeline.

A recent Mastercard survey has revealed that digital banking is the number one preference for European consumers’ daily banking needs.

The banking industry is undergoing major changes. Customer expectations are higher than ever, competitive Fintech startups are growing and new regulations are emerging. In the world of shared services and connected economies, how do financial organisations battle this storm?

With fraudsters looking for fresh ways to exploit consumers as the adoption of digital payments continues to increase globally, The European Fraud Report has revealed that Denmark has been named as Europe’s frontrunner for fraud that occurs after a card has been lost or stolen.

Back in 1967, the world’s first ATM was opened to the public. The machine was set up at Barclays bank branch in North London. From that point in time, people no longer had to rely on bank branches - which often closed early - to access their money.