Merchant Services Intelligence

The monthly briefing for leaders in merchant services and payments worldwide

Wednesday 23rd November @ 11:24am

1. Brexit and its context 2. Brexit in progress — the institutional angle 3. Assessing the Brexit scenario — what is at stake? The European banking, cards and payments industries face unexpected, complex and time-consuming challenges as a result of Britain's referendum on leaving the European Union. Exactly what Brexit will involve will be an ongoing process with many twists and turns in the years ahead. Every participant in global commerce will need to consider its position immediately...MORE

Cards per 100 adults LA  copy
Friday 4th November @ 4:52pm

The Latin American region is an attractive one for merchant acquirers. Acquiring margins are under downward pressure globally, but merchant service charges (MSC) remain high across most market in Latin America. Cards are well established as a means of payment in the region, yet a large unbanked population leaves plenty of room for further growth. Also, in contrast to most regions, there is a preference for credit cards over debit cards — meaning acquirers earn higher fees. The region's...MORE

Friday 30th September @ 2:29pm

The dominant players in POS terminals, VeriFone and Ingenico, are facing increasingly strong headwinds and both are having to adjust expectations accordingly — though admittedly from a high base. Both businesses warned in September that profits were going to drop this year. They have blamed global events and the US liability shift — but are there larger evolutionary forces at work? Let's begin with VeriFone. At the start of September, the giant card and payments equipment manufacturer...MORE

Friday 30th September @ 12:54pm

The merchant acquiring business is undergoing a period of rapid technology-driven change. Mobile, online and social technologies are revolutionising access to information and sparking demand for new services that can support multichannel commerce. As an integral part of card payment transactions processing, an acquirer enables merchants to accept card payments by acting as a link between merchants, issuers, and payment networks providing authorization, clearing and settlement and dispute...MORE

Apac 1 New version
Friday 30th September @ 12:13pm

Asia-Pacific (APAC) has been a region dominated by the use of cash, which accounts for the bulk of payments transactions. It is only recently that the increase in the use of cards and subsequent transactions has led to the evolution of the payments ecosystem. Given the size of the market, and the higher revenues associated with card payments compared to cash, this trend makes APAC all the more attractive. Merchant acquiring, acting as it does as an integral link for merchants...MORE

Accepting Al
Friday 30th September @ 11:11am

The world of recorded music is often invoked in order to describe the 'inevitable' changes that finance must go through. The first recorded music was on vinyl, then digital music gave us the CD, and finally music broke free of physical constraints and became purely digital — the MP3. But go into most music stores and the shelves are full of CDs, and even top-class DJs find CDs the best format to work with: they're more functional and easier to carry than vinyl, and who wants to...MORE

Friday 29th July @ 2:35pm

Following on from Visa's landmark arrangement with PayPal that will see Visa cardholders no longer encouraged to take up an ACH option with their PayPal accounts, it appears that MasterCard is seeking a similar arrangement. MasterCard's chief executive Ajaypal Singh Banga said it is involved in "constructive dialogue" with PayPal. "This is actually a good thing for PayPal and for the industry because at the end of the day, providing consumers the ability of having...MORE

Friday 29th July @ 12:11pm

The potential disintermediation of Visa and MasterCard is always it seems a hot topic in payments but moves made this month by the schemes demonstrate that they are more than capable of holding their ground. In the digital age, alternative payment systems, particularly those that access the bank account directly, bypassing the card rails, are becoming a real threat. But the networks have had years to prepare and if anything are increasing their control over consumer payments. MasterCard's...MORE

global credit card MSC
Friday 29th July @ 11:16am

Merchant acquiring in Eastern Europe appears to be on the cusp of some important changes. The region's payments infrastructure has been steadily developed in recent years and is beginning to attract the attention of the global players. The issuer-led acquiring model that prevails throughout most of the region will probably evolve into a more open market where local players compete with regional and global superpowers. The region remains behind Western Europe in terms of development but the...MORE

Merchant acquiring in France
Friday 29th July @ 10:42am

Acquiring in France is carried out by the issuing banks, unlike in many European markets where the traditional domestic acquirers are being squeezed out by specialist acquirers. The top five banking groups in the country: Crédit Mutuel, Crédit Agricole, BNP Paribas, BPCE and Société Générale are also the largest acquirers with a combined share of over 80 percent of transactions. As a result of a strong debit and deferred debit culture, merchant service...MORE

Online acquiring in France 2
Friday 29th July @ 10:34am

France is Europe's third-largest e-commerce market behind the UK and Germany. Amazon is the largest online retailer and France is also home to a number of successful pure-play e-commerce merchants including Cdiscount and Vente-Privée. Large physical retailers such as Carrefour and Auchan have also developed significant online businesses. Card-not-present (CNP) acquired billed volume was an estimated $88 billion in 2015, an increase of ten percent on the previous year. E-commerce...MORE

Tuesday 28th June @ 5:02pm

Just as banks are struggling with a new wave of attacks from cybercriminals operating from the comfort of their sofas, along comes a new wave of attackers who appear not to be motivated by the proceeds of crime. They don't actually even steal anything — but they can cause banks to shed millions of euros, lose customers, and frighten away new customers. Several recent reports point to a new player in the attacks on bank customer data: the infamous hactivist network known as Anonymous. In...MORE

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