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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Barclays to shed hundreds of staff

Barclays to shed hundreds of staff | Payments Ecosystem | Scoop.it
Barclays Bank is closing a major processing centre in Leeds with nearly 800 jobs impacted and cutting another 345 jobs across the country.
Vineet Anand's insight:

Barclays joins Lloyds, and HSBC with job cuts! 

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Barclaycard opens up to Alipay

Barclaycard opens up to Alipay | Payments Ecosystem | Scoop.it
Barclaycard, which processes nearly half of the UK’s credit and debit card transactions, has extended an existing provisional agreement with Alipay, enabling retailers across the country to accept the Chinese payment app at the point-of-sale.
Vineet Anand's insight:

Alipay makes inroads to UK with card acceptance at Barclaycard network of merchants using QR code! 

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Major UK banks line up in support for Android Pay launch; Nationwide pulls plug on V.me

Major UK banks line up in support for Android Pay launch; Nationwide pulls plug on V.me | Payments Ecosystem | Scoop.it
Bank of Scotland, First Direct, Halifax, HSBC, Lloyds Bank, M&S Bank, MBNA and Nationwide Building Society are the first banks to have lined u
Vineet Anand's insight:

Andriod Pay preps for UK market where Andriod has 54% of market. UK consumers are high contactless uses and a transition to Andriod Pay will be a lot faster than experiences in US. Barclays continues to steer away from other Pay solutions in favor of its own! 

Denisa Zichackova's curator insight, March 30, 2016 5:53 AM

Andriod Pay preps for UK market where Andriod has 54% of market. UK consumers are high contactless uses and a transition to Andriod Pay will be a lot faster than experiences in US. Barclays continues to steer away from other Pay solutions in favor of its own! 

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TopShop launches contactless fashion accessories

TopShop launches contactless fashion accessories | Payments Ecosystem | Scoop.it
Finextra: Barclaycard has collaborated with retail fashion chain TopShop to develop a range of wearable accessories incorporating its bPay contactless technology.
Vineet Anand's insight:

TopShop strikes a deal to incorporate bPay contactless into a range of wearable accessories. Fashion and technology coming together to create new contactless ways to pay using the bPay digital wallet. 

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Barclays, Verifone Partner On Mobile Payments

Barclays, Verifone Partner On Mobile Payments | Payments Ecosystem | Scoop.it
A new partnership between Barclays and Verifone will roll out a mobile commerce solution aimed at enabling faster mobile payments across 20,000 U.K. retailers.
Vineet Anand's insight:

Barclays partners with Verifone to offer mobile Commerce checkout using Pingit as a payment form for merchants that use Verifones Payware Oculus gateway. 

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Barclays retools business banking for the digital age

Barclays retools business banking for the digital age | Payments Ecosystem | Scoop.it
Finextra: The UK's Barclays Bank has released a purpose-built online banking hub that provides corporate customers with a single gateway to all of the bank's business services.
Vineet Anand's insight:

iPortal for corporate customers launched with biometirc reader to replace existing disparate complex system with multiple log-ins. iPortal supports mobile with SSO capability and a host of features including dashboards, business intelligence among others! 

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Barclays to offer mobile payments via Android

Barclays to offer mobile payments via Android | Payments Ecosystem | Scoop.it
Finextra: While Barclays continues to drag its heels on mobile payments via iPhones, it is set to become the first UK bank to introduce contactless payments from any NFC-enabled Android phone.
Vineet Anand's insight:

Barclaycard offers UK's 1st Android phone NFC payment application. Two features include: 1. transaction values raised to PS100 with use of PIN instead of standard PS30; and 2. lost and stolen card replaced with virtual card to allow continuity of NFC app usage. 

No news on Barclayscard joining iPhone payment ecosystem yet! 

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Bank branches key to fending off digital challengers - IDC

Bank branches key to fending off digital challengers - IDC | Payments Ecosystem | Scoop.it
Finextra: Digital evangelists predicting the demise of the bank branch could be in for a rude awakening, according to a new study from IDC Financial Insights which pitches the much-derided bricks and mortar outlet as the fulcrum of a healthy bank-to-customer relationship strategy.
Vineet Anand's insight:

Across UK and US, banks are dabbling on the right strategic mix of branches vs. digital play - both have a place to serve the same customer, however the former (branch) is less now for transactional purposes rather for financial advice! Barclays, Fifth Third and others have closed a number of branches whereas others are refurbishing or moving to smaller properties to assist! Customer relationships will likely deepen with a balance of digital and branch play! 

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Barclays Anticipating 'Imminent' Support for Apple Pay in United Kingdom

Barclays Anticipating 'Imminent' Support for Apple Pay in United Kingdom | Payments Ecosystem | Scoop.it
MacRumors has learned that a high-level executive at Barclays, one of the largest banks in the United Kingdom, anticipates "imminent" support...
Vineet Anand's insight:

Is Barclays developing its own mobile platform? Notably absence from Apple Pay initial launch, however indication is Barclays will be joining the fray of Apple Pay issuers soon. 

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Finextra news: Barclays and PayPal join Government ID access scheme

Finextra news: Barclays and PayPal join Government ID access scheme | Payments Ecosystem | Scoop.it
Finextra: Barclays and PayPal are among a list of nine companies applying to act as identity providers for UK consumers accessing Government services online.
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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.