We’ve been busy – and are about to get busier. Next week two of the world’s biggest payments industry conferences happen simultaneously – Money 20/20 in Las Vegas and CARTES 2014 in Paris. Continue reading →
For several years now, we’ve been having the same conversation about Near Field Communication (NFC). Every year the predictions shift another year back, and the blame for a lack of traction shifts. Continue reading →
Every fall, locales around the world celebrate their own version of Octoberfest. But the original, celebrated Oktoberfest in Munich, is the largest, and one of the oldest funfairs in the world, now celebrating its 181st season! Having just wrapped up, this year's Oktoberfest received more than six million visitors in only 16 short days. Continue reading →
As I near the end of my first year as CEO of VeriFone, I want to take this opportunity to thank everyone who has been part of our success—partners, resellers, retailers of all sizes—and I would also like to briefly talk about where we’ve been as a company and where we’re going. Continue reading →
Recent surveys and observations show that there is still no sufficient broad covering of cashless payment options in Germany. A journalist with the renowned FAZ newspaper spent just a week trying to live without cash; instead opting to try and pay for everything using alternative payment forms. Continue reading →
It’s incredibly important for merchants to understand payment security, including their own responsibility in making sure that their customers trust them with sensitive card data. Recent high profile data breaches from retailers such as Target have led to a large amount of cardholder data being compromised. Continue reading →
The lines have been drawn in retail data security. While security threats will continue to exist, thieves and hackers will constantly seek new ways to target the retail industry. Merchants can fight back by employing the most effective strategies to deal with today’s challenges. Continue reading →
Since taxis transitioned from the horse and buggy days to motors, subsequent innovations in the ride experience have been few and far between. In recent years, though, payment acceptance via non-cash means has provided the impetus for transforming the taxi industry for both operators and passengers. Continue reading →
[…] Verifone an established global leader in the electronic payments market, recently carried out a survey based on 1,000 applicants in the US to find out which was used the most: Leather Wallet or Mobile Wallet? […] Are mobiles the new wallets? | DSMMCM1415
Off course we know from the beginning this is not only a chicken and egg issue. Acceptance infrastructure and NFC terminals are not enough to make all these things happening. The value proposition to the merchant and the consumer is the key issue. And noone has the answer for the moment. Because proposing something unique to the consumer requires to build such a complex ecosystem that all attempts have failed until now. Google, banks, Visa, MC, Telcos noone has succeeded. Will Apple change this? not sure but we can continue to dream Geiben
I think there are a lot of people like me who have different reasons than you cited for avoiding NFC for payments. I happen to be a highly technical person who designs security products, but I think a lot of people who are less directly involved will have the same kinds of issues with NFC. It's easy to list some of them.
- My plastic payment cards work just fine, and are more convenient for me to use than something requiring me to pull out my phone and (god forbid) start an app, or enter a password, or anything else like that.
- My phone is a highly complex computer with connections to networks and with many apps that I do not trust very much. In other words, hackers may be able to attack my phone, or malware may be in the phone already. Neither of these are possible with my plastic payment cards, even EMV cards that have an on-card small computer.
- I do not want merchants or anyone else to be tracking where I go, or presenting me with unsolicited advertisements or "offers". By using my payment cards, I avoid that annoyance. TWA