There is a windfall of US$380 billion in annual revenues waiting for banks to tap by targeting micro-enterprises and bringing unbanked and underbanked adults into the formal financial system.
More than half of business owners across all industries are aware of the recent liability shift, but only 29% are equipped to accept EMV chip credit cards. Although more than half of U.S. adults who have a credit/debit card have been issued a new chip card, only 41% know the benefits of the chip card.
A new survey finds consumers feel pretty lukewarm about all those loyalty cards taking up space in their wallets: only 9% of those surveyed limit their shopping to retailers with which they have loyalty card or rewards memberships and only 25% say a store or website’s loyalty program is important to them and will influence whether they shop there.
As the European Banking Authority (EBA) develops its Regulatory Technical Standards, and as the EU Member States consider the detail of PSD2, any regulation governing online payments should enable and encourage the e-commerce sector to balance the twin considerations of risk and convenience (otherwise growth would be stifled and costs would increase).
MasterCard launched the first session of the Private Sector Frontiers Round Table Series. The series, which will consist of 11 sessions in total, aims to strengthen the role of the private sector in terms of humanitarian assistance as well as build sustainable partnerships with the sector across the UAE.