Merchants, consumers, banks all stand to benefit from faster payments. But are they ready?

The UK e-commerce market is Europe’s largest and is set to reach £90 bn before 2020 (up from £60 bn in 2015). But while e-commerce grows, the preferred consumer payment mechanisms are changing.

Samsung Electronics Australia today launched the company’s mobile payment service, Samsung Pay, bringing Australian consumers and businesses a secure, fast, and simple way to pay. The mobile payment service works almost anywhere¹ you can pay with a participating credit or debit card.

Samsung Pay will be available starting today on compatible Samsung smartphones including the Galaxy S6, Galaxy S6 edge, Galaxy S6 edge+, Galaxy Note 5, Galaxy S7 and Galaxy S7 edge, with specific availability varying by local operator².

Analytic software firm FICO announced today that it is developing a FICO^® Enterprise Security Score, which will rank an organisation’s level of cybersecurity risk. To further this effort, FICO has acquired QuadMetrics, an innovative cyber risk security scoring company from Ann Arbor, Michigan.

The Logic Group, a leading provider of omni-channel Managed Payment Services, today announced that its Solve DataShield Payments Solution is the first in the world to receive global accreditation from the PCI Council for Point-to-Point Encryption Version 2 (P2PE v2).

The key benefit of P2PE v2 is its modularity.  Merchants using this solution will not only gain the established benefits of a P2PE, but they will have greater flexibility to select the components that meet their individual needs.

Finisterre Capital LLP, the large London-based multi-strategy investment manager specializing in emerging market investments, implements Orchestrade as its core portfolio management platform for trading, risk management and compliance.

 FIME is the first testing provider to be accredited by JCB to support issuing banks with their JCB EMV migration and certification projects. Issuers around the world can now work with FIME to confirm that their contact, contactless, mobile J/Speedy™ v3.0 products are personalized correctly, in line with the JCB specifications which underpin more than 86 million JCB cards across 19 countries.

 Horizon Software (Horizon), the leading global technology provider for electronic trading and investment management, today announced collaboration with 

Capgemini Consulting, the global strategy and transformation consulting arm of the Capgemini Group, has today announced the appointment of Patrick Vance as a VP in the UK Financial Services team.  Focusing on Regulatory Risk and Compliance, Patrick will report into Kevin Simmons, VP and UK COO of Financial Services.

MasterCard today announced the appointment of Michael Fraccaro as chief human resources officer, succeeding Ron Garrow who decided to move with his family back to North Carolina after six years with the company. Fraccaro’s appointment is effective July 8, 2016.