EMV^® chip has had a staggering impact on the payments ecosystem since its introduction roughly twenty years ago.

With migration progressing at different paces globally and the way we transact continuing to evolve – as wearables and smartphones shake up the ecosystem even more – EMV sits at the centre of the payments world.

But why is EMV so important, what do stakeholders need to know and what are the next steps? We chatted to FIME’s EMV expert Joe Santana, to give us a global overview.

Today Fiserv, Inc., a global provider of financial services technology solutions, reported that in 2016 nearly 30 banks and credit unions chose the ASP versions of Corillian Online and Mobiliti to meet the digital banking needs of their customers. These integrated online and mobile banking platforms combine robust functionality with a simplified user experience, making it easy for users to manage their finances where, when and how they want. 

Using the Bolero platform, HSBC and Reliance Industries jointly achieved a first for international trade in India – the completion of an export deal with electronic documents. The use of e-Presentation on Bolero enabled the trade to be settled in a single day, rather than the 28-35 days it would take to exchange traditional paper documentation.

Today Mastercard announced it has signed an agreement to acquire NuData Security, an advanced technology company that assists businesses in preventing online and mobile fraud using session and biometric indicators. 

Today the Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, announced that its Omgeo Alert solution, a global repository for storing standing settlement instruction (SSI) data, has completed enhancements to become the industry’s single and centralized ‘SSI Utility.’ 

*Warning – the following may cause your knickers to knot. If it does so, please re-read as it is meant as compassionate analysis not mindless bashing.*

Today’s story will be about bankers’ cognitive dissonance when it comes to consumers’ needs.

We are all “grown” here so I’m sure everyone is familiar with what “cognitive dissonance” stands for but a refresher may be in order to help us along:

You have an idea.