In the press
Compass Plus is often asked to give interviews and provide opinions on current issues in the industry. Please find below a selection of relevant examples that may be of interest to you.
Tapping into contactless payments around the globe – Global Banking and Finance Review Contactless technology has been successfully established in Europe for nearly a decade. The UK has become a ‘cash-second’ society, partly attributed to the 250% year on year increase in contactless card usage, but where does this leave the rest of the world? In this article, Kirsty Berry, Head of PR and Communications at Compass Plus, taps into contactless payments around the globe. To view the full article please visit the Global Banking and Finance Review website.
To view the full article please visit the Global Banking and Finance Review website.
When is a TPS not a TPS? A guide to effectively measuring system performance – Bobsguide When it comes to evaluating system performance, things aren’t clear cut. Financial institutions looking to modernise or replace their systems need to ensure they get a view of the bigger picture. In this article, Bethan Cowper, Head of Global Marketing at Compass Plus, discusses the discrepancies in advertised TPS scores and gives her guide to effectively measuring system performance.
To view the full article, please visit the Bobsguide website.
Chip and PIN in the US – why all the confusion? - Finance Digest EMV has been well established in Europe for over a decade, with the significant decrease in card present fraud and benefits of faster contactless payments gladly received by European consumers. The same can’t be said for the US where a survey by The Strawhecker Group found that only 27 per cent of US merchants were EMV-ready ahead of the October 2015 deadline. In this article, Bethan Cowper, Head of Global Marketing at Compass Plus, discusses the current state of EMV in the US and the confusion surrounding the new technology.
To view the full article, please visit the Finance Digest website.
Tipping the balance – is there a future for legacy platforms in payments? – Financial IT
Tried and tested legacy systems have served financial institutions successfully for many years, but are they now reaching the end of their shelf life? The antiquated systems are starting to buckle under the pressure of the ever changing and highly unpredictable payments landscape. In this article, Bethan Cowper, Head of Global Marketing at Compass Plus, discusses the future for legacy systems: “Ultimately the lifespan of legacy systems is intrinsically linked to the staff that maintains them, and when those employees retire, their replacements will be unfamiliar with this technology and not have the correct skillset for legacy to continue to be a viable option.”
To view the full article, please visit the Financial IT website.
Mobile Vs Wallet: are traditional payments about to become obsolete? - Finextra
Smartphones have become a staple in many consumers’ lives, and it is predicted that 46 million smartphone users will exist in the UK alone by 2018. Integrating payments is perhaps the final tool to complete the Swiss Army knife that is the smartphone, but does these mean we are about to see the demise of the physical wallet? In this blog post, James Bosley, Press Officer at Compass Plus, discusses the battle between mobile and wallet, and their position in the future of payments.
To view the full article, please visit the Finextra website.
Moving mobile payments out of the niche and into the mainstream for merchants, Future of Payments Gateway. With a lot of noise around the influence consumers will have on mobile adoption it is important to consider the fundamental role merchants will play in the process. In this article Paul Love, Principle Product Manager at Compass Plus, discusses moving mobile payments out of the niche and into the mainstream from a merchant perspective; “Merchants are constantly looking to increase their customer base and for new opportunities to improve revenue streams and cut operational costs. Mobile devices can revolutionise the way merchants take payments, not only opening their business to a wider audience, but by reducing the cost of accepting payment.”
To read the full article please visit the Future of Payments Gateway website
4 Ways to Win in Mobile Payments, Credit Union Times. In the chaotic payments environment, everybody from financial institutions, retailers and consortiums is reaching out for a stake in mobile payment technology. In this article, Financial Journalist Tina Orem, discusses four ways to win in mobile payments, utilising recent research from Compass Plus to demonstrate the need for consumer education in the mobile payments landscape.
To view the full article, please visit the Credit Union Times website.
The humble ATM: So much more than a cash machine, ATM Marketplace
With financial institutions having to react to increasing cost pressures, they should look to better utilise the channels they already have, enter the ATM. In this article, Kirsty Berry, Head of PR and Communications at Compass Plus, discusses ways to make the ATM much more than just a cash machine, “ATMs are one of the most underused channels by both FIs and consumers, yet the opportunities for adding value for consumers and increasing an FI's bottom line are vast.”
To view the full article, please visit the ATM Marketplace website.
What can we expect from 2016, Electronic Payments International.
2015 was the year that digital eclipsed cash payments and 2016 is set to be the year that digital will take the payments crown. However despite seeing an increase in the number of countries moving towards a cashless future, cash is still rife in most regions. Bethan Cowper, Head of Marketing and PR at Compass Plus, shares her insight in to the year ahead: “…with the correct groundwork in place, 2016 looks set to become the year the predictions the industry has been making around contactless, mobile and even biometrics evolving out of the niche finally come into fruition.”
To view the full article please visit the Electronic Payments International website.
Not your grandpa’s prepaid card, Banking Exchange.
Instead of adding additional products to their range, card issuers need to reassess current products and services in the endeavour to meet consumer needs. The value that can be offered to customers through prepaid cards is often overlooked for demographics outside the low income bracket. In his most recent article Anthony Genovese, Vice-President of Consulting Services at Compass Plus, discusses the possibilities of prepaid:“The flexibility prepaid cards offer allow them to be marketed in various formats to all consumers. The right product marketed in the right way will get an issuer noticed, but in order for the product to survive, grow, and help increase the bottom line, it is all about acceptance and value.”
To view the full article, please visit the Banking Exchange website.