It’s clear that cryptocurrency has a momentum that cannot be ignored, but with regard to Libra, other factors are involved that make this specific cryptocurrency something that raises significant red flags. Facebook’s Libra cryptocurrency is positioned as a low-cost global payments and financial services ecosystem that will give people access to the “internet of money.”
By Ralf Gladis, CEO, Computop - Facebook’s Libra cryptocurrency has been positioned as a low-cost global payments and financial services eco-system that will give people access to the “internet of money.” Twenty-eight of the world’s most prominent stakeholders in payments and commerce are involved as Founding Members and their experience and expertise is shaping Libra’s charter and governance structure. (...)
By Ralf Gladis, founding director, Computop - By law payments are getting more complicated — at least in Europe. All EU countries decided to require more security for consumer payments. And increased security will take its toll on the customer's user experience. That doesn't sound like a good example for the U.S., but, according to many experts, it actually is. And here is why. (...)
As the technologies are shaping consumer lifestyle and behaviour, there has been a cultural shift away from the conventional payment methods that have ruled the banking industry for a long time. (...) For instance, powered by cutting-edge technology, and an integrated payment process, Computop is on the path to accelerate the global payment transformation.(...)
By Ralf Gladis - We’re ahead of the game here in the UK when it comes to payments, particularly contactless payments. We think little of swiping our cards, or our phones, across a reader as we access a train station, and is it just me, or do many of us now get a little irritated if we actually have to enter our PIN because a purchase goes slightly over the contactless maximum amount? (...)
So, given the benefits of wearables payments via NFC, how can you try to increase usage? At Computop, we've seen that it's important to check your PoS device to ensure it is using the newest technology, including CDVCM as a verification method, to support payments via wearables. Also, consider posting signs that encourage consumers to try it.
Computop, the global payment processor, today announced that Europe’s leading online optician, Mister Spex, has selected the company’s highly secure POS terminals for the processing of all card payments across its national network of German stores. The CCV Pad card terminal from Computop is one of a new generation of POS solutions that have been developed to reduce costs and expenditure on PCI security audits while protecting purchasers’ card data. (...)
by Ralf Gladis, Computop: In the fight against fraud, payment service providers (PSPs) must have better tools at their disposal than ever before. (...) Rule-based fraud prevention is replaced by risk-based fraud prevention. The difference: previous procedures allowed the risk assessment to be based on certain rules according to which a transaction was approved or rejected. (...)
Linking payment and accounting is a logical step. It is the payment flow that is to be recorded and which constitutes the tax liability. That’s why more and more eCommerce retailers are shifting their accounts receivable processes to their payment service provider, especially those for whom cross-border trading is a core part of their offer.
All the indications are that in 2019 we will see user names and passwords replaced with biometric authentication like fingerprints, face and voice recognition supported by quickly evolving biometrics technology. At Computop we see more and more retailers interested in using biometrics, not just for securing payments, but also to enable customers to login to their online shop accounts.
The Paypers has caught up with several speakers of the upcoming Merchant Payments Ecosystem 2019 to learn about the future payments and fintech drivers. (...) Ralf Gladis, CEO & Founder, Computop: "We will witness the rise of biometric authentication. Mastercard has already announced to require issuers to provide biometric authentication to cardholders. While biometrics will provide security as well as convenience, European merchants will focus on old school payment methods like direct debit and open invoice in order to avoid PSD2 two-factor authentication damaging their conversion rate."
Ralf Gladis, CEO of Computop: Biometrics will begin to have a serious impact on how people pay for goods using their mobiles as the technology for payments transactions continues to evolve and become faster and more reliable.
Finance Monthly takes a deeper look at the global response to cryptocurrencies. Ralf Gladis, CEO of Computop, answers questions surrounding regulation and global consensus, with some interesting pointers on privacy and trade therein.
by Ralf Gladis, CEO Computop - (...) it would take many years to establish cryptocurrencies as a widely accepted form of payment, even if central banks take the lead. And why should they do that? To make payments a little cheaper and a bit more global?(...)
Ralf Gladis, CEO, Computop: "For the first time in the UK, debit card transactions overtook cash as the most popular form of payment. According to research, when it comes to cashless payments, both Canada and Sweden are ahead of the pack, but this change in the UK is a significant indicator of the general trend towards electronic payment solutions and away from cash."