#bpay

How to build credit and improve your credit score 7. 20-somethings and career: How to get ahead in your career 8. 20-somethings and relationships: Dating, marriage, and family in your 20s 1. 20-somethings and money: Why saving now is crucial Saving money in your 20s is crucial because it gives you a head start on your financial future. It can also help you weather unexpected financial challenges, such as job loss or medical bills. 2. How to start saving money in your 20s Starting to save money in your 20s is easier than you may think. Begin by setting aside a small amount of money each month. Then, make saving a priority by setting financial goals and sticking to a budget. 3. Tips for creating and sticking to a budget in your 20s Creating and sticking to a budget in your 20s can be challenging, but it's important to do if you want to save money. To make budgeting easier, start by tracking your spending and identifying areas where you can cut back. Then, create a budget that allocates your money towards your financial goals. 4. Investing in your 20s: Why it's important and how to get started Investing in your 20s is important because it allows you to take advantage of compounding. This means that your investment will grow over time, which can help you reach your financial goals. To get started, consider opening a brokerage account and investing in a mix of stocks and bonds.

BPAY ran their first 2020 conference last week, and they kindly asked C4tE to participate in the plenary (as we mentioned earlier). Our contribution, which you can find at Scribd, builds on our contribution to Deloittes recent retail breakfast, exploring the ideas from a payments angle.

The nutshell explanation is as follows:

The current retail model is a constructed environment and shopping a learnt experience a response to the creation of mass market products and supply chains.

The model is build on there pillars: customers identifying a need, searching for a solution to the need, and then transacting with a merchant that they may not know or trust. Money – cash at the point of sale – facilitates this, as it enables us to transact with someone we don’t know and may never meet again.

However, a number of trends we saw in FoEV suggest that this model might be breaking down. The mid-market dies, consumers seized control of the customer-merchant relationship, peers replaced brands, value is now defined by the consumer rather than the producer, payments are moving away from the till, and shopping is becoming increasingly impulse driven.

Consequentially the future of payments might not be a slicker PoS experience, as it may involve new trust models that do not push cash – payment at the point of sale – at the centre of the merchant-customer relationship.

PEG is presenting on The future of payments at the BPAY conference on 18 August 2016 at the Australian Technology Park in Sydney.

The topic builds on our recent The future of retail, and looks at how the evolving customer-merchant relationship might change the nature of payments.

Many prognostications around payments predict a future where payments are frictionless and, most likely, cashless. We'll wave our phone or our watch over the PoS (or our laptop) and value will magically jump from the default card in our e-wallet into the merchant's account, paying for anything from a car through meal or coffee to a micropayment for a single news article.

However, what if our instincts are wrong? What if the future of payments is not to have payments at all?

We forget that the current retail model — both face-to-face and online — was developed in the 1800s with the Industrial Revolution. Before then the PoS did not exist and few people bothered with cash. What we think of as retail is a constructed environment, and shopping a learnt experience. There are signs that social forces are breaking this model down, and it will be replaced with something new, something different.

Barclays PLC (ADR) (NYSE:BCS) has announced that it will be teaming up with Apple Inc. (NASDAQ:AAPL) in support of the latter’s payment service, Apple Pay.

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The decision by the bank is good news for Apple because it will allow the payment service to have a deeper footing in the UK. The service was launched in Britain in July 2015, but its adoption has been relatively small, and progress has been slow. The bank had previously been indecisive about linking its cards with Apple Pay.

Barclays Bank CEO, Ashok Vaswani, made the announcement that finally made the bank’s stance clear on the matter. He announced that the bank will officially launch its support services with Apple by April. Mr. Vaswani revealed through email that the bank will launch support services for Apple Pay in the next 60 to 75 days if things go as planned. Barclays will, therefore, begin to offer card support any time from mid-March to early April.

Barclays’ delay in initiating its services has been rather disappointing to Apple Pay and Barclays customers. The bank now hopes the launch date will not be too late to warrant the migration of customers to other banks. Barclays is yet to reveal the reason for the delay in adoption of Apple Pay, but the bank has been working on its own payment services.

One such service is bPay, launched in 2015. It also launched a near-field communication (NFC) payment service available to Barclays cardholders, not forgetting its joint operations with mobile payment firm, Zapp.

Barclays was the only bank among the four major British banks that was yet to support the NFC payment service. Now that it is, Apple Pay should benefit from an increased customer base.

The bank’s involvement will also encourage customers to trust the new service. One of the major hurdles faced by Apple Pay at the beginning of its launch was a slow adoption rate because it was a new service in the market and people did not trust it. However as banks offered support, the process of adoption by customers became much easier.

My bank keeps refusing to give me a contactless payment card and my poor iPhone 5s has still got a month of me using and abusing it until it’s due to be upgraded. That’s why I was delighted to see that Topshop have bought out a range of wristbands, smartphone cases, stickers and key chains that allows you to pay for things with a simple tap.

The fun monster fish range all contain a small bPay chip that links to a digital wallet. Whenever you see the contactless symbol on card machines you can simply use your phone case or keyring to tap and pay. There are 12 different designs in the range costing, quite modestly, between £15 - £32.

While wearables are still finding their feet when it comes to being both useful and stylish, I think this x bPay collection has managed to strike the right balance between the two. 

Also worth noting that later this year they will bringing out a luxe metal and snake effect design.

Barclays to join Apple. #Apple #Barclays #Applepay #bPay

Barclays will join Apple pay some where in 2016. No definate time has been mentioned by Barclays yet. This is the first time the bank has provided with the date for mobile payment launch service. According to Ashok Vaswani Barclays Retail banking chief, Barclays have signed up with Apple pay and it will launch in early new year. Jobson also complaints about the slow processing of Bank for Apple…