This site would like to set some non-essential temporary cookies. Some cookies we use are essential to make our site work.
Others such as Google Analytics help us to improve the site or provide additional but non-essential features to you.
No behavioural or tracking cookies are used.
To change your consent settings, read about the cookies we set and your privacy, please see our Privacy Policy
Back to Contents
Volume: 1 Issue: 11
(August 2007)
Keywords:
payments
payment system
cards circulation
Authors:
david birch
dave brich
Organisations:
hyperion
Opinion: When payments go wrong
Running a retail payment system is pretty easy until things go wrong: dealing with that situation shows how robust an operation is. Take a look at what's been going on in Hong Kong, where there are currently seven million active Octopus mass transitcum-payment-cum door key cards in circulation. The company handles 10 million transactions (totalling more than HK$78 million, about US$10 million) every day.
You must be logged in and have an active full subscription to view full articles. Log in now
Comments
You must be logged in and have an active full subscription to view and post comments. Log in now
Breaking News
Search
Can’t find what you are looking for? Try an Advanced SearchSocial Media
Interviews
Q&A: Marc Brûlé discusses the Canadian Royal Mint's MintChip project
Q&A: FinCEN and virtual currencies: the coming of clarity and ambiguity Q&A: Tony Anderson, Partner at Pinsent Masons, on the new regulator for the UK payments systems sector Q&A: O2's move into mobile commerce Q&A: Sarah Carter, General Manager, Social Business, at Actiance, about banks on social media Interview with Joseph I. Rosenbaum, Partner at Reed Smith LLP, on mobile payments & financial institutions