Transaction Banking

A community for discussing technology trends, views and perspective in global transaction banking

Retired Member 

Beating Nationwide's Over the Counter Ban

Brilliant initiative from Nationwide, to restrict peoples' in-branch access to their own cash. It ignores those who don't want to draw £100 or more out and don't trust cash machines (like many elderly); nor does it help those who want coins for some or all of their withdrawal. I know a number of people who have kids at school age, and they need ...

13 April 2010 /retail

Retired Member 

How Not to Fight Card Fraud

Interesting to read that card fraud has taken a dive - a welcome development I guess for the industry, and for customers, who ultimately bear the cost and, when they are the subject of fraud, the worry and inconvenience whilst their affairs are put right. Amongst the many weapons that the industry employs is the monitoring programs that try and ide...

10 March 2010

Retired Member 

Apple iPad Executive Summary

This executive summary should save you 90 minutes of watching the apple keynote video. Corporate Update - Apple Inc now has - 3 online stores now - apps, itunes and new ibooks store 12 billion downloads to date - across all products, tunes, books, apps 3 billion app downloads in 18 months since appstore launched 140,000 apps available on ...

28 January 2010

Retired Member 

A Debit Card Development that Could Cost Us A Packet

I saw an interesting article in the Daily Telegraph the other day, which suggested that the Authorities are considering adding connected lender liability to debit card purchases. If this gains traction, I think it is a bad development for banks, that they should resist with all the force available to them. http://www.telegraph.co.uk/finance/perso...

22 January 2010 /retail

Retired Member 

Abolition of Cheques - I Hope the Banks Vote 'No'

If the banks vote to abolish cheques without first working through all the relevant scenarios where they are used today, I think they will be performing a huge disservice to the British public. The fact that there are still 3.8 million cheques used each day means that there will be a lot of inconvenienced people should they switch them off too ea...

23 November 2009 /retail

George Ravich President at Ravco Marketing, LLC

Digging for Gold - Winning in Transaction Banking

At the recent NEACH Payments Insights conference it was interesting to find an audience gripped by two strong emotions – excitement and fear. The excitement was about new opportunities in transaction banking and how the emerging generation of customer will drive change. And the fear? Disintermediation by fierce competition from new market entrants...

16 November 2009 /payments /wholesale

Retired Member 

2010 the start of the Debit Card Decade?

With the pain of the Banking induced recession, the ending of the ‘credit on demand' society, the growing animosity of the banking regulators, and the falling from fashion of the credit card, will its ‘poor cousin' the debit card be the payment product for the decade of 2010? Although the ‘look and feel' of the credit and the debit card are simila...

12 November 2009 /retail

Cedric Pariente Stanford Certified Project Manager at EFFI Consultants

Some People Can't Resist Chocolate!

Others can't resist gambling, drinking, smoking... There are plenty of vices on earth. But I think gambling is the most vicious. Not necessarily the most dangerous for health, but definitely the most vicious. Simply because it can easily change the way you think. The worst thing that can happen to you is to win!!! If you win the first time, gamblin...

07 November 2009 /regulation

Retired Member 

Bank Restructuring Wrong on so Many Levels

"I believe what we have here is a better deal for the taxpayer," so says Alastair Darling. No it isn't. The best thing for the taxpayer is for these institutions to be nursed back to health as they are and the shares sold on the open market at a profit - later. Carving up the banks is not good on so many levels: 1) Selling branches. ...

03 November 2009 /retail

Retired Member 

You like me....you really really like me...

Okay, I realize that unless you are a perpetual movie geek like me, you may not remember Sally Field's much maligned Academy Award acceptance speech ( I've happily included a clip so you can view it now). But it was the first thought that popped into my head as I read this article about First Direct. I think it's great that the bank is willing t...

14 October 2009 /payments /wholesale