Payments strategies 2015-2020-2030

Payments systems visions, strategies, trends, pilots, forecasting, and planning for the short-, medium-, and far-term.

Retired Member 

Understanding Health Care EFT Standards: Part II

In-Band vs. Out-of-Band Remittance Delivery… In Part I of my Understanding Healthcare EFT standards blog, I identified several major obstacles for health care providers to adopt EFT (electronic funds transfer) and ERA (electronic remittance advice). In Part II, I will explore the differences between in-band versus out-of-band remittance delivery...

19 December 2012 /payments

Retired Member 

The future of payments is more than payments

Despite a few technical changes that have occurred in recent years, until now the traditional payments landscape hasn’t changed much since the first payment card was introduced a few decades ago. The Point-of-Sale (POS) has largely retained its primary focus of allowing retailers to accept and collect payments from consumers. This is rapidly chang...

13 December 2012 /payments /retail

Retired Member 

South-south trade - the elephant herd in the room.

The Ancient Mayans predicted that the world will end on 21st December 2012. While some of us may laugh at those stocking up on the non-perishables or forgoing Christmas shopping, the Mayans – who considered themselves a developed economy – may have been on to something. While booming markets in Africa, India, Asia and South America delight global ...

12 December 2012 /payments

Retired Member 

Understanding Health Care EFT Standards

On March 23, 2010, the Patient Protection and Affordable Care Act (PPACA) was signed into law. Section 1104 of the PPACA requires the adoption of operating rules for health care electronic funds transfers (EFT) and electronic remittance advice (ERA) transactions. The goal of section 1104 is to reduce the administrative burden on healthcare provi...

05 December 2012 /payments

Retired Member 

All change for retail banking in the UK

The Parliamentary Commission on Banking Standards has been a hive of activity recently, gathering evidence from the chief executives of UK banks as well as key thinkers such as Sir John Vickers, who chaired the Independent Commission on Banking, and Andy Haldane from the Bank of England. The Commission is composed of a formidable array of talent f...

20 November 2012 /retail

Andres Fontao Partner at finnovista

Is it time to leave the cash and cards at home?

I am recently back to Madrid from a week-long business trip to San Francisco. Despite working in the mobile financial services industry for the past 5 years, until this week I had never encountered a true opportunity to engage in native mobile payment and commerce transactions. Before arriving in San Francisco on Tuesday night, I could count with ...

19 November 2012 /payments

Retired Member 

Place your bets - insights on mobile payments

Some fascinating insights were revealed at the Sibos session “Placing your bets on mobile payments”. The panel included Dan Schatt from PayPal, Kelly Bayer Rosmarin from Commonwealth Bank Australia and Kiyoyuki Tsujimura from DoCoMo Engineering. Emmanuel Daniel from the Asian Banker prompted lively sparring between the panelists with some well-c...

05 November 2012 /payments

Retired Member 

Death by regulation

One of the most interesting sessions at Sibos on Wednesday looked at the impact of regulation on transaction banking, which would at first glance fall into the “boring, complicated and dull” category; however it was both fascinating and worrying. The session pitched two senior banking figures, Francesco Vanni d'Archirafi of Citi and Jaspal Singh Bi...

01 November 2012 /retail

Retired Member 

Lessons from Japan

Things I have learned in the first two days here at Sibos in Osaka. I encountered my first musical heated toilet seat; I learned that the ATMs here dispense coins, and I discovered that everything is incredibly expensive - a fact neatly illustrated by a stunned Financial Times staffer who discovered his room service club sandwich had set him back ...

30 October 2012 /payments /retail

Retired Member 

Unlock your mobile for payments

The financial services industry has not faced so many difficulties since The Great Depression in the 1930s. The combined pressures of government legislation, regulation and low levels of customer trust are putting a spotlight on banks’ reputation and profitability. A wave of start-ups is looking to capitalise on this ‘anti-bank’ sentiment, with the...

25 October 2012 /payments