Latest opinions that Alexander Mifsud has shared on Finextra

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Alexander Mifsud

Co-Founder and CEO

Weavr.io

Member since

04 Sep 2003

Location

London

View Alexander Mifsud's full profile

Alexander's opinions

Support non-acquired suppliers to shift the needle on card payments

Commercial card payments have failed to take off, despite significant potential benefits for suppliers, buyers, and card providers. Today, only some 2% of global business spend is captured on card. Next generation virtual payments platforms will transform commercial card payments if they enable three winning strategies to counter today’s barriers t...

09 December 2016

Are interchange economics the largest barrier to commercial card usage?

The benefits of commercial card payments seem clear enough. Buyers can streamline their Procure to Pay process, drive working capital benefits and access rich transactional data. Suppliers can improve their Days Sales Outstanding (DSO) and enhance customer relationships. Banks can grow transaction revenues while keeping their corporate clients hap...

18 November 2016

The battle of three for banking supremacy

Everyone knows that just a few years ago banks owned the financial sector. The only way to pay, transfer and save money was via a traditional bank. The reign of the banks was maintained principally due to the fact the industry was highly regulated and therefore an exclusive club of licence holders. As such, it was seemingly immune to the huge ch...

02 February 2016 /payments

Payment predictions for 2016

The payments industry is currently going through a period of rapid transition, driven by the pace of innovation, new forms of competition and weightier regulation. 1. Interchange fees will shake up the European card market One of the most immediate changes is the European Union regulation on interchange fees. Interchange is paid by merchants t...

22 January 2016 /payments

Banks, don't be scared of prepaid, but do it right

JPMorgan Chase may well be missing a trick here. There is a LOT of money to be made in prepaid. MasterCard is putting the global growth of the prepaid market as a whole at 27% CAGR – it’s already a big market and is set to grow further over coming years. Think all the money from prepaid is to be made in consumer prepaid? Wrong. The cards which JPM...

16 January 2014 /security

Finovate: Searching for the elusive 'proven innovation'...

The inaugural Finovate Europe that took place in London a week ago certainly sparked a lot of opinions, both online and on the conference floor. Regardless of how innovative or otherwise you considered the demoing-companies to be, there were a few very relevant themes raised during the day. Some of the more exciting demos were the ones that attemp...

08 February 2011

Can banks compete with PayPal?

Yesterday I listened to a talk from PayPal at one of Europe’s largest online innovation and developer conferences, LeWeb. The company was incredibly bullish about the online ecommerce market and explained that its business was now not only derived from online retailers and merchants but also offline, brick and mortar organisations that are seeking...

09 December 2010 /payments

Payments-in-the-cloud

Rumours have been rife over the past month about a potential deal between Google and PayPal that would see the latter powering the payment system on the Android Market. Last week an announcement about the deal went up on the PayPal blog, which was then immediately removed. Either way, we can be confident that an official announcement will follow s...

01 November 2010 /payments

A more open approach to innovation

The recent Finextra webcast on retail banking innovation caused some a debate from various industry experts. The general consensus seemed to be that banks are severely constrained in terms of how much information they can share about innovation: The mania to protect intellectual property and reputation means that innovation teams are constrained f...

30 September 2010 /payments

Who's next in online payments innovation?

The web is currently awash with innovations to monetise social networks and digital business. Google has continued its buying spree by acquiring Jambool which means that it can integrate virtual currency software to its services. The move is indicative of the efforts of many in the industry at the moment to establish the yet-to-be-defined blueprin...

13 September 2010 /payments