Latest opinions that Eric Smith has shared on Finextra

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Eric Smith

Senior Pre-Sales Consultant

Dynamic Partners

Member since

07 Feb 2013

Location

London

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Eric's opinions

Everyone's a winner - The benefits of loyalty rewards

Companies across an array of industries, whether they be hospitality, retail or financial services, offer loyalty rewards to their consumers. When one thinks about loyalty schemes, the idea of retail outlets offering bonus points to their customers is the first thing that comes to mind, especially with the likes of Starbucks and Nando's recently r...

02 September 2013 /payments

The death of cash - simply an urban myth?

As innovative payment technologies hit the market, like the PayPal 'check in' service that launched in London this month, it seems that coins and notes are becoming less important. As countries like Sweden appeal for a 'cashless society' and physical cash continues to cost economies vast amounts annually, one needs to ask if cash really will die o...

21 August 2013 /payments

The extinction of ATM and POS?

I attended a course some months back about developing a mobile proposition. It was suggested that with the growth of mobile payments and banking, the importance of existing “older” channels would decline. Whilst in terms of sheer numbers, that may be true, this shouldn’t be read to mean that channels such as ATM and POS will disappear - far from it...

10 July 2013 /payments

Are we losing the war on cash?

The latest news from the UK Payments Council, especially on the back of the recent study by Market Platform Dynamics shows that the use of cash is greater than ever, despite the plethora of electronic and mobile alternatives. For those outside the payments industry, the true cost of cash is invisible – they think it’s ‘free’, But actually, physical...

10 June 2013 /payments

Blood in the Water - The Payments Feeding Frenzy

The world of payments has, of late, become like a sharks feeding frenzy. Blood in the water... well money. There are new announcements being made daily. New partnerships. New programme launches. New approaches and technological innovations. New cool apps and payment devices. So many “disruptive” propositions. It’s wonderful and yet it is also confu...

25 March 2013 /payments

Mobile Payments and Banking - The 'Real' Security Risk

Let me start by saying what wonderful things mobile payments and mobile banking are. You can’t deny the convenience of being able to bank, pay for goods and services, and perform P2P payments while “on the go”. It is these little conveniences that help turn train and bus travel into something more useful than simply reading the newspaper. With the ...

18 March 2013 /security

Payments Evolution Becomes Revolution

Did you see the news item about the fossil discovery that they say is the “missing link” and “ancestor of all mammals”? A small shrew-like creature that became the whales, penguins, kangaroos and humans we know today. Miraculous! Isn’t Mother Nature wonderful in how it can adapt? Yet this evolution took place over thousands, even millions of years...

25 February 2013 /payments

James Bond and Payments

With the latest instalment of James Bond; “Skyfall” out on DVD and Blu-Ray this week, I started thinking about how the world of payments is like the world of James Bond. Bond has to sort the good guys from the bad ones. In payments we must identify what new technologies and payment methods will become mainstream trends and which are simply a “flash...

19 February 2013 /payments

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