339 Results from 2011, /payments
Brett King CEO & Founder at Moven
Last year I commented at SIBOS that there was finally the realization that things weren't returning to normal - a new normal was emerging. This was a common theme emerging from the myriad of discussions and debates over how the industry would emerge from the wreckage of the Global Financial Crisis. In their typical prophetical style, the Innotribe ...
09 September 2011 /payments /retail Innovation in Financial Services
The announcement that the Canadian carrier Rogers Telecom has applied for a banking license should hardly come as a shock to the retail banking fraternity. There is already a plethera of mobile carriers fully engaged in mobile payments right now, from Safaricom in Kenya, Orange (with Barclays) in the UK, the ISIS collaboration in the US, LG Telec...
08 September 2011 /payments Innovation in Financial Services
Retired Member
During summer I was toying around idea how mobile payments could be combined with barcode readers. Some of my friends have with their iPhone online banking app. They can scan new paper payments with camera and barcode. When scanning picture they upload document info to banking app and pay. It seems to work fine with them. For this idea, I started ...
05 September 2011 /payments Online Banking
Although it is a long-time off yet, we can now envisage a time when most of the developed world, and indeed most of the developing world will no longer deal in hard currency. There are a number of drivers for this: 1. Impact of mobile payments 2. Tighter money laundering requirements, and 3. Cost of physical handling versus electronic transactions ...
02 September 2011 /payments /regulation Innovation in Financial Services
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
We often come across statements that e-invoicing is a domestic issue - the cross border part is so small (some 5%) that we do not really need to care. This is a false picture as can be arrived at by just looking at the volumes of cross-border trade. The reason for this misunderstanding is that enterprises have to establish local subsidiaries and t...
01 September 2011 /payments Innovation in Financial Services
This blog was created while Mark was working at The Logic Group. Once again, my thoughts turned to mobile transactions this week. This was off the back of reading that mobile conversion rates for a retail website are 25% higher than there main site! How can this be so? How are so many people viewing an item on their mobile, and buying it in one si...
01 September 2011 /payments
Recruiting great salespeople from outside the payments industry can be a winning strategy. But there’s an obvious problem: they have no experience of the industry. How do you help new hires to learn the knowledge they need to be effective quickly? I work a lot in the payments industry, and I’ve seen this strategy work very well for merchant acquire...
01 September 2011 /payments Payments strategies 2015-2020-2030
In Europe, most banks have already implemented Basel II. The next step is complying with Basel III, which has significant add-ons compared to its predecessors – including much higher capital and liquidity requirements – specifically shining a torch on the so called global systemically important financial institutions (GSiFis). In the US, the Basel...
People often ask me, “Hey Mike, when do you think checks will disappear as a form of payment?” This is a good question; not just because companies like mine are focused on helping other companies Leave the Check Behind, but because checks are costly; they consume natural resources; they are subject to fraud; and they are the most inefficient form o...
31 August 2011 /payments Innovation in Financial Services
The financial world is searching for ways onto a path of stable growth. However, there are challenges along the way. Trust among customers – both retail and corporate – has yet to be fully regained. The depth, breadth and frequency of regulation is increasing as new bodies such as the EBA come into clearer focus. Revenues, and therefore profits, a...
26 August 2011 /payments
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