254 Results from 2014, /payments
Tushar Chitra Vice President, Product Strategy and Marketing at Oracle Financial Services Software
Over the last two years or so, the mobile payments landscape has been abuzz with the supposedly disruptive potential of near field communications (NFC) technology. Predictions have been made about the imminent obsolescence of plastic cards and controversies have erupted over Apple’s refusal to acknowledge NFC and rumors about Verizon blocking Goog...
19 March 2014 /payments Future Finance
Craig Ramsey Head of Real-Time Payments at ACI Worldwide
Nothing annoys me more than failed promises. And of course I'm not alone. At one end of the spectrum, it might be just the electrician not turning up on time, but in our world of IT, failed promises start to cost people their jobs. As we come to week 2 of my blog series, I want to look more closely at payment hubs. I suspect that they are one of th...
18 March 2014 /payments
Andy Morris Risk Business Solutions Consultant at ACI Worldwide
Disappointingly, judging from the recent latest round of fraud statistics,[1] it looks like the UK is back on the naughty step in terms of countries with the highest fraud losses. New figures released by Financial Fraud Action UK (FFA UK) show that levels of card and online banking fraud rose during 2013, with fraud losses on UK cards totalling £4...
17 March 2014 /security /payments
Retired Member
The role of a chief executive at a global transaction bank, I’m inclined to believe, is more complex than that of a conductor of an orchestra, even one with a considerable heritage of musical excellence. In an orchestra, all instruments are tuned to a common pitch. And, a certain competence with the score to be rendered—the single source of truth...
15 March 2014 /payments Future Finance
Browsing through the pages of the FT website the other week I was amazed to discover an article which predicted the rise of a cashless China. Highlighting the recent explosion in credit/debit cards, of which there are currently 4.2bn of in circulation, the article states that approximately 70 percent of consumers in China’s largest cities prefer c...
14 March 2014 /payments
Memories are unreliable because our memory is not an archive of genuine documents. After certain time interval facts are re-weighted and positive events are preferably preserved in our long-term memory. This human characteristic makes many believe that if Apple will bring a mobile payment system on the market again another revolution in this econo...
I applaud AmEx's recent initiative to use technology to help the plight of Amercia’s 70m underbanked citizens, but I do hope it knows that there’s no need to start from scratch. The work being done by e-money institutions in the UK, on the Visa platform in particular, to address the needs of the financially underserved is world beating. UK progra...
13 March 2014 /payments
New York’s financial regulator has today called on companies to submit proposals to regulate Bitcoin and other digital currencies. This follows news that the EU has recently issued warnings on the safety of Bitcoin and the Chinese government recently announced a ban on payment companies clearing the digital currency. While the news out of New York...
Mobile payments. HCE. Mobile wallets. Wearables. This launch, that announcement. Blah, blah, blah... There is so much overlapping noise, confusion and lack of any clear direction in the market right now. Apple has been flying below the radar lately, on all fronts. Yet, anyone who is active in mobile payments should not forget how disruptive Apple c...
10 March 2014 /payments Innovation in Financial Services
My introductory blog last week included references to a bicycle race. I now bring us to our first race stop, and this week we're going to talk about ‘real time’. At this point in the race, our cyclists are looking around and seeing how the competition compares. For a bank, this means how they compare to their peers and industry leaders, and for ...
10 March 2014 /payments
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.