254 Results from 2014, /payments
Retired Member
Heated polar debates over Bitcoin are in full swing. Even the banking community, let alone non-fin companies, are divided in their opinion. With over 80 (!) competitors and wannabes, Bitcoin is not the only cryptocurrency out there. More schemes are in the making. Only a couple will survive long-term (and Bitcoin may not be one of the winners). ...
29 January 2014 /payments Innovation in Financial Services
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
With proper I mean structured e-invoicing - not e-mailing PDFs (as bad as paper mail - or even worse due to spam filters..). So why? Your customer 1. gains convenience - especially with simple mobile payment approval 2. saves cost in the region of 15-30€ per invoice as payment approval and payments can be automated 3. saves much more when accountin...
Banks have seen a number of challenges over the past few years and now find themselves facing a brand new, unexpected challenger in the payments marketplace: the telecoms! Can telecom service providers give banks a run for their money in providing payment services to customers? That may be the case, as evidenced by the success of pioneering initia...
29 January 2014 /payments Transaction Banking
Last week, T-Mobile announced that it was 'taking on the US banking market' with a mobile app and a prepaid card. The story stated that the company was targeting this service at the 68 million Americans that do not have traditional banking accounts, many of whom rely on expensive alternatives like payday lenders. The account boasts no minimum bala...
29 January 2014 /payments
In my earlier post around security we hovered around payment security aspects and the importance of security standards like PCI DSS to your payment systems. We can now look into the specific challenge of product selection, if you are a CIO/CTO looking to upgrade or implement a new solution to meet your business needs then security and associated c...
28 January 2014 /security /payments
Pat Carroll Founder/Executive Chairman at ValidSoft
It’s good to see the Bank of Scotland focussing on the mobile customer experience. Clearly they see this as a significant competitive advantage, and promoting it as such, whilst also highlighting the security features of their approach. With mobile, streamlining the login process, enrolment and activation is key if banking apps and wallets are to ...
28 January 2014 /payments Innovation in Financial Services
In December 2014, the Bank of England made a decision to introduce Polymer Banknotes into circulation, starting with the £5 notes in 2016 and the £10 note in 2017. On behalf of Cash Management Solutions, I have voiced my concerns in an open letter to the Bank of England: -- [STARTS] Dear [Name supplied if requested], I am writing to put some ...
24 January 2014 /payments /regulation
Picture the scene. I arrive last Sunday to participate in a sporting event. I park my car in a public car park next to the venue, a landscape of hills and woods. I sign on, warm up and spend the next hour or so plugging through the mud over hill and dale on my bike. I return to my car with the warm glow of satisfaction (well absolutely cream-crack...
23 January 2014 /payments
Elton Cane Digital product delivery at News Corp Australia
I can't say I was too surprised to see that Swedbank has scrapped its QR-code payment initiative. While the scanning of a QR-code could feasibly be used to trigger any function or transaction that can be executed on a mobile device, when it comes to payments it fails to match up to the many more convenient options that are available to consumers a...
23 January 2014 /payments Future Finance
Well, it looks like I'll finally have to remember the PIN on my infrequently used credit card. Visa and Mastercard have got their way after lobbying regulators so come August 1, POS terminals will only accept a PIN for authorisation on credit cards issued in Australia. Considering chip cards have been ubiquitous for some time, and 55% of POS credi...
23 January 2014 /security /payments Future Finance
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