273 Results from 2015, /payments
Retired Member
Virtual currency transactions make it increasingly easy to quickly move money around! In the days of yore, Aristotle envisioned a time when physical currency would replace the simplistic system of bartering. To Aristotle, the use of coins would determine how transactions would be conducted. Fast forward to the present time and things look a whole ...
22 January 2015 /payments
Most people know the Pareto principle as the “80-20 rule.” It says that, for example, 20% of your sales force delivers 80% of your sales, or 20% of your customer base delivers 80% of your profits. This rule has significant implications for banks, and this post focuses on how banks can improve their profitability by shifting their least profita
21 January 2015 /payments
The launch of Apple Pay may have been the most impactful announcement of any tech firm this year. The tech titan with the Midas touch and customer experience extraordinaire will finally make mobile payments work where so many other have stumbled. I will finally be able to leave my wallet at home and transact anywhere I want with my (ever bigger) s...
20 January 2015 /payments
Records were broken in 2014 for Bacs Payment Schemes Limited, the company behind Direct Debit in the UK; demonstrating automated payments such as Direct Debit remain in favour with businesses in the UK. Figures published by Bacs Payment Schemes in December 2014, showed that it had processed as many as 98.6 million transactions in one day in Novem...
Derek Garriock Innovation Director at Experian
This time last year adoption rates for The Single Euro Payments Area (SEPA), particularly for direct debits, were still woefully low. For those who are unaware, SEPA is a payment-integration initiative from the European Union for the simplification of bank transfers denominated in euro. Its aim is to improve the efficiency of cross-border payments...
The digital transformation of payments is driving innovation and helping to grow the overall payments market. This is a good thing for most players in the payments space, but the key question for banks is whether they—as the incumbents—will be nimble and innovative enough to tap into this opportunity. This blog looks at the opportunities and t
Technology is repainting the payments landscape. Given the complexity of the payments ecosystem in various countries, change happens slowly. Sometimes it takes decades, but change does happen. Newer digital technologies may accelerate this evolution. This post looks at the future of money and how it will evolve to become cash-less, card-less
Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions
I’ve been shopping online since circa 1998 but, over the years, the following factors have taken the shine off my initial enthusiasm for ecommerce in India: Driven by VCs braying for profits, many ecommerce players in India have moved from the traditional inventory model to the asset-light marketplace alternative. Based on my exposure to this mode...
18 January 2015 /payments
Lu Zurawski founder, iKnowMe at Lu Zurawski
What do you do when a homeless person asks you for cash? No-one is judging you. We are a broad church here across Finextra and acceptable answers may include giving a donation, doing absolutely nothing, or perhaps doing the “pat your pocket – got no change” dance. But how do you respond when the appellant also presents a chip-and-PIN card reader? J...
16 January 2015 /payments
While many of us are accustomed to seeing a lower cash price at gas stations vs. paying with debit or credit cards, differential pricing remains the exception rather than the rule with most other U.S. merchants. This blog explores cash as the lowest cost payment type and looks at how digital technologies may further impact this phenomenon in th
15 January 2015 /payments
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