4860 Results from /payments
Craig Ramsey Head of Real-Time Payments at ACI Worldwide
Over the past three months I’ve covered 10 transaction banking topics that can help take your institutions from good to great. For the second half of my blog series, I’ve covered topics from non-functional requirements through to that ever important subject of trust. In case you missed some of my posts, here is a quick recap. You can find the full...
09 June 2014 /payments
Retired Member
It was interesting to see many Finextra readers defending cash. Most arguments in favour of cash are based on sentiments, rather than hard facts. The best authority on that subject, IMHO, is Dave Birch of Consult Hyperion. He wrote almost 150 blog posts on cash, citing or referencing mind-opening statistics and facts. Attempting to sum up Dave's ...
09 June 2014 /payments Innovation in Financial Services
It seems that developing countries who are lean through necessity, Africa is a good example, with less legacy technology and changing economies, including a burgeoning trade flow that requires more efficient and automated cash management offer us inspiration to do things differently, and do them well. Traditional Western markets are inherently fat...
05 June 2014 /payments
Colin Weir CEO at Moroku
Cash may be losing ground to alternatives but it is still 47% in Australia and 85% of all retail transactions globally. It comes down to: 1/ Anonymity - Many segments of the economy are still cash and we love it 2/ Speed and experience compared to banking products – cash is still way faster and more convenient than bank alternatives. Standard Chart...
Bernd Richter SVP - FIS Impact Ventures at FIS
Payments need to be profitable once again, as well as compliant. The good news is that they can be. Granted, payments are not the dependable cash cow they once were – a guaranteed profit producer, easy to maintain on a bed of legacy technology. The game is far from being over however. Making payments pay may be a challenge. But it’s by no means out...
04 June 2014 /payments /wholesale
Daniel Szmukler Director at EBA
As this year’s EBAday approaches, there is plenty of talk about what the retail payments landscape of the future will be like. Just as recent years have seen rapid change in this field, this trend only seems set to gather pace. So what is on the cards for the coming years? In the run-up to 2020, we are seeing convergence and mobile technology as ...
04 June 2014 /payments EBAday
Is it just a matter of time before disaster strikes and a lot of unsuspecting people lose their money? That is a real possibility and in that crisis there will be no deposit guarantees and no government bailouts. And the EU is now missing the opportunity to plug the hole. Bear with me as I walk you through it. Accounts for consumers and small bus...
04 June 2014 /payments /regulation
When about a month ago I read a blog by David Marcus “State of Payments: Reinventing Money” it triggered an immediate reaction in me to respond. That reaction was not of a disagreement necessarily but of a protest against a flat one-sidedness of Mr. Marcus view on ‘money reinvention’. With all respect to the author, I could not accept a notion
03 June 2014 /payments
I’m not one to quote Nietzsche, but he is attributed with saying “I'm not upset that you lied to me, I'm upset that from now on I can't believe you.” And herein is one of the most important factors in Transaction Banking, trust. Over the past ten weeks, I’ve explored a wide range of subjects that affect the Transaction Banking space; you can read t...
Summer is upon us, and it's time to do mid-year revision of my predictions for 2014 (last year I got 6 out 7 right). Wearables - tick Samsung's Gear 2, Moto 360 by Motorola, G watch by Google (developed by LG), One by HTC and iWatch by Apple are going to hit the shelves soon. None of those smartwatches support mass transit or mobile payments (iW...
02 June 2014 /payments Innovation in Financial Services
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