4860 Results from /payments
Colin Weir CEO at Moroku
Russian President Vladimir Putin heads to China tomorrow to tighten relations with Beijing as ties worsen with the West over the Ukraine crisis. Along with Oil, gas and some 100 Sukhoi-Superjets Chin Union Pay is likely to be on the table as the Kremlin seeks to implements its own national payment scheme and keep the US administrators of Visa and ...
19 May 2014 /payments
Nanda Kumar CEO at SunTec Business Solutions
The recent news that Facebook is close to gaining a banking license in Europe is an interesting development, and potentially quite a frightening one for the established banks. No longer will banks be able to complain that e-money technology vendors are cutting costs by way of their freedom from proper regulatory scrutiny. Now, Facebook will be pla...
15 May 2014 /payments
Brett King CEO & Founder at Moven
Square's recent troubles are not exactly a secret. Wall Street Journal published a detailed analysis on the 21st of April this year, detailing Square's financial troubles and their rapidly shrinking cash position. Square took on a $100m debt financing option earlier this year, but even with that option, WSJ and The Verge reported that they only h...
13 May 2014 /payments Finance 2.0
Retired Member
Predictions of a ‘paperless office’ have been being made publically since 1975[1], but for many organisations this is still a dream, rather than a reality. Nowhere is this more apparent than in accounts payable departments. Almost three-quarters[2] (71 per cent) of AP organisations state that over half of their invoices arrive in paper format. ...
13 May 2014 /payments
Recent high profile data breaches at the POS and compromise of cardholder account data have certainly led to the popular notion that payment security at the POS needs to be tightened through EMV; no wonder, Target has announced plans for Chip and PIN EMV by partnering with Mastercard. Before spending some 8 B$ (according to Javelin Research) to up...
...help achieve short release cycles and increase competitiveness The first question I often discuss with organisations embarking on mobile payments projects is: “What do you do to ensure a consistent positive user experience across the breadth of your customer base?”. I ask this question, because not only will it decide whether your mobile pay...
Chris Errington Semi-retired at None
I sat in on an interesting case study discussion at the London SWIFT business forum last week about the use of extended remittance information (ERI) to improve automation of accounts receivable and payable. HSBC, BNP and Orange spoke about a successful proof of concept they carried out which demonstrated the value of using ISO XML messages (specifi...
13 May 2014 /payments Innovation in Financial Services
Ritesh Agarwal Senior Management at On My Own
In last decade, I have been swiping cards on the portable EDC machines, carried by Pizza Guy or even my Milk Supply person. They have had this machine for almost a decade and I "trust" this machine for it's form factor, apparant secured looks and ease of use. Dongle connected to a mobile set, while offers 'Mobile' PoS; it rather creates ...
09 May 2014 /payments Payments strategies 2015-2020-2030
With the UK parliamentary elections only a year away, the shadow Financial Secretary to the Treasury Cathy Jamieson MP has set out Labour’s views on retail banking and the payments market in particular. Speaking at a payments industry dinner last week at the Armourer’s Hall, she couldn’t resist pointing out that as a Labour politician locked in a ...
09 May 2014 /payments /retail Innovation in Financial Services
This was originally posted on Swedish Startup Space. In 2008 I was the Head of Fraud Analytics for FraudSciences, an Israeli startup developing fraud prevention solutions for eCommerce. One evening in January of that year, we convened to talk about our annual plans. Our COO, a quiet guy in his 50s, said: “First thing’s first: the PayPal test resul...
09 May 2014 /payments /startups
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