5224 Results from /payments
Retired Member
The Lending Guidelines introduced by the Financial Conduct Authority (FCA) in 2014 affect more than just mortgage and loan application processes. They also apply to mobile operators that offer finance for handsets, utilities suppliers that are obligated to help customers falling into arrears with their bill payments and housing associations that ...
03 August 2015 /payments /regulation
As usual, Samsung is too late to the (mobile payments) party. Not because of Apple, but because of Google - read this fantastic piece by Tom Noyes whom I greatly respect (although Will, CEO of LoopPay that was bought out by Samsung, has some valid points too...) Samsung is not a pushover, and will continue muscling in, because they still don't und...
03 August 2015 /payments Innovation in Financial Services
My late grandmothers (paternal / maternal) never really went to a bank their entire life. Simply because most of their financial needs were taken care of by immediate family. Whenever she needed cash, she asked her father(-in-law), daughter(-in-law), son(-in-law), husband or some other trusted family member and they gave it to her at home. They we...
03 August 2015 /payments
Mark Twain famously said, “The reports of my death have been greatly exaggerated.” The same could be said, unfortunately, for cash. Although the death of cash has been discussed for many years and billions have been invested in more modern payment infrastructure and solutions, about 85% of all consumer payments around the world are still condu
30 July 2015 /payments
Dave Sanderson Banking Services Consultant at YBS Group
As a payments geek I was really excited about the launch of Apple Pay. So much so that I transferred my current account to a provider that would support it at launch rather than having to wait until “Autumn”. On launch day I loaded my card as soon as I got to the office and it worked perfectly. The security steps put in by my provider worked well ...
29 July 2015 /payments
PCI compliance is a vital step in creating trust between an organisation and its partners, and success in this realm can really boost customer confidence in a company. However, this can be a particularly tricky road to navigate. According to the 2015 Verizon PCI Compliance Report, only 29% of companies successfully maintained full compliance during...
28 July 2015 /security /payments
Despite the humble wallet & purse being with us for centuries the writing could be on the wall for their future existence. Mobile wallets have been around for a while, but have never really taken off. However, according to Apple, the UK launch of Apple Pay saw one million activations in the first three days, far beyond any other payment develo...
28 July 2015 /payments
Miloslav Hoschek Freelancer at e-Silk Road, NGO
The era after 2020 will be more volatile and full of drastic changes. What are the strategic areas for banking payment industry? Should payments be as quick as e-mails or messaging with smart phone applications? Banks must develop the faster and cheaper infrastructures. A new technology and protocols could provide banks with a competitive techno...
27 July 2015 /payments Payments strategies 2015-2020-2030
Cash is dead. The introduction of Apple Pay in the UK means that consumers can soon leave their wallets at home. At least that's what some are predicting. But perhaps we should take a moment before we consign cash to the transactional trash. Over the last fifty years, various payment methods have been introduced: cheques in 60s, credit cards in 70s...
27 July 2015 /payments
Ralf Ohlhausen Executive Advisor at Pay Practice
Instant Payments SEPA has long dominated the financial industry, but Europe’s next major payment project is just around the corner: instant payments. Leading the field here are the European Central Bank (ECB) and the European Retail Payments Board (ERPB), who are driving the development of a real-time payment system. Payments within Europe will, i...
24 July 2015 /payments
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