4860 Results from /payments
Retired Member
It’s fair to say that Apple knows a thing or two about disrupting a sector. Portable music players, mobile phones, tablet computing…its track record in fundamentally changing how we use and consume hardware and software is well established. iBeacon, a Bluetooth-based communications and micro-location system whose underlying technology was incorpora...
01 April 2014 /payments
In the US there is a Big Data project to collect every life sign data from every patient. The idea is to monitor patients and their medical histories, then to review if any warning signs are consistent, say before a heart attack. Then if those signs appear in the future with patients they can be an indicator that there is an imminent heart attack ...
01 April 2014 /payments /regulation
We have all heard about KYC, Know Your Customer and KYB, Know your Bank but it’s emerging that, particularly in the Corporates world, KYV, Know Your Vendor is just as important. For Corporates, the process of selecting a reliable, honourable, and committed vendor partner who not only has an in-depth understanding of their requirements and their in...
31 March 2014 /payments Payments strategies 2015-2020-2030
The date was April 17, 1970. Everything was going like clockwork on the Apollo 13 moon mission when all of a sudden it wasn’t. Oxygen tank #2 blew up, causing tank #1 to fail as well. The command module’s normal supply of electricity, light and water was lost, and the crew were about 200,000 miles from Earth. Getting the men home safely was one of...
30 March 2014 /payments Future Finance
James, Thanks for a great overview of the approach to ISO20022 and SEPA! If one can regard ISO20022 as an ICD(Interface Control Document), and in many ways it is useful to do so, then I am a little disappointed that those of us who were around when EDI was being introduced cannot remember or have not been asked to remember the issues that faced us...
28 March 2014 /payments
1. Business to business payments serve the area of trade and finance that is marked by heightened complexity, diversity of use cases and uniqueness of commercial interaction. Parallels with C2B commerce and payments are many but those are commonly on the surface. In details and in forms commerce and payments interactions between businesses are
27 March 2014 /payments
Craig Ramsey Head of Real-Time Payments at ACI Worldwide
Customers are the most important piece of the transaction banking puzzle. Without them, we have no industry. So this week on our third stop on the “Tour de Transaction Banking,” I want to discuss KYC (know your customer). This concept is not just a demand from regulatory authorities, but it is also essential to ensure success in any bank’s transac...
25 March 2014 /payments
StartUp is risky business. It’s well known that half of new ventures fail and the best an investor can expect from nine of ten investments is return of capital for a portfolio of ten. Consequently, the tenth investment must become the lottery ticket of 20X or more. Since investors do not know which of the ten will be the fortunate one, all inve...
24 March 2014 /payments Innovation in Financial Services
Earlier this year, it was announced that the Government intends to sell off a further £12bn of student loans in 2014. Mark Russell, chief executive of the Shareholder Executive, which manages a string of taxpayers’ assets, told The Daily Telegraph that the landmark sale would begin to take place this year. Market testing by the Shareholder Execut...
24 March 2014 /payments
Is wearable technology the new digital wallet? A few months ago I joined the wearable technology community by purchasing the Pebble smartwatch, a darling of Kickstarter crowd funding, the Pebble raised $80 million, the most successful Kickstarter project to date. At first I felt a little geekish wearing the shiny black device, but as I started to ...
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