5266 Results from /payments
Retired Member
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
We used to call it “mobile POS” because it was essentially a MOBILE Point of Sale solution. But these days mobile POS often takes the form of a tablet fixed on top of a counter - which isn’t very mobile at all but still leverages the same basic technology. What we are witnessing is another example of mobile devices acting as a swiss knife, taking ...
22 July 2015 /payments
I usually tell new employees at Handpoint that it takes about six months to understand payments and that they shouldn't be overwhelmed by all the acronyms and abbreviations. That is a lie actually, as it takes forever to understand payments. In fact, I have not yet met a person who fully understands payments (down to the the nitty gritty details) ...
Did you know that the word “wallet” has been in use since the late 14th century to refer to a bag or knapsack for carrying articles? And that in the 19th century, wallets could be used for carrying money, victuals, dried meat, treasures and things not to be exposed! Honestly, I didn’t know about the meat! But here’s what I do know about wallets fr...
21 July 2015 /payments
Banking is in the throes of unmatched change and potential disruption. The shift to digital and mobile technologies combined with changing consumer demographics—especially the increased importance of Millennials—present vast opportunities for innovators. This blog describes critical elements that banks need to consider to become more relevant
Simon Black
Ten years from now the way we think about cash and wallets will be very different. For most people cash, and specifically physical money, will be kept at home and used only on rare occasions when needed. Similarly, physical wallets that are currently a staple fixture in people’s handbags and pockets will be stored in a drawer, or more likely, may ...
The Isle of Man, indeed the entire World, stands on the edge of a new technology era. Since the arrival of the Internet a piece has always been missing. That has all changed now with the arrival of decentralisation via the Internet. New advances in cryptography and computer networks have resulted in the emergence of new technology that will change ...
Charmaine Oak Co-Founder/Director at Shift Thought Ltd
I had an opportunity to catch up with Nitish Asthana of First Data who provided a fascinating account of how the fast moving payments scene in India is changing the very fabric of daily life. As 900 million mobile phones become potential new payment instruments for the 1.2 billion population, this has a potential to transform not just consumer paym...
21 July 2015 /payments Innovation in Financial Services
Ganesh Guruvayur Senior Vice President, Head, Hub Solutions at Intellect Design Arena
In the electronic payments world, the complex maze of payment product processors in banks, each dedicated to a payment type, led to the evolution of an envelope layer that would sit behind all payment origination channels and ahead of the core payments platform. This intermediate sliver application was responsible for efficient orchestration of pa...
20 July 2015 /payments
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