4860 Results from /payments
Retired Member
Picture the scene. I arrive last Sunday to participate in a sporting event. I park my car in a public car park next to the venue, a landscape of hills and woods. I sign on, warm up and spend the next hour or so plugging through the mud over hill and dale on my bike. I return to my car with the warm glow of satisfaction (well absolutely cream-crack...
23 January 2014 /payments
Elton Cane Digital product delivery at News Corp Australia
I can't say I was too surprised to see that Swedbank has scrapped its QR-code payment initiative. While the scanning of a QR-code could feasibly be used to trigger any function or transaction that can be executed on a mobile device, when it comes to payments it fails to match up to the many more convenient options that are available to consumers a...
23 January 2014 /payments Future Finance
Well, it looks like I'll finally have to remember the PIN on my infrequently used credit card. Visa and Mastercard have got their way after lobbying regulators so come August 1, POS terminals will only accept a PIN for authorisation on credit cards issued in Australia. Considering chip cards have been ubiquitous for some time, and 55% of POS credi...
23 January 2014 /security /payments Future Finance
Miloslav Hoschek Freelancer at e-Silk Road, NGO
Y2014 -Year ZERO D day-February 12, 2014 a new reporting for OTC derivatives takes an radical effect in Europe panic of present unprepared OTC derivatives market participants The lack of understanding what is going to happen The lack of clarity about exactelly what is required Expect the Unexpected new kind of communication between buy side a...
20 January 2014 /payments Payments strategies 2015-2020-2030
Zapp made some further progress by bringing onboard major banks. When it comes to e-commerce, Zapp could indeed represent a compelling value proposition if they do three things: (1) offer consumers the same protection as conventional credit cards; (2) provide e-merchants with liability shift in respect of chargebacks; and (3) extend Zapp to cred...
15 January 2014 /payments Innovation in Financial Services
Ganesh Guruvayur Senior Vice President, Head, Hub Solutions at Intellect Design Arena
Breaking the Mould – Creating a Supply Chain Aware Payments Platform Traditionally, payments processing has been subservient to many business domains such as Supply Chain Finance, Trade Finance, Integrated Account Receivables, Integrated Accounts Payables etc. The context for an outgoing payment emanates in a business silo, is executed and then ha...
13 January 2014 /payments
Everybody these days talks about Target data breach. It is serious and damaging for such massive company reputation. On top of that there is huge financial liability on Target's shoulders right now. There might be real need for re-issuing those 70 million or so cards (Target will be covering those costs most likely), potential for (real or fake) c...
12 January 2014 /security /payments
You may have seen the big news today that the European Commission has announced a proposed extension to the SEPA migration deadline of six months, from 1st February to 1st August. Their view is that the rates of adoption are not high enough to guarantee a smooth transition. According to the latest migration stats available, credit transfer adopt...
10 January 2014 /payments Payments strategies 2015-2020-2030
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
I should of course have added to the looking back at 2013 post - that the new direction for mobile payments also made a breakthrough. When it is realized that mobile payments should be payment receiver initiated in order to produce full value the speed in this direction will take up dramatically. How does this work and what does it mean? But first ...
10 January 2014 /payments Innovation in Financial Services
Referencing the move by Barclays in the UK to introduce mobile cheque imaging in response to the reversal of banking industry plans to kill off cheques by 2018, APCA CEO Chris Hamilton recently said that type of technology could be seen in Australia in the next few years. But any vendors involved in implementing Check21 in the US last decade and...
10 January 2014 /payments /retail Future Finance
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