5244 Results from /payments
Samee Zafar Director at Edgar Dunn Company
On July 1st, PayPal the global payments company agreed to acquire Xoom, an online remittance specialist for nearly a billion dollars. Founded in 2001, Xoom is a surprisingly successful digital upstart in a fragmented industry dominated by a handful of global giants with large agent based networks (such as Western Union and MoneyGram) on one end and...
06 July 2015 /payments
Retired Member
When I first entered the remittances industry the separation of these two industries was seen to be one of the laws of the universe, just as mobile was isolated as the solely desired channel for which new silos had to be built. I wrote The Digital Money Game to address the issues I foresaw with the convergence of industries and services into a mul...
02 July 2015 /payments /retail Innovation in Financial Services
Jeremy Light Co-founder at Fourdotzero
The UK payments system, Faster Payments, is the world leader in real-time payments. It is likely to process over 1.2 billion transactions in 2015, a volume far ahead of all other similar systems globally. With seven years of operations, there are key learnings and insights from Faster Payments relevant for the growing number of countries planning ...
01 July 2015 /payments /retail
Charmaine Oak Co-Founder/Director at Shift Thought Ltd
In honour of Canada Day today, I fell to thinking about how mobile payments may be able to help folk lead happier lives, for instance by providing more opportunities to enjoy things exactly the way we like them, through the great things technology can now do for us. Chances are if you live in Canada you will probably already be waving you card to ...
01 July 2015 /payments Innovation in Financial Services
Ganesh Guruvayur Senior Vice President, Head, Hub Solutions at Intellect Design Arena
The glaringly average record on regulatory compliance front is beginning to be bugbear for banks. While the big banks usually are well equipped to take the onslaught of the ever changing regulatory regimes, it is the mid and small tier banks that get caught unawares and unprepared. Regulatory conformity is more often seen to be the premise of the ...
29 June 2015 /payments /regulation
After evaluating lots of candidates, burning the midnight oil, I’m proud to publish, what I think is the world’s first Periodic Table of Remittances (Money Transfer). The table provides a glance into the Remittances world and the players who are prominent. The table can be shared as long as the the original table is untouched and due credit is give...
27 June 2015 /payments /retail
The Faster Payments Scheme Limited has worked hard to understand the access challenges to Faster Payments, and they’ve discovered two distinct groups of users: those requiring Immediate/ Real Time payments for their customers, and those needing Same-Day (Value-Dated) payments for their customers. The Scheme believes the New Access Model will appe...
26 June 2015 /payments /retail Innovation in Financial Services
I took a trip to one of London’s major retail outlets last Tuesday, there wasn’t anything particularly unusual about my trip but an unplanned excursion to the men’s accessory section sparked a glaring realisation. I had intended the purpose of my trip to Oxford Street to be the purchase of a new shirt; a poorly fastened coffee cup lid had led to th...
26 June 2015 /payments
Financial services can be a risky business. For corporate treasurers it is listed as yet another of their “key priorities”, particularly as they become more involved in the strategic decision making processes within their organisations. Risk is linked to many factors over which business has anything from some to little or no control, for example...
26 June 2015 /payments Payments strategies 2015-2020-2030
Another week, another FinTech event. It seems our industry has more events than most. Last week was MoneyConf in Belfast, and this post provides my observations from that event as well as some thoughts on what is needed for greater industry progress. MoneyConf focuses on the future of payments, eCommerce, cryptocurrencies and financial servic
24 June 2015 /payments
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