4858 Results from /payments
Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions
In other words, is the US "Closed Loop" payments system making Americans less creditworthy? For several years, American travelers have been having a tough time trying to use their magstripe credit cards in the EMV Europe. In India, many ecommerce and bill payment websites have recently started refusing American credit cards (click here fo...
06 October 2013 /payments
Retired Member
In the last couple of years I have heard arguments against EMV rollout along the lines that it is good for the physical POS but not for the eComm, and that the intoducing EMV at physical POS would only shift fraud threats toward CNP transactions mainly predominant in eComm. That may be true if one only considers using plastic smart cards. But by l...
Nothing epitomizes the revolutionary nature of the modern startup more than KickStarter, a place where people can go to raise money not from banks, not from IPOs, but from the general public, simply by asking them to put enough faith into a project to donate toward its creation. Crowdfunding is a game-changer for business and opens up experimental...
05 October 2013 /payments
I had to register a new card with Skype this morning (the old one expired). Tried my newly minted Barclays Mastercard. At the first attempt, the transaction was aborted, without any explanation. Tried again. My second attempt resulted in some weird error message saying "Please complete the authorization process" followed by - on the same...
04 October 2013 /payments Innovation in Financial Services
I had an interesting discussion with Brett King as to what "mobile" payments really are. Let's look at history, semantics and the core element of any payment (Exec Summary - it's all about authentication). To be pedantic, the original meaning of the word "pay" is to "hand over money (or goods) in exchange for goods or servi...
03 October 2013 /payments Innovation in Financial Services
Brett King CEO & Founder at Moven
There has been some debate on Finextra of late as to whether Mobile Wallets and Payments are mainstream, or whether we are still years off seeing them have some real impact on commerce and payments. I thought I would give the Finextra community the benefit of some simple research that shows that not only are mobile payments gaining traction, but f...
I am, however reminded that historicaly, banks weren't lock or safemakers, they were banks. Lock-pickers & safecrackers had quite a few wins, but different specialist industries evolved to deal with that. The banks didn't start becoming safemakers or lock inventors, they stuck to their banking. Probably a good thing. Strangely in the digital ...
Pat Carroll Founder/Executive Chairman at ValidSoft
The US Federal Reserve Banks recently announced a public consultation exercise on improving the future U.S. payment system. In the U.K., the newly formed Financial Conduct Authority (FCA) has also just published an interim report exploring some early findings of a review into mobile banking services, setting out the possible risks to consumers and...
02 October 2013 /security /payments Innovation in Financial Services
Last year the US contributed close to 20% of the world's GDP despite coming off the back of the biggest economic downturn since the 1930's Great Depression. The US, UK, Germany, Russian and CIS States, and China dominate the world's payment landscape currently, but in volume of non-bank payments the US dominates with over 50% of the world's total...
02 October 2013 /payments Innovation in Financial Services
Keith Appleyard IT Consultant at available for hire
I consider myself primarily an RBS Customer, with other on-line accounts at many other Banks including Barclays & Halifax. Overall I am very reassured by the RBS processes, however ..... I do find it a pain that if I need to change the transaction reference to a pre-existing Payee (eg Invoice number), I do have to dig out the Cardreader. When m...
01 October 2013 /payments Whatever...
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