5153 Results from /payments
Retired Member
The way bank customers access and manage their finances is evolving at a rapid pace. While the physical branch was once at the centre of a retail institution’s offering, this model has witnessed enormous change in recent years, according to a new report from the British Bankers Association (BBA) and EY. The second Way We Bank study has found tha
09 July 2014 /payments Innovation in Financial Services
The UK’s rental market is booming. The number of new properties being listed for rent each quarter has been growing at a much faster rate than the number of properties being listed for sale during the same period. The increasing supply of properties available for rent has also been helped along by the rising numbers of buy-to-let owners and incre...
08 July 2014 /payments
If you’re using Direct Debits to get paid by your customers, you’ll no doubt be aware of the cash flow benefits... Direct Debits give you the power of knowing exactly when and how you’re getting paid, meaning you can plan and forecast better, which leads to better cash flow for your business. Now and again though, it’s worth having a bit of a ‘sens...
Cloud computing services are being cited as the panacea for rising internal computer costs, offering scalable IT infrastructure to large and small companies alike. Cloud based services, we are told, can manage all of our client on-boarding and channel integration needs, from running an ERP system to automatically integrating transaction and statem...
While some governments around the world have struggled to keep up with the digital age, many Middle Eastern countries have risen to the challenge and introduced market-leading innovations. E-government is one area that has taken off in a big way in the region in recent years, with successful initiatives in the United Arab Emirates (UAE), the Kin
27 June 2014 /payments
Tushar Chitra Vice President, Product Strategy and Management at Oracle Financial Services
Last weekend I was out shopping for apparel for my family at a retail outlet I prefer for all my clothing purchases. Being a weekend, the queue at the payment counter was characteristically long. After what seemed like an interminable period, I finally arrived at the counter. The visibly harried and overworked lady at the counter mechanically and ...
24 June 2014 /payments Future Finance
Daniel Szmukler Director at EBA
With Helsinki and another successful EBAday behind us, it is time to reflect on the conversations and themes from the show. With 800 attendees this year, this was the biggest EBAday yet and the Finlandia Hall was buzzing with discussions between industry leaders in transaction banking. One word on everyone’s lips from the start was ‘innovation’. T...
23 June 2014 /payments EBAday
Historically, we have shopped with cash or cards. When we use cards (credit, debit, gift, prepaid, etc.) the focus has been on validating the originator. The merchant takes your details and goes to a network and says "X wants to pay me" and gets authorization that verifies the originator of the payment. This usually leads to a higher lev...
19 June 2014 /payments
Having recently returned from sunny Helsinki (with a few light showers!) I thought I would share a quick blog on the 2014 EBA Day conference. Firstly it was bigger and better attended than ever before with numbers up about 20% on last year’s previous record number of attendees. Interestingly this year also saw a big push by the organisers and the...
16 June 2014 /payments
Late last year, Business Secretary Vince Cable stated he felt the Funding for Lending Scheme (FLS) wasn’t working and rightly so. Figures from the Bank of England FLS[1] showed that net lending to small and medium-sized businesses fell by £723m in the first quarter of this year despite scrapping mortgage support to encourage corporate lending. Whi...
13 June 2014 /payments
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