5263 Results from /payments
Akshay Berry Manager at Infosys Limited
Not many policy pundits expected India's Central Bank, known for its cautious stance in issuing Banking licenses, to propagate differentiated banking licenses itself. Payments and Small Banks reflect a new line of thinking from the Reserve Bank with an objective of reformatting India's financial inclusion space. What a Payments Bank seeks to do is...
25 November 2014 /payments
Retired Member
The need for establishing a real-time payment infrastructure is firmly on the agenda in North America right now. The US Federal Reserve announced back in September that it was preparing to publish a road map detailing how the payments landscape should be developed and we expect that this will include looking at the possibility for a national faste...
Lu Zurawski founder, iKnowMe at Lu Zurawski
Twenty-five years ago, the fall of the Berlin Wall saw the creation of the European Bank for Reconstruction and Development. Its mission was to find capital to help re-build national infrastructures mainly in the former Eastern Bloc countries. It invested in long-term projects that are tricky to finance, recognising that “well-planned infrastructu...
21 November 2014 /payments /regulation
Banks and merchants are under threat to lose millions of dollars in investment in their apps by allowing them to become obsolete because they don’t provide the most desired functionality of all: Payment. The reason is simple. A mobile app that offers a new and better way to perform a task that literally occurs multiple times in a day for each of us...
21 November 2014 /payments
Ganesh Srinivasan Director at Volante Technologies
The benefits associated with the implementation of a payments factory have been achievable for some time now, with new, additional benefits and indeed challenges, being realized as payments processing becomes yet more complex. SEPA, the simplification of bank transfers and increased adoption of a common data standard are challenges that can on the ...
The emergence of a host of new players in the UK retail banking market is giving the traditional powerhouses food for thought. According to the Office of Fair Trading, the big four banks - HSBC, Royal Bank of Scotland, Barclays and Lloyds – hold about three quarters of the UK’s 50m current accounts. But the landscape is shifting, and challenger ba...
19 November 2014 /payments /retail
Matt White North America editor at Finextra
Anyone who spent the last fortnight at these two events will have been struck by the growing divide in the fintech industry: between old and new, physical and digital, Wall Street and Silicon Valley. Money20/20 has ridden, and driven, the fintech wave to become a monster. In just three years it has grown to such an extent that many of the 7500 dele...
18 November 2014 /payments
I’ve written a few times on this blog about disparate payments processes within large corporations and then the benefits associated with centralising and standardising that process. One of the clear problems we see with this disparate, non-integrated approach is that the bank fees being paid in relation to payment services is much higher than it ...
17 November 2014 /payments Payments strategies 2015-2020-2030
The news of a PCI breach is just the start of a host of issues – all of which can be crippling to a business. Many CIOs and compliance officers may complain about the burden that the Payments Card Council imposes on them, but the rules exist for good reason. Like most issues involving compliance, card data rules are more effective as a preventative...
13 November 2014 /payments /regulation
“We hope to change the way content can be consumed – there is quality content on the web and we believe in it. It needs to be financed – and people must be willing to finance it.” Whether you like it or not, we’re in the midst of a consumption revolution. The way we read the news, watch our TV and pay for our content is undergoing a global shift. O...
05 November 2014 /payments /startups Future Finance
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