4855 Results from /payments
Retired Member
Last week I noticed new swedish mobile payment approach, which adds all current debit payment options but is done with mobile phone app. Idea in general works like this. Customer links his current account in his online bank to Swich account and adds his mobile number, verifying account customer gets text message to confirm account. Then downloads ...
29 January 2013 /payments
Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions
Soon after I wrote CTS2010: Cheque Truncation Or Contract Termination System?, a senior banker averred to me in private that India's cheque truncation program had a lot of loose ends. A friend of mine who used to work for a CTS solutions provider pointed out that the program had an ever greater impact on NBFCs than banks (For the uninitiated, a No...
29 January 2013 /payments /retail
Today I saw the most effective piece of advertising ever on a cash machine. I rolled up to a Tesco ATM – a nice new NCR device with a video display that normally has a few rolling ads for the supermarket as you wrestle your debit card out of your pocket and into the slot. I was immediately confronted by a rather attractive girl’s eyes staring str...
25 January 2013 /payments Innovation in Financial Services
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
TeliaSonera (the leading Nordic telco) announced this week in Finland that they will increase the charge for sending paper invoices to corporate customers from 5 to 10€. Consumers are charged 1,90. This clear policy is for sure to be applauded – good for all parties (and big time for society at large) – for the following reasons: 1. The cost savi
Everyone at some point in their life was at the bottom of the food chain… but how do you beat time and forge a presence in your industry sector?... As an aspiring entrepreneur aiming to breach the start-up scene, the first thing to note is that I have a very small position in the market and therefore will struggle to gain any traction when voicing ...
24 January 2013 /payments /retail Payments strategies 2015-2020-2030
It’s pretty frightening when I hear my colleagues who specialise in security services describe the kind of things that hackers get up to – maybe because I think that I’m pretty clever (38 years in IT, etc) but then something simple catches me out. For example, on the Eurostar back from Paris last week an email popped up in my Blackberry from Visa, ...
21 January 2013 /payments
Leading the March Emerging markets are ripe for changing the way business-to-business payments are made. Apart from the need to maintain good supplier relationships, corporates are looking to adopt the advances in payment technology to maintain flexibility and a more harmonized cash cycle. Although reports from a survey[1] indicate that checks acc...
A recent blog post from analyst house Forrester has predicted that real-time analytics will be a key focus area within Big Data in 2013. The reason? The ability to quickly take on board new information and react to it is at the heart of business decision-making. To quote Forrester, this means being able to “quickly process incoming data from all ...
In a recent interview, Larry Page shared his view on the secret of Google's success - make your product TEN TIMES better than your rival's. Last week we sent limited information on one of our forthcoming products to some industry analysts and told them we priced it at "below $50", whilst the nearest (big) competitor's price is "abov...
18 January 2013 /payments Innovation in Financial Services
Julian Farley
It’s January 2013, and yet again a large number of us will have made New Year Resolutions. We optimistically set a goal for the coming 12 months. However as a 2007 study involving 3,000 people showed, 88% of us are doomed to fail, ouch. The classic New Year resolution must be I’m going to get fit and lose weight. We’ll join a gym, be seduced by t...
17 January 2013 /payments
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