4855 Results from /payments
Retired Member
The Payments Council announcement that they will launch their industry-wide mobile payments service is the springboard for mass adoption of mobile payments in the UK. I have to admit a professional interest here – at VocaLink we delivered the database at the heart of the service in December last year, and we operate the underlying payments system...
17 January 2013 /payments Innovation in Financial Services
DN: Thanks for agreeing to the interview Neil. I know our readers will be very interested to hear your view on how banks can deliver more value to their customers through customer centric initiatives while increasing profitability. Let's start with relationship pricing. NS: Relationship pricing is not a new concept in general – to a varying degr...
15 January 2013 /payments /retail Innovation in Financial Services
Finextra ran an article today about the UK banking sector "gearing up for the introduction of an industry-wide mobile payments". Which industry? There is no "payment" industry as such. Are we talking about banks? Or mobile operators? Or card schemes? The article stated that "the new service will enable secure payments to ...
15 January 2013 /payments Innovation in Financial Services
They’re at the top of the tree, they have the POWER, they are paid huge salaries, bonuses and benefits yet we’ve seen a few instances recently where top CEOs have departed their companies in disgrace. So what makes these CEO’s do the things that they have done? I remember seeing a tv programme a number of years ago that was examining whether top ex...
15 January 2013 /payments
If MasterCard’s analysis, published in their Insights paper 1Q2007, of the effects and outcomes of the RBA (Reserve Bank of Australia) intervention into Interchange Fees (ICFs) back in 2002 is to be taken at face value then the prospects for European consumers using payment cards, if MasterCard Europe’s final appeal of the 2007 EC decision on ICFs...
The Payment Protection Insurance (PPI) mis-selling scandal that the UK banking industry is still paying for is forecast to be costing them somewhere in the region of £15bn. Is the value of premiums on mis-sold policies really as high as that, and why was mis-selling so rampant. In my time at a leading UK bank I actually had management responsibil...
Andres Fontao Partner at finnovista
Following up on my recent blog entry regarding my attempt to go cashless and cardless for a week when in San Francisco late last year, it’s worth sharing observations of payment methods from a recent trip to Argentina and Uruguay in late December 2012. As those of you who know me, I am a strong advocate for mobile financial services, having spent ...
14 January 2013 /payments Payments strategies 2015-2020-2030
I am continually baffled by these people with fancy titles like Chief Innovations Officer who announce the deployment of "gimmicks" and say they are wonderful new technology breakthroughs, and oh yes... Secure. Rubbish. NFC is not secure in it's present form. And tell me, what prevents someone else using my phone to "Pay and Run"...
13 January 2013 /payments
In our last blog we raised the question of how to encourage merchant acceptance of mobile payments so that consumer demand for such payments might also be stimulated. We highlighted the conundrum that exists for physical card payments in many emerging markets, where, despite issuance and demand from consumers for these payments, the lack of merch...
10 January 2013 /payments
I was doing a project some years ago for the OECD, looking at how to regenerate the electronics industry in the UK in the face of heavy competition from Asia/Pac. One of the most memorable interviews that I did was with the head of a disk drive factory in the UK. With increasingly automated processes, the machines that automated manufacturing pr...
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