4855 Results from /payments
Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions
According to a Barron's article titled The End of Cash?, the use of cash as a percentage of retail spending in the USA declined from 36% in 2002 to 29% in 2012. Extrapolating these figures - by using the same negative CAGR that works out to around 19.5% per decade - we should see the end of cash usage by 2202, that is, 190 years from now. An Excel...
08 January 2013 /security /payments
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
We keep hearing from enraged enterprises that some e-invoicing service providers still continue with their old 3-corner strategy > signing up big invoice reveivers and trying to force suppliers to sign up with this particular service provider. Especially angry comments come from those who already have a functioning relationship for their large v...
07 January 2013 /payments Innovation in Financial Services
Strong e-id is often needed when logging in also to non-banking services. Reusing bank e-id also there - especially in the public sector - is something of the most sensemaking aspects of also otherwise much needed public-private co-operation. 2011 was a great year for bank e-id (TUPAS) - the alternative (a state issued smartcard) is not used at al...
Retired Member
Which Message Format to Use for Health Care EFT?… In Part I of my Understanding Healthcare EFT standards blog, I identified several major obstacles for health care providers to adopt EFT (electronic funds transfer) and ERA (electronic remittance advice). In Part II, I explored the differences between in-band versus out-of-band remittance delivery...
03 January 2013 /payments Payments strategies 2015-2020-2030
First things first. Big THANK YOU to all of you who follow or occasionally read my blog here - you are the main reason my analysis of Google Wallet ended up becoming Finextra's most popular blog post in 2012. I'll do my best to offer more thought-provoking views in 2013. My first blog post this year was inspired by my trip to Singapore for the New ...
01 January 2013 /payments Innovation in Financial Services
My name is Guy. Mr Same Guy. I show up in as a so called private customer off hours, then during working hours as a corporate customer, as a citizen in public sector services and often also as a member of associations, clubs etc. My point is that there are no corporate customers, no private customers, no citizens etc - only human customers or users...
28 December 2012 /payments Innovation in Financial Services
The industry analogy is that fraud is like a balloon, you squeeze the fraudsters in one area and they pop out somewhere else. Sometimes it’s predictable like when chip & PIN was introduced, already high CNP fraud rose still further and x-border fraud levels rose (though not as sharply and as quickly as had been forecast) Often, however, th...
20 December 2012 /payments
If the recent article published on the Pymnts web site is accepted then it seems that Visa may be considering an exit strategy from Hungary in the face of substantial, and continuing, market share loss to MasterCard. According to the article, and cross referenced pieces, Visa’s problems stem from a commitment made to the EC to reduce (debit card)...
It is becoming increasingly obvious to me that the Global and Regional card payment processing organisations have their sights set, if not on world or territorial domination, certainly on ever increasing size and scale. Where organic growth fails to deliver to aspirations, smaller operations are routinely acquired. Assuming this trend continues...
Have you noticed it? I’ve been into countless financial service organisations and a recurring theme I’ve observed in practically all of them is that where staff come together (canteen, seminar, Christmas parties, etc.) and even generally around the office there is a tendency for the upper levels of management to congregate into their respective...
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