5067 Results from /payments
Retired Member
An efficient and effective trade finance market is vital to a country's prosperity and to the survival of thousands of individual companies in the supply chain, but it is an incredibly clunky, paper-based world. The set of documents and processes has remained largely unchanged for decades, supporting traditional letters of credit and guarantees. T...
18 September 2013 /payments /sibos Innovation in Financial Services
With the Google Wallet announcements moving the emphasis away from NFC and thereby expanding the potential user base for its service, is this the KISS of life for wallets and the kiss of death for NFC? Obviously the fact that Apple and PayPal, in their recent developments, have not embraced NFC indicates there are concerns about solely using that t...
18 September 2013 /payments
SWIFT is celebrating the 10th anniversary of the standards forum at Sibos in grand style with, amongst other things, a cake. The idea of bringingn practitioners, vendors and standards developers together was a great one and over the years has proven well worthwhile. But why do we need this forum? Firstly it's a great place to help identify where w...
17 September 2013 /payments /sibos
2011 was meant to be "the year of NFC". So was 2012. And 2013. However, earlier this year NFC ran out of steam as far as "mind share" is concerned. When Google Wallet decided to drop support for loyalty cards - one of the key components of any m-wallet (and one of the core functions of ISIS wallet, via SmartTap) - it became clea...
17 September 2013 /payments Innovation in Financial Services
'Pause-and-resume’ call recording is a longstanding solution used by many customer-service operations to prevent the storage of customer-card data within call archives systems. The motivators for this are PCI DSS requirements prohibiting the storage of card validation codes in any searchable or recognizable form (whether encrypted or not), and mand...
16 September 2013 /payments
I was last in Dubai 13 years ago, presenting at the GITEX IT show on Internet Security. Working with a local partner which specialised in Lotus Notes implementations and was comprised mostly of (local) Indians, I developed a taste for masala dosa and an affection for the small emirate. Then the skyline was troubled only by the World Trade Centre a...
15 September 2013 /payments /sibos
....they know no borders' ran a tweet from SWIFT’s African Regional Conference in Gaborone earlier this year. ‘It is not unusual to have better flight connections between African countries by first going to Europe. To a large extent, the priority of domestic rail and road infrastructure is outward linkages to seaports, rather than to neighbouring ...
15 September 2013 /payments Payments strategies 2015-2020-2030
Zapp is a VocaLink's venture. VocaLink are the "payment rails" in the UK - they are the engine behind Faster Payments scheme and the nationwide ATM network (LINK). They are in bed with every major bank in the UK. Zapp partnered with the UK's largest acquirer to offer retailers an alternative to... Visa and MasterCard. That's what Square, ...
13 September 2013 /payments Innovation in Financial Services
As many of us prepare to board flights to Dubai for Sibos, I’m wondering what others are hoping to hear and learn this year. A few things in my mind: It’s SWIFT’s 40th birthday, hurrah! At the London Forum earlier this year, SWIFT reminded us that it all began with the telex machine. Remember punched tape and testkeys? Today’s world is radically di...
11 September 2013 /payments /sibos Payments strategies 2015-2020-2030
A recent study from WorldPay covering the payment trends and habits of UK Consumers (Optimising your OmniPayments) not only highlights the adverse perception of ‘very convenient’ payment methods amongst many consumers, but also highlights recent ‘hyper-convenient’ payment innovations that are positively perceived amongst consumers. What’s interest...
11 September 2013 /payments
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