5216 Results from /payments
Retired Member
The day when people leave their wallets at home and use their phones or tablets for all their financial transactions is on the horizon. What the founders of many FinTech companies are pondering, is just when people will reach this horizon and what will get them there. The answer to the latter part of the question, in my opinion, is mobile point of...
03 April 2014 /payments
The proliferation of mobile banking has soared in the last 12 months. In April 2013 it was highlighted that one in five use their mobile phone to bank. Moreover, The Payments Council predicts that by 2022 mobile phone transactions will rise to £1.5bn, compared with £365m (September 2014). Those stats can’t and haven’t been ignored by the banking s...
Now that SEPA is in place, corporates will be able to leverage that investment to start making payments across the entire eurozone using a single instrument from as little as one bank / account. The idea of collapsing down to one Euro account for all of those payments across the entire eurozone is made possible under SEPA. And introducing a POBO ...
02 April 2014 /payments Payments strategies 2015-2020-2030
Last month saw the 2014 Future of Money Design Award, alongside Tomorrow’s Transactions, the 16th annual Consult Hyperion Forum in London. The Future of Money Award was launched in 2009 and was created to bring previously unseen creative thinking to the financial industry, by asking artists and designers to think ‘out of the box’ when imagining the...
02 April 2014 /payments
The prospect of a major review by the Financial Conduct Authority into the technology risks in Financial institutions highlights the challenging regulatory environment and increased scrutiny the industry faces. This will made it tougher for these organisations to meet customer needs, maintain profitability and increase revenues while achieving re...
02 April 2014 /payments /regulation
Craig Ramsey Head of Real-Time Payments at ACI Worldwide
This week I’ve been traveling, so the bicycle has been stored in the garage and as I write this I find myself on a plane. Therefore, what better subject for this week's discussion than clouds- or more specifically cloud computing, or On Demand, or SaaS- whatever your preferred term is. There has been much discussion about cloud taking off for some...
01 April 2014 /payments
It’s fair to say that Apple knows a thing or two about disrupting a sector. Portable music players, mobile phones, tablet computing…its track record in fundamentally changing how we use and consume hardware and software is well established. iBeacon, a Bluetooth-based communications and micro-location system whose underlying technology was incorpora...
In the US there is a Big Data project to collect every life sign data from every patient. The idea is to monitor patients and their medical histories, then to review if any warning signs are consistent, say before a heart attack. Then if those signs appear in the future with patients they can be an indicator that there is an imminent heart attack ...
01 April 2014 /payments /regulation
We have all heard about KYC, Know Your Customer and KYB, Know your Bank but it’s emerging that, particularly in the Corporates world, KYV, Know Your Vendor is just as important. For Corporates, the process of selecting a reliable, honourable, and committed vendor partner who not only has an in-depth understanding of their requirements and their in...
31 March 2014 /payments Payments strategies 2015-2020-2030
The date was April 17, 1970. Everything was going like clockwork on the Apollo 13 moon mission when all of a sudden it wasn’t. Oxygen tank #2 blew up, causing tank #1 to fail as well. The command module’s normal supply of electricity, light and water was lost, and the crew were about 200,000 miles from Earth. Getting the men home safely was one of...
30 March 2014 /payments Future Finance
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