4858 Results from /payments
Retired Member
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)...
20 December 2012 /payments
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...
Is there any real incentive? As a general rule, though I accept there are exceptions at a corporate level and for certain sections of employees, most financial services companies will cap bonuses and use prior year performance as the measure for the following year’s performance objectives. Now if I have a whizzo idea that I know will, let’s say...
Don’t let anyone tell you different, price transparency in Banking has come on a long way since my early experiences as a teenager in banking in the 1970’s. I recall being invited to take the printout of business customers into the manager’s office at one of the first branches I worked at so that he could assess the annual fee to be charged to ea...
Both of the international card schemes include in their impressive array of member fee tariffs an assessment fee for Issuers that breach a percentage threshold of authorisation referral responses to authorisation requests received. The percentage is 0.5% but that is incidental. Both card schemes are, of course, fiercely protective of their bran...
In-Band vs. Out-of-Band Remittance Delivery… 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 will explore the differences between in-band versus out-of-band remittance delivery...
19 December 2012 /payments Payments strategies 2015-2020-2030
Martin Bailey Technology Product Director at Temenos
When you're about 4 years of age, piggy in the middle is a fun game, but it kind of loses its lustre by the time you get to 5. At the tender age of 42, I don't ever want to play it ever again, but my bank seems to have different ideas. When my wife asked me to make a payment to her friend - no problem, I thought. I've paid her once already, so I al...
18 December 2012 /payments Banking Architecture
The GSMA recently issued a discussion paper on mobile merchant payments (or eWallet Merchant Payments as they label them). In it they laid out three conditions that they felt needed to be in place to drive customer uptake of mobile merchant payments - namely consumer demand, a clear consumer benefit, and an eWallet stored value (i.e. a positive b...
18 December 2012 /payments
Pat Carroll Founder/Executive Chairman at ValidSoft
On data breaches and forms of attack: resistance is futile In 2012, we have seen an increasing number of sophisticated attacks made on a range of organisations in an attempt to capture consumer information. In 2013 we should not only expect such attacks to escalate in terms of frequency and significance, but for traditional defence technologies t...
17 December 2012 /payments Innovation in Financial Services
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