5273 Results from /payments
Ritesh Agarwal Senior Management at On My Own
In last decade, I have been swiping cards on the portable EDC machines, carried by Pizza Guy or even my Milk Supply person. They have had this machine for almost a decade and I "trust" this machine for it's form factor, apparant secured looks and ease of use. Dongle connected to a mobile set, while offers 'Mobile' PoS; it rather creates ...
09 May 2014 /payments Payments strategies 2015-2020-2030
Retired Member
With the UK parliamentary elections only a year away, the shadow Financial Secretary to the Treasury Cathy Jamieson MP has set out Labour’s views on retail banking and the payments market in particular. Speaking at a payments industry dinner last week at the Armourer’s Hall, she couldn’t resist pointing out that as a Labour politician locked in a ...
09 May 2014 /payments /retail Innovation in Financial Services
This was originally posted on Swedish Startup Space. In 2008 I was the Head of Fraud Analytics for FraudSciences, an Israeli startup developing fraud prevention solutions for eCommerce. One evening in January of that year, we convened to talk about our annual plans. Our COO, a quiet guy in his 50s, said: “First thing’s first: the PayPal test resul...
09 May 2014 /payments /startups
Led by a sharp rise in the number of mobile subscribers globally, and the high volume of smartphone sales, mobile payments (m-payments) are expected to exceed £429 billion by 2017. And now, with the UK nationwide launch of ‘Paym’, Paypal, Apple, Google, and providers such as AT&T and Verizon embedding ISIS into the software provided on their d...
08 May 2014 /payments
Craig Ramsey Head of Real-Time Payments at ACI Worldwide
Just because I have a smartphone, doesn't necessarily mean I want to do everything on it. For me, a smartphone is useful for browsing or grabbing snippets of information, and I even use it as a telephone once in a while. But maybe I’m just too old to see the appeal of sitting and staring at a 4-inch screen to watch the news. As a consumer, I orig...
07 May 2014 /payments
The draft of the second Payment Services Directive (PSD2) takes further steps in levelling the playing field between banks and non-banks within the financial infrastructure. But oddly (as I wrote about here) the EU does not go all the way in allowing non-banks access to the clearing and settlement mechanisms (CSMs). The EU’s reasoning remains uncle...
01 May 2014 /payments /regulation
Coming from an IT background, I am often overly critical of a bank’s IT department. I get frustrated when they appear to be more worried about technical standards than viable functionality. In truth, of course, both of these need to be balanced. Good functionality cannot exist without good IT - just as good technical capabilities are useless if t...
29 April 2014 /security /payments
It’s old news that the customer journey has changed in the last decade and continues to evolve as new digital channels are introduced or enhanced. Customers now expect to bank on their terms. This drives banks to act more holistically to ensure the customer and their interactions are fluid regardless of channel. This is a logical perspective for c...
29 April 2014 /payments
A key trend driving developments in the European financial infrastructure is the EU’s ambition to level the playing field between banks and non-banks. The first Payment Services Directive (PSD) created a legal framework within which so-called ‘Payment Institutions’ could legally operate and offer payment services. The draft of the second Payment Se...
23 April 2014 /payments /regulation
What can take your bank from good to great? That is the question we have been looking to answer for the last 6 weeks, and so far we have delved into five areas of focus. Our Tour de Transaction Banking is halfway to our finish line and this week I wanted to hop off the bike and recap our route, a midpoint highlight reel if you will. Stage 1: Real ...
15 April 2014 /payments
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