4855 Results from /payments
Retired Member
Has anyone noticed a lack of young IT talent in the UK at the moment? You know what I’m talking about… Everyone you interview is a dud (even though their academic results are glowing) and they all expect big money (start from the bottom anyone?). In the UK we are currently in the midst of an IT skills shortage, and according to industry experts, ...
11 October 2012 /payments /retail Innovation in Financial Services
I had an interesting discussion with Bob Howard (BBC Money Box) this morning concerning the current situation with GetCash service by NatWest. At the end, I felt that it would be important to draw a clear line between "mobile payments are not safe" and "badly implemented mobile payments are not safe". Mobile-related frauds are...
09 October 2012 /payments Innovation in Financial Services
Nick Ogden Chairman at Ogden Research
Public endorsement of the British banking system has certainly taken a hit in the last few years. The crisis of 2008 has eroded confidence in the traditional outfits, creating an opportunity for start-ups and traditional players alike to introduce alternative services to the market. The payments marketplace is currently experiencing a high level o...
08 October 2012 /payments Innovation in Financial Services
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
1. Mr Same Guy yesterday. In the old days – when we launched PC-banking for SMEs and private customers (1982) at Union Bank of Finland we lived with the false impression that we had private and corporate customers – when we defacto only had human customers – in different roles. As a result the user experience was not similar enough across roles. Th...
Retail banks are racking their brains trying to work out how best to stand out when it comes to retaining customer loyalty. Traditional reward programmes with points and cashback are no longer considered to be pioneering schemes but essential elements of a card marketing programme. Banks who want to set themselves apart from the pack are now loo...
08 October 2012 /payments /retail
In June this year, NatWest and RBS proudly announced the arrival of the new era of cardless ATM withdrawals. In my comment on that page, I explained that any OS-only financial solution is "almost secure" (which is similar in concept to being "almost pregnant"). There is no "secure" without "secure element". A...
Less than a week ago, Finextra's News section ran a press release by Emu who promised a Holy Grail alternative to Square and iZettle - no dongles, and (almost) no charges (Emu's Web site does prominently display "0% per sale"). That news article mentioned "no charges for the first £1,000 of sales and a flat fee of £4.99 a month af...
07 October 2012 /payments Innovation in Financial Services
When it comes to payments, London taxi is an interesting microcosm. A few years ago, cash was king and cabbies didn't look elsewhere - it is rumoured that many black cab drivers were filing their tax returns on the basis of earning £50... per week. Things have since moved on. "Mobile" is a familiar part of taxi business now, whether it's ...
04 October 2012 /payments Innovation in Financial Services
Global ACH, or iACH as it is sometimes called, seems to be the buzzword of the moment. Is there is a good business case for a global ACH? Characteristics of an ACH Automated Clearing Houses are great at what they do, namely, domestic clearing, usually at exceptionally low cost, and with very high transparency and service levels. They are generally ...
02 October 2012 /payments Transaction Banking
Last week I had a bizarre conversation with someone who claimed to be "Head of European Business Development at Vodafone" (a big guy with a beard and Vodafone-red rimmed glasses - give me a shout if you know him...) He started the conversation when I was looking at iPhone 5 at Apple Store on Regent Street, with "You'd better buy Andr...
01 October 2012 /payments Innovation in Financial Services
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