4855 Results from /payments
Retired Member
Transport for Greater Manchester (TGM) recently announced it will start rolling out a new smart ticketing system across the UK’s third biggest city. It’s a move that is well overdue and is sure to vastly improve many thousands of Mancunians’ daily commutes. However, when first hearing the news, it wasn’t the efficiencies that immediately caught my...
01 October 2012 /payments Finance 2.0
Cash don't disappear- that is a fact. Don't deny it. Or is it possible to replace cash with alternative low cost solution. For laymans terms, cash is low cost payment method. But as everyone who knows thing or two behind cash, it is expensive, hard to control and unreliable payment method- but so hard to replace. Over the centuries, cash payment ...
27 September 2012 /payments /retail Payments strategies 2015-2020-2030
Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions
Technophobes and security pundits have been warning us for a long time that it’s possible for a passerby with an RFID reader – and malafide intent – to skim debit / credit card details off contactless cards and NFC smartphones even when they’re tucked away inside their owners’ wallets, pockets or hand bags. I’d a first hand exposure of this securi...
26 September 2012 /payments
Brett King CEO & Founder at Moven
It took almost two decades for credit card payments (followed by debit cards) to become globally ubiquitous, so it might be reasonable to think that a paradigm shift at the POS will take years to become mainstream. Why would you spend money deploying expensive NFC-enabled (Near Field Communication) POS terminals unless consumers were going to use ...
26 September 2012 /payments Innovation in Financial Services
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
E-invoicing as such does not save the 250bn/year cost. It is an enabler - and that is why the focus should move to the next layers. Experts tend to dig so deep into details that they forget to communicate the big picture. What is the WHY for e-Invoicing? From the EC Expert Group angle the targets are clear: 1. Improve enterprise competitiveness. S...
25 September 2012 /payments Innovation in Financial Services
A panel discussion at EXPP made it clear that further clarification is needed to make it clear what the EU Commission means with equal treatment of paper and e-invoicing. The VAT directive states that business controls are sufficient. Now people ask what does that mean? What kind of business controls? The best way to fend off scare mongering - is ...
I will keep this blog post short and jump straight to the point (following our recent discussions with a number of key industry players who develop m-wallet platforms as well as phone-bound secure element solutions). I would greatly appreciate readers' comments on the following two questions: How many times would consumers need to be subjected to m...
24 September 2012 /payments Innovation in Financial Services
Check printing is expensive. It is time consuming, labor intensive, and comes with the added costs associated with paper stock, ink, and postage. There is no doubt that migrating to electronic payments can reduce costs and improve operational efficiencies. I often get asked though, what is the return on investment (ROI) for migrating checks to an e...
18 September 2012 /payments Payments strategies 2015-2020-2030
For those in a hurry, here is an executive summary: ISO 9798, assisted by the likes of Verayo (as well as femtocells and in-store Wi-Fi). Anyone remotely familiar with EMV knows that it's a mess. EMV is a global standard that covers inter-operations of "chip" bank cards and compatible devices (POS terminals and ATMs). There are 16 (!) va...
16 September 2012 /payments Innovation in Financial Services
Barry Kislingbury Lead Solutions Consultant at ACI Worldwide
I had an interesting conversation recently that followed on from the Sibos 2011 Standards Forum in Toronto where the Canadian Payment Association (CPA) discussed its plans to use ISO 20022 for both High and Low value payments. The CPA has now put out a discussion paper that goes further than most countries’ thinking today. The current trend is t...
14 September 2012 /payments /sibos
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