5166 Results from /payments
Retired Member
Nothing epitomizes the revolutionary nature of the modern startup more than KickStarter, a place where people can go to raise money not from banks, not from IPOs, but from the general public, simply by asking them to put enough faith into a project to donate toward its creation. Crowdfunding is a game-changer for business and opens up experimental...
05 October 2013 /payments
I had to register a new card with Skype this morning (the old one expired). Tried my newly minted Barclays Mastercard. At the first attempt, the transaction was aborted, without any explanation. Tried again. My second attempt resulted in some weird error message saying "Please complete the authorization process" followed by - on the same...
04 October 2013 /payments Innovation in Financial Services
I had an interesting discussion with Brett King as to what "mobile" payments really are. Let's look at history, semantics and the core element of any payment (Exec Summary - it's all about authentication). To be pedantic, the original meaning of the word "pay" is to "hand over money (or goods) in exchange for goods or servi...
03 October 2013 /payments Innovation in Financial Services
Brett King CEO & Founder at Moven
There has been some debate on Finextra of late as to whether Mobile Wallets and Payments are mainstream, or whether we are still years off seeing them have some real impact on commerce and payments. I thought I would give the Finextra community the benefit of some simple research that shows that not only are mobile payments gaining traction, but f...
I am, however reminded that historicaly, banks weren't lock or safemakers, they were banks. Lock-pickers & safecrackers had quite a few wins, but different specialist industries evolved to deal with that. The banks didn't start becoming safemakers or lock inventors, they stuck to their banking. Probably a good thing. Strangely in the digital ...
Pat Carroll Founder/Executive Chairman at ValidSoft
The US Federal Reserve Banks recently announced a public consultation exercise on improving the future U.S. payment system. In the U.K., the newly formed Financial Conduct Authority (FCA) has also just published an interim report exploring some early findings of a review into mobile banking services, setting out the possible risks to consumers and...
02 October 2013 /security /payments Innovation in Financial Services
Last year the US contributed close to 20% of the world's GDP despite coming off the back of the biggest economic downturn since the 1930's Great Depression. The US, UK, Germany, Russian and CIS States, and China dominate the world's payment landscape currently, but in volume of non-bank payments the US dominates with over 50% of the world's total...
02 October 2013 /payments Innovation in Financial Services
Keith Appleyard IT Consultant at available for hire
I consider myself primarily an RBS Customer, with other on-line accounts at many other Banks including Barclays & Halifax. Overall I am very reassured by the RBS processes, however ..... I do find it a pain that if I need to change the transaction reference to a pre-existing Payee (eg Invoice number), I do have to dig out the Cardreader. When m...
01 October 2013 /payments Whatever...
In my last blog, I looked at pause and resume recording, a method of protecting call recording archives from sensitive card data. An alternative solution is to remove the card data from agent interactions altogether, by using an automated Interactive Voice Response (IVR) payment system. There are both advantages and disadvantages to this approach. ...
01 October 2013 /payments /retail
Last Monday (23rd) was Day 1 of the Annual EBUG conference held in London's famous Institute of Civil Engineers. In a way it made me wonder if anyone will be able to Engineer the future of Cards & Payments after the influence of such auspicious surroundings. After presentations from the CIO of IBM and a representative of Intel it became clear (...
01 October 2013 /payments Banking Architecture
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