5264 Results from /payments
Retired Member
Nowadays when you arrive at Mumbai airport the first thing you notice when you hit the tarmac is the new passenger terminal officially opened by India’s PM in January. Having travelled to India on numerous occasions in the last two decades I feel that this is a welcome addition to the city’s infrastructure. I’m sure that the roads which lead to an...
11 February 2014 /payments
Dan Barnes Writer at Information Corporation
Turning down money from a potential customer who fails a test, is expensive. Building profiles of all of your customers is costly in both cash and resources. In fact, until HSBC and Standard Chartered cumulatively paid US$2.2 billion to US authorities in 2012 it seemed that failing to adhere to the anti-money laundering / know your customer (AML/...
06 February 2014 /payments /regulation Future Finance News Analysis
The US Bureau of Consumer Financial Protection (CFPB) has issued a Proposed Rule which would bring larger US-based nonbank participants of the international money transfer market within the CFPB's supervisory jurisdiction. The Proposed Rule is available here and is open for comment until 1 April 2014. The Rule proposes that providers transacting m...
04 February 2014 /payments /regulation Payments strategies 2015-2020-2030
Vendorcom, the think tank for the financial services vendor community, held an update for members to the Interchange Fees debate. Interchange is the charge levied by the card schemes on retailers to process card transactions. In some cases the charges may be waived by the card schemes, in others they may be lowered; they are a marketing tool as
04 February 2014 /payments UK Faster Payments
From 2001 to 2004, Target actively worked with Visa to push for smart-card use in its stores. The momentum was lost because of the concerns about cost, speed and the learning curve for clerks and consumers. Now in the wake of disclosing a breach of 40 million card accounts and 70 million customer contact records, Target CEO Gregg Steinhafel, one ...
03 February 2014 /security /payments
Pat Carroll Founder/Executive Chairman at ValidSoft
Malware is hitting mobile like nobody’s business. It is a sad fact of life - hackers, fraudsters, cyber-criminals and the like will never go away and will evolve and adapt as our payment landscape evolves too. The real question is whether we have the tools to counter those malware attacks so our customers can securely do their business on their mo...
30 January 2014 /payments Innovation in Financial Services
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
With proper I mean structured e-invoicing - not e-mailing PDFs (as bad as paper mail - or even worse due to spam filters..). So why? Your supplier Especially small enterprises can easily move into e-invoicing as so many service providers - among them almost all banks by know offer simple input templates both for single invoices and file transfer. I...
Heated polar debates over Bitcoin are in full swing. Even the banking community, let alone non-fin companies, are divided in their opinion. With over 80 (!) competitors and wannabes, Bitcoin is not the only cryptocurrency out there. More schemes are in the making. Only a couple will survive long-term (and Bitcoin may not be one of the winners). ...
29 January 2014 /payments Innovation in Financial Services
With proper I mean structured e-invoicing - not e-mailing PDFs (as bad as paper mail - or even worse due to spam filters..). So why? Your customer 1. gains convenience - especially with simple mobile payment approval 2. saves cost in the region of 15-30€ per invoice as payment approval and payments can be automated 3. saves much more when accountin...
Banks have seen a number of challenges over the past few years and now find themselves facing a brand new, unexpected challenger in the payments marketplace: the telecoms! Can telecom service providers give banks a run for their money in providing payment services to customers? That may be the case, as evidenced by the success of pioneering initia...
29 January 2014 /payments Transaction Banking
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