4855 Results from /payments
Elizabeth Lumley Global FinTech Commentator at Girl, Disrupted
Late last month I was invited to the Friday night kick off for Seedcamp's Seedhack financial technology 'hack-a-thon' event held at the Google-run UK Campus, recently launched in London. When you go to as many conferences and listen to the gilded prose of many a social media 'expert' as I do, you hear some of the same stock phrases repeated over an...
12 April 2012 /payments /retail Social Banks
Retired Member
Time for a vacation-time bleat. I noticed yesterday that my bank had charged me £2 for a debit-card transaction – on this occasion, when I used my debit card at Heathrow to buy Swiss Francs so that I could attend a Financial Stability Board workshop in Basel. It turned out that the foreign exchange company that I used at Heathrow books all of it...
11 April 2012 /payments
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
Norway: “The transition to electronic invoicing is a major milestone on the path to complete digitisation of invoice management by the Norwegian public sector. By 1 July this year, almost half a million Norwegian companies will have to start sending their invoices to the State in electronic rather than paper form” What is needed is a sufficient nu...
10 April 2012 /payments Innovation in Financial Services
Since the limits to the Faster Payments Scheme were increased in September 2010 there has been an increase in use by the participant banks’ customers. Figures from the Payments Council for the 12 months to end January 2011 show a 43% increase in the volume of transactions and a 53% increase in the value of transactions proving the exceptional grow...
10 April 2012 /payments
The first and main pillar of banking is trust. It can be built and maintained by sticking to moderate risk taking – both in lending and recommending invest “products” – reputation building. Trust improves customer retention – even when new entrants try to enter markets with often overly aggressive pricing. Customer retention improves the stabil...
08 April 2012 /payments Innovation in Financial Services
Andy Morris Risk Business Solutions Consultant at ACI Worldwide
For those for you that have been tracking the NFA’s last estimate was £38.4bn, but the rise is really buried in the detail and largely attributed to the NFA casting their net on UK PLC a little wider and completing more granular analysis. There is also some interesting comparative finger point for example UK Government sector at £20.3bn, whilst U...
04 April 2012 /payments /regulation
The dynamic eBilling revolution has spurred many innovative solutions, a few of which have already started hitting the current market. I have highlighted 8 of these innovations that I think billers should consider including in their strategic agenda this year... 1. Mobile Billing Billers simply cannot continue through 2012 without a billing strateg...
03 April 2012 /payments
Advait Rege Principal - Business Consulting at Infosys Limited
Read this story.. "Pay by Face you fools" https://www.finextra.com/news/fullstory.aspx?newsitemid=23584 Very interesting because, it takes us towards the Utopia.. But more interesting because it reminds me of how the more things change the more they remain the same (or return to basics). For instance, a typical transaction at my local ven...
Nick Ogden Chairman at Ogden Research
Last week saw a number of reports released about the UK’s continued battle against cybercrime and fraud, with the financial services sector highlighted as taking the brunt of the problem. PricewaterhouseCooper’s global economic crime survey shows that cybercrime is on the rise, accounting for 38% of economic crime incidents in the financial service...
02 April 2012 /security /payments
Brett King CEO & Founder at Moven
In response to the strong demand for us to compete with the main street branch players, our recent efforts at crowdsourcing our business model has led us to investigate a revolutionary new form of branch for the US and UK markets. The new branches which we at Movenbank simply call ‘the space’ is designed to give our rapidly growing customer base t...
01 April 2012 /payments /retail Innovation in Financial Services
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