5233 Results from /payments
Retired Member
It’s a common scene: a customer waiting patiently for a card transaction to be processed. In most cases it only takes a few seconds, but it can certainly seem longer. While some staff may try and fill this time with chatter, merchants should be working harder to make these moments count to actively build a relationship and engender customer loyalt...
22 July 2013 /payments /retail Payments strategies 2015-2020-2030
In the wake of a recent Citizens Advice study* which revealed that that nine out of ten benefit recipients believe they will be unable to cope when Universal Credit is introduced, there is now an urgent need for both the Department of Work and Pensions and Credit Unions across the UK to consult with the e-money industry in order to gain a better u...
19 July 2013 /payments
Hello Google Wallet, your birthday was 2 months ago. I followed your birth on Youtube. You're the reason why I started to get interested in mobile payment. Before you came on stage, paying with mobile was something for children, such as downloading ringtones. Did I miss your birthday party? Or was it like this: You did not feel like celebrating. Y...
Financial institutions, venture capitalists and any organization that believes in mobile payments are busy building their vision for a mobile wallet. However, the majority of these groups are building a wallet and customer experience without giving any thought to the true enablers of a mobile wallet. This group is what I refer to as the merchants,...
18 July 2013 /payments
The rumours about iPhone and NFC are being circulated again. That caused a new wave of excitement within the NFC community where NFC-enabled iPhone is seen as the white knight. Yet, if (IF!) Apple introduces NFC on iPhone that won't change much, if anything at all. Here's why. The largest and the most compelling use case for NFC on a mobile phone ...
17 July 2013 /payments Innovation in Financial Services
One of the trends in the payments world today is the move to ‘real time’ payments. A good example of this move is the Faster Payments Service in the United Kingdom. The Faster Payments Service, launched in May 2008, is an initiative to drastically reduce the time for processing, clearing and settlement of domestic payments. Under the country’s AC...
15 July 2013 /payments
Amit Agrawal NA at in transit
Bitmessage is a trustless, decentralized peer-to-peer messaging protocol (very similar to Bitcoin). It is a unified system that encrypts every message. It keeps secure the members of the communication: not only is the content of messages protected, but the sender and receiver of those messages is kept secret as well. Advantages of Bitmessage : 1....
15 July 2013 /payments Banking Architecture
Pat Carroll Founder/Executive Chairman at ValidSoft
I was interested to read the article ‘Brits relaxed about banks mining data to fight fraud’. It provides an interesting perspective on the growing debate regarding the need for strong data privacy as well as strong transaction security, particularly within the finance sector, and especially as the means by which we conduct our banking and transac...
10 July 2013 /security /payments Innovation in Financial Services
Anti-money laundering (AML) - as well as KYC - is something which every company serious about payments has to deal with. AML requirements are pushed by the industry regulators (who are not always in touch with reality...) and are seen by the industry as the (un)neccessary evil - none of those measures prevent multi-billion (!) money laundering sc...
10 July 2013 /payments Innovation in Financial Services
Eric Smith Senior Pre-Sales Consultant at Dynamic Partners
I attended a course some months back about developing a mobile proposition. It was suggested that with the growth of mobile payments and banking, the importance of existing “older” channels would decline. Whilst in terms of sheer numbers, that may be true, this shouldn’t be read to mean that channels such as ATM and POS will disappear - far from it...
10 July 2013 /payments
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