5054 Results from /payments
Retired Member
Don’t let anyone tell you different, price transparency in Banking has come on a long way since my early experiences as a teenager in banking in the 1970’s. I recall being invited to take the printout of business customers into the manager’s office at one of the first branches I worked at so that he could assess the annual fee to be charged to ea...
20 December 2012 /payments
Both of the international card schemes include in their impressive array of member fee tariffs an assessment fee for Issuers that breach a percentage threshold of authorisation referral responses to authorisation requests received. The percentage is 0.5% but that is incidental. Both card schemes are, of course, fiercely protective of their bran...
In-Band vs. Out-of-Band Remittance Delivery… In Part I of my Understanding Healthcare EFT standards blog, I identified several major obstacles for health care providers to adopt EFT (electronic funds transfer) and ERA (electronic remittance advice). In Part II, I will explore the differences between in-band versus out-of-band remittance delivery...
19 December 2012 /payments Payments strategies 2015-2020-2030
Martin Bailey Technology Product Director at Temenos
When you're about 4 years of age, piggy in the middle is a fun game, but it kind of loses its lustre by the time you get to 5. At the tender age of 42, I don't ever want to play it ever again, but my bank seems to have different ideas. When my wife asked me to make a payment to her friend - no problem, I thought. I've paid her once already, so I al...
18 December 2012 /payments Banking Architecture
The GSMA recently issued a discussion paper on mobile merchant payments (or eWallet Merchant Payments as they label them). In it they laid out three conditions that they felt needed to be in place to drive customer uptake of mobile merchant payments - namely consumer demand, a clear consumer benefit, and an eWallet stored value (i.e. a positive b...
18 December 2012 /payments
Pat Carroll Founder/Executive Chairman at ValidSoft
On data breaches and forms of attack: resistance is futile In 2012, we have seen an increasing number of sophisticated attacks made on a range of organisations in an attempt to capture consumer information. In 2013 we should not only expect such attacks to escalate in terms of frequency and significance, but for traditional defence technologies t...
17 December 2012 /payments Innovation in Financial Services
Despite a few technical changes that have occurred in recent years, until now the traditional payments landscape hasn’t changed much since the first payment card was introduced a few decades ago. The Point-of-Sale (POS) has largely retained its primary focus of allowing retailers to accept and collect payments from consumers. This is rapidly chang...
13 December 2012 /payments /retail Payments strategies 2015-2020-2030
The Ancient Mayans predicted that the world will end on 21st December 2012. While some of us may laugh at those stocking up on the non-perishables or forgoing Christmas shopping, the Mayans – who considered themselves a developed economy – may have been on to something. While booming markets in Africa, India, Asia and South America delight global ...
12 December 2012 /payments Payments strategies 2015-2020-2030
NFC World ran an article on 5S "likely" to have NFC, citing investment bank Jefferies who said that "based on our checks, likely updates include a new super HD camera/screen, a better battery, and NFC." I wonder what those "checks" were... Supply chain inventory? Design drawings? Or details of Apple's commercial model...
11 December 2012 /payments Innovation in Financial Services
Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions
There has been a spate of ads and announcements over the last 3-4 weeks by banks in India about the introduction of the new Cheque Truncation System, CTS-2010, from the new year. For the uninitiated, CTS transforms cheque clearing from a paper-intensive to a digital process whereby only images of cheques move between the payer bank, payee bank a...
06 December 2012 /payments /retail
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