4855 Results from /payments
Retired Member
The current correspondent banking solutions date from the 1970s and cards from the 1950s. Are they really the best answer for the 21st century? The current correspondent banking model was designed in the mid-1970s to support international trade flow of that era. It is an accepted fact by a growing number of bankers that correspondent banking is not...
19 March 2012 /payments
Brett King CEO & Founder at Moven
In the Times business section in the UK today, Andrew Haldane, the Financial Stability Director for the Bank of England was quoted as suggesting that we are entering a phase where the banking sector is being reshaped as a result of technology. Haldane pointed to innovations like Kiva, P2P and social collaboration as some of the forces effecting th...
16 March 2012 /payments /retail Innovation in Financial Services
Elizabeth Lumley Global FinTech Commentator at Girl, Disrupted
OK, so some of you may know I spoke at SXSW in Austin, Texas on Monday. But before I get into the gist of what I talked about - I attended three panels - all looking at various angles on the theme of money. Taming the market in your pocket Credit Coins Cash: Social currency and Finance 2.0 The Future of Money As you can guess, most of the panels...
16 March 2012 /payments /retail Finance 2.0
Michael Wright ex-CEO, NED at Tilte, Taxd, Welleasy
As an eBilling practitioner, the bad news is that you are probably falling short of your target numbers. The good news is that it’s not your fault - but this may not prevent you from getting the axe. Board level expectations of 15% eBilling adoption per annum are normal. In today’s connected society where we are online more than offline and 'going ...
15 March 2012 /payments
There has long been a debate as to whether it is better to run one fully-integrated system or several pieces of 'best-of-breed' software in many areas of application software, and payments is no exception, especially when looking at the corporate front end through to the payment processing engine in the bank’s back office. ‘Best-of-breed’ by defin...
15 March 2012 /payments /wholesale
Technology is evolving at an incredible rate, which means that the strategies you employed 2 or 3 years ago are probably no longer on target. Take personal audio for example: If a group of music executives was discussing how to increase sales on audio cassettes, you’d think they were out of their minds. Going Paperless is not about you – it’s abou...
12 March 2012 /payments
Wow – Payments is a hot topic right now isn’t it? With a few brilliant ideas and a whole host of, well, dimmer ones crowding into the market, our previously introverted corner of the financial services industry is suddenly all over the mainstream media and blinking awkwardly in the glare. If payment technology was a person, it would probably have h...
12 March 2012 /payments /retail
Andy Hunter CEO at Perficiam Ltd
When, in 1984, the marketing team at Midland Bank first removed charges from some personal accounts, they couldn't have guessed at the long term consequences for the UK retail market. At a time when cross sales of new services like mortgages and structured savings products was beginning to drive retail revenues, their objective was to win more c...
11 March 2012 /payments /retail Transaction Banking
Dodd-Frank section 1073 generated much comment at both the International Payments Framework Association (IPFA) General Meeting and the NACHA Global Payments Forum (GPF) conferences in Munich this week. A straw poll of the GPF delegates revealed that two thirds of the attendees believed it has the potential to change the business model for consumer...
10 March 2012 /payments Payments strategies 2015-2020-2030
The line in the sand has been drawn and it is full steam ahead as the SEPA end date has been confirmed for February 2014. The finalisation of the single domestic payments area for the Eurozone is welcome news and its costs and benefits much discussed. Now, it’s time to turn the conversation to how stakeholders must prepare. The stakeholders in n...
07 March 2012 /payments
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