5230 Results from /payments
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
Observations: 1. banks have signed up 230 000 enterprises (mostly for b2b) - almost all active ones in the country 2. volumes grew very fast in 2012 but will accelerate this year
14 June 2013 /payments Innovation in Financial Services
Observations: 1. 5,4 m citizens have made 5,8 m e-banking contracts (pay for the service to two banks in many cases) 2. transactions continue to grow fast
Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions
The proverbial ink has hardly dried on my blog post titled Mobile OTP: Cyanide Or Caffeine For Online Payments? than I saw the following 'kiss-of-death' screen on my laptop <Finextra readers to please scroll to the bottom of the page>: This happened on the very first occasion that I'd tried to pay my broadband bill online after the new secu...
14 June 2013 /payments
Retired Member
OK I have to admit I have something in common with Indiana Jones – I hate snakes. Sadly that’s where the similarity ends. My worst nightmare would be to have a snake come from the ATM rather than cash. I’ve seen that same YouTube video purporting to come from three different places at three different times – so maybe it’s another myth that was ne...
Jane Adams Marketing at Currently looking for a job
I’ve spent the last few days nose deep in the ‘Opening up UK Payments’ consultation document issued in March by HM Treasury. This paper outlines the government’s desire to impose utility style regulation on payments systems in the UK and is a follow up to the earlier consultation ‘Setting the Strategy’ about setting up a Payments Strategy Board to...
13 June 2013 /payments
Nahum Goldmann Partner at BelPay.be
http://money.cnn.com/2013/06/11/news/world/bank-error-napping/index.html Speaking of transaction banking and exception management, a bank clerk nodded off for a second while processing a transfer request and held down the number 2 on his keyboard, changing the amount from 62.40 Euros to 222, 222, 222.22 Euros, according to testimony before a Germa...
13 June 2013 /payments /regulation Transaction Banking
The evidence is there that people are definitely embracing new ways to shop – be it Amazon, iTunes or even supermarket shopping with home delivery. In many cases, cash isn’t even an option when paying at these new outlets – meaning consumers are forced to use alternatives. The meteoric rise of PayPal is a good example of this. However, around the...
12 June 2013 /payments
Contactless payments are on the cusp of becoming main stream. Currently consumers can use the quick and convenient payment method in a number of shops and restaurants, including EAT and McDonalds. According to the UK Cards Association, in March 2013, there were 32.5 million cards with contactless functionality whilst there were 147,000 contactless ...
11 June 2013 /payments
Eric Smith Senior Pre-Sales Consultant at Dynamic Partners
The latest news from the UK Payments Council, especially on the back of the recent study by Market Platform Dynamics shows that the use of cash is greater than ever, despite the plethora of electronic and mobile alternatives. For those outside the payments industry, the true cost of cash is invisible – they think it’s ‘free’, But actually, physical...
10 June 2013 /payments
Everyone wants to be part of the mobile payments revolution. By now most players realized that there is no money in payments. The next stampede direction - Big Data. Who wouldn't want to fight over that dessert. Yet, as Harry Ellis (Die Hard) put it: "It's not what I want, it's what I can give you". (He became extinct when he failed to de...
10 June 2013 /payments Innovation in Financial Services
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