5267 Results from /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
Retired Member
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
Imagine a VC meeting to pitch an idea in the 90s. The pitch is that from a phone you will send short messages, limited to 160 characters, it will be the world’s most dominant communication medium, a market worth 1.6 trillion dollars worldwide and the only way you’ll actually communicate with a teenager. Heavy users will actually develop new muscle...
05 July 2013 /payments
Elizabeth Lumley Global FinTech Commentator at Girl, Disrupted
I've been to a fair amount of FinTech, financial services and payments conferences in my time. I once sat through one where an old man in a badly fitting suit read passages from the Payments Services Directive...line by line...(I still have flashbacks). However, outside of the non-stop party that is European banking regulations, nothing screams Fin...
04 July 2013 /payments Disruption in Retail Banking
Two years ago, Arriva won some awards for their m-ticket solution. The concept was dead simple: a mobile app that displayed "dynamic" barcode image. Masabi offered a similar concept for the railway ticketing, but as barcode infrastructure did not spread much, being superseded by contactless smart ticketing, Masabi went to the US in sear...
03 July 2013 /payments Innovation in Financial Services
The first step to solving a problem is to admit you have a problem. I have been involved with card fraud systems for over 20 years and too many times when I have discussed fraud I’ve been greeted with the opening line “of course we don’t have a fraud problem here” I was struck when seeing some fraud statistics for 2012 released by RBI for India ho...
03 July 2013 /security /payments
The UK government is encouraging the use of e-invoicing across all central government transactions. Mandating will be considered as a possibility, if it’s seen as an effective way to spread best practice. From our perspective encouraging e-invoicing is a great step. It will support the government’s wider aim to help SMEs grow and compete for publi...
02 July 2013 /payments
NFC fanatics are anxiously awaiting the EMV liability shift in hopes the card networks’ mandates will drive NFC adoption at the point-of-sale (PoS). While many are already heralding EMV as NFC’s savior in mobile payments, it’s far too early for celebrations to ensue. Yankee Group expects the EMV liability shift will have a profound impact on NFC...
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