5256 Results from /payments
Retired Member
In my last blog, I examined how a Payment Factory can help improve global cash visibility across an organisation. Now I would like to examine that in a little more detail. I discussed how banks connected to SWIFT will send out MT940 messages (end-of-day account statements), which can be forwarded on to the different back office systems. That leads...
01 July 2013 /payments
It was hard for anyone who followed mobile payments to miss the headlines about Clinkle, a Silicon Valley startup headed by the CEO who raised more millions that his age. Getting $25m in SEED money from such top names as Accel, Andreessen Horowitz, Intel, Intuit and Peter Thiel warrants attention, so let's peak under the hood of that (not so) myst...
01 July 2013 /payments Innovation in Financial Services
In part I of my “Card Acceptance Matters” blog article, I discussed the high-level results of research conducted by MasterCard and Kaiser Associates, and the finding that card acceptance can lead to increased purchasing volumes per customer. In this article, we’ll take a look at how card acceptance can lead to greater revenue consistency. Paying ...
There is no stopping the evolution to a cashless society. It will be a convergence of the internet, credit and debit cards that have Visa PayWave & MasterCard PayPass, American Express cards that have ExpressPay, and a smart phone that can be used in much the same way as a physical wallet is used, only with virtual examples of credit or debit ...
Hailo. Whilst hundreds of companies in the payments space are racing to solve the nonexistent problems (or, at the very least, problems which neither the consumer nor the merchant care much about), Hailo offered a great solution without even inventing anything. In fact, payment was a pleasant side-effect of their core product. Hail a cab using Hai...
27 June 2013 /payments Innovation in Financial Services
The most frequently cited and referenced part of PCI DSS relates to protection of cardholder data, mainly card number (PAN), cardholder's name and card expiration date. Now, Dave Birch of Consult Hyperion (one of the leading consultancies in the payments industry) as well as Mark Austin, head of contactless at Visa Europe, are saying that the info...
26 June 2013 /payments Innovation in Financial Services
Martin Ruda Managing Director at Tall Group
Payments Challenges in Emerging Markets supporting high growth economies As the world changes its perception of emerging markets beyond the now well-documented BRICS success stories, Africa and in particular sub-Saharan Africa, comes into focus. So what challenges does the payments community face in supporting multi-national corporates in-country ...
26 June 2013 /payments
By John Doyle • June 25th 2013 The Payexpo conference and exhibition held last week at the Excel in London was a busy affair. Three main streams a non-stop exhibition and several side events meant that you had to study the agenda carefully in order to see what you wanted to see; little opportunity to attend less ‘on focus’ presentations to glean...
25 June 2013 /payments UK Faster Payments
Tushar Chitra Vice President, Product Strategy and Management at Oracle Financial Services
On April 17th, the ICC Banking Commission approved the URBPO contractual rules, which will be brought into effect from July 1st 2013.This recent announcement is likely to create ripples in the financial services industry. In this blog I will review what BPO means, what are the uniform rules (the UR in URBPO) mandated by ICC, and what would be the ...
24 June 2013 /payments /regulation Future Finance
Those of us in the payments industry talk regularly about the potential of mobile payments and the benefits they could bring. Laying aside for the moment the fact that I feel, at times, as if we all get so excited about mobile we’ve stopped looking for what comes next, I do think it is worth taking a step back and looking at some of the challenges ...
21 June 2013 /payments
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