5241 Results from /payments
Retired Member
The stories we hear on the recent freeze and confiscation of funds held in bank accounts in Cyprus seems to be more focused on individuals. In the UK we have heard many stories of retirees who had the bulk of their savings in a Cypriot bank, with one poor couple having just sold their property in Cyprus, with the funds sitting in a Cypriot bank pr...
09 April 2013 /payments
While the requirements for SEPA Credit Transfer (SCT) migration are relatively well-understood and straightforward, migration to SEPA Direct Debits (SDD) is a more challenging undertaking. The SDD schemes (core and B2B) were launched nearly 3 years after SCT in November 2010, and adoption was further delayed by ongoing uncertainty about the abilit...
08 April 2013 /payments
We encounter some common concerns when we’re working with companies to implement a payments project. Outsourcing or revising A/P processes can seem daunting, but we can address some of the larger concerns here. I’ll cover moving from check to virtual card first, and in the next blog, I’ll discuss concerns with ACH and check printing projects. Ch...
Gareth Ellis Account Manager at ACI Worldwide
With the mobile phone hitting 40 this week, it’s amazing to see how far it has come since the first model back in the 70s. With an estimated six billion mobile subscriptions worldwide, we’re seeing more and more handsets replacing many things we take for granted, including money. But for a decade and a half, mobile payments have struggled to make ...
05 April 2013 /payments
Paul Love VP Business Development at Konsentus
"Lets shake on it" - A handshake has always been the way to seal a deal. It is a human interaction, based on trust and relies on the honor and integrity of the parties involved. Last week an article in the Telegraph "Cash or card? Soon we'll be paying by handshake" suggested that customers may also be able to "pay by hands...
05 April 2013 /payments Innovation in Financial Services
"The hardest thing of all is to find a black cat in a dark room, especially if there is no cat." It was Confucius who described the current problem that the payment industry is facing: there is none. At least, not the one they are solving. It is easy, with all the hype around "mobile", "contactless" and "a trillio...
04 April 2013 /payments Innovation in Financial Services
Jane Adams Marketing at Currently looking for a job
It’s time to sign up for another lot of self-improvement or to be precise adult education class. This time, in my ongoing quest to embarrass myself in as many different environments as possible, it’s ballet for adult beginners. What was really shocking about this though wasn’t the idea of me in a tutu, it’s what happened when, after queuing in per...
02 April 2013 /payments
The 2013 AFP Payments Fraud and Control Survey has been published and this year’s survey results indicate an overall decrease in the incidence of fraud attempts. This downward trend is due in part to the increasing shift from paper to electronic payments. With fewer checks in the system, less check fraud occurs although checks still remain the mo...
01 April 2013 /payments
During this ‘countdown’ year to the SEPA migration end date, certain things have become apparent. Firstly, the inertia that has dominated the industry for some years about SEPA now needs to end, as we have discussed in previous instalments in this series. Secondly, there is significant help available today to facilitate migration, particularly the...
Elizabeth Lumley Global FinTech Commentator at Girl, Disrupted
I had an interesting week last week. Not all of which was 'on the record' so to speak - Chatham House Rule and all that jazz. But I believe I can give ya’ll the gist of it. It started out with bankers confused about the future of banking. Then round the middle was a dinner with some investment banking folks entering the seventh stage of grief for t...
27 March 2013 /payments Disruption in Retail Banking
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