5273 Results from /payments
Retired Member
I was at an industry conference recently that focused entirely on mobile wallets, listening to presenters from various industries talk about the future of mobile wallets. One thing is for sure: Nobody has any idea how and even if a mobile wallet will ever become widely used. Banks are building mobile wallets, mainly out of fear of losing touch wit...
23 May 2013 /payments
Martin Ruda Managing Director at Tall Group
The international banking community in London came together recently, at the Stationers Hall, for the Association of Foreign Banks’ two-day conference. A host of leading industry voices spoke on a range of topical issues and challenges including payments, treasury management, financial transaction tax (FTT), Foreign Account Tax Compliance Act (FAT...
22 May 2013 /payments
Brett King CEO & Founder at Moven
I had a call with an industry colleague earlier today talking the recent news on GMail Google Wallet integration, Dwolla's funding round and the "Square Cash" announcement. At large I'm seeing two broad industry responses to these moves. The first, is to see this all as a distraction from mainstream banking and that essentially all these ...
22 May 2013 /payments Innovation in Financial Services
Electronic invoicing isn’t new and has been around some time in the form of electronic data interchange. A question I am frequently asked, and most recently by a UK government Minister, is if e-Invoicing offers such compelling cost savings and efficiencies, then why isn’t everyone doing it? It’s a great question, and one we are currently attemptin...
20 May 2013 /payments
With the recent news that the Council of the European Union is demanding that SEPA migration efforts are doubled, the question remains, do payments professionals fully understand the steps to becoming SEPA compliant before the 2014 end date? Many complex logistics need to be addressed by corporates looking to capitalise on the cost savings SEPA is...
17 May 2013 /payments
Jane Adams Marketing at Currently looking for a job
Early one morning a week or so ago I got an automated phone call from my credit card provider. The robot voice reeled off a list of recent transactions. I didn’t recognise one (£10 for a mobile top-up - I use this card uniquely for work expenses) so I pressed ‘1’ as requested. Frankly, I wish I hadn’t bothered. At that point I was feeling mildly g...
16 May 2013 /payments
Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions
Running From Pillar To Post To Link Aadhaar Card To Bank Account On my last few visits to the Internet Banking portal of this bank - a Top 3 private sector bank in India - I'd been seeing the banner shown below - no, bottom of this page - requesting customers to link their Aadhaar Number to their bank account at the earliest. (For the uninitiated,...
14 May 2013 /payments
What lies in store for corporate payments over the next ten years? The biggest evolution in the next ten years, and one that has already begun, is the move to XML. “Really, is moving to use XML such a big deal?” you might ask. Well, it is much more than just changing the syntax of what gets sent to / from the bank. I think ten years from now, ...
13 May 2013 /payments Payments strategies 2015-2020-2030
Uri Rivner CEO and Co-Founder at Refine Intelligence
It was one of the largest cyber-heists in human history. Like in many other cyber attacks, it started with breaching a secure network. This time the target was a US-based processor of prepaid cards issued by Bank of Oman. The attackers went in, took control of several accounts, raised the withdrawal limits and, most importantly, stole the PIN numb...
10 May 2013 /payments Information Security
Why aren't retailers jumping en masse aboard the mobile payments train? Well, there is no gravy on it, the train is not leaving the station yet, and it might even be cancelled. It all boils down to "what's in it for me?" As a retailer, I am hit with the same charges no matter how card-linked payment is done - contactless (card or mobile),...
06 May 2013 /payments Innovation in Financial Services
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