4855 Results from /payments
Hans Tesselaar Executive Director at BIAN
With the G20 meeting this week and the European banking industry coming together at Euro Finance Week on November 14th – 18th, the woes of the industry will no doubt be discussed at length. While issues of debt and lending hog the headlines, we must be careful not to lose sight of the importance of the infrastructure on which the banking industry ...
03 November 2011 /payments /retail
Retired Member
The proposals to update the Mifid directive governing European financial markets is just the latest in a slew of regulatory initiatives to hit the financial services market. The increase in regulatory attention in the financial markets is a global phenomenon, and shows no sign of abating in the foreseeable future. And given the backdrop of the cur...
03 November 2011 /payments /wholesale
Gary Wright Analyst at BISS Research
No sooner than the Eurozone crisis appears to be moving into calmer waters than another shock wave hits. Only a week ago it looked like Merkel and Sarkozy had agreed a deal to buy some time to ultimately solve the Eurozone crisis and now it looks like the whole thing is going to collapse. I know a week is a long time in politics but this is becomi...
02 November 2011 /payments Post-Trade Forum
Just a moment ago, Finextra tweeted an piece of Amex-related news: American Express has filed a patent for a system and method for using loyalty rewards as a currency. Any loyalty practitioner will find this statement odd. Loyalty rewards mostly operate on the concept of a 'rewards currency'. So, what is so different about this? Further reading r...
01 November 2011 /payments
Earlier this summer, a story appeared in the press about a new Israeli company, face.com, which claims to provide the ability to recognise a photograph of a face on the web, create an algorithm based on measurements and then use the data to search for other pictures of the same person on sites such as Flickr and Facebook. This seems to be a tremen...
01 November 2011 /payments Innovation in Financial Services
Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions
My stock trading account and the bank account to which it is linked are both held at the same bank which is a Top 3 private sector bank in India. Around five-six years ago, this bank changed all bank account numbers from 11 to 12 digits by adding a leading zero at the start of the old account number. Therefore, an old account number like 001 0400 ...
01 November 2011 /payments /retail
It has been some time since we last posted on mobile security standards (originally the topic surfaced when Global Platform started working with the GSMA and EMVCo) but many industry players have announced updates in recent weeks that are worth digesting. The rapid movement in this space brings us closer to a mobile ecosystem built on a set of secu...
31 October 2011 /payments
It was 1995 when I started to work with online banking.We created services like mobile banking in year 1997 for WAP based mobile banking with Post It Notes because there were no WAP phone in hand. Now I am thinking how we do banking in 2020. Share your visions, here is mine. - In 2020 there will be traditional lending banks and more advanced paym...
28 October 2011 /payments Payments strategies 2015-2020-2030
Olivier Berthier CEO at Moneythor
Just came back from the International Chamber of Commerce (ICC) Banking Commission meetings in Beijing. It was a great conference with excellent content and debates, from the rules making activities to the launch of new instruments like the Bank Payment Obligation to address the open account and supply chain finance space, from regulation with Bas...
28 October 2011 /payments /wholesale Financial Supply Chain
Dear Bank IT Manager, It is incredible how fast time passes. I think that the same week of my last post I sowed rocket seeds in my vegetable patch. Well, I still cannot eat the rocket but it is clearly visible in its row now and surrounded by spinach, cabbages and celery. Anyway, I would imagine that you are probably not very interested about this...
26 October 2011 /payments /regulation Finance 2.0
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