5220 Results from /payments
Retired Member
The Payment Protection Insurance (PPI) mis-selling scandal that the UK banking industry is still paying for is forecast to be costing them somewhere in the region of £15bn. Is the value of premiums on mis-sold policies really as high as that, and why was mis-selling so rampant. In my time at a leading UK bank I actually had management responsibil...
15 January 2013 /payments
Andres Fontao Partner at finnovista
Following up on my recent blog entry regarding my attempt to go cashless and cardless for a week when in San Francisco late last year, it’s worth sharing observations of payment methods from a recent trip to Argentina and Uruguay in late December 2012. As those of you who know me, I am a strong advocate for mobile financial services, having spent ...
14 January 2013 /payments Payments strategies 2015-2020-2030
I am continually baffled by these people with fancy titles like Chief Innovations Officer who announce the deployment of "gimmicks" and say they are wonderful new technology breakthroughs, and oh yes... Secure. Rubbish. NFC is not secure in it's present form. And tell me, what prevents someone else using my phone to "Pay and Run"...
13 January 2013 /payments
In our last blog we raised the question of how to encourage merchant acceptance of mobile payments so that consumer demand for such payments might also be stimulated. We highlighted the conundrum that exists for physical card payments in many emerging markets, where, despite issuance and demand from consumers for these payments, the lack of merch...
10 January 2013 /payments
I was doing a project some years ago for the OECD, looking at how to regenerate the electronics industry in the UK in the face of heavy competition from Asia/Pac. One of the most memorable interviews that I did was with the head of a disk drive factory in the UK. With increasingly automated processes, the machines that automated manufacturing pr...
Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions
According to a Barron's article titled The End of Cash?, the use of cash as a percentage of retail spending in the USA declined from 36% in 2002 to 29% in 2012. Extrapolating these figures - by using the same negative CAGR that works out to around 19.5% per decade - we should see the end of cash usage by 2202, that is, 190 years from now. An Excel...
08 January 2013 /security /payments
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
We keep hearing from enraged enterprises that some e-invoicing service providers still continue with their old 3-corner strategy > signing up big invoice reveivers and trying to force suppliers to sign up with this particular service provider. Especially angry comments come from those who already have a functioning relationship for their large v...
07 January 2013 /payments Innovation in Financial Services
Strong e-id is often needed when logging in also to non-banking services. Reusing bank e-id also there - especially in the public sector - is something of the most sensemaking aspects of also otherwise much needed public-private co-operation. 2011 was a great year for bank e-id (TUPAS) - the alternative (a state issued smartcard) is not used at al...
Which Message Format to Use for Health Care EFT?… In Part I of my Understanding Healthcare EFT standards blog, I identified several major obstacles for health care providers to adopt EFT (electronic funds transfer) and ERA (electronic remittance advice). In Part II, I explored the differences between in-band versus out-of-band remittance delivery...
03 January 2013 /payments Payments strategies 2015-2020-2030
First things first. Big THANK YOU to all of you who follow or occasionally read my blog here - you are the main reason my analysis of Google Wallet ended up becoming Finextra's most popular blog post in 2012. I'll do my best to offer more thought-provoking views in 2013. My first blog post this year was inspired by my trip to Singapore for the New ...
01 January 2013 /payments Innovation in Financial Services
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