4855 Results from /payments
Retired Member
Recruiting great salespeople from outside the payments industry can be a winning strategy. But there’s an obvious problem: they have no experience of the industry. How do you help new hires to learn the knowledge they need to be effective quickly? I work a lot in the payments industry, and I’ve seen this strategy work very well for merchant acquire...
01 September 2011 /payments Payments strategies 2015-2020-2030
In Europe, most banks have already implemented Basel II. The next step is complying with Basel III, which has significant add-ons compared to its predecessors – including much higher capital and liquidity requirements – specifically shining a torch on the so called global systemically important financial institutions (GSiFis). In the US, the Basel...
01 September 2011 /payments
People often ask me, “Hey Mike, when do you think checks will disappear as a form of payment?” This is a good question; not just because companies like mine are focused on helping other companies Leave the Check Behind, but because checks are costly; they consume natural resources; they are subject to fraud; and they are the most inefficient form o...
31 August 2011 /payments Innovation in Financial Services
The financial world is searching for ways onto a path of stable growth. However, there are challenges along the way. Trust among customers – both retail and corporate – has yet to be fully regained. The depth, breadth and frequency of regulation is increasing as new bodies such as the EBA come into clearer focus. Revenues, and therefore profits, a...
26 August 2011 /payments
But we voted for their unbalanced and uninformed contributions to debate. 1 in 200 cheques bounces - these don't appear on the cheque fraud statistics because they may not have been forged or "converted". They may just be written by people or companies with insufficient funds. This can be an offence but it is rarely prosecuted. The disru...
Brett King CEO & Founder at Moven
As the news of Steve Jobs' resignation rocks the world today, it's almost like we're reading his obituary rather than the news that a Fortune 50 CEO has moved on. The impact of Steve's resignation will be felt hard on Apple's share price no doubt, and even potentially hit the very fragile US market at a time of uncertainty. Although Apple's leader...
25 August 2011 /payments Innovation in Financial Services
Transaction banking is now receiving the respect it deserves as a sustainable source of revenue and vital customer touch point. In fact, in 2009 global payments revenues were $900 billion – double that of our worldwide airlines. However, financial institutions face significant obstacles on the path to profitability given that the global payments la...
23 August 2011 /payments /wholesale Transaction Banking
Over last few months various groups have launched their mobile wallet offerings. In the U.S., Isis, the mobile payment initiative that AT&T, T-Mobile and Verizon started last November, recently announced plans to launch a pilot project in 2012. This project will create a payment network that enables customers to pay, redeem coupons and store ...
22 August 2011 /security /payments
I am not impressed by iZettle. Please hear me out. The concept of contact based card reader devices is nothing new. We see it all day. It so ubiquitous, that we don’t notice it at all; Let alone recognize it as an innovation. The accompanying video reveals all. Device 1: mobile phone, device 2: card reader and 3: the credit card itself. This is no...
19 August 2011 /payments Innovation in Financial Services
“If you line up the 30 billion checks issued by the top check writing countries in the world each year, you’d have a paper trail all the way to the moon and back.” The video, Global Mobile Finance contains statements such as these that truly make us wonder when we are going to finally leave the check behind. In the B2B world, the drivers for mo...
18 August 2011 /payments Payments strategies 2015-2020-2030
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