4854 Results from /payments
Craig Ramsey Head of Real-Time Payments at ACI Worldwide
With EBAday starting tomorrow in Madrid, I can't help thinking that one of the main topics of discuss will be around innovation. Whether it is bringing new products to market or offering existing services at a lower cost, innovation in wholesale banking payments is now an important aspiration. Innovation is often seen as the means by which banks m...
14 June 2011 /payments /wholesale
Retired Member
Regulators globally have expressed mixed feeling on banks and financial institutions (FIs) moving into cloud computing. The top of the list concerns are security and data privacy. There are a lot more though. The recent data breaches and data theft will in no way improve on this thinking. While it is quite understandable, it is not a good trend. T...
13 June 2011 /payments CLOUDFinance
Financial institutions, banks and credit cards companies, have invested billions of euros over the last 30 years on payments systems. However over time the complexity of the overall system architectures in place is proving hard to leverage to meet today's demands. But doing away with the old and start from scratch with the new will prove more diff...
13 June 2011 /payments Payments strategies 2015-2020-2030
Brett King CEO & Founder at Moven
The announcement today of Visa’s acquisition of Fundamo signals the drawing of the battle lines in the face off between Mastercard and Visa in the mobile payments stakes. While I understand that a wallet is much more than just an NFC enabler, the announcement of Google’s NFC trial around their ‘wallet’ last month put some pressure on Visa to make...
10 June 2011 /payments Finance 2.0
I have talked a lot recently about legacy payment systems, the problems they can cause within financial institutions and how to approach change, but I often get asked how companies can ascertain if they would benefit from evolving their payment systems. I think there are ten questions they should ask themselves: How do you compare with your compe...
09 June 2011 /payments /wholesale
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
“For several years, the Euro Banking Association (EBA) has been conducting an e-invoicing working group (EIWG), with the objective of contributing to the mass adoption of e-invoicing in Europe and of exploring the potential roles and opportunities for the banking industry.” Service Description & Rulebook’ document. “This document provides an ...
09 June 2011 /payments Innovation in Financial Services
The EU Commission’s proposals on end dates for SEPA Credit Transfer (SCT) and SEPA Direct Debit (SDD) have been widely publicised. These could be as early as 2012 and 2013 – although I would question whether it’s more likely to end up as 2013 and 2014. Either way, as soon as the legislation is passed, we will finally have some realistic SEPA end d...
08 June 2011 /payments
Every time I get new service or new card, I get new user name and new PIN code. As it is written in many data security manuals, never store your codes next to computer, mobile device or similar places, where it can be found. it is also written that newer use same user names or passwords to different places. Problem is that I will forget passwords ...
07 June 2011 /payments Payments strategies 2015-2020-2030
Last week Google announced their long awaited NFC-trial for mobile payments. On the face of it, many perceive that Google’s play is an attempt to cannibalize the lucrative payments market, but if that was the case, why has Google not taken a share of interchange fees from Citi and Mastercard? In addition, Google is supplying contactless point-of-...
06 June 2011 /payments Innovation in Financial Services
George Ravich President at Ravco Marketing, LLC
By offering mobile banking services, banks can encourage their small business customers to upgrade from low-margin retail banking platforms to a higher-margin, higher-value cash management platform. For years, banks have been seeking the answer to the pressing question: how can they convert their small business customers from low-margin retail bank...
03 June 2011 /payments
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