4854 Results from /payments
Retired Member
Since the financial crisis, supervisors across the world have been trying to work out ways of dealing with banks deemed to be ‘too big to fail'. The most obvious solution (and the most simplistic) is to chop them up into manageable bits so none are too big or interconnected to be allowed to fail, because the current received wisdom seems to be tha...
25 May 2011 /payments /wholesale
It seems that the technology for supporting mobile payments will soon become widely available. Most of the major smartphone operating systems have announced support for NFC. Many big names such as Nokia, Blackberry and HTC have launched NFC phones and some key Mobile Network Operators have made announcements too. However, this new payment eco-syst...
24 May 2011 /payments
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
My name is Guy. Mr Same Guy. I show up in as a so called private customer off hours, then during working hours as a corporate customer, as a citizen in public sector services and often also as a member of associations, clubs etc. My point is that there are no corporate customers, no private customers, no citizens etc - only human customers or users...
23 May 2011 /payments Innovation in Financial Services
Siddharth Udani Client Partner at Consulting
We have seen, heard and acted a lot in the Payments space over last few years either to comply with new regulations like SEPA or to consolidate Payments Systems to reduce costs. Covering the obvious to 'reduce costs' and comply with EU regulations, banks are still not targeting enough to increase revenues in payments processing. Definitely regul
23 May 2011 /payments /wholesale Banking Architecture
Some years ago I was in charge of Nordic payment project, where we suppose to build a common interface for Nordic online bank. For several years that project was stuck, because a lot of misunderstandings. When it was my time to lead a project, it took me some months until noticed what is wrong. In the project group there were four members from fou...
23 May 2011 /payments Payments strategies 2015-2020-2030
John Dring Digital Services and mCommerce at Intel Network Services
OK, I have not initiated a Finextra blog for a while. Time to at least put an alternate perspective on the raft of NFC spawned mobile payment announcements. NFC is being embedded in devices. POS terminals are being cycled to include NFC readers. The public are being groomed to go ‘contactless’. All well and good. But I have a problem calling ...
21 May 2011 /payments
James Campbell Director at Finch & Bamford
No, not yet, but this might be about to change. Jack Dorsey recently made a photo post of an internal Square dashboard to celebrate their achievement of a Daily GPV (Gross Payment Value) of $2 million. A significant milestone as they are at the forefront of mobile payment and merchant card acceptance innovations. This photo so intrigued me that I ...
20 May 2011 /payments Innovation in Financial Services
Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions
A month ago, when I read this news item on Finextra about ISIS ditching Discover and deciding to tie up with Visa and MasterCard, something didn't sound right. After all, creating another payment network seemed to be the raison d'être for the formation of this company. And, since it had the backing of Verizon Wireless, AT&T and other leading A...
20 May 2011 /payments
https://www.facebook.com/pages/Real-Time-Economy-Program/128016310610648?sk=wall
19 May 2011 /payments Innovation in Financial Services
We know that most financial institutions are burdened, to a greater or lesser degree, by siloed legacy payment systems. Part of the problem is that the limitations of this architecture of legacy infrastructure are not immediately obvious. Individual systems function, and function well for the most part. But although they serve their individual pur...
19 May 2011 /payments /wholesale
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