4853 Results from /payments
Retired Member
“For years we’ve been hearing that checks are going away, yet they are still used for the majority of B2B payments in North America.” I have heard that statement at nearly every trade show that I have attended this year. The trend toward electronic payments has been strong in the retail banking world where the ever growing availability of online...
17 February 2011 /payments Payments strategies 2015-2020-2030
SEPA is due to become a full-blown regulatory event once the end-dates are set by legislation. The first reaction to any regulatory change is generally that of ‘response’ – dealing with any required change. And that is often the minimum to achieve compliance. Yet this is set against a background of revenue challenges; as the Boston Consulting Group...
16 February 2011 /payments
Nick Ogden Chairman at Ogden Research
This week marked the anniversary of when chip and PIN came into force in the UK. Five years’ on, there are apparently more than 140 million chip and PIN cards in issue in the country and more than one million chip and PIN card terminals in place, not to mention the fact that many European countries have now rolled out EMV. As a result, great strid...
15 February 2011 /security /payments Online Banking
Clearly if the entire banking system ruled by the US driven data sharing and transaction reporting rules can't find billions freshly stashed by fleeing dictators - the whole effort is a joke. A joke on European and Asian banks that is. It is also a completely unnecessary cost impost on banks and their customers. Are you all what we call 'mugs' in A...
14 February 2011 /payments /wholesale Whatever...
Have published a report recently on Electronic Payments in India recently. The report attempts to outline key trends and developments in the domain and identify some key opportunities and challenges that would emerge as we move forward in this decade. The report is distinct in that it has been written from a business perspective, and touches upon a...
14 February 2011 /payments Finance 2.0
Last week or so, my client asked if they could use direct debit as optional payment method. To me this is really valid point. They said that when offering their service from iTunes, they pay hefty 30 % commission for Apple. When offering service to be paid with credit card, commission is nearly 2,5 % to 4,5 % per paid service. When discussing with...
10 February 2011 /payments Payments strategies 2015-2020-2030
In the B2B world, generally speaking, buyers and suppliers both understand the benefits of moving to electronic payments. These benefits include higher rates of straight-through processing, reduced bank fees, improved security, quicker settlement, and reduced costs. Typically, electronic invoice payments are made over ACH networks. Now, in addit...
09 February 2011 /payments Payments strategies 2015-2020-2030
The report from Boston Consulting Group reinforces the anecdotal evidence that we are hearing from banks all around the world – payments are an essential service, but revenue per transaction is decreasing. In order to maintain overall profitability, financial institutions must take a two-pronged approach – growing transaction volumes and reducing ...
09 February 2011 /payments
Andy Hunter CEO at Perficiam Ltd
There was a time when bank marketing departments offered well crafted products delivering genuine value for money, but that doesn't seem to be the case now. Advertising is dominated by savings accounts paying way below inflation, and cash incentives to switch banks for no reason other than the cash itself. Whatever happened to the value propositio...
07 February 2011 /payments /retail UK Faster Payments
Brett King CEO & Founder at Moven
Given the recent discussions on the Starbucks Payment App and emerging NFC I thought this interview with myself and Omar Green (Intuit, Director of Strategic Mobile Initiatives) by Lori Ann Lorocco at CNBC might be of interest... Will the wallet soon be a thing of the past? At the rate mobile banking apps are being adopted, who knows. Intuit annou
05 February 2011 /payments Innovation in Financial Services
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