5245 Results from /payments
Retired Member
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
I was having dinner with an entrepreneur in the Indian payments space earlier today. The emerging business models and evolving consumer adoption trends in banking & financial services, soon overshadowed the culinary delights that had adorned the table! A silent revolution is unfolding on the ground, which otherwise appear frequently on busines
18 May 2011 /payments /retail Finance 2.0
Adam Nybäck System Developer at Anyro
During the Google I/O conference this week there was a presentation called How to NFC. People who were hoping to hear about payments were in for a big disappointment. While the demonstrations were very interesting and innovative not a single one had anything to do with payments. By the end of the talk they mentioned that card emulation is still no...
13 May 2011 /payments
John Clarke Head of Product Innovation at WorldNet TPS
Increase in online sales channels The number of online sales channels is increasing. A couple of years ago, being online meant having a web site, but the last two years have seen the development of at least two significant new channels – the mobile channel, and the social channel. Currently there are four accepted “pillars of online commerce” – t...
13 May 2011 /payments Innovation in Financial Services
Many financial institutions are trying to run their critical payments function on disparate, cobbled-together systems, whose complexity and inflexibility make it difficult to respond to new customer needs and market demands. This presents a number of challenges to banks. Firstly, there are spiraling costs and stifled revenues. It is estimated that...
12 May 2011 /payments /wholesale
A few weeks ago there was a very public spat between Verifone, one of the leading providers of payments terminals, and new market entrant for mobile payments acceptance, Square, backed by Twitter founder Jack Dorsey. Verifone claimed Square was insecure and could be easily hacked. Square has subsequently announced that it is going to make all of i...
12 May 2011 /payments
Stephen Wilson Managing Director at Lockstep Consulting
Visa's digital wallet seems to take a different path from 3D Secure. If it's "digital" I wonder if it's interoperable online and how might it work over Internet? The digital wallet will store Visa and non-Visa payments accounts and support NFC through payWave, letting customers complete transactions online, with their mobile, on social ne...
11 May 2011 /payments
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
http://streams.metropolia.fi/old/MultimediaTech2010/bo_harald_2/ all the way to e-invoicing..
10 May 2011 /payments Innovation in Financial Services
An informal foundation meeting was held in Brussels on Thursday (5th May, 2011) of the proposed European E-Invoicing Service Providers Association. In many ways this initiative is long overdue and is a positive indicator of the maturing attitudes of suppliers to the e-invoicing market. The event was very well supported - with about 40 people in...
09 May 2011 /payments
Brett King CEO & Founder at Moven
On 14th of March 2011, The Independent newspaper from the UK published an article suggesting that the iPhone 5 would not include Near-Field Communication (NFC) capability. A few days later on the 17 March, Forbes rebutted the Guardian’s article quoting a source that said NFC was a sure thing. Who’s right, and will Apple delay their NFC launch t
09 May 2011 /payments Innovation in Financial Services
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