5258 Results from /payments
Retired Member
As financial institutions review their payments infrastructure, it is likely that many will decide that they need to start to consider how they evolve current systems in the future, if they haven't started already. But where should they aim to get to? If today's payment systems are siloed, non-compliant, inflexible and uncommunicative, the payment ...
26 May 2011 /payments /wholesale
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
Online banking is not ready as long as users: - users have to type in loads of reference numbers, dates, amounts etc when paying bills - do not get mobile notifications when needed for too low or too high balances, transactions effected, invoices received etc - cannot approve proposals with mobile press “a” for affecting proposal (invoice payment, ...
26 May 2011 /payments Innovation in Financial Services
The US OFR has asked the financial industry to come up with a standard Legal Entity Identifier that doesn’t include any “information”. That means that the identifier won’t give away any information about the entity itself – its name, its type or the country that it is based in. This is an opportunity for the industry – globally – to provide its ...
26 May 2011 /payments
Brett King CEO & Founder at Moven
Square POS and Cardcase, ClearXchange (BofA, Chase and Wells), Visa NFC trials, Google NFC trials - wow! Mobile Payments just arrived big time this week in the US particularly. So what does it all mean? Inevitability is biting Clearly there's a bunch of very smart people that have all come to the same conclusion over the last months. Mobile Payment...
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
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
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