5068 Results from /payments
Nick Ogden Chairman at Ogden Research
It comes as no surprise that the Payments Council has again articulated the demise of cash in their latest report with usage rising just 7 per cent over ten years, while total spending has doubled. The switch away from cash has been long coming with the latest statistics demonstrating that the payments market is changing as consumers look for more...
15 April 2010 /security /payments
Rik Coeckelbergs Independent Advisor, Opinion Maker and Consultant at The Banking Scene
A couple of weeks ago I started to think of biometric payments, how well developped they are so far and maybe how long it will take to have it mainstream. In Belgium there are no signs of biometric payments, at least I have not seen any. So I decided to start some discussions on LinkedIn on this subject, to see if there were any biometric payment...
14 April 2010 /payments Innovation in Financial Services
Retired Member
It is axiomatic that banks have traditionally had problems in measuring their payments business and the value it brings to their bottom line. Are payments just a means to securing a corporate’s DDA or current account? Are they merely an adjunct to credit relationships? Or do they in fact have an intrinsic value which could do far more than adding ...
14 April 2010 /payments /wholesale
The Payments Council announced late last year cheques are to disappear in the UK by 2018. To most people this might feel like a case of, so what? Particularly for corporates, where the use of cheques is dramatically less than say a sole trader or SME. So what impact will this have for corporates? Companies of all sizes will be affected in some way...
09 April 2010 /payments /sibos
"PayPal iPhone app downloaded one million times in three weeks"!!! (see article here) I love technology and I'm convinced that over time new Value Transfer Systems will become more and more common. I can't wait to take advantage of them and also watch our economies and companies benefit from the liquidity and growth due to the ease of u
08 April 2010 /security /payments
Interesting event occurred last week that highlighted a flaw in the drive towards paperless statements and invoices. So many organisations are now trying to encourage people to stop receiving paper and instead view a statement, or bill, online - even allowing downloading locally. All very laudable, but I discovered a flaw this weekend. We're in the...
06 April 2010 /payments Innovation in Financial Services
If you don’t live in a large city, the revolution in mass transit payments that has taken place over the last few years may have passed you by. Cities as far apart as Melbourne, Beijing, London, Salt Lake City and Singapore have all introduced contactless smart cards for their transit systems. In these cities a single contactless transit card can ...
01 April 2010 /payments Information Security
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
Where do digital innovations come from? From investing in research? From investing in infrastructure? From investing in education? From investing in enterprises? Or from investing in speeding up adoption of existing digital services? I believe that all are important - but the most important is the adoption of the existing - because a fast adoption ...
01 April 2010 /payments Innovation in Financial Services
The EU-commission proposal to simplify and unify - and thus speed up -migration to electronic invoicing – especially for SMEs – has now gained EU-wide support. A key element in the new VAT directive is equal treatment of paper and e-invoices. This developement has been in high demand from enterprises and is naturally especially gratifying for the 3...
When you consider the payments filtering techniques used by banks a decade ago, advancements have clearly been made. But when you compare this to the real-time, high capacity capabilities found in the front office, AML compliance still has some way to go. All too often banks are having to dedicate vast amounts of manual resource to their filtering...
30 March 2010 /payments
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