4822 Results from /payments
Michael Wright ex-CEO, NED at Tilte, Taxd, Welleasy
B2C eBilling has failed. In its many guises (Electronic Billing, EBPP, Paperless Billing), ebilling has been around for many years now, yet adoption rates continue to fall dismally short of expectations. The replacement of environmentally damaging paper bills with convenient electronic bills, has achieved adoption rates of around 10% to 15% acros...
27 January 2009 /payments
Paul Penrose Head of Research at Finextra
The UK's Faster Payments service has taken a critical panning from the BBC. The Corporation's MoneyBox programme claims the system is in "disarray", as banks implement the technology in a disjointed patchwork fashion. Northern Rock, Citibank and Abbey have not started to make same-day payments. The Association for Payments and Clearing ...
26 January 2009 /payments /retail
Richard Barr Principal Associate at Citadel Advantage Ltd.
We hardly ever question the benefits of STP. And for the most part, STP is really a smart move. It saves on errors, manpower, time and increases profits. What's there not to like about it? Well, you already know that's a trick question on my part because I'm going to answer it myself. STP can become a liability rather than an asset when we become t...
Retired Member
MasterCard recently published a report, “Benefits of Open Payments Systems and the Role of Interchange.” (direct link, background). I interviewed MasterCard’s Shawn Miles, Group Head, Global Public Policy and Regulatory Strategy Counsel. Aneace: One of the benefits of interchange is that it helps fund innovation, and we have definitely seen in Au...
26 January 2009 /payments
Many people have been after me for not keeping up with my blog. When the crisis hit everything changed. Things I was writing about suddenly seemed less relevant. Today, I can see more clearly that there are still many topics that are relevant, and even more so now, while there is at least one really big thing that is much less relevant. Interchang...
24 January 2009 /payments
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
Quoting Tom Peters: "I have learned only three things in forty years. One, he or she who has the best relationships takes home the price. Two, all effective leaders are full-time sales people. And three, he or she who tries the most stuff wins; action beats talk ten times out of ten." This fits very well in with the success stories we ha...
21 January 2009 /payments
A recent Charities Commission report found that one in four charities have seen a drop in donations in 2008 while one in 12 is experiencing severe financial trouble. It is easy to see why this is happening and it’s a sad fact of the current economic times. Consumers are simply being squashed from all directions: council tax, utility bills, increa...
19 January 2009 /payments /retail
Stanley Epstein Associate at Citadel Advantage Group
There has been news in recent weeks in the press that the banks continue to wield undue influence, aimed at protecting their powers. This time the news comes from Kenya and it's all about M-PESA. For the uninitiated M-PESA is a micro-payments and banking system based on the mobile phone. The service is aimed at mobile users who do not have a bank...
15 January 2009 /payments /retail
Highly praising the effort, achievement and activities of the EPC and banking community, I have an opinion that the decision on the part of the EC, ECB and national central banks / regulators to manage SEPA implementation and migration in the 'self-regulated' mode was a costly mistake. The criticism of the EPC and the banking community, although s...
02 January 2009 /payments /retail Finexpo
Banks have already substantially cut credit limits and it seems obvious that they should be giving out fewer cards than in the past, but you can’t really tell this with all the credit card marketing still happening in Singapore’s shopping districts. Will banks continue promoting card usage and credit consumption as the crisis grows, or will rewar
22 December 2008 /payments
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