4685 Results from /payments
Paul Penrose Head of Research at Finextra
Computer scientists at Harvard's School of Engineering and Applied Sciences, in collaboration with colleagues from the Netherlands, are using a novel peer-to-peer video sharing application to explore a model for electronic commerce that uses Internet bandwidth as a global currency. The researchers envision an e-commerce model that connects users ...
30 August 2007 /payments /retail Futuristic Banking
Elton Cane Digital product delivery at News Corp Australia
First Data's acquisition by an affiliate of Kohlberg Kravis Roberts & Co. (KKR) received domestic and US regulatory approval today. In recent weeks, as the US sub-prime mortgage crisis spread to the wider credit markets, there has been some speculation that the banks underwriting large leveraged deals such as KKR's $29billion acquisition of gl...
22 August 2007 /payments /wholesale Finextra50 fintech index
Billed as the official place for all things PayPal, the online payments pioneer has opened a corporate blog with the following mission statement: "We created The PayPal Blog as a forum for PayPal employees to engage with you -- to connect you with the leaders of our company and capture their insights and opinions. Most importantly, we want to...
15 August 2007 /payments /retail Trends in Financial Services
As discussed in this Finextra story from April CheckFree was facing the prospect of losing Bank of America as a customer of its payment processing business. BoA was, and still is as far as I can tell, looking to bring this function in-house and perhaps even start doing payment processing for other firms. The client note by the JMP Securities analys...
03 August 2007 /payments Finextra50 fintech index
Retired Member
I’m buying and selling houses this year. Sounds very grand, but I assure you that there is minimal wealth involved here. Facts are that the last two junior family members are off to university in central London this September, so Plan 1 - Senior Management and I decided to sell the family pile quick, and move somewhere distant and smaller so that ...
23 July 2007 /payments
Kohlberg Kravis Roberts has tapped Michael Capellas to take over as CEO of First Data when its $7 billion buy out goes through later this year. Capellas made his name as a corporate turnaround artist, first at Compaq and then at MCI. On both occassions he served a short stint in the top seat, savaged costs and sold on the companies for a hefty fee...
12 July 2007 /payments /retail Finextra50 fintech index
As the main UK payments body, Apacs forecasts payment trends, conducts market research and collates industry statistics. Publications such as ‘The way we pay: UK plastic cards 2007’, come with a £250 price tag and bring together information on how many cards we have and what we spend our money on, both in the high street and online. If you want...
06 July 2007 /payments /retail EBAday
John Shepherd-Baron, the former De La Rue executive credited with inventing the first ever cash machine back in 1967, now believes that the ubiquitous ATM will be made redundant within the next three to five years by the demise of paper cash. Inspiration for the idea of a cash dispensing hole in the wall first struck Shepherd-Baron while he was in...
25 June 2007 /payments /retail Trends in Financial Services
John Cant Managing Director at MPI Europe Ltd
The initial target of the UK Faster Payments scheme seemed a simple concept to deliver - eliminating float (the three days gap between funds leaving the payee's account and arriving in the recipents) - but as with most financial sector initiatives the implementation detail has been significantly more complex. Back in February this year when I fou...
24 June 2007 /payments UK Faster Payments
Olivier Berthier CEO at Moneythor
The developing world and its booming Trade activities still remain very keen on traditional instruments such as the Letter of Credit (LC) and will most likely be for years to come. Even in the US, arguably one of the most prominent countries in the world in terms of their use of open account business, a recent survey by Bank of America of US manufa...
22 June 2007 /payments /wholesale Financial Supply Chain
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