4813 Results from /payments
Retired Member
The average interchange rate in the US has increased by 22% in ten years, yet total actual fees charged to merchants, including interchange, have only increased by 11%. Acquirers appear to have swallowed a large portion of the increased interchange by lowering their own transaction fees, presumably in response to merchant pressure. It’s tough bein...
03 March 2008 /payments SEPA and European Payments
Two recent articles highlight the critical problems that contactless faces, which I’ve written about many times over the past couple of years. Now that the problems seem to be widely understood, I find myself writing much less about contactless and NFC payments. What in the world am I going to complain about now? The Charlotte Observer writes abou...
Paul Penrose Head of Research at Finextra
A sign of the times: The Cheque and Credit Clearing Company (C&CCC) and Apacs, the UK payments association, has issued a new advice guide for consumers on how to write and receive cheques. Recent research conducted by C&CCC has shown that over half of all UK account holders are concerned about receiving cheques and around a quarter don't l...
26 February 2008 /payments /retail Trends in Financial Services
Sriram Natarajan Risk Dog at Credit Risk Fraud Cards Professional
The credit card industry is on the edge. Being a card issuer is not the most comfortable feeling now. After the mortgage meltdown, an impending consumer recession, falling interest rates, regulatory pressure, Merchants crying over interchange, consumer activism, fraud...... The card issuer dilemma is indeed unique; they appear to be justified on ...
22 February 2008 /payments /regulation
Gary Wright Analyst at BISS Research
As the SEPA fanfares of the 28th January disappear into the distance, it's worth analyzing how all this could have been handled so much better, to achieve the mutual objectives of the banks and most importantly their corporate customers. After EBA day (organised by Finextra and EBA), last year I undertook some research based from the Corporate Tre...
18 February 2008 /payments /retail SEPA and European Payments
I guess it is time now for us to wash our hands and prepare to use our fingers for ID, put our eyeballs into readers, submit our faces for reading..... At long last, the ISO has released a standard for financial services for biometric application - ISO 19092: 2008. Hopefully, the bio-Id applications will now have a common platform to offer standar...
14 February 2008 /payments /regulation
John Cant Managing Director at MPI Europe Ltd
If you are going to delay a major financial sector initiative then six months is probably the minimum delay that makes sense. Anything shorter does not give institutions time to react, and anything much longer would undermine confidence that it will be delivered. The revised target live date of May 2008 for the Faster Payments Scheme follows this ...
12 February 2008 /payments UK Faster Payments
With internet spreading its net across the markets, financial products are being invented and developed by companies – read as independent innovators. The selling points for all such innovators mostly revolve around three common spokes – Speed, Secure & Service. With multiplicity of products and innovators in the financial intermediary space, ...
12 February 2008 /payments /retail Innovation in Financial Services
It comes as no big surprise to me that Monitise are making further losses. With a business model that charges customers for transactions that they can get for free from many other channels, 20p for a balance enquiry, it’s no wonder that the consumers are staying away in their droves. Today the technology is ready, but it’s not moving towards appli...
12 February 2008 /payments
SWIFT is nearly always part of a discussion when industry wide STP is the topic, but does it deserve this high status? It maybe almost sacrilegious to question SWIFT, but with the 21st Century well underway and umpteen changes hitting financial services, it is worth examining what future SWIFT has going forward. There is no doubt, about the value ...
08 February 2008 /payments
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