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In-Band vs. Out-of-Band Remittance Delivery… In Part I of my Understanding Healthcare EFT standards blog, I identified several major obstacles for health care providers to adopt EFT (electronic funds...
Despite a few technical changes that have occurred in recent years, until now the traditional payments landscape hasn’t changed much since the first payment card was introduced a few decades ago. The ...
The Ancient Mayans predicted that the world will end on 21st December 2012. While some of us may laugh at those stocking up on the non-perishables or forgoing Christmas shopping, the Mayans – who cons...
On March 23, 2010, the Patient Protection and Affordable Care Act (PPACA) was signed into law. Section 1104 of the PPACA requires the adoption of operating rules for health care electronic funds tran...
The Parliamentary Commission on Banking Standards has been a hive of activity recently, gathering evidence from the chief executives of UK banks as well as key thinkers such as Sir John Vickers, who c...
I am recently back to Madrid from a week-long business trip to San Francisco. Despite working in the mobile financial services industry for the past 5 years, until this week I had never encountered a ...
Some fascinating insights were revealed at the Sibos session “Placing your bets on mobile payments”. The panel included Dan Schatt from PayPal, Kelly Bayer Rosmarin from Commonwealth Bank Australia a...
One of the most interesting sessions at Sibos on Wednesday looked at the impact of regulation on transaction banking, which would at first glance fall into the “boring, complicated and dull” category;...
Things I have learned in the first two days here at Sibos in Osaka. I encountered my first musical heated toilet seat; I learned that the ATMs here dispense coins, and I discovered that everything is ...
The financial services industry has not faced so many difficulties since The Great Depression in the 1930s. The combined pressures of government legislation, regulation and low levels of customer trus...
Cash don't disappear- that is a fact. Don't deny it. Or is it possible to replace cash with alternative low cost solution. For laymans terms, cash is low cost payment method. But as everyone who know...
Check printing is expensive. It is time consuming, labor intensive, and comes with the added costs associated with paper stock, ink, and postage. There is no doubt that migrating to electronic payment...