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As the volume and market share of online payments explodes, are AML efforts keeping pace? The volume of online payments is skyrocketing. Worldwide, retail ecommerce sales reached $1.915 trillion in 20...
I live in a town called Villa Arriba (uphill town in Spanish), which is very close to Villa Abajo (downhill town). Although they are close, they communicate through intricate mountain roads and there ...
There has been interesting news with a major banking platform offering Cardless Cash at ATM’s[1]. Having worked alongside the RBS project in 2006 to launch access to emergency cash in 2007 whist wor...
While digitalisation of banking processes has been gathering pace in many areas – from Retail Banking to Payments processing – Trade Finance has been lagging in its digital journey. Recent research fr...
After a frantic few days in Copenhagen for Money 20/20 Europe, I’m finally back at my desk. The flight home gave me a bit of time to digest the discussions and presentations and, amid the melee and co...
Across multiple industries, the issue of late payment is often a cause for concern. In the retail trade in particular, headlines featuring struggling small businesses and lengthy delays are a regula
There has been much talk recently about how card payments will replace cash altogether in the future. I have talked previously about my opinion that the card schemes (Visa, MasterCard, Amex etc)
The retail landscape is evolving rapidly as emerging technologies and trends are changing expectations of the in-store experience. As retailers look to find their place in this brave new world, many a...
As mentioned in my previous blog there is much that's wrong with the existing payment networks, but it is always easy to criticise what others have done and rather more difficult to provide a solutio...
When about thirty of the great and the good from the banking sector in Dublin and Belfast come together to talk cheques, cheque clearing and how to stay one step ahead of the fraudsters, there must be...
In nature, change is constant and inevitable. It is also fairly slow and mainly evolutionary. At the macro level, everything looks very logical, guided by the basic scientific laws of physics, chemist...
Nascent adoption by financial institutions in Europe of virtual account management (VAM) technology reflects a fundamental transformation in the current model of global cash management. Whereas the tr...