Community
Payments systems visions, strategies, trends, pilots, forecasting, and planning for the short-, medium-, and far-term.
As the owner, you will also give up ownership if you leave this group.
Retired Member
The adoption of the ISO20022 standard as the format of choice for corporate payments has really gathered momentum. Kick-started perhaps by SEPA, it is now rapidly being used by the bigger banks for every payment in every country. Payment factories to a large extent were born out of the formats nightmare faced by large corporates. Payment soluti...
14 October 2014 /payments
Don’t be fooled by Bitcoin. It’s an early incarnation, an experiment, of something much bigger. Maybe even a new era. As of very recently – less than a generation - 100% of world wealth has a smart device. And those devices are always on, and always interconnected. That is a radically different environment from the one that begat our current archit...
25 September 2014 /payments
Ritesh Agarwal Senior Management at On My Own
Question to all bank CEO: Why Ýour' Bank is not encashing on their strengths and why wallets are taking birth like dime-a-dozen. Wallets would survive only in that country where cost of banking transaction is very high and the user needs cheaper alternative. Example: Any african country. All concepts like unbanked, financial inclusiveness are gimmi...
22 August 2014 /payments
Miloslav Hoschek Freelancer at e-Silk Road, NGO
Each millionth of a second is commercially counted through HFT (high frequency trades) deals. Accompanying phenomenon of global HFT infrastructure is a commercial supremacy race. The debate on spectrum handling HFT argued that U.S. stock and commodity market is like a casino, where large investors are manipulating the market. It is estimated tha...
15 July 2014 /payments
In last decade, I have been swiping cards on the portable EDC machines, carried by Pizza Guy or even my Milk Supply person. They have had this machine for almost a decade and I "trust" this machine for it's form factor, apparant secured looks and ease of use. Dongle connected to a mobile set, while offers 'Mobile' PoS; it rather creates ...
09 May 2014 /payments
Now that SEPA is in place, corporates will be able to leverage that investment to start making payments across the entire eurozone using a single instrument from as little as one bank / account. The idea of collapsing down to one Euro account for all of those payments across the entire eurozone is made possible under SEPA. And introducing a POBO ...
02 April 2014 /payments
We have all heard about KYC, Know Your Customer and KYB, Know your Bank but it’s emerging that, particularly in the Corporates world, KYV, Know Your Vendor is just as important. For Corporates, the process of selecting a reliable, honourable, and committed vendor partner who not only has an in-depth understanding of their requirements and their in...
31 March 2014 /payments
I’m hearing more and more conversations mentioning Payments On Behalf Of (POBO) and there seems to be no coincidence that post-SEPA, this concept is coming to the fore. In my last blog, I discussed how a global pharmaceuticals company implemented a POBO structure to do just that. In this blog, I’ll go through the basics and discuss what POBO is, ...
19 March 2014 /payments
Scenario: What comes to your mind when you think of the future of electronic payments? Would you use your phone /nfc card/mobile wallet/ or something else? What are the key parameters when you dream about the future? a) Behavior – How does the typical user behave? b) Convenience –One less device to charge and one less password to remember? c) Unive...
27 February 2014 /retail
Y2020 SWIFT A GLOBAL CLOUD PAYMENT HUB a global reporting hub a central provider of services global reporting and consultation hub Y2014 - SWIFT over 10 thous. banks are users access to 60 HVS - high volume systems access to 20 different ACH payment systems real times sanctions screening to 30 public sanctions registers SWIFT - an ISO Registry...
20 February 2014 /payments /sibos
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.