189 Results from 2018, /payments
Jared Ronski Co-founder at MerchACT
Chargebacks are an unfortunate fact of life for most merchants. They’re damaging and tedious, represent lost revenue, dent your reputation and can get you classified as a high risk merchant if you have too many. Many merchants don’t fully understand what a chargeback is, what they can do if they have one, and (most importantly) how to prevent the
15 August 2018 /payments Payments strategies 2015-2020-2030
Bob Lyddon Consultant at Lyddon Consulting Services
NPSO Report & Accounts for the period from its foundation on 18th July 2017 until 31st December 2017 show Directors' Remuneration at £229,469, with the highest-paid director receiving £93,333. This seems like a very large bill for a board on which 6 out of 7 directors were non-executive. It is not even a bill for 1/2 of a year, but more like 1/...
15 August 2018 /payments Transaction Banking
Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions
We come across the “Go Wide or Go Deep?” question regularly in our outsourced product management engagements. (Should the term “outsourced product management” intrigue you, see Who The Heck Outsources Product Management?). Let’s take a typical scenario: An IT company has developed a horizontal technology platform without reference to any specific s...
13 August 2018 /payments
The sponsor of Project Carlton has signed off on the intial research and endorsed that it be shared for validation with five or six interested parties. The research plots the ministrations towards the UK payments landscape over the past 5 years of HMTreasury, the Bank of England, the Financial Conduct Authority, the Payment Systems Regulator, the P...
13 August 2018 /payments Transaction Banking
Retired Member
One of the things I've noticed since working in the payments space are the tribes and the tension/conflict/cooperation/outright hostility …… The first of these, and longest running is the tension between card schemes and issuer & acquirer banks. Every one wants a piece of the transaction and to take some margin to run their part of the value ch...
02 August 2018 /payments /retail Innovation in Financial Services
One thing that is clear from modern life is that it isn't slowing down any time soon, Everywhere you look the world is getting faster and the Financial Service Industry has been doing this for years; it pioneered IT to smooth transactions inside companies and between companies, it created networks that span the globe, from interbank to consumer pa...
02 August 2018 /payments Online Banking
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
A population of 5,5m (and some tourists) produced the following ATM volumes: Million times/billion €s: 2014: 145,1 million times/14,4billion € 2015: 137,1m/13,9bn 2016: 124,3m/13,0bn 2017: NA yet m/12,1bn So the rate of decline of €s has doubled to 7% in 2017 compared to 2015. Serious cost savings for all. Shops are not refusing cash yet - unlike S...
29 July 2018 /payments Payments strategies 2015-2020-2030
Two weeks ago, in a blog here on Finextra, we stated that our company had obtained initial funding and support for a project to design a new suite of UK payment services, to set against those being implemented by the UK’s New Payment System Operator (“NPSO”). This project now has a name – Project Carlton – and it is at the stage where we have deliv...
20 July 2018 /payments Transaction Banking
Digital payments are on the rise, and if you’re an ecommerce merchant, you’ll want to capitalize on this growth. But as this sector continues to become more popular, payment processing systems have the potential to become ever more complex. Between credit card companies, banks, retailers, and consumers, the payments processing landscape represent...
16 July 2018 /payments Payments strategies 2015-2020-2030
I recently saw the following post on LinkedIn: “95% of banks in the study have created innovation labs.” This figure seemed extremely high to me. I did a quick-and-dirty survey of three banks in my circle. Not one of them has an innovation lab. Nevertheless, I couldn't conclude that the author of the post was lying because I couldn’t find evidence ...
16 July 2018 /payments /retail
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.