189 Results from 2018, /payments
Bob Lyddon Consultant at Lyddon Consulting Services
We just sent the third and final call in our series to the Wolfsberg Group, this time regarding the “Country Risk – Frequently Asked Questions” that Wolfsberg issued in March 2018. We are asking that Wolfsberg put into the public domain the Competition Law advice it has taken about its governance and activities on a general level, to be followed by...
11 July 2018 /payments Transaction Banking
Uri Rivner CEO and Co-Founder at Refine Intelligence
The World Cup! The largest, most anticipated sports event in the known universe. Millions of football fans are passionately supporting their national teams. But what are Cybercriminals doing in the mean time? Jumping their digital prey while the victims are following the football? Or rather rallying around the flag, supporting their national team a...
11 July 2018 /payments /regulation Information Security
Retired Member
The theory of the ‘Bank of One’ is well-rehearsed. Today’s tech-savvy consumers are demanding banking services tailored to their particular requirements. They see financial services as an enabler for other aspects of their lives, and they want their banks to deliver the products and advice they need in an efficient, timely way – matching their exp...
11 July 2018 /payments /retail Banking Strategy, Digital and Transformation
Marten Nelson Co-founder and CEO at M10
Steve Kirsch, CEO and Founder, Token There are four things that should now be crystal clear to everyone involved in open banking: 1. Open banking has arrived. It was the #1 topic at Money 20/20 Europe. Open banking regulations are now appearing in other parts of the world beyond the EU. 2. Open banking is so irresistible that even banks that ...
10 July 2018 /payments Open Banking
Transaction processing for corporate banking operations are on a completely different scale to the retail-banking world in terms of both value and volume. The resultant revenues form one of the main profit drivers for banks and according to the 2017 Cap Gemini World Payments Report, it is estimated that there will be a staggering 108bn corporate ...
09 July 2018 /payments Biometrics
The UK’s New Payment System Operator is well adrift of the problems facing UK payment service users (e.g. lack of access to free ATMs, high fees on card payments for merchants, dwindling cash collection services) but it continues to build up its elephantine governance structure, with committees popping up right, left and centre, and sporting impre...
03 July 2018 /payments Transaction Banking
Hakan Eroglu Advisor at BIS Innovation Hub (all opinions are my own)
In combination, the EU’s Second Payment Services Directive (PSD2) – and the European Banking Authority’s (EBA’s) related Regulatory Technical Standards (RTS) on Strong Customer Authentication (SCA) and Secure Open Standards of Communication (CSC) –profoundly impact banks' IT systems and business models. They open up banks’ systems to third-party p...
28 June 2018 /payments Open Banking
Competition has long been heralded as key to driving economies and industries forward. When firms compete, it’s believed that consumers get the best possible prices, quantity, and quality of goods and services. Despite this method being seen as the optimum for both sides, it’s actually proven detrimental to businesses looking to increase customer ...
27 June 2018 /payments /inclusion Fintech
Jared Ronski Co-founder at MerchACT
In 2017, U.S. online retail experienced the largest year to year growth since 2011, and ecommerce represented 13 percent of total retail sales. Clearly, consumers like shopping online, and that trend is only expected to grow. And if you’re a startup, it’s absolutely vital your payment experience is user-friendly: 75 percent of startups fail, and t...
19 June 2018 /payments /startups Payments strategies 2015-2020-2030
Anthony Hynes Managing Director & CEO at eNett International
Travel and tourism now accounts for a staggering 10.2 percent of global GDP . And, where there is money, criminals will follow. Add to that the specific nature of travel transactions – high value one-off payments, rapid consumption and the sheer number of suppliers across the globe – and the travel sector is a huge target for fraud. Our new resea...
19 June 2018 /payments /regulation
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.