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When I’m asked how risk and financial data can become an asset, I find it easiest to put this into financial terms: Once you have data assets. You can value them. It makes sense that as data becomes m...
The digital payments race is creating new opportunities for our industry to provide consumers with a plethora of ways to pay. We as an industry must do more to ensure that however a consumer wants to ...
Virtual currency or virtual money was defined in 2012 by the European Central Bank as “a type of unregulated, digital money, which is issued and usually controlled by its developers, and used and acce...
Ditch the hype. It’s time to face up to the reality of blockchain Let’s cut to the chase. Blockchain is a combination of four existing technologies put together to create something new. These technol...
Some pretty powerful words were shared at this year’s NACHA Payments 2016 conference. In a world where faster payments are coming, forget about thinking big. It’s all about creativity. While the U.S. ...
I have noticed an increasing casual use of the term “rails” to describe payment systems, in particular “card rails”, “ACH rails”, and even “blockchain rails”. But do payments move on rails, are there ...
As of 1st July 2016, the first phase of the EU's new regulation on electronic identification (eIDAS) will become enforceable. But amid all the confusion about its implications among both EU banking ex...
We’re all watching our pennies these days, especially in banking. The cost of capital is increasing while regulatory requirements become more demanding. Every decision about the viability of lines of ...
EMVCo’s new development will utilize richer cardholder [and device] data during the transaction which will result in far fewer password interruptions as stated in this MasterCard press release. One of...
There were the times when banks had almost everything. They offered deposits, loans, cards, money transfers, currency exchange, insurances and so on. And the most compelling thing was that they had al...
Open APIs are finding their way into the payments industry. They often facilitate the customer driven ‘opening up’of banks to the outside world in a secure, scalable, reusable and self-service fashio...
We all know the age-old saying: “Knowledge is power.” It’s still true, perhaps more now than ever. I’ve noticed that the more data regulatory bodies require us to create and archive, the more access w...