189 Results from 2018, /payments
Milos Dunjic AVP, Payments Innovation Technology Solutions at TD Bank Group
I need to warn you right from the start. If you think that the ‘immutability’ of a blockchain is its most useful and precious feature, think again. What you may own today, in either Bitcoin, Ether or XRP cryptocurrency (or any ‘ERC20 token’, for that matter) may become useless, once quantum computing emerges as a threat to today’s public key crypt...
03 June 2018 /payments Blockchain Observations
Retired Member
With the heightened usage of digital devices, the security and access mechanisms of these devices are under constant threat from hackers looking to gain access to sensitive information or initiate fraudulent transactions. With account details, card information, passwords, etc. being saved into these devices in order to have quick access to payment...
30 May 2018 /security /payments
Anthony Hynes Managing Director & CEO at eNett International
Thanks to the fintech revolution, today’s consumers have more choice than ever in how they pay. This is especially true in Asia. In India, for example, there are already around 60 non-banking providers offering digital payment services, including Paytm, MobiKwik and Amazon Pay, which have grown in popularity since the country’s announcement of dem...
23 May 2018 /payments
A London Business School professor recently made the rather dramatic claim that parting with cash is “psychologically painful”, but that paying for items with a contactless card “anaesthetises the psychological pain that accompanies payment, seducing us into splashing out”. In fact, according to the UK Card Association, £3.9bn was spent in the UK ...
21 May 2018 /payments
Bob Lyddon Consultant at Lyddon Consulting Services
Qualifying applicants under the UK Financial Conduct Authority's Senior Managers Regime must complete a lengthy form and, in certain circumstances, provide full explanatory information. A candidate must give full answers to all the questions and in such a way that the result is not "materially false, misleading or deceptive". Otherwise t...
20 May 2018 /payments Banking Regulations
Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions
When you pay someone, you expect to get a receipt for the payment. Especially when that "someone" is a business. Receipt - or "proof of receipt" - must be issued by the Payee / Merchant so that you can use it to independently prove that the Payee / Merchant has received your money. A confirmation from an intermediary like a Paym...
18 May 2018 /payments /retail
I blogged two weeks ago that NPSO had become the operator of BACS and Faster Payments while in the control of just one person, and a natural legal person at that. NPSO has quickly appointed two new Member-Guarantors from amongst its non-executive Board Members - a Ms Ashton who is a "CTO-in-residence" at SAP and a Mr Anderson who is a for...
18 May 2018 /payments Transaction Banking
Jared Ronski Co-founder at MerchACT
The Internet of Things (IoT) – once a buzzword – is now becoming a reality. As we approach a staggering 31 billion connected devices worldwide within the next two years, retailers are wondering how to edge in on this new technology to increase revenues. Retailers that have already bought into this technology as a way to sell are enjoying a myriad...
14 May 2018 /ai /payments Payments strategies 2015-2020-2030
Gerard Hergenroeder Retired IBMer and Banking Executive at Payments Shark
Warren Buffet and his thoughts on Bitcoin -- "Speaking to CNBC anchor Becky Quick ahead of Berkshire Hathaway's annual meeting in Omaha, Nebraska on Saturday, the billionaire investor said bitcoin — the largest and most well-known cryptocurrency — is "probably rat poison squared." I agree with Warren. Bitcoin has no real mass market...
09 May 2018 /payments Blockchain Observations
Contactless payments’ popularity is undeniable. Of the 3.5 billion payment cards produced annually, about half are now contactless. With new figures highlighting rapid adoption across Europe, contactless cards and payments have even been dubbed the continent’s ‘new normal’ way to pay and continued growth seems inevitable. This is also true in othe...
09 May 2018 /payments
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