224 Results from 2016, /payments
Milos Dunjic AVP, Payments Innovation Technology Solutions at TD Bank Group
For consumers who are trying to send a small amount of money from US to a relative in Pakistan, India or Mexico, it probably means queuing at a money-transfer agent, providing documents and other proof of identity and paying a hefty fee, based on the value of the remittance. Similar hurdles and potential fees are observed on the receiving end. How...
13 May 2016 /payments
Retired Member
With technology, regulation and compliance advancing at such a rapid pace, it's important that businesses keep abreast of any change that is likely to impact their business and, notably, their ability to process payments – both inbound and outbound. One such imminent initiative impacting the internet globally, with a rapidly approaching deadline
13 May 2016 /payments /regulation
According to CCS Insight’s global forecast, by 2018, over 250 million smart wearable devices will be in use – 14 times more than in 2013. The shipments of smart wearable devices are expected to grow rapidly – from 9.7 million in 2013 to 135 million in 2018. Traditionally, the provisioning of the wearable devices with the underlying payment account ...
Traditional payments industry wisdom states that EMV is extremely effective solution for curbing down ‘card present’ (CP) fraud, but that EMV is at the same time completely ineffective in curbing ‘card not present’ (CNP / e-commerce) fraud. That’s because EMV cards continue to communicate the sensitive payment card data (like Primary Account Numbe...
12 May 2016 /payments
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 more useful, it becomes more valuable. Consolidating control into a single view of actionable data can help businesses handle both risk and business ma...
12 May 2016 /payments /regulation
Ed McLaughlin Chief Information Officer at MasterCard
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 pay - be it online or mobile – that the experience is simple and convenient, and that their card information is safe and secure. This isn’t about mere...
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 accepted among the members of a specific virtual community.” Today, hundreds of virtual crypto-currencies are emerging over the world as a medium of exch...
11 May 2016 /payments
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 technologies are well-known: Distributed, open ledgers: A shared, public record Public-key encryption: A secure method of transferring digital data Merkle ...
Ganesh Srinivasan Director at Volante Technologies
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. benefits from learning from exsiting faster payment implementations, there are a number of integration and tools considerations for U.S. banks, combi...
10 May 2016 /payments
Jeremy Light Co-founder at Fourdotzero
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 wagons of cash moving around the country on rails between banks and other institutions when payments are made? Obviously, in the literal sense this is...
09 May 2016 /payments /retail
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