254 Results from 2014, /payments
Retired Member
Recent research carried out by Bacs found that the national late payment debt currently stands at a staggering £46.1 billion. The Bacs survey of 350 UK companies found the rate of late payment to firms in Scotland was 67 per cent, just ahead of Northern Ireland at 66 per cent and ahead of England and Wales at 62 per cent and 59 per cent respectivel...
03 December 2014 /payments
Darren Capehorn Director of Services at Icon Solutions
You may, like me, have been surprised to hear Sky News reporting recently that George Osborne’s Autumn statement will ‘turn the screw on Britain’s biggest banks by demanding an urgent overhaul of the seven-day current accounts switching regime’. It was only fourteen months ago that the Banking industry launched the Current Account Switching Service...
02 December 2014 /payments
With close to 80% of African families still without access to a conventional banking system, there is much work to be done to get basic financial services into the hands of the 1.1bn people that inhabit the world’s second most populous continent. Of that number, around 90 million people have household incomes exceeding $5,000, meaning that they ca...
Daniel Szmukler Director at EBA
Major progress was made in 2014 on the common understanding of the strategic importance of alternative payments for the European banking sector, against the background of transforming private and public sectors. The EBA produced three key deliverables in this field. One on the user requirements for e-APs, in which the change drivers and the various...
25 November 2014 /payments EBAday
Akshay Berry Manager at Infosys Limited
Not many policy pundits expected India's Central Bank, known for its cautious stance in issuing Banking licenses, to propagate differentiated banking licenses itself. Payments and Small Banks reflect a new line of thinking from the Reserve Bank with an objective of reformatting India's financial inclusion space. What a Payments Bank seeks to do is...
25 November 2014 /payments
The need for establishing a real-time payment infrastructure is firmly on the agenda in North America right now. The US Federal Reserve announced back in September that it was preparing to publish a road map detailing how the payments landscape should be developed and we expect that this will include looking at the possibility for a national faste...
Lu Zurawski founder, iKnowMe at Lu Zurawski
Twenty-five years ago, the fall of the Berlin Wall saw the creation of the European Bank for Reconstruction and Development. Its mission was to find capital to help re-build national infrastructures mainly in the former Eastern Bloc countries. It invested in long-term projects that are tricky to finance, recognising that “well-planned infrastructu...
21 November 2014 /payments /regulation
Banks and merchants are under threat to lose millions of dollars in investment in their apps by allowing them to become obsolete because they don’t provide the most desired functionality of all: Payment. The reason is simple. A mobile app that offers a new and better way to perform a task that literally occurs multiple times in a day for each of us...
21 November 2014 /payments
Ganesh Srinivasan Director at Volante Technologies
The benefits associated with the implementation of a payments factory have been achievable for some time now, with new, additional benefits and indeed challenges, being realized as payments processing becomes yet more complex. SEPA, the simplification of bank transfers and increased adoption of a common data standard are challenges that can on the ...
The emergence of a host of new players in the UK retail banking market is giving the traditional powerhouses food for thought. According to the Office of Fair Trading, the big four banks - HSBC, Royal Bank of Scotland, Barclays and Lloyds – hold about three quarters of the UK’s 50m current accounts. But the landscape is shifting, and challenger ba...
19 November 2014 /payments /retail
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