273 Results from 2015, /payments
Retired Member
When it comes to innovation in financial services, the payments sector is leading the way. The widespread adoption of new technologies has completely changed the way we are able to make payments – from NFC and contactless cards to Pingit and mobile wallets. Recent research from Pinsent Masons suggests Paypal poses a bigger threat to the high street...
01 April 2015 /payments /retail
Samee Zafar Director at Edgar Dunn Company
There are two types of retail payment systems that support the overwhelming majority of today’s retail payment transactions. These are: (1) card payment systems (2) automated clearing houses – ACH – or inter-bank funds transfer systems. These are like two train tracks running parallel to each other. These systems are different and separate but now ...
01 April 2015 /payments
When we consider mobile payments, we often misjudge customers' willingness to embrace adoption. This is because mobile devices are only the start of a new customer journey. Customers are not switching to mobile payments just because they prefer using smartphones. They are doing so because mobile payments offer integrated value-added services, such...
31 March 2015 /payments
Mobile payments are on the move. Presumably, it’s only a matter of time before Apple Pay leaps across the ‘pond’ from the US to begin the effort to create a global market. With contactless card use and technology deployment on the up in Europe, the foundation is in place for NFC/mobile wallet-based initiatives from all providers. A survey commissi...
Now there’s a downer of an opening question if ever there was one to an IT sales person. All fresh faced, enthused by all the great news he had to impart and more than a dozen reasons why his company was successful and should be the vendor of choice. He had managed to secure time with all the right people in the company who would be involved in th...
27 March 2015 /payments Payments strategies 2015-2020-2030
Tom Hay Principal Consultant at Payment Systems Europe
Access to payment systems is high on the priority list of regulators in the UK and the EU. Faster Payments were proactive on this issue, and in December last year they published a ‘Vision for a New Access Model’. How far does this go to addressing the obstacles that challenger banks and non-bank PSPs encounter in accessing Faster Payments? Obstacl...
26 March 2015 /payments
Yes, with motion comes friction, but payments should be about much more than only removing friction. They should be about adding new value. This blog describes the opportunity for innovators to help banks add significant value around digital payments for both consumers and merchants. Old view: Payments as utility products Payments have been
23 March 2015 /payments
Abhishek Chatterjee Managing Partner at Gartner Inc.
This year FINOVATE in London was full of innovative ideas and products. The topics varied from more traditional ideas like investment management tool, BPM, real time customer on-boarding (including AML, KYC etc), Cloud based identity and transaction authentications to more exciting ones like Virtual financial Advisory, Financial Gamification, Mobi...
19 March 2015 /payments Innovation in Financial Services
Facebook is to launch P2P Money Transfer from Facebook Messenger, online and via Android smartphones. By the end of the year people in the US will be able to send money with no fees, using a Visa or MasterCard debit card. If Facebook has not yet made it big in payments, this is not for want of trying. At Shift Thought we've monitored a number of fa...
Now that Spring has sprung, cardholders are looking to the forthcoming Easter break and planning their summer breaks. Inevitably, thoughts will be turning to their holidays and planning trips away. As part of this, some cardholders will be diligently contacting the issuers of their debit/credit cards to advise of the trip overseas, to ensure that t...
16 March 2015 /payments
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