293 Results from 2013, /payments
Retired Member
Around my office in Southwark there are now several locations where you can buy your lunch using contactless card technology. And the numbers of users seem to be growing borne out by this news from Pret A Manger that 20 percent of its overall transactions are contactless. And this is one situation where all the promised benefits have turned out ...
20 March 2013 /payments
Four months ago, one of my "educated guesses" for 2013 was the rise of BLE (something which I was writing about since mid-2012). I can tick that one off now - thank you, Microsoft. I also predicted the rise of embedded secure element. Tick - thank you, Samsung. Two next predictions of mine to hatch soon: NFC on iPhone (including SIM-bas...
20 March 2013 /payments Innovation in Financial Services
Increased consumer spending? Check. Increased disposable income? Check. Increased household net worth? Check. Decreased current consumer confidence? Wait, this can’t be right. If all the standard economic measures of well-being, like gross domestic product, personal consumption expenditures and income indicate a recovering economy, why is present s...
19 March 2013 /payments Payments strategies 2015-2020-2030
The proposed tax on bank deposits in Cyprus in return for a 10 billion euro bailout from the IMF and European Union strikes at the heart of the most precious asset in retail banking: depositor confidence. In previous bailouts the beneficiary country has had to contribute in some form, and this one is no exception. The problem is a lack of suitable...
19 March 2013 /payments Innovation in Financial Services
The introduction of Universal Credit in 2013 is going to be disruptive, to say the least. The government's single payment initiative for state benefit recipients will require claimants to manage all financial commitments from one monthly imbursement paid in arrears directly into their bank account. Today, most benefits recipients budget on a weekl...
19 March 2013 /payments
Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions
Five Ways to Stimulate Electronic Payments (Hint: Discouraging Cheques Is Not One Of Them) The number of times the words "should" and "charge" appear in this article titled "RBI WANTS TO DISCOURAGE USE OF CHEQUES" got me wondering if "negative reinforcement" is seen as the only way to wean people away from ...
Daniel Szmukler Director at EBA
EBAday 2013 is approaching fast and the community is gearing up to discuss again the challenges that banks and their payments and infrastructure providers are likely to face in the future. As 2013 begins, the next five to seven years promise to deliver a rapidly changing landscape as increasing globalisation, electronification and mobility is expec...
18 March 2013 /payments EBAday
Currently real time is a hot topic in the banking industry. Last month I joined the Future of Finance Council in London to discuss why. Set up by FIS and the FS Club, some of the most influential financial experts in the UK gathered to discuss if real time is a reality and it appears it is. According to experts in the room faster payments are dri...
18 March 2013 /payments
Africa is on the rise. For the past decade the picture has been steadily improving both economically and politically. No longer is it the ‘hopeless’ continent whose media narrative was one of war, famine and poverty. It is now the continent of hope and rising prosperity where technological advancements developed there are being exported back to it...
15 March 2013 /payments
Recently, Dave Birch confirmed what I learnt the hard way at the beginning of the TEDIPAY journey: consumers are wrong. That was why three years ago we decided to follow Steve Job's advice who famously said that "it isn’t the consumers’ job to know what they want." It seems that more and more companies have started to realize that &quo...
13 March 2013 /payments Innovation in Financial Services
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