5270 Results from /payments
Konstantin Rabin Head of Marketing at Kontomatik
There were the times when banks had almost everything. They offered deposits, loans, cards, money transfers, currency exchange, insurances and so on. And the most compelling thing was that they had almost no or little competition. Unfortunately for banks, these times are over. New players on the market found their niches to challenge the big ones. ...
02 May 2016 /payments /retail Innovation in Financial Services
Daniel Szmukler Director at EBA
Open APIs are finding their way into the payments industry. They often facilitate the customer driven ‘opening up’of banks to the outside world in a secure, scalable, reusable and self-service fashion, thereby crossing the internal borders of technology silos and business silos of banks. At EBAday 2016 the Electronic Alternative Payments Working G...
02 May 2016 /payments EBAday
Retired Member
We all know the age-old saying: “Knowledge is power.” It’s still true, perhaps more now than ever. I’ve noticed that the more data regulatory bodies require us to create and archive, the more access we have to new information about business, clients and assets. It’s time to make use of this vast repository of data to create a seismic shift in the ...
28 April 2016 /payments /regulation
Having seen the recent press headlines on delays in cheque imaging, I began to think about the role that cheques play in the UK payments market. Cheques have caused their fair share of controversy over the years. The failure in 2011 to manage the decline of cheques is often cited as one of the reasons for the removal of the UK Payments Council, a...
26 April 2016 /payments /retail
Jeremy Light Co-founder at Fourdotzero
I am fascinated by Bitcoin. It gives a glimpse into the future architecture of money and finance, one that is very different to today. Understandably, the Banking industry dismisses it. Bitcoin has caught it off-guard, and it neither likes nor wants it. Instead, it is focussing on its underlying technology, the “blockchain”, “distributed ledger te...
25 April 2016 /payments
The mobile phone has established itself as a crucial part of our daily lives, with over 34% of adults checking their phone within the first five minutes of waking up. A predicted 46 million smartphone users will exist in the UK alone by 2018, and the ever increasing capabilities of the smart phone continue to make it an essential tool for all consu...
19 April 2016 /payments
Global card transaction volumes outnumber global interbank payment volumes by a wide margin: approximately 206 bn txns v 108 bn txns per year (Accenture Research). Card transactions use almost universally the ISO8583 standard. This uniformity and ubiquity are a remarkable achievement, especially in comparison to the much lower volume interbank paym...
18 April 2016 /payments
At Sibos 2014, in Boston, I found myself at the Innotribe forum watching a presentation from Vitalik Buterin, one of the founders of the Ethereum blockchain who had the original idea and vision. He was then only 20 years old, and the audience was spellbound. His is the only business presentation I have ever seen displaying computer code - and only...
10 April 2016 /payments
The road from cash and cash registers to #NextGenPOS with integrated payments Payments providers and NextGenPOS software providers together offer merchants a great way to control their income and manage their business. Yet their biggest competition, the status quo of cash and cash registers, still has the upper hand in the small merchant market se...
08 April 2016 /payments
**Many of the sessions at this years Money20/20 were about Fintech and Banking collaboration. Here's our take on how this is likely to look in the run up to PSD2 coming into effect** The PSD2 requirements have been absorbed, timelines understood and API transformation programs been kicked-off. So, what next? With a deluge of regulations that thr...
07 April 2016 /payments /retail
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