5270 Results from /payments
Steve Cook Digital Identity & Biometrics Consultant
Everyone likes a good selfie, from Hollywood celebrities to the general public! Selfies have become an everyday part of our lives. The selfie is still a relatively new word yet everyone knows what it means and furthermore it has transcended into almost every language in the world without translation. Australia has proudly laid claim to inventin...
08 March 2016 /payments
Retired Member
"Are you sure you want to do this" Richa asked. I must confess I was not, but decided to go for it and thus started this journey from Mumbai to Singapore and back without single penny cash. Yes, that’s right Just a credit, debit and travel prepaid card. Transit (Home to Airport): Ordered OLA and paid using the OLA money wallet, funding sa...
06 March 2016 /payments Payments strategies 2015-2020-2030
Tom Hay Principal Consultant at Payment Systems Europe
Mastercard’s planned acquisition of Vocalink has the potential to create a new payments powerhouse in Europe and beyond. The news of the planned acquisition broke a few days after the Payment Systems Regulator’s recommendation that banks divest their ownership of the company. I’m sure the timing is not accidental, but it is, at best, a peripheral r...
04 March 2016 /payments
In January I wrote that the PSR was one of the things to watch in this year, and I’ve been surprised by the amount of pace they have made in such a short time through their excellent forum. There has been a round of workshops throughout January and I was privileged to chair a sub-group that looked at the access processes used by industry participan...
03 March 2016 /payments Trends in Financial Services
RBI (Reserve Bank of India) formally introduced the Financial Inclusion policy during 2005-06 with the main objective of connecting underbanked/unbanked people with the banking system. Approximately, 50-60 INR is per transaction cost at branch level and at ATM its 15-20 INR. Penetration of both branch and ATM is not good enough considering varied d...
03 March 2016 /payments /inclusion
Hugo Cuevas-Mohr CEO at Mohr World Consulting - IMTC Conferences
The timing could not have been better. FATF just published – February 2016, a report that all Compliance Officers of this industry must read, entitled Guidance for a Risk-Based Approach for Money or Value Transfer Services (Summary – Full Report (69 pages). I want to highlight three statements in the presentation of the report: The risk-based app...
03 March 2016 /payments /regulation Financial Services Regulation
I think it is very important that every person in the International Money Transfer & Payments (IMT&Ps) industry reads the GAO Report published on February 16th, 2016, entitled INTERNATIONAL REMITTANCES: Actions Needed to Address Unreliable Official U.S. Estimate – Highlights Page (1 page), Full Report (62 pages). A second report published t...
02 March 2016 /payments /regulation Financial Services Regulation
The secret to successfully managing remote teams is in recognizing that it’s more a leadership role than a manager one. Too often I find that managers try to manage remote teams as if they were locally based and it doesn’t work. Remote teams need to have more attention and more support than locally based teams. You have to compensate for the lack...
02 March 2016 /payments Trends in Financial Services
When I was a student my mother presented me with a note that her father had given her as a child, She said ‘It’s German and it’s worth a thousand marks’. As you’ve probably gathered it was a 1000 Reichsmark note dated April 1910 and therefore literally ‘not worth the paper it’s written on’. I still have the note. I use it as a bookmark and hav...
28 February 2016 /payments
As a British person attending the ATMIA Conference in New Orleans this week, I find myself feeling that the US is a society divided by extreme views. With the impending US elections I have heard people “discussing” in often heated tones the rights and wrongs of democrats vs republicans or vice versa. There’s the ever present highly emotional debat...
25 February 2016 /payments
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