5081 Results from /payments
Retired Member
While many of us are accustomed to seeing a lower cash price at gas stations vs. paying with debit or credit cards, differential pricing remains the exception rather than the rule with most other U.S. merchants. This blog explores cash as the lowest cost payment type and looks at how digital technologies may further impact this phenomenon in th
15 January 2015 /payments
Hugo Cuevas-Mohr CEO at Mohr World Consulting - IMTC Conferences
In the Cash Room of the Treasury Building last Tuesday, January 13th, 100+ attendees gathered to participate in the Roundtable organized by the US Treasury in order to discuss the wave of account closures - Bank Discontinuance - that the Non-Bank Financial Services Institutions or MSBs [Money Service Businesses] in the US are facing. It was a...
15 January 2015 /payments /regulation
Few would disagree that innovation is necessary in order for companies to thrive. If you have been following the mobile payments space, it seems a week doesn’t go by without a new solution being announced. This implies an enormous amount of industry innovation; however, almost all of these new solutions are focused on creating new ways to pay
14 January 2015 /payments
I’ve written before about Bitcoin and so this time I want to move away from crypto currencies towards some of the underlying technology; specifically technology being built by Ripple Labs. Ripple is entirely focused on building a protocol (the Ripple protocol) which aims to make transacting as easy as emailing. It is underpinned by a currency (X...
14 January 2015 /payments Payments strategies 2015-2020-2030
Most people in developed countries are comfortable paying with plastic cards (i.e., debit or credit cards issued by banks); however, for the bulk of people in the world—cash is still king. Although huge infrastructure investments have been made over decades to accept cards for payment, cash is still used for 85% of retail transactions. This bl
13 January 2015 /payments
The movie Back to the Future II, shot in 1989, projected the year 2015 as an era of flying cars, hoverboards and food hydrators. Some in the payments industry have predicted NFC to be the next big thing for several years. Were these predictions as inaccurate as the Hollywood ones? While Back to the Future seems to have been out by many years, it d...
Nobody can ignore Apple Pay. And nobody is ignoring Apple Pay. Must-have designer technology, heavy hitting icon brand and high profile merchant signings have finally aligned, like so many stars in the payments heavens. Together, and for once the use of the well-worn cliché seems justified, they deliver a 'user-friendly solution' that accelerates ...
12 January 2015 /payments
What is the future of payments? Is all the hype real or is it just hot air? 2015 will undoubtedly be the proof of real change and we will see emerging trends that will disrupt payments landscape for good. Here are my three key predictions for 2015: 1. Regulation is here to stay. The FCA and PSR are strengthening their teams to handle an increased...
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
Change in human behavior - to be precise. Only when the next person is changing his/her behavior does innovation actually materialize. This is probably too self evident. Also that change is both enabled and driven by exponentially more capable IT. We need something to change into. Simplified - experienced - roadmap: 1. Create service or tool that ...
10 January 2015 /payments Innovation in Financial Services
I recently caught up with Jonathan Vaux Director, New Digital Payments and Strategy at Visa Europe, to discuss the trends he observed over 2014 and the outlook for 2015. In short, 2014 has been a really powerful year for payments innovations. I summarise some of the main points from my interview and welcome your comments on how you saw NFC and con...
09 January 2015 /payments Innovation in Financial Services
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