5077 Results from /payments
Brett King CEO & Founder at Moven
If you've followed my bullish ramblings on mobile payments here at Finextra, you'll know that talk of the coming ubiquitousness of mobile payments is nothing new for me: Why Square Wallet failed, and why Coin card is next... (May 2014) Why payments are disappearing, and mobile will win (Oct 2013) Why the iPhone means the end of Swipe and Cards (Se...
10 September 2014 /payments Innovation in Financial Services
Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions
Like many, I’ve long held that nothing is broken with plastic cards for instore payments and made the case for mobile wallets to stick to gift, loyalty, ID and other forms of non-payment cards (see Mobile Wallets Should Fix What’s Broken – And It Ain’t Payments). Until I read about Apple Pay: “Every time you hand over your credit or debit card to ...
10 September 2014 /payments
Retired Member
After years of speculation, Apple has finally revealed its mobile payments strategy: Apple Pay. This is good news for (U.S.) iPhone users who want to ‘tap to pay’, but what about the majority of smartphone users who are using an Android device? What about those of us outside of the U.S? And what about the banks who want to offer a solution to a wi...
Lee Williamson Research Analyst at Cash Management Solutions
There is no doubt that the digital revolution has already hit the banking sector. According to an American Bankers Association survey released in August, 31% of those questioned stated that online banking was their preferred banking channel. It’s easy to understand why Internet banking would be the favored option in today’s modern, digital world: ...
It's been a while since I blogged here at Finextra (for many reasons)... Today is a special occasion. The day Apple (and I) said "FU!" (You'll understand the context better if you glance through my December 2013 post.) To those who doubted Apple will do NFC. And those who refused to listen about the consequences of Apple doing so... To a...
09 September 2014 /payments Innovation in Financial Services
In January 2015, the EU will introduce a cap on card Interchange fees for Visa cross border acquiring on domestic transactions (known as the Cross Border Domestic Interchange Programme, or CBDIP). A reduction in Interchange fees is almost always a reason for merchants to break out the champagne. However, in this case there are a number of factors ...
09 September 2014 /payments /regulation
Neil Clarke Business Development Director at Volante Technologies
It is reasonable to say that historically, standardisation in financial messaging over electronic networks has been driven by SWIFT on behalf of the banks – initially FIN MT messaging (based on ISO 7775 and 15022) and more recently MX (XML messaging based on ISO 20022). Predominantly this has helped drive standardisation of formats for transaction...
08 September 2014 /payments
Pat Carroll Founder/Executive Chairman at ValidSoft
“If only I would have known” is a phase that Jennifer Lawrence, Kate Upton and possibly as many as 100 celebrities and notable personalities are likely saying after a reported massive breach of Apple’s iCloud service resulted in the unauthorized access to, and release of, personal information and photos. While the FBI, dozens of security vendors an...
05 September 2014 /security /payments Information Security
Nanda Kumar CEO at SunTec Business Solutions
George Osborne’s announcement that the Government is to explore the regulation of Bitcoins will have had an ominous ring to it for those attracted to the virtual currency precisely because it is not currently covered by any regulation. For the rest of us, however, the announcement should be welcomed. Osborne’s focus on the UK financial services se...
04 September 2014 /payments
Craig Ramsey Head of Real-Time Payments at ACI Worldwide
2014 finally saw the completion of the SEPA process that was some ten years in the making. As of the 1st August, the majority of European Banks are now compliant with SEPA guidelines. So, what does this mean for banks now living in a post-SEPA world? In theory, banks should now be in a position to reap the benefits of years of compliance to meet t...
02 September 2014 /payments /regulation
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