5073 Results from /payments
Retired Member
Last month saw the 2014 Future of Money Design Award, alongside Tomorrow’s Transactions, the 16th annual Consult Hyperion Forum in London. The Future of Money Award was launched in 2009 and was created to bring previously unseen creative thinking to the financial industry, by asking artists and designers to think ‘out of the box’ when imagining the...
02 April 2014 /payments
The prospect of a major review by the Financial Conduct Authority into the technology risks in Financial institutions highlights the challenging regulatory environment and increased scrutiny the industry faces. This will made it tougher for these organisations to meet customer needs, maintain profitability and increase revenues while achieving re...
02 April 2014 /payments /regulation
Craig Ramsey Head of Real-Time Payments at ACI Worldwide
This week I’ve been traveling, so the bicycle has been stored in the garage and as I write this I find myself on a plane. Therefore, what better subject for this week's discussion than clouds- or more specifically cloud computing, or On Demand, or SaaS- whatever your preferred term is. There has been much discussion about cloud taking off for some...
01 April 2014 /payments
It’s fair to say that Apple knows a thing or two about disrupting a sector. Portable music players, mobile phones, tablet computing…its track record in fundamentally changing how we use and consume hardware and software is well established. iBeacon, a Bluetooth-based communications and micro-location system whose underlying technology was incorpora...
In the US there is a Big Data project to collect every life sign data from every patient. The idea is to monitor patients and their medical histories, then to review if any warning signs are consistent, say before a heart attack. Then if those signs appear in the future with patients they can be an indicator that there is an imminent heart attack ...
01 April 2014 /payments /regulation
We have all heard about KYC, Know Your Customer and KYB, Know your Bank but it’s emerging that, particularly in the Corporates world, KYV, Know Your Vendor is just as important. For Corporates, the process of selecting a reliable, honourable, and committed vendor partner who not only has an in-depth understanding of their requirements and their in...
31 March 2014 /payments Payments strategies 2015-2020-2030
The date was April 17, 1970. Everything was going like clockwork on the Apollo 13 moon mission when all of a sudden it wasn’t. Oxygen tank #2 blew up, causing tank #1 to fail as well. The command module’s normal supply of electricity, light and water was lost, and the crew were about 200,000 miles from Earth. Getting the men home safely was one of...
30 March 2014 /payments Future Finance
James, Thanks for a great overview of the approach to ISO20022 and SEPA! If one can regard ISO20022 as an ICD(Interface Control Document), and in many ways it is useful to do so, then I am a little disappointed that those of us who were around when EDI was being introduced cannot remember or have not been asked to remember the issues that faced us...
28 March 2014 /payments
1. Business to business payments serve the area of trade and finance that is marked by heightened complexity, diversity of use cases and uniqueness of commercial interaction. Parallels with C2B commerce and payments are many but those are commonly on the surface. In details and in forms commerce and payments interactions between businesses are
27 March 2014 /payments
Customers are the most important piece of the transaction banking puzzle. Without them, we have no industry. So this week on our third stop on the “Tour de Transaction Banking,” I want to discuss KYC (know your customer). This concept is not just a demand from regulatory authorities, but it is also essential to ensure success in any bank’s transac...
25 March 2014 /payments
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