5073 Results from /payments
Retired Member
Baby-boomers will soon be transferring their assets to generations X and Y, primarily defined by their exposure to technology and the web from an early age. As banks’ relationship management styles gravitate towards digital mediums, their next priority should be the associated customer data. How can banks adapt their IT infrastructures to manage t...
24 September 2013 /payments
I've been trying to figure out how the different companies get together to manage card payments. It's a complicated business, and I’m still learning. Readers, please do comment and correct my understanding. Fundamentally it seems card payments are fairly simple; what has caused complexity is the way that each role has been split up. So let’s begin...
Martin Ruda Managing Director at Tall Group
At the latest Cheque User Forum, hosted in London by the Cheque & Credit Clearing Company, a vision of the future of cheque clearing was laid out for an animated group of about 150 cheque professionals. The potential for image based clearing, now an established feature of the landscape in the US, Brasil, India, etc, might just be gathering mo...
23 September 2013 /payments
Big Data is one of the trends of the moment, with beautiful infographic representations of everything from social networking, video uploads, web searching and app purchases. These are, no doubt, important tools in shaping our strategies in payments. However, this is not new. The challenges of big data as defined by Doug Laney, the father of Big D...
20 September 2013 /payments
You need to service customers and employees on mobile devices such as browsers, tablets and smartphones with live, dynamic information. But within the financial services industry (amongst many other industries) this has elements of risk. Organizations require a way to harness real-time information and deliver it out to your workforce, partners, cu...
19 September 2013 /payments /regulation
PaySwarm has the potential to fundamentally change the way payments are made online. But why is this one different from the umpteen other funky web based payment innovations? Firstly, it is free. Open source, patent free and royalty free. Second, it is a web standard that is being adopted by the World Wide Web Consortium payments group, a foru...
19 September 2013 /payments /sibos Innovation in Financial Services
An efficient and effective trade finance market is vital to a country's prosperity and to the survival of thousands of individual companies in the supply chain, but it is an incredibly clunky, paper-based world. The set of documents and processes has remained largely unchanged for decades, supporting traditional letters of credit and guarantees. T...
18 September 2013 /payments /sibos Innovation in Financial Services
With the Google Wallet announcements moving the emphasis away from NFC and thereby expanding the potential user base for its service, is this the KISS of life for wallets and the kiss of death for NFC? Obviously the fact that Apple and PayPal, in their recent developments, have not embraced NFC indicates there are concerns about solely using that t...
18 September 2013 /payments
SWIFT is celebrating the 10th anniversary of the standards forum at Sibos in grand style with, amongst other things, a cake. The idea of bringingn practitioners, vendors and standards developers together was a great one and over the years has proven well worthwhile. But why do we need this forum? Firstly it's a great place to help identify where w...
17 September 2013 /payments /sibos
2011 was meant to be "the year of NFC". So was 2012. And 2013. However, earlier this year NFC ran out of steam as far as "mind share" is concerned. When Google Wallet decided to drop support for loyalty cards - one of the key components of any m-wallet (and one of the core functions of ISIS wallet, via SmartTap) - it became clea...
17 September 2013 /payments Innovation in Financial Services
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.