5082 Results from /payments
Elizabeth Lumley Global FinTech Commentator at Girl, Disrupted
I've been to a fair amount of FinTech, financial services and payments conferences in my time. I once sat through one where an old man in a badly fitting suit read passages from the Payments Services Directive...line by line...(I still have flashbacks). However, outside of the non-stop party that is European banking regulations, nothing screams Fin...
04 July 2013 /payments Disruption in Retail Banking
Retired Member
Two years ago, Arriva won some awards for their m-ticket solution. The concept was dead simple: a mobile app that displayed "dynamic" barcode image. Masabi offered a similar concept for the railway ticketing, but as barcode infrastructure did not spread much, being superseded by contactless smart ticketing, Masabi went to the US in sear...
03 July 2013 /payments Innovation in Financial Services
The first step to solving a problem is to admit you have a problem. I have been involved with card fraud systems for over 20 years and too many times when I have discussed fraud I’ve been greeted with the opening line “of course we don’t have a fraud problem here” I was struck when seeing some fraud statistics for 2012 released by RBI for India ho...
03 July 2013 /security /payments
The UK government is encouraging the use of e-invoicing across all central government transactions. Mandating will be considered as a possibility, if it’s seen as an effective way to spread best practice. From our perspective encouraging e-invoicing is a great step. It will support the government’s wider aim to help SMEs grow and compete for publi...
02 July 2013 /payments
NFC fanatics are anxiously awaiting the EMV liability shift in hopes the card networks’ mandates will drive NFC adoption at the point-of-sale (PoS). While many are already heralding EMV as NFC’s savior in mobile payments, it’s far too early for celebrations to ensue. Yankee Group expects the EMV liability shift will have a profound impact on NFC...
2011...2012...2013… each have been touted as the year that mobile payments will reach a tipping point, yet it would seem that adoption is lagging behind the news hype, at least in the UK. While mobile banking is now mainstream and accepted (even demanded for by some consumers), we just don’t seem to have taken to mobile payments at the point of sal...
01 July 2013 /payments
In my last blog, I examined how a Payment Factory can help improve global cash visibility across an organisation. Now I would like to examine that in a little more detail. I discussed how banks connected to SWIFT will send out MT940 messages (end-of-day account statements), which can be forwarded on to the different back office systems. That leads...
It was hard for anyone who followed mobile payments to miss the headlines about Clinkle, a Silicon Valley startup headed by the CEO who raised more millions that his age. Getting $25m in SEED money from such top names as Accel, Andreessen Horowitz, Intel, Intuit and Peter Thiel warrants attention, so let's peak under the hood of that (not so) myst...
01 July 2013 /payments Innovation in Financial Services
In part I of my “Card Acceptance Matters” blog article, I discussed the high-level results of research conducted by MasterCard and Kaiser Associates, and the finding that card acceptance can lead to increased purchasing volumes per customer. In this article, we’ll take a look at how card acceptance can lead to greater revenue consistency. Paying ...
There is no stopping the evolution to a cashless society. It will be a convergence of the internet, credit and debit cards that have Visa PayWave & MasterCard PayPass, American Express cards that have ExpressPay, and a smart phone that can be used in much the same way as a physical wallet is used, only with virtual examples of credit or debit ...
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