5082 Results from /payments
Brett King CEO & Founder at Moven
In the UK and Australia, account keeping fees are nothing new. In the US, however, since the introduction of the Durbin amendment, many US banks have been moving to monthly fees on checking accounts (we call them current accounts generally outside of the US) for the first time. These moves have resulted in often massive backlash from the public, ...
26 March 2012 /payments /retail Innovation in Financial Services
Retired Member
Innovation Inside - Email on the Edge The Technology Lever Deloitte’s Center for the Edge recently published the 2011 Shift Index, which confirms an unsettling long term downward trend: publicly traded US companies show a 75% decline in Return on Assets (ROA) from 1965 to today. I asked Center for the Edge co-chairman John Hagel how companies can...
26 March 2012 /payments Innovation in Financial Services
Nick Ogden Chairman at Ogden Research
Business 2012 this year saw the UK’s best and most innovative businesses gather in London for a three day event of exhibitions, speakers and seminars. The speakers this year gave us plenty of food for thought, with Sunday’s keynote, Richard Branson, dominating discussions and press coverage. The whole event was filled with interesting seminars on...
23 March 2012 /payments
Over the past several months, I’ve built my case and given several examples of how financial institutions can make the move toward running payments as a business. Let’s recap. Payments data centers used to be these “gentle giants.” They moved steadily along, processing payments one batch at a time, and did what was required of them. But, as th...
22 March 2012 /payments
The UK is now the most internet based economy of the G20 group, according to the Boston Consulting Group. As a nation, the Brits have emerged top in terms of how much of their hard-earned cash is spent online, ahead of Denmark, the United States and Germany. The UK has clearly has caught the online shopping bug and by 2016 nearly 25 per cent of al...
21 March 2012 /payments
Statistics from Nokia indicate that the average mobile phone user reaches for their mobile phone 150 times per day, highlighting that more than ever before consumers are relying on their mobile phones in every walk of life. Just as people organise their diaries, manage their emails, and surf the internet via their smartphones, it is inevitable th...
20 March 2012 /payments Finance 2.0
Over the past few years, organisations across the board have streamlined processes and gained significant cost efficiencies. They have also embraced electronic payments in their many guises, from Bacs through Faster Payments to Direct Debits. Yet in the vast majority of organisations, those tasked with payroll, managing expenses, paying suppliers ...
20 March 2012 /payments
The current correspondent banking solutions date from the 1970s and cards from the 1950s. Are they really the best answer for the 21st century? The current correspondent banking model was designed in the mid-1970s to support international trade flow of that era. It is an accepted fact by a growing number of bankers that correspondent banking is not...
19 March 2012 /payments
In the Times business section in the UK today, Andrew Haldane, the Financial Stability Director for the Bank of England was quoted as suggesting that we are entering a phase where the banking sector is being reshaped as a result of technology. Haldane pointed to innovations like Kiva, P2P and social collaboration as some of the forces effecting th...
16 March 2012 /payments /retail Innovation in Financial Services
Elizabeth Lumley Global FinTech Commentator at Girl, Disrupted
OK, so some of you may know I spoke at SXSW in Austin, Texas on Monday. But before I get into the gist of what I talked about - I attended three panels - all looking at various angles on the theme of money. Taming the market in your pocket Credit Coins Cash: Social currency and Finance 2.0 The Future of Money As you can guess, most of the panels...
16 March 2012 /payments /retail Finance 2.0
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