5079 Results from /payments
Retired Member
As anyone who works in the sector knows, the financial world revolves around data – and this could well see banks become one of the largest adopters of cloud services. However, as Gartner recently noted, the cloud is overhyped in the banking industry and there is still a way to go before institutions capture the transformational benefits. The mos
21 October 2010 /payments
Most would agree that a bank can benefit from a centralised payments hub that is scalable and offers rich functionality. But while reducing the number of hubs brings a higher level of consolidation, what banks need is a more service-focused approach to payments. As discussed in my previous blog, service level payments means offering a differentia
20 October 2010 /payments
Sriram Natarajan Risk Dog at Credit Risk Fraud Cards Professional
This weird 'fatwa' by Somali Islamists seems to reiterate the fact that only paper money (cash) is the God they recognize! I found this quite intriguing. I have heard and even empathized with numerous objections to mobile / E -money - security, cost, usage issues, etc. But I haven't seen anything like this! The 'green shoots' of Mobile money and El...
19 October 2010 /security /payments
Brett King CEO & Founder at Moven
200 individuals were the first to receive credit cards issued by Diners Club in 1950, the brainchild of Frank McNamara. It was the start of a completely new era in personal credit and payments. American Express entered the credit business with its own card in 1958, within five years had issued more than a million cards. Today there are more than ...
18 October 2010 /payments /retail Innovation in Financial Services
Customers today are more discerning than ever before and expect so much more from their banks. They are looking for positive experiences and expect their needs to be satisfied instantaneously. At the same time, banks have a myriad of challenges to navigate through – mounting pressure from regulators, increased competition and so on. Payment servi...
15 October 2010 /payments
In my previous two blogs I have discussed different areas of manufacturing that financial services firms and vendors could learn from. In this final post in this series, I want to look at Supply Chain Theory and the factory model Everyone in the United States remembers when the Japanese auto makers began to take over the U.S market. As a result, th...
13 October 2010 /payments
This blog was created while Mark was working at The Logic Group. As more brands adopt contactless technology, how many consumers and staff at the check-out really understand its benefits and how to use it? Recently Neira Jones, Head of the Payment Security Team at Barclaycard, reported in an interview with Grocery Trader that there are now around ...
13 October 2010 /payments /retail
We’ve been gearing up for Sibos for a couple of months now and in all our discussions with London-based international bankers, the show’s themes of the three Rs: Regulation, Rebuilding Trust and Recovery, seem to be ringing true. However, it’s also clear that regulatory compliance will be taking the lions’ share of companies’ resources and atte...
11 October 2010 /payments /sibos Finextra@Sibos
Miloslav Hoschek Freelancer at e-Silk Road, NGO
Let's define at first the abstract new terminology related to our theme. We will suppose that the deflation spiral has limited constraints and frames. We will explain here how the deflation spiral transform to a deflation helix under the influence of a negative discount rate. cont. copyright Miloslav HOSCHEK PhD independent consultant mhoschek/ad...
09 October 2010 /payments /regulation Payments strategies 2015-2020-2030
Nick Ogden Chairman at Ogden Research
There’s been a lot of talk recently about the idea of ‘cashless society’ and numerous journalists seem to be jumping on the bandwagon in a bid to write a colourful story. This usually involves testing out the concept by living without cash for a week or so, throwing in a few humorous anecdotes along the way – no money for the tooth fairy, no money...
07 October 2010 /security /payments
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