5062 Results from /payments
Retired Member
According to a recent Visa Europe study, cash is not going away. The study found that 35% of people in 2010 stated that they: "prefer to pay in cash for everything I buy." This is down from 54% in 2002, but up from 18% in 2008. Amazingly, that study was conducted with European respondents where card usage is high. Unsurprisingly, cash is...
26 August 2010 /payments
Brett King CEO & Founder at Moven
Is it just me or have you noticed that the pages behind the login for your bank haven't changed much in the last 5 or 6 years? According to the omnipresent Wikipedia, Stanford Federal Credit Union was the first financial institution to offer online internet banking services to all of its members in October 1994. Interestingly, while the Gramm-Leac...
25 August 2010 /payments Online Banking
Elizabeth Lumley Global FinTech Commentator at Girl, Disrupted
Last week Finextra embarked on an unusual Twitterview. Instead of a mostly linear stream of Q&As with one or two people, we decided to moderate a discussion, or Twitter-chat, with a group of start-ups, consultants and advocates who represented the city of Atlanta, Georgia in the US. It seems Atlanta has been a hotbed of banking innovation sin...
23 August 2010 /payments Social Banks
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
Once invoicing has migrated from paper and PDF to structured form - increasingly in the soon ready open global ISO standard - a wealth of productivity enhancing practices can be launched. Examples: - automated accounting (as e-invoices carries increasingly common posting codes) especially for the SME-sector - creating de-facto real time accounting
22 August 2010 /payments Innovation in Financial Services
This week RBS found the spotlight in an unenviable way when it was fined GBP 5.6M by the Financial Services Authority (FSA) for insufficient controls over payments screening processes. According to news articles, the list of transgressions include a breakdown of manual procedures and also inadequate technology functionality. Regulators in the UK ...
20 August 2010 /payments /sibos
I was musing the other day, as you do in the dog days of summer, on the difference between tolerance and toleration. And the difference, I found, is more than just nominal. ‘Tolerance’ can be defined as a general disposition of mind which is inclined to tolerate a line of action, for example, of which one does not really approve. ‘Toleration’, on t...
19 August 2010 /payments /wholesale
The Finextra Twitterview - Atlanta FinTech Universe When: Augist 18th, 2010, 10:00 EDT (15:00 BST) Where: Follow @Finextra and @kpetralia, @simEngine, @johnbhayes, @SBatTTV, @atlantapayments, @steve_atl, @MelanieBrandt, @DCoxATL and @tjsweeney. Hashtag: #finxlive As some of you know, I'm on Twitter (@LizLum). One day, @tjsweeney (Tim Sweeney, ...
16 August 2010 /payments /retail Social Banks
I should have known - it is not possible to realize how good something can be before you get to use it. It is not quite possible either to see the next steps before you take the previous. Even if a good part of my daily work has been and continues to be innovations in these fields. Now I am amazed at how easy and addicting it is to pay the bills. Y...
15 August 2010 /payments Innovation in Financial Services
It’s not quite so fashionable to talk about SEPA these days. After all – aren’t we all wishing the rules and solutions were are all defined and implemented? But there’s still a fundamental challenge that banks (and corporate treasuries) face: integration among both legacy formats and legacy systems. Payments hubs are still often discussed as a sol...
11 August 2010 /payments /sibos
As the old joke goes, “the great thing about standards is that there are so many to choose from.” This certainly seems to be the case with point-of-sale (POS) devices, where there are now a number of overlapping initiatives aimed at improving payment card security. While this may seem to be unnecessarily redundant, it is important that POS vendors...
11 August 2010 /security /payments
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