254 Results from 2014, /payments
Retired Member
The adoption of the ISO20022 standard as the format of choice for corporate payments has really gathered momentum. Kick-started perhaps by SEPA, it is now rapidly being used by the bigger banks for every payment in every country. Payment factories to a large extent were born out of the formats nightmare faced by large corporates. Payment soluti...
14 October 2014 /payments Payments strategies 2015-2020-2030
Pat Carroll Founder/Executive Chairman at ValidSoft
Recently, I wrote a piece highlighting some of the startling data released on the true costs of fraud published in a report by Lexis Nexis. This report examined the costs of fraud across a number of dimensions including channel, payment method, merchant type and location, providing a great view on the true scope of the issues now confronting the p...
13 October 2014 /security /payments Innovation in Financial Services
Host Card Emulation (HCE) technology support is growing by leaps and bounds. Since it was introduced in the KitKat version of the Android operating system, HCE support in smartphones has been growing on a steep curve. This month Google released new use numbers showing that 25 percent of all smartphones running Android OS are already doing so with...
10 October 2014 /payments
Given the critical role national payments systems perform in making economies tick, it’s only natural that regulators around the world are increasingly looking at ways to increase payments speed in order to facilitate innovation as a driver for economic growth and to enable the financial inclusion of unbanked populations. The implementation ea...
09 October 2014 /payments
There are many aspects to delivering excellent customers service, particularly in financial services where credit-based decisions can often leave customers deeply disappointed. There is an entire industry dedicated to improving the customer experience, from staff training to measurement, but an area that is often overlooked is the processes in plac...
07 October 2014 /payments
The demand for cash management services by corporates is not new for our banks. However there is now more pressure than ever on transaction banks to provide more comprehensive cash management solutions covering everything from liquidity management, payments, receivables, delivery channels, etc. - with a specific focus on seamless implementation an...
06 October 2014 /payments
Leon Rees Principal at Markets Etc
We all know there's been a battle brewing for a while. Silicon Valley, with its innate ability to innovate around technology and build models for deepening customer relationships, has been squaring off against traditional Main Street banking, threatening a fight for a few years. The big banks aren't a pushover, they have balance sheet (but perhaps...
03 October 2014 /payments
Today most companies understand that having their branded mobile app in a consumer’s smart phone is the closest connection they have ever had with their customers. With time spent on mobile devices rising, companies with a mobile app on a consumer’s phone have a spotlight and opportunity to connect like never before. Apps are also an inexpensive c...
Ben Poole Contributor at Finextra
On the second day at World Retail Congress 2014, I was fortunate enough to moderate a panel discussion looking at what steps the industry is taking to ensure security across the variety of transactional channels that exist today. Providing the perspectives were Ajay Bhalla, President, Enterprise Security for MasterCard, Pingki Houang, COO with sho...
02 October 2014 /security /payments
Arnab Sengupta Founder & Chief Technology Officer at Cinnamon Pay (www.cinnamonpay.com)
Introduction In the present world of disruptions, the rapid progress of the consumer technology is changing the human behavior more than ever before. Many pundits tend to stretch their imagination and predict the future digital world in the next 5 years which may perhaps take 15-20 years to get to that stage. So I need to be careful not to go over...
02 October 2014 /payments
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