189 Results from 2018, /payments
Retired Member
Digital overdrive is driving the ubiquitous plastic money out of users’ wallets. The change is not only rampant in developed economies but also in fast growing digital economies such as India and China. Just like every common individual, I too used to carry cards for payments and routine financial transactions. Until recently. Thanks to increasing ...
29 October 2018 /payments Disruption in Retail Banking
Tom Hay Principal Consultant at Payment Systems Europe
Apple, Alibaba, Google and Tencent are all moving into payments. Alibaba is also moving into consumer loans and small business loans. How should banks react to the tech giants muscling into their industry? First it is important to understand the difference between Apple, Google and co, and banks. The name “tech giants” highlights that they tend to ...
29 October 2018 /payments
When people ask why I’ve ventured into the corporate incentives market after building a successful life in sports, wellness, and public speaking, there is one word that comes to mind: “Motivation.” Motivation is an integral part of external and internal success. So is having the proper mindset. Sports is an industry that teaches you both, and it is...
26 October 2018 /payments
Anna Kuzmina Expert at Fintech
Georgia is nice . I mean not the US state but the country — former USSR republic. Sweet home for the Caucasus Mountain villages and the Black Sea beaches. Delicious, dizzy and soulful place in memory of its visitors. But you can’t get by without laris (₾) here. Even though many of cafes, stores and hotels accept bank cards, and most of them suppor
26 October 2018 /payments Fintech
Last week, I was delighted to sit on a panel session at this year’s European Women Payments Network in Amsterdam. The annual conference brought together more than 250 women for two days of interactive panels, networking and plenary sessions. Its aim? To promote diversity in payments and Fintech, debate the hot topics, and celebrate the women pushi...
25 October 2018 /payments Fintech
Tony Craddock Director General at Emerging Payments Association
I have heard that HM Treasury is considering removing tax benefits to those investing in start-up companies, EIS and SEIS. This must be avoided at all costs. The financial technology industry (Fintech) has grown rapidly in the UK in the last decade, stimulated by five factors: 1. Entrepreneurial talent 2. Favourable regulatory backdrop 3. Willingne...
25 October 2018 /payments /startups
Market research and focus groups are proven to be effective ways to collect important customer feedback, and can be an integral part of a product’s success or failure. Customer feedback–especially direct, straight-from-their-own-mouth–tells companies what it is that they want, and allows businesses to improve their products, services, strategies, ...
24 October 2018 /payments
Once upon a time in cold Russia of 2000 something important happened. A new payment system was born. It would soon dominate the whole country, become part of daily life of every single Russian, and spread across the borders to neighbouring Ukraine, Belarus and various X-stans. The invention so ingenious that it is still unclear why it did not take...
24 October 2018 /payments Fintech
Brendan Jones COO at Konsentus Ltd
In a recent dialogue with the EBA, they stated about PSD2 open banking regulations that: “Ignorance of them can of course not be used to justify non-compliance”. Further adding: “Non-compliance amounts to a breach of law, with the resultant consequences for the legal entity.” With that mind and with a deadline of March 14 2019 looming less than 6...
23 October 2018 /payments /regulation Open Banking
Bob Lyddon Consultant at Lyddon Consulting Services
On 18th October 2018 Pay.uk - the re-branded New Payment System Operator - held a launch event and distributed brochures about their procurement process for a strategic partner with whom to develop the New Payments Architecture - or "NPA" - for the UK's retail payments. The prospectus was entitled "Enabling a vibrant UK economy"...
23 October 2018 /payments Transaction Banking
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