283 Results from 2010, /payments
Brett King CEO & Founder at Moven
As preparation for my SIBOS Long Now Innotribe sessions next week I've been talking to lots of geeks, thought leaders, bloggers and innovators about what comes next. This is by no means an extensive list, but here are a few of the disruptive innovations that are coming our way in the next couple of decades or perhaps sooner. The end of content, t
23 October 2010 /payments /retail Innovation in Financial Services
Retired Member
The President’s Working Group on Financial Reform issued an unusually inconclusive report on Money Market Mutual Funds. Published thirteen months after it was originally expected, the report simply encourages the newly formed Financial Services Oversight Committee to take up the matter. Treasury Strategies partner, Anthony J. Carfang, notes that
22 October 2010 /payments /sibos Financial Services Regulation
In yesterday’s blog, I focused on what regulation means for the payments industry. This time it is another of the key themes being discussed at Sibos that takes the focus: rebuilding trust. The breakdown of confidence in the wholesale banking market has created a significant customer funding gap in many countries. While banks look to lower costs, t...
22 October 2010 /payments /sibos Finextra@Sibos
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
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
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