961 Results from 2012
Retired Member
Don’t let anyone tell you different, price transparency in Banking has come on a long way since my early experiences as a teenager in banking in the 1970’s. I recall being invited to take the printout of business customers into the manager’s office at one of the first branches I worked at so that he could assess the annual fee to be charged to ea...
20 December 2012 /payments
Both of the international card schemes include in their impressive array of member fee tariffs an assessment fee for Issuers that breach a percentage threshold of authorisation referral responses to authorisation requests received. The percentage is 0.5% but that is incidental. Both card schemes are, of course, fiercely protective of their bran...
Contrary to popular belief, rural financial institutions worldwide are generally profit-making ventures, regardless of size or scale of operation. There are 4,500 cooperative banks in Europe with more than 60,000 branches with a strong rural presence. Raiffeisen Zentral Bank, Austria, is a pioneer in German rural banking with over 12 million client...
20 December 2012
In-Band vs. Out-of-Band Remittance Delivery… In Part I of my Understanding Healthcare EFT standards blog, I identified several major obstacles for health care providers to adopt EFT (electronic funds transfer) and ERA (electronic remittance advice). In Part II, I will explore the differences between in-band versus out-of-band remittance delivery...
19 December 2012 /payments Payments strategies 2015-2020-2030
Banks are competitive institutions. To compete they must innovate and in IT terms that means bringing new products and rich applications to market faster than competitors. Getting those products into our hands in tried and tested form gets tougher every day as our platform choices expand to include browsers, tablets, smartphones etc. Like it or no...
19 December 2012 /regulation
Robert Siciliano Security Analyst at Safr.me
Natural disaster scam: Sadly, scammers seem to come out of the woodwork during a natural disaster such as Hurricane Sandy to catch consumers when they’re in a panic, looking for answers, and when they’re most vulnerable. People should not click on links or respond to phishing e-mails for relief donations that ask for credit card numbers or other pe...
19 December 2012 /security
Martin Bailey Technology Product Director at Temenos
When you're about 4 years of age, piggy in the middle is a fun game, but it kind of loses its lustre by the time you get to 5. At the tender age of 42, I don't ever want to play it ever again, but my bank seems to have different ideas. When my wife asked me to make a payment to her friend - no problem, I thought. I've paid her once already, so I al...
18 December 2012 /payments Banking Architecture
The GSMA recently issued a discussion paper on mobile merchant payments (or eWallet Merchant Payments as they label them). In it they laid out three conditions that they felt needed to be in place to drive customer uptake of mobile merchant payments - namely consumer demand, a clear consumer benefit, and an eWallet stored value (i.e. a positive b...
18 December 2012 /payments
Pat Carroll Founder/Executive Chairman at ValidSoft
On data breaches and forms of attack: resistance is futile In 2012, we have seen an increasing number of sophisticated attacks made on a range of organisations in an attempt to capture consumer information. In 2013 we should not only expect such attacks to escalate in terms of frequency and significance, but for traditional defence technologies t...
17 December 2012 /payments Innovation in Financial Services
The Dodd-Frank and EMIR reforms are having a major impact in the way market participants engage with one another. The mandatory central clearing of swaps is giving rise to a new market infrastructure that introduces more roles and processes, all requiring computer systems to make them work efficiently – Swaps Execution Facilities (SEFs), Organised...
17 December 2012 /regulation
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