1137 Results from 2015
Retired Member
Facebook is to launch P2P Money Transfer from Facebook Messenger, online and via Android smartphones. By the end of the year people in the US will be able to send money with no fees, using a Visa or MasterCard debit card. If Facebook has not yet made it big in payments, this is not for want of trying. At Shift Thought we've monitored a number of fa...
19 March 2015 /payments Innovation in Financial Services
Gerard Hergenroeder Retired IBMer and Banking Executive at Payments Shark
As a former banker the BBVA story struck a real nerve. It reminds me that there are bold thinkers in the market who have vision. And, more importantly they are willing to fund and execute the relevant capabilities to build it. I wish BBVA much success. At the end of the day it is about connecting with people in new and exciting ways that generate ...
17 March 2015 /retail
Mobile capabilities in banking aren't just opening up new services to customers. They are also completely redefining traditional rivalries and partnerships. Because consumers demand easy and convenient transactions on any device from any location, banks have to form new alliances with a whole different breed of partner, ranging from payment proces...
Nanda Kumar CEO at SunTec Business Solutions
The era of ‘free for all’ banking may soon be over. Already under threat, its demise is accelerating as the inherent unfairness of ‘free banking’ becomes more apparent, forcing an avalanche of change in banking IT. The recent PwC report “There’s no such thing as a free lunch” labels free bank accounts as “unsustainable”. Putting free banking up for...
17 March 2015 /retail /wholesale
Now that Spring has sprung, cardholders are looking to the forthcoming Easter break and planning their summer breaks. Inevitably, thoughts will be turning to their holidays and planning trips away. As part of this, some cardholders will be diligently contacting the issuers of their debit/credit cards to advise of the trip overseas, to ensure that t...
16 March 2015 /payments
Anthony Pereira CEO at Percentile
The financial crisis exposed a number of weaknesses in the financial industry’s ability to assess, realise and mitigate risk on a very public scale. The knock-on effect of this exposure has been, and continues to be, vast with financial institutions being subject to heavy scrutiny from regulators. The expectation on banks to demonstrate increased ...
16 March 2015 /regulation /wholesale
Vikash Kumar Director at Acuity Knowledge Partners
Introduction In a market marked with fierce competition, consolidation, evolving technology and more than ever stringent regulatory framework, banks are finding it tough to not only acquire new customers but also to retain the existing ones. Banks are exploring avenues to improve customer experience through uniform and controlled processes for on...
16 March 2015 /retail /wholesale
Abhishek Chatterjee Managing Partner at Gartner Inc.
Future of transaction banking is full of possibilities & it will be primarily driven by customer experience, higher B2B collaboration & exchange of information, real time transaction management & view of cash. Banks not only need to make sure they serve customer across SME, whole sale and corporates well, but also keep an eye to end cus...
14 March 2015 /payments Financial Services Regulation
With increasingly digitally-led customers and the growing trend of self-service, the future of high street banks remains uncertain. However despite many new market entrants in this sector, banks still have a distinct advantage due to long-term relationships built with tens of millions of customers and, the formation of vast internal data pools as ...
13 March 2015
HCE cloud-based mobile payments have opened a new chapter in the industry's thinking around security of card data on-device and the risk management associated with it. The lack of secure element hardware storage on-device creates the need for strong software based solutions to mitigate the risk of storing sensitive card data on phone memory. Token...
13 March 2015 /security /payments
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