Transaction Banking

A community for discussing technology trends, views and perspective in global transaction banking

George Ravich President at Ravco Marketing, LLC

Transaction banking: monetising the data goldmine

Lowly transaction banking – that backwater business that revolves around processing transactions –has only recently begun to receive proper recognition as a major contributor to the bottom line. Having produced steady growth and profits throughout the past several years it may just become a strategic asset for banks. With low risk and high return

14 September 2010 /payments /sibos

George Ravich President at Ravco Marketing, LLC

Corporate Treasury - The New Reality

Has there ever been a better time to be a bean counter? Those who count the cash have seen their status in the organization soar to new heights as liquidity has become as important as the latest expansion strategy or marketing initiative. With credit lines constricted, cash isn't just king – it's God! So what should treasurers do about it? I thi...

12 July 2010 /payments /wholesale

Retired Member 

Who needs staff anyway?

Yes, yes, yes, he did it, he finally made up his mind and proudly deposited his hard earned (according to him) pocket money in a bank yesterday. What am I talking about? If you have been following my recent blog postings, ‘Lessons learned from the economic downturn’ , ‘What does it mean to be a ’Well Managed’ bank?’ and ‘Is customer-centricity re...

08 July 2010 /regulation

Retired Member 

The Death of the Meeting: I Blame Technology

It was in a meeting the other day that I finally realised that I am getting old. As I made my weary way home, I mused on this sudden insight and found myself reminiscing about the old days, when meetings were meetings, and not a collection of people gathered in a room devoting over 50% of their time to a call received on their mobile phone, or a ...

24 June 2010 /payments

Rik Coeckelbergs Independent Advisor, Opinion Maker and Consultant at The Banking Scene

Where is the Universal Payments Module?

There are several terms to characterise payment systems in the way their architecture is structured. I would like to elaborate a bit on the modular payment systems. How does that work? A modular payment system is based on one central framework that is able to process different types of payments. The opposite of modular payment systems are silo-base...

19 June 2010 /payments

Retired Member 

Card Payment Charges: Not the Rip-Off the BRC Thinks

What a joke. Does the BRC really believe that any transfer of profits from the banks to the retail community will be passed on to customers, as they claim in their latest attack on the banks’ charges for processing card payments? Since when have they become so philanthropic? No, I imagine none of us 'consumers' would ever see that money at al

18 June 2010 /retail

Retired Member 

Credit Cards: Cashback RIP

Are we witnessing the beginning of the end for cashback on credit cards? I recently received a letter from my credit card provider, advising that in future I will need double the points to obtain the same value of retail vouchers. This changes the cashback rate from 0.57% to 0.27% - and this on a card where the rate of return when originally lau...

15 June 2010 /payments

Olivier Berthier CEO at Moneythor

Mashups - How much control could banks give their customers?

Mashups are beginning to excite the banking world because of their potential to give customers more control over customer data – to be able to query it, manipulate it, enhance it and even combine it with other data sources or online services. Mashups mean different things to different people. Essentially, mashups are flexible combinations of data,

19 May 2010 /wholesale

Olivier Berthier CEO at Moneythor

Has the Supply Chain Finance World Gone Flat?

On a roadshow in Asia recently, while talking to our transaction banking and corporate customers, I was struck by how flat the world of Supply Chain Finance seems to have become. On the one hand, the community of players involved in financial supply chain services seems to struggle to move domestic trade receivables or payables financing programme...

06 May 2010 /payments /wholesale

Retired Member 

Beating Nationwide's Over the Counter Ban

Brilliant initiative from Nationwide, to restrict peoples' in-branch access to their own cash. It ignores those who don't want to draw £100 or more out and don't trust cash machines (like many elderly); nor does it help those who want coins for some or all of their withdrawal. I know a number of people who have kids at school age, and they need ...

13 April 2010 /retail