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Payments strategies 2015-2020-2030

Payments systems visions, strategies, trends, pilots, forecasting, and planning for the short-, medium-, and far-term.

Retired Member

Retired Member 

Cash-less in Singapore and key takeaway for Developing economies

"Are you sure you want to do this" Richa asked. I must confess I was not, but decided to go for it and thus started this journey from Mumbai to Singapore and back without single penny cash. Yes, that’s right Just a credit, debit and travel prepaid card. Transit (Home to Airport): Ordered OLA and paid using the OLA money wallet, funding sa...

/payments

Retired Member

Retired Member 

Banks falling in love with FinTechs

Can opposites within the financial services industry attract? While psychologists believe that opposites attract, they also say that over the long-term they can drive each other crazy - Could this happen with Banks and FinTechs? Although banks may have seen FinTech firms in the past as little more than a fad, concocted by liberal techy types, the...

/payments

Retired Member

Retired Member 

Banking on Corporates for Business - Think Again!

Banks of every size are keen to win and retain Corporate customers – nothing new here. However, what is surprising to me is how many banks I think are missing a trick when it comes to realising opportunities to expand their Corporate portfolios by offering the easy access to bank services over SWIFT that many Corporates are demanding, especially ...

/sibos

Retired Member

Retired Member 

SHA-2 Protocol: to cloud, or not to cloud?

When the Bacs payment scheme implements SHA-2 internet security certification next year, anyone submitting direct payments will need to upgrade their Bacs approved software to ensure they can submit securely. With the change looming and cloud adoption on the rise, it seems prudent to weigh up the pros of cloud-based Bacs approved software over the...

/payments

Anish Kapoor

Anish Kapoor CEO at AccessPay

What next for UK payments?

Innovative technology has given businesses an opportunity to boost their customer service. In today’s digital-savvy world, real-time payment processing meets customer demand to speed up receipt of funds with certainty, convenience and at a competitive cost. Corporates are also demanding a broader range of payment methods to improve their client ex...

/payments

Retired Member

Retired Member 

Key takeaways from World Payments Report 2015

Capgemini Consulting and RBS recently released WPR 2015 it is quite comprehensive study of the manner in which payments industry is growing globally. Below mentioned is my takeaway (Also added a few points from my side) from the report. 1. Asia is the driver of Global Non Cash transaction Growth: Global Volume’s reached 357.9 billion (2013) 2. Bank...

/payments

Retired Member

Retired Member 

Journey Towards Cashless Economy Part 3 Business

The objective of this 3 part series is to examine in brief the barriers and motivators for the key players in India’s (the author believes it has elements that can stand true for any economy that intends to go cashless) Journey towards a cashless society. In part 1 and 2 can be read at Finextra Blogs. Business (Issuers/Acquirers): The estimates...

/payments

Retired Member

Retired Member 

Journey Towards Cashless Economy Part 2 Consumer

The objective of this 3 part series is to examine in brief the barriers and motivators for the key players in a Journey towards a cashless society. In part 1 the role of retailer in this journey was shared and can be checked at part 1 in blogs section @ Finextra. Consumer : Cash “The King” the acceptance ubiquity makes it the first and foremost ...

/payments

Retired Member

Retired Member 

Journey Towards Cashless Economy Part 1

The objective of this 3 part series is to examine in brief the barriers and motivators for the key players in (the author believes it has elements that can stand true for any economy that intends to go cashless) Journey towards a cashless society (India as a example). As per the annual report of Reserve Bank of India (RBI) for 2013-14, the amount ...

/payments

Barry Kislingbury

Barry Kislingbury Lead Solutions Consultant at ACI Worldwide

How can we handle settlement for cross-border immediate payments?

Global real time interoperability is in our sights – immediate payments plus the industry consensus that ISO 20022 is the standard ‘de jour’ are paving the way towards a harmonised digital banking future. The first draft of the ‘rule book’ was launched earlier this year by the ISO 20022 Real-Time Payments Group, outlining the correct flows and lan...

/payments /regulation

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