Payments strategies 2015-2020-2030

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

Retired Member 

Let's start with the failures shall we?

Now there’s a downer of an opening question if ever there was one to an IT sales person. All fresh faced, enthused by all the great news he had to impart and more than a dozen reasons why his company was successful and should be the vendor of choice. He had managed to secure time with all the right people in the company who would be involved in th...

27 March 2015 /payments

Retired Member 

Revolution meets Evolution

It seems that more and more today, in the world of financial services technology, revolution is very much disrupting the path of evolution that we have tended to follow. Financial institutions and indeed the providers of technology on which the industry runs, continue to be under pressure to get it right and deliver technology solutions that meet t...

23 February 2015 /payments

Retired Member 

The Return of the Lion

In my work as Solution Manager for Payments at Oracle, I've been working with banks globally on finding ways to monetize payments data. This has been a balancing act. Bank have a genuine interest in unlocking value for the customer, if the customer agrees to get his data mined. I've seen most success in unlocking value from corporate payments and t...

19 February 2015 /payments

Retired Member 

Did we solve a payments problem that no longer exists?

I’ve written before about Bitcoin and so this time I want to move away from crypto currencies towards some of the underlying technology; specifically technology being built by Ripple Labs. Ripple is entirely focused on building a protocol (the Ripple protocol) which aims to make transacting as easy as emailing. It is underpinned by a currency (X...

14 January 2015 /payments

Retired Member 

Could your corporate payments team be saving millions?

I’ve written a few times on this blog about disparate payments processes within large corporations and then the benefits associated with centralising and standardising that process. One of the clear problems we see with this disparate, non-integrated approach is that the bank fees being paid in relation to payment services is much higher than it ...

17 November 2014 /payments

Retired Member 

Interchange and digital

The ramifactions of a cap on interchange are more profound than meets the eye As interchange revenues will inevitably dwindle, issuers now have to create new revenue opportunities. One low hanging fruit is to look at monetizing the transaction data. If banks obviously cannot give data away, they can at least prevent fintechs companies from disinter...

14 October 2014 /payments

Retired Member 

Does ISO2022 mean the death of the Payment Factory?

The adoption of the ISO20022 standard as the format of choice for corporate payments has really gathered momentum. Kick-started perhaps by SEPA, it is now rapidly being used by the bigger banks for every payment in every country. Payment factories to a large extent were born out of the formats nightmare faced by large corporates. Payment soluti...

14 October 2014 /payments

Retired Member 

Will block supersede stack?

Don’t be fooled by Bitcoin. It’s an early incarnation, an experiment, of something much bigger. Maybe even a new era. As of very recently – less than a generation - 100% of world wealth has a smart device. And those devices are always on, and always interconnected. That is a radically different environment from the one that begat our current archit...

25 September 2014 /payments

Ritesh Agarwal Senior Management at On My Own

No one needs Wallet...then what is the need of people

Question to all bank CEO: Why Ýour' Bank is not encashing on their strengths and why wallets are taking birth like dime-a-dozen. Wallets would survive only in that country where cost of banking transaction is very high and the user needs cheaper alternative. Example: Any african country. All concepts like unbanked, financial inclusiveness are gimmi...

22 August 2014 /payments

Miloslav Hoschek Freelancer at e-Silk Road, NGO

Q HFT in a 2030 world of negative interest rates

Each millionth of a second is commercially counted through HFT (high frequency trades) deals. Accompanying phenomenon of global HFT infrastructure is a commercial supremacy race. The debate on spectrum handling HFT argued that U.S. stock and commodity market is like a casino, where large investors are manipulating the market. It is estimated tha...

15 July 2014 /payments