Payments strategies 2015-2020-2030

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

Retired Member 

Every Cloud has a silver lining ..

… doesn’t it? By embracing new technologies, access to services via the Cloud offers corporate treasurers of every size of organisation the opportunity to improve efficiencies and further drive down operational costs. At SWIFT we are very well aware that any change to the way we do business brings with it a dose of healthy scepticism. New services...

21 November 2013 /payments

Miloslav Hoschek Freelancer at e-Silk Road, NGO

2030 2050 Global Strategies trends

The new world between 2030 –2050 recalls past transition points—such as 1815, 1919, 1945, or 1989. In this world will exist an absence of global power. The hegemonic power will shift to networks and coalitions in multi polar world, with declining US capacity to serve as a global security provider. The world between 2030 –2050 will launch open ...

14 October 2013 /security /regulation

Retired Member 

'Mobile payments' is meaningless

There has been much debate of late on Finextra and indeed everywhere about mobile wallets and mobile payments; with some very diverse opinions. Some argue that uptake of mobile wallets and payments is poor; there’s data that supports that view. Others argue that mobile devices are dramatically changing the way consumers and corporates interact with...

10 October 2013 /payments

Retired Member 

'we need our payments and commerce to be like our elephants

....they know no borders' ran a tweet from SWIFT’s African Regional Conference in Gaborone earlier this year. ‘It is not unusual to have better flight connections between African countries by first going to Europe. To a large extent, the priority of domestic rail and road infrastructure is outward linkages to seaports, rather than to neighbouring ...

15 September 2013 /payments

Retired Member 

Approaching Sibos 2013

As many of us prepare to board flights to Dubai for Sibos, I’m wondering what others are hoping to hear and learn this year. A few things in my mind: It’s SWIFT’s 40th birthday, hurrah! At the London Forum earlier this year, SWIFT reminded us that it all began with the telex machine. Remember punched tape and testkeys? Today’s world is radically di...

11 September 2013 /payments /sibos

Miloslav Hoschek Freelancer at e-Silk Road, NGO

Global Trends 2030 A sad world vision publication of NIC

Global trends 2030: Alternative Worlds Economic growth might decline in “aging” countries. sixty percent of the world’s population will live in urbanized areas; migration will increase. food, Water, energy nexus demand for these resources will grow substantially owing to an increase in the global population. tackling problems pertaining to one co...

02 September 2013 /sibos

Retired Member 

PSD2 is published

The European Commission (EC)’ s long awaited proposal for a revised Payment Services Directive (PSD2) published on 24 July 2013, has been overshadowed by its proposal for the regulation of Multilateral Interchange Fees (MIF), announced concurrently. PSD2 has some very significant content. The PSD established a legal and regulatory framework for p...

26 July 2013 /payments /regulation

Retired Member 

Retail payments: Making the seconds count

It’s a common scene: a customer waiting patiently for a card transaction to be processed. In most cases it only takes a few seconds, but it can certainly seem longer. While some staff may try and fill this time with chatter, merchants should be working harder to make these moments count to actively build a relationship and engender customer loyalt...

22 July 2013 /payments /retail

Mark McMurtrie Independent Consultant at Payments Consultancy Limited

Are PIN Mailers still the best way to distribute PINs ?

Ever since banks started issuing credit and debit cards they also needed to supply customers with a PIN for cardholder verification purposes. These were for card usage at the ATM or POS terminal. The delivery method chosen was PIN Mailers. PIN mailers hide the PIN number with scratch-off or peel-back panels that highlights any attemps at tampering....

26 June 2013

Retired Member 

Payment Factories and Global Cash Visibility-Part One

I have discussed how Payment Factories can help improve efficiency by centralising payments. I’d like to examine in more detail how a Payment Factory can improve cash visibility across an organisation. When people hear the term “Payment Factory,” their immediate assumption is that this surely must be just about payments. And they’re mostly right, a...

19 June 2013 /payments