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Payments systems visions, strategies, trends, pilots, forecasting, and planning for the short-, medium-, and far-term.
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On March 23, 2010, the Patient Protection and Affordable Care Act (PPACA) was signed into law. Section 1104 of the PPACA requires the adoption of operating rules for health care electronic funds transfers (EFT) and electronic remittance advice (ERA) transactions. The goal of section 1104 is to reduce the administrative burden on healthcare provi...
05 December 2012 /payments
The Parliamentary Commission on Banking Standards has been a hive of activity recently, gathering evidence from the chief executives of UK banks as well as key thinkers such as Sir John Vickers, who chaired the Independent Commission on Banking, and Andy Haldane from the Bank of England. The Commission is composed of a formidable array of talent f...
20 November 2012 /retail
Andres Fontao Partner at finnovista
I am recently back to Madrid from a week-long business trip to San Francisco. Despite working in the mobile financial services industry for the past 5 years, until this week I had never encountered a true opportunity to engage in native mobile payment and commerce transactions. Before arriving in San Francisco on Tuesday night, I could count with ...
19 November 2012 /payments
Some fascinating insights were revealed at the Sibos session “Placing your bets on mobile payments”. The panel included Dan Schatt from PayPal, Kelly Bayer Rosmarin from Commonwealth Bank Australia and Kiyoyuki Tsujimura from DoCoMo Engineering. Emmanuel Daniel from the Asian Banker prompted lively sparring between the panelists with some well-c...
05 November 2012 /payments
One of the most interesting sessions at Sibos on Wednesday looked at the impact of regulation on transaction banking, which would at first glance fall into the “boring, complicated and dull” category; however it was both fascinating and worrying. The session pitched two senior banking figures, Francesco Vanni d'Archirafi of Citi and Jaspal Singh Bi...
01 November 2012 /retail
Things I have learned in the first two days here at Sibos in Osaka. I encountered my first musical heated toilet seat; I learned that the ATMs here dispense coins, and I discovered that everything is incredibly expensive - a fact neatly illustrated by a stunned Financial Times staffer who discovered his room service club sandwich had set him back ...
30 October 2012 /payments /retail
The financial services industry has not faced so many difficulties since The Great Depression in the 1930s. The combined pressures of government legislation, regulation and low levels of customer trust are putting a spotlight on banks’ reputation and profitability. A wave of start-ups is looking to capitalise on this ‘anti-bank’ sentiment, with the...
25 October 2012 /payments
Cash don't disappear- that is a fact. Don't deny it. Or is it possible to replace cash with alternative low cost solution. For laymans terms, cash is low cost payment method. But as everyone who knows thing or two behind cash, it is expensive, hard to control and unreliable payment method- but so hard to replace. Over the centuries, cash payment ...
27 September 2012 /payments /retail
Check printing is expensive. It is time consuming, labor intensive, and comes with the added costs associated with paper stock, ink, and postage. There is no doubt that migrating to electronic payments can reduce costs and improve operational efficiencies. I often get asked though, what is the return on investment (ROI) for migrating checks to an e...
18 September 2012 /payments
In my recent blog article, “Why Outsource B2B ePayment Adoption?”, I conveyed the results from a recent SunGard study around B2B ePayments and why more and more organizations are opting to outsource the payments process. The study included 171 participants spanning a broad range of industry and revenue classifications, with 48% of the respondent...
04 September 2012 /payments
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