- December 13, 2012
- Newsletter
Mobile Reaches Tipping Point? – Industry News – Issue 28
As 2012 draws to a close what has occurred this year in the payments industry? Certainly the continued economic uncertainty has been a key limiter in banking and payments but at PayX we have seen pockets of exciting innovations driving smart new revenues which we
- December 12, 2012
- Global Payments Knowledge
Decreasing Volume-Increasing Value
According to a recent Gartner Press Release “The Top 10 Strategic Technology Trends for 2013” we are in the middle of a race to the unknown future of payments applications. There is no clear goal, no clear steps and the most important insufficient people. Therefore all
- December 10, 2012
- Business
You want to think Outside the Box ….. Then get Outside the Box
Have you noticed it? I’ve been into countless financial service organisations and a recurring theme I’ve observed in practically all of them is that where staff come together (canteen, seminar, Christmas parties, etc.) and even generally around the office there is a tendency for the
- December 7, 2012
- Business
What’s the Incentive in being a Super Achiever?
Is there any real incentive? As a general rule, though I accept there are exceptions at a corporate level and for certain sections of employees, most financial services companies will cap bonuses and use prior year performance as the measure for the following year’s performance
- December 4, 2012
- Technology
Mainframes – the Unsung Heroes of Payments
I came across an article the other day on a Mainframe Site by Marcel den Hartog called ‘Why do mainframe applications run FOREVER?!?’ I feel it is worth sharing with all those young guns out there. To quote Mr den Hartog “We simply don’t make
- December 3, 2012
- Global Payments Knowledge
Price Transparency in Banking
Don’t let anyone tell you different, price transparency in Banking has come on a long way since my early experiences as a teenager in banking in the 1970’s. I recall being invited to take the printout of business customers into the manager’s office at one
- November 29, 2012
- Interchange
Card Issuers don’t refer for the fun of it
Both of the international card schemes Visa and MasterCard, include in their impressive array of member fee tariffs an assessment fee for Issuers that breach a percentage threshold of authorisation referral responses to authorisation requests received. The percentage is 0.5% but that is incidental. Both
- November 27, 2012
- Digital Payments, Global Payments Knowledge, Payment Research, Strategy
Does Payments Innovation Really Need To Take 10 Years?
Last week I was lucky enough to present my thoughts on Payment Trends at the CAC Card Academy event down in Oslo. For those of you who don’t know this was the last in a series of conferences which focus on Payment Card matters in the
- November 27, 2012
- Global Payments Knowledge
Do Legacy Systems not allow for the ‘Intelligence’ of ATMs?
As part of the recent migration programme I was on, a significant part of that programme was to migrate and upgrade the ATM estate for a UK Banking group. The ATM estate had to be upgraded due to its age, outdated communications, and the need
- November 23, 2012
- Interchange
Multilateral or Bilateral Interchange Fees? – The Good? The Bad? The Ugly?
The regulatory position on interchange fees in Europe over the last 5/10 years has shifted significantly. Whereas in the 1990’s and as late as 2002 the competition authorities gave the international card schemes clearance when they filed their interchange fee arrangements (albeit the latter one