In a dialogue the other day about payments infrastructures, and building on my comments that all payments innovations are rubbish because they sit on creaking and out-of-date legacy technologies, a colleague stated that it was over-egging the case to say that all the old infrastructures needed to be destroyed and rebuilt. They likened it more…
With the general frustration folks appear to have with bank fees – not sure why as banking has to cost something, doesn't it? – I just got wind of the new Currency Exchange for P2P transactions. Here's how it works: Or, if you prefer, in text form: "CurrencyFair is the people's exchange." For example, "Jim…
Here's my latest retail payments focused presentation. It's premise is that there's loads of innovation out there, with micropayments and iPhone apps being hotbeds of innovation for developed economies whilst microfinance and 2G GSM messaging being creative fields for developing economies. However, all of these innovations are just froth on the cake of the payments…
If you’re wondering what’s happening with SEPA (the Single Euro Payments Area) then this interview with Gilbert Lichter, Secretary General of the Euro Banking Association (EBA) and CEO of EBA Clearing, provides a good overview of the latest and greatest: Gilbert Lichter from Chris Skinner on Vimeo. The interview took place after our recent FSClub…
We had a great session at the FSClub the other day, discussing the views of the corporate client and their relationship with the bank. The panel consisted of a representative for corporate treasurers; a former head of treasury ops for a major technology vendor; and the head of epayments for a large, global bank. The…
It fascinates me when we talk about ‘identity’ that we always seem to think of identity management as being a single thing … but it’s not. First, there’s the use of identity for identification; second for authentication; third, for verification; and fourth for fulfilment. Then there are the many instances of providing and proving identification:…
I sometimes get unusual things in the email – no comments thanks – such as the full post-conference write up of a cards and commercial payments conference in the USA last month. Here’s a few quotes and notes that caught my attention … Marcie Verdin, Group Head of Large Market Segment, Global Commercial Products (why…
Just had a fascinating chat with Nick Ogden, founder and CEO of Voice Commerce and previously RBS WorldPay which is now part of RBS Global Merchant Services (GMS). As mentioned last week, Voice Commerce is one of the organisations bidding for RBS GMS, now that it is up for sale again, and this week was…
