Payments

Andrew Bailey, Executive Director of the Bank of England, posted a letter to Gertrude Tumpel-Gugerell, Member of the Executive Board of the European Central Bank, on 8th June regarding the doubts the Bank has about TARGET2 for Securities (T2S).  The letter reads as follows: Dear Gertrude Settlement of Sterling-Denominated Securities Transactions on TARGET2-Securities (T2S) I…

I just used a cash machine that uses plain English. For example, rather than being a 'cash machine' or ''ATM', the bank refers to it as a 'Hole-in-the-Wall', and had this note on the screen: They didn't seem too happy when I rang up and said that someone had stolen the wall: No pleasing some…

I just used a cash machine that uses plain English. For example, rather than being a 'cash machine' or ''ATM', the bank refers to it as a 'Hole-in-the-Wall', and had this note on the screen: They didn't seem too happy when I rang up and said that someone had stolen the wall: No pleasing some…

Yesterday, I presented the second in a series of webinars focusing upon Global Bank Trends. The first presentation looked at these trends generally.  You can watch and hear the hour-long webinar by clicking here or view and download the presentation: The second presentation focused upon trends in mobile financial services, and covers key developments in…

There are loads of discussions about mobile financial services right now, not least at the Financial Services Club. For example, I recently received this presentation from Len Pienaar, CEO for First National Bank’s (FNB) mobile solutions in South Africa: Add this to the many other mobile financial stories and case studies reported already: ABSA (Mobile…

There are loads of discussions about mobile financial services right now, not least at the Financial Services Club. For example, I recently received this presentation from Len Pienaar, CEO for First National Bank’s (FNB) mobile solutions in South Africa: Add this to the many other mobile financial stories and case studies reported already: ABSA (Mobile…

There are loads of discussions about mobile financial services right now, not least at the Financial Services Club. For example, I recently received this presentation from Len Pienaar, CEO for First National Bank’s (FNB) mobile solutions in South Africa: Add this to the many other mobile financial stories and case studies reported already: ABSA (Mobile…

When I began talking to banks many moons ago, everyone referred to payments as “Money Transmissions”. Money Transmissions were the core service of the bank. Money Transmissions were payments, and Money Transmissions locked customers into the bank because of their high frequency and regular contact with the customer. Money Transmissions were the ultimate banking service…

Two things coincided today. The first is the great news that the European Commission is thinking about setting a SEPA end-date.  The second is another report I finally got around to reading which is the excellent Boston Consulting Group’s (BCG) payments analysis from the first quarter entitled: “Weathering the Storm”. The reason why the latter…

Two things coincided today. The first is the great news that the European Commission is thinking about setting a SEPA end-date.  The second is another report I finally got around to reading which is the excellent Boston Consulting Group’s (BCG) payments analysis from the first quarter entitled: “Weathering the Storm”. The reason why the latter…