Global payments revenues fell at a compound annual rate of 7% from year end 2008 through 2010, according to US-based management consultancy Boston Consulting Group’s 10th annual payments survey, Global Payments 2011: Winning After the Storm. This decline in revenues came despite increases in overall volumes (up 5%) and values (+3%) during the same period. [...]
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I was travelling into the office today listening to my iPod on shuffle and marvelling at how scratchy and lo-fi Public Enemy’s Don’t Believe the Hype sounds these days, when I started playing with the device in my hands. Having been an initial sceptic about the iPod and asserting it was ‘just another walkman fad’ [...]
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I’m looking forward to the Banking Technology Roundtable tomorrow, sponsored by Logica, on the SEPA end dates debate and future strategies for the Single Euro Payments Area. Will the controversial end dates of Q4 2012 for SEPA Credit Transfers and Q4 2013 for SEPA Direct Debits envisaged by the EC be implemented or delayed for a [...]
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Mobile banking is the way of the future. At least, that is the conclusion of a recent study conducted by pollster Novametrie, and commissioned by the European Financial Management Marketing Association, Crédit Agricole, Microsoft and CapGemini Consulting. Based on a Pan-European survey of 5,000 online banking users and of about forty banking and mobile phone [...]
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In the same way that micro-credit – the extension of very small loans to low income individuals or businesses – started in developing countries before gaining traction in Western societies with people excluded from regular banking offerings, could poor countries also be showing the way in terms of mobile payment adoption? Mobile phone operator Orange [...]
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Just like last year and the year before, and well … the year before that, “contactless” was one of the main buzzwords at the 2008 Cartes trade show in Paris. And just like last year, vendors and card schemes have been boasting about their pilots and partnerships all over Europe, some involving mobile phones, others [...]
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Among the stories covered last month by the Banking Technology team for our Sibos Daily News sibling was the French Banking Federation’s reaction to a statement by the European Commission and the European Central Bank in early September, saying they would only support the idea of a multilateral interchange fee for Sepa direct debits for [...]
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In a recent report entitled SEPA: Banks are building it, but will customers come?, Celent analyst Enrico Camarinelli writes that the level of Sepa attention by corporate users is “very little, almost nonexistent.” He adds that the mandatory requirements of IFRS and Sarbanes-Oxley have put Sepa low on the corporate “to-do list.” Yet the crucial [...]
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After lamenting the lowest common denominator approach taken by Sepa and the loss of functionality of its credit transfer and direct debit instruments compared to existing domestic instruments, corporates are taking the matters in their own hands. Keen to avoid a “mini Sepa”, the French Association of Corporate Treasurers (AFTE) announced in its latest newsletter [...]
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