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  • Aggregation Services Will Save Money

    Aggregation Services Will Save Money

    Monday, July 18, 2016

    Payments used to be so simple. You went to your bank, gave them your money and sometime later it would arrive at the beneficiary, albeit not necessarily always intact in value. But the world has changed rapidly over the past decade as new payment providers have been offering services to targeted markets and customers. Their services have been more relevant to the end user than the generic products that many banks have continued to offer.

  • Payments Fraud Survey 2016 Reflection

    Three things that it takes to be in the Fraud Management Business in 2016; a survey reflection

    Wednesday, July 13, 2016

    On the heels of ACI’s latest Consumer Fraud Survey, recurring questions have continued to solidify themes. Let me summarize the results for you: There is incrementally more card fraud, consumers are not changing their behavior all that much in reaction to it, and they expect any issues to be addressed and resolved more easily today than in years past. Of course, this is about what we should be anticipating in our “always on”, service and convenience oriented, mobile world. So, with that said, here’s what fraud management means to consumers and fraud managers in 2016.

  • How Will You Pay for Your…Cake by the Ocean?

    How will you pay for your…cake by the ocean?

    Monday, June 27, 2016

    Ahh, summer. I don’t have that summertime, summertime sadness nor do I like the Motel’s Suddenly Last Summer. But with summer now in full gear, I am one to wax poetic about spending those countless days of younger yore in Newport (and Middletown), RI, while my Rantings cohort has been a long-time (part-time) resident of Cape Cod. But we’re not here to debate which beaches are better (because there’s no debate that RI’s beaches are superior, though Welfleet’s Beachcomber is among my favorite all-time summer bars). We’re here to rant about more prudent topics…like bucket lists, not buckets full of delicious steamers; in this case, we’re referring to summer fintech bucket lists (or perhaps summer fintech wish lists).

  • Immediate Payments Rise

    Immediate payments tide continues to rise

    Thursday, June 23, 2016

    I recently had the pleasure of participating on an unusually high caliber payments discussion panel, sponsored by BayPay Forum, a Silicon Valley-based payment industry group. The Forum organizes some great events, most of which combine social networking with industry education on emerging payments trends. 

  • Immediate Payments: How fast is too fast?

    The impact of faster payments on ACH and wire revenue

    Wednesday, June 22, 2016

    At the recent ACI Exchange conference, there was a lot of discussion around immediate payments.  Very often the conversations focused on the business case and the potential revenue impact to the existing payments types – ACH, wire and cards.

  • winding road

    Changing the payments trajectory

    Friday, June 17, 2016

    There are a few times each year where my inner geek is on full ‘geekdom’ display. 

  • The New Payment Ecosystem

    The new payments ecosystem: fast, open and disruptive

    Wednesday, June 15, 2016

    Sitting at the PayExpo event in London last week, you could feel the excitement that the payment industry is generating. Slightly weird feeling when I remember telling friends 15 years ago about payment trends (as you do) and watching their eyes glaze over. Now mobile wallets such as Apple/ Samsung Pay or AliPay; Fin-Tech payment intermediaries such as Transferwise or HiFX; sharing economy evangelists such as AirBnB or Uber; challenger banks like Mondo or Atom Bank—they’re making payments trendy, exciting and relevant to all.

  • Can payments really be simple? Depends on whom you ask.

    Can payments really be simple? Depends on whom you ask.

    Friday, June 10, 2016

    According to the experts from Merriam-Webster, the definition of “simple” is fairly, well, simple to understand: 

  • Over 2/3 of Asian Payment Players See Their Business Being Disrupted By New Technologies and Entrants

    Over 2/3 of Asian payment players see their business being disrupted by new technologies and entrants

    Thursday, June 09, 2016

    One of the benefits of working for a global company is the ability to speak to clients and colleagues from all over the world. During one of our lively discussions we talked about the commonalities across the globe and the differences. We decided to start testing our hypothesis – that banks, merchants and financial intermediaries have more in common in different locations than they tend to think. Of course, local culture, practices and languages are different but the big strategic forces they are facing are the same.

  • Recent S&P 500 churn proves that the only constant is change!

    Recent S&P 500 churn proves that the only constant is change!

    Tuesday, June 07, 2016

    Innosight’s latest Executive Briefing, Corporate Longevity: Turbulence Ahead for Large Organizations, recently caught my attention. Its report states that over half of the companies currently listed on the S&P 500 are expected to be replaced in the next 10 years.