This is one of the most important services of modern society, but it’s also one of the least understood. This podcast was recorded on Feb. 29, 2016. Imagine owning Amazon.com (up over an insane 4,000% since 2001) when Internet sales rendered big-box retailers obsolete... Now an industry 99% of us use daily is set to implode... And 3 established companies are positioned to take advantage. Click http://bit.ly/1zQXjzy for a stunning presentation. ------------------------------------------------------------------------ Subscribe to The Motley Fool's YouTube Channel: http://www.youtube.com/TheMotleyFool Or, follow our Google+ page: https://plus.google.com/+MotleyFool/posts Inside The Motley Fool: Check out our Culture Blog! http://culture.fool.com Join our Facebook community: https://www.facebook.com/themotleyfool Follow The Motley Fool on Twitter: https://twitter.com/themotleyfool
Views: 1184 The Motley Fool
Travis Dulaney, CEO & Co-Founder of Push Payments explains how real-time payments will revolutionize the payments industry and support the needs of the on-demand world in the near future. -- Push Payments is one of the first real-time payments processors in the U.S. They enable merchant service providers, processors, banks, and fintechs to cost effectively move money between bank accounts in real-time, with flexibility, precision and 24x7x365 availability.
Views: 164 PayFi
Starting from the observation that the payments industry is dominated by the oligopoly of Visa, MasterCard and American Express, Gaby Lapera and John Maxfield talk about why it seems to be so prone to disruption. This podcast was recorded on Feb. 29, 2016. Imagine owning Amazon.com (up over an insane 4,000% since 2001) when Internet sales rendered big-box retailers obsolete... Now an industry 99% of us use daily is set to implode... And 3 established companies are positioned to take advantage. Click http://bit.ly/1zQXjzy for a stunning presentation. ------------------------------------------------------------------------ Subscribe to The Motley Fool's YouTube Channel: http://www.youtube.com/TheMotleyFool Or, follow our Google+ page: https://plus.google.com/+MotleyFool/posts Inside The Motley Fool: Check out our Culture Blog! http://culture.fool.com Join our Facebook community: https://www.facebook.com/themotleyfool Follow The Motley Fool on Twitter: https://twitter.com/themotleyfool
Views: 1411 The Motley Fool
How Credit Card Processing Works : http://www.bancardsales.com How Does Credit Card Processing Work ►►If you're looking for a way to collect payments online, this is the Best Payment page builder that I have found: http://bit.ly/2S10S7J This video explains how credit card payments are passed from the cardholder to the merchant bank account. Included in the video is the transaction cycle, and a detailed explanation of the two main pricing models. If you've ever wondered: How Does Credit Card Processing Work? How To Process Credit Cards? How Credit Card Processing Works? How To Accept Credit Card Payments At Your Business or Understanding the transaction flow, then you'll want to watch this video. It's part of a credit card processing basics video series so be sure to check back for more updates and additional videos in the series. Additionally, you can check out http://www.bancardsales.com for more tips and tutorials on how merchant account processing works. https://www.youtube.com/watch?v=avRkRuQsZ6M
Views: 426147 BancardSales
Presentation from David Brown, Head of Payments GSC APAC, Finastra at The Point 2018 Payments NZ conference June 2018.
Views: 405 Payments NZ
A world where all you need to make a purchase is the sound of your own voice isn’t so far away. CNBC’s Elizabeth Schulze reports from the Money 20/20 conference in Amsterdam. ----- Subscribe to us on YouTube: http://cnb.cx/2wuoARM Subscribe to CNBC Life on YouTube: http://cnb.cx/2wAkfMv Like our Facebook page: https://www.facebook.com/cnbcinternational Follow us on Instagram: https://www.instagram.com/cnbcinternational/ Follow us on Twitter: https://twitter.com/CNBCi
Views: 15780 CNBC International
Chapter 1: The challenges facing the payments industry
Views: 5104 The Banker
Learn about financial crime prevention in the payments industry by visiting: http://www.ACIworldwide.com Jasbir Anand discusses how some of the current weaknesses in payment systems are exploited by fraudsters, and why institutions need an Enterprise Fraud Management strategy. The more sophisticated customers have started to almost do the reverse of what a fraud rule does. In the past, people would write conditions to try and recognize fraud. So, this is a high risk purchase, in a high risk country. Our most effective customers have started to almost write rules for the opposite of that, which is to try and recognize good behavior. So, identify customers that travel frequently. Identify customers that usually have high risk purchases, and filter those customer transactions out, again in an effort to reduce the overall false positive rate. I think, with the implementation of chip and PIN technology now, there's going to be a greater requirement to start to decision higher risk transactions while still allowing customers to transact. And, as many examples of really effective strategies that our customers have deployed. For example, they can start to leverage location-based information from an online transaction. Compare that to a credit card or debit card transaction. And, identify if the probability of that customer being in those locations is even viable. So, the flexibility of the solution allows you to implement rules and conditions that are not limited to the analytics that are delivered with the solution, but in fact allow our customers to be ingenious and create new and effective strategies to stop fraud and mitigate risk, while still keeping the customer as the central focus. Yes. What it means is that you are actually making decisions for that customer based on all of their transactions across all the channels as opposed to simply looking at their behavior across the debit card channel or the credit card channel or online channel, independently. So, that's a step towards an enterprise fraud decision solution that allows you to, not only recognize the behaviors of the customer across the channels, but then also identify anomalous transactions very effectively, by realizing if the behavior is simply a movement across one channel, or is a net new transaction. So, for example, a customer pays their bills at the branch, and then starts to use online banking. If you only looked at it from the perspective of online banking, it would look like net new high risk behavior. But, understanding that it's normal behavior that's transitioned from the branch to the online channel, allows us to identify it as normal customer behavior and prevent false positives from being created. Mobile banking is a new transaction channel. If the customer has ? in place, he can leverage that same solution, add the mobile banking transactions to the solution and start to protect that channel from fraud. ACI Analytics are behavior-based analytics, that store information forever. We store information in something called the profile. A profile is simply a statistical representation of behavior. So, for example, the average amount taken out in an ATM could be a profile-based variable. We can store that variable over a month, a week, or a year, and use that variable to compare against the current transaction. Now, maintaining behavior-based profiles allows us to quickly identify transactions that are anomalous to profiles. A rule, for example may say, if the transaction amount is $500 and this is the first time that you've used an ATM, that's high risk. A profile variable would compare that high risk transaction to known past behaviors. So, if this customer has a propensity of normally taking out $500 at new ATMs, it's not as high risk as if a customer always uses the same ATMs and generally only takes out $200. So, by comparing via a combination of both rules and behavior-based analytics, we provide the best of both worlds or the best capability to really focus in and zero in on the transactions that are most suspicious. The secure business line is releasing capability solutions. Capability solutions are really a combination of products that are geared towards solving a particular business problem. SUBSCRIBE HERE TO SEE MORE GREAT VIDEOS ► http://www.youtube.com/subscription_center?add_user=ACIWorldwide SUBSCRIBE TO PODCAST CHANNEL ► https://itunes.apple.com/gw/podcast/aci-worldwide-podcast-series/id820468115?mt=2 CONNECT WITH ACI WORLDWIDE Facebook ► https://www.facebook.com/aciworldwide Twitter ► https://twitter.com/aci_worldwide LinkedIn ► https://www.linkedin.com/company/aci-worldwide Google+ ► https://plus.google.com/+Aciworldwideinc/
Views: 559 ACI Worldwide
Join industry leaders, innovators and challengers at Canada's largest payments conference!. The 2018 SUMMIT is the forum to connect the payments ecosystem, offering a broad spectrum of topics that influence payments in Canada and around the world. To register, please visit thesummit.ca
Views: 140 Payments Canada
A diverse group of industry stakeholders has proposed a framework, the U.S. Faster Payments Council, to help remove barriers to a ubiquitous , world-class faster payment system in 2020. Visit https://fedpaymentsimprovement.org/faster-payments/faster-payments-governance/ to learn more and provide feedback.
Views: 1390 FedPayments Improvement
Ron Kalifa discusses the current state of payments and PSD2 requirements and shares his recipe for success for payment service providers. Examining the payments industry and what the future holds for this ever-changing landscape has always been on the top of our mind. When producing this year’s MPE Berlin video report, we interviewed some key opinion leaders to understand their thoughts about the current state of the payments sector. We’d like to share our discussion with Ron Kalifa, a renowned personality in payments, who talked about the complexities of the current landscape and the recipe for success for payment solutions providers (PSPs). Learn more: http://blog.payvision.com/current-state-payments-industry/ Don't miss our 2017 MPE video report: http://blog.payvision.com/payments-trends-takeaways-mpe-berlin-2017/ Keep up with Payvision's latest achievements and current focus: http://blog.payvision.com/payvision-groups-latest-achievements-current-focus/ Find out more about our products: http://www.payvision.com/
Views: 419 Payvision
Complete report is available @ http://www.rnrmarketresearch.com/the-us-cards-and-payments-industry-emerging-opportunities-trends-size-drivers-strategies-products-and-competitive-landscape-market-report.html . The US card payments channel registered marginal growth during the review period (2008--2012). The nation's positive economic outlook, need for more sophisticated prepaid and charge card products, popularity of online and mobile shopping, and an increase in per capita income supported the growth. During the review period, the channel's market size increased at a CAGR of 1.79% in volume terms to reach 1.5 billion cards in circulation in 2012.
Views: 4 Paul Thomas
Senior Product Manager of Next Generation Payments at PayPal, Nitin Prabhu discusses why the online payments industry in the United States is underdeveloped. While most European and Asian countries require a secure password when transacting online through credit cards (3D secure), the United States does not follow the same system. Many countries already use a secure chip on credit cards to encrypt information before storing it. However, the United States is still in the process of implementing this technology - although it was discovered three decades ago.
Views: 171 itusj
What does the future hold for the payments industry this year? Innovative technologies and evolving consumer behaviors have laid the foundations for an exciting 2018. This video explores what might be in store for mobile payments, wearables, ATMs, biometrics and much more.
Views: 821 TheTNSInc
The Center for Financial Professionals hosted a Payments Forum in February 2018, at this event, we interviewed some of our key presenters for their insight into what the future holds for the Payments industry. Interview with: Craig Ramsay, Global Head of Innovation, GLCM, HSBC, Scott Manson, Head of Strategy for Payments and Banking Products, Nationwide Building Society, Caitriona Whelan, Head of Industry Engagement and Payment Change, NatWest, and Marco Marocco, Head of Market Services Division, Intesa Sanpaolo.
Views: 78 Center for Financial Professionals
Why is U.S. Copying China's WeChat For Mobile Payments? U.S. companies looking to copy success of Chinese social media and e-commerce blend. Scott Schober is a #cybersecurity and wireless technology expert, author of Hacked Again, host of 2 Minute CyberSecurity Briefing video podcast and CEO of Berkeley Varitronics Systems who appears regularly on Bloomberg TV, Fox Business & Fox News, CCTV America, Canadian TV News, Al Jazeera America, Arise TV as well as CNN, CBS Morning Show, MSNBC, CNBC, The Blaze, WPIX as well as local and syndicated Radio including Sirius/XM & Bloomberg Radio and NPR. Twitter: @ScottBVS Follow: https://www.linkedin.com/in/snschober Website: www.ScottSchober.com www.HackedAgain.com
Views: 63057 Scott Schober
Jayant D’Mello, Director – Sales & Marketing, Hitachi Payment Services, speaks on the payments industry-the changes, challenges and the road that lies ahead
Views: 252 Adfactors PR
David Hogan, Executive Technology Advisor, National Retail Federation, discusses trends in the U.S. payments industry in this Smart Card Alliance Expert Series interview. Mr. Hogan outlines key driving issues for the payments industry in the next two to three years. Mr. Hogan concludes by offering his perspectives on the key issues and opportunities that merchants are looking at for their payments infrastructure. This video is one of a series of interviews that are part of the Smart Card Alliance Expert Series.
Views: 141 Smart Card Alliance
In this webinar, Deluxe Executive Director of Payments & Transactional Solutions, Chris Clausen, takes you through the many different changes in the payment industry and how they are going to impact or may already be impacting your business.
Views: 424 Deluxe Corporation
Senior Product Manager of Next Generation Payments at PayPal, Nitin Prabhu explains why the online payments industry in the United States is underdeveloped. He explains the complete cycle of payments - from the initial sale to the point of collection. He points out that one of the key differences between the payments industry in the United States and several other countries is the interchange rates. These are the fees charged by issuing banks. Lower interchange fees ensure that merchants receive a higher net amount for the merchandise they've sold. The United States has high interchange fees; so the net amount of money that merchants receive is much lower.
Views: 39 itusj
Chapter 2: Digitalisation and disintermediation in the payments industry - The Payments industry in transformation
Views: 4484 The Banker
Electronic Transaction Association CEO Jason Oxman sits down with "Squawk Box" to discuss how contactless payments are affecting the retail industry. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC
Views: 433 CNBC Television
This was first presented at the July 2018 FintechTO. In this presentation, Mike shares an overview and his insights into Canada's Payments Industry. What do you think of what Mike had to say? Tell us by leaving a comment. For videos of more presentations, visit: https://www.youtube.com/c/techtorontoorg Follow us on Twitter: https://twitter.com/techtorontoorg
Views: 115 TechToronto.Org
ACI combines a global perspective with local presence to tailor solutions for each customer. With more than 4500 employees worldwide and offices in principal cities around the globe, ACI now has one of the most diverse and robust product portfolios in the industry, with application software spanning the length of the payments value chain. Visit: http://www.ACIWorldwide.com ------ MORE ABOUT ACI-------- ACI's proven products, domain expertise and 35 years’ experience have earned us a position as a trusted provider of gold standard payment solutions. If there’s one thing we've learnt in our years as a leading provider of mission-critical payments and banking software solutions, it’s that explosive growth calls for extraordinary teamwork. Continuous expansion means we are always on the lookout for exceptional people to join our team. Todd Hathhorn: When I started with ACI back in 1987 there were about 230 of us all located right here in Omaha, Nebraska. Now, there's about 4,000 of us, we're spread in 40 different offices all around the world. Aletta Visagie: Our company culture has stayed as one that cares about their employees. It has still has a very small company feel to it. Florin Cuc: You need to be small enough to be effectful and large enough to be able to invest. Todd Hathhom: This really allows us to opportunity and potential that we just couldn't have seen from one centralized location. Ramona Balell: ACI's continuous growth brings new perspectives, fresh ideas that lead to a change in everyone's mind set. Of course, it is a challenge for all of us to find the common ground. But this is a must thing to move forward and progress. Geoff Jamieson: And what's interesting about that means you bring in people from different cultures, often different countries. Aletta Visagie: We enjoy having fun at work. We enjoy making friends and we enjoy working all together as well. Rachel Van Eyk: Everybody comes from a different attitude, a different culture and different beliefs and that is just fascinating, and you learn so much from working with that diverse audience. Geoff Jamieson: We have people who are experts in each sphere of the payments industry. So, we draw on each other's expertise and we get to work with some very fascinating people. ACI Worldwide software powers electronic transactions for financial institutions, processors and retailers around the world - all the time, without fail. SUBSCRIBE HERE TO SEE MORE GREAT VIDEOS ► http://www.youtube.com/subscription_center?add_user=ACIWorldwide SUBSCRIBE TO PODCAST CHANNEL ► https://itunes.apple.com/gw/podcast/aci-worldwide-podcast-series/id820468115?mt=2 CONNECT WITH ACI WORLDWIDE Facebook ► https://www.facebook.com/aciworldwide Twitter ► https://twitter.com/aci_worldwide LinkedIn ► https://www.linkedin.com/company/aci-worldwide Google+ ► https://plus.google.com/+Aciworldwideinc/
Views: 152 ACI Worldwide
Looking to Do Business in China? #AskGaryVee Show with students from Shanghai Tech University and my brand team from China has a lot of interesting insights in here. Follow me on: Weibo: http://weibo.com/GaryVee Youku: http://i.youku.com/GaryVee -- Questions: QOTD: When you think of the Asian Tech Ecosystem, what are the first things that come to mind? 2:05: Why Entrepreneurship & Science doesn't combine well in the Bio Industry? What is the most promising opportunity in the Bio Sector over the next decade? 5:30: How to Compete with big companies like Google? 8:00: Best Advice for Students who don't know what they want to do in the future? 11:10: How to predict the future and identify trends? 13:30: Why Mobile Payments in China are way bigger than in the US? 16:00: How do you gain support for an unpopular decision? Thank you for watching this video. I hope that you keep up with the daily videos I post on the channel, subscribe, and share your learnings with those that need to hear it. Your comments are my oxygen, so please take a second and say ‘Hey’ ;). -- ► Subscribe to My Channel Here http://www.youtube.com/subscription_center?add_user=GaryVaynerchuk -- Gary Vaynerchuk is a serial entrepreneur and the CEO and founder of VaynerMedia, a full-service digital agency servicing Fortune 500 clients across the company’s 5 locations. Gary is also a prolific public speaker, venture capitalist, 4-time New York Times Bestselling Author, and has been named to both Crain’s and Fortune’s 40 Under 40 lists. Gary is the host of the #AskGaryVee Show, a business and marketing focused Q&A video show and podcast, as well as DailyVee, a docu-series highlighting what it’s like to be a CEO, investor, speaker, and public figure in today’s digital age. Make sure to stay tuned for Gary’s latest project Planet of the Apps, Apple’s very first video series, where Gary will be a judge alongside Will.I.Am, Jessica Alba, and Gwyneth Paltrow. ---- Follow Me Online Here: Instagram: http://instagram.com/garyvee Facebook: http://facebook.com/gary Snapchat: http://snapchat.com/add/garyvee Website: http://garyvaynerchuk.com Soundcloud: http://soundcloud.com/garyvee/ Twitter: http://twitter.com/garyvee Medium: http://medium.com/@garyvee Planet of the Apps: http://planetoftheapps.com Podcast: http://garyvaynerchuk.com/podcast Wine Library: http://winelibrary.com Official Merchandise: http://garyveeshop.com Subscribe to my VIP Newsletter for exclusive content and weekly giveaways here: http://garyvee.com/GARYVIP
Views: 44584 GaryVee
Mobile wallets have changed the way we do transactions in our country. Demonetisation certainly helped and now we have mobile wallets like Paytm, Freecharge and Mobikwik register a soaring growth. NPCI has come up with schemes like UPI or United Payment Interface and BHIM app making it even harder for consumers to choose. And now even the mobile wallets are becoming payment banks. Digtal payment Industry in India is changing at a very fast pace and all these new terms like payment bank, IMPS, UPI, BHIM etc. can confuse the best of us. In this video, I have tried to answer questions like What are Mobile Wallets? What are the types of digital wallets? What are the transaction limits and charges and Which is the best Mobile wallet to choose from so many options like Paytm, Freecharge, Mobikwik, Jio Money, Airtel Money, Oxigen Wallet, PayU money etc. The aim of this video is to compare, analyse and understand the working of mobile wallets so that viewers and consumers can make an informed decision. Airtel Money has already opened their Payment Bank while Paytm and Freecharge are soon going to transfer their wallet business to Payment Banks. Narendra Modiji launched BHIM app to promote the digital India campaign thereby offering a better alternative to the mobile wallets. This video gives an overview of Payment Banks , UPI or United Payments Interface and also explores the road ahead for Mobile wallets after the introduction of UPI and BHIM app. Digital is certainly the future and as Vijay Shekhar Sharma, the CEO of paytm righly said"We will change the way banking is done". 00.00- Indtroduction 01.20- What are Mobile Wallets? 02.32- Types of Mobile Wallets? 04.30- What are Payment Banks? 05.00- Merits and Demerits 06.10- FAQ 07.00- Transaction Limits and Charges 09.00- Top 5 Wallets 10.30- What is UPI?? 12.00- Are Mobile Wallets relevant? 12.34- End
Views: 28513 Easy Solutions
Hear Stephen Ferry's thoughts on what 2017 will hold in the latest instalment of our future gazing campaign.. For more information, visit http://www.capita.com/sectors/banking-and-financial-services/ Follow us on LinkedIn http://www.linkedin.com/company/capita
Views: 506 Capita plc
If you are looking for a new opportunity, watch this video to see how working for North American Bancard can benefit your career. North American Bancard offers merchant account services and credit card processing to over 110,000 satisfied small and mid size businesses annually.
Views: 1576 Jeff Alderman
Longtime payments industry executive Mark Waring sits down with GLG (Gerson Lehrman Group) to discuss digital wallets, mobile payments, and the future of branded credit cards. Mark Waring is the former Director of Global Merchant Solutions at PayPal. Prior to this, Waring spent spent more than 25 years with First Data, a global technology leader in information commerce. Waring most recently served as a Sales Executive at Apigee, a top provider of API (application programming interface) technology and services. He is an authority on global payments innovation trends—especially digital and mobile. Subscribe to the GLG Channel: https://www.youtube.com/user/GLGit Connect with GLG (Gerson Lehrman Group) Online: Visit our Website: http://glg.it Follow us on Twitter: http://twitter.com/glg Find us on LinkedIn: http://linkedin.com/company/glg Like us on Facebook: http://facebook.com/glg Connect with us on Instagram: https://www.instagram.com/lifeatglg/
Views: 302 GLG (Gerson Lehrman Group)
Now there is no excuse. Mobile payments are upon us as every major smartphone operating system and platform will have the capability to make a payment by years end. The latest is Google’s announcement of Android Pay at Google IO. We take this opportunity to lay out the main players – both in software and hardware – as it finally looks like the earth will be blanketed by the tech to enable mobile payments. The question is when do the consumers latch on…
Views: 145 untether
Nearly half of U.S. and Canadian businesses are still writing paper checks. Why? These fifteen senior financial executives from various industries answer that question, share their experiences in moving from checks to CSI electronic payments and offer advice for those who are reluctant to make the change. About CSI CSI provides innovative payment solutions to world-leading brands. Highly secure and award-winning financial payment products include CSI Paysystems, CSI Travel, CSI Go mobile application, CSI Connect API development, and global-fleet fuel cards. CSI’s products reduce costs and increase profits in all areas of B2B payments, including accounts payable, business travel spending, and fuel purchases. Customers can automate 100% of their global B2B payments through virtual credit card, proprietary network, ACH, check, or FX with cross-border payments settled in local currency. CSI is a certified Mastercard processor and has obtained Visa Ready for Business Solutions approval. Connect with CSI online: Website: https://www.corporatespending.com Connect with CSI on Social: Twitter: https://twitter.com/CorpSpending Instagram: https://www.instagram.com/corporatespending LinkedIn: https://www.linkedin.com/company/csi-corporate-spending-innovations
Views: 4090 Corporate Spending Innovations
ACI payments experts talk about how developments in different regions of the world can bring benefits to our customers worldwide. http://www.ACIWorldwide.com Felitas Aguilar: What we are seeing in the industry is this trend to push the teller to seller. So, where the banks are improving their efficiency and reducing the costs by consolidating the talents and making sure that the talents that were in the past used for one thing, now can be used for multiple things. Bernard Delahaye: I believe that there is a lot to learn from what is happening on what is called SEPA, which is a single Euro payment area. Actually, there are already initiatives to take the lessons from EMEA into a more international space. In that case, that initiative is called IPFA, which is the International Payment Framework. And it's actually using the type of standards and formats that have been created for the SEPA regulation, and take that cross boarder on an international base. As in banks, payment systems have grown in silos, actually payment systems have also grown very nationalistic around Europe in their own payment infrastructure. And they are very different from the French or the German infrastructure. So there is a significant need and effort to harmonize these systems. As people move around the European community, payments need to happen in a much more easier and similar fashion in the different countries. Jean-Michel Schneider: France has always been a very nationalistic kind of market. And as you know, the European borders are falling down. So the concept of "this my own market, this is my own backyard and it's mine and I keep it like this "will disappear. All the European are going to be facing this same situation. And France is not going to be capable to avoid it. Jeremy Wilmot: Asia is a very different market from the Western world. And it is many different markets in itself. Japan is probably the market that is closest to the U.S. in terms of size and in terms of the way they do things, in terms of a very process driven, logical way forward. And as we move forward, we'll see over the next 20 years that Asia will become an economic lock in its own right. And I think a lot of the lessons that we're learning in Europe, from SEPA and the Single Euro Payment Area will benefit ACI in terms of how we deal with the banks in the Asian region. One of the big differences with Asia is the large population in that part of the world and the prevalence of mobile technology, mobile phones in that part of the world as well. So across India, China and Indonesia, the number of mobile handsets in those countries is higher than the number of people who are banked. As a result mobile technology is going to be the key channel for banking services and payment services in those markets. Bernard: Tapping into the unbanked population is a tremendous opportunity for the financial institutions to provide services to the un-banked. And if the financial institutions don't do it, somebody else will do it. An example of that has been a project conducted in Kenya called Mpesa, where people exchange money using their mobile phones and the Telco[. So in that case the banks didn't move fast enough and therefore the Telcos moved very quickly. Jeff Hale: Most of the new payment initiatives actually generate outside of the United States. I think absent, maybe the check. Everything else started somewhere else. Notably in our business, the debit card and all the different iterations of that started in different parts of the world. It's pretty cool for us to take a bank, say in the U.S., and say we are experts in debit card processing, when they didn't really know much about that. Because it wasn't part of its topology of the payments business in the U.S.. The most sophisticated market in Latin America is clearly Brazil. And Brazil has done some amazing things at ATM's and with card technologies. But they've done it on a very proprietary basis. A lot of technology was built by the banks or built by in-country technology providers that may not be that big or have that many experiences. SUBSCRIBE HERE TO SEE MORE GREAT VIDEOS ► http://www.youtube.com/subscription_center?add_user=ACIWorldwide SUBSCRIBE TO PODCAST CHANNEL ► https://itunes.apple.com/gw/podcast/aci-worldwide-podcast-series/id820468115?mt=2 CONNECT WITH ACI WORLDWIDE Facebook ► https://www.facebook.com/aciworldwide Twitter ► https://twitter.com/aci_worldwide LinkedIn ► https://www.linkedin.com/company/aci-worldwide Google+ ► https://plus.google.com/+Aciworldwideinc/
Views: 193 ACI Worldwide
U.S. Bank's Jennifer Swenson and GBTA's Nancy Tudorache chat about the benefits and barriers of virtual payments at GBTA Convention 2016.
Views: 170 GBTATV
Dec.04 -- Bill Clerico, WePay's chief executive officer and co-founder, discusses being acquired by JPMorgan Chase & Co., the future of the payments industry and WePay's work with crowdfunding. He speaks with Bloomberg's Emily Chang on "Bloomberg Technology."
Views: 1558 Bloomberg Technology
http://www.capgemini.com/financialservices Mark Buitenhek, Global Head of Transaction Services, Products and Channels at ING tells us about the payments market challenges, their relationship with Capgemini and the benefits of working with them.
Views: 378 Capgemini
With staggeringly wide margins, companies are pining to disrupt the payments industry. This podcast was recorded on Feb. 29, 2016. Imagine owning Amazon.com (up over an insane 4,000% since 2001) when Internet sales rendered big-box retailers obsolete... Now an industry 99% of us use daily is set to implode... And 3 established companies are positioned to take advantage. Click http://bit.ly/1zQXjzy for a stunning presentation. ------------------------------------------------------------------------ Subscribe to The Motley Fool's YouTube Channel: http://www.youtube.com/TheMotleyFool Or, follow our Google+ page: https://plus.google.com/+MotleyFool/posts Inside The Motley Fool: Check out our Culture Blog! http://culture.fool.com Join our Facebook community: https://www.facebook.com/themotleyfool Follow The Motley Fool on Twitter: https://twitter.com/themotleyfool
Views: 205 The Motley Fool
Chapter 4: Market infrastructures: are they fit for purpose? - The Payments industry in transformation
Views: 3461 The Banker
The purpose of this white paper is to present the SGPay tokens to potential token holders in connection with the proposed token launch. The information set forth below may not be exhaustive and does not imply any elements of a contractual relationship. Its sole purpose is to provide relevant and reasonable information to potential token holders. Nothing in this white paper shall be deemed to constitute a prospectus of any sort or a solicitation for investment, nor does it in any way pertain to an offering or a solicitation of an offer to buy any securities in any jurisdiction. Keywords: sagepay,sagepay woocommerce,sagepay tutorial,sagepay integration,sagepay form integration example,sagepay payment gateway integration in php,sagepay integration with sage 50,sagepay sign in,sagepay website integration,sagepay debit orders,sagepay online payments,sgpa vs gpa
Views: 36 The World
http://goo.gl/9eiVB5 Irish payment cards registered positive growth during the review period (2009–2013), recording a compound annual growth rate (CAGR) of 3.75%, to reach 6.3 million cards in circulation by the end of 2013. Improvements to banking infrastructure such as the increased installation of point-of-sale (POS) terminals in merchant outlets drove the growth. In terms of transaction value, payment cards valued EUR49.1 billion (US$65.1 billion) in 2013, after registering a review-period CAGR of -0.22%. However, it is expected to expand over the forecast period (2014–2018), at a CAGR of 3.23%. In terms of transaction value, debit cards accounted for a 77.9% share in 2013, which is expected to rise further over the forecast period.
Views: 8 MarketResearchStore
Medhat Iskander from BPC Banking Technologies speaks about the key disruptive trends affecting the industry, and the key challenges they and their customers have faced in 2016 so far.
Views: 109 Seamless Terrapinn
Our US team has graduated to their own huge office space in Buckhead, Atlanta! Now situated at Two Securities Centre, the good people of Payments & Cards Network stand readier than ever to deliver the best recruitment service to the fintech and payments industry! Bring us your recruitment needs and we shall deliver! Want to join our US team? Check out our openings here: http://bit.ly/jointeamPCN
Views: 6 Payments & Cards Network
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Views: 11516 Working Money Channel
Soner Canko, CEO, BKM - Interbank Card Center spoke to us at Cards & Payments Middle East to give us an insight into the organization and why they chose to be a part of the show. Find out more at www.terrapinn.com/cme
Views: 46 Seamless Terrapinn
Founded in 2005, Payoneer is an industry-leading global payments company accelerating growth for its customers by improving the way they manage and pay partners, affiliates and independent workers in more than 200 countries worldwide. Payoneer's complete solution provides a simple, secure, compliant and cost-effective way for companies of all sizes to offer superior and cost-saving payments options including: Prepaid Debit cards, deposits to local banks worldwide, wire transfers, mobile payments, global and local e-wallets and local-currency paper checks. Venture backed and profitable, Payoneer has served thousands of companies and more than one million payees around the world. For more information, visit us at www.payoneer.com.
Views: 170198 Payoneer
The latest in the Atlanta Fed's animated video series explores the U.S. payments system, which every day handles millions of transactions between buyers and sellers. Learn about the Fed's role in keeping the nation's payments system secure and efficient.
Views: 13324 AtlantaFed
'The Cards and Payments Industry in the US: Emerging Trends and Opportunities to 2019' report provides top-level market analysis, information and insights into the US cards and payments industry, including: Current and forecast values for each market in the US cards and payments industry, including debit cards, credit cards and charge cards. It also includes detailed analysis of the prepaid cards market
Views: 6 Charisse Fish
Well-known in the industry as the best payments education conference, the annual PAYMENTS conference draws in financial institutions, government representatives and industry service providers from all over the world. Join us in Austin, Texas and learn more about faster payments and more.
Views: 621 NACHA - The Electronic Payments Association
“Without a doubt, the 'era of fintech' is upon us and banks can’t merely be mindful of this, they must also have a clear plan in place…”Hany Saad , Asst Director. J.P Morgan.USA The global payments industry is in the midst of rapid change as financial technology's (“fintech”) potential to alter how, when and where payments are made gains momentum. This paper examines fintech's growing capabilities and explains why bank-fintech partnerships hold the key. The wind of change in the payments world is gaining in strength as financial technology’s (“fintech”) potential to alter how, where and when payments are made – as well as who it is that facilitates them – is further explored and leveraged. This paper examines the growing capabilities of fintech in both the consumer/retail and wholesale/corporate payments arenas, and discusses the monumental role fintech – and the array of solutions it presents – will play in shaping the course of the payments industry as a whole. Without a doubt, the “era of fintech” is upon us and banks can’t merely be mindful of this; they must also have a clear plan in place in order to adapt to and benefit from fintech-fuelled changes. While the banking industry is traditionally more “conservative” to change – certainly fast-moving change – any hesitation or ambivalence here could be costly, particularly as new technology introduces not just new solutions, but also potential contenders to banks’ long-standing reign as payment processors. In order to position themselves at the centre of the payments industry of tomorrow, banks must act today to understand, interact with, and cherry-pick from the full smorgasbord of fintech developments. The range of options to choose from is broad and diverse. As the number and type of fintech players, developments and offshoots gather pace, the emergence of new tools and solutions (such as digital currencies and biometric security) are in turn gaining traction and reaching the market with ever-greater speed. To date, the impact of these new entrants has been far more profound in the retail and consumer payments space (more of which in the following pages), yet these new payment capabilities and ideas are already diffusing into the area of corporate payments, as personal preferences influence corporate demand. Furthermore, in the continually-evolving payments sector, the impact of the fintech “revolution” isn’t something occurring in isolation. It is important to remember that the corporate and wholesale payments industry isn’t static, and that technology is already being leveraged to drive industry-wide improvements with regard to harmonization, standardization, centralization and the development and application of increasingly sophisticated solutions. Following on from our wider analysis of the payments industry, this report hones in on the influence of fintech, to assess the direct (and indirect) impact of new technology on payments; the way in which it is molding client behavior and fuelling expectations for better, faster, more innovative solutions across the payments spectrum, and how industry changes are set to re-shape the corporate payments landscape. This report also examines what these advances mean for banks, and the strategies they should now adopt (in particular, far closer engagement with the fintech community) in order to understand and access these exciting developments, and thereby future-proof their long-held position at the heart of global payments. “Without a doubt, the 'era of fintech' is upon us and banks can’t merely be mindful of this, they must also have a clear plan in place…” Executive Summary Fintech is changing the face of global payments. Global investment in fintech ventures tripled in 2014 to US$12 billion.1 As new payment capabilities come to the fore, cutting-edge technology is transforming how transactions are initiated and processed. This is no longer just a case of new currencies or faster payment methods, but an entire rethinking of transfers of “value” and how these are undertaken. This presents both a challenge and an opportunity for banks. A new breed of non-bank payment provider has kick-started a surge in payments innovation, ranging from fintech start-ups (those looking to leverage technology to bring advancements to the payments space) to established non-payments industry operators (such as Facebook and Apple). More fintechs are graduating from the ranks of start-ups to multi-billion dollar listed companies: at least 4,000 fintech start-ups are active and more than a dozen of these are valued at over US$1 billion.2 These new players are seeking to improve the payments experience of their customers in order to support their core (non-payments) business. From all angles, they are leading the charge in taking payments to the next level in terms of speed, convenience, efficiency and multichannel accessibility.
Views: 50 Aura Solution Company Limited