ACH B2B Commercial Payments Erin McCune Global Payments Innovation NACHA

The Future of ACH

Editor’s Note: This is one of a pair of ACH commentaries that we are publishing today on Payments Views. Be sure to also read Carol Coye Benson’s post “ACH:  Big Questions for the Biggest Network” based on her recent interview with NACHA CEO Jan Estep. I recently presented to TAWPI’s Payments Capture and Clearing (PCC) […]

Bryan Derman Card Issuers Conferences & Meetings Credit Cards PINless Debit Revolution Money

This Revolution Will Be Televised

Fresh off raising another $42 million of star-studded (Goldman Sachs this time) venture capital, Steve Case and Jason Hogg came to the NACHA Payments 2009 conference today to tell the banking world about their payments “Revolution”. Apart from reiterating last week’s deal with Chase Paymentech (bringing potential acceptance to 650,000 merchant locations and websites), not […]

iPhone Mobile Banking & Payments Mobile Technology Russ Jones Subscription Management

iPhone 3.0 - Payments in Perspective

Apple created a lot of buzz in the industry last week when it previewed the new capabilities of iPhone OS 3.0. Leading the list of new features, surprisingly, was a payments-related enhancement called “In App Purchase”. I missed the briefing, but saw this new capability reported in the blogosphere as “subscriptions”, “micro-billing”, and a new […]

Innovation Scott Loftesness

Speaking of Innovation...

Some upcoming events of note for those interested in better understanding the process of innovation: The Cards and Payments Australasia Conference being held in Sydney, Australia this week includes a full day (Thursday) devoted to Innovation in Payments. Topics to be covered focus on both the issues of payments innovation in Australia along with the […]

eBay ECommerce Ecommerce Payments PayPal

eBay Analyst Day: PayPal World Domination

Earlier today, PayPal president Scott Thompson presented at the eBay Analyst day (the first done by the company since 2006) and I will do my best to summarize his key points here in this post. The primary message I heard was that PayPal intends to dominate e-commerce transactions worldwide. In addition, I’m including the PayPal-specific […]

ECommerce Jay DeWitt

Payments as Business Strategy - MRC March 10-12, 2009

The Merchant Risk Council is holding its 7th Annual e-Commerce Payments and Risk Conference on March 10-12, 2009 in Las Vegas Nevada. I will be leading a panel discussion at the conference on “Payments as Business Strategy”. In this discussion, we will highlight how payments management is an important part of any eCommerce Merchant’s overall […]

Banking Industry Credit Crisis Economic Outlook

Lessons for Bankers from the Telecom Bust (The Economist)

The Economist observes that the downfall of the telecom industry (1997-2003) offers foreboding lessons for today’s bankers. Just like banks, telecoms had imperial bosses, kamikaze deals and incomprehensible jargon—if collateralised-debt obligations troubled you, try gigabit Ethernet routers. In telecoms leading firms were reduced to indebted objects of ridicule. The consequences were bankruptcies, huge job losses, […]

Foreign Exchange Global Payments

FX Strategies for Uncertain Times

Today at the monthly San Francisco Treasury Management Association luncheon JoAnne Tillemans, of Avalon International Strategies discussed how recent market gyrations have impacted FX hedging strategies. She shared some war stories and offered guidance to a mixed audience of cash management bankers and corporate treasurers. There was a fair amount of discussion among what is […]

Blogging Conferences & Meetings Technology Web 2.0 in Financial Services

Workshop: Web 2.0 Technologies For Financial Services (March 19, Santa Clara)

Workshop on Web 2.0 Technologies For Financial Services FaceBook? Twitter? Amazon Flexible Payments? Mint? Zong? Join me and Scott Loftesness of Glenbrook as we explore the world of Web 2.0 technologies and their impact on the payments industry in this one day workshop (morning plus optional afternoon sessions). What is Web 2.0 and how is […]

Enterprise 2.0 Strategy Technology

VC Forecast: "Transformational, Mega-shift" of Enterprise Solutions to the Cloud

The NYTimes interviews leading Silicon Valley VCs and finds that while Web 2.0 enthusiasm is waning, interest in SaaS Enterprise applications is growing. Instead, venture capitalists will invest in open-source software, Web-based software, Internet-based cloud computing and virtualization software that lets companies use less hardware to run applications. “Oracle, Microsoft and all of that will […]

Blogging Strategy Technology Web 2.0 in Financial Services

Join the Debate on Banking and Social Media

Over at the Bankervision blog an exchange between leading banking bloggers Chris Skinner (of FinanSer) and James Gardner (at Bankervision) has prompted a lively exchange of comments from the banking and social media community online. This is my contribution to the commentary From my perspective, banks should proactively participate in social media, not to make […]

Current Events

Economists on the Presidential Candidates (The Economist)

In honor of tonight's debate, here's a political post. In a special report on the US election, The Economist magazine publishes the results of their recent  survey of leading economists on the two candidates economic plans. Full data is available here. Read more at The Economist: Article "Examining the Candidates" Special report on the US […]

B2B

How Banks Encourage the Status Quo in B2B Payments

Today Carol Coye Benson (of Glenbrook) and I concluded a series of private B2B payment webinars, adapting the content of our B2B payment workshop for the product and technology teams at a leading payment providor. Each and every time I speak on this topic, I experience waves of frustration and hope. Hope becuase there has […]

Bryan Derman Financial Regulators

It’s June 2008, Do You Know Where Your BINs Are?

We were intrigued by this week’s announcement that the FDIC had issued enforcement actions against two banks (and reached a settlement with a third bank) related to their sponsorship of credit card programs promoted by CompuCredit. These actions follow a lawsuit by the Federal Trade Commission against a subsidiary of CompuCredit alleging deceptive practices in […]

B2B Conferences & Meetings Lockbox Receivables Technology

WAUSAU's Evolving Remittance Solutions [NACHA Payments]

[This is just one of my series of posts from the NACHA Payments 2008 conference in Las Vegas.] WAUSAU's Evolving Remittance Solutions [NACHA Payments] Kathy Strasser and I discussed the ways that WAUSAU is continuously evolving in order to meet the growing demand for paper to electronic payment solutions via remote capture, remittance, image/item processing and […]