According to a report by the Pelorus Group, payment volumes for contactless, mobile and biometric payments will rise to $400bn by 2011 from today’s measly $27bn. This misses the real point, which is that traditional payment mechanisms are rapidly becoming obsolete.
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Mobiles begin calling shots on banking and payments
February 5, 2007The use of mobile phones for banking and payments is growing worldwide, nowhere more so than in the rural areas of countries untouched by traditional banking channels. Stephen Timewell and Wendy Atkins report.
INNOVATION: HOW TO IMPROVE
February 5, 2007Why is the record for innovation so bad among banks? Karina Robinson investigates.
Clearing the way to competition
February 5, 2007The Code of Conduct for Clearing and Settlement is being hailed as an important step in pulling down the barriers to cost-effective, cross-border clearing and settlement in Europe.
Traders build their own boats as exchange benefits run dry
February 5, 2007Given that Europe’s exchanges are now run for profit – an ethos that may be compounded by prospective mergers with expansionist US exchanges – users complain that their needs have become secondary and are threatening to set up their own pan-continental multilateral trading facilities. Dan Barnes explains.
Identity Fraud Round Table
January 9, 2007“Phishing” attacks and improvements in ID fraud prevention were the two key topics discussed at The Banker’s Identity Fraud Round Table in London on 5 December, chaired by Contributing Editor Michael Imeson.
A new vision for work space
January 8, 2007Office space design has changed little in the past 100 years, despite the invention of the internet and radical changes in communications. But now virtual reality is offering an alternative to the physical work environment, writes >Dan Barnes.
A flavour for every taste in every place
January 8, 2007As much as products and services are standardised, customers in different locations do not bank the same way. Joseph DiVanna explains the 10 regional attitudes to retail banking.
Thinking bigger
January 8, 2007India’s third largest bank is increasing IT spend and seeking expertise from international partners in a huge push to increase market share. Karina Robinson reports.
State of the union
December 4, 2006ING assesses the myriad processes that make up the outsourcing agreement between its Application Delivery unit and Fidelity National Information Services.