US consumers may be calling for real-time payments, but progress has been slow, with the industry’s payments evolution only at ‘the end of the beginning’, according to the American Banking Association.
Latest articles from Payments
FX prime brokerage reinvents itself
October 1, 2014With the larger foreign exchange prime brokerage houses restructuring and new entrants offering new types of services, Frances Faulds asks whether regulatory changes have contributed to the demise of the industry or simply to its reinvention.
Will CIPS soothe renminbi payment headaches?
October 1, 2014The Chinese government and the People’s Bank of China are yet to disclose the formal details concerning China’s International Payment Platform, but there is little doubt that the new system will fundamentally change the renminbi clearing market as well as the future of offshore renminbi hubs.
Currency investors eye storm clouds with relish
October 1, 2014Low volatility in the foreign exchange market shows few signs of abating. That is good news for companies trading across borders, but a headache for banks and investors seeking to profit from currency movements.
Regulation gets real for virtual currencies
August 26, 2014Both the EU and New York are looking to bring digital currencies under a full regulatory regime, but their approaches are rather different.
Sorry times for emerging market currencies
May 1, 2014Emerging market currencies benefited handsomely from the US central bank’s huge quantitative easing programme. With that now being unwound and with China slowing, emerging currencies are now in retreat. Those from economies with weak fundamentals are especially vulnerable.
The future of FX regulation
May 1, 2014With the foreign exchange market reeling from global investigations into the possible manipulation of trading, Frances Faulds looks at the impact more onerous regulation might have on the market.
Financing fintech start-ups: will they take off?
May 1, 2014Big banks and tech start-ups are collaborating to plug the gaps in financial technology, with the start-ups acting as a testing ground for technologies before they are scaled up.
EC weighs in on interchange fee battle
March 24, 2014Legal battles over MasterCard and Visa’s interchange fees have raged for years in various markets around the world, but now the European Commission is pushing ahead with legislation that will cap the level of the fees, which will have major repercussions for card-issuing banks and the payments market.
RBS's technology evolution
March 3, 2014A lot has changed in the 35 years since Kevin Brown started his career at RBS. The senior executive at RBS International Banking tells The Banker that as telecommunications have evolved, so have customers’ expectations.