As with any industry in the midst of disruption, the payments industry has been receiving a lot of attention by the tech media. Discussions of mobile payments firms and technologies generally end up speculating on who will “win.” Will it be Amazon? What about the major card issuers? Or PayPal, the previous disruptive force “fighting to stay relevant,” in the words of one … [Read more...] about Who Loses in the Mobile Payments Game?
Banking
Google and Apple are After Your Customers, Battle Banks on Mobile Phones
It gets even worse. Amazon’s launch of Local Register has caused quite a stir among the mobile payment standard-bearers Paypal and Square. Paymenteye gives a look at who runs the greatest danger stepping up to the giant, and what can safely be done to mitigate the latest advance. The average consumer’s banking relationship is dominated by making payments. So why are banks … [Read more...] about Google and Apple are After Your Customers, Battle Banks on Mobile Phones
Taking on International Supply Chain FX Risks
As the US economy continues to strengthen, many treasury teams are wisely reviewing established payment practices to allow them to take full advantage of new growth opportunities. A US company that has taken the time to explore and implement finance and treasury processes that work best with international suppliers and customers will have greater opportunities to maximize … [Read more...] about Taking on International Supply Chain FX Risks
A Straight Path to Receivables Reconciliation
Though straight-through reconciliation for receivables (STR) may often present more of a challenge than straight-through processing for payments (STP), recent advances in regulations, electronic payments acceptance and paper-to-electronic (P2E) conversion, allow companies to move rapidly toward the STR ideal. Many are now looking to achieve rates of success similar to what they … [Read more...] about A Straight Path to Receivables Reconciliation
Capturing the 'Wired' Consumer: Leading-Edge Banking Technology
As every business becomes a digital business, to borrow from Accenture's technology vision for 2013, the leading edge of bank technology seeks to serve customers whose velocity of need increases with the speed and power of their personal digital technology. The digital revolution is shaping banking and providing opportunities for competitive differentiation. In three recent … [Read more...] about Capturing the 'Wired' Consumer: Leading-Edge Banking Technology
CRE Risks and Other Bank Stability Indicators
In February 2011, economists told us that the Great Recession is receding, if not over. If many consumers—and their banks—still feel mired in that same recession, at least the fiscal crisis of 2008 is history. The markets are stable, business profits are up, employment is improving, and it looks like the free fall in real estate values for homes, office buildings, hotels, and … [Read more...] about CRE Risks and Other Bank Stability Indicators