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Posts Tagged ‘payments’

Bob recently posted some views on the same day ACH – as always, great points, well made. Somehow, in Twittersphere, some of the comments got attributed to me, and from that some of those have got re-interpreted as me being anti real-time payments. As my daughters would say, whatever! That’s not the point of this […]

Apr 6th, 2014 | Filed under Banking, Corporate Banking, Retail Banking

No, not “I Love You” or “Buy Celent Research”. But That, Which and May. The long running saga around Durbin interchange fees took another twist last week. To recap, a group of merchants (knowns as NACS) sued the Federal Reserve, arguing that the Durbin rule it had imposed exceeded the authority granted by Congress to […]

Mar 25th, 2014 | Filed under Banking, Corporate Banking, Retail Banking

Yesterday, NACHA issued a press release announcing initial steps towards same-day ACH. This is a second attempt at accelerating ACH payments. Rather than a “big bang”, this second attempt advocates a phased approach, inviting banks to invest in three projects instead of one. The sentiment seems worthwhile, but I’m not convinced that this is a […]

Mar 19th, 2014 | Filed under Banking, Corporate Banking, Retail Banking

Today the European Commission released its long awaited study into the cost of merchants accepting cash and card payments. A copy of the preliminary presentation can be found here. It’s long awaited for a number of reasons. Firstly, it is supposed to finally address the issue of comparing actual costs. Whilst there have been many […]

Feb 19th, 2014 | Filed under Banking, Corporate Banking, Retail Banking

The new year brings lots of questions, planning and decision making. IT spending is tied directly to these elements, and as in past years, we have been receiving a truckload of IT spending questions. Celent predicts that 2014 will build on the positive investment momentum and growth experienced in 2013. IT spending growth rates will […]

Feb 14th, 2014 | Filed under Corporate Banking, Retail Banking

Last week we published our annual report on Top Trends in Retail Payments, which looks back at 2013 and calls out the main themes to watch for in 2014. In 2013 we observed interesting developments in each of the four dimensions defining the battleground for mobile payments – see the chart below. Starting with customer […]

Feb 3rd, 2014 | Filed under Banking, Retail Banking

The news on January 15th that the SEPA deadline would be extended came as both a shock, but at the same time, not a surprise. The regulator, based on the levels of migration (available here ), has proposed a 6 month grace period. At the heart of the problem are the low levels of SEPA […]

Jan 21st, 2014 | Filed under Banking, Corporate Banking, Retail Banking

Last week I published a new report called “Retail Payments Market in Japan: A Land of Contrasts and Opportunity” – an overview aimed primarily at those seeking to get an introduction to payments in Japan. Our clients know that we don’t publish country-specific reports that often; instead, we tend to focus on themes and topics […]

Jan 13th, 2014 | Filed under Banking, Retail Banking

In the last day or so, the news of Isis national launch (see my earlier blog) nearly got drowned by all the excitement generated by Coin. Dubbed as an answer to “Costanza wallet”, it is a single card to which you can link up to eight of your regular payment and loyalty cards. At a […]

Nov 15th, 2013 | Filed under Banking, Retail Banking

We just assembled a group of UK retail bankers for a discussion on The Future of the Bank Account. Against the backdrop of the month-old implementation of the directive that bank switching be seamlessly completed in seven days , banks were keen to understand the implications of changing consumer needs and behaviors, evolving regulations, and […]

Oct 19th, 2013 | Filed under Banking, Corporate Banking