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Posts Tagged ‘regulation’

Corporations have historically parked excess cash in their demand deposit accounts to take advantage of earnings credit allowances. Each month, the bank calculates the earnings allowance for a client’s accounts by applying an earnings credit rate to available balances. The earnings allowance is then used to offset the cost of cash management services. In the […]

Jul 24th, 2015 | Filed under Banking, Compliance, Corporate Banking, Risk Management

Yesterday saw very interesting news coming out of Europe regarding a joint venture between 6 European ACHs.  To understand why many of us have sat up and taken VERY close interest in the announcement, we need to review some recent history first. Much of this will be covered in more detail in a forthcoming report […]

Jun 26th, 2015 | Filed under Banking, Corporate Banking, Retail Banking

It’s 2015, the mid-point of the decade and a good time to start looking at major trends in Asian financial services over the next five to ten years. One of the major themes will be regional integration, which is another way of saying the development of cross-border markets. There are at least two important threads […]

So you’ll have gathered from recent blog posts that it’s conference season. This is the first of a few posts rounding up some of my recent events. This post is about International Payments Summit (IPS) which took place last month. Jacob mentioned in his Finovate post that he ensures that he attends as many sessions […]

May 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

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

Wednesday saw the Government announce  ) its plans to overhaul UK payments. Regular readers of the Celent blog will know I’ve commented on this several times – here, here, and here. In short, the Government asked the industry, in a poorly formulated consultation, whether it wanted to be regulated or not; unsurprisingly, the industry said […]

Oct 11th, 2013 | Filed under Banking, Corporate Banking, Retail Banking

In a blog on February 5th we broke the news that there was likely to be a regulatory review of payments governance. This was as a result of a speech the chancellor had made the previous day. Whilst UK centric in topic, these changes have global implications, as more governments around the world take an […]

Mar 21st, 2013 | Filed under Corporate Banking, Retail Banking

Last Friday, the European Commission announced that it has extended its investigation into Project Oscar, the proposed mobile payments joint venture from a group of UK telcos. The regulator is concerned that the venture could be anti-competitive. Project Oscar is a JV between Vodafone, Telefonica and EverythingEverywhere (Orange and T-Mobile) to develop an infrastructure which […]

Apr 19th, 2012 | Filed under Banking, Retail Banking

That was the question someone asked me last week at an ATM, Debit and Prepaid Forum. I know – it was in Vegas, the person was joking and the question is really a rethorical one. And yet, it kind of rings true, because no one seems to be happy with the new regulation. Except, of […]

Nov 10th, 2011 | Filed under Banking, Retail Banking