Payments infrastructure must support member choice

first_imgby: Bethan CowperThe payments landscape is in a state of flux and has been for the last ten years. However, we finally have the technological agility available to deal with change and meet consumer expectation. It is this synergetic meeting of ability and technology that can really drive change. What does this mean for payments? Well they are already attracting a lot of press as industry giants and disruptive start-ups alike pour investment into creating the latest innovations that solve X, Y and Z. With all these new payment types from wearables to crypto-currencies, have we lost sight of what payments mean to the member?Payments aren’t broken; they aren’t a problem that needs solving. Cash is apparently dying, yet according to MasterCard, globally 85 percent of retail banking payments are made in cash. It’s quite difficult to dispute its relevance and importance when it has the longest product lifecycle of all payment types, give or take a millennia.What about cards? Cards serve us so well; from the humble debit to the virtual prepaid, cards solve a multitude of problems and offer the consumer a choice of solutions. Dare I mention contactless? From contactless we can jump to NFC and mobile. We can pay by phone on the move, anywhere we go: the mobile device delivers undeniable convenience. But is it really the future for everyone? Please don’t get me wrong here, I really do think that contactless and mobile have a place, and that they are going mainstream. I’m not arguing that new technology isn’t useful or relevant; it’s that it isn’t a replacement.Innovation offers more freedom and more choice. For example a consumer can receive a check from their mother on their birthday; their partner might transfer them money via the Internet for bills; they can tap their card to pay in store; pay for a cab with cash; and use their mobile app to split the bill for dinner out with friends.To be successful in this option-led environment, credit unions must invest in the technology to support their activities: gone are the days of siloed product strategies and the “one channel” consumer; as are the days of technology “plasters” or wraps and short-term solutions. According to Ovum, more than two-thirds of financial institutions are looking to modernize their payments infrastructure in 2015 and this is undoubtedly motivated by the need to keep up with consumer requirements and to safeguard against any high-profile system glitches or crashes. continue reading » 11SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

NBA: Bucks dominate Hornets in first Paris game

first_img The Bucks trailed the Hornets for much of the game but began to turn the screw at the end of the third quarter as George Hill slashed to the basket for an easy layup and reigning league MVP Antetokounmpo imposed himself around the rim on the way to his impressive double-double. Malik Monk top-scored for the Hornets with 31 points but the Eastern Conference-leading Bucks just had too many weapons and Antetokounmpo’s powerful dunk with five minutes remaining felt like the sign that the game was effectively over as a contest. After a quiet first quarter the Greek had shown his teeth in the second when he wrestled the ball from Cody Zeller and reverse-slammed over the hapless Charlotte man to show why he will again captain the Eastern Conference side in the 2020 All-Star Game. Read Also: NBA: Antetokounmpo scores 29 as Bucks cruise past Nets Experienced Bucks guard Eric Bledsoe supplied the ammunition for Antetokounmpo and finished with 20 points himself. Nicolas Batum, the captain of the France national team whose presence in the Charlotte lineup helped ensure their role in his history-making game, had a quiet game with just five points but his every move was cheered loudly by his compatriots. FacebookTwitterWhatsAppEmail分享 Milwaukee Bucks forward Giannis Antetokounmpo drives towards the basket The Milwaukee Bucks pulled away to beat the Charlotte Hornets 116-103 in the first ever regular NBA game in Paris Friday as Giannis Antetokounmpo delighted the soldout crowd in the French capital with 30 points and 16 rebounds. Brazil star Neymar and his French Paris Saint-Germain teammate Kylian Mbappe were courtside at the Paris NBA Game The game had a party feel with Paris Saint-Germain football stars Neymar and Kylian Mbappe courtside and NBA legend Kareem Abdul-Jabbar was greeted with thunderous applause when he was presented to the crowd at the AccorHotels Arena. Michael Jordan, the NBA’s greatest ever player who is now the Hornets’ chairman, has done more than anyone to spread the sport’s popularity around the globe and he told reporters before the game: “I’m glad that I was a part of it but I think it will continually get bigger because of the passion for the game of basketball.” NBA Commissioner Adam Silver said before the game that the NBA would return to Paris for “many more years to come”. Promoted ContentCouples Who Celebrated Their Union In A Unique, Unforgettable Way5 Of The World’s Most Unique Theme ParksTop 10 Most Romantic Nations In The WorldWhich Country Is The Most Romantic In The World?Why Do So Many Digital Assistants Have Feminine Names & Voices?The 10 Best Secondary Education Systems In The World9 Facts You Should Know Before Getting A Tattoo8 Ways Drones Will Automate Our Future7 Train Stations In The World You Wish To Stay At Longer8 Things To Expect If An Asteroid Hits Our PlanetThis Guy Photoshopped Himself Into Celeb Pics And It’s HystericalWhat Happens To Your Brain When You Play Too Much Video Games? Loading… last_img read more

Bergomi: ‘Inter should go for Pogba’

first_img “There are few players like him around. Pogba is 27 and would return to Italy in time for his last leap in quality.” The former defender is sure Antonio Conte would be the right man to bring the World Cup winner back to his old heights. “Conte can bring out the best in him, like in the past. For Inter, it would be a coup to help them challenge immediately, but I guess they will have to sacrifice something. read also:Rooney: Morrison better than Pogba “If they aim to build something for the long run, I remain convinced about the idea of investing in players like [Sandro] Tonali or [Manuel] Locatelli.” FacebookTwitterWhatsAppEmail分享 The former Juventus star has been linked with a move away from Manchester United and Bergomi is convinced Inter should go for the French 27-year-old. “If you have the economic strength to go and get him, you have to do it immediately,” Bergomi told La Gazzetta dello Sport. “It’s true that he hasn’t been at his best in recent seasons, but he would return to a football he knows well. “He doesn’t need to adapt and could immediately leave a mark. Beyond his technical abilities, with the physique he has, he would still be dominant in Serie A.Advertisement Promoted ContentTarantino Wants To End His Career With This Movie?A Hurricane Can Be As Powerful As 10 Atomic BombsWho Is The Most Powerful Woman On Earth?9 Iconic Roles That Could Have Been Played By Different Actors8 Weird Facts About Coffee That Will Surprise YouCouples Who Celebrated Their Union In A Unique, Unforgettable WayEverything You Need To Know About Asteroid ArmageddonThe Very Last Bitcoin Will Be Mined Around 2140. Read MoreYou’ve Only Seen Such Colorful Hairdos In A Handful Of AnimeWhich Country Is The Most Romantic In The World?6 Ridiculous Health Myths That Are Actually TrueFantastic-Looking (and Probably Delicious) Bread Art Former hero, Giuseppe Bergomi, has claimed Inter should try to bring Paul Pogba to the Giuseppe Meazza: “If you can get him, you have to do it immediately”. Loading… last_img read more