Glenbrook’s Linda Elliott has years of experience in designing, building and operating some of the largest payment processing platforms in the industry. She filed the following commentary – after reflecting upon some the cluster of news stories over the last week about difficulties with several significant transaction systems. Click here to read Linda’s commentary on […]
Knowledge@Wharton weighs in on the ongoing discussions to soften the impact of Sarbanes-Oxley, particularly the onerous demands of section 404. The article summarizes arguments in favor of and against SOX and concludes as follows: For all the talk about protecting investor rights, some officials wonder how much attention investors are really paying to the issues. […]
I'll be publishing more detailed notes and observations from the NACHA Payments 2007 conference over the next few days, but for now, here are the highlights: Mobile HypeLots of talk about mobile – both mobile banking and mobile payments. The consensus is that mobile payments (at the point of sale) are still a few years […]
Glenbrook’s Jim Salters was at NACHA’s Payments 2007 conference earlier this week. Jim filed the following report from the conference.
Glenbrook’s Allen Weinberg was at the 2007 annual Electronic Transactions Association’s Annual Meeting & Expo in April in Las Vegas. Allen filed a report from the Expo over on Payments News.
The SEC's internative data pilot is gaining traction – particularly after the Roundtable on March 19th. The new interactive platform, based on XBRL formatted filings from 36 companies participating in the pilot, is designed to replace the 20 year old Edgar database of SEC filings. In the four months of the pilot over 10,000 visits […]
I'm off to Chicago for Payments 2007 and will post highlights of the conference here on the blog. If you are attending and want to meet up contact me via email.
Online Banking Report has just published a follow up to its recent Mobile Banking Report, this time thee analysis is focused on mobile payments in North America. Here's the abstract (emphasis added): While banking and payments are interrelated, when it comes to the rollout of mobile finance in North America, they will arrive in two […]
Former congressman Michael Oxley continues his media tour. In this interview with CFO Magazine he blames the PCAOB for starting "all the problems" with the Sarbanes-Oxley Act. See my previous post for highlights from Oxley's interview with the International Harold Tribune early last month. Oxley: I'm Not Happy with Sarboxby Stephen TaubCFO.comApril 06, 2007
If you are contemplating a Business Intelligence initiative (or in the midst of one) I strongly encourage you to read this post by Timo Elliott at the BI Questions Blog. He lists five fatal assumptions about BI and offers insight on how to avoid failure: 1. BI isn't about technology, it's about people.2. BI is […]
Over at winmarkets.com a recent post by Nilofer Merchant, a marketing entrepreneur I admire, questions the relevance of Porter's venerable 5 Forces strategic framework in today's Web 2.0 era. Her business focuses on the technology innovators of Silicon Valley – admittedly a different industry than the payments realm we usually cover here – but what […]
This week InformationWeek hypes mobile banking and mobile payment – suggesting that the time has finally come for mobile financial services. The article outlines mobile account access recently introduced by Citibank, BofA, and Wachovia – and applauds the utility of simple on-the-go transactions such as checking balances, transfering funds, locating ATMs, and one click calls […]
Check conversion via Back Office Conversion (BOC) has significant advantages, particularly over the Point of Purchase (POP) check conversion method, and is widely regarded as NACHAs reaction the merchant disappointment with POP transactions. Back Office Conversion benefits for merchants and retailers are as follows: Increased efficiency: Rather than converting checks one at a time at […]
A recent American Banker article suggests that by going private (selling itself to KKR for $29 Billion, $34 a share) First Data will be able to make long over due investments in consolidating its processing systems without raising the ire of shareholders. The company expects to spend $100 million over 2.5 years to consolidate 13 […]
This is a quick reference index to our recently concluded series of posts on project management for finance professionals. The series features practical project management advice and tips for driving process change using technology. Project Management for Finance – SERIES INDEX Increasing Demand for Financial Managers with Project Management Skills Technology Drives Key Finance Initiatives, […]