Elizabeth McQuerry

As the U.S. payments industry is preparing to enter another exciting phase as immediate funds transfer options come online, I’m thinking back to my interaction in the Fall of 2013 with the inquisitive team at Planet Money. Perplexed about why it took so long for the monies from their Kickstarter fundraising campaign to make the […]

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Last week in Geneva, the ITU wrapped up a two-year project – the “Focus Group on Digital Financial Services and Financial Inclusion”. Several hundred organizations and people participated in the Focus Group, which produced research papers and policy recommendations on a wide variety of topics. The papers are available on the Focus Group website. Glenbrook’s […]

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The always-interesting Federal Reserve Bank Chicago Payments Symposium just closed, and predictably, a lot of the discussion (and argument!) was around “faster” – the evolving progress of the United States towards improvements in our payments systems. I was particularly interested in hearing other people’s views on the outlook for this in our country. I came […]

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Faster payments, B2B payments, international remittances, cross-currency, and cross-border payments. These are hot topics and major challenges the payments industry must address. Central to all is the ability to represent, in an interoperable fashion, the information that surrounds the payment itself. What’s this payment for? Who is it for? Where’s it going? These are information […]

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One of the payments obsessions here at Glenbrook is understanding the ways in which mobile payment and digital financial services are taking hold around the world. Once effectively limited to the early success of M-PESA and P2P payment in Kenya, today there are a number of services underway. M-PESA itself, in around a decade, has […]

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It’s been just over two years since we first reached out and asked for your views on the question of faster payments. There have been a number of interesting developments in that period – the launch of FAST in Singapore, the announcement of the New Payments Platform in Australia, development of an instant payment scheme […]

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It’s election time here in the United States and potentially big changes are ahead. Elections define the beginning and end of political eras.  Walter Dean Burnham, the distinguished professor of American Politics, elaborated a theory of party change and realignment.[1] Burnham’s theory noted that critical issues bubble up from time to time and their impact […]

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2015 has been an exciting, tumultuous year for payments. Our once “under the radar” industry now makes for daily headline news with stories and commentary (some breathtakingly uninformed) on new ways to pay, M&A activity, regulatory actions, competitive dynamics, security, and its future evolution. In consumer payments alone, 2015 was the year that things finally got […]

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This week, I began an important new assignment. I am now the CEO of the International Payments Framework Association (IPFA). If you haven’t yet heard of it, the IPFA provides rules, standards, operating procedures, and guidelines to improve cross-border payments. It’s now five years old and moving into the next, exciting, and supercharged phase of payments […]

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The Federal Reserve’s recent announcement that it would not build a new payment rail for processing faster payments created some disappointment for many who are unsatisfied with our country’s current payments system capabilities. In a welcome move, The Clearinghouse (TCH) has announced its intention to fill this void and build new real-time “rails”. There are, […]

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Imagine a country where less than 10% of the adult population has a bank account and only about half of those account holders have a debit card. Credit cards are virtually non-existent. There are only a couple dozen banks in the whole country. Cash truly is king. Now imagine decades-long political and sectarian conflict that […]

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Ecuador’s Central Bank has embarked on an ambitious course to launch an affordable and widely available mobile payment scheme.  In fact, it will be the national wallet. With some uncertainty, it appears that Ecuador’s initiative may be the second central bank effort to enter this space. Jordan’s central bank has launched “JoMoPay”, but for those […]

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I’m just back from Boston and the marathon known as Sibos 2014. In a post earlier this week, I shared a couple of observations from the show floor and the conference sessions. Now that the conference has closed, I’m thinking about the themes that spoke to me. And, this year, I didn’t get the sense […]

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Time is a vacuum at Sibos. It’s a great time to catch up with old friends and meet new colleagues.  The exhibition floor is overwhelming, even now after banks have scaled back their presence at events like these.  There is a plethora of panels on a broad range of topics to choose from. It’s a […]

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Want to know more about SEPA and the new SEPA for cards initiative?  Thinking about opportunities in the EU?  Need to understand how payments work in Europe and how they vary country to country? Well, to get started, take a listen to this podcast conversation between Elizabeth McQuerry, Glenbrook’s international payments maven, and Manfred Schuck […]

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