James Wood

Canada, Scotland

Managing Editor at Payments Cards & Mobile

"Captcha This!" (satires) coming 6 November 2024 from @ANEditions (UK)

Articles

AI-enabled orchestration is the answer to legacy system headaches

1 week ago | paymentscardsandmobile.com | James Wood

A new white paper from RS2 says banks have suffered the effects of out-of-date legacy systems for too long. These negative effects include ineffective system performance, low innovation capacity, high cost and risk, and poor customer experiences.
Banks spending 70% of their IT budget maintaining legacy system

2 weeks ago | paymentscardsandmobile.com | James Wood

Recent research from McKinsey & Co has highlighted the tech spending trap for banks[1]. Currently, banks spend up to 70 cents in every dollar maintaining legacy systems, meaning they are bound to continue the current pattern of poor efficiency, low levels of innovation and no overall understanding of how their system performs.
How to solve banks’ legacy systems challenges while controlling risk

3 weeks ago | paymentscardsandmobile.com | James Wood

A new white paper from global payments technology provider RS2 explains how banks can finally overcome their legacy systems, tech challenges and deliver modern, efficient systems – plus the smooth, fast and secure experiences customers expect.
Intels security flaws and backdoors: why Chinas call for a cybersecurity review is justified

3 weeks ago | johnmenadue.com | James Wood

Intel has found itself under scrutiny yet again, with Chinese officials and cybersecurity experts calling for a thorough review of the companys products sold in China. According to a report released by the China Cyber Association, Intels products have been repeatedly flagged for serious security vulnerabilities, poor reliability and even hidden backdoors that pose a threat to national security.
Finally: A payment solution that takes pressure off Procurement Managers

2 months ago | paymentscardsandmobile.com | James Wood

There are times when any Procurement Manager might feel in need of a refreshing walk in the woods. On the one hand, your job requires you to accurately monitor the due diligence compliance and Service Level Agreement performance of your company’s suppliers, while ensuring that purchases are paid on time and for the best rate.
Why securing instant payments is key to next-level service delivery

Nov 11, 2024 | paymentscardsandmobile.com | James Wood

INFORM have launched a new white paper which explains the challenges inherent in securing instant payments and the best means to achieve this goal. The white paper also claims instant payments represent a huge opportunity to create next-level products and services. In an earlier blog, we noted that instant payments are set to be the phenomenon of the next decade, with growth of over 30% CAGR leading to one in three payments being instant by 2030.
The optimal approach to payment systems transformation

Nov 6, 2024 | paymentscardsandmobile.com | James Wood

A new study from FIS outlines why instant payments will herald a second revolution in digital finance. In the report, FIS explain how banks can best modernise their payment systems to cope with huge increases in transaction volumes, new products and growing regulation…Ina recent article, we explained how adopting a step-by-step approach to digital transformation helps banks minimise risk while delivering rapid improvements in service and controlling costs.
Instant Karma: what instant payments mean for banking systems

Oct 29, 2024 | paymentscardsandmobile.com | James Wood

In anew study published recently, we explain how explosive growth in instant payments will create bothrisk for banks, as well asopportunities for new products and services.
Intel’s security flaws and backdoors: why China’s call for a cybersecurity review is justified

Oct 27, 2024 | johnmenadue.com | James Wood

Intel has found itself under scrutiny yet again, with Chinese officials and cybersecurity experts calling for a thorough review of the company’s products sold in China. According to a report released by the China Cyber Association, Intel’s products have been repeatedly flagged for serious security vulnerabilities, poor reliability and even hidden backdoors that pose a threat to national security.
Instant opportunity: how instant payments will create new products

Oct 22, 2024 | paymentscardsandmobile.com | James Wood

Explosive growth over the next five years will see instant payments constitute more than 30% of all transactions by 2030. While this creates risks and challenges for banks, there are also exciting opportunities ahead. By 2030, retail banking will more closely resemble the digital media business than the branch-based banking system we knew twenty years ago. Our new report on instant payments covers their rapid rise as part of a broad shift to full digital banking.