Улучшение Ликвидности Компании и Антикризисные МероприятияTaras Kuzin
Антикризисный План и Повышение Ликвидности - Улучшение Ликвидности Компании и Антикризисные Мероприятия (Liquidity Crisis Management Consulting)
Тарас Кузин - tkuzin@gmail.com
Улучшение Ликвидности Компании и Антикризисные МероприятияTaras Kuzin
Антикризисный План и Повышение Ликвидности - Улучшение Ликвидности Компании и Антикризисные Мероприятия (Liquidity Crisis Management Consulting)
Тарас Кузин - tkuzin@gmail.com
Presentation on infertility and fertility treatments. Things yo wanted to ask a fertility doctor, but did not want to pay $399 for the consultation. Definition and prevalence in the society. Information on affordable IVF clinics abroad.
CPNI Mobey Forum Mobile Payment Trusted Service Provider Sept 23 2008The Stilwater Group
Mobey Forum quarterly meeting Sept 23, 2008. The opportunity for banks and the entire mobile payment ecosystem created by focusing on remote mobile payments.
ReportsnReports – Where is the Money in Near Field Communications?ReportsnReports
Near Field Communication (NFC) is a technology that may be utilized for high-speed high-volume applications and is well suited to consumer payments, especially micro-payments. This report evaluates NFC and presents a detailed description of the business case for NFC for various stakeholders. It identifies key stakeholders, types of opportunities they can capitalize, and analyzes current players in the field.
How we will be paying in 2020 - SPA Technical Director, Lorenzo Gaston at EPC...Smart Payment Association
Retail Payments Vision 2015 – And SPA perspective
The retail payment ecosystem is changing. Over recent years we’ve seen the democratizing effect of technology create an ever-broader payments landscape.
Contactless, NFC payment, m-wallets, cross border and person-to-person transactions, and the emergence of virtual currencies are all contributing to growth.
It’s a market too that is being shaped by the demands of a new generation of retail customers: one in which simplicity, speed and convenience are king.
At the same time, we’ve seen the traditional banking and settlement value chain come under pressure from big brand entrants – from mobile operators, Google, Apple and others. These new entrants are changing the dynamics of the industry as new commercial partnerships and models develop to offer an ever-widening range of convenient payment options to consumers and businesses.
This rate of change raises some interesting questions: how to secure ‘card/person not present’ transactions; how to protect customer data; and how to guard against a new breed of cyber criminal looking to capitalize on vulnerabilities. Moreover, the appearance of non-traditional players - who may lack the structural understanding, or the technical or financial means to create a fully secure end-to-end environment – could pose serious challenges for banks, regulators, standards bodies and merchants alike.
So what will the future bring? While attempting predications in this heterogeneous retail payments landscape can be an uncertain and somewhat random exercise, the SPA considers the following “12 key trends to watch” to be significant in the coming years.
Overview of Digital Financial Services LandscapeJohn Owens
This presentation reviews the digital financial service landscape and is a primer for regulators and policy makers wishing to better understand current market developments.
This presentation explores what future of commerce may look like given the current trends in mobile devices, digital payments, social commerce and security including tokenization and new forms of identity verification
Merchants and financial institution
executives devote a great deal of attention
to keeping up with changing
payment methods. They are constantly
weighing everything from mobile and
prepaid strategies to the rollout of
new security technologies and the
emergence of new competitors. Faced
with shifting and even contradictory
currents, they find the ultimate direction
of events is not always clear. As
a result, they are often hesitant about
moving forward with new approaches. For more info: www.nafcu.org/vantiv
SPA Presentation at Cartes America
Contactless Card Shipments Break all Records as
Consumers Adopt New Ways to Pay
• Contactless technology was present on 23 percent of all payment cards shipped worldwide in 2012
• Contactless growth in Western Europe and Asia exceeded 100 percent
• More than 220 million contactless cards were delivered by Smart Payment Association (SPA) members in 2012
• SPA believes the harmonization of ISO, SEPA and EMVCo standards will ensure the global interoperability of new NFC contactless services for consumers.
23rd April 2013
Presentation on infertility and fertility treatments. Things yo wanted to ask a fertility doctor, but did not want to pay $399 for the consultation. Definition and prevalence in the society. Information on affordable IVF clinics abroad.
CPNI Mobey Forum Mobile Payment Trusted Service Provider Sept 23 2008The Stilwater Group
Mobey Forum quarterly meeting Sept 23, 2008. The opportunity for banks and the entire mobile payment ecosystem created by focusing on remote mobile payments.
ReportsnReports – Where is the Money in Near Field Communications?ReportsnReports
Near Field Communication (NFC) is a technology that may be utilized for high-speed high-volume applications and is well suited to consumer payments, especially micro-payments. This report evaluates NFC and presents a detailed description of the business case for NFC for various stakeholders. It identifies key stakeholders, types of opportunities they can capitalize, and analyzes current players in the field.
How we will be paying in 2020 - SPA Technical Director, Lorenzo Gaston at EPC...Smart Payment Association
Retail Payments Vision 2015 – And SPA perspective
The retail payment ecosystem is changing. Over recent years we’ve seen the democratizing effect of technology create an ever-broader payments landscape.
Contactless, NFC payment, m-wallets, cross border and person-to-person transactions, and the emergence of virtual currencies are all contributing to growth.
It’s a market too that is being shaped by the demands of a new generation of retail customers: one in which simplicity, speed and convenience are king.
At the same time, we’ve seen the traditional banking and settlement value chain come under pressure from big brand entrants – from mobile operators, Google, Apple and others. These new entrants are changing the dynamics of the industry as new commercial partnerships and models develop to offer an ever-widening range of convenient payment options to consumers and businesses.
This rate of change raises some interesting questions: how to secure ‘card/person not present’ transactions; how to protect customer data; and how to guard against a new breed of cyber criminal looking to capitalize on vulnerabilities. Moreover, the appearance of non-traditional players - who may lack the structural understanding, or the technical or financial means to create a fully secure end-to-end environment – could pose serious challenges for banks, regulators, standards bodies and merchants alike.
So what will the future bring? While attempting predications in this heterogeneous retail payments landscape can be an uncertain and somewhat random exercise, the SPA considers the following “12 key trends to watch” to be significant in the coming years.
Overview of Digital Financial Services LandscapeJohn Owens
This presentation reviews the digital financial service landscape and is a primer for regulators and policy makers wishing to better understand current market developments.
This presentation explores what future of commerce may look like given the current trends in mobile devices, digital payments, social commerce and security including tokenization and new forms of identity verification
Merchants and financial institution
executives devote a great deal of attention
to keeping up with changing
payment methods. They are constantly
weighing everything from mobile and
prepaid strategies to the rollout of
new security technologies and the
emergence of new competitors. Faced
with shifting and even contradictory
currents, they find the ultimate direction
of events is not always clear. As
a result, they are often hesitant about
moving forward with new approaches. For more info: www.nafcu.org/vantiv
SPA Presentation at Cartes America
Contactless Card Shipments Break all Records as
Consumers Adopt New Ways to Pay
• Contactless technology was present on 23 percent of all payment cards shipped worldwide in 2012
• Contactless growth in Western Europe and Asia exceeded 100 percent
• More than 220 million contactless cards were delivered by Smart Payment Association (SPA) members in 2012
• SPA believes the harmonization of ISO, SEPA and EMVCo standards will ensure the global interoperability of new NFC contactless services for consumers.
23rd April 2013
The future of wealth management relies on the successful use of technology.
Traditionally, wealth managers have built their businesses on personal relationships, often going back decades and relying on regular face-to-face contact. It is a formula that served the
industry well in the past, but has left it wanting in an era of tougher regulation, and the explosion of digital technology
in the workplace and at home.
Under pressure from regulators and technological developments elsewhere in financial services, the industry is evolving, though some firms and advisors have been quicker to adapt to
change than others.
Finding the right balance is not easy and there is no single answer that would work for all firms and with old styles of service competing against new, the industry is struggling to find its footing. This gives rise to a new breed of advisor, one that is able to adapt to the changing face of the market and utilise
all of the technological tools at hand to better serve their clients – the bionic advisor.
Blockchain Account Aggregation oct 2019 rev nciTaras Kuzin
Application of blockchain, distributed ledger, to FI account aggregation. Today, FI account aggregation is handled by a handful of aggregators, which mostly use customers’ credentials. We believe distributed ledger technology could be successfully applied to the account aggregation. The technical implementation is relatively straight forward and would require a private, permission based distributed ledger. Naturally, there is a strong network effect. Therefore, for our model to be successful, we need to create a consortium, which can be comprised of various participants, including (but not limited to) top banks.
Bank Information Share Authorized Through Distributed Ledger Technologies
Patent date Issued Nov 12, 2019 Patent issuer and numberus 10,474,834
A list of common sources of competitive advantage. Useful aid for a corporate exercise accessing current competitive advantage and for future development.
2. Critical Factors for Mobile Payments
1. Development of “Open Mobile Wallet.”
2. Use of Near Field Communications (NFC) contactless
technology resident in a smart phone and merchant terminals.
3. Use of existing rails, including the ACH network for non-card
payments, for mobile payments platform(s).
4. Dynamic data authentication for security and fraud mitigation.
5. Industry certification program to ensure both domestic and
global interoperability.
6. Development of regulatory oversight model and compliance
responsibilities by bank and non-bank regulators.
7. Creation of Trusted Service Managers that would oversee the
provision of interoperable and shared security elements used
in the mobile phone.
3. SWOT Analysis Reveals Many Obstacles
STREAGTHS WEAKNESSES
Contactless mobile technology resident on the cell phone High cost of deploying of software and hardware
chip reduce payment fraud
Adopting existing systems to changing and new standards
Mobile payments may reduce PCI compliance cost for
merchants Risk of making the wrong costly business decisions in the
new and evolving industry
Some POS are already equipped with NFC technology
Limited experience dealing with banking and payments
NFC is compatible and interoperable with other current rules
systems existing hardware and communication protocols
(e.g. security) Until common industry standards developed, firms must
make relationship specific investments
Company’s brand recognition and many location in the US
Relationships with Mobile Network Operator(s)
OPPORTUNITIES THREATS
18 percent of US households do not have a bank account Well defined payment & banking infrastructure
Most large U.S banks offer customized banking applications Pilots failed to produce evidence of sustainable biz case
34 percent of US consumers now own a smart phone Different payment methods available to consumers in US
Smart phone market is growing at compound annual growth Currently uncertain consumer demand
rate of 17 percent
Unbanked will not be innovators and early adopters of
Opportunity to reduce merchants’ royalty and rewards mobile payments
program management costs
Robust fraud analytics around mag-stripe technology
New marketing opportunities for couponing, targeted
advertisements Stakeholders are reluctant to invest in terminals & handsets
15-20 percent of all gift cards are never redeemed – Potential conflicts and barriers to development of a
component of new value proposition to customers ubiquitous, interoperable solution for mobile payments due
to different ideas by industry stakeholders
Banks are conservative and less eager to invest in M-
Wallet
4. Business Models Are Undefined
OPERATOR-CENTRIC MODEL BANK-CENTRIC MODEL COLLABORATION MODEL
Description: The mobile operator Description: Issuing bank owns the Description: Model involves
acts independently to deploy mobile relationship with customer and is collaboration among banks, mobile
payment applications to NFC-enabled responsible for getting payment into operators and other stake-holders in
mobile devices. The customer may customers' hands in much the same value chain, including a potential new
prepay, or the operator may add way as bank cards are distributed. third party to manage the deployment
charges to the customer's existing The merchant relationship is owned of mobile applications.
wireless bill. by the acquiring bank.
Pros: Comparable models exist in the
Pros: Sufficient profits can be Pros: 4 Players in the payment credit card industry for customer
recognized and allocated to all transaction model can be modified for acquisition and marketing fees
parties. M-Payments easier. The value chain between partners. Model supported
for each participant is relatively clear by all stakeholders. Stakeholders
Cons: Does not adequately address and easily understood. A merchant focus on their own core
all business concerns. Mass adoption gets faster transaction times and competencies. Creates new revenue
from merchants and consumers will increased spend. from incremental services.
be difficult.
Concerns of risk, privacy, and fraud. Cons: Small chance for reducing Cons: The amount paid and collected
Billing and customer service merchants’ transaction fees. by each stakeholder is the source of
requirements challenge to mobile Partnerships and revenue sharing considerable contention. Slow
operators. Lack of business with mobile operators would be adoption due to the number of players
relationships between merchants and impossible to avoid. Multiple wallets who must agree on standards and
operators. on consumers’ phones and hence business models. No comment
slower adoption. Banks are reluctant platform or standards.
to invest into new technology.
PROBABILITY OF ADOPTION
LOW HIGH
5. Value Chain is Complex
P T
A R S
M A T H
Y A O
O C I R A
M D F
B Q S U C N
E E T
M I U S S A D
N W
E L I U T R
T A A
R E R I E D S
I S R
C N D E
C P S E
H N G B T
A R O
A G S R
R O C V
N B E A M
R C I E
T B A R N A
I E A N
S A N V D K
E S T D
N K I S E
R S I O
K S C R
S O O R
S E S
R N S
S S
Unless disintermediated, everyone must derive benefits. Otherwise, the chain will break down!
6. Multigenerational Plan for Industry
GENERATION
I-STEP II-STRETCH III-LEAP
Create a Mobile Payment platform that
Smart phone use NFC technology is
capitilizes on existing mobile capabilities
VISION used as a new channel for existing True Open M-Wallet
at POS in order to perform rudimentary
credit and debit cards schemes.
"riskless" mobile transfactions.
Partner with 3rd parties and existing Establish infrastructure to NFC Develop partnerships among banks,
partner FI's to leverage their and payments initiated through credit and insurance, and ancillary product
merchant's POS infrastructure and debits cards issued by conventional companies. Establish 3rd party entities
STRATEGY
financial resources to offer rewards and players. Develop consortiums of non- to promote certification program to
offers redeemable by M-payments. Use competing merchants to fund joint ensure both domestic and global
existing rails, including the ACH. product/service development. interoperability.
▪ Loyalty & rewards programs
▪ Loyalty programs with other firms ▪ Prepaid and gift cards
▪ Gift/prepaid cards redeemed through ▪ CASA (Checking/Savings) ▪ Integrated banking services with full
M-payment ▪ Virtual debit and creadit cards residing suite of products
PRODUCTS
▪ UPC/Bar Codes used to redeem on a chip in the smart phone ▪ P2P M-payments
coupons or existing reward programs ▪ Diversification into consultative selling ▪ Cash disbursements
▪ Promotional coupons in addition or to other merchants
instead of email blasts or direct mail