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Results: Reports: 532 found, Exhibits: 2415 found, Presentation & More: 57 found

                                        

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Payments and the Art of Liquidity Management: The Liquid Core of the Payment Business
Analyst Author: Leo Lipis | January 6, 2012

The issue of liquidity management for banks was for many years relatively minor. Regulators and bankers relied on outdated procedures, monthly liquidity reports, and ignored the deterioration of asset quality and risk concentrations that were unsupportable in the long run. Regulations, on an international scale (but with a variety of national twists) are being enacted and the effects are already being felt across banks worldwide. The shift in the speed, granularity and scrutiny expected of liquidity management will bring about deep changes in the payment industry. Payment IT vendors that can support these changes will enjoy a noteworthy advantage

Trends in US Payments: Noncash Transaction Volume Growing Despite Uncertainty
Analyst Author: Andy Schmidt | December 30, 2011

This Research Note focuses on TowerGroup’s analysis of the overall noncash payment trends found in the 2010 Federal Reserve Payments Study and their implications for FSIs and technology providers. This study was the fourth in a series of triennial studies conducted by the Federal Reserve. The study and its subcomponents, released in December 2010 and April 2011, examined payment volume and value for the following noncash payment vehicles: check, automated clearing house (ACH), online (PIN) and offline (signature)debit card, general-purpose credit card, prepaid cards and emerging payments including bill pay and P2P.

GTS Global Technology Survey: Near-Term Investment Priorities
Analyst Author: Steven Murphy | December 29, 2011

This Research Note summarizes and explores the results of a TowerGroup online survey of transaction banking executives in all regions across the globe. This survey, conducted in July 2011, focused on investment priorities relateding to transaction banking technology and processes for both regional and /or global businesses. It captures high-level organizational technology priorities for the next 2 years in transaction banking (including delivery channels, back-office systems, risk management applications to support cash/treasury management, and trade finance).

Gift Cards 2011: Coming of Age in a World of Chaos
ViewPoint Report: Analyst Author: Brian Riley | November 22, 2011

This TowerGroup ViewPoint explains how gift cards transformed from an unreliable, fee intensive product into a leading form of stored value. The ViewPoint looks forward and explains how the product will help accelerate the electronification of cash as e-gifting becomes socialized and mobile payments take hold in the United States.

Better Score: Strategies to Identify and Shift Transaction Volume from Debit to Credit Cards
Analyst Author: Brian Riley | October 27, 2011

Debit card transactions are subject to price controls that reduce interchange revenue by 40%. Under Dodd-Frank, the gap between credit and debit interchange widened from a 125 basis point (bp) spread to 175bp. Credit cards are inherently more profitable because of higher interchange and the revenue dynamics of risk based interest.

This Note discusses card issuer revenue challenges and illustrates significant portfolio differences between high-margin credit cards and those dominated by low-margin debit accounts.

Commercial Cards: Projected Global Outlook Is More Virtual Growth
Analyst Author: Steven Murphy | October 19, 2011

The commercial cards business has recovered from the 2008-2009 dip in travel expenditures in North America and Europe, caused by the global financial crisis (GFC). Global volumes continue to rise but are driven by varying dynamics based on regional economic growth, market maturity and to some extent government driven priorities. This TowerGroup Research Note reviews the current market in each of these regions, and projects spending volumes forward through 2014. For purposes of this Note, TowerGroup defines commercial cards as commercial credit cards, as opposed to prepaid or debit cards, which are covered in separate Research Notes.

Technology Solutions to Manage Instant Credit Card Decisions and Improve Customer Acquisition & Retention
Analyst Author: Dennis Moroney | October 10, 2011

This TowerGroup Research Note examines vendor technology solutions that support the shift in new credit card account acquisition and retention strategies to ones that rely less on the direct mail channel. Instant new account decisioning is the real-time acquisition process of a credit card that can occur when a consumer is surfing the internet or at a bank branch or the sales counter in a store. Instant new account decisioning attempts to optimize, in real-time, the likely acceptance of the credit card offer by the prospect.

The Unity and Diversity of European Payments in Practice: Strategies for Market Segmentation
Analyst Author: Leo Lipis | October 6, 2011

Although SEPA has unified the European market in significant ways by creating a single market for payment systems users and allowing them to choose a payment services provider from another country, the payment markets that make up Europe are far from homogeneous. Countries in Europe show strong preferences for certain payment types over others. This report examines these trends, how banks in the European market are responding to them and provides guidance to technology providers interested in selling into Europe.

Near Field Communication and Mobile Payments: Three Use Cases Looking for Adoption
ViewPoint Report: Analyst Author: Andy Schmidt | September 14, 2011

Near field communication (NFC) is a popular and often mysterious topic in the payments market because of its multiple forms and its ability to extend existing contactless payment technologies. This TowerGroup ViewPoint provides a high-level understanding of NFC and the inherent opportunities and challenges it presents for financial services institutions, which include increasing the existing footprint of participating issuers, and possible disintermediation by other market participants as firms including American Express, AT&T, Discover, Google, MasterCard, PayPal, T-Mobile, Verizon, and Visa vie for a piece of the mobile payments pie.

Debit Card Rewards: Gone Today, Here Tomorrow
Analyst Author: Brian Riley | September 7, 2011

Debit cards provide consumers with electronic access to current funds maintained in checking or other bank accounts. US consumer spend volume now exceeds $1.3 trillion annually after eleven years of mass adoption; more than one out of every three transactions are made with these payment forms.

This Note discusses the demise of debit reward programs in reaction to Dodd-Frank price controls and recommends card issuers consider the original objectives of reward programs as they redefine their debit card offerings. They must ensure products stimulate transaction volume, protect against account attrition and reinforce the importance of a lasting financial relationship.

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Document Market Challenges and Business Opportunities in Data Management

Seventy-five percent of data management executives expect to number of data sources to increase exponentially. However, only 30% of IT business leaders believe they have the capabilities needed to manage this growth.

On Thursday, November 3rd, TowerGroup brought together executives in the Capital Markets and Investment industry to discuss challenges and solutions to improve data management. This session gave executives the opportunity to discuss strategies for optimizing the cost of sourcing financial data, increasing the quality of data, and reducing data integration risk.

TowerGroup Live (Recording) Introducing the TowerGroup Payments Database: A View Into Global Payment Volumes (PDF 1202 Kb)

Presented by:

Andy Schmidt

A few years ago, TowerGroup created the TowerGroup Payments Database (TGPD) to support its ongoing information technology spending forecasting activities. This repository of historical payment information and future payment projections contains transaction volumes for the five main non-cash payment types: debit card, credit card, check, and ACH (credit transfer and direct debit) for over 115 countries across the globe.

Together, TowerGroup and the Corporate Executive Board have added significant quantitative muscle to the database, enabling it to more accurately forecast payment volumes on a global, regional, and country basis over a five-year period.


TowerGroup Live (Recording) Managing New Standards and Market Volatility with Actuarial Technology (PDF 722 Kb)

Presented by:

Sam Stuckal

With new reserving standards on the horizon and a growing policy base, insurers need to respond with mature processes and sound technology investments in actuarial systems. Our review of actuarial reserving systems will help you automate actuarial processes to drive the risk management of your business in today's challenging environment.

TowerGroup Live (Recording) Mobile Technology and the Wealth Management Client (PDF 690 Kb)

Presented by:

Darrin Courtney

The adoption of smartphone and tablet mobile devices to access the Internet has exploded in the last few years. According to a recent survey, 35% of US adults own a smartphone, and of those owners, 84% access the Internet and 37% check their bank account balance. However, a recent survey we completed of HNW clients shows that mobile technology in wealth management is still in its relative infancy, as no more than 2% of clients use a mobile device to interact with their firm or had information presented to them by an advisor using a tablet computer.

This webinar shows members how best to formulate mobile technology strategies by:

  • Evaluating the use of the mobile channel by clients for interacting with their wealth manager
  • Comparing the impact of tablet computing, mobile access, and real-time monitoring on client and advisor behavior

TowerGroup Live (Recording) Six Pillars of Innovation in Data Management (PDF 1603 Kb)

Presented by:

Gert Raeves

The management of data in financial services is a perennial challenge. Acquiring the data is expensive, and the quality of the data is often uncertain. In 2011 alone, financial institutions will incur expenditures in excess of $24 billion on data and data management. At the same time, data drives every trading and investment decision, is transmitted along the service chain, and is the root cause of many risk and liability mitigation challenges for both the sender and receiver of data.

This webinar demonstrates how to prepare for transformative changes in the data management space over the next three to five years by:

  • Investing in technology innovation to improve data quality
  • Focusing on cost containment to reduce the time-to-benefit
  • Understanding how data democracy creates opportunities for service providers


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