Presentation is loading. Please wait.

Presentation is loading. Please wait.

1 Connecting Legacy Systems to Mobile and Social Media Applications David Luther General Manager, North America Distra.

Similar presentations


Presentation on theme: "1 Connecting Legacy Systems to Mobile and Social Media Applications David Luther General Manager, North America Distra."— Presentation transcript:

1 1 Connecting Legacy Systems to Mobile and Social Media Applications David Luther General Manager, North America Distra

2 2 © 2011 Distra Pty Ltd. All rights reserved. In the payments world increasingly there is a divide…. Between the Old Payments World… …And the New Payments World

3 3 © 2011 Distra Pty Ltd. All rights reserved. If we look back 20 years… MerchantEFTPosATMCard Schemes Financial Institution

4 4 © 2011 Distra Pty Ltd. All rights reserved. Or even 5 years… Web MerchantEFTPosATMCard Schemes Financial Institution

5 5 © 2011 Distra Pty Ltd. All rights reserved. Yet in the last couple of years the payments world has changed considerably… WebMobilePaypalFacebookGoogle Merchant EFTPosATMCard Schemes Financial Institution

6 6 © 2011 Distra Pty Ltd. All rights reserved. Google Glasses – coming Christmas 2012

7 7 © 2011 Distra Pty Ltd. All rights reserved. Google Glasses – coming Christmas 2012

8 8 © 2011 Distra Pty Ltd. All rights reserved. Jeffrey Neubert, President and CEO, New York Clearing House Times are changing… Quickly… “I predict the next decade will bring more change in mainstream institutions than we have seen in the past decade or two. I think many of those changes will be in payments.”

9 There are 4 drivers contributing to the payments divide Customised Offerings Real-time Rich Experience Relevant & Timely Offers Non-bank Players - Paypal, Google, Facebook New Markets – China, India, Latin America, Russia Smart Phones NFC/Secure Element 2D Barcodes, Tokens Social Media Cloud, SOA Faster Payments Dodd Frank/Durbin SEPA PCI, EMV Regulation & Fraud Technology Customer Expectations New Entrants

10 10 © 2011 Distra Pty Ltd. All rights reserved. New entrants are changing the game

11 11 © 2011 Distra Pty Ltd. All rights reserved. We have seen a mobile explosion 4+ billion mobile phones globally Global mobile payment transactions to reach $1.13 trillion in 2014 from $37.4 billion in 2009 Biggest growth in mobile payments coming from non-bank providers Sources: IEMR Global Mobile Payment Market Forecast 2011 Aite Group

12 12 © 2011 Distra Pty Ltd. All rights reserved. Cloud is changing the way payments services are delivered

13 13 © 2011 Distra Pty Ltd. All rights reserved. New channels and developing markets are fueling payments volumes

14 14 © 2011 Distra Pty Ltd. All rights reserved. And with new players, channels and technologies come reliability, performance, and security concerns

15 15 © 2011 Distra Pty Ltd. All rights reserved. Legacy payment technologies can’t always keep up Financial Services Technology Consortium (FSTC) “"Existing payment systems that have long met the needs of an earlier generation of financial services users are now increasingly expensive to maintain and isolated from mainstream advances in technology.

16 16 © 2011 Distra Pty Ltd. All rights reserved. Innovation AND security/reliability/performance without the need to rip and replace or for costly infrastructure “Forward-looking banks will adopt payment and architectural standards in their payments infrastructures to gain flexibility and provide value without having to completely replace legacy systems.”

17 17 © 2011 Distra Pty Ltd. All rights reserved. Australian medical benefits claims Previously medical claims process was manual and paper-based In 2007 Medicare implemented a process to automate medical claims and payments, enabling: o Instant Medicare claim o Instant Medicare payment o Instant gap payment Greatly benefited insurers, doctors and patients “Easyclaim will allow patients to lodge a Medicare claim by swiping their Medicare card and debit card through their doctor's EFTPOS terminal. It will make claiming Medicare rebates easier and significantly more convenient, which can only be good news for doctors and patients alike.”

18 18 © 2011 Distra Pty Ltd. All rights reserved. U.K. Faster Payments Faster Payments is a “same day” (real-time) clearing requirement, legislated by the U.K. Government for various ACH payments Enables phone, internet and standing order payments to move within minutes Launched in 2008 in the UK VocaLink provides the Faster Payments Gateway (FPG) Vocalink uses Distra for the Payment Switch and Direct Corporate Access UK Faster Payments “We selected Distra’s technology as a key component of our [Faster Payments] solutions because its uniquely innovative architecture provides a combination of real-time performance, reliability and agility.”

19 19 © 2011 Distra Pty Ltd. All rights reserved. Barclay’s P2P mobile payments app for Android, Blackberry & iPhone Launched in UK in Feb 2012 Barclays 11.9M customers can make payments instantly via mobile Barclay’s Faster Payments Gateway, powered by the Distra Universal Payments Platform (UPP), processes PingIt transactions within 30 seconds so that money is moved instantly Barclays Pingit (P2P mobile payments) "Barclays' Pingit could revolutionize the way people send and receive money. …it is free, quick, convenient, secure, and easy to use. You can send and receive money in seconds without having to enter account details. I'm sure we'll soon be wondering what we did before it." Antony Jenkins, Chief Executive Barclays Retail and Business Banking

20 Barclays Pingit brings together the old & new payment worlds Person-to-Person Pingit Corporate Portal Real-Time Switch Voca Payment Switch Direct Corp. Access ISO8583 Batches ISO8583 ISO20022 Proprietary ISO8583? VocaLink Settlement Central Infrastructure VocaLink Domain Bank ISO8583

21 21 © 2011 Distra Pty Ltd. All rights reserved. Distra is helping the payments industry bridge the payments divide Old Payments World Traditional players – banks, processors, schemes ATM, POS, ACH Batch Processing Security & Reliability New Payments World New players – Google, Paypal, Facebook Mobile, Social Real-time Processing Flexibility & Innovation Convergence & Collaboration

22 22 Questions?


Download ppt "1 Connecting Legacy Systems to Mobile and Social Media Applications David Luther General Manager, North America Distra."

Similar presentations


Ads by Google