Monday, June 7, 2010

New Aite Report: Payments Maturity Model Modernizes Payments Processing












A New Report from Aite Group
The Payments Maturity Model: A Tool to Modernize Payments Processing

As Banks Consider Updating Their Payments Systems, The Payments Maturity Model Provides A Framework For Identifying Payments System Needs And Advancing The Upgrade Process.

Boston, MA, June 7, 2010 – A new report from Aite Group introduces the Payments Maturity Model (PMM), a method for assessing banks’ current payments systems and helping drive the process of updating these systems.
 
As a result of multiple mergers and acquisitions over the years, banks often maintain duplicate systems for processing various types of payments. Further, banks and their clients maintain systems and operations, information technology, customer service, and risk and audit staff for each different type of payment. Banks are interested in moving toward "payments hubs" (consolidated payments systems) to achieve overall cost savings, improve margins, better manage risk, speed time to market with new products and services, and support "markets-of-one." Payments vendors want to support banks in these undertakings while promoting iterative opportunities and benefits. Banks lack clarity regarding the status of their current payments systems, the stages of new system development or deployment, and the value that will be achieved by the bank at each stage.
The Payments Maturity Model, created jointly by Aite Group and ACI Worldwide, defines five stages of payments maturity: bank reliability, scalability, efficiency, responsiveness, and agility. It is vendor-neutral, leverages historical technology investments, and provides a path forward for banks, with value creation at every stage. The report illustrates the transitions between each stage of the model and describes the benefits for banks that choose to progress through each. The report also makes the case for industry participation in finalizing the details of the PMM, and encourages industry adoption of the model to facilitate modernization of payments processing. Finally, it supports banks in creating a business case for investment at each stage of the model.
“Although individual banks and their customers, payments vendors, industry utilities, and consultancies can benefit from implementing the Payments Maturity Model, the greatest benefits will be realized when the model is adopted by the payments industry as a whole,” says Nancy Atkinson, senior analyst with Aite Group and author of this report. “Similar to maturity models adopted by the industry in other areas, the PMM implements a common language and structure that supports all constituents as they consider improving their payments business.”
This 32-page Impact Note contains 14 figures and four tables. Clients of Aite Group's Wholesale Banking service can download the report by clicking on the icon to the right. 
Related Aite Group Research:
To purchase this report or

for additional information,

please contact:

Aite Group SalesTel: +1.617.338.6050sales@aitegroup.com

New Aite Report: Payments Maturity Model Modernizes Payments Processing












A New Report from Aite Group
The Payments Maturity Model: A Tool to Modernize Payments Processing

As Banks Consider Updating Their Payments Systems, The Payments Maturity Model Provides A Framework For Identifying Payments System Needs And Advancing The Upgrade Process.

Boston, MA, June 7, 2010 – A new report from Aite Group introduces the Payments Maturity Model (PMM), a method for assessing banks’ current payments systems and helping drive the process of updating these systems.
 
As a result of multiple mergers and acquisitions over the years, banks often maintain duplicate systems for processing various types of payments. Further, banks and their clients maintain systems and operations, information technology, customer service, and risk and audit staff for each different type of payment. Banks are interested in moving toward "payments hubs" (consolidated payments systems) to achieve overall cost savings, improve margins, better manage risk, speed time to market with new products and services, and support "markets-of-one." Payments vendors want to support banks in these undertakings while promoting iterative opportunities and benefits. Banks lack clarity regarding the status of their current payments systems, the stages of new system development or deployment, and the value that will be achieved by the bank at each stage.
The Payments Maturity Model, created jointly by Aite Group and ACI Worldwide, defines five stages of payments maturity: bank reliability, scalability, efficiency, responsiveness, and agility. It is vendor-neutral, leverages historical technology investments, and provides a path forward for banks, with value creation at every stage. The report illustrates the transitions between each stage of the model and describes the benefits for banks that choose to progress through each. The report also makes the case for industry participation in finalizing the details of the PMM, and encourages industry adoption of the model to facilitate modernization of payments processing. Finally, it supports banks in creating a business case for investment at each stage of the model.
“Although individual banks and their customers, payments vendors, industry utilities, and consultancies can benefit from implementing the Payments Maturity Model, the greatest benefits will be realized when the model is adopted by the payments industry as a whole,” says Nancy Atkinson, senior analyst with Aite Group and author of this report. “Similar to maturity models adopted by the industry in other areas, the PMM implements a common language and structure that supports all constituents as they consider improving their payments business.”
This 32-page Impact Note contains 14 figures and four tables. Clients of Aite Group's Wholesale Banking service can download the report by clicking on the icon to the right. 
Related Aite Group Research:
To purchase this report or

for additional information,

please contact:

Aite Group SalesTel: +1.617.338.6050sales@aitegroup.com

iPhone 4 Launching 6/24 for $199

The new Apple iPhoneImage by Victor Svensson via Flickr


iPhone 4 announced, launching June 24 for $199 with new FaceTime ...



Jun 7, 2010 ... Apple has unveiled its new iPhone 4 after a couple wild, unprecedented months of leaks. Sure, it looks exactly like we expected it to.

www.engadget.com/2010/06/07/iphone-4-announced/ - 5 hours ago








Apple iPhone 4 specs include:


  • A4 processor.

  • Dual microphones (noise cancellation).

  • Connectivity details - quad band HSDPA/HSUPA 7.2/5.8 up. 802.11 n WiF, GPS, 3G.

  • Connectivity speeds - (theoretical) Maximum of 7.2Mbps down and 5.8 Mbps up.

  • Reception - Uses stainless steel border as an antenna system for BT, WiFi and GPS, other half leveraged for UMTS/GSM.

  • Battery - Seven hours of talk time on 3G networks, up to 10 hours of web browsing on Wi-Fi, six hours on 3G, 10 hours of video playback and up to 40 hours of audio playback.

  • Two cameras (front and back) - 5 megapixel, backside illuminated sensor, 5x digital zoom, tap to focus and back camera with LED flash.

  • HD video recording - 720p video at 30 frames per second (FPS).

  • Facetime video calling.

  • Three-axis gyroscope - for more "precise movement." Note: Gyroscope and accelerometer facilitate six-axis motion sensing.

  • Micro-SIM tray.

  • Operating system: iOS 4.

  • Pricing and availability: Black/white - $199 16GB, $299 for 32 GB.

  • Availability: June 24.









Related:











iPhone 4 - Apple's multi-tasking, Bing surfing upgrade is sharp vision of ...

NEWS.com.au - Stephen Fenech - ‎27 minutes ago‎
This band also acts as the iPhone 4's antenna. And while I was impressed with the hardware, the software -iPhone 4.0 operating system - was also pretty ...

iPhone 4 Looks Great But Won't Stop Android (AAPL, GOOG)

San Francisco Chronicle - Dan Frommer - ‎3 hours ago‎
Apple's new iPhone 4, unveiled moments ago, is easily Apple's best yet. But it won't stop Google's surging Android operating system, and doesn't address ...

iPhone 4 sets the bar high, yet again!

Techtree.com - Rohan Naravane - ‎3 hours ago‎
And it was simply called the iPhone 4! Despite power-packing the iPhone 4 with so many features, Apple claims a higher battery life of up to 10 hours of ...

Four On The Floor: iPhone Upgrade Doesn't Disappoint, Feeds Mounting iAd Hype

Mediapost.com - Mark Walsh - ‎29 minutes ago‎
The highly-anticipated iPhone 4, which will go on sale June 24, was showcased Monday by Apple CEO Steve Jobs at the company's annual Worldwide Developers ...

Apple iPhone 4 is launched. We think it's very nice.

TechWhack (blog) - ‎53 minutes ago‎
Apple has done it again with the iPhone 4 which is the latest generation smartphone from the company. You can see that the device is pretty similar to the ...

iPhone 4: The Specs

Wireless Week - Andrew Berg - ‎1 hour ago‎
While the iPhone isn't flawless, the Apple device in this latest revision, the iPhone 4, is arguably as close as ...

iPhone 4 is a platform, competing smartphones are mere products

Beatweek Magazine - ‎1 hour ago‎
It wasn't just the rollout of the iPhone 4 itself today that propelled the iPhone platform so far ahead of competing smartphone platforms that geek pundits ...

Is the iPhone 4 just eye candy?

TG Daily - Aharon Etengoff - ‎1 hour ago‎
The iPhone 4 is one tricked out device. But can a slick display, faster processor and longer battery life help keep Android-powered devices at bay? ...

What The iPhone 4 Means For Mobile Marketing, iAd

Mobile Marketing Watch (blog) - ‎2 hours ago‎
Like all previous iterations, the iPhone 4 provides a wealth of opportunity for mobile marketing and advertising, but the primary benefit introduced in the ...

Verizon iPhone 4: Alternatives after no 2010 announcement

Product Reviews (blog) - Gary Johnson - ‎1 hour ago‎
Now that Verizon customer's won't be getting the new iPhone any time soon as we reported earlier, they will have to look at other smartphone choices. ...

Apple iPhone 4 photo gallery

FoneHome (blog) - ‎2 hours ago‎
The iPhone 4 is a thing of beauty. Whatever you think of Apple products, you'll have to concede its design is a little bit wonderful. ...

Verizon iPhone Alternatives

PC Magazine - Sean Ludwig - ‎3 hours ago‎
The just-announced iPhone 4 is a big step up in design from iPhone 3GS. The new model offers a compellingly new design with a new glass back and a juiced-up ...

Goggles for iPhone 4 Soon

LANewsMonitor.com - ‎1 hour ago‎
It has been confirmed by Google that Apple iPhone would soon have the company's visual search application Goggles. This is being considered as a critical ...

Apple iPhone 4 specs revealed

T3 - Kieran Alger - ‎4 hours ago‎
Apple unleashes the iPhone 4 - the 'slimmest smartphone on the planet'. You've heard all the rumours, soaked up all the leaks and now we can tell you what's ...

Apple iPhone 4 is out. Google Android owners are frustrated.

TechWhack (blog) - ‎1 hour ago‎
... the device hoping Google would give them some advantage. Remains to be seen what iPhone 4 launch does to the Android brigade in the US and global market.

iOS 4 and Android 2.2 Froyo Comparison Battle

Phones Review - ‎51 minutes ago‎
Device wise iOS4 will work on the iPhone 4iPhone 3GS, the iPad in the fall, while the iPhone3G and iPod Touch will gain iOS 4 with limited features. ...

Android 2.2 Ported To iPhone [Folks Behind iDroid Serve Up Froyo For iPhone...

TFTS (blog) - Kevin Schram - ‎8 hours ago‎
Apple to replace Android 2.2 on the iPhone 4? Well, not exactly. The folks behind the iDroid project (the project that ports Android to the iPhone) have ...

Apple Could Jump-Start Mobile Advertising, Challenge Old Media

Wall Street Journal - Nat Worden - ‎1 hour ago‎
Mr. Jobs said the iAd platform will be built into Apple's upcoming new phone, the iPhone 4, which he introduced at the conference. The platform, he said, ...

Picture This: Google's Image Search Coming to iPhone Soon

TMC Net - David Sims - ‎43 minutes ago‎
Google's Goggles visual search application is coming to Apple's iPhone (News - Alert) soon – the new, slimmer, sleeker iPhone 4...

Consumers win in the Apple vs. Google "war"

Appolicious - ‎51 minutes ago‎
The iPhone 4 unveiled Monday at Apple's World Wide Developers conference may get your heart racing, but if you want to glimpse the future of Apple vs. ...

Apple unveils iPhone 4 to fend off Google

Reuters - Gabriel MadwayAlexei Oreskovic - ‎2 hours ago‎
Chief Executive Steve Jobs wowed a packed room on Monday with the new $199 "iPhone 4," which is a quarter slimmer than the current handset, ...

Apple retakes the lead

UberGizmo (blog) - Hubert Nguyen - ‎2 hours ago‎
Despite all the new improvements (faster, longer life, more pixels) the iPhone 4 is smaller than its predecessor. More importantly, it feels much better in ...

Apple unveils next iPhone, looks to fend off Google-UPDATE 3

Forexyard - Gabriel MadwayEdwin Chan - ‎5 hours ago‎
Chief Executive Steve Jobs sketched out the new iPhone 4 with more than 100 new features to a packed room at the company's developers' conference in San ...

Steve Jobs to announce iPhone 4 is better, stronger, faster

Christian Science Monitor - ‎4 hours ago‎
Just like the Six Million Dollar Man, Steve Jobs is expected to announce that the new iPhone 4 is better, stronger, and faster. Steve Jobs (not pictured) is ...

Apple iOS 4 vs. Google Android 2.2: How Do They Stack Up?

Wired News - Priya Ganapati - ‎2 hours ago‎
On Monday, Apple shot back by making its latest mobile operating system, iOS 4 — formerly called iPhone OS 4.0 — official. Apple's iOS 4, which will be ...

iPhone and Android phones: Who's buying what?

Chicago Tribune (blog) - ‎5 hours ago‎
Don Kellogg, Senior Manager, Research and Insights/Telecom Practice for the Nielsen Company wrote a June 4blog post on NielsenWire that compared the ...

Apple and Google square off over smartphone supremacy

USA Today - Jefferson Graham - ‎22 hours ago‎
Android has been out for less than two years, yet in the first quarter edged out the iPhone for second place in smartphone sales after market-leading ...

Apple's on top, time to worry

CNET - Tom KrazitErica Ogg - ‎11 hours ago‎
Its amazing how much credit the iPhone gets for what the blackberry did. by codynews June 7, 2010 8:04 AM PDT @Cometman: omg yes I've used a blackberry. ...

Google Goggles Coming to the iPhone Soon, Says Google

eWeek - Clint Boulton - ‎4 hours ago‎
June 4 that Goggles would makes its way to the iPhone soon. A spokesperson confirmed the happening, but declined to provide more clarity into the timing. ...

Apple Unveils Next iPhone, Looks To Fend Off Google

KGMI - ‎4 hours ago‎
Apple Inc introduced the newest version of its iPhone on Monday, hoping to stay a step ahead of a growing cast of rivals like Google Inc in the red-hot ...

iPhone inches ahead in US at expense of RIM, Microsoft

Electronista (blog) - ‎8 hours ago‎
Palm-, Linux- and Symbian-based devices have held flat, figuring for just 4, 3 and 2 percent of smartphones. Ownership of smartphones continues to increase ...

Idealistic Apple Developed iAds To Keep Apps Affordable

The Consumerist (blog) - Marc Perton - ‎2 hours ago‎
“iAds will reach millions of iPhone and iPod touch users—a highly desirable demographic for advertisers—and provide developers a new way to earn money so ...

WWDC 2010 iPhone OS 4.0: What We Really Want!

Phones Review - ‎9 hours ago‎
More info on this would be nice Steve Jobs, Free navigation would be nice as well within the new OS 4, no more fees for iPhone navigation please, ...

Keynote Expected to Give Jobs Chance to Showcase New iPhone

TMC Net - Alice Straight - ‎7 hours ago‎
... the newest generation of iPhone (News - Alert). While no major advances in technology are expected, techies are predicting that the OS 4 will be faster, ...

Apple iPhone Three Times Greater Than Android In Market Share!

YottaFire (blog) - ‎2 hours ago‎
Palm OS owns 4% of the whole smartphone market share while Linux and Symbian OS owns 3% and 2% respectively. The competition between iPhone OS and Android ...

WWDC 2010 Hours Away: Verizon iPhone Or iPhone 4G, Android Phone Users More ...

LANewsMonitor.com - ‎Jun 6, 2010‎
The June 4 survey also found that of Android and iPhone users who would switch operating systems, Android users are more willing to try an iPhone...

iPhone's dilemma: what to do for an encore

Edmonton Journal - Gabriel Madway - ‎16 hours ago‎
The iPhone's global share surged to more than 15 per cent in the first quarter, making it No. 3. Android was No.4 with close to 10 per cent of the market, ...

Report: 23% of US Mobile Users Own a Smartphone

Digital Media Wire - Mark Hefflinger - ‎2 hours ago‎
... followed by Apple's (NASD: AAPL) iPhone (28%); Microsoft (NASD: MSFT) Windows Mobile (19%); Google (NASD: GOOG) Android (9%); Palm (4%); Linux (3%); ...

Android deemed minnow compared to iPhone and BlackBerry

Pocket-lint.com - Stuart Miles - ‎Jun 6, 2010‎
The bad news for Android fans, however, is that when put into perspective against the BlackBerry, iPhone and even Windows Mobile, they are still in the ...

Android Phone Users More Willing to Switch to iPhone, Finds Nielsen

eWeek - Clint Boulton - ‎Jun 6, 2010‎
A June 4 Nielsen survey also found that of Android and iPhone users who would switch operating systems, the rate at which Android users would like to try an ...

iPhone OS Still Triples Android's Market Share

Gizmodo Australia - Kyle VanHemert - ‎Jun 6, 2010‎
And while it's hard to top the iPhone hype machine, reception to early versions of iPhone OS 4 hasn't exactly been rapturous. Another Nielsen graph shows ...

Why is Google Failing with Desktop Synchronization?

AndroidSPIN (blog) - Simon Walker - ‎Jun 6, 2010‎
It still amazes me that Google, the device manufacturers, and the carriers seem to have totally ...

Apple Passes Microsoft As 'Most Valuable Tech Company'

eWeek - Michelle Maisto - ‎2 hours ago‎
... the iPhone's Average Selling Price at a whopping $600,” Mather wrote in a statement, referring to Apple CEO Steve Jobs' June 7 unveiling of the iPhone 4 ...

High Expectations, But Apple Stock Down Ahead Of Jobs Keynote

ConceivablyTech (blog) - Daniel BaileySteve Jobs - ‎7 hours ago‎
Less than two hours before Steve Jobs takes the stage at WWDC 2010 in San Francisco, where the next iPhone is expected to be unveiled, investors sent ...

Apple's iPhone market share three times greater than Android in US

Apple Insider - Sam Oliver - ‎Jun 6, 2010‎
Palm took fifth with 4 percent, Linux sixth with 3 percent, and Nokia's Symbian came in seventh in the US> with 2 percent. The study found that both Android ...

Apple's iPhone vs. Google's Android: Battle may set computing future

SiliconValley.com - Troy WolvertonMike Swift - ‎Jun 5, 2010‎
A customer tries out the newly released Sprint HTC EVO 4G phone at a Sprint store in San Jose, Calif., Friday, June 4...
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