Apple iTunes next to join this payment thang?

I am excited to go to this year’s Sibos event in Boston.  There has been so much noise around P2P payments, new pcard models, real-time payments and other disruptive cheap, free, low cost solutions that I look forward to engaging with both banks and vendors alike to gain their perspectives.

Domestic money transfers has always been the easy puzzle to solve. It’s moving money cross border that gets into the real headaches. I have long used international wires and have found the banks to be expensive, lacking in remittance information, and involving multiple banks where the left hand doesn’t know what the right is doing. In effect, offering an inferior product at higher prices with less transparency than the market.

We all know PayPal does a good job of moving money fast. But who else? Amazon has intentions to service their network users. Now it is rumored Apple is looking at the payment space.

The Sibos session on payments will be interesting. The session lists the following speakers:

Chidi Okpala, Director & Africa Head, Airtel Money, Bharti Airtel Africa

Massimo Cirasino, Head Payment System Development Group, The World Bank

Mark Buitenhek, Global Head Transaction Services, ING

Michael Fiore, SVP and Group Head Personal Payments and Mobile Money | Emerging Payments, MasterCard

Emma Loftus, Managing Director, USD Clearing Product Executive , J.P. Morgan

For those that can make this year’s Sibos in Boston, I look forward to saying hello in person.

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