Community
Payments systems visions, strategies, trends, pilots, forecasting, and planning for the short-, medium-, and far-term.
As the owner, you will also give up ownership if you leave this group.
Retired Member
We have all heard about KYC, Know Your Customer and KYB, Know your Bank but it’s emerging that, particularly in the Corporates world, KYV, Know Your Vendor is just as important. For Corporates, the process of selecting a reliable, honourable, and committed vendor partner who not only has an in-depth understanding of their requirements and their in...
31 March 2014 /payments
I’m hearing more and more conversations mentioning Payments On Behalf Of (POBO) and there seems to be no coincidence that post-SEPA, this concept is coming to the fore. In my last blog, I discussed how a global pharmaceuticals company implemented a POBO structure to do just that. In this blog, I’ll go through the basics and discuss what POBO is, ...
19 March 2014 /payments
Scenario: What comes to your mind when you think of the future of electronic payments? Would you use your phone /nfc card/mobile wallet/ or something else? What are the key parameters when you dream about the future? a) Behavior – How does the typical user behave? b) Convenience –One less device to charge and one less password to remember? c) Unive...
27 February 2014 /retail
Miloslav Hoschek Freelancer at e-Silk Road, NGO
Y2020 SWIFT A GLOBAL CLOUD PAYMENT HUB a global reporting hub a central provider of services global reporting and consultation hub Y2014 - SWIFT over 10 thous. banks are users access to 60 HVS - high volume systems access to 20 different ACH payment systems real times sanctions screening to 30 public sanctions registers SWIFT - an ISO Registry...
20 February 2014 /payments /sibos
Our industry has become used to the moving of deadlines when it comes to industry initiatives and for some it perhaps creates a certain element of complacency. Speaking to corporates in our market, I find a broad range of concerns about readiness for SEPA, regardless of when the deadline date is actually going to be implemented. Over the last few y...
11 February 2014 /payments
The US Bureau of Consumer Financial Protection (CFPB) has issued a Proposed Rule which would bring larger US-based nonbank participants of the international money transfer market within the CFPB's supervisory jurisdiction. The Proposed Rule is available here and is open for comment until 1 April 2014. The Rule proposes that providers transacting m...
04 February 2014 /payments /regulation
Y2014 -Year ZERO D day-February 12, 2014 a new reporting for OTC derivatives takes an radical effect in Europe panic of present unprepared OTC derivatives market participants The lack of understanding what is going to happen The lack of clarity about exactelly what is required Expect the Unexpected new kind of communication between buy side a...
20 January 2014 /payments
You may have seen the big news today that the European Commission has announced a proposed extension to the SEPA migration deadline of six months, from 1st February to 1st August. Their view is that the rates of adoption are not high enough to guarantee a smooth transition. According to the latest migration stats available, credit transfer adopt...
10 January 2014 /payments
… doesn’t it? By embracing new technologies, access to services via the Cloud offers corporate treasurers of every size of organisation the opportunity to improve efficiencies and further drive down operational costs. At SWIFT we are very well aware that any change to the way we do business brings with it a dose of healthy scepticism. New services...
21 November 2013 /payments
The new world between 2030 –2050 recalls past transition points—such as 1815, 1919, 1945, or 1989. In this world will exist an absence of global power. The hegemonic power will shift to networks and coalitions in multi polar world, with declining US capacity to serve as a global security provider. The world between 2030 –2050 will launch open ...
14 October 2013 /security /regulation
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.