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Payments systems visions, strategies, trends, pilots, forecasting, and planning for the short-, medium-, and far-term.
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Vilmos Levente Kovacs Managing Director at Simplexion Informatikai Kft.
By the SEPA Direct Debit (SDD) scheme, which is currently under implementation is Single Euro Payment Area (SEPA) client authorize the service provider to collect. Under this mandate the service provider authorize its bank to collect the cost of service usage. SDD also allows up to single point of collection. The aim by the regulator to implement ...
29 July 2011 /payments
Miloslav Hoschek Freelancer at e-Silk Road, NGO
EU portable mobile phone number and account number as one unit in 2025?.... cont. copyright Miloslav HOSCHEK PhD independent consultant mhoschek/ad/gmail.com
19 July 2011
Retired Member
In my last post, I discussed the recent findings published in the 2011 AFP Payments Fraud and Control Survey which concluded that the rate of payments fraud attacks remains stubbornly high. Continuing with this topic, here are some industry best practices for combating payment fraud as it relates to B2B A/P payments. A single, centralized system ...
06 July 2011 /payments
Speculations are recrudescing over and over about the existence of European Monetary Union connection of deepening of Greek crisis. But the integration of financial systems are not seems to be stopped indicates the strength of Monetary Union. The project manager of Target2-Securities that implement interoperability to European securities market ho...
05 July 2011 /payments
I was received a question about my article published some days before, that can account portability worth to banks? At first sight it’s easy to say yes. If using the analogy of regulatory intervention of cell phone companies, the answer is not obvious. Cell phone companies that forced by regulators to implement phone number portability and roaming...
03 July 2011 /payments
The timing reason of the question is an announced of British banks that being on a verge of account portability implementation. Connection with same day clearing as if Hungary is might up to slip the most important condition. This most important condition is the standardization of bank - client communication. Without the standardization it is inc...
23 June 2011 /payments
It seems that the biggest European banks find the time has come to establish an own card company. Can be a new card company successful against the duopoly of VISA and MaterCard, so that China wants to establish its own one? It's not easy to answer yes to that question at first sight. However note that the NCF (Near Field Communication) chip integr
15 June 2011 /payments
Financial institutions, banks and credit cards companies, have invested billions of euros over the last 30 years on payments systems. However over time the complexity of the overall system architectures in place is proving hard to leverage to meet today's demands. But doing away with the old and start from scratch with the new will prove more diff...
13 June 2011 /payments
Every time I get new service or new card, I get new user name and new PIN code. As it is written in many data security manuals, never store your codes next to computer, mobile device or similar places, where it can be found. it is also written that newer use same user names or passwords to different places. Problem is that I will forget passwords ...
07 June 2011 /payments
I have been working with one client to research and open their eyes about different options about to pay online. For example, in my former native country- Finland- most of the people prefer to pay with online bank based debit payments over credit cards when doing business online. 70 % or more is exact number. It is easy, it is fast and both mercha...
01 June 2011 /payments
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