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Payments strategies 2015-2020-2030

Payments systems visions, strategies, trends, pilots, forecasting, and planning for the short-, medium-, and far-term.

Miloslav Hoschek

Miloslav Hoschek Freelancer at e-Silk Road, NGO

How to build year 2050 payment systems new strategies?

Can we use for that some of the ideas of M.Kaku, Von Neumann, Kardashev or Andreyev ´s Roza Mira? copyright Miloslav HOSCHEK PhD independent consultant mhoschek/ad/gmail.com

Retired Member

Retired Member 

B2B AP Fraud: Is it Tapering Off?

The 2011 AFP Payments Fraud and Control Survey, shows that despite advances in fraud protection and prevention in recent years, the rate of payments fraud attack remains stubbornly high. 71% of organizations experienced attempted or actual payments fraud in 2010. 93% of organizations responding to the survey reported incidents of check fraud, up t...

/payments

Retired Member

Retired Member 

Creating the Business Case for Payment Execution Outsourcing

Simply put, payment execution is the process of initiating payments, whether by check, ACH, wire or card. Increasingly, companies are looking to outsource this portion of their A/P processing. Payment initiation is time consuming, labor intensive and expensive (in the case of checks) and certainly meets the definition of a non-core business func...

/payments

Retired Member

Retired Member 

SEPA vs. Open Source development

As final day for SEPA has been changed, again. I started to think what we could learn from Open Source Development. Every day streets and meeting rooms of Brussels get important people to discuss hard topics. Every night they fly away and meet again next week or month to discuss again technical papers on important issues. This could be SEPA, this ...

/payments

Retired Member

Retired Member 

iManage my e-invoices

iManage is just idea or imaginary product, but it would be good to test if this could make more sense, at least for SME or individuals when talking about e-invoice solutions. As there are so many solutions to receive and pay e-invoices, I had opportunity to talk with other Finextra member some months ago about idea of how there should be one soluti...

/payments

Retired Member

Retired Member 

When the US Payment is the Foreign Payment

The North American B2B Payments landscape is somewhat unique, due in large part to the significantly high use of checks as opposed to ACH, wires or cards. The shortcomings of checks are well known and understood and they include higher costs, greater levels of fraud and longer settlement periods. The 2010 AFP Electronic Payments Survey indicated ...

/payments

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Retired Member 

Why Do Checks Still Dominate B2B Payments in NA? Cont'd

Why do companies continue to pay by check? In part five of the series, “The Top 5 Reasons Why Checks Still Dominate B2B Payments,” I explore the challenges of corporate inertia and resistance to change. Reason #5 - Corporate Inertia and Resistance to Change. Let’s face it, organizational change is difficult. For some, the risk of change exceeds ...

/payments

Retired Member

Retired Member 

Customer created bank services

Instead of each bank creates their own new services, is there a need for customer created banking services? Current world Today if I have a new and brilliant idea of new banking service, I tell my own bank this idea. Most of the times (9999/10000) it is automatically rejected. This means that I don't go to other banks and get same feedback. Idea My...

/payments

Retired Member

Retired Member 

Direct debit vs e-invoice

For some countries, direct debit is the main payment system, whereas some countries like to push e-invoice to be main payment system. Both are really good ways for merchant but also for consumers to receive/ pay money. When talking with merchant, their only worry or request is to get money as easy as possible without scarifying too much energy or r...

/payments

Retired Member

Retired Member 

Why Do Checks Still Dominate B2B Payments in NA? Cont'd

Why do companies continue to pay by check? In part four of the series “The Top 5 Reasons Why Checks Still Dominate B2B Payments,” I explore the challenges surrounding the perceived need for IT resources. Reason #4 - IT Resources. Every IT department will tell you that they have more projects to do than they have resources and budget to accomplish...

/payments

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