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Payments systems visions, strategies, trends, pilots, forecasting, and planning for the short-, medium-, and far-term.
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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 ...
29 March 2011 /payments
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...
24 March 2011 /payments
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...
21 March 2011 /payments
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...
17 March 2011 /payments
As direct debit still is one of the most convenient ways to pay bills, especially when paying monthly recurring payments like gym member ship fees or monthly subscription of magazines or news. It is not only convenient for merchant but for consumer. E-mandate looks really nice on SEPA paper, when consumer gives a right for merchant to bill me ever...
14 March 2011 /payments
Why do companies continue to pay by check? In part three of the series, “The Top 5 Reasons Why Checks Still Dominate B2B Payments” I explore the challenges associated with bringing about process change. Reason #3 - Process Change. The migration from paper to electronic payments will lead to process change and anyone who has tried to introduce bus...
10 March 2011 /payments
Today I spoke with my account about e-invoice. As I would like to use e-invoice as much as possible, there are some obstacles which annoys me quite a lot. Even in Finland, where we have everything structured, some invoice operators are not discussing with each other, not even technical level and that confuses not only me but my account company. Th...
04 March 2011 /payments
Why do companies continue to pay by check? In part two of the series “The Top 5 Reasons Why Checks Still Dominate B2B Payments” I explore the absence of paper remittance data as a perceived obstacle to timely, accurate cash application when paying electronically. Reason #2 - Remittance. Remittance is critical for suppliers because the absence of...
24 February 2011 /payments
Barry Kislingbury Lead Solutions Consultant at ACI Worldwide
It’s funny where your inspiration comes from. I had to do my annual tax return recently, which amazingly resulted in a small refund. What surprised me though (or maybe it shouldn’t) is that Her Majesty’s Revenue and Customs (HMRC) then went to all the trouble of sending me a cheque in the post. Why does this amaze me? Well, it was the UK Gove
21 February 2011 /payments /retail
Miloslav Hoschek Freelancer at e-Silk Road, NGO
The term „liquidity trap" was suggested by Keynes (1936) as a situation in which monetary policy is unable to stimulate an economy through increasing money supply or lowering interest rates. Liquidity traps typically occur when deflation is expected. Under the Keynesian conception of a liquidity trap further injections into the money ...
17 February 2011 /regulation /sibos
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