Payments strategies 2015-2020-2030

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

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...

17 March 2011 /payments

Retired Member 

e-mandate- how, where and when

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

Retired Member 

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

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

Retired Member 

Direct debit or e-invoice, big confusion

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

Retired Member 

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

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

From Tax returns to SEPA - Governments should lead the way

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

Liquidity trap solution based on negative rate

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

Retired Member 

Why do Checks Still Dominate B2B Payments in North America?

“For years we’ve been hearing that checks are going away, yet they are still used for the majority of B2B payments in North America.” I have heard that statement at nearly every trade show that I have attended this year. The trend toward electronic payments has been strong in the retail banking world where the ever growing availability of online...

17 February 2011 /payments

Retired Member 

Direct debit as online payment option

Last week or so, my client asked if they could use direct debit as optional payment method. To me this is really valid point. They said that when offering their service from iTunes, they pay hefty 30 % commission for Apple. When offering service to be paid with credit card, commission is nearly 2,5 % to 4,5 % per paid service. When discussing with...

10 February 2011 /payments

Retired Member 

Will My Suppliers Accept a Card Payment

In the B2B world, generally speaking, buyers and suppliers both understand the benefits of moving to electronic payments. These benefits include higher rates of straight-through processing, reduced bank fees, improved security, quicker settlement, and reduced costs. Typically, electronic invoice payments are made over ACH networks. Now, in addit...

09 February 2011 /payments