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Payments systems visions, strategies, trends, pilots, forecasting, and planning for the short-, medium-, and far-term.
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“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
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
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
Miloslav Hoschek Freelancer at e-Silk Road, NGO
The Basel Committee on Banking Supervision may create for a 2020s decade the next generation of ANTI-DEFLATION global banking rules based on negative interest rates, simply "Basel IV Accords".... cont. copyright Miloslav HOSCHEK PhD independent consultant mhoschek/ad/gmail.com
02 February 2011 /regulation
My another passion is to understand how to identify and sign documents/ agreements online. To understand the complexity of this issue, I would like you to describe your local law and methods how you are identified when logging in to third party solutions? Second thing, what your local law says about methods which are valid to identify. So far I kn...
Turn Your A/P Cost Center into a Revenue Generator! As a follow on to my last post, Funding Your Accounts Payable Automation Projects, which discussed the use of virtual card technology to earn rebates, I thought it would be useful to offer an example of revenue potential. A corporation that prints and mails (5,000) checks per month at a cost of $...
31 January 2011 /payments
When meeting merchants who offer services online, most of them one day ask is there any other option than card based systems, where fees run up to 2,5 % or even 4 % per transaction. Of course there are other options but card payments are most common and accepted world wide. Sometimes I have wondered for example if Amazon could offer me e-invoice o...
28 January 2011 /payments /retail
Over 10 years ago my former employee (bank) with mobile manufacturer was dreaming of building dual chip mobile handset. It was planned to have one chip card for SIM and other for card payments. It never realized. Since that I have been following several mobile payment trials. Now I am keen to hear how Google will solve this dilemma. When browsing
25 January 2011 /payments
Often times, we see automation technology implemented in the same sequence as A/P processes. Areas such as document scanning, OCR, e-Invoicing, imaging, workflow and payment approval are addressed before payment execution. But did you know that payment execution has the potential to fund other A/P automation efforts? The latest trend among corpora...
21 January 2011 /payments
Can we then measure the global money supply for instance in yottabits, or 1.000.000.000.000.000.000.000.000 bits? cont. copyright Miloslav HOSCHEK PhD independent consultant mhoschek/ad/gmail.com
05 January 2011 /regulation
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