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B2b e-invoicing transactions growing fast

This case (e-invoices received by SMEs) represents quite well the market trend in Finland. The trend on the e-invoices-sent-by-SMEs has been steeper and the volumes much higher as so many invoice receivers (state sector, most big cities, most large enterprises) have set deadlines for accepting paper or e-mail invoices. Structured data should for a...

02 July 2010 /payments Innovation in Financial Services

Sweden, Denmark,USA,Finland..

Leaders in the Economist digital economy ranking. The survey appears to be very thorough - but I would put more weight on productivity improving innovations starting from the highest and massive volumes - invoices, payments, card transactions, accounting automation, e-banking etc. Also try to measure public-private partnerships aiming at economy o...

01 July 2010 /payments Innovation in Financial Services

The future of VAT - automatic and real time

http://boharald.blogspot.com/2010/06/future-of-vat-automatically-real-time.html We all know that today’s VAT reporting and payment process is mildly speaking cumbersome and expensive for 24 million enterprises in EU – eating into their global competitiveness. We also know that it is a very costly operation for the tax authorities (waste of tax pay...

24 June 2010 /payments Innovation in Financial Services

How to fight online card fraud - so obvious

http://boharald.blogspot.com/2010/06/how-to-solve-online-card-fraud.html Excellent YouTube presentation by Douwe Lycklama of Innopay.

24 June 2010 Innovation in Financial Services

Mobile momentum building up

When we established the Mobey Forum 10 years ago (festivites last week) it was with an impressive group of founding members; MERITA BANK PLC, ABN-AMRO BANK,UBS AG, DEUTSCHE BANK AKTIENGESELLSCHAFT, BARCLAYS BANK PLC, HSBC HOLDINGS PLC, VISA INTERNATIONAL SERVICE ASSOCIATION, BANCO SANTANDER CENTRAL HISPANO,BNP PARIBAS, SKANDINAVISKA ENSKILDA ...

20 June 2010 /payments Innovation in Financial Services

95 pct of market left to capture

20 June 2010 /payments Innovation in Financial Services

First billion passed..

With 40% speed

20 June 2010 /payments Innovation in Financial Services

If I would be a banker..

If I would be a banker these days (I used to be one – for 30 years – in what is now known as Nordea Bank) I would be worried about quite a few things. Coming from the Nordics - it would not be so much about present bottom lines and risks – it would be more about getting faster up the value chain in the payment area – before too many new players wi...

17 June 2010 /payments Innovation in Financial Services

Sustainable market growth in Norway

Message from Bruno Koch: “After reading the great E-Invoicing figures for the Swedish market we published in our previous newsletter, Norwegian colleagues reacted promptly and provided me with their own impressive results. BBS reports that B2C E-Invoicing processed by banks and related associations has seen an even better development, with an incr...

15 June 2010 /payments Innovation in Financial Services

The future of Direct Debit - e-invoicing with standing order

Direct debit has been a handy way of getting consumer payments collected in the past. Now – with the help of e-banking and e-invoicing it is time to ask how much more could be achieved with a proper – some might even say radical – consolidation. Today’s practise means that each invoice sender needs to keep registers – who should have it on paper, w...

13 June 2010 /payments Innovation in Financial Services