Latest opinions that Vilmos Levente Kovacs has shared on Finextra

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Vilmos Levente Kovacs

Managing Director

Simplexion Informatikai Kft.

Member since

13 Mar 2011

Location

Budapest

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Vilmos Levente's opinions

Why all bank closed at weekend?

Since Saturday became non working day bank have been the only closed service on weekend. Although in that accelerated world retail purchasing is shifted to weekend. Paying cashless seller only can reach the money in the next working day at best case. This statement also through to payment card transactions too because in case of card usage, only a...

24 August 2011 /retail Electronic Bank Account Management

Breaking news: branch will not be on Sziget festival!

Having no reason for the bank of Sziget to establish a branch office to the festival, because the organizers let only to pay with those contactless payment card which given next to the entrance band. This also means that cash nowhere will be accepted in the territory of the festival. As I know the implemented system graduated well in Volt festival...

30 July 2011 /payments /retail

Identification problem in SDD scheme?

By the SEPA Direct Debit (SDD) scheme, which is currently under implementation is Single Euro Payment Area (SEPA) client authorize the service provider to collect. Under this mandate the service provider authorize its bank to collect the cost of service usage. SDD also allows up to single point of collection. The aim by the regulator to implement ...

29 July 2011 /payments Payments strategies 2015-2020-2030

There is any effect on Target2-securitiest by Euro crisis?

Speculations are recrudescing over and over about the existence of European Monetary Union connection of deepening of Greek crisis. But the integration of financial systems are not seems to be stopped indicates the strength of Monetary Union. The project manager of Target2-Securities that implement interoperability to European securities market ho...

05 July 2011 /payments Payments strategies 2015-2020-2030

Can account portability worth to banks?

I was received a question about my article published some days before, that can account portability worth to banks? At first sight it’s easy to say yes. If using the analogy of regulatory intervention of cell phone companies, the answer is not obvious. Cell phone companies that forced by regulators to implement phone number portability and roaming...

03 July 2011 /payments Payments strategies 2015-2020-2030

The fist cashless summer festival is ended

Sziget Kft the biggest Hungarian festival organizer decided to leave out cash from the biggest Hungarian summer festivals. The technology examined eligible according to my friend’s report. I’m going to check the choose technology at Sziget by myself. The Palinka festival that organized at spring was the first cash less festival in Hungary. At that ...

03 July 2011 /payments

Will be bank account portability in Hungary?

The timing reason of the question is an announced of British banks that being on a verge of account portability implementation. Connection with same day clearing as if Hungary is might up to slip the most important condition. This most important condition is the standardization of bank - client communication. Without the standardization it is inc...

23 June 2011 /payments Payments strategies 2015-2020-2030

Is it worth to establish a European card company?

It seems that the biggest European banks find the time has come to establish an own card company. Can be a new card company successful against the duopoly of VISA and MaterCard, so that China wants to establish its own one? It's not easy to answer yes to that question at first sight. However note that the NCF (Near Field Communication) chip integr

15 June 2011 /payments Payments strategies 2015-2020-2030