339 Results from 2011, /payments
Retired Member
Many financial institutions are trying to run their critical payments function on disparate, cobbled-together systems, whose complexity and inflexibility make it difficult to respond to new customer needs and market demands. This presents a number of challenges to banks. Firstly, there are spiraling costs and stifled revenues. It is estimated that...
12 May 2011 /payments /wholesale
A few weeks ago there was a very public spat between Verifone, one of the leading providers of payments terminals, and new market entrant for mobile payments acceptance, Square, backed by Twitter founder Jack Dorsey. Verifone claimed Square was insecure and could be easily hacked. Square has subsequently announced that it is going to make all of i...
12 May 2011 /payments
Stephen Wilson Managing Director at Lockstep Consulting
Visa's digital wallet seems to take a different path from 3D Secure. If it's "digital" I wonder if it's interoperable online and how might it work over Internet? The digital wallet will store Visa and non-Visa payments accounts and support NFC through payWave, letting customers complete transactions online, with their mobile, on social ne...
11 May 2011 /payments
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
http://streams.metropolia.fi/old/MultimediaTech2010/bo_harald_2/ all the way to e-invoicing..
10 May 2011 /payments Innovation in Financial Services
An informal foundation meeting was held in Brussels on Thursday (5th May, 2011) of the proposed European E-Invoicing Service Providers Association. In many ways this initiative is long overdue and is a positive indicator of the maturing attitudes of suppliers to the e-invoicing market. The event was very well supported - with about 40 people in...
09 May 2011 /payments
Brett King CEO & Founder at Moven
On 14th of March 2011, The Independent newspaper from the UK published an article suggesting that the iPhone 5 would not include Near-Field Communication (NFC) capability. A few days later on the 17 March, Forbes rebutted the Guardian’s article quoting a source that said NFC was a sure thing. Who’s right, and will Apple delay their NFC launch t
09 May 2011 /payments Innovation in Financial Services
With the cessation of cheque being reviewed after numerous petitions, it seems there might be a stalemate between the group who believe in the ongoing modernising of payment collection processes and the group who truly believe that cheques should continue their role in everyday lives, both personal and business. Of course, continuous cheque usa
06 May 2011 /payments
The past 30 years has seen billions of dollars spent on payments systems - with financial institutions building up a plethora of different systems and technologies designed to meet specific needs and develop competitive advantage. However, as the payments infrastructure gets more intricate and unwieldy, the harder it is for financial institutions ...
05 May 2011 /payments
On EU: Questions European Tax Payers should ask: 7275 times!! https://www.finextra.com/blogs/fullblog.aspx?blogid=2815 A digital Single Market – why and how?: 2829 https://www.finextra.com/blogs/fullblog.aspx?blogid=2813 The future of Direct Debit – e-invoicing with standing order: 2655 https://www.finextra.com/blogs/fullblog.aspx?blogid=3658
04 May 2011 /payments Innovation in Financial Services
FBI's recent report states that between March 2010 and April 2011, the FBI identified twenty incidents in which the online banking credentials of small-to-medium sized U.S. businesses were compromised and used to initiate wire transfers to Chinese economic and trade companies. As of April 2011, the total attempted fraud amounts to approximately $2...
03 May 2011 /payments Innovation in Financial Services
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