339 Results from 2011, /payments
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
http://www.youtube.com/watch?v=P6wNEVXe6ZQ
02 May 2011 /payments Innovation in Financial Services
Retired Member
I came across an enterprising man who worked as a driver and doubled up as the neighborhood milkman. In the initial months, he found himself collecting and carrying large amounts of money on a daily basis, which became quite unwieldy with his day job. To make matters worse, with outstanding dues, leakages in collections and a host of challenges po...
30 April 2011 /payments /retail Innovation in Financial Services
The 2011 AFP Payments Fraud and Control Survey, shows that despite advances in fraud protection and prevention in recent years, the rate of payments fraud attack remains stubbornly high. 71% of organizations experienced attempted or actual payments fraud in 2010. 93% of organizations responding to the survey reported incidents of check fraud, up t...
26 April 2011 /payments Payments strategies 2015-2020-2030
Accelerating decline in use of cash clearly reflected here and in card transaction statistics in Finland (even without costs being visibly charged for ATM withdrawals..). Good news for all. On EU level the cost of cash usage was estimated to some 50bn€ some years ago - and the consumer pays 100% of it + some profit margins for the service prov...
24 April 2011 /payments Innovation in Financial Services
It took time to get it going - but this is looking good (statistics covers only Finvoice - similar growth in other local standards). In a couple of years time paper or e-mailed PDF invoices will be as rare as cheques (defacto not used since years). More interesting statistics here: http://www.fkl.fi/en/material/statistics/Statistics/Statistics_bank...
Excellent growth figures - on EU levels the e-id volume would be 1,5bn. All public sector id-transactions are presently done by banks. This is extremely cost efficient (economy of reuse) and naturally preferred by citizens - as the tool (one-time code) is so familiar (economy of repetition and secure (economy of trust). Difficult to understand why...
I would have thought the transaction growth would have petered out in Finland - when most customers have used it for years - and now there are 5,2m e-banking contracts (a population of 5,4m and some probably are prepared to pay for several) - but still a 40m - 11% growth. EU-equivalent of payments would be some 28bn.. More interesting statistics h...
The recent report by the ICB on banking in the UK underlined a major factor missing in today's world - the need to increase competition across the various services that our banks offer. It reminded me of the countless situations I have encountered where the customers' search for value has resulted in a new choice of bank, despite having a relatio...
23 April 2011 /payments
The European ATM Security Team (EAST) reported last week that fraud is in overall decline at European ATMs – good news for the industry and testament to the investment that has been made in the migration to EMV to date. In the UK, there is also a growing consumer awareness of skimming and the need to protect your PIN at ATM and PoS terminals which...
20 April 2011 /payments
The recent Epsilon breach that exposed millions of email addresses has the potential to create a very big problem for all email marketers and will demand development of new best practices in the world of email marketing. It is of particular importance for banks and brokerages with a retail facing business, as these organizations are the most likel...
19 April 2011 /payments
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