224 Results from 2016, /payments
Retired Member
A staggering 109.3 million payments were processed in just one day in late September by Bacs Payment Schemes Limited (Bacs), the organisation behind Direct Debit and Bacs Direct Credit in the UK. The record figure, set in September overtakes the previous daily high of 103.7 million transactions recorded in April representing an increase of 5.4%. ...
02 November 2016 /payments
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
Posted this in 2008 - edited now Had a discussion last week with a representative of a consumer organization at a conference in Brussels. It did strike me - again - how little interest these organizations have to further cost cutting in enterprises - in this case by moving to e-invoicing. The cost of paper invoicing to the consumer segment in EU ca...
01 November 2016 /payments Electronic invoicing
Simplicity and flexibility. In the many conversations our teams have with corporate treasurers working in multinational organisations around the world, these are the two words we find constantly repeated. This is hardly a surprise. It does, however, beg the question as to why this is still such an issue in the world of B2B payments and what needs t...
27 October 2016 /payments
If you have transferred money to an overseas bank account lately, chances are it was processed by SWIFT. The Society for Worldwide Interbank Financial Telecommunications’ FIN messaging standard has already facilitated an estimated 1.5bn such transactions so far this year, and carries the bulk of the $155tr per year being sent between countries. Whi...
Parth Desai Founder and CEO at Pelican
Parth Desai, CEO and Founder of Pelican, discusses why AI is already a fact and not fantasy. He highlights why financial institutions and corporates need to get on board now – or risk getting left behind. A great many businesses have been hesitant in exploring artificial intelligence (AI) in their operations, believing it to be still in its infancy...
24 October 2016 /payments
Within our industry we are always looking for the ‘next big thing’, from mobile payments, cloud, biometrics and behavioural biometrics through to Blockchain and Artificial Intelligence (machine intelligence). Why do we do this? Well in terms of our consumer base there has been a massive shift in the understanding of technology and indeed in usage o...
19 October 2016 /payments
With a total population exceeding 600 million people, a fast developing economy and the rise of digital adoption, Southeast Asia should not be overlooked by retailers looking to expand into Asia. Yet this highly fragmented region is not without its complications. It comes with a myriad of diverse cultures, languages and regulations, not to mention ...
18 October 2016 /payments
Vinod Sharma CTO - FinTech Domain at Econet Wireless Zimbabwe
NFC – FinTech, Banking, Technology and Speed. Abstract – African financial services industry is in the midst of extraordinary change more and more of the population is becoming part of the formal financial system with mobile technology driven inclusion but still large portion of the market still remains untapped. The race/efforts by nonbank orga...
17 October 2016 /payments Innovation in Financial Services
Rohas Nagpal Chief Blockchain Architect at Hybrid Finance (HyFi) Blockchain
Abstract: Crypto-currencies (bitcoin et al) have caught the attention of Governments, enforcement agencies, geeks and the general public. This document provides a simple introduction to crypto-currencies and briefly introduces terms such as cryptography, hash functions, proof-of-work, digital signatures, mining, merkle root & tree, crypto-cur
17 October 2016 /payments
Ben Bradley
Chargebacks are a complex, expensive and aggressive problem. First, they come in all shapes and sizes and impact all types of merchants. There are two main types of chargebacks — fraud (which includes true and friendly fraud) and non-fraud. True fraud chargebacks occur when the purchase was not made by the cardholder, as in a case of identity thef...
14 October 2016 /security /payments
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