4855 Results from /payments
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
It takes time - starting early helps.
10 May 2012 /payments Innovation in Financial Services
SEPA is a big step towards a true single market and a ready docking station for ISO200022 e-invoices and from there full automation of business processes and real time finance. Lots of work to do - but a if somebody comes up with a better business case for society at large for the post-SEPA part I will personally send a reward.
Retired Member
MasterCard has just joined Visa, Google, PayPal, Isis, O2 and a whole string of providers who are launching or preparing digital or mobile wallets. As frontiers between the online and physical worlds start to blur, digital wallets will play an increasingly important role for both consumers and merchants. For consumers, the digital wallet can be a ...
10 May 2012 /payments /retail
The march of the mobile wallet is gaining pace. April has seen Barclaycard roll out contactless stickers that can be attached to mobile phones held by UK Visa credit card customers. Meanwhile Ebay is promoting its plans to lead the mobile payments race with PayPal, and most recently O2 has launched a smartphone app that allows users to transfer up...
10 May 2012 /payments
It was interesting to read that the FSA has warned retail banks to update their payment methods to improve customer service. In letters written in January the regulator urged banks to move with the times and away from outdated technology in order to better engage with customers. This is a sentiment I have been talking about for a while now and it ...
09 May 2012 /payments Finance 2.0
Cash is as we know expensive, risky, unhygenic, environment-unfriendly and an open invitation to crime, fraud, black and grey economy. Cash handling costs merchants in EU 50 billion a year. Are the consumers and consumer organizations aware of them paying every cent of this largely unnecessary cost? Great progress in Finland in 2011. One seventh d...
08 May 2012 /payments Innovation in Financial Services
Pat Carroll Founder/Executive Chairman at ValidSoft
I found the recent study by University of California, Berkley (UCB) on Mobile Payments: Consumer Benefits and New Privacy Concerns an interesting read (see news report here). It found that an overwhelming 96% of customers surveyed opposed the idea of handing out personal details to retailers when they buy goods using a mobile phone. Whilst retailer...
08 May 2012 /security /payments Innovation in Financial Services
Strong e-id is often needed when logging in also to non-banking services. Reusing bank e-id also there - especially in the public sector - is something of the most sensemaking aspects of also otherwise much needed public-private co-operation. 2011 was a great year for bank e-id (TUPAS) - the alternative (a state issued smartcard) is not used at al...
This is the way to get e-invoicing penetration figures up fast. Return paper and e-mailed PDFs to senders. in the words of Elvis http://dmyoutube.com/watch?v=Z54-QHEZN6E.
Noteworthy: - more contracts than citizens in Finland - due to multibank relationships - interesting as e-banking typically carries a monthly fee (some 2€) - but has discounts and is free for young customers (up to 26 typically) - slowing transaction growth may reflect both slower economic growth and above all rapidly growing use of e-invoicing - t...
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