4855 Results from /payments
Retired Member
To predict what the future of the payment industry holds right now is almost impossible. Not only are current options constantly developing, but new possibilities also keep emerging at a fast rate. Just as we are all getting used to paying for goods online the e-commerce market is growing steadily, suddenly platforms like social networks and mobile...
30 September 2011 /payments
Small and large companies alike want more streamlined A/R processes. The driver behind a common standard for remittance information delivery is to enhance the value of and promote the growth of electronic payments in order to improve efficiencies and enable straight-through processing. Earlier this summer, I attended a remittance standards confer...
29 September 2011 /payments /sibos Payments strategies 2015-2020-2030
The pan-European SEPA Direct Debit (or ‘SDD’) scheme has arrived – and is taking off, with the EPC noting in their latest newsletter that nearly 4,000 European banks have now signed up to SDD core. This new instrument will significantly impact the way in which corporates collect payments and manage their cash across Europe. But many firms are stil...
29 September 2011 /payments
There are two issues that always come up when you get a large number of bank executives in the same room – loyalty and profitability. How can you maintain and grow your customer base, and how can you maximize the profitability of the services you offer those customers? Loyalty and profitability are both underpinned by innovation. Innovation on t...
Paul Love VP Business Development at Konsentus
What better way to spend a glorious late summer's day in Paris, than to be locked in the basement of the Marriott hotel for EFMA Cards & Payments 2011. But I can honestly say the day was lit up with some impressively juxtaposed sessions and interactive controversy. Visa's Peter Ayliffe and PayPal's Laurent Le Moat warmed up the audience with i...
It's that time of the year again. Just a few more days to go. Less than a week, actually. October 4th to be precise. What? You haven't guessed it yet? Time for a new Apple product launch my dear! It's clear that the major topic will be the iPhone 5. Will it be a souped-up version of the iPhone 4 or will it be an all-new one that's faster, better, s...
28 September 2011 /payments
Cash only really works if everyone involved in a transaction agrees to pretend that some types of bits of paper or metal disc have more intrinsic value than others. Call me old fashioned, but beads, ivory, salt, thimbles, whale teeth, oxen and wampum were a lot more, well, tangible. I do accept that herding an ox through the shopping mall to pay f...
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
I have long been arguing that the natural way to SEPA-payments is through e-invoicing – especially now when ISO20022 for e-invoicing is ready. Here you do not need to force anybody to do SEPA-payments – they materialize automatically. And as posted before – a u-turn in direct debit – should also be done – e-invoicing becoming the master would save ...
27 September 2011 /payments Innovation in Financial Services
Mobile devices continue to develop, with new hardware, operating systems and software coming regularly to market amidst a wave of publicity and fanfare – just look at the speculation surrounding the next iPhone, when it will be launched and what it will offer. With each new iteration of technology comes the ability to carry out a wider set of tran...
26 September 2011 /payments
SEPA direct debit is a huge step in the wrong direction - making direct debit more complicated for users and more expensive for invoice senders (who naturally add these costs into higher prices - the consumer always pays - every cent). The obvious much better alternative is to integrate direct debit into e-invoicing - which is any way on the rise a...
24 September 2011 /payments Innovation in Financial Services
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