4855 Results from /payments
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
Now the first e-invoice using ISO20022 e-invoice standard has been exchanged - cross-border and using SWIFT! http://boharald.blogspot.com/2011/09/first-in-world.html Now it is time for all interested in improving interoperability and starting cost lowering trend for the benefit of enterprises, society at large and also themselves to join the pionee...
24 September 2011 /payments Innovation in Financial Services
Felix Kronabetter Business Development Manager at RBR
It is not an easy decision for banks to agree to pool their ATMs – they are, after all, giving up control of one of their key channels. So what is it about the Nordic countries which means they embrace ATM pooling in a way that other countries find difficult? I ask the question because five of Sweden’s largest banks – Danske Bank, Handelsbanken, ...
22 September 2011 /payments Innovation in Financial Services
Retired Member
Regulation is a fact of life in the payments business but when it was discussed at Sibos, people seemed united in their opinions on how best it should be tackled. And common standards and communication are at the root of their recommended approach. A regulation like Basel III is best implemented with a maximum harmonised approach across the globe, ...
22 September 2011 /payments /sibos Finextra@Sibos
People living in the majority of countries that do not use, or make limited use of, paper cheques will be mildly amused if they have been following the controversy in the UK around this archaic payment instrument. For some, the future of the cheque is no laughing matter, however. If you are not familiar with this story, it dates back to December ...
22 September 2011 /payments Payments strategies 2015-2020-2030
With a session being held at Sibos today on whether it is too late for banks to compete in mobile payments, I thought I’d revisit a theme I’ve blogged about in the past; banks and their mobile payments’ strategy. Having spoken to a number of banks about their mobile money and payments strategy recently, it is clear that there is no one standardise...
21 September 2011 /payments /sibos Finextra@Sibos
Sibos 2011 has been talking about innovation and not just at Innotribe. Google Wallet, Movembank, changing the business model for banks and a new approach to regulation have all been discussed. One topic which seems important for vendors and service providers is that of mobile payments. Firstly, what do we mean by the term mobile? Many readers assu...
21 September 2011 /payments /sibos
Craig Ramsey Head of Real-Time Payments at ACI Worldwide
It’s a fact that when it comes to banking and payments, customers have high expectations of reliability, efficiency and dependability. This has not changed over the decades. What makes it more challenging for banks today is the speed at which transactions occur, along with the sheer growth of the number and complexity of payments. More and more pay...
It’s been a challenging few years, and banks especially are still under a lot of pressure. Regulators are demanding far more complex, granular and frequent reporting, while customers are asking for better services – so what’s the answer? One thing I’m seeing is increasing numbers of banks looking at how their payments systems can be used to satisf...
20 September 2011 /payments
So Monday has come and gone – what’s the mood of delegates at Sibos? With some exceptions I believe the feeling is of cautious pessimism. We know that things are not going well, but for the time being nothing has yet happened. Lazaró Campos, CEO of SWIFT whose event this is, reflected the uncertainty in his address to the Opening Plenary: “the per...
20 September 2011 /payments /sibos
Payments hubs have been a talking point for a number of years now. Once envisioned as the 'silver bullet' for payment system consolidation, the reality has become somewhat different. I've talked to a lot of different banks over the past few months, including some at Sibos, about the status of the hub projects they have undertaken. The overwhelmin...
20 September 2011 /payments /sibos Finextra@Sibos
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