5068 Results from /payments
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
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...
08 May 2012 /payments Innovation in Financial Services
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...
Noteworthy: - banks have tremendous selling power - over 200 000 enterprises signed up - about 87% of active enterprises - excellent and improving volume growth (even if Norway and Sweden are ahead in the consumer sector - as invoice senders are not discouraged to charge visibly for having to send paper there) - on EU-level this would mean some 1,8...
Stanley Epstein Associate at Citadel Advantage Group
The dictionary defines the word SWIFT as “coming, happening, or performed quickly or without delay”. I suspect that the founders of SWIFT had this thought in mind when they came up with the full name of this new interbank messaging service way back in 1973. After all, the full name (of which SWIFT is the acronym) is the Society for Worldwide Inter...
03 May 2012 /payments
Retired Member
In Part I of my virtual card blog series I described the nature of a virtual card program. In Part II, I described how corporations can use virtual card programs to help generate revenue. In Part III, I will discuss how virtual cards differ from purchasing cards (PCards) and ghost cards. Virtual Cards Virtual cards are just that – virtual! The...
03 May 2012 /payments Payments strategies 2015-2020-2030
Delivered at the Multi Stakeholder Forum: "The European Parliament welcomes the e-Invoicing Initiative and the substantial benefits that it could trigger: shorter payment periods, fewer errors, better collection of VAT, reduced printing and postage costs and business integrated processing. The European Parliament supported from the very beginn...
03 May 2012 /payments Innovation in Financial Services
On the 18th of April I organised an expert session during the 11th EPCA summit in Rome. The conference was held in the Palazzo Altieri, a beautiful place with a rich history in the heart of Rome. The topic of that session was “Supply Chain Finance: unlocking the SME”. Speakers contributing to the program were Liliana Fratini Passi (CBI), Reinier W...
02 May 2012 /payments /wholesale Finance 2.0
I have often been asked lately how the e-invoice penetration in a country can be raised fast. This urge to speed up migration is increasingly driven by the need to cut costs and improve productivity – but also more by the need to get tax revenues lost in the grey economy. It has been realized that mandatory digital signatures was a mistake and now ...
01 May 2012 /payments Innovation in Financial Services
I have just read an article on the Economist linked to by Finextra: "The bank of SMS" - talking about mobile banking across Africa. Even more interesting than the article were the comments, of which one leapt out at me more than others. It was criticising the investment being made in mobile banking, when there should be so many other pr...
30 April 2012 /payments /retail Innovation in Financial Services
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