4853 Results from /payments
Retired Member
The idea of a virtual marketplace is no longer new--companies like Second Life have already proven the viability of creating money out of nothing. Last year, Second Life's user-to-user transactions topped $567 million in real U.S. currency and their users, known as residents, cashed out $55 million in real Second Life earnings. That's a whole lot...
25 January 2011 /payments Innovation in Financial Services
Dave Pearson Lead Solution Consultant at ACI Worldwide
The Efma and Finalta report builds a strong case for reducing branch networks and concentrating on lower cost channels. This not only saves banks money, but also takes into account the ways in which consumers want to conduct their banking. However, shifting customer interactions away from the branch office to phone and online banking has created ...
25 January 2011 /payments
Over 10 years ago my former employee (bank) with mobile manufacturer was dreaming of building dual chip mobile handset. It was planned to have one chip card for SIM and other for card payments. It never realized. Since that I have been following several mobile payment trials. Now I am keen to hear how Google will solve this dilemma. When browsing
25 January 2011 /payments Payments strategies 2015-2020-2030
There are e-cards with readers, there are mobile applications, there are bank based identifications methods and also credit card verification. Last week I have explained to one company that in each European countries there are several ways to identify online if you want to meet KYC- standards. EU is planning to set up basic rules how to identify ...
24 January 2011 /payments Online Banking
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
We have been working some time on opening the lid to a true European Treasure Chest. The lid is migration to structured business messages – and the key – e-invoicing - is held by every enterprise and consumer (or rather human user in employee and private role). As often happens in innovation processes the real value of what can be achieved opens...
23 January 2011 /payments Innovation in Financial Services
Next generation Trojan and malware programs continue to get more sophisticated and can wreak financial and personal havoc for everyone from consumers to small to large businesses. Just last night I spent over an hour on the phone with my computer protection software provider watching them perform forensics on my home pc. Turns out that a Trojan ha...
21 January 2011 /security /payments
Often times, we see automation technology implemented in the same sequence as A/P processes. Areas such as document scanning, OCR, e-Invoicing, imaging, workflow and payment approval are addressed before payment execution. But did you know that payment execution has the potential to fund other A/P automation efforts? The latest trend among corpora...
21 January 2011 /payments Payments strategies 2015-2020-2030
India is at the cusp of evolving a radical mobile-based banking & payments framework, which could potentially revolutionize the approach to financial inclusion and electronic payments. With over 700 million mobile connections, and growing, much has been written about the opportunity for leveraging the mobile to empower citizens to conduct safe ...
20 January 2011 /payments Finance 2.0
I have been promoting e-invoices over 5 years. I still have high hopes for it, but still there is something what is missing. This morning after advising my old dad how to use e-invoices, I started to count how many different routes I receive my e-invoices. One comes to my online bank, other comes as email notification from e-invoice portal provide...
19 January 2011 /payments Transaction Banking
This New Year saw the increase of the UK’s VAT rate to 20%. For consumers it has meant reported price hikes for everything from cars and fuel to electrical goods. But what does it mean for corporates who are handling the processes behind the change? When it comes to collecting payments, many organisations including gyms, leisure centres, local auth...
18 January 2011 /payments
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