4857 Results from /payments
Retired Member
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
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
Cash is as we know expensive (50bn cost to merchants according to EU study) and an invitation to robberies, theft, counterfeit, drug dealing, prostitution, gambling, tax evasion - you name it. It also puts considerable strain on the environment. Luckily the trends move towards avoiding using it:
17 January 2011 /payments /retail
As the global economy slowly emerges from the downturn in what is becoming an ever more aggressive marketplace, organisations are seeking to gain that all important edge over their rivals; with many turning to technology to maximise their competitive advantage. At the start of the millennium the rise of the internet and e-commerce provided busine...
17 January 2011 /payments UK Faster Payments
What if Google starts online bank? This question has been in my mind, but it seems like also some other peoples mind lately. If you ask me why they should do it, here are three reasons why Google should do it. And money is not the issue here. They have huge customer base They know us better than any other bank They have the most up to date system...
14 January 2011 /payments Online Banking
About three month time ago I got parking ticket here in Belgium. Like every good citizen I paid my ticket. Because we live in the world of SEPA area, I went to my Finnish online bank and paid a ticket. Of course Belgium is one of those countries, where they have structured payment reference codes, which makes all the payments easier to automate in...
10 January 2011 /payments
Ok, this is part of my agenda every day. I consult companies how to do better business online. My two major areas are online identification and online payments. First means in practice, how do you know your customer? There are several tools and practices how you can identify your customer, but my concern is how to know 100 % sure that this is the ...
SEPA migration: end of our good old national credit transfers and direct debits The European Commission proposed last December 16th, the text of its regulation project on the end dates of national credit transfers and direct debits. After awaiting the release of this regulation project, we will now await the date of its entry into force! T
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