5210 Results from /payments
Pat Carroll Founder/Executive Chairman at ValidSoft
As of 1st January 2012, the three-day wait for fund transfers will be over. Banks must ensure that for all electronic payments (e.g. online banking transfers), the money reaches the payee’s account in a much more timely manner. This is likely to cause problems for banks and may well identify weaknesses in their approach to fraud management in terms...
15 December 2011 /security /payments Innovation in Financial Services
Retired Member
The festive period looms and it occurs to me that the whole idea of good will to all men doesn’t seem to extend to the political elite and a press corps bent on spreading gloom faster than the Eyjafjallajökull volcanic dust cloud. It is tough for the average Western citizen to maintain a cheery outlook on life. In fact, looking on the bright side ...
14 December 2011 /payments /retail
Paul Love VP Business Development at Konsentus
The concern with stories like the recent one in the Telegraph about it being too expensive for the police to arrest a fraudster - so there are no consequences for the card fraud criminal - is that they erode confidence in the entire payments system. We often talk about fraudsters going for the weakest link, but we don't often think the police wil...
14 December 2011 /security /payments
NACHA, the Electronic Payments Association, is the organization that manages the development, administration and governance of the ACH Network. They recently proposed the Expedited Processing and Settlement (EPS) amendment to the NACHA Operating Rules (“Rules”) that would enable ACH entries to be processed and settled on the same day that they ar...
13 December 2011 /payments Payments strategies 2015-2020-2030
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
1. More competitive enterprises. How? Drilling down selectively: 1.1. Better products, selling, procurement and service processes – mostly (but not only) a question of digitalization 1.1.1. Accepting e-invoices from suppliers save their and own costs and 300g CO2 every time – makes for a better customer 1.1.2. Sending e-invoices (i
12 December 2011 /payments Innovation in Financial Services
From time to time it is necessary to look at the big picture. What do we need for a more competitive Europe? Innovative and determined actions in many areas – like: 1. More competitive enterprises – innovative and productive. 85% of growth comes from product and service innovation – so this must have the highest attention. 2. More competitive publi...
Finland is moving fast
09 December 2011 /payments Transaction Banking
Once upon a time, a brave young technology consultant was sent on a mission to a bank’s payments shared service center, without knowing what a payment message looked like. From that day forward, I have been working with payment processors and payment technology vendors throughout the world, for various technology companies. With notable exception...
08 December 2011 /payments
Andre Malinowski Head of International Business at Computop GmbH
The more sophisticated the technology used in the internet gaming industry gets, the more advanced the levels of fraud become. From card fraud to identity theft and misrepresentation, providers have had to adapt the way they manage their businesses, their customer identification procedures and their fraud prevention tools. Let’s examine the main c...
07 December 2011 /security /payments
Over the past several months, I have had several discussions with clients, both in Spain and in the UK, who are interested in implementing a simple, straight-forward P2P service which would allow two persons to quickly and easily exchange money via mobile phone. Many interesting user cases have been discussed: splitting the cost of a meal between ...
07 December 2011 /payments Innovation in Financial Services
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