4849 Results from /payments
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
Once invoicing has migrated from paper and PDF to structured form - increasingly in the soon ready open global ISO standard - a wealth of productivity enhancing practices can be launched. Examples: - automated accounting (as e-invoices carries increasingly common posting codes) especially for the SME-sector - creating de-facto real time accounting
22 August 2010 /payments Innovation in Financial Services
Retired Member
This week RBS found the spotlight in an unenviable way when it was fined GBP 5.6M by the Financial Services Authority (FSA) for insufficient controls over payments screening processes. According to news articles, the list of transgressions include a breakdown of manual procedures and also inadequate technology functionality. Regulators in the UK ...
20 August 2010 /payments /sibos
I was musing the other day, as you do in the dog days of summer, on the difference between tolerance and toleration. And the difference, I found, is more than just nominal. ‘Tolerance’ can be defined as a general disposition of mind which is inclined to tolerate a line of action, for example, of which one does not really approve. ‘Toleration’, on t...
19 August 2010 /payments /wholesale
Elizabeth Lumley Global FinTech Commentator at Girl, Disrupted
The Finextra Twitterview - Atlanta FinTech Universe When: Augist 18th, 2010, 10:00 EDT (15:00 BST) Where: Follow @Finextra and @kpetralia, @simEngine, @johnbhayes, @SBatTTV, @atlantapayments, @steve_atl, @MelanieBrandt, @DCoxATL and @tjsweeney. Hashtag: #finxlive As some of you know, I'm on Twitter (@LizLum). One day, @tjsweeney (Tim Sweeney, ...
16 August 2010 /payments /retail Social Banks
I should have known - it is not possible to realize how good something can be before you get to use it. It is not quite possible either to see the next steps before you take the previous. Even if a good part of my daily work has been and continues to be innovations in these fields. Now I am amazed at how easy and addicting it is to pay the bills. Y...
15 August 2010 /payments Innovation in Financial Services
It’s not quite so fashionable to talk about SEPA these days. After all – aren’t we all wishing the rules and solutions were are all defined and implemented? But there’s still a fundamental challenge that banks (and corporate treasuries) face: integration among both legacy formats and legacy systems. Payments hubs are still often discussed as a sol...
11 August 2010 /payments /sibos
As the old joke goes, “the great thing about standards is that there are so many to choose from.” This certainly seems to be the case with point-of-sale (POS) devices, where there are now a number of overlapping initiatives aimed at improving payment card security. While this may seem to be unnecessarily redundant, it is important that POS vendors...
11 August 2010 /security /payments
As we have seen in the media this week, EU proposals for a tax on financial transactions have created a storm of debate in the last 24 hours – mainly focusing on political issues. While the full details of the proposed tax are still unclear, it is obvious that a tax on financial transactions – or payments between banks – would be detrimental for ...
10 August 2010 /payments /wholesale
Stanley Epstein Associate at Citadel Advantage Group
The news this past week has been all about a Citibank mobile banking glitch. Apparently a flaw in a version of its iPhone m-banking application resulted in it improperly storing customer account information. Now this is something that could happen to anyone, you will say. But should it? The past year has seen an explosion of new banking services an...
31 July 2010 /payments Innovation in Financial Services
Finextra today announces Citi's consolidation of innovation centers, with the bank's executive citing the need to be closer to the "echo chamber" that exists here in the Bay Area. Count me in as at once skeptical and supportive of Citi's approach. As the founder a global research company based in the Bay Area I pose a question: are surp
28 July 2010 /payments
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