5173 Results from /payments
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
CUT 50 is the name of the next phase in the Real Time Economy program run in Finland since 2006. It stands for cutting SME administrative costs in half by 2014-15. The main building blocks are the following: 1. Implement the European Commission target to cut read tape so that 25% of the cost of this public sector related administrative burden can b...
03 July 2011 /payments Innovation in Financial Services
Retired Member
Yesterday the US banking regulator, the Federal Financial Institutions Examination Council (FFIEC), set out its expectations to improve internet banking authentication standards. While the FFIEC calls for, amongst other measures, layered security and more sophisticated one-time cookies where device identification is used, there is notably no menti...
01 July 2011 /payments
https://www.ebaportal.eu/_Download/What's%20News/2011/ISO20022_Financial_Invoice_Factsheet.pdf The good thing with standards is - as many say - that there are so many of them. When it comes to e-invoicing we now have one which is global, highly capable, ready for use and open to all (in no way dominated by for example the banking sector - even if ...
30 June 2011 /payments Innovation in Financial Services
Brett King CEO & Founder at Moven
Today I’ve been in Beetsterzwaag, Opsterland, Netherlands, about 150 kilometers from Amsterdam at an offsite strategic retreat with the ICS (International Card Services) team. Initially part of Bank of America’s presence in the Netherlands, ICS today is an independent subsidiary of ABN Amro NV, but works in the provision of a range of card service...
29 June 2011 /payments Innovation in Financial Services
Vaughan Williams’ choral work ‘Towards the Unknown Region’ is a dramatic setting of a Walt Whitman poem, describing the uncertainty of life, the soul being led to an unknown place with no maps or guides or paths. As the recent report ‘The Changing Face of Payments’ shows, the infrastructure of payments is heading towards an unknown region. There...
29 June 2011 /payments /wholesale
For one of my customers I had a look at the Russian payments market and in particular the online market. How different can a market be and how mis-leaded can you be with your own world of thinking! In Russia there about 130 mln credit cards issued, so easy choice for online merchants would be the conclusion if you want to sell goods online....? Wr
28 June 2011 /payments
Ward Hagenaar Head of Consulting - Co-Founder at PaymentGenes
In 2010 both MasterCard and Visa purchased major payment service providers like DataCash and Cybersource. As did some payment processors that acquired payment service providers. The e-commerce market now has a solid place in retail activities. Due to the scale and consolidation of the market the PSP´s became international payment processors themse...
27 June 2011 /payments Innovation in Financial Services
Vilmos Levente Kovacs Managing Director at Simplexion Informatikai Kft.
The timing reason of the question is an announced of British banks that being on a verge of account portability implementation. Connection with same day clearing as if Hungary is might up to slip the most important condition. This most important condition is the standardization of bank - client communication. Without the standardization it is inc...
23 June 2011 /payments Payments strategies 2015-2020-2030
Andre Malinowski Head of International Business at Computop GmbH
The curse of in-differentiation During a product briefing a couple of days ago a merchant mentioned to me that payment services providers and acquirers became an easy exchangeable commodity in the supply chain. He explained that the PSP’s more and more converged to an indifferent mass without any value added services to distinguish themselves fr...
23 June 2011 /payments
The Vice-President of the European Commission and EU Justice Commissioner, Vivien Reding, has this week outlined updates to EU legislation for the protection of personal data, following a public consultation throughout 2010. As of autumn this year all sectors across the EU will be subject to a ‘mandatory requirement to notify data security breache...
22 June 2011 /security /payments
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