4826 Results from /payments
Retired Member
Within the payments industry I see an unsustainable model forming. Volumes of payments that need to be scanned are on the up. There have been several new regulations recently such as those set out by NACHA in the US, SEPA in Europe and similar schemes in Canada and elsewhere around the globe. These will force many banks into having to scan new tr...
25 March 2010 /payments
The power of the alerts announcement from Visa and Wells is all about the 'network effect', that dot.com-era label for networks gaining in import as they gain in size and diversity of content. When EBay acquired PayPal, what was overlooked by observers is the network effect of the underlying fraud-analytics and commerce databases, working in tande...
24 March 2010 /payments /regulation
With smartphones now having the bandwidth to handle sophisticated payment transactions, I see this as the year when mobile payments will really start to take off. This is down to the tremendous growth opportunity in mobile payments, not only for banks wishing to capitalise on the ubiquity of the mobile phone, but also for operators to offer their ...
23 March 2010 /payments
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
Elektronische Rechnungsabwicklung – einfach, effizient, sicher Thorough report for the most important market - with a 54bn€ savings potential according to Deutsche Bank Research. http://www.ecommerce-ostbayern.de/download/ERechnung/teil1/Rahmenbedingungen_und_Marktueberblick.pdf
22 March 2010 /payments Innovation in Financial Services
Banking software has been around forever of course, so perhaps you might not find the topic that "sexy", but you may want to take another look at this industry that grows and changes as fast as any market sector out there. I got my start in Financial Services Software while I was working at JPMorgan Chase in the early nineties. I started...
22 March 2010 /payments /regulation
“Future of E-Invoicing in Russia” took place in Moscow recently. The following was reported: “· Necessary legal aspects must be prepared for e-Invoicing during the first half of 2010 (Russian government position according to the Ministry of Finance report) · Corresponding amendments (#369555) to the article 169 of the Tax Code have been approved al...
16 March 2010 /payments Innovation in Financial Services
Increasing criminal and terrorist activity, combined with a highly regulated environment, is evidence that financial crime is a persistent, global problem. In banking, a similar story is playing out with sanctioned entities still using banks to illegally transfer money from A to B. Without a doubt, regulation has made a positive impact in the prev...
16 March 2010 /payments /regulation
Nick Ogden Chairman at Ogden Research
It’s hard to ignore – card fraud in the UK is a significant burden, still running at over £440 million according to the latest figures from the UK Payments Association. Not surprisingly the nature of this threat has evolved dramatically in recent years. It has moved away from face to face fraud, largely eliminated through the introduction of EMV a...
15 March 2010 /security /payments Online Banking
SWIFT magazine painting a wider picture. Only a question of time before TSU and e-invoicing services find each others. It is plain to see that a payment guarantee following on approval of an invoice can be extremely valuable both for the seller (can ship and can use invoice for financing) and buyer (gets the delivery faster – and cheaper financing ...
14 March 2010 /payments Innovation in Financial Services
The latest stats on UK fraud from the UK Cards Association provide some interesting food for thought and it is of course excellent to see that UK credit and debit card fraud fell by 28 percent in 2009, compared to the previous year. However, fraud will always move to the weakest area and exponential growth in use of the internet for banking and sho...
11 March 2010 /security /payments Innovation in Financial Services
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