4826 Results from /payments
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
Statistics from the banking sector reveals that 129 000 enterprises were signed up last year. Adding a couple of additional months of brisk selling – and those signed up by a good number of non-bank service providers means that then total is now well north of 150 if not 160 000. This represents almost all actively trading enterprises. So now we ca...
11 March 2010 /payments Innovation in Financial Services
Retired Member
This year’s International Payments Summit had a clear theme running through the various debates and discussions around the event: how regulation is stifling progress….but mainly for the banks. During the final day of IPS, ZOPA, a lending and borrowing exchange that lets people sidestep the banks, once again brought about discussions on the floor ar...
11 March 2010 /payments
Olivier Berthier CEO at Moneythor
There is an interesting piece on voxeu.org calling for a fair treatment of trade finance under the upcoming Basel III rules. A majority of practitioners view Basel II as unfairly and dangerously tough on Trade Finance in terms of capital requirements under the Standardised Approach, compared to the "one size fits all" approach of Basel I...
10 March 2010 /payments /wholesale Financial Supply Chain
Daniel Maurice-Vallerey CEO at Qori
Are the costs of exceptions one of the penalties of transacting payments? In the real world, not all payments are straight through and the resulting exceptions are one of the hidden costs associated with the transaction. It is estimated that between 1% and 8% of international payments generate exceptions, depending on the bank and the market, which...
08 March 2010 /payments
The International Payments Summit (IPS) here in London kicked off this morning, and some of the usual themes have already come to the fore. It was no surprise that the straw poll by IPS of the delegates revealed that regulation will continue to be the most important business driver in 2010 as well as one of the biggest constraints to payment tran...
Elizabeth Lumley Global FinTech Commentator at Girl, Disrupted
Last Friday's afternoon chat with Enrico Camerinelli, senior analyst at Celent - Processes, People and Technology in Global Transaction Banking - talked about strategies for the development of global transaction banking departments in the midst of the credit crunch. The panel, which included representatives from HSBC, Swift, IT/2 and the Cranfield...
08 March 2010 /payments /regulation Data Management 101
The ministry of Employment and the Economy has published an extensive study on cost of administrative burden. Some quotes (my emphasis): "The aim of the study was to chart statutory information obligations based on legislation regulating financial reporting, and to assess the related administrative costs and burden imposed on enterprises. Adm...
04 March 2010 /payments Innovation in Financial Services
Finextra HQ has been a hive of activity around planning the upcoming EBADay - to be held on the 26th and 27th of May in Luxembourg. Registration is open and the agenda has been set. It should not be a surprise to many that this year the focus will be on the Single Euro Payments Area (Sepa) as well as the Payments Services Directive (PSD) and Sepa...
04 March 2010 /payments /retail EBAday
When we started looking for customers in the first payments startup I worked for, low hanging fruit were obvious. All you had to do to find them was look for a merchant's international shipping policy - or lack thereof - and continue from there. The value proposition we offered, where we would make final accept/decline decisions and insure them, w...
03 March 2010 /payments /regulation Innovation in Financial Services
Transparent, honest and just pricing gives consumers a chance to act in their own interest. Lower costs for service providers will sooner rather than later lead to improved cost – benefit. To the extent that the rationalization benefits shareholders it is important to remember that the largest shareholders usually are public and private pension sch...
02 March 2010 /payments Innovation in Financial Services
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