5238 Results from /payments
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
http://www.linkedin.com/groupItem?view=&srchtype=discussedNews&gid=3709691&item=45330445&type=member&trk=eml-anet_dig-b_pd-ttl-cn Making it simple for the SMEs is the key. And certainly by now clear that equal treatment with ordinary business controls is the base irrespective of the form of invoice. To make it clear - think smal...
04 March 2011 /payments Innovation in Financial Services
1. Do we in EU – widely enough - realize that preserving the living standards of today and having more to share to those who need help - is totally dependent on how competitive our enterprises are? 2. Do we – widely enough - realize that markets are global and open and Europe is not faring well in the competition? Exporting both jobs and high te...
03 March 2011 /payments Innovation in Financial Services
Deutsche Bank report: “There is huge savings potential – but beware of outlandish claims. A conservative back-of-the-envelope calculation suggests that a full switch to e-procurement may save between EUR 50 to 75 bn on public procurement in the EU per year. On top of that are increases in transparency and public accountability which are arguably t...
Andy Hunter CEO at Perficiam Ltd
UK politicians often accuse the banks of failure to innovate in payments. The UK Payments Council was at least partly created and empowered to change this position but has so far failed to make its presence felt. So what's gone wrong? Firstly, the basic premise is deeply flawed. The UK payments industry is very innovative. Over the last twenty y
01 March 2011 /payments /retail Innovation in Financial Services
Keith Appleyard IT Consultant at available for hire
Be interested to fully understand how it works - for example : a) how does the recipient get informed that the funds are available? b) if they go to the ATM to withdraw the funds as Cash, what are the fees? Presumably there is withdrawal/handling fee, but does the Card Issuer charge the usual Cash Advance Daily Fees? Does the advance count as part...
28 February 2011 /payments Whatever...
Brett King CEO & Founder at Moven
There’s a great deal of debate in the Financial Services community at the moment about the potential impact of NFC or Near-Field Communication technology within mobile phones and how it will effect the payments landscape. The financial services players are generally scratching their heads and although they admit that NFC phones like the iPhone 5, ...
28 February 2011 /payments Innovation in Financial Services
Retired Member
Let's see - Someone wants to send me some money. I give them my credit card number (I'll have to look it up, I won't remember a number that long). The funds arrive in my credit card account and I go to take them out in cash. Now I have to pay interest on the cash withdrawal, until the amount is paid off, plus cash withdrawal fees!! Sending fund...
25 February 2011 /payments
Why do companies continue to pay by check? In part two of the series “The Top 5 Reasons Why Checks Still Dominate B2B Payments” I explore the absence of paper remittance data as a perceived obstacle to timely, accurate cash application when paying electronically. Reason #2 - Remittance. Remittance is critical for suppliers because the absence of...
24 February 2011 /payments Payments strategies 2015-2020-2030
So, after all the expectation, it’s happened. With its Revised Policy Statement (10/17), the Financial Services Authority (FSA) has removed the initial exemption for mobile calls and texts. As of 14 November 2011, therefore, financial service businesses must record all relevant electronic communications involving the giving of advice or taking o...
24 February 2011 /payments /sibos Financial Services Regulation
Today, the European Commission has published a review of the Small Business Act, which is the legal framework for a number of pro-small business initiatives, including provisions to promote timely payments. This is - like SEPA - part of the Lisbon agenda. SMEs, defined as companies with no more than 250 employees and a maximum turnover of €50 mill...
23 February 2011 /payments
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