5054 Results from /payments
George Ravich President at Ravco Marketing, LLC
Has there ever been a better time to be a bean counter? Those who count the cash have seen their status in the organization soar to new heights as liquidity has become as important as the latest expansion strategy or marketing initiative. With credit lines constricted, cash isn't just king – it's God! So what should treasurers do about it? I thi...
12 July 2010 /payments /wholesale Transaction Banking
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
The report of the Expert Group on e-Invoicing only mild-mannerly pointed out that the 3-corner model can limit choices of suppliers and thus be anticompetitive. The view was that the market will for natural reasons become a normal 4-corner one – allowing any buyer and any seller to use their chosen service providers freely (as long as these live up...
10 July 2010 /payments Innovation in Financial Services
Retired Member
In developed countries worldwide, corporations are substantially increasing their holdings of cash assets. Pundits, regulators and governments are asking “Why?” Those asking the question posit that this hoarding is slowing the recovery and destroying jobs. As a result, more fiscal stimulus, deficit spending, social programs and regulation are re
08 July 2010 /payments /wholesale Treasury Management
Miloslav Hoschek Freelancer at e-Silk Road, NGO
Reading about EPC e-SEPA ambitions I have in my head two proverbs, an old Byzantine one "a Throne is Only a Golden Tomb" ...and another one... "do not teach an old dog the new tricks"... cont. copyright Miloslav HOSCHEK PhD independent consultant mhoschek/ad/gmail.com
08 July 2010 /payments /retail Payments strategies 2015-2020-2030
If you had asked me a year ago what the credit and debit card industry was like in Brazil, I would have said that it has always faced major challenges - many of them just down to the credit availability and culture of the country. Due to low banking penetration, cash is still king with much of the population. Credit is scarce and credit card avail...
07 July 2010 /payments
Recently I co-hosted a webinar on AML sanctions screening alongside Chrisol Correia, Director of Strategy at Dow Jones Risk & Compliance. The presentation gave us the chance to examine some of the challenges facing financial institutions in their payments sanctions screening programmes. Chrisol discussed some of the technical issues that can
06 July 2010 /payments /regulation
The National Payments Plan progress report that was published in June highlighted the Payment Council’s continued focus on alternative payment technologies such as contactless. The two-year progress update references the “Review of the contactless and prepaid card markets” published in May 2010, which highlighted concerns raised by a number of co...
05 July 2010 /payments Information Security
A provision was approved by the U.S. House and Senate financial reform conferees last week, which allows banks to pay interest on business demand deposit accounts for the first time since the Great Depression. Below is our short synopsis of the issues. Commercial Banks will face higher cost of funds as they begin paying interest. However, they wil
03 July 2010 /payments /wholesale Treasury Management
Rik Coeckelbergs Independent Advisor, Opinion Maker and Consultant at The Banking Scene
This is a question I am thinking of for some period now. Innovation in payments is made for the customer... most at least! But it is all going so fast, that I wonder how long the Industry will be able to make profits out of it. Of course, as in many topics I am just a newbie asking himself some dull questions from time to time. But last week Chris ...
03 July 2010 /payments /retail Innovation in Financial Services
COUNCIL DIRECTIVE amending Directive 2006/112/EC on the common system of value added tax as regards the rules on invoicing Snippets – emphasis mine: “(8) Since the use of electronic invoicing can help businesses to reduce costs and be more competitive, current VAT requirements on electronic invoicing should be revised to remove existing burdens an...
02 July 2010 /payments Innovation in Financial Services
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