5174 Results from /payments
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
In Madrid and in Paris My message in short: 1. the point is not dematerialization of transporting invoices – it is the automation of all administrative processes that is enabled 2. it is possible to cut the cost of administrative burden – especially for SMEs – sooner with strong will both from their side and from regulators. 3. without banks ...
22 April 2010 /payments Innovation in Financial Services
Rik Coeckelbergs Independent Advisor, Opinion Maker and Consultant at The Banking Scene
I just read the related article on Dibspace. I thought this is the perfect incentive to start a post on virtual currencies. With the start of online gaming there was a boom of virtual currencies in the virtual market. I have experienced the one of World of Warcraft in the beginning for example. But of course there are many other examples as well. T...
19 April 2010 /payments /retail Innovation in Financial Services
Johanna Andersen from Nordea Bank wrote this landmark article. Return to sender is the obvious thing to do for receivers of paper or PDF invoices - as soon as the service providers - also the banks - have come up with the 0-investment and 0-ITskill-needed portal for SMEs.
19 April 2010 /payments Innovation in Financial Services
Retired Member
What could be the critical success factors for measuring the efficiency and effectiveness of Payment systems? In my humble view Payment instruments supported - ACH, Wire transfers, Cheques etc Payment channels supported - Browser based, Paper (FAX etc), IVRS, Telephone, Bulk upload etc Interoperability - Degree of integration with other applicatio...
19 April 2010 /payments /wholesale
From Bruno Koch’s newsletter: “3. EU Council agrees on draft Directive regarding E-Invoicing requirements It is the objective of the European Ministers of Finance (ECOFIN) to harmonize and simplify the European VAT invoicing rules. On March 16, 2010 they agreed on draft Directive amendments. If the European Parliament approves the proposed change (...
16 April 2010 /payments Innovation in Financial Services
What’s it going to take to get contactless payments off the ground? Contactless card payments have been proving more of a slow burner than a big bang, and the introduction of mobile phones with embedded NFC capabilities that could be used for contactless payments has also been slow. One of the issues with contactless card payments has been that re...
16 April 2010 /payments Information Security
Nick Ogden Chairman at Ogden Research
It comes as no surprise that the Payments Council has again articulated the demise of cash in their latest report with usage rising just 7 per cent over ten years, while total spending has doubled. The switch away from cash has been long coming with the latest statistics demonstrating that the payments market is changing as consumers look for more...
15 April 2010 /security /payments
A couple of weeks ago I started to think of biometric payments, how well developped they are so far and maybe how long it will take to have it mainstream. In Belgium there are no signs of biometric payments, at least I have not seen any. So I decided to start some discussions on LinkedIn on this subject, to see if there were any biometric payment...
14 April 2010 /payments Innovation in Financial Services
It is axiomatic that banks have traditionally had problems in measuring their payments business and the value it brings to their bottom line. Are payments just a means to securing a corporate’s DDA or current account? Are they merely an adjunct to credit relationships? Or do they in fact have an intrinsic value which could do far more than adding ...
14 April 2010 /payments /wholesale
The Payments Council announced late last year cheques are to disappear in the UK by 2018. To most people this might feel like a case of, so what? Particularly for corporates, where the use of cheques is dramatically less than say a sole trader or SME. So what impact will this have for corporates? Companies of all sizes will be affected in some way...
09 April 2010 /payments /sibos
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