5072 Results from /payments
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
EUROPEAN COMMISSION - High Level Group of Independent Stakeholders on Administrative Burdens exerpts from OPINION OF THE HIGH LEVEL GROUP "The VAT Directive explicitly allows the use of electronic means for sending and archiving invoices. The rules however leave too many options to Member States so that national requirements for electronic inv...
18 September 2009 /payments Transaction Banking
As we heard from Stig Korsgaard at SIBOS there a rather unique happy confluence has been arrived at as: 1. The EC Expert Group on e-Invoicing turned to UNCEFACT to get a global e-invoicing standard to use in EU - the obvious targets being to speed up adoption, cost-efficient integration and automation and at the same time further the Single Market...
18 September 2009 /payments Innovation in Financial Services
Parth Desai Founder and CEO at Pelican
The introduction of regulations such as the Single Euro Payments Area (SEPA), continuing recessionary pressures and increased competition across the payments landscape are forcing banks to re-evaluate the way they process payments. For many, payment processing remains an extremely costly business. For example, it can constitute up to 40% of a bank...
17 September 2009 /payments /sibos
Retired Member
So it's official: Andrew Long from HSBC stated today in one of the "Big Debates" that customers need SEPA to be relevant to them to create demand and then migration. He suggested that SEPA was driven only by politicians and that we as an industry should find out what the market wants and then tailor the rules to fit. This sounds like good...
SWIFT’s new standards changes go live on 21st November 2009. Talking about this yesterday, I started thinking about the three key areas that SunGard think are critical for 2010 – Transparency, Efficiency and Networks. What the community is trying to achieve with SWIFT’s MT202 is a great example of the first, transparency. Sitting in some of the ...
17 September 2009 /payments /sibos SWIFT Matters
Elizabeth Lumley Global FinTech Commentator at Girl, Disrupted
Not once, not twice, but three times at Sibos, I have spoken to people who say Transaction Banking is The New Sexy. Admittedly, they did work in transaction banking, but I can see their point. Banks, especially the large masters of the universe over at investment banking, have not been living in the land of happy over the past two years. However, o...
A report just launched by the Smart Card Alliance (SCA) suggests that stakeholders in the U.S. payments industry examining end-to-end encryption should consider the use of contactless chip cards along with dynamic cryptograms in the fight against fraud. While the merits of end-to-end encryption have received a lot of ink in recent months following ...
16 September 2009 /payments
After having survived the typhoon, the real business of Sibos has started: debating the key issues facing banks and their corporate customers. SEPA migration is still a key topic with its implications for potential Asian payments consolidation. Many of the delegates to whom I have spoken have expressed the feeling that we are still talking about th...
16 September 2009 /payments /sibos
Day two and yet again talk about ‘hubs’ has been circulating through the conference. This is a perennial topic with barely a presentation or talk going by when the word ‘hub’ is not applied to yet another part of the payments industry as if the term alone will be the panacea for all things technological. Quite frankly, none of this helps as it is ...
As the typhoon raged over us here at Sibos last night, I couldn’t help but think of the new storm that is brewing over the western banks as we speak. The reason I thought this was that ironically the cause of this storm is here in Asia. As an active player in the Asian market, we have been cautiously optimistic to see our Asian customers and prosp...
15 September 2009 /payments /sibos
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