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Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

Look into this Treasure Chest

We have been working some time on opening the lid to a true European Treasure Chest. The lid is migration to structured business messages – and the key – e-invoicing - is held by every enterprise and consumer (or rather human user in employee and private role). As often happens in innovation processes the real value of what can be achieved opens...

/payments Innovation in Financial Services

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

Cash not in favour in Finland

Cash is as we know expensive (50bn cost to merchants according to EU study) and an invitation to robberies, theft, counterfeit, drug dealing, prostitution, gambling, tax evasion - you name it. It also puts considerable strain on the environment. Luckily the trends move towards avoiding using it:

/payments /retail

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

What did you watch?

Decent figure for this - mostly still up-to-date video: https://www.finextra.com/fullfeature.asp?id=1020 and 3,5 minute animation: http://boharald.blogspot.com/2011/01/e-invoicing-happening-video.html

/payments Innovation in Financial Services

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

What did you read?

I posted the list below on 30.12.2010 and checked growth in selected page views today (3.1.2011) On EU: Questions European Tax Payers should ask: now 6516 views + 36! https://www.finextra.com/blogs/fullblog.aspx?blogid=2815 A digital Single Market – why and how?: now 2081 + 26, https://www.finextra.com/blogs/fullblog.aspx?blogid=4497 T...

/payments Innovation in Financial Services

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

What did I write?

Looking back – some of the most viewed posts: On EU: Questions European Tax Payers should ask: https://www.finextra.com/blogs/fullblog.aspx?blogid=2815 A digital Single Market – why and how?: https://www.finextra.com/blogs/fullblog.aspx?blogid=4497 The future of Direct Debit – e-invoicing with standing order: https://www.finextra.com/blogs/full...

/payments Innovation in Financial Services

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

ISO-standard for e-invoicing getting support

Support for implementation of first global ISO-standard is starting to appear - also in Russia. And by SWIFT: http://viewer.zmags.com/publication/f9ecbbbc#/f9ecbbbc/1 It so makes sense for countries that have not yet created dominating local standards to go directly for the global one (we are all heading for it anyway). Why waste time – a lot of t...

/payments Innovation in Financial Services

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

Demise of cash

Nick Jones blogged about cash. We managed to eliminate private cheques in Finland in 1983 by putting a charge (8c) on the cheque forms (picked up or mailed). At the same time there was a big drive for debit cards and this lead to a very positive negative trend for cash already then. Another positive effect was that the debit card could be used for ...

/payments Innovation in Financial Services

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

Blame it on the banks 2

Translating part of a Facebook note by Liisa Jaakonsaari (MEP - Finnish Social Democrat): "The crisis in Europe is not because of EU or the Euro. Rather it can be said that EU and the euro are innocent victims. Bad guys are unregulated and irresponsible financial markets. Blaming the banks is becoming a rather worn issue and does not always hi...

/retail /wholesale Whatever...

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

EU Commission request delivered - global standard

The EU-commission asked the Expert Group on e-Invoicing to come up with a standard for Europe – a global one. Now it has been delivered. The global standard has now been published. Much asked for, high quality and capability – should be deployed as soon as possible. More here: https://www.finextra.com/blogs/fullblog.aspx?blogid=4693 and www.i

/payments Innovation in Financial Services

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

Blame it on the banks 1

In the late 80s there was a big growth boom in Finland - fuelled ao by ending tax break on profits on selling enterprises and strong credit expansion when the savings banks (inexperienced corporate lenders) were deregulated and started to aggressively push into foreign currency lending. All this new liquidity tried to find safe havens - stock pric...

/retail /wholesale Whatever...

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