447 Results
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
If you can lower the treshold to e-invoicing - as suggested below (emphasis mine) - you can automate accounting, public sector reporting, further the single market and much more. Then EU and member states have a chance to reach the 25% goal by 2012. If not - no chance. Who will take the responsibility for such fundamental failure? Stoiber and Verh...
22 September 2009 /payments Innovation in Financial Services
Technology is not the narrow sector - it is amply on offer - and the costs are going from low to lower. Technology enables "anything" and in most cases the utility is evident. The adoption gap is still widening - even too much. Why is this happening? In some cases it may be the less than perfect first versions that have scared adopters of...
20 September 2009 /payments Innovation in Financial Services
Banks should move up the order-to-payment value chain from payments and down the payment-to-accounting value chain - before invaders move down or up into the payment business. The reasons are fundamental: - better service - better value - new revenues certainly needed when float disappears, interest margins remain low and fee income in commoditized...
19 September 2009 /payments Innovation in Financial Services
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
Extended payments - everything is the same presentation at Open Theatre Synopsis: 1. Up the value chain - new value = new revenues for banking sector 2. Four economics 3. Three neutralities 4. Twosided networks 5. One generic messaging platform 6. It is all the same - infinite opportunities
14 September 2009 /payments Innovation in Financial Services
China has shown what can be done when you are determined in many fields - from infra to business to high tech. In EU we need much more levers to get the obvious things happening. Cash is costing merchants some 50 β¬billion per year - and of course every cent of this is paid by the consumer. Transparent pricing would show it to him -and help him to m...
09 September 2009 /payments Innovation in Financial Services
Typical e-invoicing transaction trend in Finland: http://boharald.blogspot.com/2009/09/e-invoicing-transactions-taking-off.html The shape of this curve reminds me of the development of e-banking transactions back in the 80s - first you sign up the customers - then you have to wait, and then wait, and wait - and then it takes off like a rocket - vir...
08 September 2009 /payments Innovation in Financial Services
Another area where public-private partnership at some point may have had challenges is e-invoicing. Some have seen a danger that the PEPPOL-pilot for public sector procurement in EU will lead to the public sector only accepting e-invoices in the UBL-format - at the same time as UNCEFACT/TBG1 is finalizing the user guidelines for Cross Industry Inv...
06 September 2009 /payments Innovation in Financial Services
We are seeing a growing realization that there is no public sector - or private sector for that part - from a citizens point of view - only services produced somewhere (even if they are subject to policy making and regulation from the public sector - really important task that should not be disturbed by service production). The all-important thin...
06 September 2009 /retail Innovation in Financial Services
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