1013 Results from 2011
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
We have on many occasions stressed the need for the public sector to more aggressively - save their own operating costs, - help enterprises to save cost, - drive enterprises across digitalization thresholds - cut CO2 - make the single market real - collect VAT and other taxes due - further global standardization Migration to e-invoicing fur...
15 December 2011 /payments Innovation in Financial Services
Pat Carroll Founder/Executive Chairman at ValidSoft
As of 1st January 2012, the three-day wait for fund transfers will be over. Banks must ensure that for all electronic payments (e.g. online banking transfers), the money reaches the payee’s account in a much more timely manner. This is likely to cause problems for banks and may well identify weaknesses in their approach to fraud management in terms...
15 December 2011 /security /payments Innovation in Financial Services
Retired Member
The festive period looms and it occurs to me that the whole idea of good will to all men doesn’t seem to extend to the political elite and a press corps bent on spreading gloom faster than the Eyjafjallajökull volcanic dust cloud. It is tough for the average Western citizen to maintain a cheery outlook on life. In fact, looking on the bright side ...
14 December 2011 /payments /retail
Ronan Brennan CTO at MoneyMate
2012 is set to be a dynamic year in the financial advisory sector. With the FSA’s Retail Distribution Review (RDR) coming into effect in December 2012, IFAs have to up the ante with standardised professional qualifications and increased transparency of charges and services. With time running out to comply, it is not a matter of when, but how to pr...
14 December 2011 /regulation
As most of us know, new FSA rulings came into force at the start of last month, demanding that regulated investment firms record all mobile phone conversations relating to transactions in certain markets and store them for six months. These companies already have to store landline conversations securely, and this new ruling will add a further burd...
14 December 2011 /security
Brett King CEO & Founder at Moven
No one could doubt that peer-to-peer lending (or P2P Lending) has landed big time in 2010, but it looks as if the best is just about to come. The biggest US P2P lender, Lending Club, will issue more than $250 million in loans this year – greater than the last four years combined – for a total of nearly $450 million since inception. Their last $10...
14 December 2011 /retail Finance 2.0
Paul Love VP Business Development at Konsentus
The concern with stories like the recent one in the Telegraph about it being too expensive for the police to arrest a fraudster - so there are no consequences for the card fraud criminal - is that they erode confidence in the entire payments system. We often talk about fraudsters going for the weakest link, but we don't often think the police wil...
14 December 2011 /security /payments
Stephen Wilson Managing Director at Lockstep Consulting
A few months ago, the Australian banking consortium BPAY announced the cancellation of its promising and well funded account portabilty MAMBO. What does this mean for the even more audacious plans for federated identity in banking? The US government's National Strategy for Trusted Identities in Cyberspace (NSTIC) envisions using university studen...
13 December 2011
NACHA, the Electronic Payments Association, is the organization that manages the development, administration and governance of the ACH Network. They recently proposed the Expedited Processing and Settlement (EPS) amendment to the NACHA Operating Rules (“Rules”) that would enable ACH entries to be processed and settled on the same day that they ar...
13 December 2011 /payments Payments strategies 2015-2020-2030
“Farmland is going to be one of the best investments of our time,” philanthropist George Soros claimed a couple of years ago. He certainly wasn’t wrong. However, it could be said there is a lack of clarity when it comes to investing in agriculture today and opportunities are being missed in certain subsectors. A group of leading scientists recently...
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