Finextra community home

Innovation in Financial Services

Archive for: June, 2011

Bo Harald - ZEF Solutions - Esbo | 30/06/2011 | 3135 views

The good thing with standards.

https://www.ebaportal.eu/_Download/What's%20News/2011/ISO20022_Financial_Invoice_Factsheet.pdf The good thing with standards is - as many say - that there are so many of them. When it comes to e-invoicing we now have one which is global, highly capable, ready for use and open to all (in no way dominated by for example the banking sector - even if ... Tags: Online banking, Payments

Brett King - Movenbank - New York | 29/06/2011 | 2817 views

Mobile Payments can be much more than P2P and NFC...

Today I’ve been in Beetsterzwaag, Opsterland, Netherlands, about 150 kilometers from Amsterdam at an offsite strategic retreat with the ICS (International Card Services) team. Initially part of Bank of America’s presence in the Netherlands, ICS today is an independent subsidiary of ABN Amro NV, but works in the provision of a range of c... Tags: Mobile & online, Payments

Ward Hagenaar - Qhuba Consulting - Utrecht | 27/06/2011 | 5643 views | 1 comment

The merchant is misunderstood

In 2010 both MasterCard and Visa purchased major payment service providers like DataCash and Cybersource. As did some payment processors that acquired payment service providers. The e-commerce market now has a solid place in retail activities. Due to the scale and consolidation of the market the PSP´s became international payment processors t... Tags: Online banking, Payments

Alex Noble - Cisco - London | 27/06/2011 | 8223 views

Wells Fargo: Can video help avoid disability discrimination?

I was amazed by the report that Wells Fargo has ended up paying $16m for failing to provide phone services for deaf customers. Part of the amazement is that in the UK phone services for hearing impaired customers are well established and well used by large companies. In the UK, nearly all banks offer a textphone service and there are well establ Tags: Retail banking

Nikhil Mittal - Infosys Ltd - Richmond | 27/06/2011 | 5169 views

Is it the right thing?

My first few days of stay in one of the worlds most developed economies USA, has made me think in a lot of different directions related to the methodical ways of doing things here. It feels like a CMM Level 5 country with so many processes / methods to do things and everything well organised and recorded in all facets of day to day life, not to men... Tags: Online banking, Risk & regulation