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Transaction Banking

A community for discussing technology trends, views and perspective in global transaction banking

Nahum Goldmann - ARRAY Development - Ottawa Canada | 13/06/2013 | 691 views | 2 comments

222M Euros error - the importance of exception management

http://money.cnn.com/2013/06/11/news/world/bank-error-napping/index.html Speaking of transaction banking and exception management, a bank clerk nodded off for a second while processing a transfer request and held down the number 2 on his keyboard, changing the amount from 62.40 Euros to 222, 222, 222.22 Euros, according to testimony before a Germa... Tags: Payments, Risk & regulation

enrico camerinelli - Aite Group - Boston | 05/05/2013 | 1729 views | 1 comment

A New Era for Payments: B2B Networks

I am thinking of a model where companies will exchange payments via the same network infrastructures they already use for business-to-business (B2B) transactions such as purchase orders, sales orders, product co-engineering specs, inventory tracking and tracing, sales and procurement forecasts. These B2B platforms (e.g., Ariba Network, GXS, Tieto, ... Tags: Payments, Innovation

enrico camerinelli - Aite Group - Boston | 29/04/2013 | 1638 views | 1 comment

Something New Happening in Transaction Banking?

I am happy to share the initial findings of my research on how transaction banking is transforming. I will post additional information as my research develops and new fact-based findings emerge. Transaction banking (TB) can be defined as the set of instruments and services that a bank offers to trading partners to financially support their reciproc... Tags: Wholesale banking, Transaction banking

Martin Bailey - Temenos - Hemel Hempstead | 26/03/2013 | 1006 views | 1 comment

Stand and Deliver

When my dad wanted to underline something as especially true, he would use the phrase "you can take that to the bank." If someone wanted to underline the chances of something making money, they would say "as good as money in the bank". Both these phrases stem from the bank's reputation for safety. In the good old days, banks were invented as a saf... Tags: Risk & regulation, Retail banking

Antti Larvala - CAL360 Degrees - Brussels | 19/02/2013 | 1781 views | 1 comment

Credit payment without card

Last week NetPosti (Itella, local postoffice) provided new payment option for their virtual post office in Finland.Idea is neat and I already see global copy cats to use same idea in larger percpective. When consumer gets bill to his virtual mailbox hosted in this case by Itella, he has option to pay bill traditional way or apply loan from Collect... Tags: Cards, Innovation