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Archive for: December, 2011

Salil Ravindran - Oracle - Amsterdam | 30/12/2011 | 3193 views | 3 comments

Are banks adopting wallets and contactless the right way

NFC contactless and m-wallets have a significant role to play in the future of mobile financial services and mobile commerce. As much as we know this for a fact, banks have been sceptical in their minds and slow in their approach to embrace contactless payments while being much slower on wallets. The million dollar question is whether they are doin... Tags: Payments, Retail bankingGroup: Innovation in Financial Services

Teresa Grove - Experian - Costa Mesa | 27/12/2011 | 2711 views

Application fraud: enemies at the gate

Defending against fraud is difficult even in the best of times, and these are not the best of times. The gains achieved by making card transactions more secure have pushed fraud to the main gate of entry: the application. In the most notorious form of application fraud, organized crime rings open accounts using stolen identities or synthetic ide... Tags: Risk & regulation, Post-trade & ops

Bo Harald - ZEF Solutions - Esbo | 27/12/2011 | 2361 views | 1 comment

Taiwan setting targets - 4 bn e-invoices in 2013

Su Chun-jung, the director of the Financial Data Center (that is resided under the Ministry of Finance) stated that: around 100 million e-invoices will be issued in Taiwan by the end of 2011 that figure will expand to 2 billion by the end of 2012 4 billion e-invoices will be issued in 2013. in 2013 50% of all invoices in Taiwan are e-invoices... Tags: Online banking, PaymentsGroup: Innovation in Financial Services

Bo Harald - ZEF Solutions - Esbo | 27/12/2011 | 2307 views

Euro crisis - eerie silence

You have surely taken note of the eerie media silence that followed the daily barrages of real or imagined bad news (like a euro break up would be possible). After the bold Italian package media seems to have lost interest – and as media does drive markets – also there the swings are now more moderate. So was the whole thing a really a...

Bo Harald - ZEF Solutions - Esbo | 27/12/2011 | 2755 views | 1 comment

Russia moving towards e-invoicing

"On the 26th of December the Prime Minister of Russian Federation Vladimir Putin signed the resolution “About the forms and rules of filling and exchanging documents for VAT management”. This document established the rules of use of invoices, sales and bough daybooks and a log book both in paper and electronic forms. Electronic invoic... Tags: Online banking, PaymentsGroup: Innovation in Financial Services