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Archive for: December, 2011
Salil RavindranOracle - Bangalore

Are banks adopting wallets and contactless the right way

30 December 2011  |  4739 views  |  3 comments | recommendations Recommends 1

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 doi...

TagsPaymentsRetail bankingGroupInnovation in Financial Services
a non-active Finextra member

Application fraud: enemies at the gate

27 December 2011  |  3513 views  |  0 comments | recommendations Recommends 0

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 iden...

TagsRisk & regulationPost-trade & ops
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Bo Harald
Bo HaraldZEF and Real Time Economy Program - Helsinki region

Taiwan setting targets - 4 bn e-invoices in 2013

27 December 2011  |  3337 views  |  1 comments | recommendations Recommends 0

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 fig...

TagsPaymentsGroupInnovation in Financial Services
Bo Harald
Bo HaraldZEF and Real Time Economy Program - Helsinki region

Euro crisis - eerie silence

27 December 2011  |  3264 views  |  0 comments | recommendations Recommends 0

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...

Bo Harald
Bo HaraldZEF and Real Time Economy Program - Helsinki region

Russia moving towards e-invoicing

27 December 2011  |  3800 views  |  1 comments | recommendations Recommends 0

"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 doc...

TagsPaymentsGroupInnovation in Financial Services
Retired Member
a non-active Finextra member

Truth and Unintended Consequences

23 December 2011  |  3977 views  |  0 comments | recommendations Recommends 0

So much for “praise in public and reprimand in private.” A teacher publicly reprimanding a student who launches a spitball in class demonstrates to everyone the consequences of certain behavior. Regul...

TagsTrade executionRisk & regulation
James Richards
James Richards80-30 - London

A turning point in the history of mobile financial services

22 December 2011  |  5354 views  |  0 comments | recommendations Recommends 0

With 2011 drawing to a close, it’s clear that the year has seen exciting changes in mobile banking and payments, with innovative advancements to enhance the consumer experience being delivered. In par...

TagsMobile & onlineGroupFinance 2.0
Bo Harald
Bo HaraldZEF and Real Time Economy Program - Helsinki region

Just like payments - in sight

22 December 2011  |  3467 views  |  1 comments | recommendations Recommends 0

With the establishment of eeSPA http://www.eespa.eu/EESPA%20Press%20Release-2011-12-15.pdf we now have the organization in place to drive towards e-invoicing functioning “Just-like-payments. You sign...

TagsPaymentsGroupInnovation in Financial Services
Brett King
Brett KingMoven - New York

How the post office is killing identity verification

22 December 2011  |  6340 views  |  1 comments | recommendations Recommends 0

There has been a 25% decline in the total mail volume for the USPS (United States Postal Service) from 2006-2011, resulting in a $5.1 Billion loss in 2011 alone. Since 2007 the USPS has been unable to...

TagsRisk & regulationRetail bankingGroupInnovation in Financial Services
Pat Carroll
Pat CarrollValidSoft - London

The security breaches of 2011

21 December 2011  |  5980 views  |  0 comments | recommendations Recommends 0

2011 presented some fascinating security breaches that could have been prevented. Here are my top three trends, and how to avoid them in 2012! Online identity and social media sites The successful lau...

TagsSecurityGroupInnovation in Financial Services
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