283 Results from 2010, /payments
Retired Member
Banking software has been around forever of course, so perhaps you might not find the topic that "sexy", but you may want to take another look at this industry that grows and changes as fast as any market sector out there. I got my start in Financial Services Software while I was working at JPMorgan Chase in the early nineties. I started...
22 March 2010 /payments /regulation
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
“Future of E-Invoicing in Russia” took place in Moscow recently. The following was reported: “· Necessary legal aspects must be prepared for e-Invoicing during the first half of 2010 (Russian government position according to the Ministry of Finance report) · Corresponding amendments (#369555) to the article 169 of the Tax Code have been approved al...
16 March 2010 /payments Innovation in Financial Services
Increasing criminal and terrorist activity, combined with a highly regulated environment, is evidence that financial crime is a persistent, global problem. In banking, a similar story is playing out with sanctioned entities still using banks to illegally transfer money from A to B. Without a doubt, regulation has made a positive impact in the prev...
16 March 2010 /payments /regulation
Nick Ogden Chairman at Ogden Research
It’s hard to ignore – card fraud in the UK is a significant burden, still running at over £440 million according to the latest figures from the UK Payments Association. Not surprisingly the nature of this threat has evolved dramatically in recent years. It has moved away from face to face fraud, largely eliminated through the introduction of EMV a...
15 March 2010 /security /payments Online Banking
SWIFT magazine painting a wider picture. Only a question of time before TSU and e-invoicing services find each others. It is plain to see that a payment guarantee following on approval of an invoice can be extremely valuable both for the seller (can ship and can use invoice for financing) and buyer (gets the delivery faster – and cheaper financing ...
14 March 2010 /payments Innovation in Financial Services
The latest stats on UK fraud from the UK Cards Association provide some interesting food for thought and it is of course excellent to see that UK credit and debit card fraud fell by 28 percent in 2009, compared to the previous year. However, fraud will always move to the weakest area and exponential growth in use of the internet for banking and sho...
11 March 2010 /security /payments Innovation in Financial Services
Statistics from the banking sector reveals that 129 000 enterprises were signed up last year. Adding a couple of additional months of brisk selling – and those signed up by a good number of non-bank service providers means that then total is now well north of 150 if not 160 000. This represents almost all actively trading enterprises. So now we ca...
11 March 2010 /payments Innovation in Financial Services
This year’s International Payments Summit had a clear theme running through the various debates and discussions around the event: how regulation is stifling progress….but mainly for the banks. During the final day of IPS, ZOPA, a lending and borrowing exchange that lets people sidestep the banks, once again brought about discussions on the floor ar...
11 March 2010 /payments
Olivier Berthier CEO at Moneythor
There is an interesting piece on voxeu.org calling for a fair treatment of trade finance under the upcoming Basel III rules. A majority of practitioners view Basel II as unfairly and dangerously tough on Trade Finance in terms of capital requirements under the Standardised Approach, compared to the "one size fits all" approach of Basel I...
10 March 2010 /payments /wholesale Financial Supply Chain
Daniel Maurice-Vallerey CEO at Qori
Are the costs of exceptions one of the penalties of transacting payments? In the real world, not all payments are straight through and the resulting exceptions are one of the hidden costs associated with the transaction. It is estimated that between 1% and 8% of international payments generate exceptions, depending on the bank and the market, which...
08 March 2010 /payments
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