283 Results from 2010, /payments
Retired Member
“Payments Rails" across the world were created on need basis, so specifically not considering the existing / proposed rails in parallel payment business and market. This was rational till a point where the boundaries between parallel payment methods were definable, discrete and distinguishable. Market is into a natural convergence track. Reve...
22 November 2010 /payments /wholesale Innovation in Financial Services
Whenever a new technology hype cycle starts, there is a stampede of major vendors all vying to be seen as the “hype leader”. The latest hype cycle to affect the IT industry is cloud based computing. Article after article hails the cloud as a new phenomenon. In the more restrained world of the SWIFT Service Bureau, things are more serious – especi...
18 November 2010 /payments SWIFT Matters
I have had a busy summer as having moved to the New York area with my family. Whilst we had to do a lot of preparation with going to the US embassy etc for visas, the move finally became "real" for me when all of the furniture in our house was removed for shipping to the US, and we ended up effectively camping in our own home for a few w...
18 November 2010 /payments /regulation Data Management 101
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
I just got a message from Finextra stating that the 1/4 million milestone has been passed (in two years). I am very grateful to all who have taken the trouble to view posts and to Finextra for bringing us together. My mission is to further development in the networked economy - contribute to new concepts, standards, collaboration, competition, tran...
18 November 2010 /payments Innovation in Financial Services
Finally we have seen the impetus required to start the mobile NFC ball rolling. There is a strong likelihood that Apple will announce that the next iteration of the iPhone will contain an NFC chip, whilst Google announced yesterday at the Web 2.0 Summit that the next version of Android (Gingerbread) will support NFC. Lots of people in the media
16 November 2010 /payments Innovation in Financial Services
A new study by Maija Tenhunen and Esko Penttinen about the carbon footprint of invoicing reveals that the paper based process generates as much as 450g on average and electronic invoice can go as low as 150g. 300 sustainability reasons to go digital every time an invoice is sent – translated to EU today this equals over 8 million tons. So it is ...
15 November 2010 /payments Innovation in Financial Services
The Trade Standard Evaluation Group approved the ISO 20022 (UNIFI) standard for electronic invoices on the 29th of October 2010. The opening address by Jorgen Holmquist (Director General at the EU-commission) to the first meeting of the EC Expert Group on e-Invoicing in February 2008 clearly stated the need for a standard for Europe – but a global ...
14 November 2010 /payments Innovation in Financial Services
Against all the odds, SEPA remained an active topic of discussion at Sibos in Amsterdam, with a degree of clarity about the specific issues of migration not usual in the SEPA debates of late. At least the imminent setting of a SEPA migration end date(s) is anticipated - with eagerness or trepidation depending on your point of view and preparedness...
12 November 2010 /payments /wholesale
I was going to comment on Brett King's blog The perfect storm to put an end to CASH and realised that I had more than a comment. Brett makes some good points. There are many statistically compelling arguments to remove cash, however until the providers of vices are willing to accept other forms of payment I see some difficulty. Mobile payments an...
12 November 2010 /payments Whatever...
Studies made for EU reveal that the VAT Gap (difference between theoretical VAT receipts and actual payments) exceeds 100BN€ every year since 2000 (118,8bn€ in 2009). All of this is not fraud or loopholes - there can be legal exceptions. In any case it is our money - something we tax payers should be interested in getting paid (to get lower salary...
11 November 2010 /payments Innovation in Financial Services
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