5268 Results from /payments
Retired Member
Banks have been working on standards for inter-bank credit transfer messages for around 50 years. Those standards have typically been used for cross-border credit transfer systems and not for domestic systems. However, as a political and strategic goal of the European Union is to have a single market – one large “domestic” market – it’s always b...
14 March 2011 /payments
As direct debit still is one of the most convenient ways to pay bills, especially when paying monthly recurring payments like gym member ship fees or monthly subscription of magazines or news. It is not only convenient for merchant but for consumer. E-mandate looks really nice on SEPA paper, when consumer gives a right for merchant to bill me ever...
14 March 2011 /payments Payments strategies 2015-2020-2030
Barry Kislingbury Lead Solutions Consultant at ACI Worldwide
February is the time for many of us to visit SWIFT for the annual Partner meeting. It was nice to see some new faces this year and it’s also a great opportunity to catch up and discuss SWIFTs strategies with the regular crowd. SWIFT is a unique organisation in the midst of change, it is trying to become more commercial but it is also a standards b...
11 March 2011 /payments /wholesale Transaction Banking
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
This is the global support from SWIFT that the market needs. As seen from the work with the Single European Payment Area it is necessary to get a network standard in place first – and then make the market create end-to-end harmonization. This will happen faster if enterprises using these services and regulators see and drive the big picture – and ...
11 March 2011 /payments Innovation in Financial Services
Why do companies continue to pay by check? In part three of the series, “The Top 5 Reasons Why Checks Still Dominate B2B Payments” I explore the challenges associated with bringing about process change. Reason #3 - Process Change. The migration from paper to electronic payments will lead to process change and anyone who has tried to introduce bus...
10 March 2011 /payments Payments strategies 2015-2020-2030
Snippets (emphasis mine) from Bruno Koch newsletter “Market development in 2010 was very dynamic, although I was somewhat over-optimistic in the case of Italy and Spain. I assumed that the Italian legislation (making electronic invoices compulsory for the public sector) would be ratified immediately. In Spain, while the suppliers’ obligations to...
09 March 2011 /payments Innovation in Financial Services
Bob Lyddon Consultant at Lyddon Consulting Services
Hello, anonymous! It is interesting that you feel the need to remain anonymous when taking issue publicly with a representative of the "Innovation" space. Is it career-threatening to do so? My opinion is that for 10 years we have confused "Innovative" with "Useful" in this industry; the publicity space is clogged with...
09 March 2011 /payments
Sometimes little things can mean a very great deal indeed. For people who work in the world of standards – whether for data, IT or just a plug in the wall – little things can have a massive impact. Data standards are like that. Changing the format of just one field can mean changing almost every application system that you run or have to work w...
As I read this piece about a teenage cybercrime forum founder being jailed, the above thought came in to my head - "what do the credit card thieves use to pay each other online?". Assume they can't use plain old cash, because all of the credit card numbers are being bought and sold through the internet - so there must be another payment ...
04 March 2011 /payments Innovation in Financial Services
Today I spoke with my account about e-invoice. As I would like to use e-invoice as much as possible, there are some obstacles which annoys me quite a lot. Even in Finland, where we have everything structured, some invoice operators are not discussing with each other, not even technical level and that confuses not only me but my account company. Th...
04 March 2011 /payments Payments strategies 2015-2020-2030
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