5090 Results from /payments
Retired Member
E-invoicing has been a firm fixture on the banking conference agenda for at least the last five years and the recent EBA Day was no exception. Banks have been rather territorial over e-invoicing, which - until recently – many perceived to be a potentially lucrative opportunity. But, with the exception of banks in the Nordics and the EBA e-invoici...
03 June 2010 /payments
With no inflation in sight, why am I writing about hyperinflation? Remember, in October 2008, the deer in the headlights look on the faces of economics experts? Nobody in charge knew what was going on. None of the experts in textbook economics, none of the Nobel Prize winning old men. They were all dumbfounded. Every one of them. And they are stil...
02 June 2010 /payments /retail
First day of EBA Day in Luxemburg, e-invoicing had been coined to the audiences. The event held on right after the release of EBA and Innopay’s E-invoicing 2010 European Market Guide report. The first release of the report was in 2008 and touched upon eight findings. One of the findings were about rapid growth of low base under-addressed market se...
02 June 2010 /payments Finance 2.0
Yesterday was the final day of EBAday and, as expected, many of the sessions focused on the challenges that banks are currently facing as they integrate SEPA with their domestic payments infrastructures while they migrate from legacy payments, ultimately turning the SEPA vision into reality. EBAday is an opportunity to reflect on the progress of S...
28 May 2010 /payments /wholesale
Today marks the second anniversary of the Faster Payments Service that has helped reduce UK payment processing time from three working days to near real time. According to a recent Payments Council report, the service is well underway. Despite consumers’ slow initial adoption, two years on, the convenience of Faster Payments has generated more inte...
27 May 2010 /payments /retail
As the banking industry reflects on the aftermath of the recent financial crisis, the first day of this year’s EBADay in Luxemburg began with discussions on how banks need to regain trust of their customers by enhancing their payment services. Naturally, the focus then shifted on to innovation in payments and e-invoicing in particular. E-invoicing...
27 May 2010 /payments
The second birthday of the UK Faster Payments Service (FPS) is upon us. However, the scheme still has a few teething problems that need to be straightened out. On the one hand, consumers’ use of the service has been heralded a success. In fact, according to the recent report from the Payments Council 'The Way We Pay 2010', individuals are making ...
26 May 2010 /payments /wholesale
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
Very clear message in survey by Equens, IBM and Frauenhofer
26 May 2010 /payments Innovation in Financial Services
The 2008 $48 billion VISA and Mastercard interchange fees that Senator Durbin mentions all throughout his bill is as a result of $2.864 trillion of VISA and MC debit and credit card charges. What this means is that the average interchange fee is a very reasonable 1.676%. Senator Durbin also mentions that the the U.S. interchange fee is the highes...
25 May 2010 /payments Private Equity Investing in Financial Technology
Rik Coeckelbergs Independent Advisor, Opinion Maker and Consultant at The Banking Scene
Trialpay surprised me this week with a couple of interesting surveys: one on the effect of Motherday on the revenue in social gaming and one on ad-funded payments. Let us start with the ad funded payments. In fact, after reading the paper it looks more like a real marketing instrument rather than a payment instrument, but nevertheless it is worth...
24 May 2010 /payments /retail Innovation in Financial Services
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