5240 Results from /payments
Retired Member
If you had asked me a year ago what the credit and debit card industry was like in Brazil, I would have said that it has always faced major challenges - many of them just down to the credit availability and culture of the country. Due to low banking penetration, cash is still king with much of the population. Credit is scarce and credit card avail...
07 July 2010 /payments
Recently I co-hosted a webinar on AML sanctions screening alongside Chrisol Correia, Director of Strategy at Dow Jones Risk & Compliance. The presentation gave us the chance to examine some of the challenges facing financial institutions in their payments sanctions screening programmes. Chrisol discussed some of the technical issues that can
06 July 2010 /payments /regulation
The National Payments Plan progress report that was published in June highlighted the Payment Council’s continued focus on alternative payment technologies such as contactless. The two-year progress update references the “Review of the contactless and prepaid card markets” published in May 2010, which highlighted concerns raised by a number of co...
05 July 2010 /payments Information Security
A provision was approved by the U.S. House and Senate financial reform conferees last week, which allows banks to pay interest on business demand deposit accounts for the first time since the Great Depression. Below is our short synopsis of the issues. Commercial Banks will face higher cost of funds as they begin paying interest. However, they wil
03 July 2010 /payments /wholesale Treasury Management
Rik Coeckelbergs Independent Advisor, Opinion Maker and Consultant at The Banking Scene
This is a question I am thinking of for some period now. Innovation in payments is made for the customer... most at least! But it is all going so fast, that I wonder how long the Industry will be able to make profits out of it. Of course, as in many topics I am just a newbie asking himself some dull questions from time to time. But last week Chris ...
03 July 2010 /payments /retail Innovation in Financial Services
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
COUNCIL DIRECTIVE amending Directive 2006/112/EC on the common system of value added tax as regards the rules on invoicing Snippets – emphasis mine: “(8) Since the use of electronic invoicing can help businesses to reduce costs and be more competitive, current VAT requirements on electronic invoicing should be revised to remove existing burdens an...
02 July 2010 /payments Innovation in Financial Services
This case (e-invoices received by SMEs) represents quite well the market trend in Finland. The trend on the e-invoices-sent-by-SMEs has been steeper and the volumes much higher as so many invoice receivers (state sector, most big cities, most large enterprises) have set deadlines for accepting paper or e-mail invoices. Structured data should for a...
Leaders in the Economist digital economy ranking. The survey appears to be very thorough - but I would put more weight on productivity improving innovations starting from the highest and massive volumes - invoices, payments, card transactions, accounting automation, e-banking etc. Also try to measure public-private partnerships aiming at economy o...
01 July 2010 /payments Innovation in Financial Services
Fraud is serious business. A recent report from PwC cited that hacking attacks overall are costing UK businesses at least £10bn a year. Fraud reduces customer confidence and brand integrity. Merchants however can fight back by taking measures to limit fraud exposure from the outset. How? By implementing comprehensive fraud and risk management pro
28 June 2010 /security /payments Information Security
As if security managers at banks and other financial institutions don’t have enough to worry about, a recent article has pointed to another threat that must be dealt with—hackers remotely taking control of customers’ computers to make unauthorized funds transfers. This raises a critical issue: the importance of securing the front-end of a system i...
28 June 2010 /security /payments
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