5200 Results from /payments
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
The ministry of Employment and the Economy has published an extensive study on cost of administrative burden. Some quotes (my emphasis): "The aim of the study was to chart statutory information obligations based on legislation regulating financial reporting, and to assess the related administrative costs and burden imposed on enterprises. Adm...
04 March 2010 /payments Innovation in Financial Services
Elizabeth Lumley Global FinTech Commentator at Girl, Disrupted
Finextra HQ has been a hive of activity around planning the upcoming EBADay - to be held on the 26th and 27th of May in Luxembourg. Registration is open and the agenda has been set. It should not be a surprise to many that this year the focus will be on the Single Euro Payments Area (Sepa) as well as the Payments Services Directive (PSD) and Sepa...
04 March 2010 /payments /retail EBAday
Retired Member
When we started looking for customers in the first payments startup I worked for, low hanging fruit were obvious. All you had to do to find them was look for a merchant's international shipping policy - or lack thereof - and continue from there. The value proposition we offered, where we would make final accept/decline decisions and insure them, w...
03 March 2010 /payments /regulation Innovation in Financial Services
Transparent, honest and just pricing gives consumers a chance to act in their own interest. Lower costs for service providers will sooner rather than later lead to improved cost – benefit. To the extent that the rationalization benefits shareholders it is important to remember that the largest shareholders usually are public and private pension sch...
02 March 2010 /payments Innovation in Financial Services
At the early stage of e-invoicing it was referred to as “dematerialization”. The benefits were seen as coming from not sending paper mail – but electronic mail. Now it has become very clear that the real benefits are in keeping the information in structural form (not de-electronizing it by printing or making it into a PDF-picture) and sending it as...
Today, for the fifth time in as many months, my Debit Card was Blocked by my UK Bank for suspect activity. I know exactly what the activity is, its the same activity that happened the first time and every time subsequently. Every time it occurs I make a point of talking to their Fraud team - pointing out exactly what their "Fraud Monitoring A...
01 March 2010 /payments
"If there are any Mattel engineers in the audience, the astronaut Barby's space suit is not crash proof" (loose paraphrasing on Will Wright's keynote) Yep, the keynote was entertaining and Engage brought a lot of vendors to snowy New York's Javits center. The two day event, though a bit low on developers, had a few interesting sessions a...
23 February 2010 /payments /regulation Innovation in Financial Services
New report (will be translated to English soon) going deeper into the e-invoicing theme http://www.dbresearch.com/PROD/DBR_INTERNET_DE-PROD/PROD0000000000253980.pdf Deutsche Bank is certainly doing their part - but as the report notes - the network effect is needed - and that means all banks - just like payments.
21 February 2010 /payments Innovation in Financial Services
I think the report from the University of Cambridge is very interesting and raises some very valid points, despite the fact that it is quite theoretical and could only work in a specific set of circumstances. There are a number of options that the banking community has to prevent fraud of this nature. 1. Do not allow EMV cards to be verified...
16 February 2010 /payments /regulation
Cambridge University computer scientists’ discovery of a way to carry out transactions without knowing a card's PIN hit the headlines on Friday; however consumers should not lose faith in credit card security. Chip and PIN is by far and away the most secure way of protecting payment transactions currently available. No security system can claim to...
15 February 2010 /security /payments Information Security
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.