5076 Results from /payments
Cedric Pariente Stanford Certified Project Manager at EFFI Consultants
The situation in France is pretty unique in these times of crisis. Here is how credit is structured and how French people see it and use it. CREDIT IN FRANCE What is the credit situation in France and how do French people see the credit? Well, as a matter of fact granting of credit in France has always been strict. Actually it’s already been like ...
29 May 2009 /payments Transaction Fraud Systems and Analysis
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
I wrote a letter to Santa last December and he seems to have taken it seriously at least with the most demanding present: "The second wish is a standard - more precisely a common and global standard that will fulfill both the needs of SMEs (being easy to use) and their frequently very large and sometimes bully trading partners who have a need...
28 May 2009 /payments
Paul Penrose Head of Research at Finextra
With the spectre of negative interest rates hoving into view, is it time to rethink the value of cash as a medium of exchange? Failure to do so will lead inevitably to currency hoarding as savers turn their assets into cash to avoid the deflationary effects of a move to negative interest charges. In his maverecon blog at the FT, Wiliam Buiter, a f...
20 May 2009 /payments /retail EBAday
Retired Member
In the other part of my virtual life, I have written about the push toward ISO20022--both the positives and the negatives around the new standard as well as the lack of a business case directed toward corporates. So if these comments seem a little familiar--don't say I didn't warn you. Because I still think the issues that I raised are valid and s...
20 May 2009 /payments Innovation in Financial Services
To say that I am an evangelist for mobile financial services would be an understatement, but I confess to experiencing purely personal delight at the pace of mobile financial services. That pace is slow. I've recently had a quick African immersion and have seen that the real story on the ground is far from rosy for the current mobile financial serv...
20 May 2009 /payments /retail Whatever...
Currently the messages MT103 / 103+ are used to effect a customer credit transfer and the MT 202 is used for a financial institution transfer. In order to speed up the payment process for customer credit transfers in some cases an additional cover payment message (MT202) is sent to an intermediary bank whereas the underlying customer credit tr...
19 May 2009 /payments /wholesale SWIFT Matters
It is not the recession - it is the demographic challenge - not enough people in working age -as demonstrated in this EU-produced chart: http://boharald.blogspot.com/2008/05/need-to-automate-away-routines.html
18 May 2009 /payments
We are now in the process of expanding the public debt - in our childrens' name - beyond previously imagined boundaries. Apart from being a questionable practise to use much more money than you earn - it is also by definition leading to over-consumption. And what are we borrowing for? Is it for creating more sustainable structures and way of life?...
17 May 2009 /payments
When viewed against the total universe of Facebook applications (numbering in the tens of thousands), the subset of financial applications is by all measures a tiny one. Most are related to “financial entertainment” – simulators, games, and “just for fun” apps enabling users to buy and sell their friends, or send virtual gifts such as bailouts or...
15 May 2009 /payments Finance 2.0
There is a scene in the movie Terminator 2 in which a young John Connor uses a computer to steal money from an ATM machine. This movie opened in 1991. Which makes me seriously wonder why ATMs are still so vulnerable to these same type of attacks today? I doubt that when James Cameron envisioned and scripted this type of theft eighteen years ag...
14 May 2009 /security /payments Transaction Banking
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